Xtrade vs Libertex Comparison
Comparing forex brokers side by side is no easy task. Our research team has collected thousands of data points, written hundreds of thousands of words of research, and tested over 60 brokers to help you find the best forex brokers in the industry. Trying to decide between Xtrade and Libertex? Our independent database powered by our unbiased research will help you compare Xtrade vs Libertex side-by-side.
What is Trust Score?
Trust Score is a data-driven rating system that provides an at-a-glance rating of a broker’s overall trust by tracking 60+ brokers and over 100 regulatory jurisdictions across the globe. To make things clearer for everyday traders, we’ve created a five-tier system for regulators and Trust Score rating labels. Learn more about Trust Score, and check out our country guides to see the most trusted brokers in your country of residence.
Can I trust Xtrade?
Xtrade has a Trust Score of 74, giving it a "Average Risk" Trust Score Label.
Can I trust Libertex?
Libertex has a Trust Score of 79, giving it a "Average Risk" Trust Score Label.
Is Xtrade a good broker?
Founded in 2006, Xtrade is a trusted forex broker that holds multiple regulatory licenses from Tier-1 jurisdictions, boosting its overall Trust Score rating. Though Xtrade offers a proprietary platform, the MetaTrader platform suite is unavailable, and with less than 200 available symbols it just can't compete with the best forex brokers.
Is Libertex a good broker?
Founded in 1997, Libertex (Forex Club) has long been a MetaTrader broker, though its more recent Libertex brand in Europe has rolled out a self-titled proprietary trading platform. That said, Libertex holds fewer regulatory licenses than its peers, resulting in a below-average Trust Score.
What Tier-1 jurisdictions is each broker regulated in?
Tier-1 is reserved for the strictest, most stringent regulatory jurisdictions in the world. Tier-1 regulators impose additional capital requirements and require a tougher initial screening process. unfortunately, neither Xtrade nor Libertex are Australia (ASIC Authorised), Canada (CIRO Authorised), Hong Kong (SFC Authorised), CBI Authorised (Ireland), Japan (FSA Authorised), Singapore (MAS Authorised), New Zealand (FMA Authorised), Switzerland (FINMA Authorised), United Kingdom (U.K.) (FCA Authorised) and USA (CFTC Authorized).. Neither have USA (CFTC Authorized)
What Tier-2 jurisdictions is each broker regulated in? What about Tier-3?
Tier-2 and tier-3 licenses are still important in evaluating the overall trustworthiness of forex brokers. As far as tier-2 licenses go, both Xtrade and Libertex are Cyprus (CySEC Authorised) and South Africa (FSCA Authorised).. Neither have China (CBRC Authorised), India (SEBI Authorised), Israel (ISA Authorised), Russia (CBR Authorised), Thailand (SEC Authorised) and UAE (DFSA, FSRA, or CMA Authorised). When comparing tier-3 licenses Xtrade is Belize (FSC Authorised), while Libertex is Mauritius (FSC Authorised) and Vanuatu (VFSC Authorised).. Neither have Bahamas (SCB Authorised), Bermuda (BMA Authorised), British Virgin Islands (FSC Authorised) and Cayman Islands (CIMA Authorised).
Which broker offers more trading platforms?
Whether your broker develops its own proprietary platforms or provides access to popular third-party platforms, you should make sure you can use your preferred type of trading platform. In our testing, we found that Xtrade offers a Proprietary Desktop Trading Platform, whereas Libertex supports a Desktop Platform (Windows). Neither have cTrader, DupliTrade [DELETED] and ZuluTrade [DELETED]
Does Xtrade offer MetaTrader? Does Libertex offer MetaTrader?
For MetaTrader Xtrade provides neither of these, while Libertex provides MetaTrader 4 (MT4) and MetaTrader 5 (MT5). If MetaTrader is a must for you, read our guides on the best MT4 brokers or best MT5 brokers.
How do Xtrade and Libertex differ in terms of minimum deposit? What about average spreads and funding options?
Xtrade requires a minimum deposit of $250, while Libertex requires a minimum deposit of $10. It's also important to ensure your broker accepts the funding options and deposit methods that work best for you. In our research, we've found that Xtrade supports neither of these for funding and deposit methods, whereas Libertex supports Bank Wire (Deposit/Withdraw), PayPal (Deposit/Withdraw) and Skrill (Deposit/Withdraw). Neither have Visa/Mastercard (Credit/Debit) [DELETED]
Which broker offers more tradeable asset classes, Xtrade or Libertex?
When choosing a forex broker, it’s important to consider each broker’s available investment products and tradeable asset classes. We’ve researched each broker’s individual offering of investments to help you pick the right broker for what you want to trade. During our testing, we found that Xtrade delivers a more diverse selection of investment options than Libertex, offering tradeable asset classes and investment types such as Forex Trading (Spot or CFDs), Commodities: Silver, Commodities: Oil, Commodities: Agriculturals and ETF. Neither have Spread Betting.
We also keep track of each broker’s total number of tradeable symbols; Xtrade offers 482, and Libertex offers a total of 1573 tradeable symbols.
Can I trade cryptocurrency with Xtrade or Libertex?
Crypto trading has become popular among forex traders across a range of international jurisdictions. As a result, many forex brokers now offer crypto products to their clients; most crypto assets are offered either as an underlying physical asset (such as when you own actual bitcoin assets, for example) or as a derivative product like a CFD. If you are looking to trade physical cryptocurrencies, you’ll find that neither Xtrade nor Libertex allow you to trade physical cryptocurrencies.
Who offers more research tools, Xtrade or Libertex?
Market research plays a huge role in any forex trader’s ability to conduct analysis within the global forex market. We test each broker’s research offering to help you decide which broker is right for your technical or fundamental analysis needs. Xtrade delivers the following research tools: Daily Market Commentary (Articles) and Forex News (Top-Tier Sources). Libertex, on the other hand, provides the tools listed here: Forex News (Top-Tier Sources), Trading Central and Copy Trading. Neither have Autochartist and Stock Charts [DELETED]
Broker Reviews
Overall winner: Libertex
Popular Forex Guides
More Forex Guides
Popular Forex Reviews
announcementPlease note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.