Compare Weltrade vs Libertex
What is Weltrade? What is Libertex?
Weltrade is an international company that has 16+ years of experience in the Forex market and online trading. It offers various types of accounts, platforms, tools, and bonuses for traders of different levels and preferences. It is regulated by the Financial Services Commission Authority (FSCA) of South Africa.
Libertex is a brand with more than 25 years in the financial markets. It provides a platform for trading CFDs on various assets, such as stocks, cryptocurrencies, currencies, metals, indices, commodities, and ETFs. It is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC) under the CIF Licence number 164/12.
Weltrade vs Libertex Regulation Comparison
Weltrade is regulated by the FSCA of South Africa, which is responsible for overseeing the non-banking financial services industry in the country. The FSCA aims to protect customers, promote fair treatment, enhance efficiency, and support financial stability. Weltrade also complies with the anti-money laundering (AML) and know your customer (KYC) policies.
Libertex is regulated by the CySEC of Cyprus, which is one of the most popular regulators for online brokers in Europe. The CySEC is a member of the European Securities and Markets Authority (ESMA) and follows its guidelines and standards. Libertex also adheres to the AML and KYC policies, as well as the Markets in Financial Instruments Directive (MiFID) II, which aims to improve investor protection and market integrity.
Weltrade vs Libertex Trading Assets Comparison
Weltrade offers over 250 trading instruments, including 50+ currency pairs, 100+ stocks, 10+ cryptocurrencies, 10+ metals, 10+ indices, 10+ commodities, 10+ ETFs, and 10+ options. Weltrade also allows trading on digital accounts, which are based on blockchain technology and offer fast execution, low fees, and high security.
Libertex offers over 250 trading instruments as well, but they are all CFDs (contracts for difference), which are derivatives that allow traders to speculate on the price movements of underlying assets without owning them. Libertex offers CFDs on 50+ currency pairs, 100+ stocks, 20+ cryptocurrencies, 10+ metals, 10+ indices, 10+ commodities, and 10+ ETFs.
Weltrade vs Libertex Trading Fees Comparison
Weltrade charges variable spreads that start from 0 pips on some instruments and account types. It also charges commissions that range from $0 to $20 per lot depending on the account type and instrument. Weltrade does not charge any fees for deposits or withdrawals, except for bank transfers that may incur some charges from intermediary banks. Weltrade also charges swap fees for holding positions overnight, which are based on the interest rates of the currencies involved.
Libertex charges fixed spreads that start from 0.2 pips on some instruments and account types. It also charges commissions that vary from 0% to 2.5% depending on the instrument and account type. Libertex does not charge any fees for deposits or withdrawals either, except for bank transfers that may incur some charges from intermediary banks as well. Libertex also charges swap fees for holding positions overnight, which are based on the market rates of the instruments involved.
Weltrade vs Libertex Account Types Comparison
Weltrade offers six types of accounts: Micro ($25 minimum deposit), Premium ($200 minimum deposit), Pro ($500 minimum deposit), ZuluTrade ($200 minimum deposit), Crypto ($50 minimum deposit), and PAMM ($200 minimum deposit). The leverage ratios range from 1:25 to 1:1000 depending on the account type and instrument. The spreads vary from 0 pips to 3 pips depending on the account type and instrument as well. The commissions range from $0 to $20 per lot depending on the account type and instrument too. The platforms available are MetaTrader 4, MetaTrader 5, and WebTrader. The bonuses include first deposit bonus, no commission fees, affiliate program, gold rush, iPhone, and spinner.
Libertex offers two types of accounts: Retail ($100 minimum deposit) and Professional (no minimum deposit, but certain criteria must be met). The leverage ratios range from 1:30 to 1:600 depending on the account type and instrument. The spreads are fixed and start from 0.2 pips depending on the instrument. The commissions vary from 0% to 2.5% depending on the instrument and account type. The platforms available are Libertex, MetaTrader 4, and MetaTrader 5. The bonuses include cashback, loyalty program, and referral program.
