Bitfinex vs Interactive Brokers

Bitfinex vs Interactive Brokers Comparison Table 2023
Bitfinex Review 2023	Interactive Brokers Review 2023
Review 3.9	Review 4.3 Interactive Brokers is #13 in our CFD broker rankings.
Traders from US not accepted See available crypto brokers	Traders from US accepted
Bitfinex is a crypto trading firm with a powerful proprietary platform and a good range of digital assets. With 180+ cryptocurrencies and 430+ market pairs traded via spot or perpetual swap derivatives, this is a flexible exchange with plenty of opportunities for serious crypto traders. Bitfinex also offers decent leverage up to 1:10.	Interactive Brokers is a leading global brokerage that provides access to a comprehensive offering of stocks as well as forex, futures, metals, bonds and cryptos. The firm has over 40 years experience in the online trading industry and is heavily regulated by SEC, FCA, IIROC, and SFC. Traders use the proprietary Trader Workstation and can access powerful tools and data feeds as well as comprehensive educational resources.
Bonus Offer
Referral codes
Comment by Reviewer
"Experienced crypto traders who want to trade spot or derivatives in high volumes will find a good match in Bitfinex."	"Serious traders seeking a regulated broker with unparalleled access to stock markets should look at IB. Their range of stocks can't be beaten."
Pros
Excellent selection of cryptos with hundreds of tokens including Bitcoin Perpetual swap derivatives trade with up to 1:10 leverage Powerful in-house terminal is compatible with MT4 and MT5 BitGo instant for zero confirmations on instant Bitcoin transactions Reliable multilingual customer support Staking program (ie: ETH staking) API Python 3 key Web socket Quandl data	Gives retail traders unmatched access to global stocks with tens of thousands available from 100+ market centres in 24 countries Direct market access, including to the FTSE 100 index, the CAC 40 and Germany’s DAX 40 You can trade from multiple account types, such as IRA, single registered, joint Proprietary workstation comes with powerful tools and charting capabilities Regulated by some of the world's most reputable bodies including in US You have a reliable real-time market data feed, that rarely goes offline Diverse payment options and account currencies Commission reimbursement with Toggle AI Low commissions and tight spreads
Cons
Not as user-friendly as some competitors History of security breaches raises concerns Lengthy verification process can take up to 8 weeks	Due to the pricing structure, this firm can be more expensive for aggressive traders who trade over $100,000 shares a day Platform and web interface are complex and difficult for beginners to pick up Accessing products like CFDs is not straightforward compared to competitors The TWS platform falls short in terms of technical charting Mediocre customer support
Instruments
Cryptos	Stocks, Futures, E-minis, Options, CFD, Forex, Crypto, Exchange Linked Warrants
Demo Account
Yes	Yes
Minimum Deposit
$10,000	$0
Trading Platforms
MT4 MT5 AlgoTrader	AlgoTrader OmniTrader eSignal TradingCentral
Payment Methods
Bitcoin Payments Credit Card Debit Card Ethereum Payments Mastercard Simplex UnionPay Visa Wire Transfer	ACH Transfer Apple Pay Automated Customer Account Transfer Service Cheque Credit Card Google Wallet JCB Card Mastercard Payoneer Samsung Pay Wire Transfer
Minimum Trade
$10 - $25	$100
Regulator
	SEC, FCA, IIROC, SFC
Margin Trading
Yes	Yes
Margin Rate
	1.55 - 2.59%
STP Account
No	Yes
ECN Account
No	No
DMA Account
No	Yes
MAM Account
No	Yes
PAMM Account
No	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	Yes
Robo Advisor
No	No
Negative Balance Protection
No	No
Market Maker
No	No
P2P Trading
Yes	No
Spot Trading
Yes	Yes
Mobile Apps
iOS, Android	iOS, Android and Windows
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
	$0
Islamic Account
No	No
Account Currencies
USD EUR GBP JPY	USD EUR GBP CAD AUD INR JPY SEK NOK DKK CHF HUF
Stock Exchanges
	Borsa Italiana CAC 40 Index France Chicago Mercantile Exchange Euronext IBEX 35 Japan Exchange Group Korean Stock Exchange London Metal Exchange London Stock Exchange Nasdaq Nasdaq Nordic & Baltics New York Stock Exchange Russell 2000 Shenzhen Stock Exchange Toronto Stock Exchange
Commodities
	Aluminium Gold Lead Natural Gas Precious Metals Soybeans Zinc
CFD Trading
CFD trading not offered	Trade leveraged CFDs on thousands of global stocks as well as 13 global indices, 80+ forex pairs, and London gold and silver. Leverage is available in line with regulatory requirements.
Leverage
	1:50
FTSE Spread
	0.005% (£1 Min)
GBPUSD Spread
	Commission (.20 pts x trade value)
Oil Spread
	N/A
Stocks Spread
	From 0.003 per share, variable
Forex Trading
Forex trading not offered	Trade 85 major, minor and exotic forex pairs via CFDs on IB's FXTrader platform with tight spreads and low commissions, or trade forex on the spot market. They offer more FX assets than almost any competitor.
GBPUSD Spread
	Commission (.20 pts x trade value)
EURUSD Spread
	Commission (.20 pts x trade value)
EURGBP Spread
	Commission (.20 pts x trade value)
Assets
	70+
Cryptocurrency
Bitfinex offers clients trading on a superb range of crypto assets, including more than 180 tokens. Perpetual swap trading is supported in addition to spot, giving traders access to margin trading on crypto assets with up to 1:10 leverage.	Buy and hold Bitcoin, Bitcoin Cash, Ethereum and Litecoin with low commissions of 0.12%–0.18%. Fees are low and the broker offers a secure environment to invest in digital assets.
Spread
Taker (0.2% to 0.055%) and maker (0.1% to 0.0%)	Variable
Coins
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	BTC LTC ETH XRP
Crypto Lending
Yes	No
Crypto Mining
No	No
Crypto Staking
Yes	No
Auto Market Maker
No	No

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