we will compare Binance vs Huobi.
To assess both of these forex brokers, we will begin with cost. Comparing two fx brokers on cost is not easy. First, not every broker publicizes their average spreads. And, for the brokers that do publish their data, the formulas used to calculate average spreads can vary. Furthermore, the currency pair you are trading can impact cost, as well as the execution policies of the broker. Dealing desk or no dealing desk? The list goes on and on. To make comparing cost easy, we have a star rating that takes everything into account. Both Binance and Huobi are rated 4.00 stars.
Next to commissions and fees, regulation and currency availability are important to take into consideration. You want to trust and have confidence the forex broker you choose. Binance nor Huobi are regulated in a major hub. Neither Binance and Huobi are publicly traded companies. And, when it comes to total currency pairs available to trade, a quick comparison is helpful. Both Binance and Huobi provide traders with access to total currency pairs.
To round out our comparison of Binance vs Huobi, let's look at the tools and features most used by forex traders. For trading platforms, traders are all familiar with MetaTrader. Neither Binance and Huobi offer Meta Trader. With a platform picked out, looking at charts is a must so they should be of high-quality. As part of our research, we count the number of drawing tools and total technical indicators available. Both Binance and Huobi provide clients with access to total charting tools. Both brokers offer clients access to the same number of indicators (eg, moving averages), .