Bithumb
tastyworks
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Overview
Bithumb was founded in 2009 and is headquartered in Hong Kong, while tastyworks was established in 2014 and is based in Belize. Bithumb holds licences including Unregulated, while tastyworks is regulated by Financial Conduct Authority (FCA) among others. Bithumb serves 10,000+ clients worldwide; tastyworks has 150,000+. The minimum deposit is $500 at Bithumb and $250 at tastyworks.
| Feature | Bithumb | tastyworks |
|---|---|---|
| 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-F317 |
| Founded | 2009 | 2014 |
| Country | Hong Kong | Belize |
| Clients | 10,000+ | 150,000+ |
Fees
Fees are a critical factor when choosing between Bithumb and tastyworks, directly affecting your bottom line as a trader. tastyworks has a lower barrier to entry with a minimum deposit of $250 (vs $500 at Bithumb). tastyworks charges withdrawal fees while Bithumb does not, giving Bithumb an edge for frequent withdrawers. Overall, Bithumb scores higher on fees in our assessment.
| Feature | Bithumb | tastyworks |
|---|---|---|
| Min. Deposit | $500 | $250 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
Bithumb offers MT4, MT5, cTrader, while tastyworks supports MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Bithumb supports social and copy trading features, which tastyworks does not offer. Bithumb edges ahead on platform breadth and functionality in our scoring.
| Feature | Bithumb | tastyworks |
|---|---|---|
| MT4 | Yes | No |
| 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 tastyworks compare. tastyworks runs regular live webinars; Bithumb does not. tastyworks has a video library; Bithumb does not. tastyworks publishes daily market commentary; Bithumb does not. tastyworks integrates third-party research tools (Trading Central); Bithumb does not. tastyworks maintains an archive of past webinars for on-demand viewing. tastyworks scores higher overall in education and research.
| Feature | Bithumb | tastyworks |
|---|---|---|
| Forex Education | No | No |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | No | No |
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 tastyworks supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). tastyworks uniquely supports PayPal and Skrill and Neteller among the two brokers. tastyworks scores higher on deposit and withdrawal flexibility.
| Feature | Bithumb | tastyworks |
|---|---|---|
| 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 tastyworks offer live chat support. Both provide phone support. Email support is available at both brokers. Bithumb supports 2 languages and tastyworks supports 8, giving tastyworks broader global reach. Both brokers are comparable on support quality.
| Feature | Bithumb | tastyworks |
|---|---|---|
| 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 |