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Do you want to know which is the better broker between Libertex and STARTRADER ?
In the table below, you can compare the features of Libertex , STARTRADER side by side to determine the best fit for your needs.
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EURUSD:-0.1
EURUSD:-2.5
EURUSD:16.6
XAUUSD:22.5
EURUSD: -6.29 ~ 2.73
XAUUSD: -30.8 ~ 22
You can determine the reliability and credibility of a broker by checking four factors:
1.Forex broker introduction。
2.Are the transaction costs and expenses of libertex, iv-markets lower?
3.Which broker is safer?
4.Which broker provides better trading platform?
Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:
Broker Name | Libertex |
Year Founded | 1997 |
Registered Country/Region | Cryprus |
Regulation | CYSEC |
Trading Assets | Stocks, Crypto, Crypto Mining, Forex, Metals, Indices, Agriculture, Oil and Gas, ETFs |
Minimum Deposit | $10 |
Maximum Leverage | Up to 1:500 |
Account Types | Libertex Portfolio, Libertex CFD |
Spreads | Spreads from 0.0 pips |
Commissions | Vary depending on trading account |
Trading Platform | Libertex, MetaTrader 4, MetaTrader 5 |
Deposit and Withdrawal | VISA, MasterCard |
Customer Support | Email, phone, live chat |
Educational Resources | Tutorials, webinars, trading signals, economic calendar |
Bonuses Offered | Yes |
Registered in Saint Vincent and the Grenadines, Libertex is a forex broker that was founded in 1997 and is a popular broker that offers a wide range of trading assets, including forex, commodities, indices, and cryptocurrencies. The minimum deposit required to open an account with Libertex is $100, and the maximum trading leverage offered is up to 1:500.
Libertex operates on a fixed spread model, meaning that there are no commissions charged on trades. Spreads are competitive, and the broker offers a range of account types to cater to different trader needs.
Libertex prides itself on its commitment to customer satisfaction and support, offering excellent customer service through multiple channels, including email, live chat, and social media. The broker also provides a wide range of educational resources to help traders improve their skills and knowledge, including webinars and a comprehensive knowledge center. Over the past 23 years, this broker has grown to the extent it can boast of having over 2. 2 million clients from 110 countries and more than 700 employees.
Here is the home page of this brokers official site:
Libertex is a trademark of Libertex International Company LLC. Libertex.org is operated by Forex Club International LLC, a company registered in St. Vincent and the Grenadines (Registration No. 1277 LLC 2021).
Another Cyprus-based entity, Indication Investments Ltd, regulated by the Cyprus Securities and Exchange Commission (CYSEC) under regulatory license number 164/12.
Libertex offers commission-free trading, a user-friendly platform, and a low minimum deposit requirement. Additionally, the broker provides a range of educational resources and trading tools to support its clients. However, Libertex is not regulated by any major financial authority, and it has limited trading instruments compared to other brokers. The customer support options are also limited, with no live chat or phone support available.
Pros | Cons |
Wide range of tradable assets | Limited deposit and withdrawal options available |
No minimum deposit requirement | Limited research and market analysis resources available |
Multiple trading platforms, MT4, MT5, Libertex | Lack of transparency in pricing |
Offers a demo account for new traders | No 7/24 customer support |
Generous leverage up to 1:500 | |
Low minimum deposit, starting with $50 | |
Multlingual customer support online |
Libertex offers a wide range of market instruments to its clients, including stocks, cryptocurrencies, crypto mining, forex, metals, indices, agriculture, oil and gas, and ETFs. With such a diverse range of instruments, traders have the opportunity to build a well-rounded and diversified portfolio.
Stocks, for instance, allow traders to invest in a variety of companies across different sectors and industries, while cryptocurrencies and crypto mining offer a new and exciting market for those interested in emerging technologies. Forex trading, on the other hand, offers the chance to trade on the fluctuations of global currencies, and metals, such as gold and silver, can provide a hedge against inflation and market volatility. Additionally, indices allow traders to invest in a group of stocks representing a particular sector or country, while agriculture and oil and gas provide exposure to commodities that are essential to global markets. Finally, ETFs provide a convenient and cost-effective way to invest in a basket of securities.
Pros | Cons |
Diverse range of market instruments | Limited number of individual stocks available |
Access to cryptocurrencies and crypto mining | No option to trade options or futures |
Leverage up to 1:500 |
It appears that this broker offers two types of unique trading accounts, Libertex Portfolios and Libertex CFD.
