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4.7 star rating
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What is the best alternative to SaxoTrader?
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Binance
All
7
Experiences
Pros
4
Cons
3
Top
Pro
Comparatively safe base coin
You can easily transfer in almost any current coin, no matter how volatile, and transfer it to the relatively stable BNB token.
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Con
Overwhelming and confusing
The extreme volume of both trading options and supported currencies, combined with poor help, makes it overwhelming for beginners.
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Pro
Protection
Binance has many unique proprietary methods for combating fraud. Including protecting users from bad coins. While rare, problem coins are delisted extremely quickly.
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Con
BYOC (Bring your own coins)
Binace does not have a fiat to currency system. The only way to trade on binance is to buy their private currency, or deposit crypto from other wallets/exchanges at a fee.
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Pro
Every major coin
And most minor ones. Excluding fraud and bankruptcy, it’s easy to get listed and very difficult to get delisted.
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Con
No buy in
Binance does NOT offer direct fiat to crypto transactions. You can only buy into the binance currency, which you then trade for other coins.
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Pro
Comparatively save base coin
You can easily transfer in almost any current coin, no matter how volatile, and transfer it to the relatively stable BNB token.
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Experiences
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10
1
Jiffy Trading App
All
3
Experiences
Pros
3
Top
Pro
Trade fast
You can buy and sell from 7 different places.
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Pro
Secure
Secure retrieval and storage of data with 256-bit SSL Encryption.
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Pro
Simple UI
In a few clicks, you can seamlessly navigate the app and take actions.
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0
1
0
Robinhood
All
5
Experiences
Pros
2
Cons
3
Top
Con
Limits buy orders of certain stocks
As of last week the service started limiting buys of certain stock, this is ongoing and a huge problem for many service users.
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Pro
You can set notifications for important events
If you know that an important goverment report is coming out, or a company in your portfolio is expected to release its 10K, you can create a notification to warn about this beforehand to stay on top of the information flow.
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Con
Only for US citizens/residents
You need to be a US citizen or resident, with a legal US residential address, and a valid social security number.
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Pro
Great for beginners
This app is great for beginner investors, because the entry threshold is non-existent - you can start trading with whatever capital you have; and there are no commissions that bite off you profits.
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Con
Limited options for analysis
This app wasn't intened for analysis as much as convenient execution. If you rely on technical analysis to make your investment decisions, you will have to find a third-party software for that.
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11
3
Stash Invest
All
5
Experiences
Pros
4
Cons
1
Top
Con
Can't invest in specific stocks
The app allows the user to choose from a predefined list of stock packages and doesn't have the ability to search for a specific company and invest in it.
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Top
Pro
Has lots of tips and guides
You can find useful guides and advice linked on the app to help you invest smarter.
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Pro
"Auto stash"
User can set up auto investments every week/2 weeks/month.
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Pro
Easy for beginners
The app has a categorized list of stock "packages" that are comprised of different stocks that are related. For each of those packages you can see the ticker name, what stocks are in it, the stock performance, risk level, etc.
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Pro
No transaction fees
Using the app costs $1/m but there are no other costs so you can move your money around very easily.
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$1/m
2
1
Built By the Slant team
Find the best product instantly.
4.7 star rating
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