Bitfinex
eOption
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Overview
Bitfinex was founded in 2015 and is headquartered in New Zealand, while eOption was established in 2008 and is based in USA. Bitfinex holds licences including Financial Services Provider (FSP), while eOption is regulated by Unregulated among others. Bitfinex serves 10,000+ clients worldwide; eOption has 10,000+. The minimum deposit is $100 at Bitfinex and $500 at eOption.
| Feature | Bitfinex | eOption |
|---|---|---|
| Min. Deposit | $100 | $500 |
| Regulation | Financial Services Provider (FSP) | Unregulated |
| Founded | 2015 | 2008 |
| Country | New Zealand | USA |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Bitfinex and eOption, directly affecting your bottom line as a trader. Bitfinex has a lower barrier to entry with a minimum deposit of $100 (vs $500 at eOption). Both brokers charge withdrawal fees. eOption charges deposit fees; Bitfinex does not. Overall, Bitfinex scores higher on fees in our assessment.
| Feature | Bitfinex | eOption |
|---|---|---|
| Min. Deposit | $100 | $500 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | No |
Platforms
Bitfinex offers MT5, cTrader, while eOption supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Bitfinex supports social and copy trading features, which eOption does not offer. eOption edges ahead on platform breadth and functionality in our scoring.
| Feature | Bitfinex | eOption |
|---|---|---|
| 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 | DealBook (Desktop, Mobile, iPhone, iPad, iPod touch, Web) |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Bitfinex and eOption compare. Bitfinex runs regular live webinars; eOption does not. Both provide video tutorials. Bitfinex publishes daily market commentary; eOption 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 | eOption |
|---|---|---|
| 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 eOption supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Bitfinex | eOption |
|---|---|---|
| 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 eOption 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 | eOption |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |