Bithumb
Westpac
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Overview
Bithumb was founded in 2009 and is headquartered in Hong Kong, while Westpac was established in 2008 and is based in Austrailia. Bithumb holds licences including Unregulated, while Westpac is regulated by Financial Conduct Authority (FCA) among others. Bithumb serves 10,000+ clients worldwide; Westpac has 10,000+. The minimum deposit is $500 at Bithumb and $50 at Westpac.
| Feature | Bithumb | Westpac |
|---|---|---|
| Min. Deposit | $500 | $50 |
| Regulation | Unregulated | Financial Conduct Authority (FCA), Prudential Regulation Authority (PRA) |
| Founded | 2009 | 2008 |
| Country | Hong Kong | Austrailia |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Bithumb and Westpac, directly affecting your bottom line as a trader. Westpac has a lower barrier to entry with a minimum deposit of $50 (vs $500 at Bithumb). Neither broker charges withdrawal fees. Westpac charges deposit fees; Bithumb does not. Overall, Westpac scores higher on fees in our assessment.
| Feature | Bithumb | Westpac |
|---|---|---|
| Min. Deposit | $500 | $50 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | No |
Platforms
Bithumb offers MT4, MT5, cTrader, while Westpac 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 | Westpac |
|---|---|---|
| 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 | Desktop,Mac,iPhone,Android,WEB |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Bithumb and Westpac compare. Westpac runs regular live webinars; Bithumb does not. Westpac has a video library; Bithumb does not. Westpac publishes daily market commentary; Bithumb does not. Westpac integrates third-party research tools (Trading Central, Autochartist); Bithumb does not. Westpac maintains an archive of past webinars for on-demand viewing. Westpac scores higher overall in education and research.
| Feature | Bithumb | Westpac |
|---|---|---|
| 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 Westpac supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Bithumb | Westpac |
|---|---|---|
| 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 Westpac 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 | Westpac |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |