This section discusses the top features of Bitfinex.com, such as its platforms, mobile app, security, and other related services.
Exchange: A standard order book to exchange between different cryptos effortlessly.
Margin Trading: Use leverage up to 10 times. You can manually choose or allow the platform to calculate the best option. Users trade with peer-to-peer margin funding.
Margin Funding: Funding is used with assets or currencies at a chosen rate and duration. Auto-renew as desired before expiry.
Derivatives: Mitigate risk by trading Derivative Products on their Derivatives Site—also, trade Derivative Products using the USDt0 token, obtained by converting USDt.
Advanced Order Types: This feature offers a Scale Orders tool that automatically generates multiple limit orders at a determined price range. It allows users to control the distribution of the orders without manually entering numerous orders at the same time.
Paper Trading: Emulate a master trading account using a simulated environment without depositing real funds. Great for backtesting strategies or testing new tactics.
Honey Framework: The official Bitfinex Honey Framework UI uses algorithms to execute orders, watch the market with various widgets, and build a strategy with your code. It is open-source software.
There are no known licenses or regulations for Bitfinex, meaning the company is unregulated.
Bitfinex is not available for citizens in the United States, Iraq, Ethiopia, Iran, Syria, Uganda, and Yemen.
Bitfinex is a complex platform that is not the best for beginners. Their advanced tools require knowledge of coding languages such as Node.JS. The amount of data available may also be overwhelming to novices, causing them to make poor decisions.
However, advanced users looking for customizable tools may find opportunities with Bitfinex. The market data they provide lets you see the market from all angles, including advanced metrics of your progress through paid features.
Bitfinex has a rocky past with several breaches and stolen crypto, prompting them to offer several security options. They also secure their holdings in a cold wallet and not on their servers to avoid future breaches.
Bitfinex is not regulated, although it is a popular platform with those who use advanced tools and programming.
Overall, use Bitfinex at your own discretion, as the company has high fees despite its unique platform and features.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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Risk Warning: Trading Forex and CFDs carries a high level of risk to
your capital and you should only trade with money you can afford to
lose. Trading Derivatives may not be suitable for all investors, so
please ensure that you fully understand the risks involved and seek
independent advice if necessary.