Libertex Vs Plus500

Category: Broker Guides | Author: Trading Brokers | Date: June 28, 2023

If you’re looking for a reliable and user-friendly online trading platform, you’ve probably come across two popular options: Libertex and Plus500. In this article, we’ll dive into the features, pros, and cons of both platforms to help you make an informed decision. Whether you’re a beginner or an experienced trader, understanding the strengths and weaknesses of each platform is crucial. So, let’s explore Libertex and Plus500 in detail and discover which one suits your trading preferences.

What is Libertex?

Libertex

Libertex

Libertex is an online trading platform that allows users to trade a wide range of financial instruments, including forex, cryptocurrencies, stocks, commodities, and more. The platform offers an intuitive and user-friendly web-based trading interface, making it accessible for both beginners and experienced traders. Libertex also provides MetaTrader 4 and MetaTrader 5 platforms, catering to advanced traders who require additional features and customization options. The platform also provides real-time charts, technical indicators, and various order types to enhance your trading experience.

Pros of Libertex

  • User-friendly interface suitable for beginners.
  • Diverse range of financial instruments to trade.
  • Offers MetaTrader 4 and MetaTrader 5 platforms for advanced traders.
  • Provides access to global stock markets.
  • Offers a wide range of technical indicators and order types.

Cons of Libertex

  • Fees can be higher compared to some other platforms.
  • Limited customer service availability.
  • Not as extensive research and education tools as some competitors.
  • Limited availability of cryptocurrency options.
  • Potential for slippage and requotes due to STP broker type.
Libertex Logo

Libertex is a regulated online broker proving you with convenient market access to trade a good selection of financial instruments on user-friendly trading platforms for all of your devices. They have good trading conditions with plenty of handy tools for conducting market analysis to find trading signals and make informed decisions.

Trading in financial instruments is a risky activity and can bring not only profits, but also losses.

What is Plus500?

Plus500

Plus500

Plus500 is another well-known online trading platform that enables users to trade various financial instruments, including forex, cryptocurrencies, stocks, commodities, and more. The platform offers a proprietary trading platform accessible via desktop, web, and mobile devices. Plus500 provides a simple yet effective design and a clear interface, making it user-friendly for traders of all experience levels. The platform also offers charting tools, technical indicators, and different order types to assist you in making informed trading decisions.

Pros of Plus500

  • User-friendly interface suitable for beginners.
  • Fixed spreads and no commissions, offering transparent pricing.
  • Availability of diverse financial instruments for trading.
  • Accessible on desktop, web, and mobile devices.
  • Provides basic research tools and demo accounts for practice.

Cons of Plus500

  • Limited availability of customer service languages.
  • Research and education tools are not as extensive as some competitors.
  • Product range is not as diverse as some competitors.
  • Potential for conflicts of interest and price manipulation due to Market Maker broker type.
  • Leverage levels are fixed and uniform for all instruments and markets.
Plus500 Logo

Founded in 2008, Plus500 is a regulated and leading online trading broker providing a large range of 2,000+ CFD instruments for trading on their proprietary trading platforms with very competitive trading conditions.

81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Comparison Between Libertex and Plus500

To determine which platform is more suitable for you, let’s compare Libertex and Plus500 across various factors:

Regulation

Both Libertex and Plus500 are regulated by multiple authorities in different jurisdictions, which enhances their trustworthiness and safety. Libertex holds 1 global Tier-1 license, while Plus500 holds 4. Libertex is authorized by the Cyprus CySEC. Plus500 is authorized by the U.K. FCA, the Australian ASIC, the Singapore MAS and the South Africa FSCA. Both brokers also offer investor protection schemes for their clients in certain regions. Libertex provides up to €20,000 in Cyprus. Plus500 provides up to £85,000 in the U.K., €20,000 in Cyprus and no protection in other countries.

Trading Platform

Libertex offers two main trading platforms: its proprietary web-based platform called Libertex and the popular MetaTrader 4 (MT4) platform. Libertex is a user-friendly and customizable platform that supports advanced charting, technical analysis, news feeds, economic calendars and automated trading. Plus500 also offers its proprietary web-based platform called Plus500 Windows Trader and Plus500 WebTrader. The platform is simple and intuitive, but it lacks some advanced features and tools that other platforms offer. The platform supports basic charting, technical analysis, news feeds, economic calendars and trailing stop orders. Both brokers also have mobile trading apps that are compatible with iOS and Android devices. The apps have similar features and functionalities as their web counterparts and allow traders to trade on the go.

