This contrast guide assists users that battle to select between FXCM and Libertex to locate the very best online broker for their trading and financial investment demands. It evaluates the main features of both brokers alongside to help individuals contrast their solution and make an educated decision.
To aid users select the best broker in between FXCM and Libertex to discover the best-suited platform, below is a list of broker’s pros and cons, complied with by a contrast of their main trading features, including trading systems & devices, fees, mobile trading, down payment & withdrawal, possessions, guideline, and customer assistance.
FXCM vs. Libertex: Summary
FXCM is a UK-based forex and CFD broker founded in 1999. They offer access to over 400 tradable instruments including 300 CFDs, 41 forex pairs and a handful of shares, indices, commodities, and cryptocurrencies. FXCM is regulated by four tier-one regulators including the FCA, the ASIC, the CySEC, and the FSCA.
FXCM offers a wide range of trading platforms including Trading Station (proprietary trading platform), MT4 and TradingView. Users also have access to various copy trading apps (NinjaTrader, ZuluTrade, and/or Capitalise AI), analysis reports by TradingCentral and 55 charting indicators.
FXCM charges a spread of 1.4pips (EUR/USD) without any commission on their standard account, which is above industry average. The broker doesn’t charge any deposit fees, but charges a $40 withdrawal fee and a $50 a year inactivity fee after 12 months of no login activity.
FXCM’s customer service is available 24/7 by email, phone, and live chat in English, Arabic, and several other languages.
Libertex is a CySEC-regulated forex and CFD broker founded in 1997. Users can trade on various assets, including stocks, cryptocurrencies, forex, metals, indices, agricultural products, oil, gas, ETFs, and options. Additionally, Libertex offers several long-term investing options, such as ‘real dividend-paying stocks’. Trading platforms include a proprietary platform and the full MetaTrader suite.
Libertex trading fees are average compared to other forex and CFD brokers. They charge 0% commission on CFD and stock trading and forex spreads from 0.2 pips (EUR/USD). The broker additionally charges withdrawal fees on selected payment methods but doesn’t charge inactivity fees.
Libertex customer support is available through email (info@libertex.com), phone (+357 22 025 100), and live chat in English.
Pros
- Low minimum deposit ($50)
- Average forex spread and 0% commission
- Various algorithmic and copy trading tools (MT4, ZuluTrade, Trading View)
- Detailed Trade execution reports (execution quality and slippage)
- Feature rich mobile apps
Cons
- Low amount of trading instruments
- Relatively high trading and other fees
Pros
- Low minimum deposit ($100)
- Low spreads from 0,2 pips (EUR/USD)
- MetaTrader 4 and 5 supported
- Algorithmic trading and Expert Advisors allowed
- No hidden fees or commissions
Cons
- cTrader not supported
- Limited selection of assets
- Lacks in-depth education and research material
Key features
- Over 400 CFDs across various markets
- Wide range of platforms (Trading Station, MT4, NinjaTrader, ZuluTrade)
- Multiple order types availability
- TradingView integration
- Support for advanced, algorithmic, and copy trading
- Regulated by 4 tier-one regulators
Key features
- Access to over 300 financial instruments
- Commission-free stock and CFD trading
- Low minimum deposit $100 (400 AED)
- Full MetaTrader suite (MT4 and MT5)
- Fast payouts for verified users
- Award-winning trading platform
FXCM vs. Libertex Comparison
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FXCM
Libertex Review March 2024
BROKER COMPARISON
Trading Platform & Tools
| Automated Trading | ||
| Charting Tools | ||
| Conditional Orders | ||
| cTrader | ||
| Demo Account | ||
| Desktop Platform | ||
| Max Leverage | 1:400 | 1:30 |
| MetaTrader 4 (MT4) | ||
| MetaTrader 5 (MT5) | ||
| Mobile Version | ||
| Mutual Fund Management | ||
| Proprietary Platform | ||
| Social/Copy Trading | Mql5.com | |
| Trading Alerts | ||
| Trading signals | ||
| Watchlist | ||
| Web Version |
Fees
| Withdrawal Fee | $40 | Depends on method |
| Deposit Fee | 0 | 0 |
| Inactivity Fee | $50 per year after 12 months | $10 USD after 180 days of inactivity |
| Cost Per Trade | 0 | 0 |
| Cost Per Month | 0 | 0 |
| Forex (EUR/USD) | 0.2 pips | 0.1 |
| Stocks & ETF | 0 | 0 |
| CFD (Gold) | 0.5 pips | 2 |
| Crypto | 0 | 0 |
| Options | 0 | 0 |
| Conversion Fees | 0 | 0 |
| Misc. Fees | 0 | 0 |
| Overnight Fees |
Deposit & Withdrawal
| Minimum deposit (in UAE) | $300 | 100 USD |
| Bank Wire | ||
| Credit/Debit Card | ||
| Cash | ||
| Check | ||
| Islamic Account Transfer | ||
| E-payments | ||
| Paypal | ||
| Skrill | ||
| Neteller |
Assets
| Shares | 0 | 116 |
| ETF & Funds | 0 | 0 |
| Crypto | 0 | 0 |
| Commodities | 0 | 0 |
| Indices | 0 | 0 |
| Options | 0 | 0 |
| Futures | 0 | 0 |
| Bonds | 0 | 0 |
| Forex Instruments | 45 | 53 |
| CFD Indices & Funds | 15 | 40 |
| CFD Stocks | 219 | 116 |
| CFD Commodities | 12 | 16 |
| CFD Crypto | 7 | 73 |
| CFD Bonds | 1 | 3 |
| Binary Options | 0 | 0 |
| SWAPS | 0 | 0 |
| Saving Plans | 0 | 0 |
Research & Education
| Webinars | ||
| Educational Resources | ||
| Daily News Updates | ||
| Market Indepth Analysis | ||
| Pers. Training & Room | ||
| Market Research |
Customer Support
| Phone | ||
| Live Chat | ||
| 24/7 support | ||
| Multilingual | ||
| Personal Account Manager |
Winner
FXCM vs. Libertex Comparison Conclusion
The outcomes of our comparison of FXCM vs. Libertex are wrapped up in the table listed below.
| Broker: | Best For: |
| FXCM | Forex and CFDs; Algorithmic trading |
| Libertex | Stock and Crypto CFD trading |
Choosing the best choice between FXCM and Libertex can be difficult. Both on-line brokers have resemblances yet differ pertaining to trading tools, systems & apps, policy, deposit & withdrawals, and research and education and learning. Selecting the most effective broker depends on customers’ trading & financial investment objectives, individual preferences, and experience level.
To make a better-informed decision, users can read our detailed broker reviews, comparison or use our broker selector to help them find the ideal broker.