The Binance Log in brokerage account allows a trader to make use of the trading platform by opening accounts with the brokerage, accessing various features, and making trades. However, these features are available only to clients of the parent firm who have invested with the Binance company. Hence, if one wishes to take advantage of these facilities, he has to open an account with the parent company first. After which, he can transfer funds from his own trading account to the account of another broker using the web based services.
If one wishes to take advantage of the facility offered by the Binance firm, he can create his own customised trading system. He can even upload his favourite charts and market indicators to display in the broker’s trading platform. These customised systems are created using the Metatrader platform and can be tested by the Binance website using the free practice modes. Once the tests are successful, then he can upload his customised system and share it with the other members of the community for testing.
With the help of Binance, a trader can set up limit orders. These orders are used to enter or exit a trade. Limit orders can be placed either on or off the underlying exchange. The limit order option can be selected according to the type of trading that is undertaken, such as fundamental analysis, commodity and forex trading, or fundamental indices. However, a limit order cannot be set at a higher level than the market price. There are also some limitations such as stopping loss and trailing stop orders in the futures trading platform offered by the Binance firm.
Another advantage of trading with Binance is that it lets a trader to know the current exchange rate so that he can place orders based on the current rate. He gets balances on his account according to the latest price information provided by him. Hence, he does not have to wait for any new updates to get balances on his margin account. Instead, when he wants to buy or sell a commodity, he gets an alert on his desktop PC or mobile phone informing him about the rates at which the market is trading.
There is no restriction on the number of trades that can be executed using the Binance login, and there is no minimum amount of account balance required. A trader can execute an unlimited number of trades during his trial account. The software allows the user to select from the list of assets and baskets to be traded. He can also view the list of current assets and baskets, view the current prices and market depth, and select the basket that corresponds to the latest price data.
The Binance website provides a demo account facility and a login facility. Once a user has logged in, he is able to access both the accounts. The demo account enables a user to practice trading and get familiarity with working with the different functions of the Cryptocurrency Trading platform. The login and demo account is free of charge and there is no limit on the number of users that can use the same login to trade futures and currencies. The latest news and information regarding Cryptocurrency and the latest prices are also available on this website.