Bithumb
speedtrader
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Overview
Bithumb was founded in 2009 and is headquartered in Hong Kong, while speedtrader was established in 2017 and is based in Netherlands. Bithumb holds licences including Unregulated, while speedtrader is regulated by Financial Conduct Authority (FCA) among others. Bithumb serves 10,000+ clients worldwide; speedtrader has 3,500,000+. The minimum deposit is $500 at Bithumb and $250 at speedtrader.
| Feature | Bithumb | speedtrader |
|---|---|---|
| Min. Deposit | $500 | $250 |
| Regulation | Unregulated | 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-F308 |
| Founded | 2009 | 2017 |
| Country | Hong Kong | Netherlands |
| Clients | 10,000+ | 3,500,000+ |
Fees
Fees are a critical factor when choosing between Bithumb and speedtrader, directly affecting your bottom line as a trader. speedtrader has a lower barrier to entry with a minimum deposit of $250 (vs $500 at Bithumb). Neither broker charges withdrawal fees. speedtrader charges deposit fees; Bithumb does not. Overall, Bithumb scores higher on fees in our assessment.
| Feature | Bithumb | speedtrader |
|---|---|---|
| Min. Deposit | $500 | $250 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
Bithumb offers MT4, MT5, cTrader, while speedtrader 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. The two brokers are closely matched on platform offering.
| Feature | Bithumb | speedtrader |
|---|---|---|
| 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, 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 Bithumb and speedtrader compare. speedtrader runs regular live webinars; Bithumb does not. speedtrader has a video library; Bithumb does not. speedtrader publishes daily market commentary; Bithumb does not. speedtrader integrates third-party research tools (Trading Central, Autochartist); Bithumb does not. speedtrader maintains an archive of past webinars for on-demand viewing. speedtrader scores higher overall in education and research.
| Feature | Bithumb | speedtrader |
|---|---|---|
| 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 speedtrader supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). speedtrader uniquely supports PayPal and Skrill and Neteller among the two brokers. speedtrader scores higher on deposit and withdrawal flexibility.
| Feature | Bithumb | speedtrader |
|---|---|---|
| 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 Bithumb and speedtrader offer live chat support. Both provide phone support. Email support is available at both brokers. Bithumb supports 2 languages and speedtrader supports 8, giving speedtrader broader global reach. Both brokers are comparable on support quality.
| Feature | Bithumb | speedtrader |
|---|---|---|
| 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 |