Bithumb
SpreadCo
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Overview
Bithumb was founded in 2009 and is headquartered in Hong Kong, while SpreadCo was established in 2005 and is based in London. Bithumb holds licences including Unregulated, while SpreadCo is regulated by Financial Conduct Authority (FCA) among others. Bithumb serves 10,000+ clients worldwide; SpreadCo has 10,000+. The minimum deposit is $500 at Bithumb and $100 at SpreadCo.
| Feature | Bithumb | SpreadCo |
|---|---|---|
| Min. Deposit | $500 | $100 |
| Regulation | Unregulated | Financial Conduct Authority (FCA) |
| Founded | 2009 | 2005 |
| Country | Hong Kong | London |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Bithumb and SpreadCo, directly affecting your bottom line as a trader. SpreadCo has a lower barrier to entry with a minimum deposit of $100 (vs $500 at Bithumb). SpreadCo charges withdrawal fees while Bithumb does not, giving Bithumb an edge for frequent withdrawers. SpreadCo charges deposit fees; Bithumb does not. Overall, SpreadCo scores higher on fees in our assessment.
| Feature | Bithumb | SpreadCo |
|---|---|---|
| Min. Deposit | $500 | $100 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
Bithumb offers MT4, MT5, cTrader, while SpreadCo 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 | SpreadCo |
|---|---|---|
| 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 | 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 SpreadCo compare. SpreadCo has a video library; Bithumb does not. SpreadCo integrates third-party research tools (Autochartist); Bithumb does not. SpreadCo scores higher overall in education and research.
| Feature | Bithumb | SpreadCo |
|---|---|---|
| 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 SpreadCo supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Bithumb | SpreadCo |
|---|---|---|
| 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 SpreadCo 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 | SpreadCo |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |