TRADE BINANCE Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-12-18 11:40

Abstract：Founded in 2023 and headquartered in the United Kingdom, TRADE BINANCE is an unregulated broker offering a tiered selection of accounts (Silver, Gold, and Premium), featuring different leverage, spreads, and minimum deposit requirements, beginning at $1,000. TRADE BINANCE extends leverage up to 1:150 and offers variable spreads that are tailored to the account type chosen by the trader. It provides the Binance Exchange trading platform.

　　Note: TRADE BINANCE's official website - https://tradebiance.com/ is currently inaccessible normally.

TRADE BINANCE Review Summary
Founded	2023
Registered Country/Region	United Kingdom
Regulation	No Regulation
Market Instruments	Cryptocurrencies, Forex
Demo Account	/
Leverage	Up to 1:150
Spread	/
Trading Platform	Binance Exchange
Min Deposit	$1 000
Customer Support	Email: support@tradebiance.com

　　Founded in 2023 and headquartered in the United Kingdom, TRADE BINANCE is an unregulated broker offering a tiered selection of accounts (Silver, Gold, and Premium), featuring different leverage, spreads, and minimum deposit requirements, beginning at $1,000. TRADE BINANCE extends leverage up to 1:150 and offers variable spreads that are tailored to the account type chosen by the trader. It provides the Binance Exchange trading platform.

Pros and Cons

Pros	Cons
Flexible leverage ratios	Non-functional website
Popular payment options	No regulation
	Limited tradable asset classes
	No MT4/5
	High minimum deposit
	Only email support

Is TRADE BINANCE Legit?

　　At present, TRADE BINANCE lacks valid regulation. Our advice for you is to look for other regulated brokers with functional websites.

What Can I Trade on TRADE BINANCE?

Tradable Instruments	Supported
Forex	✔
Cryptocurrencies	✔
Commodities	❌
Indices	❌
Stocks	❌
Bonds	❌
Options	❌
ETFs	❌

Account Type

Account Type	Min Deposit
SILVER	$1 000
GOLD	$2 500
PREMIUM	$3 500

Leverage

　　The maximum leverage is 150:1, not very high actually. Lower leverage is safer to some extent because leverage can amplify both profits and losses.

Account Type	Max Leverage
SILVER	5:1
GOLD	125:1
PREMIUM	150:1

Spread and Commission

Account Type	Spread	Commission
SILVER	Variable	0.1%
GOLD		0.04%
PREMIUM		0.02%

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for
Binance Exchange	✔	Mobile, web	Experienced traders
MT4	❌	/	Beginners
MT5	❌	/	Experienced traders

Deposit and Withdrawal

　　TRADE BINANCE provides several payments like bank transfers, credit or debit cards, and other third-party payment processors. Moreover, depending on regional availability, e-wallets or cryptocurrency deposits may also be supported for account funding.