The Libertex Portfolio account is a new kind of account that caters to the needs of both novice and seasoned investors. This account is designed to provide traders with the opportunity to invest in a range of stocks, and this feature has made the Libertex Portfolio a popular choice among investors who seek to diversify their portfolio.
The Libertex CFD account is a comprehensive trading account that is designed to meet the diverse trading needs of investors. With this account, you have access to an array of trading instruments, including cryptocurrencies, forex instruments, gold, oil, and stock indices, among others. The account comes with a flexible leverage system that allows you to use a multiplier of 1 to 999.
Libertex offers a demo account for traders who are new to the platform or want to practice their trading strategies without risking real money. The demo account is free and allows traders to trade with virtual funds in a simulated trading environment. The demo account provides access to all the trading instruments and tools available on the platform, enabling traders to familiarize themselves with the platform's features and functionalities. This allows traders to test their trading strategies in a risk-free environment and get a feel for the market before committing to a real trading account.
To open an account with Libertex, you can follow these steps:
First, visit their website and click on the “Sign Up” button.
Then, enter your personal information, including your full name, email address, and phone number. Next, choose the account type that best suits your trading needs, whether it's the Libertex Portfolio, Libertex CFD, or a demo account.
After selecting your account type, provide any additional information required to verify your identity, such as a government-issued ID or a utility bill.
Once your account is verified, you can then deposit funds using one of the available payment methods, such as credit/debit cards or bank transfers. After making a deposit, you can start trading immediately using the Libertex trading platform, which offers a range of tools and features to help you make informed trading decisions.
Libertex offers a maximum trading leverage of up to 1:500, which is a highly competitive offering compared to other forex brokers in the market. With this leverage, traders can amplify their potential profits by up to 500 times their initial investment, but they should also be aware of the increased risks involved. Additionally, the Libertex CFD account allows traders to use a range of leverage options from 1:1 to 1:999, which provides traders with even greater flexibility in managing their risk and potential profit. Traders should carefully consider their trading strategy and risk tolerance when choosing the appropriate leverage for their trades.
According to the information provided by Libertex, they claim to offer spreads starting from 0.0 pips on certain trading instruments. This means that for these specific instruments, the difference between the bid and ask price can be as low as 0.0 pips, indicating a tight spread.
Regarding commissions, Libertex states that they do not charge any commission fees. This suggests that their fee structure is based solely on the spreads offered. Instead of charging separate commissions per trade, Libertex incorporates the costs within the spreads they provide. This can provide traders with a transparent and all-inclusive pricing model.
It's important to note that while Libertex advertises spreads starting from 0.0 pips and no commissions, the actual spreads may vary depending on market conditions, volatility, and the specific trading instrument. Different trading account types and platforms offered by Libertex may also have varying spreads.
Libertex does not charge any non-trading fees, such as deposit or withdrawal fees, inactivity fees, or account maintenance fees. However, there may be fees charged by payment providers for deposit and withdrawal transactions, which vary depending on the payment method and the user's country of residence. It's important to check the fee schedules of the chosen payment method before initiating any transactions.
Libertex offers three trading platforms for its clients: MetaTrader 4 (MT4), MetaTrader 5 (MT5), and the proprietary Libertex platform.
MT4 and MT5 are popular trading platforms that offer a wide range of trading tools and features. They both support automated trading through Expert Advisors (EAs) and allow for customization of indicators and charting tools. Additionally, they provide access to a large library of educational resources and analysis tools.
MT4 and MT5 are popular trading platforms that offer a wide range of trading tools and features. They both support automated trading through Expert Advisors (EAs) and allow for customization of indicators and charting tools. Additionally, they provide access to a large library of educational resources and analysis tools.
The Libertex platform, on the other hand, is a user-friendly trading platform designed for traders of all levels. It provides a simple and intuitive interface with a range of trading instruments, including stocks, forex, commodities, and cryptocurrencies. The platform also offers a range of technical analysis tools, educational resources, and a news feed to keep traders up to date with the latest market developments.
It appears that this broker offers a 100% welcome deposit bonus for new clients. To be eligible for the bonus, the minimum deposit amount is $100, and the maximum bonus amount is $10,000. This means that if a new client deposits $100, they will receive an additional $100 in bonus funds, making their total account balance $200. However, if a new client deposits $15,000, they will only receive the maximum bonus amount of $10,000, making their total account balance $25,000.
Deposit and withdrawal methods are an important consideration when choosing a forex broker. It's worth noting that for this particular broker, the only available payment methods are Visa and Mastercard. While these methods are widely accepted and convenient for many traders, it's important to keep in mind that some traders may prefer other payment options, such as bank transfers or e-wallets. It's always a good idea to check with the broker's customer support team to ensure that their available payment methods meet your needs before opening an account.
