Libertex vs Interactive Brokers

Libertex vs Interactive Brokers Comparison Table 2023
Libertex Review 2023 Interactive Brokers Review 2023
3.6
4.3

Interactive Brokers is #13 in our CFD broker rankings.

United States Flag Traders from US not accepted
United States Flag Traders from US accepted

Libertex is a well-known broker, established in 2012. The regulated brand has served numerous clients and is regulated by the Cyprus Securities and Exchange Commission with license number 164/12. Libertex offers CFD trading on 250+ underlying assets, including through an innovative and user-friendly proprietary web trader platform. Choose between CFDs on forex, cryptocurrencies, commodities, stocks, indices and ETFs, which are available with tight spreads and low commissions.

Interactive Brokers is a leading global brokerage that provides access to a comprehensive offering of stocks as well as forex, futures, metals, bonds and cryptos. The firm has over 40 years experience in the online trading industry and is heavily regulated by SEC, FCA, IIROC, and SFC. Traders use the proprietary Trader Workstation and can access powerful tools and data feeds as well as comprehensive educational resources.

77.77% of retail investor accounts lose money when trading CFDs with this provider.
Comment by Reviewer
"Libertex will appeal to both beginner and experienced traders thanks to its easy-to-use platform and low fees. The brand is also a good pick for share dealing with commission-free stock investing." "Serious traders seeking a regulated broker with unparalleled access to stock markets should look at IB. Their range of stocks can't be beaten."
Pros
  • Very competitive pricing with low commission fees
  • User-friendly platform as well as support for MT4 and MT5
  • Helpful customer support available in multiple languages
  • 250+ underlying assets as well as investment in real shares
  • Accepts wide range of funding methods
  • 40+ industry awards
  • Tight spreads
  • Gives retail traders unmatched access to global stocks with tens of thousands available from 100+ market centres in 24 countries
  • Direct market access, including to the FTSE 100 index, the CAC 40 and Germany’s DAX 40
  • You can trade from multiple account types, such as IRA, single registered, joint
  • Proprietary workstation comes with powerful tools and charting capabilities
  • Regulated by some of the world's most reputable bodies including in US
  • You have a reliable real-time market data feed, that rarely goes offline
  • Diverse payment options and account currencies
  • Commission reimbursement with Toggle AI
  • Low commissions and tight spreads
Cons
  • List of tradeable underlying assets is small compared to rivals
  • Lacks educational content and other features
  • Limited account options
  • No copy trading
  • Due to the pricing structure, this firm can be more expensive for aggressive traders who trade over $100,000 shares a day
  • Platform and web interface are complex and difficult for beginners to pick up
  • Accessing products like CFDs is not straightforward compared to competitors
  • The TWS platform falls short in terms of technical charting
  • Mediocre customer support
Awards
  • Best CFD Broker 2023
  • Best Trading Platform 2022
  • Best Crypto CFD Broker 2022
  • Best CFD Broker Europe 2022
  • Best FX Broker 2021
  • Most Trusted Broker Europe 2021
  • Best Trading Platform 2021
Instruments
CFDs on Forex, Cryptocurrencies, Metals, Indices, Stocks, Oil & Gas, Agriculture, ETFs Stocks, Futures, E-minis, Options, CFD, Forex, Crypto, Exchange Linked Warrants
Demo Account
Yes Yes
Minimum Deposit
€100 $0
Trading Platforms
  • Libertex (and mobile app)
  • MT4
  • MT5
  • AlgoTrader
  • OmniTrader
  • eSignal
  • TradingCentral
Payment Methods
Minimum Trade
€20 $100
Regulator
CySEC SEC, FCA, IIROC, SFC
Margin Trading
Yes Yes
Margin Rate
1.55 - 2.59%
STP Account
No Yes
ECN Account
No No
DMA Account
No Yes
MAM Account
No Yes
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No Yes
Robo Advisor
No No
Negative Balance Protection
Yes No
Market Maker
Yes No
P2P Trading
No No
Spot Trading
No Yes
Mobile Apps
iOS, Android + Browser iOS, Android and Windows
Copy Trading
No No
Social Trading
No No
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
Yes - if the client is inactive for 180 calendar day. Applies to clients with a total account balance less than 5000 euros (4500 GBP, 5300 CHF, 22500 PLN respectively) $0
Islamic Account
No No
Account Currencies
  • EUR
  • GBP
  • CHF
  • PLN
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • INR
  • JPY
  • SEK
  • NOK
  • DKK
  • CHF
  • HUF
Stock Exchanges
Commodities
CFD Trading
Libertex's list of CFDs covers a decent range of tradeable underlying assets, but there isn't much depth with only around 250 in total. Leverage up to 1:30 for retail clients is available in accordance with CySEC regulations, and traders can choose between three excellent trading platforms. Best of all are the tight spreads available on all markets and the zero commissions on investments in stocks. Trade leveraged CFDs on thousands of global stocks as well as 13 global indices, 80+ forex pairs, and London gold and silver. Leverage is available in line with regulatory requirements.
Leverage
Up to 1:30 (Retail) 1:50
FTSE Spread
Variable 0.005% (£1 Min)
GBPUSD Spread
Variable Commission (.20 pts x trade value)
Oil Spread
Variable N/A
Stocks Spread
Variable From 0.003 per share, variable
Forex Trading
Libertex offers CFD trading on 50+ forex pairs, offering long and short opportunities. Its strength comes in its tight spreads – we were offered 0.2 pips for EUR/USD. Trade 85 major, minor and exotic forex pairs via CFDs on IB's FXTrader platform with tight spreads and low commissions, or trade forex on the spot market. They offer more FX assets than almost any competitor.
Forex App

Libertex offers an iOS and Android-compatible mobile app with advanced features and trading tools. Users can make deposits, execute positions and analyze the markets in a few swipes. Traders can also flick between live and demo mode with one tap.

GBPUSD Spread
From 0.2 Commission (.20 pts x trade value)
EURUSD Spread
From 0.2 Commission (.20 pts x trade value)
EURGBP Spread
From 0.2 Commission (.20 pts x trade value)
Assets
50+ 70+
Currency Indices
  • USD
Cryptocurrency
With 70+ cryptocurrencies available to trade via CFDs with tight spreads, low commissions and overnight swap fees, Libertex is a great option for crypto CFD traders. The list of crypto CFDs includes the usual major players like Bitcoin and a good variety of lesser-known cryptos such as Tezos. Buy and hold Bitcoin, Bitcoin Cash, Ethereum and Litecoin with low commissions of 0.12%–0.18%. Fees are low and the broker offers a secure environment to invest in digital assets.
Spread
Variable Variable
Coins
  • AAVE
  • ADA
  • ALGO
  • APE
  • APT
  • ARB
  • ATM
  • AVA
  • AXS
  • BCH
  • BNB
  • BTC
  • CAKE
  • CHZ
  • COMP
  • DASH
  • DOGE
  • EGLD
  • ENJ
  • EOS
  • ETC
  • ETH
  • FIL
  • FLOW
  • FTM
  • GMT
  • ICP
  • IOT
  • LNK
  • LTC
  • MANA
  • MATIC
  • MKR
  • NEO
  • NOMG
  • ONT
  • QTM
  • ROSE
  • RUNE
  • SAND
  • SHIB
  • SNX
  • SOL
  • STRAT
  • SUSHI
  • THETA
  • TRX
  • TWT
  • UMA
  • UNI
  • VET
  • XEM
  • XLM
  • XMR
  • XRP
  • XTZ
  • ZEC
  • ZRX
  • BTC
  • LTC
  • ETH
  • XRP
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
77.77% of retail investor accounts lose money when trading CFDs with this provider.
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