Compare Libertex vs RoboMarkets
What is Libertex? What is RoboMarkets?
Libertex is a trading platform used by Indication Investments Ltd., a Cyprus Investment Firm, which is regulated and supervised by the Cyprus Securities and Exchange Commission (CySEC) with CIF Licence number 164/12 and provides investment services to the European Economic Area and Switzerland. Libertex offers trading and investing in more than 250 assets, including forex, stocks, indices, metals, commodities, and cryptocurrencies.
RoboMarkets is a European broker that provides access to more than 12,000 instruments for online trading, including stocks, indices, metals, energy commodities, soft commodities, forex, and cryptocurrencies. RoboMarkets is regulated by the CySEC under license No. 191/13 and operates in accordance with the Markets in Financial Instruments Directive (MiFID II).
Libertex vs RoboMarkets Regulation Comparison
Both Libertex and RoboMarkets are regulated by the CySEC, which means they have to comply with strict rules and standards to ensure the protection of their clients’ funds and interests. Some of these rules include keeping clients’ funds in segregated accounts, participating in the Investor Compensation Fund (ICF), providing negative balance protection, and adhering to the principles of fair and transparent trading.
However, RoboMarkets has an additional regulation from the Financial Services Authority (FSA) of Saint Vincent and the Grenadines under license No. 20779 IBC 2013 for its international clients outside the European Economic Area (EEA) and Switzerland. This means that RoboMarkets can offer higher leverage ratios and lower margin requirements for some instruments to its non-European clients.
Libertex vs RoboMarkets Trading Assets Comparison
Libertex offers more than 250 tradable assets across various categories, such as forex (51 currency pairs), stocks (over 100 companies), indices (15 global indices), metals (gold, silver, palladium, platinum), commodities (oil, gas), and cryptocurrencies (over 50 digital coins).
RoboMarkets offers more than 12,000 tradable instruments across six markets: stocks (over 11,000 US and European companies), indices (28 global indices), metals (gold, silver, palladium, platinum), energy commodities (oil, gas), soft commodities (wheat, corn, coffee), forex (over 40 currency pairs), and cryptocurrencies (7 digital coins).
Libertex vs RoboMarkets Trading Fees Comparison
Libertex charges a commission fee for each trade based on the asset type, the trade volume, and the account type. The commission fee varies from 0% to 2.5% depending on the instrument and can be reduced by up to 50% for premium account holders. Libertex does not charge any spreads or overnight fees for its trades.
RoboMarkets charges different fees depending on the account type and the instrument. For Pro-Standard accounts, RoboMarkets charges variable spreads from 1.3 pips for forex pairs and from 0 points for stocks. For Prime accounts, RoboMarkets charges variable spreads from 0 points for all instruments. For ECN accounts, RoboMarkets charges variable spreads from 0 points plus a commission fee from 15 USD per lot for forex pairs and from 0.015% of the trade volume for stocks. For R StocksTrader accounts, RoboMarkets charges variable spreads from 0 points plus a commission fee of 0.02 USD per share for US stocks. RoboMarkets also charges an overnight fee (swap) for holding positions overnight.
Libertex vs RoboMarkets Account Types Comparison
Libertex offers two types of accounts: Standard and Professional. The Standard account requires a minimum deposit of 100 EUR/USD/GBP and allows trading with leverage up to 1:30 for retail clients. The Professional account requires a minimum deposit of 10,000 EUR/USD/GBP and allows trading with leverage up to 1:600 for professional clients who meet certain criteria.
RoboMarkets offers five types of accounts: Pro-Standard, Pro-Cent, Prime, ECN, and R StocksTrader. The Pro-Standard account requires a minimum deposit of 100 EUR/USD/GBP and allows trading with leverage up to 1:2000 for non-European clients and up to 1:30 for European clients. The Pro-Cent account is similar to the Pro-Standard account but uses cents as the base currency unit. The Prime account requires a minimum deposit of 100 EUR/USD/GBP and allows trading with leverage up to 1:300 for non-European clients and up to 1:30 for European clients. The ECN account requires a minimum deposit of 100 EUR/USD/GBP and allows trading with leverage up to 1:300 for non-European clients and up to 1:30 for European clients. The R StocksTrader account requires a minimum deposit of 100 USD and allows trading with leverage up to 1:20 for non-European clients and up to 1:5 for European clients.
Libertex vs RoboMarkets Deposit Options Comparison
Libertex supports various deposit and withdrawal methods, such as bank cards (Visa, Mastercard, Maestro), bank transfers, electronic wallets (Skrill, Neteller, Sofort, Rapid Transfer, Trustly, iDeal, Giropay), and cryptocurrencies (Bitcoin, Bitcoin Cash, Ethereum, Litecoin). Libertex does not charge any fees for deposits or withdrawals.
