Advanced Global Markets
Bitfinex
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Overview
Advanced Global Markets was founded in 1992 and is headquartered in Cyprus, while Bitfinex was established in 2015 and is based in New Zealand. Advanced Global Markets holds licences including Cyprus Securities and Exchange Commission (CySEC), while Bitfinex is regulated by Financial Services Provider (FSP) among others. Advanced Global Markets serves 10,000+ clients worldwide; Bitfinex has 10,000+. The minimum deposit is $500 at Advanced Global Markets and $100 at Bitfinex.
| Feature | Advanced Global Markets | Bitfinex |
|---|---|---|
| Min. Deposit | $500 | $100 |
| Regulation | Cyprus Securities and Exchange Commission (CySEC) | Financial Services Provider (FSP) |
| Founded | 1992 | 2015 |
| Country | Cyprus | New Zealand |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Advanced Global Markets and Bitfinex, directly affecting your bottom line as a trader. Bitfinex has a lower barrier to entry with a minimum deposit of $100 (vs $500 at Advanced Global Markets). Both brokers charge withdrawal fees. Advanced Global Markets charges deposit fees; Bitfinex does not. Overall, Bitfinex scores higher on fees in our assessment.
| Feature | Advanced Global Markets | Bitfinex |
|---|---|---|
| Min. Deposit | $500 | $100 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | No |
| CFD Fees | Yes | No |
Platforms
Advanced Global Markets offers MT4, MT5, cTrader, while Bitfinex supports MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Bitfinex supports social and copy trading features, which Advanced Global Markets does not offer. Advanced Global Markets edges ahead on platform breadth and functionality in our scoring.
| Feature | Advanced Global Markets | Bitfinex |
|---|---|---|
| MT4 | Yes | No |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4 | Android Apps,iPhone/iPad,Desktop |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Advanced Global Markets and Bitfinex compare. Both brokers run regular live webinars. Both provide video tutorials, including advanced content. Daily market commentary is available from both brokers. Both integrate third-party research tools including Trading Central. Archived webinars are available at both brokers for self-paced learning. Bitfinex scores higher overall in education and research.
| Feature | Advanced Global Markets | Bitfinex |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | Yes | Yes |
| Autochartist | No | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Advanced Global Markets accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while Bitfinex supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Advanced Global Markets | Bitfinex |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | No |
| Skrill | No | No |
| Neteller | No | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both Advanced Global Markets and Bitfinex offer live chat support. Both provide phone support. Email support is available at both brokers. Both brokers offer support in 2 languages. Both brokers are comparable on support quality.
| Feature | Advanced Global Markets | Bitfinex |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |