Compare Libertex vs Forexee
What is Libertex? What is Forexee?
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) and provides investment services to the European Economic Area and Switzerland. Libertex offers trading on various assets, such as forex, stocks, indices, commodities, cryptocurrencies, and ETFs, with tight spreads and low commissions. Libertex also has a social trading feature that allows traders to copy the trades of other successful traders.
Forexee is an ECN/DMA broker that has been on the market since 2004. Forex.ee is regulated by the Financial Services Authority (FSA) of Saint Vincent and the Grenadines and offers trading on forex and cryptocurrencies with low spreads and commissions. Forexee also has a PAMM service that allows investors to allocate their funds to professional traders and share the profits.
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 Forexee Regulation Comparison
Libertex is authorised and regulated by the CySEC under the CIF Licence number 164/12. Libertex also complies with the MiFID II directive and adheres to the Investor Compensation Fund (ICF), which covers up to €20,000 per client in case of insolvency.
Forex.ee is authorised and regulated by the FSA of Saint Vincent and the Grenadines under the IBC number 21927 (IBC 2014). Forexee does not comply with any MiFID regulations and does not participate in any compensation schemes. Forexee claims to keep client funds in segregated accounts with reputable banks, but does not provide any details or proof of this.
Libertex vs Forexee Trading Assets Comparison
Libertex offers trading on over 250 tradable assets, including 51 forex pairs, 150 stocks, 20 indices, 15 commodities, 43 cryptocurrencies, and 6 ETFs. Libertex also offers trading on CFDs, which are contracts that track the price movements of the underlying assets without requiring ownership.
Forexee offers trading on over 50 tradable assets, including 49 forex pairs and 16 cryptocurrencies. Forex.ee also offers trading on CFDs, as well as spot trading on cryptocurrencies.
Libertex vs Forexee Trading Fees Comparison
Libertex charges commissions instead of spreads for each trade. The commissions vary depending on the asset type, the account type, and the trade volume. The commissions range from 0.03% to 0.5% for forex pairs, from 0.1% to 0.5% for stocks, from 0.03% to 0.2% for indices, from 0.03% to 0.2% for commodities, from 0.5% to 2.5% for cryptocurrencies, and from 0.03% to 0.1% for ETFs. Libertex also charges a rollover fee for holding positions overnight, which is based on the LIBOR rate plus a markup.
Forexee charges commissions and spreads for each trade. The commissions vary depending on the account type and the trade volume. The commissions range from $1.5 to $15 per lot for ECN accounts, from $2.5 to $25 per lot for STP accounts, and from $10 to $100 per lot for Crypto accounts. The spreads are variable and depend on the market conditions and liquidity providers. The average spreads are around 0.4 pips for EUR/USD, 0.6 pips for GBP/USD, and 1 pip for USD/JPY on ECN accounts. Forex.ee also charges a rollover fee for holding positions overnight, which is based on the interbank rates plus a markup.
Libertex vs Forexee Account Types Comparison
Libertex offers two types of accounts: Standard and Professional. The Standard account is suitable for beginners and intermediate traders who want to access all the available assets and features with a minimum deposit of $100. The Professional account is suitable for experienced traders who want to access higher leverage (up to 1:600) and lower commissions with a minimum deposit of $50,000. To qualify for a Professional account, traders need to meet certain criteria regarding their trading experience, frequency, and portfolio size.
Forexee offers four types of accounts: ECN Basic, ECN Advanced, STP, and Crypto. The ECN Basic account is suitable for beginners who want to trade forex with low commissions and tight spreads with a minimum deposit of $200. The ECN Advanced account is suitable for advanced traders who want to trade forex with lower commissions and tighter spreads with a minimum deposit of $1,000. The STP account is suitable for traders who want to trade forex with no commissions and variable spreads with a minimum deposit of $50. The Crypto account is suitable for traders who want to trade cryptocurrencies with low commissions and tight spreads with a minimum deposit of $10.
Libertex vs Forexee Deposit Options Comparison
Libertex offers various deposit and withdrawal options, including bank transfer, credit/debit card, Skrill, Neteller, Sofort, Trustly, iDeal, Rapid Transfer, Multibanco, and GiroPay. Libertex does not charge any fees for deposits or withdrawals, but some payment providers may charge their own fees. The processing time for deposits is usually instant, except for bank transfers which may take up to 5 business days. The processing time for withdrawals is usually within 24 hours, except for bank transfers which may take up to 5 business days.
Forexee offers various deposit and withdrawal options, including bank transfer, credit/debit card, Skrill, Neteller, WebMoney, Perfect Money, FasaPay, Bitcoin, Litecoin, Ethereum, Tether, and USDC. Forex.ee does not charge any fees for deposits or withdrawals, but some payment providers may charge their own fees. The processing time for deposits is usually instant, except for bank transfers which may take up to 3 business days. The processing time for withdrawals is usually within 24 hours, except for bank transfers which may take up to 3 business days.
Libertex vs Forexee Trading Platforms Comparison
Libertex offers its own proprietary trading platform called Libertex Terminal, which is available as a web-based platform or a mobile app for iOS and Android devices. Libertex Terminal is a user-friendly and intuitive platform that offers various features, such as advanced charting tools, technical indicators, trading signals, market news, economic calendar, risk management tools, and one-click trading.
