eToro versus Libertex

eToro is a leading social trading broker with a growing presence in cryptocurrencies. It is home to 25M+ traders, making it one of the most active communities, built on CopyTrader, CopyPortfolios, and in-house managed thematic investment portfolios. Its latest venture is an NFT fund, meeting the demand of its core client base. Beginners will benefit from eToro Academy, eToro plus, and The Bull Club.

Libertex caters to nearly 3.0M traders who get the out-of-the-box MT4/MT5 trading platforms and a proprietary mobile app. It maintains a loyalty program, a welcome bonus, and introduced Bitcoin cloud mining, a controversial service. Beginner traders receive a 3-hour educational course.

We have conducted an in-depth review of eToro and Libertex to determine which one presents the better overall choice and which traders will benefit the most at either broker.

Features and Platforms

Features & PlatformseToro (visit site)Libertex (visit site)
Headquarter:IsraelCyprus
Established :
20071997
Retail Loss Rate:
Undisclosed85.9%
Regulation:
Minimum Deposit:
$10 - $10,000$100
Demo Account:
Managed Account:
Islamic Account:
Inactivity Fee
$10 monthly after 12 months$5 monthly after 90 days
Deposit Fee:
Third-PartyYes + Third-Party
Withdrawal Fee
Yes + Third-Party Yes + Third-Party
Funding Methods:
104
MT4:
MT5:
cTrader:
Proprietary Platform:
Automated Trading:
Social / Copy Trading:
MT4/MT5 Add-ons:
Guaranteed Stop Loss:
Negative Balance Protection:
Bonuses and Promotions:
Unique Feature One:
Large trading communityCompetitive trading costs
Unique Feature Two:
Copy-trading platformBroad cryptocurrency selection
Broker Offers:
*74% of retail CFD accounts lose money

Noteworthy:

Forex Club, the owner of Libertex, has a history of regulatory fines, including the temporary suspension of its CySEC license.

Available Markets

Available MarketseToroLibertex
Currency Pairs:
Cryptocurrency Pairs:
Commodities and Metals:
Indices:
Equities:
Bonds:
ETFs:
Options, Futures, and Synthetics:
Maximum Retail Leverage:
1:301:999
Maximum Pro Leverage:
Undisclosed1:999
Retail loss rate:
78.0%85.9%

eToro offers traders a balanced asset selection with 2,000+ CFDs, direct share dealing, and in-house managed thematic portfolios. Libertex features significantly fewer trading instruments but enough for most retail traders to get a sector introduction. It also allows fractional share investments, ideal for smaller portfolios. Both brokers offer above-average cryptocurrency CFD selections.

Typical Spreads and Fees

Typical Spreads & FeeseToroLibertex
Minimum Raw Spreads:
Not applicable0.0 pips
Minimum Standard Spreads:
1.0 pips0.4 pips
Minimum Commission for Forex:
N/A$4.00 per round lot
Commission for Equity CFDs:
0.09%Commission-free
Cash Rebates:
Execution Type:
Market MakerMarket Maker

Trading costs at Libertex are notably lower than at eToro, where minimum Forex costs commence from $10.00 per 1.0 lot versus $4.00 at Libertex. Traders using the Libertex mobile app may get trading costs down to $0.20 per lot, while MT4 traders face a $7.00 commission, but both offer commission-free share dealing.

Security and Trust

eToro

Country of the RegulatorName of the RegulatorLicense Number
US
N/AN/A
Cyprus
Cyprus Securities Exchange Commission109/10
UK
Financial Conduct Authority583263
Australia
Australian Securities and Investments Commission491139
Seychelles
Financial Services AuthoritySD076

Libertex

Country of the RegulatorName of the RegulatorLicense Number
Cyprus
Cyprus Securities and Exchange Commission164/12
Mauritius
Financial Services CommissionС118023400

eToro offers a $1,000,000 third-party insurance program underwritten by Lloyd's of London, but both brokers segregate client deposits from corporate funds and offer negative balance protection. Most international traders will deal with the unregulated unit in St. Vincent and the Grenadines, company registration number 1277 LLC 2021, operated jointly by Forex Club and Mauritius FSC-licensed MAEX Limited.

eToro vs Libertex – Verdict

eToro

ProsCons
Copy-trading with a community numbering almost 25 million tradersHigher minimum deposit requirement but within a reasonable range
User-friendly web-based trading platform and mobile appAbsence of MT4 and no algorithmic trading
Quality educational offering for beginner traders via videos
Balanced asset selection with a focus on equity CFDs and ETFs

Libertex

ProsCons
25+ years operationalQuestionable regulatory history and numerous fines for violations
Competitive spreads, high leverage, and competitive cryptocurrency selectionLimited overall asset selection and few deposit methods
3-hour trading course for beginner tradersInactivity fee after 90 days
Welcome Bonus and Loyalty Program

Libertex trumps eToro in trading costs and availability of the MT4/MT5, supporting algorithmic trading. However, eToro remains the better all-around brokerage, with a broader asset selection and quality trading services unavailable at Libertex. Additionally, eToro is more trustworthy and caters better to its core trader base.

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