Bitfinex
XGLOBAL Markets
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Overview
Bitfinex was founded in 2015 and is headquartered in New Zealand, while XGLOBAL Markets was established in 2008 and is based in Cyprus. Bitfinex holds licences including Financial Services Provider (FSP), while XGLOBAL Markets is regulated by Cyprus Securities and Exchange Commission (CySEC) among others. Bitfinex serves 10,000+ clients worldwide; XGLOBAL Markets has 10,000+. The minimum deposit is $100 at Bitfinex and $500 at XGLOBAL Markets.
| Feature | Bitfinex | XGLOBAL Markets |
|---|---|---|
| Min. Deposit | $100 | $500 |
| Regulation | Financial Services Provider (FSP) | Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 2015 | 2008 |
| Country | New Zealand | Cyprus |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Bitfinex and XGLOBAL Markets, directly affecting your bottom line as a trader. Bitfinex has a lower barrier to entry with a minimum deposit of $100 (vs $500 at XGLOBAL Markets). Both brokers charge withdrawal fees. XGLOBAL Markets charges deposit fees; Bitfinex does not. Overall, Bitfinex scores higher on fees in our assessment.
| Feature | Bitfinex | XGLOBAL Markets |
|---|---|---|
| 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 XGLOBAL Markets supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Bitfinex supports social and copy trading features, which XGLOBAL Markets does not offer. XGLOBAL Markets edges ahead on platform breadth and functionality in our scoring.
| Feature | Bitfinex | XGLOBAL 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 | Desktop,iOS,Android |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Bitfinex and XGLOBAL Markets compare. Bitfinex runs regular live webinars; XGLOBAL Markets does not. Both provide video tutorials. Bitfinex publishes daily market commentary; XGLOBAL Markets 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 | XGLOBAL Markets |
|---|---|---|
| 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 XGLOBAL Markets supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Bitfinex | XGLOBAL Markets |
|---|---|---|
| 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 XGLOBAL Markets 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 | XGLOBAL Markets |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |