Bitfinex
Commonwealth Securities
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Overview
Bitfinex was founded in 2015 and is headquartered in New Zealand, while Commonwealth Securities was established in 1999 and is based in Australia. Bitfinex holds licences including Financial Services Provider (FSP), while Commonwealth Securities is regulated by Cyprus Securities and Exchange Commission (CySEC) among others. Bitfinex serves 10,000+ clients worldwide; Commonwealth Securities has 10,000+. The minimum deposit is $100 at Bitfinex and $5000 at Commonwealth Securities.
| Feature | Bitfinex | Commonwealth Securities |
|---|---|---|
| Min. Deposit | $100 | $5000 |
| Regulation | Financial Services Provider (FSP) | Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 2015 | 1999 |
| Country | New Zealand | Australia |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Bitfinex and Commonwealth Securities, directly affecting your bottom line as a trader. Bitfinex has a lower barrier to entry with a minimum deposit of $100 (vs $5000 at Commonwealth Securities). Bitfinex charges withdrawal fees while Commonwealth Securities does not, a notable advantage for frequent withdrawers. Commonwealth Securities charges deposit fees; Bitfinex does not. Overall, Bitfinex scores higher on fees in our assessment.
| Feature | Bitfinex | Commonwealth Securities |
|---|---|---|
| Min. Deposit | $100 | $5000 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | No |
Platforms
Bitfinex offers MT5, cTrader, while Commonwealth Securities supports MT4, 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. Commonwealth Securities edges ahead on platform breadth and functionality in our scoring.
| Feature | Bitfinex | Commonwealth Securities |
|---|---|---|
| MT4 | No | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | Android Apps,iPhone/iPad,Desktop | Metatrader 4 - desktop, iOS and Android versions available. |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Bitfinex and Commonwealth Securities 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 | Bitfinex | Commonwealth Securities |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | Yes | Yes |
| Autochartist | Yes | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Bitfinex accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while Commonwealth Securities supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Bitfinex | Commonwealth Securities |
|---|---|---|
| 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 Bitfinex and Commonwealth Securities 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 | Bitfinex | Commonwealth Securities |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |