Bitfinex
OANDA
VS
Higher Rated
OANDA
Capital at risk · T&Cs apply
In comparing Bitfinex and OANDA, the primary distinction lies in their market focus and user appeal. Bitfinex, headquartered in Hong Kong and regulated by the FSA, caters to experienced cryptocurrency traders who value deep liquidity and advanced trading features, though it requires a significant $10,000 minimum deposit. Conversely, OANDA, based in New York and regulated by multiple authorities including the FCA and CFTC, appeals to forex and CFD traders seeking a more accessible platform with no minimum deposit requirement and broader regulatory oversight. While Bitfinex offers margin trading with up to 10x leverage, OANDA provides a more extensive range of markets, making it suitable for traders prioritising regulatory compliance and diverse trading options.
Bitfinex
OANDA
| Bitfinex | OANDA | |
|---|---|---|
| BrokerRank Score | 2.9/5 | 4.1/5 ✓ |
| Min. Deposit | $10000 | $0 ✓ |
| Spread from | 0.1 pips ✓ | 0.6 pips |
| Max Leverage | 1:10 | 1:50 ✓ |
| Regulation | FSA | FCA, CFTC, ASIC ✓ |
| Platforms | Proprietary Web, Proprietary Mobile | MT4, Proprietary Web, Proprietary Mobile |
OANDA is the better choice overall, scoring 4.1/5 vs 2.9/5 on BrokerRank's independent rating. On fees, Bitfinex offers lower spreads (0.1 pips).
See full side-by-side comparison belowBitfinex
OANDA
WinnerBitfinex
OANDA
Bitfinex
2.9/5
Choose Bitfinex if you want…
OANDA
4.1/5
Choose OANDA if you want…
OANDA scores higher overall on our independent rating system. Bitfinex holds a 2.9/5 rating vs OANDA's 4.1/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
Bitfinex offers spreads from 0.1 pips, while OANDA starts at 0.6 pips. Check the fees section above for a full breakdown.
Bitfinex requires a minimum deposit of $10000. OANDA requires $0.
Bitfinex is regulated by FSA, while OANDA holds licences from FCA, CFTC, ASIC, MAS.
Bitfinex supports Proprietary Web, Proprietary Mobile. OANDA supports MT4, Proprietary Web, Proprietary Mobile.
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
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Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.