Compare Libertex vs eToro
What is Libertex? What is eToro?
Libertex is a well-known brokerage, established in 1997, that offers CFD trading on 250+ instruments, including forex, cryptocurrencies, commodities, stocks, indices and ETFs. Libertex has a user-friendly proprietary web trader platform, as well as support for MT4 and MT5. Libertex is registered with the CySEC and BaFin, and has won over 40 industry awards.
eToro is a top-rated multi-asset platform that offers both investing in stocks and cryptoassets, as well as CFD trading on forex, commodities, indices, ETFs and cryptocurrencies. eToro is known for its industry-leading copy trading app and social investing features, as well as its commission-free stock trading. eToro is authorized by tier one regulators, including the FCA and CySEC, and has a 25M+ user community.
Best Forex Brokers Ranking
| Rank | Broker | Review | Open Account | Bonus | Platform | Minimum Deposit | ECN |
|---|---|---|---|---|---|---|---|
| 1 | Exness |  | Open Exness account | 16$/lot | MT4, MT5, Exness, ... | 1$ | 10$ |
| 2 | IC Markets | | Open IC Markets account | - | MT4, MT5, cTrader | 200$ | 200$ |
| 3 | XM | | Open XM account | 30$ | MT4, MT5 | 5$ | - |
| 4 | XTB | | Open XTB account | 2000$ | MT4, xStation 5 | 1$ | 1$ |
| 5 | FBS | | Open FBS account | 140$ | MT4, MT5, FBS Trader | 1$ | 1000$ |
Libertex vs eToro Regulation Comparison
Both Libertex and eToro are regulated by the Cyprus Securities and Exchange Commission (CySEC), which is a tier one regulator that ensures high standards of investor protection and transparency.
However, eToro has an edge over Libertex in terms of regulatory oversight, as it also holds licenses from other reputable authorities, such as the UK Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), and the US Financial Industry Regulatory Authority (FINRA). Libertex only has one other license from the German Federal Financial Supervisory Authority (BaFin).
Libertex vs eToro Trading Assets Comparison
eToro offers a broader asset selection than Libertex, with over 2,000 tradeable symbols across various markets. eToro also allows traders to invest in physical stocks and cryptoassets, which are not available at Libertex. Libertex has a smaller but still diverse portfolio of 250+ assets, including CFDs on forex, cryptocurrencies, commodities, stocks, indices and ETFs. Both brokers offer tight spreads starting near zero on some instruments.
Libertex vs eToro Trading Fees Comparison
Libertex trumps eToro in trading costs, as it charges very competitive pricing with no commission on crypto and stocks. Libertex also offers discounts on trading fees for loyal clients and mobile app users.
eToro charges higher spreads on CFDs than Libertex, as well as currency conversion fees for account denominations other than USD. However, eToro does not charge any deposit or withdrawal fees, while Libertex charges a fee to withdraw revenue
Libertex vs eToro Account Types Comparison
Libertex offers only one account type for all clients, which has a minimum deposit requirement of $100. The account supports multiple currencies and allows Islamic/Halal-friendly trading.
eToro also has a single account type for most clients, which has a minimum deposit requirement of $200. The account only supports USD as the base currency and does not offer Islamic/Halal-friendly trading. However, eToro also has a Professional account for experienced traders who meet certain criteria, which offers higher leverage and lower margin rates.
Libertex vs eToro Deposit Options Comparison
Both Libertex and eToro accept a wide range of funding methods, including credit/debit cards, bank transfers, e-wallets and local payment options.
However, eToro does not charge any deposit or withdrawal fees, while Libertex charges a fee to withdraw revenue. Both brokers process withdrawal requests within one business day.
Libertex vs eToro Trading Platforms Comparison
Libertex has an innovative and user-friendly proprietary web trader platform that offers fast execution, advanced charting tools, risk management features and market news. Libertex also supports MT4 and MT5 for desktop and mobile devices, which are popular platforms for algorithmic trading.
eToro has its own web-based platform that is easy to use and integrates social trading features such as copy trading, news feed and chat rooms. eToro also has a mobile app that allows traders to access their portfolio and trade on the go. However, eToro does not offer MT4 or MT5 platforms.
Libertex vs eToro Analytical Tools Comparison
Both Libertex and eToro provide traders with various analytical tools to enhance their trading performance. Libertex offers market analysis, trading signals, economic calendar and webinars on its platform and website.
eToro offers market insights, trading alerts, sentiment indicators, economic calendar and podcasts on its platform and website. eToro also has a comprehensive online training academy that offers courses, videos and quizzes for beginner and intermediate traders.
Libertex vs eToro. 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, goals and preferences. However, here are some general advice on which broker might suit you better.
- Libertex is a good choice if you are looking for low trading costs, high leverage, multiple currency options and support for MT4 and MT5 platforms. Libertex also offers Islamic/Halal-friendly trading and discounts for loyal clients and mobile app users. However, Libertex has fewer assets to trade than eToro, does not offer physical stocks and cryptoassets, and charges a fee to withdraw revenue.
- eToro is a good choice if you are looking for a wide range of assets to trade and invest in, including physical stocks and cryptoassets. eToro also offers commission-free stock trading, social trading features such as copy trading and chat rooms, and no deposit or withdrawal fees. However, eToro has higher spreads on CFDs than Libertex, charges currency conversion fees for non-USD accounts, and does not offer MT4 or MT5 platforms.
Ultimately, the best forex broker for you is the one that meets your needs and expectations. You can try both brokers with a free demo account before making a final decision.