Weltrade vs Libertex Deposit Options Comparison
Weltrade offers more than 30 ways to deposit and withdraw funds without any commission fees. The options include Visa, Mastercard, Maestro, Skrill, Neteller, WebMoney, Perfect Money, FasaPay, Qiwi Wallet, Yandex Money, Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple, Tether, and others. The processing time is instant for most options, except for bank transfers that may take up to 3-5 business days. The minimum deposit amount is $10 for most options, except for bank transfers that require $100 or more. The minimum withdrawal amount is $1 for most options, except for bank transfers that require $50 or more.
Libertex offers more than 20 ways to deposit and withdraw funds without any commission fees as well. The options include Visa, Mastercard, Maestro, Skrill, Neteller, WebMoney, Sofort Banking, Trustly, Giropay, iDeal, Rapid Transfer, Multibanco, Przelewy24, Teleingreso, Neosurf, Bitcoin, Ethereum, Litecoin, Bitcoin Cash, and others. The processing time is instant for most options as well, except for bank transfers that may take up to 3-5 business days too. The minimum deposit amount is $10 for most options, except for bank transfers that require $100 or more as well. The minimum withdrawal amount is $10 for most options, except for bank transfers that require $50 or more as well.
Weltrade vs Libertex Trading Platforms Comparison
- Weltrade offers three trading platforms: MetaTrader 4, MetaTrader 5, and WebTrader. MetaTrader 4 is one of the most popular and widely used trading platforms in the world. It offers a user-friendly interface, advanced charting tools, customizable indicators, expert advisors, and automated trading capabilities. MetaTrader 5 is the latest version of MetaTrader that offers more features and functionalities than its predecessor. It supports more execution modes, multi-currency testing, more algorithmic applications, and more pending orders. WebTrader is a web-based platform that does not require any installation or download. It allows traders to access the markets from any device with an internet connection. It has a simple and intuitive interface, fast execution speed, and real-time quotes.
- Libertex offers three trading platforms as well: Libertex, MetaTrader 4, and MetaTrader 5. Libertex is a proprietary platform that is designed specifically for trading CFDs. It has a sleek and modern interface, easy navigation, and customizable settings. It also offers a variety of analytical tools, such as charts, indicators, signals, and news feeds. MetaTrader 4 and MetaTrader 5 are the same platforms that Weltrade offers, but with some differences in terms of spreads and commissions. Libertex charges fixed spreads and commissions that depend on the instrument and account type. Weltrade charges variable spreads and commissions that depend on the account type and instrument as well. Therefore, the trading costs may vary depending on the market conditions and the trading strategy of the trader.
- Libertex offers a mobile app for both iOS and Android devices that allows traders to access the Libertex platform from anywhere. Weltrade also offers a mobile app for both iOS and Android devices that allows traders to access the MetaTrader 4 and MetaTrader 5 platforms from anywhere. Both apps have similar features and functionalities as their desktop versions, such as charts, indicators, orders, history, and news .
- Libertex offers a demo account that allows traders to practice their skills and test their strategies with virtual money. Weltrade also offers a demo account that allows traders to do the same with virtual money. Both demo accounts have unlimited access and can be opened for free .
Weltrade vs Libertex Analytical Tools Comparison
- Both Weltrade and Libertex offer various analytical tools for their clients to enhance their trading performance and decision making. The tools include charts, indicators, signals, news, calendars, calculators, and others.
- Weltrade offers more than 100 technical indicators, 50 graphical objects, 21 timeframes, and 9 chart types on its MetaTrader 4 and MetaTrader 5 platforms. It also offers trading signals from MQL5 community, market news from FxWirePro, economic calendar from FXStreet, trading calculators from Myfxbook, and others.
- Libertex offers more than 40 technical indicators, 10 graphical objects, 9 timeframes, and 3 chart types on its Libertex platform. It also offers trading signals from Trading Central, market news from Reuters, economic calendar from Investing.com, trading calculators from Libertex, and others.
Weltrade vs Libertex. Which forex broker is better? Which forex broker should you choose?
Weltrade and Libertex have some similarities and differences in terms of regulation, trading conditions, platforms, and features. Depending on your trading needs and preferences, you may find one of them more suitable for you. You should also consider other factors such as your trading goals, risk appetite, experience level, and personal preferences before choosing a broker. You can also read some reviews from other traders who have used these brokers to get more insights into their pros and cons.
