Bithumb
FXCM
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Overview
Bithumb was founded in 2009 and is headquartered in Hong Kong, while FXCM was established in 1999 and is based in United States. Bithumb holds licences including Unregulated, while FXCM is regulated by Financial Conduct Authority (FCA) among others. Bithumb serves 10,000+ clients worldwide; FXCM has 10,000+. The minimum deposit is $500 at Bithumb and $1 at FXCM.
| Feature | Bithumb | FXCM |
|---|---|---|
| Min. Deposit | $500 | $1 |
| Regulation | Unregulated | Financial Conduct Authority (FCA) |
| Founded | 2009 | 1999 |
| Country | Hong Kong | United States |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Bithumb and FXCM, directly affecting your bottom line as a trader. FXCM has a lower barrier to entry with a minimum deposit of $1 (vs $500 at Bithumb). Neither broker charges withdrawal fees. Overall, FXCM scores higher on fees in our assessment.
| Feature | Bithumb | FXCM |
|---|---|---|
| Min. Deposit | $500 | $1 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
Bithumb offers MT4, MT5, cTrader, while FXCM supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Bithumb supports social and copy trading features, which FXCM does not offer. The two brokers are closely matched on platform offering.
| Feature | Bithumb | FXCM |
|---|---|---|
| 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, Mirror Trader, Web Trader, NinjaTrader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Bithumb and FXCM compare. FXCM runs regular live webinars; Bithumb does not. FXCM has a video library; Bithumb does not. FXCM publishes daily market commentary; Bithumb does not. FXCM integrates third-party research tools (Trading Central, Autochartist); Bithumb does not. FXCM maintains an archive of past webinars for on-demand viewing. FXCM scores higher overall in education and research.
| Feature | Bithumb | FXCM |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| 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 FXCM supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Bithumb | FXCM |
|---|---|---|
| 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 FXCM 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 | FXCM |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |