Compare TradersWay vs Libertex
What is TradersWay? What is Libertex?
TradersWay is a broker that offers a wide range of trading instruments, such as forex, metals, indices, commodities, cryptocurrencies, and binary options. TradersWay was established by a group of financial market professionals in 2011 and is based in Dominica.
Libertex is a broker that provides trading and investing services on various assets, such as stocks, forex, metals, oil, gas, ETFs, options, and cryptocurrencies. Libertex was founded in 1997 and is part of the Libertex Group, which has over 25 years of experience in the financial markets.
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$ |
TradersWay vs Libertex Regulation Comparison
TradersWay is not regulated by any major financial authority and does not provide any information about its license or registration on its website. This means that TradersWay does not have to comply with any strict rules or standards regarding client protection, fund segregation, or dispute resolution.
Libertex is regulated and supervised by the Cyprus Securities and Exchange Commission (CySEC) under the CIF Licence number 164/12. This means that Libertex has to follow the rules and regulations of the European Union, such as the Markets in Financial Instruments Directive (MiFID) and the Investor Compensation Fund (ICF). Libertex also provides investment services to the European Economic Area and Switzerland.
TradersWay vs Libertex Trading Assets Comparison
TradersWay offers over 250 tradable assets across various markets, including forex (over 40 currency pairs), metals (gold, silver, platinum, palladium), indices (major global indices), commodities (oil, gas, coffee, sugar), cryptocurrencies (Bitcoin, Ethereum, Litecoin, Ripple), and binary options.
Libertex offers over 250 tradable assets across different categories, such as forex (over 50 currency pairs), metals (gold, silver), indices (major global indices), commodities (oil, gas), ETFs (exchange-traded funds), options (call/put options on various assets), and cryptocurrencies (Bitcoin, Ethereum, Litecoin, Ripple)
TradersWay vs Libertex Trading Fees Comparison
TradersWay charges variable spreads on its trading instruments, which depend on the market conditions and the account type. The spreads start from 0 pips on the ECN accounts and from 1.5 pips on the VAR accounts. TradersWay also charges commissions on some of its accounts, such as $2.5 per lot on the MT4.ECN account and $3 per lot on the MT5.ECN account. TradersWay does not charge any deposit or withdrawal fees.
Libertex charges commissions on its trading instruments, which vary depending on the asset and the account type. The commissions start from 0% on some of the CFDs on stocks and from 0.03% on some of the CFDs on forex. Libertex also charges spreads on some of its instruments, such as from 0.2 pips on the CFDs on EUR/USD. Libertex does not charge any deposit fees but may charge withdrawal fees depending on the payment method.
TradersWay vs Libertex Account Types Comparison
TradersWay offers four types of accounts: MT4.VAR., MT4.ECN., MT5.ECN., and CT.ECN. The main differences between these accounts are the trading platforms, the spreads, and the commissions. All accounts have a minimum deposit of $10 and a maximum leverage of 1:1000. All accounts allow all trading strategies, such as scalping, hedging, and automated trading.
Libertex offers two types of accounts: Standard and Professional. The main difference between these accounts is the leverage level. The Standard account has a maximum leverage of 1:30 for retail clients and a minimum deposit of $10. The Professional account has a maximum leverage of 1:600 for professional clients and a minimum deposit of $5000. Both accounts allow all trading strategies but may have different commissions depending on the instrument.
TradersWay vs Libertex Deposit Options Comparison
TradersWay offers various deposit and withdrawal options for its clients, such as bank wire transfer, credit/debit cards (Visa/MasterCard), e-wallets (Skrill/Neteller/Perfect Money/FasaPay), cryptocurrencies (Bitcoin/Ethereum/Litecoin/Ripple/USDT). The processing time for deposits is usually instant or within one business day. The processing time for withdrawals is usually within one business day or up to 10 business days for bank wire transfers.
Libertex offers several deposit and withdrawal options for its clients, such as bank wire transfer, credit/debit cards (Visa/MasterCard), e-wallets (Skrill/Neteller), and cryptocurrencies (Bitcoin/Ethereum/Litecoin/Ripple). The processing time for deposits is usually instant or within one business day. The processing time for withdrawals is usually within one business day or up to 5 business days for bank wire transfers.
TradersWay vs Libertex Trading Platforms Comparison
TradersWay offers three trading platforms for its clients: MetaTrader 4, MetaTrader 5, and cTrader. MetaTrader 4 and MetaTrader 5 are the most popular and widely used trading platforms in the world, with advanced features, tools, and indicators. cTrader is a new and user-friendly platform designed especially for ECN trading, with fast execution, market depth, and one-click trading. All platforms are available as desktop, web, and mobile versions.
Libertex offers three trading platforms for its clients: Libertex, MetaTrader 4, and MetaTrader 5. Libertex is an award-winning platform that is simple and convenient to use, with a user-friendly interface, risk management tools, and zero spreads. MetaTrader 4 and MetaTrader 5 are the leading platforms for professional traders, with a wide range of features, tools, and indicators. All platforms are available as desktop, web, and mobile versions.
TradersWay vs Libertex Analytical Tools Comparison
TradersWay provides some analytical tools for its clients, such as economic calendar, market news, trading signals, VPS hosting service, and FxWire Pro newsfeed. These tools can help traders to stay updated on the market events, trends, and opportunities. TradersWay also offers educational resources, such as webinars, articles, videos, and tutorials.
Libertex provides various analytical tools for its clients, such as economic calendar, market news, research reports, market overview, and trading signals. These tools can help traders to gain insights into the market movements, analysis, and strategies. Libertex also offers educational resources, such as courses, videos, webinars, and articles.
TradersWay vs Libertex. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker is a personal decision that depends on your trading preferences, goals, and risk appetite. However, based on the comparison between TradersWay and Libertex, you may consider some of the following factors:
- Regulation: Libertex is regulated by CySEC, which means it has to follow the EU rules and standards for client protection and fund security. TradersWay is not regulated by any major authority, which means it may not offer the same level of safety and transparency as Libertex.
- Trading Assets: Both brokers offer a similar range of trading assets, such as forex, metals, indices, commodities, cryptocurrencies, and options. However, Libertex also offers ETFs, which are diversified portfolios of securities that track the performance of a specific market or sector. ETFs can be a good way to diversify your portfolio and reduce your risk exposure.
- Trading Fees: Both brokers charge different types of fees on their trading instruments, such as spreads, commissions, or zero fees. The fees may vary depending on the account type and the asset. You may want to compare the fees for the instruments that you are interested in trading and see which broker offers more competitive pricing and value for money.
- Account Types: Both brokers offer different account types with different features and benefits. The main difference is the leverage level, which determines how much you can borrow from the broker to trade with. The higher the leverage, the higher the potential profit and loss. Libertex offers a standard account with a maximum leverage of 1:30 for retail clients and a professional account with a maximum leverage of 1:600 for professional clients. TradersWay offers four accounts with a maximum leverage of 1:1000 for all clients.
- Deposit and Withdrawal Options: Both brokers offer various deposit and withdrawal options, such as bank wire transfer, credit/debit cards, e-wallets, and cryptocurrencies. The processing time and fees may differ depending on the payment method. You may want to choose a broker that offers fast, convenient, and low-cost payment options that suit your needs.
- Trading Platforms: Both brokers offer three trading platforms: MetaTrader 4, MetaTrader 5, and their own proprietary platform. MetaTrader 4 and MetaTrader 5 are the most popular and widely used platforms in the world, with advanced features, tools, and indicators. Libertex’s platform is simple and convenient to use, with a user-friendly interface, risk management tools, and zero spreads. TradersWay’s platform is cTrader, which is designed for ECN trading, with fast execution, market depth, and one-click trading. You may want to test the platforms and see which one meets your trading style and preferences.
- Analytical Tools: Both brokers provide various analytical tools, such as economic calendar, market news, research reports, market overview, and trading signals. These tools can help you to gain insights into the market movements, analysis, and strategies. You may want to choose a broker that offers more comprehensive and reliable tools that can enhance your trading performance.
- Educational Resources: Both brokers offer educational resources, such as courses, videos, webinars, and articles. These resources can help you to learn more about the forex market, trading techniques, risk management, and other topics. You may want to choose a broker that offers more relevant and useful resources that can improve your trading skills and knowledge.
In conclusion, TradersWay and Libertex are two online brokers that offer different services and features to traders. There is no definitive answer to which broker is better or which one you should choose. You may want to weigh the pros and cons of each broker based on your own criteria and preferences. You may also want to open a demo account with both brokers and try their platforms and services before making a final decision.
