Plus500 vs Libertex
If you are reading this article, you are likely having trouble deciding whether Plus500 or Libertex is the better trading platform for you. While both platforms generally provide positive user experiences, there are some essential differences to note.
In this Plus500 or Libertex broker comparison, we outline the highlights of each trading platform to help you make a more informed decision. We evaluate:
- Features and Platforms
- Available Markets
- Typical Spreads and Fees
- Security and Trust
- Plus500 vs Libertex - Verdict
|Feature||Plus500 (visit site)||Libertex (visit site)|
|CySEC, FCA, ASIC, FMA, FSB, MAS||CySEC|
Type of Broker:
|Market Maker||Market Maker|
U.S. Clients Allowed:
Commissions / Spreads:
86% of retail CFD accounts lose money
Features and Platforms
Plus500 and Libertex both display their financial strength via sponsorships of well-known soccer teams, both deploy their proprietary trading platforms, but Libertex also supports automated trading via MT4. While neither offers research to clients, the educational content at Libertex remains more valuable compared to Plus500. Libertex, founded in 1997, has more business experience than Plus500, which caters to clients since 2008. Despite better educational tools, 83.0% of retail traders operate portfolios at a loss at Libertex versus 76.4%at Plus500, where the asset selection attracts more advanced traders.
|Type of Platform:||Proprietary platform, Web-based||MetaTrader 4, Proprietary platform, Web-based|
Guaranteed Stop Loss:
Guaranteed Limit Orders:
Interest on Margin:
retail loss rate:
Libertex offers traders assets, commodities, cryptocurrencies, equities, indices, and ETFs. While the choice is sufficient for most new retail traders, more advanced ones demand more assets within each sector. Plus500 delivers on that front with more than 2,000 assets, which also includes options. It allows for more advanced trading strategies as compared to Libertex. Only 41 currency pairs at Libertex provide pure Forex traders with a limited choice, placing this broker in the bottom half. Plus500 maintains 70, ranking it in the top quartile. One sector where Libertex outperforms Plus500 is cryptocurrencies, where a more in-depth selection offers greater exposure.
Typical Spreads and Fees
Plus500 offers commission-free trading with dynamic spreads and above-average but reasonable costs. Libertex counters with a minimum Forex cost of 0.1 pips and a commission of 0.0003%. Active traders could achieve lower fees at Plus500, dependent on trading time and assets. Libertex charges vary depending on the account type, which is uniform at Plus500. A monthly inactivity charge of $10 applies at Plus500 and Libertex, together with swap rates on leveraged overnight positions. Third-party withdrawal costs depend on the payment processor. The Libertex Status program lowers the final cost of trading, but Plus500 achieves better results.
Security and Trust
While Plus500 maintains regulatory oversight by seven global regulators, Libertex owner Indication Investments Ltd, operates only out of Cyprus. Therefore, all clients manage portfolios under a less competitive environment due to ESMA restrictions, while Plus500 offers greater flexibility. Client deposits remain entirely segregated from corporate funds at both brokers, negative balance protection exists, and an investor compensation fund protects traders from the event of default by Plus500 and Libertex. Both provide clients with a secure trading environment, while Libertex is more trustworthy amid past fines levied against Plus500. Since 2017, it has a clean record, and the London Stock Exchange listing and associated capital requirements add to the security of the trading environment.All client funds deposited with Plus500’s Cyprus subsidiary are held in segregated client bank accounts in accordance with the Cyprus Security and Exchange Commission’s (CySEC) client funds rules. Plus500AU Pty Ltd holds client money in a segregated trust account, in accordance with the Australian legal requirements.
Plus500 vs Libertex – Verdict
Traders seeking a broader asset selection and the ability to deploy more complex trading strategies will have a better choice at Plus500. Libertex provides traders with a superior trading platform, including MT4, for automated trading, but the limited asset portfolio is not suitable for more advanced traders. The educational division at Libertex makes it a smarter choice for new traders, while the cryptocurrency selection is excellent. Plus500 caters to a more experienced trader base, but the trading platform remains below average, and the lack of support for automated trading is notable. While neither broker presents a complete product and services portfolio, traders must decide what is more relevant to their trading needs. Give the MT4 trading platform at Libertex, the choices for additional services outstrips that at Plus500. Both brokers rank in the mid-section of global online brokers, with Plus500 taking a slim overall lead over Libertex, with few exceptions.
While Libertex does not maintain a list of trading costs openly on its website, but information on commission costs and swap rates exists. Low-frequency traders may accomplish better pricing at Plus500 with a minimum commission-free spread of 0.8 pips.
Does Libertex or Plus500 offer lower pricing?
While Libertex does not maintain a list of trading costs openly on its website, but information on commission costs and swap rates exists. Low-frequency traders may accomplish better pricing at Plus500 with a minimum commission-free spread of 0.8 pips. A four-tier commission discount scheme at Libertex will offer more value to high-frequency traders.
Is Libertex or Plus500 safer for Forex and CFDs trading?
Libertex and Plus500 offer equal security, but given the multi-regulatory environment at the latter, a more competitive service structure exists at Plus500. Libertex has a spotless record with CySEC, its sole regulator, versus a 2012 FCA fine at Plus500. While security is roughly on par, Libertex remains ahead in trustworthiness.
Which trading platform is better: Libertex or Plus500?
Traders will find a better trading platform at Libertex due to the availability of MT4, absent at Plus500. Both offer a proprietary trading platform for manual traders, where Plus500 maintains an edge. Therefore, manual traders may prefer Plus500. Automated trading solutions must execute at MT4, between those two choices.
Which is better, Libertex, or Plus500?
Despite missteps and shortfalls, Plus500 remains marginally superior over Libertex in the core trading environment, primarily due to the notably better asset selection. Comparing the proprietary trading platforms, Plus500 also remains ahead, but MT4 at Libertex presents traders with the best choice, while high-frequency traders can achieve a friendlier cost structure. Valued-added services exist at Libertex and are missing at Plus500.
How many Forex pairs and CFDs are available to trade?
The asset selection at Plus500 remains the best feature at this broker. Forex traders have 71 currency pairs together with four cryptocurrency pairs to trade. The former offers excellent coverage of the sector, but the former is insufficient. Libertex only maintains 50 Forex pairs but provides access to 46 cryptocurrencies. Therefore, Libertex grants a superior choice. Plus500 shines with 1,737 equity CFDs and a total exceeding 2,400. It remains well ahead of the 128 and less than 270 total CFDs at Libertex.
What are the minimum deposits for these brokers?
The minimum deposit at Plus500 is $100, which ranks this broker in the middle of the range compared to all online brokers. It is an acceptable one and makes trading accounts accessible to most retail traders. While Libertex also commands a $100 minimum deposit, it only applies to the initial account funding. Follow-on transactions carry a minimum requirement of just $10, offering more flexibility to traders.