Compare Libertex vs easyMarkets
What is Libertex? What is easyMarkets?
Libertex is a trading platform used by Indication Investments Ltd, a Cyprus Investment Firm that is regulated by the Cyprus Securities and Exchange Commission (CySEC). Libertex offers trading and investing services for various assets, such as forex, stocks, indices, commodities, cryptocurrencies, and ETFs. Libertex has been operating since 1997 and has over 2.9 million clients in 120 countries.
easyMarkets is a trading platform used by Easy Forex Trading Ltd, a Cyprus Investment Firm that is also regulated by CySEC. easyMarkets offers trading services for forex, metals, commodities, indices, options, cryptocurrencies, and shares. easyMarkets has been operating since 2001 and has over 100,000 active traders in 160 countries.
Libertex vs easyMarkets Regulation Comparison
Both Libertex and easyMarkets are authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC) under the Markets in Financial Instruments Directive (MiFID), which means they can offer their services to the European Economic Area and Switzerland.
However, easyMarkets has an additional license from the Australian Securities and Investments Commission (ASIC), which allows it to operate in Australia and other regions. Therefore, easyMarkets has a higher trust score than Libertex in terms of regulation.
Libertex vs easyMarkets Trading Assets Comparison
Libertex offers traders access to 300 CFDs, including 51 forex pairs, 113 stocks, 100 cryptocurrencies, 19 indices, 9 commodities, and 8 ETFs. easyMarkets offers traders access to 199 CFDs, including 62 forex pairs, 66 stocks, 5 cryptocurrencies, 15 indices, 17 commodities, and 34 options. Therefore, Libertex has a wider range of trading assets than easyMarkets.
Libertex vs easyMarkets Trading Fees Comparison
Libertex does not charge any spreads or commissions on its trades. Instead, it charges a variable fee depending on the asset and the leverage used. The fee is calculated as a percentage of the trade value and is deducted from the account balance when the trade is opened or closed.
easyMarkets charges fixed spreads on its trades, which do not change during trading hours. The spreads vary depending on the asset and the account type. The average spread for EUR/USD is 0.9 pips for standard accounts and 0.7 pips for VIP accounts. easyMarkets also offers free guaranteed stop loss and take profit orders, as well as no slippage execution. Therefore, the trading fees of Libertex and easyMarkets depend on the trading style and preferences of each trader.
Libertex vs easyMarkets Account Types Comparison
Libertex offers only one type of account for all its clients, which requires a minimum deposit of $10. The account provides access to all the trading assets and features of Libertex platform.
easyMarkets offers two types of accounts: standard and VIP. The standard account requires a minimum deposit of $100 and provides access to most of the trading assets and features of easyMarkets platform. The VIP account requires a minimum deposit of $2,500 and provides access to all the trading assets and features of easyMarkets platform, as well as lower spreads, higher leverage, personal account manager, market updates, SMS signals, and exclusive promotions. Therefore, easyMarkets has more account options than Libertex.
Libertex vs easyMarkets Deposit Options Comparison
Libertex accepts deposits and withdrawals via credit/debit cards (Visa/Mastercard), bank transfers (SEPA/SWIFT), e-wallets (Skrill/Neteller), and cryptocurrencies (Bitcoin/Ethereum). The minimum deposit amount is $10 and the minimum withdrawal amount is $1. Libertex does not charge any fees for deposits or withdrawals.
easyMarkets accepts deposits and withdrawals via credit/debit cards (Visa/Mastercard), bank transfers (SEPA/SWIFT), e-wallets (Skrill/Neteller/WebMoney), online payment systems (iDeal/Sofort/Giropay), prepaid cards (Paysafecard), local bank transfers (in some countries), and cryptocurrencies (Bitcoin/Ethereum). The minimum deposit amount is $100 and the minimum withdrawal amount is $50. easyMarkets does not charge any fees for deposits or withdrawals either. Therefore, both Libertex and easyMarkets have similar deposit and withdrawal options.
Libertex vs easyMarkets Trading Platforms Comparison
Libertex offers its own proprietary web-based platform that is simple and user-friendly. The platform has various features such as dealCancellation (undo a losing trade within an hour), Inside Viewer (see what other traders are doing), Freeze Rate (pause the price for a few seconds), and easyTrade (trade with limited risk and unlimited potential). The platform also has advanced charting tools, indicators, and signals. Libertex also offers a mobile app for iOS and Android devices that has the same features as the web platform.
easyMarkets offers its own proprietary web-based platform that is intuitive and powerful. The platform has similar features as Libertex, such as dealCancellation, Freeze Rate, and easyTrade. The platform also has a financial calendar, market news, trading charts, and trading signals. easyMarkets also offers a mobile app for iOS and Android devices that has the same features as the web platform. In addition, easyMarkets offers access to other trading platforms such as TradingView (a social network for traders with advanced charting and analytics), MT4 (a popular platform for forex and CFD trading with expert advisors), and MT5 (an upgraded version of MT4 with more assets and tools). Therefore, easyMarkets has more trading platforms than Libertex.
Libertex vs easyMarkets Analytical Tools Comparison
Libertex provides its clients with various analytical tools such as market analysis, trading signals, webinars, tutorials, articles, videos, podcasts, and ebooks. Libertex also has a blog that covers various topics related to trading and investing.
easyMarkets provides its clients with similar analytical tools such as market analysis, trading signals, webinars, tutorials, articles, videos, podcasts, and ebooks. easyMarkets also has a blog that covers various topics related to trading and investing. In addition, easyMarkets offers a free demo account that allows traders to practice their skills and strategies with virtual ney. Therefore, both Libertex and easyMarkets have similar analytical tools.
Libertex vs easyMarkets. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker is a personal decision that depends on your trading style, preferences, and goals. There is no definitive answer to which forex broker is better, as each one has its own advantages and disadvantages. However, based on the comparison I made between Libertex and easyMarkets, here are some points you may want to consider:
- If you are looking for a broker that has more regulatory licenses and can operate in more regions, you may prefer easyMarkets, as it is authorised by both CySEC and ASIC .
- If you are looking for a broker that has more trading assets and a wider range of CFDs, you may prefer Libertex, as it offers 300 CFDs, including 100 cryptocurrencies.
- If you are looking for a broker that has lower trading fees and more flexible pricing options, you may prefer Libertex, as it does not charge any spreads or commissions, but only a variable fee depending on the asset and the leverage. However, if you are looking for a broker that has free guaranteed stop loss and take profit orders, as well as no slippage execution, you may prefer easyMarkets, as it offers these features for free.
- If you are looking for a broker that has more account options and lower minimum deposit requirements, you may prefer easyMarkets, as it offers two types of accounts: standard and VIP. The standard account requires only $100 to open, while the VIP account offers lower spreads, higher leverage, and other benefits. Libertex offers only one type of account for all its clients, which requires $10 to open.
- If you are looking for a broker that has more trading platforms and access to other popular platforms such as MT4 and MT5, you may prefer easyMarkets, as it offers its own web-based platform, as well as TradingView, MT4, and MT5. Libertex offers only its own web-based platform and mobile app.
- If you are looking for a broker that has similar analytical tools and educational resources, you may find both Libertex and easyMarkets suitable, as they both provide market analysis, trading signals, webinars, tutorials, articles, videos, podcasts, ebooks, and blogs . However, easyMarkets also offers a free demo account that allows you to practice your skills and strategies with virtual money.