Forexee offers the popular MetaTrader 4 (MT4) platform, which is available as a desktop application or a mobile app for iOS and Android devices. MT4 is a powerful and versatile platform that offers various features, such as advanced charting tools, technical indicators, expert advisors (EAs), custom indicators, scripts, backtesting tools, market news, economic calendar, and one-click trading.
Libertex vs Forexee Analytical Tools Comparison
Libertex provides various analytical tools to help traders make informed decisions and improve their trading performance. Some of these tools include:
- Trading signals: Libertex offers free trading signals from Trading Central, a leading provider of technical analysis and market research. Trading signals provide traders with actionable recommendations on when to buy or sell a specific asset based on technical indicators and market trends.
- Social trading: Libertex allows traders to copy the trades of other successful traders through its social trading feature. Traders can browse through the profiles of different traders based on their performance statistics and risk level and choose the ones they want to follow. Traders can also adjust the amount they want to invest and the stop loss level they want to set for each copied trade.
- Trading calculator: Libertex offers a trading calculator that helps traders calculate the potential profit or loss of a trade based on the asset type, the trade volume, the leverage level, the opening and closing prices, and the commission rate.
Forexee provides various analytical tools to help traders make informed decisions and improve their trading performance. Some of these tools include:
- PAMM service: Forexee offers a PAMM service that allows investors to allocate their funds to professional traders and share the profits. Investors can choose from a list of verified PAMM accounts based on their performance statistics and risk level and monitor their investments in real time. Investors can also withdraw their funds at any time without any penalties or fees.
- VPS service: Forexee offers a VPS service that allows traders to run their EAs on a remote server without any interruptions or delays. A VPS service ensures that traders can execute their trades faster and more securely without being affected by power outages or internet connection issues. Forex.ee provides free VPS service to clients who have an ECN Advanced account with a balance of at least $1,000 or trade at least 10 lots per month.
- Market news: Forexee provides market news from reputable sources such as Reuters and FXStreet that cover the latest developments and events in the global financial markets. Market news helps traders stay updated on the factors that influence the prices of different assets and identify potential trading opportunities.
Libertex vs Forexee. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker is an important decision that depends on various factors, such as your trading style, preferences, goals, and risk appetite. There is no definitive answer to which forex broker is better, as different brokers may suit different traders better. However, here are some possible advantages and disadvantages of each broker that you may want to consider:
Libertex advantages:
- Libertex is regulated by a reputable authority (CySEC) and complies with the MiFID II directive, which means it follows high standards of security, transparency, and investor protection.
- Libertex offers a wide range of tradable assets, including forex, stocks, indices, commodities, cryptocurrencies, and ETFs, which gives you more opportunities and diversification options.
- Libertex charges low commissions instead of spreads for each trade, which means you can save on trading costs and benefit from the market movements without any markups.
- Libertex provides free trading signals from Trading Central, a leading provider of technical analysis and market research, which can help you make informed trading decisions and improve your trading performance.
- Libertex allows you to copy the trades of other successful traders through its social trading feature, which can help you learn from the best and reduce your trading risks.
Libertex disadvantages:
- Libertex requires a relatively high minimum deposit of $100 for the Standard account and $50,000 for the Professional account, which may not be affordable or suitable for some traders.
- Libertex offers only its own proprietary trading platform (Libertex Terminal), which may not be compatible or familiar with some traders who prefer other platforms such as MT4 or MT5.
- Libertex charges a rollover fee for holding positions overnight, which may affect your profitability if you are a long-term or swing trader.
Forexee advantages:
- Forexee is an ECN/DMA broker that provides direct access to the interbank market, which means you can trade with low spreads and fast execution without any requotes or slippage.
- Forexee offers four types of accounts (ECN Basic, ECN Advanced, STP, and Crypto) that cater to different levels of experience and preferences of traders. The minimum deposit requirements are also low ($200 for ECN Basic, $1,000 for ECN Advanced, $50 for STP, and $10 for Crypto).
- Forexee offers the popular MT4 platform, which is a powerful and versatile platform that supports various features such as EAs, custom indicators, scripts, backtesting tools, etc.
- Forexee offers a PAMM service that allows investors to allocate their funds to professional traders and share the profits. This can help investors who do not have enough time or skills to trade by themselves.
- Forexee offers a free VPS service to clients who have an ECN Advanced account with a balance of at least $1,000 or trade at least 10 lots per month. This can help traders who use EAs to run their trades faster and more securely without any interruptions or delays.
Forex.ee disadvantages:
- Forexee is regulated by a less reputable authority (FSA of Saint Vincent and the Grenadines) and does not comply with any MiFID regulations. This means it may not follow high standards of security, transparency, and investor protection.
- Forexee offers a limited range of tradable assets (only forex and cryptocurrencies), which may limit your opportunities and diversification options.
- Forexee charges commissions and spreads for each trade, which may increase your trading costs and reduce your profitability. The commissions are also relatively high compared to other brokers.
