Coinbase
forexite
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Overview
Coinbase was founded in 1989 and is headquartered in United States, while forexite was established in 2010 and is based in Switzerland. Both brokers are regulated by Financial Conduct Authority (FCA), among other authorities. Coinbase serves 10,000+ clients worldwide; forexite has 10,000+. The minimum deposit is $100 at Coinbase and $250 at forexite.
| Feature | Coinbase | forexite |
|---|---|---|
| Min. Deposit | $100 | $250 |
| Regulation | Financial Conduct Authority (FCA) | 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-F229 |
| Founded | 1989 | 2010 |
| Country | United States | Switzerland |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Coinbase and forexite, directly affecting your bottom line as a trader. Coinbase has a lower barrier to entry with a minimum deposit of $100 (vs $250 at forexite). forexite charges withdrawal fees while Coinbase does not, giving Coinbase an edge for frequent withdrawers. forexite applies inactivity fees on dormant accounts; Coinbase does not. Overall, Coinbase scores higher on fees in our assessment.
| Feature | Coinbase | forexite |
|---|---|---|
| Min. Deposit | $100 | $250 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | Yes |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
Coinbase offers MT4, MT5, cTrader, while forexite 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 | Coinbase | forexite |
|---|---|---|
| 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, | 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 Coinbase and forexite compare. forexite runs regular live webinars; Coinbase does not. Both provide video tutorials. forexite publishes daily market commentary; Coinbase does not. Both integrate third-party research tools. forexite maintains an archive of past webinars for on-demand viewing. forexite scores higher overall in education and research.
| Feature | Coinbase | forexite |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | Yes | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Coinbase accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while forexite supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). forexite uniquely supports PayPal and Skrill and Neteller among the two brokers. forexite scores higher on deposit and withdrawal flexibility.
| Feature | Coinbase | forexite |
|---|---|---|
| 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 Coinbase and forexite offer live chat support. Both provide phone support. Email support is available at both brokers. Coinbase supports 2 languages and forexite supports 8, giving forexite broader global reach. Both brokers are comparable on support quality.
| Feature | Coinbase | forexite |
|---|---|---|
| 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 |