Forex.com vs BitMex
Forex.com Review 2023 | BitMEX Review 2023 |
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4.5
Forex.com is #1 in our broker rankings. |
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3.2
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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 | |
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Cons | |
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Awards | |
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Instruments | |
Forex, Spot Metals | Crypto |
Demo Account | |
Yes | Yes |
Minimum Deposit | |
$100 | $0.01 |
Trading Platforms | |
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Payment Methods | |
Debit Card, ACH Transfer, Wire Transfer | |
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 | |
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Stock Exchanges | |
Commodities | |
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. |
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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 | |
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Crypto Lending | |
No | No |
Crypto Mining | |
No | No |
Crypto Staking | |
No | Yes |
Auto Market Maker | |
No | Yes |
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More Comparisons | |
Forex.com vs |
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