Forex.com vs BitMex

Forex.com vs BitMEX Comparison Table 2023
Forex.com Review 2023	BitMEX Review 2023
Review 4.5 Forex.com is #1 in our broker rankings.	Review 3.2
Traders from US accepted	Traders from US not accepted See available crypto brokers
Forex.com boasts a global reputation with multiple awards and 20+ years experience. Regulated in the US, EU, UK and Canada they provide a huge range of markets, not just forex, and offer competitive fees on a cutting-edge platform. The brand also provides a suite of additional tools, from performance analytics and SMART Signals to advanced charts and strategy builders.	BitMEX is a crypto exchange and derivatives trading platform, launched in 2014, that offers low fees and starting deposit for a fiat–crypto onramp, spot trading, and crypto derivatives including perpetual contracts, traditional futures and quanto futures. BitMEX offers amongst the largest market liquidity of any cryptocurrency exchange.
Bonus Offer
Active Trader Program With A 15% Reduction In Costs	Fee reduction for BMEX token holders
Comment by Reviewer
"Forex.com is an excellent broker for forex traders with over 80 currency pairs, tight spreads, low commissions and powerful platforms. The brand is also heavily regulated while its parent company is listed on the NASDAQ, giving it a high trust score."	"Active traders who want access to a good range of crypto derivatives will be intrigued by BitMEX's offering. The 100x leverage on Bitcoin is also higher than many alternatives."
Pros
Respected and trusted broker overseen by tier-one regulators including the US SEC Excellent trading tools including Trading Central, SMART Signals and MetaTrader 4 Industry-leading pricing on popular forex assets starting from 0.0 pips Beginner-friendly web platform and mobile app Up to 15% cashback rebates for active traders Fast execution speed of less than 1 second Free demo account for prospective traders VPS hosting for automated strategies Top-rated forex and CFD broker Low minimum deposit of $100	Great customizability using widgets within the platform, making it easier to see exactly what you want A platform solely designed for crypto makes it more streamlined than multi-asset terminals Access to a considerable amount of information directly from BitMEX, freely available on their site The opportunity to talk to investors from all over the world using the inbuilt chat functionality High levels of security, ensuring that trading on the exchange is relatively secure 24/7 A range of different cryptocurrencies are available, including Bitcoin, Ethereum and Litecoin Earn interest on HODL-ing tokens – Tether and Bitcoin Highly leveraged crypto trading with rates up to 1:100 Insurance fund to avoid liquidation plus python API
Cons
Investment offering varies between countries $15 monthly inactivity fee No copy trading platform	BitMEX is focused on active traders, with fewer tools and features aimed at crypto newbies The interface is not as new, stylish or innovative as other options on the market Withdrawals are only carried out at a set time of day Legal dispute with US regulators resulted in fines Only Bitcoin is accepted for free withdrawals Range of crypto assets not as wide as rivals'
Awards
Best CFD Broker 2022 - Rankia Best HNW Service 2022 - Dubai Forex Expo Best US Broker 2020 - DayTrading.com Best US Broker 2019 - DayTrading.com Runner-Up - Best Forex Broker 2019 - DayTrading.com
Instruments
Forex, Spot Metals	Crypto
Demo Account
Yes	Yes
Minimum Deposit
$100	$0.01
Trading Platforms
MT4 MT5 TradingView eSignal AutoChartist TradingCentral	AlgoTrader TradingView
Payment Methods
Debit Card, ACH Transfer, Wire Transfer	Bitcoin Payments Ethereum Payments
Minimum Trade
0.01 Lots	Variable
Regulator
NFA, CFTC	Republic of Seychelles
Margin Trading
Yes	Yes
STP Account
Yes	No
ECN Account
Yes	No
DMA Account
Yes	No
MAM Account
No	No
PAMM Account
No	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
Yes	No
Robo Advisor
No	No
Negative Balance Protection
Yes	No
Market Maker
No	Yes
P2P Trading
No	Yes
Spot Trading
Yes	Yes
Mobile Apps
iOS & Android	iOS & Android
Auto Trading
Expert Advisors (EAs) on MetaTrader	BitMEX Market Maker, BotVS, and via API
Copy Trading
No	No
Social Trading
No	Yes
Trade Signals
SMART Signals
VPS Hosting
Yes	No
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
$15
Islamic Account
Yes	No
Account Currencies
USD EUR GBP CAD AUD JPY CHF
Stock Exchanges
Australian Securities Exchange Borsa Italiana CAC 40 Index France DAX GER 40 Index Dow Jones Euronext FTSE UK Index Hang Seng IBEX 35 Japan Exchange Group Nasdaq S&P 500 SIX Swiss Exchange
Commodities
Cocoa Coffee Cotton Gold Livestock Natural Gas Oil Silver Soybeans Sugar Wheat
Forex Trading
Forex.com is a leading FX broker. The brand offers a wide range of currency pairs and some of the lowest fees in the industry. Spreads on the EUR/USD come in as low as 0.0 with a $7 commission per $100k.	Forex trading not offered
Forex App
Running alongside the Advanced and WebTrader Platforms, the Forex.com mobile app offers full trading capabilities on a user-friendly, compact platform. Integrated news and analysis, plus real time trade alerts, are two mobile specific features that set this app above the crowd.
GBPUSD Spread
1.0
EURUSD Spread
1.0
EURGBP Spread
1.0
Assets
80+
Cryptocurrency
Crypto trading not offered	BitMEX offer the largest liquidity crypto trading environment anywhere. Contracts start from just $1. The firm is also compliant with global AML guidance and the platform offers cutting-edge crypto exchange and hedging.
Spread
BTC 1.4%, ETH 2%	-0.01% maker, 0.075% taker
Coins
BTC BCH ETH LTC XRP	BCH BTC ETH LTC XRP TRON EOS XMR ADA DOGE BNB DOT SOL SHIB AVAX GAL NEAR SUSHI AXS
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	Yes
Auto Market Maker
No	Yes

Review	Review
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