Binary.com
Bitfinex
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Overview
Binary.com was founded in 2014 and is headquartered in United States, while Bitfinex was established in 2015 and is based in New Zealand. Binary.com holds licences including Unregulated, while Bitfinex is regulated by Financial Services Provider (FSP) among others. Binary.com serves 10,000+ clients worldwide; Bitfinex has 10,000+. The minimum deposit is $250 at Binary.com and $100 at Bitfinex.
| Feature | Binary.com | Bitfinex |
|---|---|---|
| Min. Deposit | $250 | $100 |
| Regulation | Unregulated | Financial Services Provider (FSP) |
| Founded | 2014 | 2015 |
| Country | United States | New Zealand |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Binary.com and Bitfinex, directly affecting your bottom line as a trader. Bitfinex has a lower barrier to entry with a minimum deposit of $100 (vs $250 at Binary.com). Both brokers charge withdrawal fees. Binary.com applies inactivity fees on dormant accounts; Bitfinex does not. Binary.com charges deposit fees; Bitfinex does not. Overall, Bitfinex scores higher on fees in our assessment.
| Feature | Binary.com | Bitfinex |
|---|---|---|
| Min. Deposit | $250 | $100 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | Yes | No |
| Deposit Fees | Yes | No |
| CFD Fees | Yes | No |
Platforms
Binary.com offers MT4, MT5, cTrader, while Bitfinex supports MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Both brokers support copy or social trading, catering to less hands-on investors. Binary.com edges ahead on platform breadth and functionality in our scoring.
| Feature | Binary.com | 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,iOS,MacBook,iPhone | Android Apps,iPhone/iPad,Desktop |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Binary.com and Bitfinex compare. Bitfinex runs regular live webinars; Binary.com does not. Both provide video tutorials. Bitfinex publishes daily market commentary; Binary.com does not. Both integrate third-party research tools. Bitfinex maintains an archive of past webinars for on-demand viewing. Bitfinex scores higher overall in education and research.
| Feature | Binary.com | Bitfinex |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | Yes | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Binary.com 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 | Binary.com | 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 Binary.com 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 | Binary.com | Bitfinex |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |