Compare FXTM vs Libertex
What is FXTM? What is Libertex?
FXTM is a global online broker that offers trading and investing services for forex, CFDs, indices, commodities, stocks and more. FXTM is regulated by several authorities, including the FCA and CySEC. FXTM has over 3 million registered clients and has won multiple industry awards.
Libertex is a well-known brokerage that was established in 1997. Libertex offers CFD trading on over 250 instruments, including forex, cryptocurrencies, commodities, stocks, indices and ETFs. Libertex is also regulated by the CySEC and BaFin and has served millions of customers worldwide.
FXTM vs Libertex Regulation Comparison
Both FXTM and Libertex are regulated by the Cyprus Securities and Exchange Commission (CySEC), which means they have to comply with strict rules regarding client funds protection, risk management, anti-money laundering and fair trading practices.
FXTM is also regulated by the Financial Conduct Authority (FCA) in the UK, which is one of the most reputable regulators in the world. The FCA imposes high standards of conduct and supervision on its regulated firms and protects customers up to £85,000 under the Financial Services Compensation Scheme (FSCS).
Libertex is also regulated by the Federal Financial Supervisory Authority (BaFin) in Germany, which is another respected regulator in Europe. BaFin ensures that its regulated firms adhere to the German Banking Act and other relevant laws and regulations.
FXTM vs Libertex Trading Assets Comparison
FXTM offers over 1000 financial assets to trade, including 60+ forex pairs, 180+ stocks, 11 indices, 5 commodities, 3 cryptocurrencies and 4 metals. FXTM also offers 6 currency index CFDs that track a basket of popular currencies.
Libertex offers over 250 financial assets to trade, including 50+ forex pairs, 150+ stocks, 20+ indices, 5 commodities, 40+ cryptocurrencies and 4 metals. Libertex also offers 12 ETF CFDs that track various sectors and markets.
FXTM vs Libertex Trading Fees Comparison
FXTM charges different fees depending on the account type and the instrument traded. FXTM offers three account types: Standard, ECN and ECN Zero. The Standard account has no commission but higher spreads, while the ECN and ECN Zero accounts have lower spreads but charge a commission per lot traded. The spreads vary depending on the market conditions and the liquidity of the instrument. For example, the average spread for EUR/USD on the Standard account is 1.9 pips, while on the ECN account it is 0.4 pips plus a commission of $2 per lot.
Libertex charges very competitive fees with no commission on most instruments. Libertex only charges a commission on crypto CFDs and some exotic forex pairs. The spreads are also very tight, starting near zero for some assets. For example, the spread for EUR/USD on Libertex is 0.2 pips.
FXTM vs Libertex Account Types Comparison
FXTM offers three main account types: Standard, ECN and ECN Zero. The Standard account has a minimum deposit of $100 and offers access to all instruments except for cryptocurrencies. The ECN account has a minimum deposit of $500 and offers access to all instruments except for stocks. The ECN Zero account has a minimum deposit of $200 and offers access to all instruments except for stocks and cryptocurrencies. All accounts have a leverage of up to 1:2000 for forex and up to 1:10 for cryptocurrencies.
Libertex offers only one account type with a minimum deposit of €100 or equivalent in other currencies. The account offers access to all instruments with a leverage of up to 1:30 for forex and up to 1:2 for cryptocurrencies.
FXTM vs Libertex Deposit Options Comparison
FXTM accepts a wide range of payment methods for deposits and withdrawals, including credit/debit cards, bank transfers, e-wallets (such as Skrill, Neteller, WebMoney), local payment systems (such as M-Pesa) and cryptocurrencies (such as Bitcoin). FXTM does not charge any fees for deposits or withdrawals, but some payment providers may charge their own fees or commissions.
Libertex also accepts a variety of payment methods for deposits and withdrawals, including credit/debit cards, bank transfers, e-wallets (such as Skrill, Neteller, PayPal), local payment systems (such as Klarna, Trustly) and cryptocurrencies (such as Bitcoin). Libertex does not charge any fees for deposits, but some withdrawal methods may incur a fee of up to 1% of the withdrawal amount.
FXTM vs Libertex Trading Platforms Comparison
FXTM supports two of the most popular trading platforms in the world: MetaTrader 4 and MetaTrader 5. These platforms are available for desktop, web and mobile devices and offer advanced trading tools, indicators, charts and automated trading features. FXTM also offers its own proprietary platform called FXTM Trader, which is a mobile app that allows traders to access the markets anytime and anywhere.
Libertex also supports MetaTrader 4 and MetaTrader 5 for desktop, web and mobile devices. In addition, Libertex offers its own proprietary platform called Libertex Web Trader, which is a user-friendly and innovative web-based platform that allows traders to trade directly from their browser without downloading any software. Libertex also has its own mobile app called Libertex Trader, which is similar to FXTM Trader but with some additional features such as news alerts and market signals.
FXTM vs Libertex Analytical Tools Comparison
FXTM provides its clients with various analytical tools and resources to enhance their trading experience and performance. Some of these tools include market analysis, economic calendar, trading signals, webinars, seminars, articles, videos and podcasts. FXTM also offers a copy trading service called FXTM Invest, which allows traders to follow and copy the strategies of successful traders for a small fee.
Libertex also offers its clients a range of analytical tools and educational materials to help them improve their trading skills and knowledge. Some of these tools include market analysis, economic calendar, trading signals, webinars, articles, videos and tutorials. Libertex does not offer a copy trading service, but it does provide some market insights and tips from its team of experts.
FXTM vs Libertex. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker is a very important decision that depends on your personal preferences, trading style, goals and needs. There is no definitive answer to which broker is better, as both FXTM and Libertex have their own strengths and weaknesses. Ultimately, the best way to decide which broker is more suitable for you is to test them out by opening a demo account or a real account with a small deposit and testing their service and performance. You can also read online reviews and feedback from other traders who have used these brokers before.
