Compare ForexMart vs Libertex
What is ForexMart? What is Libertex?
ForexMart is an online forex broker that offers trading in various currency pairs, CFDs, cryptocurrencies, metals, and stocks. ForexMart is operated by Tradomart SV Ltd., a company registered in St. Vincent and the Grenadines. ForexMart claims to provide low spreads, fast execution, negative balance protection, and no requotes.
Libertex is an online trading and investing platform that offers trading in CFDs on forex, stocks, cryptocurrencies, metals, indices, agriculture, oil and gas, ETFs, and options. Libertex is operated by Indication Investments Ltd., a Cyprus Investment Firm regulated by the Cyprus Securities and Exchange Commission (CySEC) under the CIF Licence number 164/12. Libertex claims to provide award-winning platform, zero spreads, no deposit fees, swap free, and excellent support.
ForexMart vs Libertex Regulation Comparison
ForexMart is regulated by the Financial Services Authority (FSA) of St. Vincent and the Grenadines under the license number IBC 2015/28142. However, this is not a reputable or reliable regulator, as it does not impose strict rules or standards on its licensed brokers. Therefore, trading with ForexMart may entail a high risk of losing money or being scammed.
Libertex is regulated by the CySEC under the license number 164/12. This means that Libertex has to comply with the rules and regulations of the European Union (EU), such as the Markets in Financial Instruments Directive (MiFID) and the Investor Compensation Fund (ICF). These rules aim to protect the interests and rights of traders and investors in the EU. Therefore, trading with Libertex may be safer and more secure than trading with ForexMart.
ForexMart vs Libertex Trading Assets Comparison
ForexMart offers over 100 trading instruments, including 50+ currency pairs, 10+ CFDs on cryptocurrencies, 4 metals (gold, silver, platinum, palladium), and 40+ stocks. ForexMart does not offer trading in indices, agriculture, oil and gas, ETFs, or options.
Libertex offers over 250 trading instruments, including 50+ currency pairs, 40+ CFDs on cryptocurrencies, 7 metals (gold, silver, platinum, palladium, copper, aluminum, nickel), 150+ stocks, 20+ indices, 10+ agriculture products (coffee, cocoa, corn, soybean, wheat), 6 oil and gas products (Brent crude oil, WTI crude oil, natural gas), 10+ ETFs (exchange-traded funds), and 5 options. Libertex has a wider range of trading assets than ForexMart.
ForexMart vs Libertex Trading Fees Comparison
ForexMart charges variable spreads on its trading instruments. The average spread for the EUR/USD pair is 1.7 pips. ForexMart does not charge any commissions or fees on deposits or withdrawals. However, ForexMart may charge swap fees for holding positions overnight.
Libertex charges zero spreads on its trading instruments. Instead of spreads, Libertex charges commissions based on the trade size and leverage. The commission rate varies depending on the instrument and the account type. For example, the commission rate for the EUR/USD pair is 0.011% for a standard account and 0.006% for a gold account. Libertex does not charge any fees on deposits or withdrawals. However, Libertex may charge swap fees for holding positions overnight.
ForexMart vs Libertex Account Types Comparison
ForexMart offers three types of accounts: standard account (minimum deposit $1), zero spread account (minimum deposit $1), and ECN account (minimum deposit $200). The standard account has variable spreads starting from 2 pips. The zero spread account has fixed spreads starting from 0 pips but charges commissions starting from $2 per lot. The ECN account has variable spreads starting from 0 pips but charges commissions starting from $4 per lot.
Libertex offers four types of accounts: standard account (minimum deposit $100), gold account (minimum deposit $500), platinum account (minimum deposit $5000), and VIP account (minimum deposit $50000). All accounts have zero spreads but different commission rates depending on the instrument and the account level. The higher the account level, the lower the commission rate.
ForexMart vs Libertex Deposit Options Comparison
ForexMart supports various deposit and withdrawal methods, such as bank wire transfer, credit/debit cards, Skrill, Neteller, PayPal, PayCo, Paxum, Qiwi, MegaTransfer, and crypto wallets. ForexMart does not charge any fees on deposits or withdrawals. However, some payment providers may charge their own fees or commissions. The processing time for deposits and withdrawals may vary depending on the method and the amount.
Libertex supports various deposit and withdrawal methods, such as bank wire transfer, credit/debit cards, Skrill, Neteller, Sofort, Trustly, iDeal, Giropay, Rapid Transfer, Multibanco, and crypto wallets. Libertex does not charge any fees on deposits or withdrawal. However, some payment providers may charge their own fees or commissions. The processing time for deposits and withdrawals may vary depending on the method and the amount.