Pricing and Fees

Both Libertex and Plus500 charge low fees for forex and CFD trading. Libertex does not charge any spreads but only commissions and overnight fees. The commissions vary depending on the instrument and market conditions but are generally competitive. For example, the commission for EUR/USD is 0.011%. Plus500 does not charge any commissions but only spreads and overnight fees. The spreads vary depending on the instrument and market conditions but are generally competitive. For example, the spread for EUR/USD is 0.6 pips. Both brokers also charge non-trading fees such as withdrawal fees, inactivity fees and currency conversion fees. Libertex does not charge any withdrawal fees but charges €10 per month after 6 months of inactivity. Plus500 does not charge any withdrawal fees but charges $10 per month after 3 months of inactivity.

Leverage

Both Libertex and Plus500 offer leverage for forex and CFD trading, but the maximum leverage depends on the instrument, the account type and the regulatory jurisdiction. Libertex offers up to 30:1 leverage for forex trading in Cyprus, up to 600:1 leverage for forex trading in other regions except Belarus where it is limited to 100:1, up to 20:1 leverage for CFD trading in Cyprus and up to 10:1 leverage for CFD trading in Belarus. Plus500 offers up to 30:1 leverage for forex trading in the U.K., EU, Australia and New Zealand, up to 300:1 leverage for forex trading in other regions except Singapore where it is limited to 50:1, up to 20:1 leverage for CFD trading in all regions except Singapore where it is limited to 5:1. Trading with high leverage can amplify both profits and losses, so traders should use it with caution and risk management.

Asset Selection

Both Libertex and Plus500 offer a wide range of instruments for forex and CFD trading, but Plus500 has a larger portfolio. Libertex offers 49 forex pairs and over 200 CFDs on stocks, indices, commodities, metals and cryptocurrencies. Plus500 offers 62 forex pairs and over 2,000 CFDs on stocks, indices, commodities, metals, ETFs, options and cryptocurrencies. Both brokers also offer some unique instruments that are not commonly found elsewhere. Libertex offers CFDs on ETFs and real stocks. Plus500 offers CFDs on bonds and physical stocks.

Social Trading

Social trading is a feature that allows traders to copy or follow the trades of other traders or experts. Libertex does not offer any social trading features on its platforms, but it does support third-party social trading platforms such as ZuluTrade and MetaTrader Signals. These platforms allow Libertex clients to connect their accounts and access a variety of social trading services. Plus500 also does not offer any social trading features on its platforms, but it does support third-party social trading platforms such as eToro and TradingView. These platforms allow Plus500 clients to connect their accounts and access a variety of social trading services.

Minimum Deposit

The minimum deposit can vary depending on the broker, the account type and the payment method. Libertex has a minimum deposit requirement of $10 for its accounts, which is relatively low compared to some other brokers. However, the minimum deposit can be higher depending on the payment method. For example, the minimum deposit for credit/debit cards is $10, the minimum deposit for e-wallets is $20 and the minimum deposit for bank transfers is $100. Plus500 has a minimum deposit requirement of $100 for its accounts, which is relatively low compared to some other brokers. However, the minimum deposit can be higher depending on the payment method. For example, the minimum deposit for credit/debit cards is $100, the minimum deposit for e-wallets is $100 and the minimum deposit for bank transfers is $500.

Withdrawal and Deposit Methods

Both Libertex and Plus500 offer various withdrawal and deposit methods for their clients, but Plus500 has more options and faster processing times. Libertex supports credit/debit cards, e-wallets such as Skrill, Neteller and PayPal, and bank transfers for withdrawals and deposits. The processing time for withdrawals is up to 48 hours and the processing time for deposits is instant for cards and e-wallets and up to 3 days for bank transfers. Plus500 supports credit/debit cards, e-wallets such as Skrill, Neteller and PayPal, and bank transfers for withdrawals and deposits. The processing time for withdrawals is up to 24 hours and the processing time for deposits is instant for all methods except bank transfers which can take up to 3 days.

Which Should You Choose: Libertex or Plus500?

Choosing between Libertex and Plus500 depends on your specific trading preferences and requirements. If you value user-friendliness, customization, and a wide range of financial instruments, Libertex might be the better option. On the other hand, if simplicity, intuitive platforms, and a larger portfolio of instruments are your priorities, Plus500 could be the right choice for you. Consider factors like regulation, pricing, leverage, asset selection, and social trading features to make an informed decision that aligns with your trading goals.

Conclusion

Libertex and Plus500 are both reputable and regulated brokers that offer forex and CFD trading to investors and traders worldwide. However, they have some differences in terms of their features and services that may suit different types of traders. Libertex provides a user-friendly interface, customization options, and access to MetaTrader 4, while Plus500 offers simple and intuitive platforms with a broader range of instruments. Ultimately, the best broker for you depends on your personal preferences, trading goals and risk appetite. You should always do your own research before choosing a broker and test their platforms with a demo account before trading with real money.


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