Compare FP Markets vs Libertex
What is FP Markets? What is Libertex ?
FP Markets is an Australian-based online forex and CFD broker that was founded in 2005. It offers over 10,000 trading instruments across various asset classes, including forex, indices, commodities, stocks, cryptocurrencies and futures. It is regulated by the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC).
Libertex is a brand name of Forex Club, a Cyprus-based online forex and CFD broker that was founded in 1997. It offers over 300 trading instruments across various asset classes, including forex, indices, commodities, stocks, cryptocurrencies and ETFs. It is regulated by the CySEC and the Financial Services Commission (FSC) of St. Vincent and the Grenadines.
FP Markets vs Libertex Regulation Comparison
Both brokers are regulated by the CySEC, which means they have to comply with the European Union’s MiFID II directive and offer negative balance protection, investor compensation fund and segregated client accounts. However, FP Markets has an additional regulation from the ASIC, which is considered a tier-1 regulator with high standards of oversight and investor protection. Libertex has another regulation from the FSC of St. Vincent and the Grenadines, which is considered a tier-3 regulator with low standards of oversight and investor protection.
FP Markets vs Libertex Trading Assets Comparison
FP Markets offers a much wider range of trading assets than Libertex, with over 10,000 instruments compared to Libertex’s 300 instruments. FP Markets also offers more forex pairs (71 vs 51), more indices (12 vs 9), more commodities (20 vs 18), more stocks (over 10,000 vs 50), more cryptocurrencies (5 vs 4) and futures contracts (3 vs 0). Libertex only offers more ETFs (14 vs 0) than FP Markets.
FP Markets vs Libertex Trading Fees Comparison
FP Markets offers two types of accounts: Standard and Raw. The Standard account has no commission but higher spreads, while the Raw account has lower spreads but a commission of $3 per lot per side. The average spread for EUR/USD on the Standard account is 1.45 pips, while on the Raw account it is 0.09 pips.
Libertex also offers two types of accounts: Standard and Professional. The Standard account has no commission but higher spreads, while the Professional account has lower spreads but a commission of up to 50% of the spread. The average spread for EUR/USD on the Standard account is 0.6 pips, while on the Professional account it is 0.03 pips.
FP Markets vs Libertex Account Types Comparison
Both brokers offer demo accounts and Islamic accounts for Muslim traders who follow Sharia law. FP Markets requires a minimum deposit of $100 for both Standard and Raw accounts, while Libertex requires a minimum deposit of $10 for both Standard and Professional accounts. FP Markets offers leverage up to 1:500 for forex trading and up to 1:200 for other instruments, while Libertex offers leverage up to 1:30 for forex trading and up to 1:600 for other instruments.
FP Markets vs Libertex Deposit Options Comparison
Both brokers accept various deposit and withdrawal methods, including credit/debit cards, bank wire transfers, e-wallets (such as Skrill, Neteller, PayPal) and local payment methods (such as BPay, POLi). FP Markets does not charge any fees for deposits or withdrawals, while Libertex charges a withdrawal fee of up to $2 depending on the method used.
FP Markets vs Libertex Trading Platforms Comparison
Both brokers offer the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms as well as their own proprietary platforms. FP Markets’ platform is called Iress Trader, which is a web-based platform that offers advanced charting tools, market depth analysis, customisable layouts and automated trading strategies. Libertex’s platform is called Libertex Web Terminal, which is also a web-based platform that offers simple and intuitive interface, risk management tools, social trading features and news feed.
FP Markets vs Libertex Analytical Tools Comparison
Both brokers provide various analytical tools for their clients, such as economic calendars, market news, trading signals, webinars, tutorials and educational materials. FP Markets also offers daily market reports, technical analysis videos, trading calculators and an Autochartist tool that scans the market for potential trading opportunities based on technical patterns. Libertex also offers a blog with market insights, a trading central tool that provides technical and fundamental analysis and a Libertex Academy that offers courses and quizzes for beginners and advanced traders.
FP Markets vs Libertex . Which forex broker is better? Which forex broker should you choose?
Different brokers may suit different traders depending on their preferences, goals and strategies. However, there are a few common points that you should consider:
- If you are looking for a broker with more regulation, more trading assets, more trading platforms and more analytical tools, then FP Markets may be a better choice for you.
- If you are looking for a broker with lower minimum deposit, lower spreads, higher leverage and simpler interface, then Libertex may be a better choice for you.
Ultimately, the best way to decide which broker is better for you is to try them out for yourself with their demo account and see which broker meets your needs and expectations. You can also read more reviews and feedback from other traders who have used these brokers before making your final decision.