ForexMart vs Libertex Trading Platforms Comparison
ForexMart offers three trading platforms: MetaTrader 4 (MT4), WebTrader, and Mobile App. MT4 is a popular and powerful trading platform that supports various features and tools, such as charting, indicators, expert advisors, scripts, and automated trading. WebTrader is a web-based platform that allows traders to access their accounts and trade from any browser without downloading or installing any software. Mobile App is a mobile application that allows traders to access their accounts and trade from any smartphone or tablet device.
Libertex offers three trading platforms: Libertex Platform, MetaTrader 4 (MT4), and MetaTrader 5 (MT5). Libertex Platform is a proprietary platform that is designed to be simple and convenient for traders of all levels. It supports various features and tools, such as charting, indicators, signals, news, and social trading. MT4 and MT5 are popular and powerful trading platforms that support various features and tools, such as charting, indicators, expert advisors, scripts, and automated trading.
ForexMart vs Libertex Analytical Tools Comparison
ForexMart provides some analytical tools for its traders, such as economic calendar, market news, technical analysis reviews, forex calculators, VPS service, and copytrade system. The economic calendar shows the upcoming events and data releases that may affect the market movements. The market news provides the latest updates and insights on the global markets. The technical analysis reviews provide the daily analysis and forecasts on the major currency pairs. The forex calculators help traders to calculate the margin, pip value, swap fee, and profit/loss of their trades. The VPS service allows traders to run their MT4 platform on a remote server without interruptions. The copytrade system allows traders to copy the trades of other successful traders automatically.
Libertex provides some analytical tools for its traders, such as economic calendar, market news, research & market reviews. The economic calendar shows the upcoming events and data releases that may affect the market movements. The market news provides the latest updates and insights on the global markets. The research & market reviews provide the trading insights from the analytical reports and premium market overviews.
ForexMart 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 as to which forex broker is better, as each broker has its own advantages and disadvantages. However, here are some key differences between ForexMart and Libertex that can help you make an informed choice:
- Regulation: Libertex is regulated by the CySEC, which is a reputable and reliable regulator that imposes strict rules and standards on its licensed brokers. ForexMart is regulated by the FSA of St. Vincent and the Grenadines, which is not a reputable or reliable regulator, as it does not impose strict rules or standards on its licensed brokers. Therefore, trading with Libertex may be safer and more secure than trading with ForexMart.
- Trading Assets: Libertex offers a wider range of trading assets than ForexMart, including indices, agriculture, oil and gas, ETFs, and options. ForexMart does not offer these instruments. Therefore, trading with Libertex may give you more opportunities and diversity than trading with ForexMart.
- Trading Fees: Libertex charges zero spreads on its trading instruments, but commissions based on the trade size and leverage. ForexMart charges variable spreads on its trading instruments, but no commissions. Therefore, trading with Libertex may be cheaper or more expensive than trading with ForexMart depending on the instrument, the account type, and the trade size.
- Account Types: Libertex offers four types of accounts: standard, gold, platinum, and VIP. All accounts have zero spreads but different commission rates depending on the instrument and the account level. The higher the account level, the lower the commission rate. ForexMart offers three types of accounts: standard, zero spread, and ECN. The standard account has variable spreads starting from 2 pips. The zero spread account has fixed spreads starting from 0 pips but commissions starting from $2 per lot. The ECN account has variable spreads starting from 0 pips but commissions starting from $4 per lot. Therefore, trading with Libertex or ForexMart may suit different types of traders depending on their budget and trading style.
- Trading Platforms: Libertex offers three trading platforms: Libertex Platform, MT4, and MT5. Libertex Platform is a proprietary platform that is designed to be simple and convenient for traders of all levels. MT4 and MT5 are popular and powerful trading platforms that support various features and tools. ForexMart offers three trading platforms: MT4, WebTrader, and Mobile App. MT4 is a popular and powerful trading platform that supports various features and tools. WebTrader is a web-based platform that allows traders to access their accounts and trade from any browser without downloading or installing any software. Mobile App is a mobile application that allows traders to access their accounts and trade from any smartphone or tablet device. Therefore, trading with Libertex or ForexMart may offer different user experiences depending on the platform preference.
- Analytical Tools: Libertex provides some analytical tools for its traders, such as economic calendar, market news, research & market reviews. These tools provide trading insights from the analytical reports and premium market overviews. ForexMart provides some analytical tools for its traders, such as economic calendar, market news, technical analysis reviews, forex calculators, VPS service, and copytrade system. These tools help traders to calculate the margin, pip value, swap fee, and profit/loss of their trades, run their MT4 platform on a remote server without interruptions, and copy the trades of other successful traders automatically. Therefore, trading with Libertex or ForexMart may offer different analytical support depending on the tool preference.