RoboMarkets also supports various deposit and withdrawal methods, such as bank cards (Visa, Mastercard), bank transfers, electronic wallets (Skrill, Neteller, WebMoney, FasaPay, Perfect Money), payment systems (PayPal, Klarna, Trustly, Przelewy24), and cryptocurrencies (Bitcoin). RoboMarkets does not charge any fees for deposits but may charge fees for withdrawals depending on the method and the amount.
Libertex vs RoboMarkets Trading Platforms Comparison
Libertex offers two trading platforms: Libertex Web Platform and MetaTrader 4. The Libertex Web Platform is a proprietary web-based platform that allows trading directly from the browser without downloading any software. The platform has a user-friendly interface, advanced charting tools, technical indicators, trading signals, and news feed. The MetaTrader 4 is a popular desktop platform that allows trading with automated strategies, custom indicators, and expert advisors.
RoboMarkets offers four trading platforms: MetaTrader 4, MetaTrader 5, R StocksTrader, and R Trader. The MetaTrader 4 and MetaTrader 5 are desktop platforms that allow trading with automated strategies, custom indicators, and expert advisors. The R StocksTrader is a web-based platform that allows trading stocks without commission. The R Trader is a web-based platform that allows trading more than 12,000 instruments with advanced charting tools, technical indicators, trading robots, and strategy builder.
Libertex vs RoboMarkets Analytical Tools Comparison
Libertex provides various analytical tools to help its clients make informed trading decisions, such as economic calendar, market analysis, trading signals, video reviews, webinars, and educational materials.
RoboMarkets also provides various analytical tools to help its clients improve their trading skills and performance, such as economic calendar, market analysis, trading signals from MQL5 community, video reviews, webinars, educational materials, R Trader Strategy Builder.
Libertex vs RoboMarkets. 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 different brokers may suit different traders depending on their preferences, goals, and strategies. However, you can consider some of the following factors to help you decide:
- Regulation: Both Libertex and RoboMarkets are regulated by the CySEC, which means they are reliable and trustworthy brokers that follow high standards of security and transparency. However, RoboMarkets has an additional regulation from the FSA of Saint Vincent and the Grenadines, which allows it to offer more flexible trading conditions to its non-European clients.
- Trading Assets: Libertex offers more than 250 tradable assets, while RoboMarkets offers more than 12,000 tradable instruments. If you are looking for a wider range of trading opportunities and diversification, RoboMarkets may be a better choice. However, if you are more interested in specific markets or instruments, Libertex may have enough options for you.
- Trading Fees: Libertex charges a commission fee for each trade, while RoboMarkets charges variable spreads and sometimes commission fees depending on the account type and the instrument. If you prefer a simple and transparent fee structure, Libertex may be a better choice. However, if you want to save on trading costs and optimize your profits, RoboMarkets may offer lower fees for some instruments and accounts.
- Account Types: Libertex offers two types of accounts: Standard and Professional. RoboMarkets offers five types of accounts: Pro-Standard, Pro-Cent, Prime, ECN, and R StocksTrader. If you want to trade with higher leverage ratios and lower margin requirements, RoboMarkets may be a better choice for non-European clients. However, if you want to trade with lower leverage ratios and higher margin requirements, Libertex may be a better choice for European clients.
- Deposit and Withdrawal Options: Both Libertex and RoboMarkets support various deposit and withdrawal methods, such as bank cards, bank transfers, electronic wallets, payment systems, and cryptocurrencies. However, Libertex does not charge any fees for deposits or withdrawals, while RoboMarkets may charge fees for withdrawals depending on the method and the amount.
- Trading Platforms: Both Libertex and RoboMarkets offer MetaTrader 4 as a desktop platform for trading with automated strategies, custom indicators, and expert advisors. However, Libertex also offers Libertex Web Platform as a web-based platform for trading directly from the browser without downloading any software. RoboMarkets also offers MetaTrader 5 as a desktop platform for trading with more advanced features and tools. Additionally, RoboMarkets offers R StocksTrader as a web-based platform for trading stocks without commission and R Trader as a web-based platform for trading more than 12,000 instruments with advanced charting tools, technical indicators, trading robots, and strategy builder.
- Analytical Tools: Both Libertex and RoboMarkets provide various analytical tools to help their clients make informed trading decisions, such as economic calendar, market analysis, trading signals, video reviews, webinars, and educational materials. However, RoboMarkets also provides trading signals from MQL5 community and R Trader Strategy Builder as additional tools for creating and testing trading strategies.
Ultimately, the choice between Libertex and RoboMarkets depends on your personal preferences and needs as a trader. You can try out both brokers by opening demo accounts and testing their services and features before making a final decision.
