Bitfinex
fxcl markets
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Overview
Bitfinex was founded in 2015 and is headquartered in New Zealand, while fxcl markets was established in 2006 and is based in Cayman Islands. Bitfinex holds licences including Financial Services Provider (FSP), while fxcl markets is regulated by Financial Services Authority (FSA) number 1637 among others. Bitfinex serves 10,000+ clients worldwide; fxcl markets has 10,000+. The minimum deposit is $100 at Bitfinex and $250 at fxcl markets.
| Feature | Bitfinex | fxcl markets |
|---|---|---|
| Min. Deposit | $100 | $250 |
| Regulation | Financial Services Provider (FSP) | Financial Services Authority (FSA) number 1637 |
| Founded | 2015 | 2006 |
| Country | New Zealand | Cayman Islands |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Bitfinex and fxcl markets, directly affecting your bottom line as a trader. Bitfinex has a lower barrier to entry with a minimum deposit of $100 (vs $250 at fxcl markets). Bitfinex charges withdrawal fees while fxcl markets does not, a notable advantage for frequent withdrawers. Overall, Bitfinex scores higher on fees in our assessment.
| Feature | Bitfinex | fxcl markets |
|---|---|---|
| Min. Deposit | $100 | $250 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
Bitfinex offers MT5, cTrader, while fxcl markets 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. fxcl markets edges ahead on platform breadth and functionality in our scoring.
| Feature | Bitfinex | fxcl markets |
|---|---|---|
| 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, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Bitfinex and fxcl markets 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. The two brokers are evenly matched on educational content.
| Feature | Bitfinex | fxcl markets |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | Yes | Yes |
| 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 fxcl markets supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). fxcl markets uniquely supports PayPal and Skrill and Neteller among the two brokers. fxcl markets scores higher on deposit and withdrawal flexibility.
| Feature | Bitfinex | fxcl markets |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | Yes |
| Skrill | No | Yes |
| Neteller | No | Yes |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both Bitfinex and fxcl markets offer live chat support. Both provide phone support. Email support is available at both brokers. Bitfinex supports 2 languages and fxcl markets supports 8, giving fxcl markets broader global reach. Both brokers are comparable on support quality.
| Feature | Bitfinex | fxcl markets |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic |