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Binance vs OVEX: fees, licences and P2P

Facts for both companies from their official pages; each was checked on the date shown in its review.

Facts verified on October 18, 2026

Key differences

Only Binance is licensed by FSRA (ADGM), AFSA, CBB, VARA, Bappebti, JFSA, SEC (Thailand), CNAD, and BCR (El Salvador).

Criterion	Binance	OVEX
Rating	4.7/5 on other platforms 5M ratings	4.7/5 on other platforms 33 ratings
Regulators	FSRA (ADGM), AFSA, CBB, VARA, Bappebti, JFSA, SEC (Thailand), CNAD, BCR (El Salvador), FSCA	FSCA
Spot trading fees	maker 0.1%, taker 0.1%	—
USDT withdrawal	0.01 USDT on BEP20, 0.04 USDT on AVAXC, 0.04 USDT on OPTIMISM +6	5 USDT on TRC20, 8 USDT on ERC20
P2P trading	yes, in 112 local currencies	—
Futures	yes, up to 1:150	—
Proof of reserves	published	not published
Deposits and withdrawals	Bank transfer	Bank transfer
Not available in	United States, Canada, Netherlands, Cuba, North Korea, Iran	—
	Read review	Read review

Which regulators license Binance and OVEX?

Binance is licensed by FSRA (ADGM), AFSA, CBB, VARA, Bappebti, JFSA, SEC (Thailand), CNAD, BCR (El Salvador), and FSCA; OVEX by FSCA.