You may not know this… but today Binance just launched XAUUSDT trading, and it’s completely different from XAUUSD on Forex. @CZ @Yi He
1. Product type
- Binance: A perpetual futures contract, PnL settled in USDT.
- Forex: A traditional gold CFD, PnL settled in USD.
2. Pricing
- Binance uses its own index price, sometimes a few dollars off.
- Forex tracks global gold prices more closely.
3. Leverage & fees
- Binance: moderate leverage, no swap fees, low trading fees.
- Forex: high leverage but heavy overnight swap if you hold long.
4. Transparency
- Binance is more transparent with less random spread widening.
- Forex can widen spreads or requote heavily during news.
5. Who is it for?
- Binance: Great for short-term trading or long-term holding (no swap).
- Forex: Best for traders who need the most accurate gold pricing.
P/s:
Don't FOMO Gold
FOMO Bitcoin and BNB
1. Product type
- Binance: A perpetual futures contract, PnL settled in USDT.
- Forex: A traditional gold CFD, PnL settled in USD.
2. Pricing
- Binance uses its own index price, sometimes a few dollars off.
- Forex tracks global gold prices more closely.
3. Leverage & fees
- Binance: moderate leverage, no swap fees, low trading fees.
- Forex: high leverage but heavy overnight swap if you hold long.
4. Transparency
- Binance is more transparent with less random spread widening.
- Forex can widen spreads or requote heavily during news.
5. Who is it for?
- Binance: Great for short-term trading or long-term holding (no swap).
- Forex: Best for traders who need the most accurate gold pricing.
P/s:
Don't FOMO Gold
FOMO Bitcoin and BNB