Compare SimpleFX vs Libertex
What is SimpleFX? What is Libertex?
SimpleFX is a free trading and investing app that allows users to trade and stake with no fees and no minimum deposits. It offers a variety of assets, such as cryptocurrencies, stocks, forex, metals, indices, oil and gas, and ETFs. It also has a native coin called SFX that can be used to access exclusive benefits and rewards.
Libertex is an award-winning trading and investing platform that has been operating since 1997. It offers leveraged products such as CFDs on stocks, cryptocurrencies, forex, metals, indices, agriculture, oil and gas, and ETFs. It also has a partnership with Valencia CF and Getafe CF, two Spanish football clubs.
SimpleFX vs Libertex Regulation Comparison
SimpleFX is regulated by the Financial Services Authority (FSA) of St. Vincent and the Grenadines under the license number 21380042B8QJ87V4HA89. It also complies with the General Data Protection Regulation (GDPR) of the European Union.
Libertex is regulated by the Cyprus Securities and Exchange Commission (CySEC) under the license number 164/12. It also complies with the Markets in Financial Instruments Directive (MiFID) of the European Union.
SimpleFX vs Libertex Trading Assets Comparison
SimpleFX offers over 250 tradable assets, including 60+ cryptocurrencies, 50+ forex pairs, 20+ indices, 120+ stocks, 15+ metals, 6 commodities, and 3 ETFs.
Libertex offers over 250 tradable assets, including 50+ cryptocurrencies, 40+ forex pairs, 20+ indices, 100+ stocks, 5 metals, 6 commodities, and 4 ETFs.
SimpleFX vs Libertex Trading Fees Comparison
SimpleFX does not charge any commissions or fees on trading. It only charges a spread, which is the difference between the bid and ask prices of an asset. The spread varies depending on the asset and market conditions. For example, the spread for EUR/USD is as low as 0.2 pips.
Libertex charges a commission on each trade, which is a percentage of the trade value. The commission varies depending on the asset and the account type. For example, the commission for EUR/USD is 0.011% for a standard account and 0.006% for a gold account. Libertex also charges a spread, which is included in the commission.
SimpleFX vs Libertex Account Types Comparison
SimpleFX only offers one type of account for all users. To open an account, users only need an email address. Users can also upgrade their accounts to access more features and benefits by staking SFX coins.
Libertex offers four types of accounts for different levels of users: standard, silver, gold, and platinum. To open an account, users need to provide personal information and verify their identity. Users can also upgrade their accounts to access lower commissions and higher leverage by depositing more funds or trading more volume.
SimpleFX vs Libertex Deposit Options Comparison
SimpleFX supports various deposit and withdrawal options, such as bank transfers, credit cards, e-wallets, and cryptocurrencies. There are no minimum or maximum limits for deposits and withdrawals. However, some methods may incur fees or processing times depending on the provider.
Libertex supports various deposit and withdrawal options, such as bank transfers, credit cards, e-wallets, and cryptocurrencies. The minimum deposit amount is $10 for most methods. The minimum withdrawal amount is $10 for e-wallets and $50 for bank transfers and credit cards. Some methods may incur fees or processing times depending on the provider.
SimpleFX vs Libertex Trading Platforms Comparison
SimpleFX offers three trading platforms: SimpleFX WebTrader, SimpleFX Mobile Apps, and MetaTrader 4. SimpleFX WebTrader is a web-based platform that works on any device and browser. It has a user-friendly interface and advanced features such as charts, indicators, news feed, social trading, etc. SimpleFX Mobile Apps are native apps for iOS and Android devices that allow users to trade on the go. MetaTrader 4 is a popular desktop platform that offers more technical analysis tools and automated trading options.
Libertex offers three trading platforms: Libertex Web Platform, Libertex Mobile Apps, and MetaTrader 5. Libertex Web Platform is a web-based platform that works on any device and browser. It has a simple and intuitive interface and features such as charts, indicators, news feed, signals, etc. Libertex Mobile Apps are native apps for iOS and Android devices that allow users to trade on the go. MetaTrader 5 is the latest version of MetaTrader that offers more technical analysis tools and automated trading options.
SimpleFX vs Libertex Analytical Tools Comparison
SimpleFX provides various analytical tools for traders, such as economic calendar, market reviews, trading ideas, blog posts, tutorials, etc. Users can also access the SimpleFX Academy, which is a free online course that teaches the basics of trading.
Libertex provides various analytical tools for traders, such as economic calendar, market reviews, news posts, signals, etc. Users can also access the Libertex Education, which is a free online course that teaches the basics of trading.
SimpleFX vs Libertex. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker is an important decision that depends on your personal preferences and goals. There is no definitive answer to which forex broker is better, as each one has its own advantages and disadvantages. SimpleFX and Libertex are both regulated and reputable brokers that have been operating for several years. They both offer a wide range of tradable assets, including forex, cryptocurrencies, stocks, indices, metals, commodities, and ETFs. They both also support various deposit and withdrawal methods, such as bank transfers, credit cards, e-wallets, and cryptocurrencies. Ultimately, the best way to decide which broker is more suitable for you is to test them out by opening a demo account or a real account with a small deposit and testing their service and performance.
