Compare Libertex vs NSFX
What is Libertex? What is NSFX?
Libertex is an online trading platform that offers CFDs on various asset classes, such as forex, stocks, cryptocurrencies, commodities, and indices. Libertex has been operating since 1997 and is regulated by the Cyprus Securities and Exchange Commission (CySEC) .
NSFX is an online broker that offers forex and CFDs on stocks, indices, commodities, and cryptocurrencies. NSFX was founded in 2012 and is regulated by the Malta Financial Services Authority (MFSA).
Libertex vs NSFX Regulation Comparison
Both brokers are authorized and supervised by reputable regulators in the European Union. Libertex holds a Category 2 Investment Services License from CySEC, which allows it to provide investment advice and portfolio management services .
NSFX holds a Category 3 Investment Services License from MFSA, which allows it to deal on own account and hold client funds . Both brokers are also compliant with the Markets in Financial Instruments Directive (MiFID) and participate in the Investor Compensation Scheme, which covers up to €20,000 per client in case of insolvency .
Libertex vs NSFX Trading Assets Comparison
Libertex offers over 250 tradable assets, including 49 currency pairs, 113 stocks, 18 cryptocurrencies, 20 commodities, and 43 indices . NSFX offers over 100 tradable assets, including 50 currency pairs, 15 stocks, 6 cryptocurrencies, 7 commodities, and 24 indices .
Libertex vs NSFX Trading Fees Comparison
Libertex charges commissions on each trade, which vary depending on the asset class and trading volume. The commissions range from 0.03% to 0.5% for forex, from 0.1% to 0.5% for stocks, from 0.5% to 2% for cryptocurrencies, from 0.03% to 0.1% for commodities, and from 0.03% to 0.06% for indices . Libertex also applies spreads on the bid and ask prices of each asset, which are dynamic and depend on market conditions .
NSFX does not charge commissions on any trade, but instead applies spreads on the bid and ask prices of each asset. The spreads are fixed and depend on the account type and the asset class. The spreads range from 0.4 pips to 3 pips for forex, from 0.08% to 0.15% for stocks, from $10 to $30 for cryptocurrencies, from $0.04 to $0.06 for commodities, and from 1 pip to 3 pips for indices . Both brokers charge an inactivity fee if no trading activity occurs for a certain period of time. Libertex charges €10 per month after six months of inactivity . NSFX charges €15 per month after three months of inactivity .
Libertex vs NSFX Account Types Comparison
Libertex offers two types of accounts: a standard account and a professional account. The standard account requires a minimum deposit of €/$10 and has access to all the available assets and platforms . The professional account requires a minimum deposit of €/$50,000 and has access to higher leverage ratios (up to 1:600), lower commissions (up to 50% discount), and dedicated account managers .
NSFX offers three types of accounts: a standard account, a professional account, and an ECN account. The standard account requires a minimum deposit of $300 and has access to fixed spreads and leverage up to 1:200 . The professional account requires a minimum deposit of $3,000 and has access to variable spreads and leverage up to 1:200 . The ECN account requires a minimum deposit of $5,000 and has access to interbank spreads and leverage up to 1:100 .
Libertex vs NSFX Deposit Options Comparison
Libertex supports various methods for depositing and withdrawing funds, such as bank transfer, credit/debit card, Skrill, Neteller, Sofort, Trustly, iDeal, Rapid Transfer, Multibanco, Giropay, Neosurf, Teleingreso .
NSFX supports only bank transfer and credit/debit card as methods for depositing and withdrawing funds . Both brokers do not charge any fees for deposits or withdrawals .
Libertex vs NSFX Trading Platforms Comparison
Libertex offers two main trading platforms: its own proprietary web-based platform called Libertex Terminal and the popular MetaTrader 4 (MT4) platform . Libertex Terminal is a simple and user-friendly platform that allows traders to execute orders, manage positions, access charts, indicators, news, and analysis . MT4 is a more advanced and customizable platform that offers more features, such as automated trading, expert advisors, scripts, and technical analysis tools . Libertex also offers mobile apps for both platforms, compatible with Android and iOS devices .
NSFX offers three main trading platforms: MT4, MT5, and JForex . MT4 and MT5 are similar to the ones offered by Libertex, with the difference that MT5 is a newer version that supports more assets, order types, indicators, and tools . JForex is a platform developed by Dukascopy Bank that offers ECN trading conditions, fast execution, integrated technical analysis, and automated trading . NSFX also offers mobile apps for all three platforms, compatible with Android and iOS devices .
Libertex vs NSFX Analytical Tools Comparison
Libertex provides various analytical tools to help traders make informed decisions, such as economic calendar, market sentiment, trading signals, news feed, and video tutorials . NSFX provides fewer analytical tools to its clients, such as economic calendar, market news, and trading calculators .
Libertex vs NSFX. Which forex broker is better? Which forex broker should you choose?
There is no definitive answer to which forex broker is better or which one you should choose, as it depends on your personal preferences, trading style, and goals. However, here are some possible advantages and disadvantages of each broker:
Libertex:
- Advantages:
- Low minimum deposit requirement ($10)
- Wide range of tradable assets (over 250)
- Access to its own proprietary platform (Libertex Terminal)
- Various deposit and withdrawal methods
- Various analytical tools
- Disadvantages:
- Commissions on every trade
- Dynamic spreads that can widen during volatile market conditions
- High minimum deposit requirement for professional account ($50,000)
- Inactivity fee after six months of no trading activity ($10 per month)
NSFX:
- Advantages:
- No commissions on any trade
- Fixed spreads that do not change with market conditions
- Access to MT5 and JForex platforms
- Lower minimum deposit requirement for professional account ($3,000) and ECN account ($5,000)
- Disadvantages:
- Higher minimum deposit requirement for standard account ($300)
- Fewer tradable assets (over 100)
- Only bank transfer and credit/debit card as deposit and withdrawal methods
- Fewer analytical tools
- Inactivity fee after three months of no trading activity ($15 per month)
Ultimately, the choice is yours. You should consider your own trading needs, preferences, and objectives before deciding which broker to use. You can also try out their demo accounts to get a feel of their platforms and services.
