Bitfinex Review for 2019

Bitfinex Rated 3/5
Bitfinex have a low rating. We recommend you look at one of their alternative brokers.
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Bitfinex Introduction

When trading in the financial markets it can be very time consuming to find a broker that meets your needs.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. In our review of Bitfinex we break down the pros and cons. What Bitfinex are able to offer, what countries Bitfinex are available in. Who Bitfinex are regulated by and more.

Having a reliable and capable broker is crucial to your success in online trading. Make sure that your broker is not fake or unreliable to avoid losing your investment. Ensure that your needs fit the profile of your broker as well, in order for you to have a good working profitable relationship.

Benefits of trading with Bitfinex

  • Regulated by: FSP (Financial Services Provider)
  • Headquarters Country : New Zealand 
  • Foundation year 2015
  • Min Deposit Fee : varies
  • Used by over 10,000 traders
  • Bitfinex is not available in the following countries :
Open Bitfinex's Website

Your capital is at risk

At the bottom of this review you can also learn about some pretty good alternatives to Bitfinex

With this review we hope to help you see if Bitfinex is a good fit for you.

It is a common myth that online trading is confusing. It is only difficult for people who have not done the research. In this article, you will learn important information regarding Bitfinex that will help you get off to a good start in the world of online trading.

Bitfinex Review Table of Contents

Bitfinex what you should know

Bitfinex offer four ways to trade: Forex trading, Spread Betting, Social trading, .

With Bitfinex you will need a minimum deposit of $varies. You can sign up for a demo account to acquaint yourself with Bitfinex platform.

Bitfinex are able to accommodate various levels of traders whether you are experienced or a beginner.


Are Bitfinex safe?

When choosing a broker like Bitfinex the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.

Established in 2015, and in operation for 4 years Bitfinex have a head office in New Zealand .

Bitfinex is regulated. This means Bitfinex are supervised by and is checked for conduct by the FSP (Financial Services Provider) regulatory bodies.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to Bitfinex, this will be honored. If Bitfinex violate any regulatory rules their regulated status could be stripped.

Any payments funded to Bitfinex accounts by traders are held in a segregated bank account.

For added security Bitfinex use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Try creating two accounts when you are working with Bitfinex. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.

Open a demo account Visit Bitfinex

Your capital is at risk

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

What we like about Bitfinex

  • Used by over 10,000 traders
  • Established in 2015
  • Regulated by FSP (Financial Services Provider)
  • Min. deposit from $varies

What we don't like about Bitfinex

Bitfinex General Fees

  • Bitfinex withdrawal fees varies on payment method
  • Bitfinex does charge inactivity fees

Bitfinex Commissions

  • Bitfinex does charge commission on CFD shares.

What can you trade with Bitfinex?

You can trade a wide variety of instruments with Bitfinex over 55 instruments infact.

If you are looking at trading currency pairs Bitfinex offer over currency pairs.

Compare Bitfinex with eToro and XTB below.

Your capital is at risk

FX / Currencies bitfinex eToro XTB
Forex pairs offered 50 50
Major forex pairs Yes Yes Yes
Minor forex pairs No Yes Yes
Exotic forex pairs No Yes Yes
Cryptocurrencies Yes Yes Yes
Commodity CFDs Bitfinex eToro XTB
Commodities offered 0 0 21
Metals Yes Yes Yes
Energies Yes Yes Yes
Agricultural Yes Yes Yes
Indiced & Stock CFDs Bitfinex eToro XTB
Stocks offered 957 1696
UK Shares No Yes Yes
US Shares Yes Yes Yes
German Shares No Yes Yes
Japanese Shares No Yes Yes
bitfinex
Instruments
eToro
Instruments
XTB
Instruments

Trading on Bitfinex web platforms and other applications

Bitfinex offer a user-friendly custom trading platform, available as both a downloadable program or as a browser based WebTrader. If you are looking for a MetaTrader broker, see our comparison of MT4 brokers here.

Bitfinex also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you’re on the move.

See bitfinex's platforms

Bitfinex Trading benefits :

  • Low min deposit

Bitfinex Trading Accounts Offered :

  • Islamic account

Can I try Bitfinex before I buy?

Bitfinex offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade

What funding methods do Bitfinex accept?

Bitfinex offer the below funding payment methods. learn more about Bitfinex

How can I start trading with Bitfinex?

When opening a trading account with Bitfinex, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on Bitfinex trading platforms here.

Performing trades with Bitfinex

Bitfinex allow you to execute a minimum of trade of varies. This may vary depending on the account you open. Bitfinex allow you to execute a maxium trade of varies.

As a market maker, Bitfinex may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically have larger capital and minimum trade requirements. Market makers typically have lower minimum deposit, smaller minimum trades requirements and no commission on trades.

As with most brokers, margin requirements do vary depending on the trader, accounts and instruments.

Education resources at Bitfinex

To trade effectively with Bitfinex, it's important to get a have a good understanding of the XTB trading tools and the markets.

Bitfinex offer a good selection of educational resources. Spend some time reading up on how the markets and trading works, making active trades, active trading times, and managing risk.

Having an analytical approach may be a good way to approach trading with Bitfinex.

Take time to look around the Bitfinex platforms and train yourself to think more systematically and logically about the markets. It's a new skill-set for many, but it is what the market requires of you.

Support at Bitfinex

Bitfinex support a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian

What you will need to open an account with Bitfinex

As Bitfinex is regulated by FSP (Financial Services Provider), every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You'll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 10 minutes or so to complete the account opening process.

While you might be able to explore Bitfinex's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with Bitfinex you can visit their website here.

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from https://www.bitfinex.com/ on 12th August 2018.

Bitfinex not quite right?

Check out these Bitfinex Alternatives

We have spent years researching the best alternatives to Bitfinex. Click the links below to learn more.

If you feel some of the above Bitfinex are not quiet what you are looking for or perhaps you would just like to see some alternatives. See our highly rated list of Bitfinex alternatives below.

Related Bitfinex Comparisons

If you would like to see how Bitfinex stands up against other brokers you can read some of our Bitfinex comparisons below. We compare side by side some of our top rated Bitfinex versus comparisons. Read some indepth Bitfinex VS pages below.

BITFINEX Frequently Asked Questions

Can I try Bitfinex before I buy?

Bitfinex do not offer a demo account so it looks like you will have to sign up for at least a trial period. Learn more here

What funding methods do Bitfinex accept?

Bitfinex offer the following funding payment methods among other payment methods.
Learn more here

Your capital is at risk

How can I start trading with Bitfinex?

When opening a trading account with Bitfinex, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on Bitfinex trading platforms here.

Is my money safe with Bitfinex?

Bitfinex is regulated by FSP (Financial Services Provider). One of the most important criteria for traders when choosing a broker like Bitfinex is the regulatory body and regulatory status of the broker. Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to Bitfinex, this will be honored. If they violate any regulatory rules their regulated status can be stripped.