Compare ForexChief vs Libertex
What is ForexChief? What is Libertex?
ForexChief is a trading platform used by Indication Investments Ltd., a Cyprus Investment Firm, which is regulated and supervised by the Cyprus Securities and Exchange Commission (CySEC) with CIF Licence number 164/12. ForexChief offers its clients technologies that are in high demand and are tested by time, such as VPS server for robots, mobile applications, as well as fully functional trading platforms MetaTrader 4 and MetaTrader 5.
Libertex is a trading platform that has been operating since 1997. It is a brand of Indication Investments Ltd., a member of Forex Club group. Libertex offers its clients access to over 250 tradable assets, including CFDs on currencies, stocks, indices, commodities, metals and cryptocurrencies. Libertex also provides its clients with educational materials, market analysis and trading signals.
ForexChief vs Libertex Regulation Comparison
| Broker | CySEC License Number | MiFID Compliant | ICF Member |
|---|---|---|---|
| ForexChief | 164/12 | Yes | Yes |
| Libertex | 164/12 | Yes | Yes |
ForexChief vs Libertex Trading Assets Comparison
| Broker | Forex | Metals | Commodities | Indices CFDs | Stock CFDs | Cryptocurrency CFDs |
|---|---|---|---|---|---|---|
| ForexChief | Yes | Yes | Yes | Yes | Yes | No |
| Libertex | Yes | Yes | Yes | Yes | Yes | Yes |
ForexChief vs Libertex Trading Fees Comparison
ForexChief and Libertex have different fee structures for their trading services. ForexChief charges variable spreads from 0 pips on its STP/ECN accounts, which are based on the market conditions and the liquidity providers. ForexChief also charges commissions from $0.01 per lot on its cent accounts and from $0.03 per lot on its standard accounts.
Libertex charges fixed spreads from 0.00 on its CFD instruments, which are determined by the broker according to the asset type and volatility. Libertex also charges commissions from 0% on some of its instruments, such as DAX CFDs, and up to 2.5% on others, such as Bitcoin CFDs.
ForexChief vs Libertex Account Types Comparison
ForexChief and Libertex offer different account types to suit the needs and preferences of their clients. ForexChief has four account types: cent-MT4.DirectFX, cent-MT4.Classic+, MT4.DirectFX and MT4.Classic+. The main differences between these accounts are the minimum deposit, the leverage, the execution type and the commission rate.
Libertex has two account types: standard and professional. The main difference between these accounts is the leverage, which is up to 1:30 for standard accounts and up to 1:600 for professional accounts. To qualify for a professional account, the client must meet certain criteria, such as trading experience, financial knowledge and portfolio size.
ForexChief vs Libertex Deposit Options Comparison
ForexChief and Libertex offer various deposit and withdrawal options to their clients, but there are some differences in their availability and fees. ForexChief supports deposit and withdrawal methods such as bank wire transfer, credit/debit cards, e-wallets (Skrill, Neteller, Perfect Money, WebMoney, FasaPay) and cryptocurrencies (Bitcoin, Ethereum, Tether). ForexChief does not charge any fees for deposits or withdrawals, but the payment system or the bank may apply some charges.
Libertex supports deposit and withdrawal methods such as bank wire transfer, credit/debit cards, e-wallets (Skrill, Neteller) and cryptocurrencies (Bitcoin). Libertex does not charge any fees for deposits, but it charges a withdrawal fee of 1 EUR or equivalent for each withdrawal. The payment system or the bank may also apply some charges.
ForexChief vs Libertex Trading Platforms Comparison
| Broker | Trading Platforms |
|---|---|
| ForexChief | MetaTrader 4, MetaTrader 5, ForexChief App |
| Libertex | MetaTrader 4, Libertex Web Platform, Libertex App |
ForexChief vs Libertex Analytical Tools Comparison
| Broker | Analytical Tools |
|---|---|
| ForexChief | Analytical reviews, economic articles, currency charts, interest rates, trader’s calculator, indicators, advisors and scripts |
| Libertex | Market news, trading signals, technical analysis, indicators and scripts |
ForexChief vs Libertex. Which forex broker is better? Which forex broker should you choose?
Choosing the right broker depends on your personal preferences, trading goals and risk appetite. Both ForexChief and Libertex have their own advantages and disadvantages, which you should compare carefully before making a decision. You can also try their demo account to test their services and platforms without risking real money. In the end, the choice is yours.
