Binance vs. Interactive Brokers vs. Shrimpy

If you are into crypto, it is definitely a platform that needs to be used for your business if you want to adapt to a modern-day solution. Especially with a lot of exchanges platform or crypto platforms around, I do think it's a good idea to find one that is highly regulated and well known in the industry. That's why Binance is a go too platform.

Incentivized

Interactive Brokers is appropriate for retail equity investing and pension accounts holding - totally appropriate. Institutional accounts and proprietary trading group accounts - appropriate for those managing risks themselves because there is no automatic or supervised control and you trade at your own discretion. Not appropriate - is you look for crypto trading with instruments not accepted by regulator authorities as featured instruments with acceptable risk, to make sustainable and regulated investments with the main aim to preserve capital. All not regulated instruments are not appropriate and it is good and professional.

Shrimpy is a good visual aid but it lacks some key features, such as a mobile app.

Incentivized

• Has the best data, tables and choices of all platforms out there.
• Best charges / prices with quick transfers of currency from fiat banks to Binance
• Best selection of currencies

Incentivized

• Large financial instruments are available for trading - options, forex, derivatives, USTs
• All main international exchanges are available to allocate
• Fast and stable user interface
• Fast connectivity
• Python and Java API
• Applications from Vendors
• Data feed on demand could be added
• Fast funds transfers and account set up
• Supported all types of account: retail, trading group, retirenment, institutional
• Fast quotes update without viable delay even for retail

• Connects accounts.
• Automate trading however i don't use this currently.
• Copy trades etc.

Incentivized

• You have to login every time you use it due to security concerns.
• The fees and charges are not clear sometimes
• Make sure you go through the terms carefully before using any platform.

Incentivized

• Simplification of design (classic multy window to plain colorful palette Z-focused)
• Choise of routes for order flow with clear comission cost
• International bonds inclusion
• Consider offering of CDS derivatives for ICE products
• ESG selection - CO2 allowances instruments
• Crypto wallets as a cource of margin connectivity are interesting for hybryd account
• Sponsorship for FINRA licenses for non-institutional customers

• No financial security.
• No mobile app (yet).

Incentivized

We use it and do not plan to switch. It fits all our current needs.

We found that Binance has a better fee structure. We also found Binance to be much easier to use. I have a little bit of experience in the trading space, but it was essential to have an easy-to-use platform for inexperienced employees to use while keeping up with new technology.

Incentivized

Reliable connection, fast interface, rapid data updates, lower comission costs that is all features coinsided at one place for Interactive Brokers trader workstation. Even account types offering is wider to include also trading group accounts not only retail, IRA 401. Interactive Brokers makes easy to enter the prop business or serve large family office needs as an adviser or discretionary mandate trader (EU)

Shrimpy is simpler to use, and the portfolio rebalancing to adjust to market movements is its best asset. This was used for stocks and shares prior and works in a similar way with crypto. Not sure as to the long-term gains this will provide but the theory stacks up.

Incentivized

• It gave good opportunity for investment which resulted in good ROI
• It's better than Indian Exchanges as the manipulation is high there
• It's the best platform to check the actual prices of coins as other applications nowadays are fluctuating in prices

Incentivized

• Scalability - easy managed exposure of any size
• ROI is sustainable, no exponencial growth but we get what is expected, not less SP500 return + KPI %
• Comission flow is very low as compared to 3 - 4 years before the date

• Crypto has taken a hit so ROI is negative at the moment but it will go back up.

Incentivized