To find the top fx brokers, the team here at ForexBrokers.com collected over 2,200 data points during a several month review of the forex industry. In this fx broker comparison, we will compare Bitfinex vs Coinbase.
To assess both of these forex brokers, we will begin with cost. Comparing two fx brokers on cost is not easy. First, not every broker publicizes their average spreads. And, for the brokers that do publish their data, the formulas used to calculate average spreads can vary. Furthermore, the currency pair you are trading can impact cost, as well as the execution policies of the broker. Dealing desk or no dealing desk? The list goes on and on. To make comparing cost easy, we have a star rating that takes everything into account. Bitfinex's score is 4.00 stars versus Coinbase's 2.50 stars.
Next to commissions and fees, regulation and currency availability are important to take into consideration. You want to trust and have confidence the forex broker you choose. Neither are regulated in a major hub. Neither Bitfinex and Coinbase are publicly traded companies. And, when it comes to total currency pairs available to trade, a quick comparison is helpful. Both Bitfinex and Coinbase provide traders with access to total currency pairs.
To round out our comparison of Bitfinex vs Coinbase, let's look at the tools and features most used by forex traders. For trading platforms, traders are all familiar with MetaTrader. Neither Bitfinex and Coinbase offer Meta Trader. With a platform picked out, looking at charts is a must so they should be of high-quality. As part of our research, we count the number of drawing tools and total technical indicators available. Both Bitfinex and Coinbase provide clients with access to total charting tools. Both brokers offer clients access to the same number of indicators (eg, moving averages), .