Bithumb
Core Spreads
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Overview
Bithumb was founded in 2009 and is headquartered in Hong Kong, while Core Spreads was established in 2014 and is based in London. Bithumb holds licences including Unregulated, while Core Spreads is regulated by Financial Conduct Authority (FCA) among others. Bithumb serves 10,000+ clients worldwide; Core Spreads has 10,000+. The minimum deposit is $500 at Bithumb and $1 at Core Spreads.
| Feature | Bithumb | Core Spreads |
|---|---|---|
| Min. Deposit | $500 | $1 |
| Regulation | Unregulated | Financial Conduct Authority (FCA) |
| Founded | 2009 | 2014 |
| Country | Hong Kong | London |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Bithumb 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 $500 at Bithumb). Neither broker charges withdrawal fees. Core Spreads charges deposit fees; Bithumb does not. Overall, Core Spreads scores higher on fees in our assessment.
| Feature | Bithumb | Core Spreads |
|---|---|---|
| Min. Deposit | $500 | $1 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | No |
Platforms
Bithumb offers MT4, MT5, cTrader, while Core Spreads supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Bithumb supports social and copy trading features, which Core Spreads does not offer. The two brokers are closely matched on platform offering.
| Feature | Bithumb | Core Spreads |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | iPhone/iPad,iOS,Mac | 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 Bithumb and Core Spreads compare. Core Spreads has a video library; Bithumb does not. Core Spreads integrates third-party research tools (Autochartist); Bithumb does not. Core Spreads scores higher overall in education and research.
| Feature | Bithumb | Core Spreads |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | No | No |
| Weekly Webinars | No | No |
| Daily Commentary | No | No |
| Trading Central | No | No |
| Autochartist | No | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Bithumb 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 | Bithumb | 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 Bithumb 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 | Bithumb | Core Spreads |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |