Compare FXGiants vs Libertex
What is FXGiants? What is Libertex?
FXGiants is an online forex and CFD broker that was founded in 2015 and is regulated by the UK Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC). FXGiants offers over 200 trading instruments, including forex, metals, indices, commodities, futures, and shares.
Libertex is an online forex and CFD broker that was founded in 1997 and is regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Financial Services Commission (FSC) of St. Vincent and the Grenadines. Libertex offers over 250 trading instruments, including forex, cryptocurrencies, stocks, indices, commodities, metals, and ETFs.
FXGiants vs Libertex Regulation Comparison
Both FXGiants and Libertex are regulated by reputable authorities in their respective jurisdictions. FXGiants holds licenses from the FCA in the UK and the ASIC in Australia, which are among the most stringent regulators in the world. Libertex holds licenses from the CySEC in Cyprus and the FSC in St. Vincent and the Grenadines, which are also well-known regulators in the forex industry.
However, FXGiants has an edge over Libertex in terms of regulation, as it offers more protection to its clients. FXGiants is a member of the Financial Services Compensation Scheme (FSCS) in the UK, which covers up to £85,000 per client in case of broker insolvency. Libertex does not offer any similar compensation scheme to its clients.
FXGiants vs Libertex Trading Assets Comparison
Both FXGiants and Libertex offer a wide range of trading assets to their clients, covering various markets and sectors. However, Libertex has a slight advantage over FXGiants in terms of the number and diversity of trading instruments. Libertex offers over 250 trading instruments, while FXGiants offers over 200 trading instruments.
Libertex also offers more options for cryptocurrency trading than FXGiants. Libertex allows its clients to trade 50 cryptocurrencies, including Bitcoin, Ethereum, Ripple, Litecoin, and more. FXGiants only offers 5 cryptocurrencies for trading: Bitcoin, Ethereum, Litecoin, Ripple, and Bitcoin Cash.
FXGiants vs Libertex Trading Fees Comparison
FXGiants charges variable spreads on its trading instruments, which depend on the market conditions and the account type of the client. FXGiants offers 6 account types: Micro, Premium, Zero Fixed Spread, Zero Spread STP/ECN, Absolute Zero STP/ECN, and Absolute Zero Plus STP/ECN. The spreads vary from as low as 0 pips on some account types to as high as 2.2 pips on others. FXGiants also charges commissions on some account types, ranging from $6 to $18 per lot round turn.
Libertex charges zero spreads on its trading instruments but applies a commission fee on each trade instead. The commission fee varies depending on the instrument and the amount of leverage used by the client. The commission fee can range from as low as 0.03% to as high as 2.5% per trad
FXGiants vs Libertex Account Types Comparison
FXGiants offers 6 account types to its clients: Micro, Premium, Zero Fixed Spread, Zero Spread STP/ECN, Absolute Zero STP/ECN, and Absolute Zero Plus STP/ECN. Each account type has different features and requirements, such as minimum deposit, maximum leverage, spread type, commission fee, execution type, etc. The minimum deposit for opening an account with FXGiants ranges from $100 to $500 depending on the account type.
Libertex offers only one account type to its clients: Standard. The Standard account has no minimum deposit requirement and allows clients to trade all the available instruments with variable leverage up to 1:30 for retail clients and up to 1:600 for professional clients. The Standard account also provides access to educational materials, market analysis tools, customer support services, etc.
FXGiants vs Libertex Deposit Options Comparison
Both FXGiants and Libertex offer multiple deposit and withdrawal options to their clients, including bank wire transfer, credit/debit cards (Visa/Mastercard), e-wallets (Skrill, Neteller, etc), and local payment methods (Fasapay, NganLuong, etc) . However, Libertex has more options than FXGiants, as it also accepts cryptocurrencies (Bitcoin, Ethereum, etc) and online payment systems (PayPal, Sofort, Trustly, etc) as deposit and withdrawal methods.
Both FXGiants and Libertex do not charge any fees for deposits and withdrawals, except for bank wire transfers, which may incur some fees from the banks involved . However, the processing time for deposits and withdrawals may vary depending on the method used and the broker’s policies. FXGiants claims to process deposits and withdrawals within 24 hours on business days, while Libertex claims to process deposits instantly and withdrawals within 1-5 business days.
FXGiants vs Libertex Trading Platforms Comparison
Both FXGiants and Libertex offer the popular MetaTrader 4 (MT4) platform as their main trading platform. MT4 is a widely used platform that offers advanced trading features, such as multiple chart types, technical indicators, trading signals, automated trading, etc . MT4 is available in desktop, web, and mobile versions for both brokers.
However, Libertex also offers its own proprietary platform called Libertex Web Platform. This platform is a web-based platform that can be accessed from any browser without downloading or installing any software. The Libertex Web Platform offers a simple and user-friendly interface that allows clients to trade with ease and convenience. The platform also provides access to market news, analysis tools, trading signals, etc.
FXGiants vs Libertex Analytical Tools Comparison
Both FXGiants and Libertex provide their clients with various analytical tools to help them make informed trading decisions. These tools include market news, economic calendar, trading signals, technical analysis tools, etc . However, Libertex has more tools than FXGiants, as it also offers market sentiment analysis, trading ideas, video tutorials, webinars, etc.
FXGiants vs Libertex. Which forex broker is better? Which forex broker should you choose?
There is no definitive answer to which forex broker is better or which one you should choose, as different brokers may suit different traders depending on their preferences, goals, and strategies. However, you can consider some factors that may help you make a decision.
- If you value regulation and security, you may prefer FXGiants over Libertex, as FXGiants is regulated by more reputable authorities and offers more protection to its clients through the FSCS scheme.
- If you value diversity and flexibility, you may prefer Libertex over FXGiants, as Libertex offers more trading instruments, especially cryptocurrencies, and more deposit and withdrawal options, including cryptocurrencies and online payment systems.
- If you value simplicity and convenience, you may prefer Libertex over FXGiants, as Libertex offers only one account type with no minimum deposit requirement and a web-based platform that can be accessed from any browser.
- If you value low-cost and high-performance, you may prefer FXGiants over Libertex, as FXGiants offers variable spreads that can be as low as 0 pips on some account types and STP/ECN execution that ensures fast and reliable order execution.
Ultimately, the choice is yours to make based on your own research and experience. You can also try out both brokers by opening demo accounts and testing their services before committing to a real account.
