Bitfinex
mbcfx
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Overview
Bitfinex was founded in 2015 and is headquartered in New Zealand, while mbcfx was established in 2021 and is based in Puerto Rico. Bitfinex holds licences including Financial Services Provider (FSP), while mbcfx is regulated by Financial Conduct Authority (FCA) among others. Bitfinex serves 10,000+ clients worldwide; mbcfx has 30,000+. The minimum deposit is $100 at Bitfinex and $250 at mbcfx.
| Feature | Bitfinex | mbcfx |
|---|---|---|
| Min. Deposit | $100 | $250 |
| Regulation | Financial Services Provider (FSP) | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F276 |
| Founded | 2015 | 2021 |
| Country | New Zealand | Puerto Rico |
| Clients | 10,000+ | 30,000+ |
Fees
Fees are a critical factor when choosing between Bitfinex and mbcfx, directly affecting your bottom line as a trader. Bitfinex has a lower barrier to entry with a minimum deposit of $100 (vs $250 at mbcfx). Bitfinex charges withdrawal fees while mbcfx does not, a notable advantage for frequent withdrawers. Overall, Bitfinex scores higher on fees in our assessment.
| Feature | Bitfinex | mbcfx |
|---|---|---|
| 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 mbcfx 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. mbcfx edges ahead on platform breadth and functionality in our scoring.
| Feature | Bitfinex | mbcfx |
|---|---|---|
| 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 mbcfx compare. Bitfinex runs regular live webinars; mbcfx does not. Both provide video tutorials. Bitfinex publishes daily market commentary; mbcfx 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 | mbcfx |
|---|---|---|
| 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 mbcfx supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). mbcfx uniquely supports PayPal and Skrill and Neteller among the two brokers. mbcfx scores higher on deposit and withdrawal flexibility.
| Feature | Bitfinex | mbcfx |
|---|---|---|
| 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 mbcfx offer live chat support. Both provide phone support. Email support is available at both brokers. Bitfinex supports 2 languages and mbcfx supports 8, giving mbcfx broader global reach. Both brokers are comparable on support quality.
| Feature | Bitfinex | mbcfx |
|---|---|---|
| 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 |