Bitfinex
Core Spreads
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Overview
Bitfinex was founded in 2015 and is headquartered in New Zealand, while Core Spreads was established in 2014 and is based in London. Bitfinex holds licences including Financial Services Provider (FSP), while Core Spreads is regulated by Financial Conduct Authority (FCA) among others. Bitfinex serves 10,000+ clients worldwide; Core Spreads has 10,000+. The minimum deposit is $100 at Bitfinex and $1 at Core Spreads.
| Feature | Bitfinex | Core Spreads |
|---|---|---|
| Min. Deposit | $100 | $1 |
| Regulation | Financial Services Provider (FSP) | Financial Conduct Authority (FCA) |
| Founded | 2015 | 2014 |
| Country | New Zealand | London |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Bitfinex and Core Spreads, directly affecting your bottom line as a trader. Core Spreads has a lower barrier to entry with a minimum deposit of $1 (vs $100 at Bitfinex). Bitfinex charges withdrawal fees while Core Spreads does not, a notable advantage for frequent withdrawers. Core Spreads charges deposit fees; Bitfinex does not. Overall, Core Spreads scores higher on fees in our assessment.
| Feature | Bitfinex | Core Spreads |
|---|---|---|
| Min. Deposit | $100 | $1 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | No |
Platforms
Bitfinex offers MT5, cTrader, while Core Spreads supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Bitfinex supports social and copy trading features, which Core Spreads does not offer. Core Spreads edges ahead on platform breadth and functionality in our scoring.
| Feature | Bitfinex | Core Spreads |
|---|---|---|
| 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 | MT4, Web Trader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Bitfinex and Core Spreads compare. Bitfinex runs regular live webinars; Core Spreads does not. Both provide video tutorials. Bitfinex publishes daily market commentary; Core Spreads 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 | Bitfinex | Core Spreads |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| Autochartist | Yes | Yes |
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 Core Spreads supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Bitfinex | Core Spreads |
|---|---|---|
| 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 Core Spreads 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 | Core Spreads |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |