OKX, a reputable cryptocurrency company founded in 2017, provides a wide range of products, including mining pools and NFTs. Traders have access to more than 400 crypto tokens through OTC trading and derivatives. The firm features an outstanding web platform, developer tools, and dynamic charts, making it a favoured option for technical traders.
Founded in 2012, Bitfinex, headquartered in Hong Kong, is a significant force in the cryptocurrency market. It offers a robust proprietary platform with access to 180 cryptocurrencies and over 430 market pairs for spot and perpetual swaps trading. With recent additions such as new payment options, reduced entry barriers, and innovative products like crypto futures, Bitfinex is drawing an even broader spectrum of active traders.
Pros
A vast array of blockchain products is available, featuring DeFi services, NFTs, and games, along with over 400 established and emerging cryptocurrencies.
In 2025, OKX obtained a MiFID II licence, allowing it to offer regulated derivatives across Europe, ensuring peace of mind for traders.
Access a diverse array of trading instruments, such as futures, options, and perpetual swaps, through both mobile and desktop platforms.
OKX enjoys a strong reputation, serving 20 million clients worldwide and holding a licence from the Dubai Virtual Assets Regulatory Authority.
Traders can obtain historical market information for both spot and futures markets, including OHLC data, aggregate trade details, and trading records.
The platform offers an extensive developer lab and access to a marketplace of pre-built trading bots equipped with automatic arbitrage functionalities.
Active traders benefit from competitive rates, with maker fees starting at 0.02% and taker fees at 0.05%.
Crypto staking and pools offer competitive mining fees starting at 2%.
While initially challenging, the Bitfinex platform excels for experienced traders. It offers an extensive charting suite with 12 timeframes, along with margin trading and a range of order types.
Bitfinex offers superb liquidity across its cryptocurrency trading pairs, minimising slippage and ensuring efficient order execution. This reliability makes it a trustworthy choice for traders, especially when handling large volumes.
Following an expansion of its offerings, Bitfinex now provides access to more than 180 cryptocurrencies. This includes major coins like Bitcoin and Ethereum, as well as volatile altcoins that might attract traders.
Bitfinex is ideal for algorithmic traders, offering automated trading via its Honey terminal and API. This setup allows traders to efficiently programme their strategies.
Cons
The firm has minimal regulatory oversight, which is typical for crypto brokers.
Testing revealed that customer support quality varied.
The broker's platform and features might feel intricate for beginners.
Although Bitfinex has improved security by implementing two-factor authentication, it remains haunted by a persistent history of significant security breaches and regulatory penalties.
Bitfinex, similar to numerous crypto exchanges, functions within a regulatory grey area, potentially increasing risks for traders. This contrasts with more reputable trading platforms such as eToro.
Bitfinex no longer requires a $10,000 minimum deposit, thus becoming more accessible to new traders. However, its fee structure is complex. Fees depend on factors like trading volume and token holdings, which may cause confusion.
Testing indicates insufficient support, particularly for active traders. Email response times are sluggish, taking up to 12 hours. The user experience is also disappointing due to the lack of integrated live chat within the trading platform.
For traders and investors seeking a straightforward approach, platforms such as eToro, Gemini, and Kraken offer excellent choices.
Bitfinex offers a mobile app replicating its web platform's full features, enabling smooth trading on the go. It has a Lite Mode for a simplified experience, providing a user-friendly interface for trading, staking, and lending cryptocurrencies with just a few taps. Available on both Apple's App Store and Google's Play Store, user ratings indicate a better experience on iOS devices.
iOS App Rating
4.6
4
Android App Rating
4.3
3.5
Margin Trading
Yes
Yes
MetaTrader 4
No
No
MetaTrader 5
No
No
cTrader
No
No
AlgoTrader
Yes
No
OmniTrader
No
No
TradingView
No
No
Autochartist
No
No
eSignal
No
No
Trading Central
No
No
STP Account
No
No
ECN Account
No
No
DMA Account
No
No
MAM Account
No
No
PAMM Account
No
No
LAMM Account
No
No
Demat Account
No
No
AI / Machine Learning
No
No
Robo Advisor
No
No
Negative Balance Protection
No
No
Market Maker
No
No
P2P Trading
Yes
Yes
Spot Trading
Yes
Yes
Auto Trading
Yes
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
$5
Islamic Account
No
No
Account Currencies
USD
EUR
GBP
INR
JPY
SGD
RUB
AED
SAR
USD
EUR
GBP
JPY
TRY
Cryptocurrency
OKX provides an excellent range of over 400 tokens, such as Bitcoin and Ripple. Traders can engage in buying and selling tokens or engage in crypto trading on margin through derivatives like perpetual swaps, options, and futures. The platform is distinguished by its competitive fees, wide token selection, and rapid transaction processing.
Bitfinex offers a wide range of crypto assets, featuring more than 180 tokens. Besides spot trading, the platform allows perpetual swaps, enabling traders to use up to 1:10 leverage on crypto assets. With tokens regularly added and removed, Bitfinex presents varied opportunities for active participation in the evolving cryptocurrency market.
