Compare Amega vs Libertex
What is Amega? What is Libertex?
Amega is an offshore STP broker that offers CFD trading on forex, stocks, indices, commodities, and cryptocurrencies with very high leverage up to 1:1000 and a zero-commission pricing structure. Traders access markets through the MT5 platform and can test the broker’s services through a demo account.
Libertex is a regulated broker that offers CFD trading on forex, stocks, indices, commodities, and cryptocurrencies with leverage up to 1:600 and no spreads. Traders access markets through the Libertex platform or the MetaTrader 4 and 5 platforms. Libertex also provides educational resources, market analysis, and a demo account.
Amega vs Libertex Regulation Comparison
Amega is not regulated by a trusted financial authority. It is registered in Mauritius and St. Vincent and the Grenadines, which are known for their lax regulatory standards. This means that traders have less protection and recourse in case of disputes or issues with the broker.
Libertex is regulated by the Cyprus Securities and Exchange Commission (CySEC), which is a reputable regulator in the European Union. CySEC ensures that brokers comply with strict rules regarding client funds protection, fair trading practices, and anti-money laundering policies. Traders also benefit from the Investor Compensation Fund, which covers up to €20,000 per client in case of broker insolvency.
Amega vs Libertex Trading Assets Comparison
Amega offers over 100 CFDs on various asset classes, including 70+ forex pairs, 25+ global stocks, 8 indices, 10 commodities, and 4 cryptocurrencies. However, the depth of assets is limited compared to other CFD brokers.
Libertex offers over 250 CFDs on various asset classes, including 50+ forex pairs, 150+ global stocks, 20 indices, 15 commodities, and 20 cryptocurrencies. Libertex also offers ETFs and options as additional trading instruments.
Amega vs Libertex Trading Fees Comparison
Amega does not charge any commission fees on CFD trading. The only fees are the spreads, which start from 0.8 pips on major forex pairs and vary depending on the market conditions and the account type. Amega also charges swap fees for holding positions overnight and withdrawal fees for certain payment methods.
Libertex does not charge any spreads on CFD trading. The only fees are the commissions, which start from 0.03% on major forex pairs and vary depending on the market conditions and the account type. Libertex also charges swap fees for holding positions overnight and withdrawal fees for certain payment methods
Amega vs Libertex Account Types Comparison
Amega offers four account types: Premium MT5, Scalper MT5, SwapFree MT5, and Mini MT5. The minimum deposit for all accounts is $20, except for the Mini MT5 account which requires only $1. The accounts differ in terms of leverage, spreads, execution speed, minimum trade size, and margin call level.
Libertex offers two account types: Standard and Professional. The minimum deposit for both accounts is $100. The accounts differ in terms of leverage, commissions, educational resources, and risk warnings. Professional accounts require meeting certain criteria regarding trading experience, knowledge, and portfolio size.
Amega vs Libertex Deposit Options Comparison
Amega offers a wide range of payment options for deposits and withdrawals, including bank wire transfer, credit/debit cards, e-wallets (such as Perfect Money and STICPAY), and cryptocurrencies (such as Bitcoin and Ethereum). Deposits are processed instantly or within a few hours, while withdrawals may take up to three business days.
Libertex offers a limited range of payment options for deposits and withdrawals, including bank wire transfer, credit/debit cards (such as Visa and Mastercard), e-wallets (such as Skrill and Neteller), and cryptocurrencies (such as Bitcoin). Deposits are processed instantly or within a few hours, while withdrawals may take up to five business days.
Amega vs Libertex Trading Platforms Comparison
Amega only offers one trading platform: MetaTrader 5 (MT5). MT5 is a popular and powerful platform that supports multiple order types, advanced charting tools, technical indicators, automated trading with Expert Advisors (EAs), market news, signals service, and more. MT5 is available as a desktop application, a web-based platform, and a mobile app for iOS and Android devices.
Libertex offers three trading platforms: Libertex, MetaTrader 4 (MT4), and MetaTrader 5 (MT5). Libertex is a proprietary platform that is simple and user-friendly, with features such as one-click trading, risk management tools, market analysis, and educational resources. MT4 and MT5 are popular and powerful platforms that offer similar features as Amega’s MT5 platform. Libertex, MT4, and MT5 are available as desktop applications, web-based platforms, and mobile apps for iOS and Android devices.
Amega vs Libertex Analytical Tools Comparison
Amega provides a basic economic calendar that shows the date, time, currency, event, impact, forecast, previous, and actual data of major economic indicators and events. Amega also provides a FAQ section that answers common questions about the platform and trading conditions. However, Amega does not offer any other analytical tools or educational materials for traders.
Libertex provides a comprehensive economic calendar that shows the same information as Amega’s calendar, plus a detailed description and chart of each event. Libertex also provides market analysis, trading signals, webinars, tutorials, articles, videos, and courses for traders of all levels. Libertex has a dedicated blog that covers various topics related to trading and investing.
Amega vs Libertex. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker is an important decision that depends on your personal preferences, trading goals, and risk appetite. There is no definitive answer to which broker is better, as each one has its own advantages and disadvantages. However, here are some possible factors that you may want to consider:
- Regulation: Libertex is regulated by a reputable authority (CySEC), while Amega is not regulated by any trusted regulator. This means that Libertex offers more security and protection for your funds and trading activities than Amega. If you value safety and reliability, Libertex may be a better choice for you.
- Trading Assets: Libertex offers more CFDs on various asset classes than Amega, including ETFs and options. This means that Libertex gives you more opportunities and diversity for your trading portfolio than Amega. If you value variety and flexibility, Libertex may be a better choice for you.
- Trading Fees: Amega does not charge any commission fees on CFD trading, while Libertex does not charge any spreads on CFD trading. This means that Amega may offer lower trading costs than Libertex for some markets, while Libertex may offer lower trading costs than Amega for other markets. The difference in fees may also depend on the account type, market conditions, and trading volume. If you value affordability and transparency, you may want to compare the fees of both brokers for the markets you are interested in before choosing one.
- Account Types: Amega offers four account types with different features and requirements, while Libertex offers two account types with similar features and requirements. This means that Amega may offer more customization and optimization for your trading preferences than Libertex, while Libertex may offer more simplicity and convenience for your trading experience than Amega. If you value personalization and performance, Amega may be a better choice for you. If you value ease and accessibility, Libertex may be a better choice for you.
- Deposit and Withdrawal Options: Amega offers a wider range of payment options than Libertex, including more cryptocurrencies. This means that Amega may offer more convenience and flexibility for your funding transactions than Libertex. If you value speed and versatility, Amega may be a better choice for you.
- Trading Platforms: Amega only offers one trading platform (MT5), while Libertex offers three trading platforms (Libertex, MT4, and MT5). This means that Libertex may offer more options and features for your trading interface than Amega, while Amega may offer more consistency and compatibility for your trading platform than Libertex. If you value functionality and diversity, Libertex may be a better choice for you. If you value stability and familiarity, Amega may be a better choice for you.
- Analytical Tools: Libertex provides more analytical tools and educational resources than Amega, including market analysis, trading signals, webinars, tutorials, articles, videos, courses, and a blog. This means that Libertex may offer more support and guidance for your trading decisions than Amega. If you value learning and improvement, Libertex may be a better choice for you.
Ultimately, the best forex broker for you is the one that suits your needs and expectations the most. You can also try their demo accounts to test their services and platforms without risking any real money.
