10TradeFX vs Bitfinex

10TradeFX or Bitfinex – which is better for UK traders 2024? Compare 10TradeFX and Bitfinex in this detailed breakdown of their platforms, features and fees.

10TradeFX vs Bitfinex Comparison Table 2024
10TradeFX Bitfinex
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2.8
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3.9
10TradeFX is ranked #92 among CFD brokers. Bitfinex is ranked #40 among crypto brokers.
Review
Review
10TradeFX is an offshore regulated forex and CFD broker. The brand offers MetaTrader platform integration with spreads as low as 0.1 pips. The broker offers true STP and ECN execution. The low minimum deposit, social trading and funded trader account programme makes 10TradeFX appealing to new traders. Established in 2012, Hong Kong-based Bitfinex is a formidable player in the crypto industry. It boasts a powerful proprietary platform, 180 cryptocurrencies and more than 430 market pairs available for spot or perpetual swaps derivatives trading. With new payment methods, lower entry barriers and fresh products like crypto futures, Bitfinex is attracting a wider range of active crypto traders.
Pros
  • I appreciate the flexible access to the MetaTrader 5 web and mobile platforms as well as TradingView charting and copy trading functionality
  • There are some diverse and popular asset classes on offer including forex, stocks, crypto and NFTs
  • I'm a fan of the comprehensive learning academy backed by London’s Association of Trading & Investment (ATI)
  • I like that traders can benefit from the Funded Trader program with up to $500,000 account size and 70% profit split
  • Despite a steep learning curve, the Bitfinex trading platform delivers for experienced traders, featuring a comprehensive charting package with 12 timeframes, plus margin trading and various order types.
  • Bitfinex boasts excellent liquidity across its crypto trading pairs, reducing the likelihood of slippage and ensuring efficient order execution, particularly for large volume trades, making it reliable for frequent traders.
  • After bolstering its roster, Bitfinex now offers access to over 180 cryptocurrencies, from Bitcoin and Ethereum to emerging altcoins with high levels of volatility that may appeal to traders.
  • Bitfinex is well-suited to algo traders, facilitating automated trading through its Honey terminal and API integration, enabling traders to program trading strategies efficiently.
Cons
  • I'm disappointed that the broker is regulated offshore by the Seychelles Financial Services Authority (SFSA) and is not overseen by any top-tier authority
  • I don't like how limited the shares offering is at 10TradeFX, putting them low in my rankings for market availability
  • Despite enhancing its security measures with two-factor authentication, Bitfinex still hasn’t escaped its dogged history of major security breaches and regulatory fines.
  • Like many crypto exchanges, Bitfinex operates in a regulatory grey area, which may pose risks for traders, especially compared to trusted crypto trading platforms like eToro.
  • Although Bitfinex has removed its $10,000 minimum deposit, making it more accessible to newer traders, the fee system remains complicated, with various factors such as trading volume and token holdings influencing fees, potentially leading to confusion.
  • Testing reveals inadequate support, especially for active traders, with response times of 12 hours via email and a frustrating user experience with no live chat integrated into the trading platform.
  • For occasional crypto traders and investors prioritizing simplicity, platforms like eToro, Gemini, or Kraken are superior options.
FCA Regulated
No

List of FCA Regulated Brokers

No

List of FCA Regulated Brokers

Instruments
CFDs, Forex, Stocks, Cryptos, Commodities Cryptocurrencies
Demo Account
Yes Yes
Minimum Deposit
$50 $0
Payment Methods
Minimum Trade
0.01 Lots $10
Regulator
SFSA
Mobile Apps
iOS & Android iOS & Android
Trading App

Bitfinex provides a mobile application that mirrors the full functionality of its web platform, facilitating seamless crypto trading on the move. The app also includes a Lite Mode for a simplified trading experience, presenting a more user-friendly interface for trading, staking, and lending cryptos, requiring just a few taps. The app is downloadable from both Apple’s App Store and Google’s Play Store, though app store ratings demonstrate a superior user experience on iOS devices.
iOS App Rating
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4
Android App Rating
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3.5
Margin Trading
Yes Yes
MetaTrader 4
No No
MetaTrader 5
Yes No
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
No No
Autochartist
No No
eSignal
No No
Trading Central
No No
STP Account
Yes No
ECN Account
No No
DMA Account
No No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
Yes No
Market Maker
No No
P2P Trading
No Yes
Spot Trading
No Yes
Auto Trading
Yes
Copy Trading
No No
Social Trading
No No
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$5
Islamic Account
Yes No
Account Currencies
  • USD
  • USD
  • EUR
  • GBP
  • JPY
  • TRY
Commodities
  • Silver
  • Oil
CFD
10TradeFX offers 200+ CFDs available to trade on the MT5 terminal. This is a relatively small range compared to most competitors I've reviewed. That said, the minimum deposit requirement to get started is only $50, which is great news for beginners.
Leverage
1:600
FTSE Spread
200
GBPUSD Spread<
1.5
Oil Spread
20
Stocks Spread
29
Forex
My tests uncovered an average range of 40+ major, minor and exotic currency pairs with spreads as low as 0.1 pips and leverage up to 1:500. I like that the broker offers flexible contract sizes between 0.01 and 1 lot.
Assets
39
GBPUSD Spread
1.5
EURUSD Spread
1.5
EURGBP Spread
1.5
Cryptocurrency
There are 10+ crypto instruments available, including Bitcoin, Ethereum and Litecoin. Again, this is pretty limited for active crypto traders but I am glad to see some popular altcoins available 24/7 including Polkadot and Chainlink. Bitfinex provides access to an exceptional variety of crypto assets, encompassing over 180 tokens. In addition to spot trading, the platform supports perpetual swaps trading, enabling traders to engage in margin trading on crypto assets with leverage up to 1:10. With digital tokens frequently listed and delisted, Bitfinex provides diverse opportunities to participate in the dynamic cryptocurrency market.
Spread
Variable Taker (0.2% to 0.055%) and maker (0.1% to 0.0%)
Coins
  • BTC
  • LTC
  • ETH
  • XRP
  • BTC
  • ETH
  • USDT
  • LTC
  • XRP
  • DOGE
  • ETC
  • EOS
  • LINK
  • BCHN
  • DOT
  • DASH
  • IOTA
  • SUSHI
  • NEO
  • ZEC
  • UNI
  • ADA
  • OMG
  • MDOGE
  • BSV
  • TRX
  • XTZ
  • SOL
  • XLM
  • YFI
  • USDC
  • ZRX
  • FIL
  • VET
  • XMR
  • COMP
  • BTG
  • DAI
  • LUNA
  • CEL
  • ALGO
  • ATOM
  • EGLD
  • FTT
  • AVAX
  • MKR
  • LEO
  • BTT
  • CHZ
  • BAT
  • BAND
  • QTUN
  • CLO
  • AAVE
  • XDC
  • HEZ
  • KNC
  • ZIL
  • MANA
  • BAL
  • UOS
Crypto Lending
No Yes
Crypto Mining
No No
Crypto Staking
No Yes
Auto Market Maker
No No
10TradeFX Bitfinex
Review
Review
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