Compare OctaFx vs Libertex
What is OctaFx? What is Libertex ?
OctaFx is an award-winning forex and CFD broker, founded in 2011. The Cyprus-based entity is regulated by the CySEC while the offshore branch is registered with SVGFSA. The ECN broker offers competitive trading conditions on its 80+ financial instruments, with tight spreads from 0.2 pips, fast execution speeds of 0.1 second and flexible leverage.
Libertex is a well-known brokerage, established in 1997. The multi-regulated brand has served millions of clients and is registered with the CySEC and BaFin. Libertex offers CFD trading on 250+ instruments, including through an innovative and user-friendly proprietary web trader platform. Choose between forex, cryptocurrencies, commodities, stocks, indices and ETFs, which are available with tight spreads and low or zero commissions.
OctaFx vs Libertex Regulation Comparison
Both OctaFx and Libertex are regulated by the Cyprus Securities and Exchange Commission (CySEC), which is a reputable authority in the European Union. This means that they have to comply with strict rules regarding client funds protection, fair trading practices, anti-money laundering and financial reporting. However, OctaFx also has an offshore branch registered with the St Vincent and Grenadines Financial Services Authority (SVGFSA), which is not a very reliable regulator and does not offer much oversight or protection to traders. Libertex, on the other hand, has additional licenses from the German Federal Financial Supervisory Authority (BaFin) and the Belarusian National Bank (NBRB), which are both respected regulators in their jurisdictions.
OctaFx vs Libertex Trading Assets Comparison
Libertex has a clear advantage over OctaFx in terms of the number and variety of trading assets available. Libertex offers CFD trading on over 250 instruments, including forex, cryptocurrencies, commodities, stocks, indices and ETFs. OctaFx only offers around 80 instruments, mostly forex pairs and some CFDs on metals, energies and indices. Moreover, Libertex also provides share dealing services for its clients, allowing them to invest in real stocks without paying any commissions. OctaFx does not offer any stock trading options.
OctaFx vs Libertex Trading Fees Comparison
Both OctaFx and Libertex offer competitive pricing for their clients, with low or zero commissions on most of their instruments. However, there are some differences in their fee structures that may affect your trading costs depending on your trading style and preferences. OctaFx charges no commissions on its Micro account, but applies a floating spread starting from 0.4 pips on major forex pairs. On its Pro account, it charges a commission of $3 per lot round turn, but offers a tighter spread starting from 0.2 pips. On its ECN account, it charges a commission of $6 per lot round turn, but offers a near-zero spread on some pairs. Libertex charges no commissions on its crypto and stock CFDs, but applies a variable spread depending on the market conditions and the instrument traded. On its forex CFDs, it charges a commission ranging from 0% to 0.011% per trade, depending on the account type and the instrument traded. It also offers a discount on the commission for higher account tiers or active traders.
OctaFx vs Libertex Account Types Comparison
OctaFx offers three types of accounts for its clients: Micro, Pro and ECN. The Micro account is suitable for beginners or small traders who want to trade with low minimum deposits ($100) and high leverage (up to 1:500). The Pro account is designed for more experienced traders who want to trade with lower spreads and commissions ($3 per lot). The ECN account is ideal for advanced traders who want to trade with near-zero spreads and higher commissions ($6 per lot).
Libertex offers only one type of account for its clients: Standard. The Standard account has a low minimum deposit requirement ($10) and allows traders to access all the instruments available on the platform. The leverage offered by Libertex varies depending on the instrument traded, ranging from 1:30 for forex majors to 1:600 for some crypto pairs.
OctaFx vs Libertex Deposit Options Comparison
OctaFx supports a wide range of deposit and withdrawal methods for its clients, including bank wire transfers, credit/debit cards, e-wallets (Skrill, Neteller, Perfect Money, etc.), cryptocurrencies (Bitcoin, Ethereum, etc.) and local payment methods (FasaPay, Ngan Luong, etc.). OctaFx does not charge any fees for deposits or withdrawals, and processes them within 1-3 business days.
Libertex also supports a variety of payment options for its clients, including bank wire transfers, credit/debit cards, e-wallets (Skrill, Neteller, Sofort, etc.), cryptocurrencies (Bitcoin, Ethereum, etc.) and local payment methods (Giropay, iDeal, etc.). Libertex does not charge any fees for deposits or withdrawals either, and processes them within 1-5 business days.
OctaFx vs Libertex Trading Platforms Comparison
OctaFx offers two industry-leading platforms for its clients: MetaTrader 4 and MetaTrader 5. These platforms are widely used and trusted by traders around the world, as they offer a range of features and tools for technical analysis, automated trading, custom indicators and expert advisors. OctaFx also offers a web-based version of MT4 and MT5, as well as mobile apps for iOS and Android devices.
Libertex offers its own proprietary web trader platform, which is innovative and user-friendly. The platform has a simple and intuitive interface that allows traders to access the markets with ease. The platform also offers a range of features and tools for charting, risk management, news and analysis. Libertex also supports MT4 and MT5 platforms for its clients who prefer to use them.
OctaFx vs Libertex Analytical Tools Comparison
OctaFx provides its clients with a comprehensive educational content that covers various topics related to forex and CFD trading. The broker offers articles, videos, webinars, tutorials and guides that can help traders improve their skills and knowledge. OctaFx also offers a copy trading service that allows traders to follow and copy the trades of successful traders on the platform.
Libertex provides its clients with a helpful customer support service that is available in multiple languages via phone, email and live chat. The broker also offers a blog that contains market news and analysis, as well as a trading signals service that provides traders with trading ideas and recommendations based on technical and fundamental analysis.
OctaFx vs Libertex . Which forex broker is better? Which forex broker should you choose?
Choosing the right broker depends on your personal preferences, trading goals, risk appetite and budget. However, here are some factors that can help you decide:
- If you want to trade with a wider range of instruments, including share dealing, you may prefer Libertex over OctaFx.
- If you want to trade with lower spreads and commissions, you may prefer OctaFx over Libertex, especially on its Pro and ECN accounts.
- If you want to trade with higher leverage, you may prefer OctaFx over Libertex, as it offers up to 1:500 leverage on its offshore branch.
- If you want to trade with more reliable regulation, you may prefer Libertex over OctaFx, as it has licenses from the CySEC, BaFin and NBRB, while OctaFx has an offshore branch registered with the SVGFSA.
- If you want to trade with more platform options, you may prefer OctaFx over Libertex, as it offers MT4 and MT5 platforms in addition to its web-based platform.
- If you want to trade with more educational content and copy trading service, you may prefer OctaFx over Libertex, as it offers more resources and features for learning and social trading.
Ultimately, the best way to find out which broker is right for you is to try them out yourself. You can open a demo account with both brokers and test their platforms, services and trading conditions without risking real money. This way, you can compare them based on your own experience and make an informed decision.