Libertex offers several customer support options, including phone support and email support. Additionally, they offer a live chat feature that allows clients to connect with a customer support representative in real-time to get assistance with their questions or concerns. This feature is available 24/5 and can be accessed directly from the Libertex website.
The live chat feature is a convenient way for clients to get quick answers to their questions or to receive assistance with any issues they may be experiencing. It can also be a helpful resource for new clients who may have questions about the platform or how to use its features.
Libertex offers a variety of educational resources to help traders make informed decisions. Their blog covers a range of topics related to trading, including market analysis, strategies, and trading psychology. In addition to the blog, they also provide a news section that covers major economic events and their potential impact on the market. For traders who want to stay up-to-date on the latest economic events, Libertex offers an economic calendar that shows upcoming releases and their expected impact. Other educational resources include webinars and video tutorials that cover a range of topics from beginner to advanced trading concepts.
Libertex is a Seychelles-based online forex and CFD broker that offers a wide range of trading instruments, including stocks, cryptocurrencies, metals, and indices. The broker provides traders with multiple trading platforms, including MT4, MT5, and their proprietary Libertex platform, which is available for desktop and mobile devices. Additionally, Libertex offers a demo account for beginners to practice trading without risking real money.
However, it has a limited range of payment options and does not offer 24/7 customer support. Furthermore, the lack of educational resources may be a disadvantage for beginner traders who require additional guidance. Overall, Libertex may be a suitable broker for experienced traders seeking a diverse range of trading instruments and platforms, but may not be the best fit for beginners or those in need of comprehensive educational resources and round-the-clock support.
Q 1: | Is Libertex regulated? |
A 1: | Yes. It is regulated by Cyprus Securities and Exchange Commission (CYSEC). |
Q 2: | At Libertex, are there any regional restrictions for traders? |
A 2: | Yes. Libertex does not accept any customers from and does not operate in any of the following restricted countries, such as Russia, USA, Japan, Brazil and European Union; countries identified by FATF as high-risk and non-cooperative jurisdictions having strategic AML/CFT deficiencies; and countries that are under international sanctions. |
Q 3: | Does Libertex offer demo accounts? |
A 3: | Yes. Libertex offers free demo accounts with $50,000 virtual capital. |
Q 4: | Does Libertex offer the industry-standard MT4 & MT5? |
A 4: | Yes. Both MT4 and MT5 are available. |
Q 5: | Does Libertex charge a fee? |
A 5: | Like every forex broker, it charges a spread fee but no commission is charged. It also charges a monthly inactivity fee of €10 applies after 180 days of dormancy. |
Q 6: | Is Libertex a good broker for beginners? |
A 6: | Yes. Libertex is a good choice for beginners because it is regulated well and offers various trading instruments with competitive trading conditions on the leading MT4 and MT5 platforms. Also, it offers demo accounts that allow traders to practice trading without risking any real money. |
STARTRADER | Basic Information |
Founded | 1997 |
Registered Country/Region | Seychelles |
Regulation | ASIC, FSA (Offshore), FSCA |
Broker Type | STP & ECN |
Market Instruments | 50+ currency pairs, 700+ stocks, 10+ commodoties, 20+ indices |
Demo Account | Available |
Leverage | Up to 1:500 |
Spread | From 1.3 pips (Standard account) |
Trading Platforms | MT4, MT5, Webtrader, App |
Minimum Deposit | $50 |
Customer Support | 24/5 live chat, contact form |
Email: info@startrader.com | |
Facebook, Instagram, Twitter, LinkedIn, YouTube, TickTok, Telegram |
*Please note that the information in this table is subject to change and you should always refer to the broker's official website for the most up-to-date information.
STARTRADERL's website is operated by three companies, all belonging to the same Group of Companies, which include:
- Startrader (Cy) Ltd
Registration No: HE 421001
Registered Address: 160 Archbishop Makariou III, 1st Floor, 3026 Limassol, Cyprus.
- STARTRADER International PTY Limited
Registration No: 66663183
Physical Address: Level 35, 31 Markets Street, Sydney NSW 2000, Australia.
Registration Address: Flat/RM A, 12/F, ZJ 300, 300 Lockhart Road, Wanchai, Hong Kong.
Tel: +61 2 9925 4396.
- STARTRADER Limited
Registration No: 8427362-1
Physical Address: Block B, Room 2, No.2, Global Village, Jivan's Complex, Mont Fleuri, Mahe, Seychelles.
Register Address: Suite 3, Global Village, Jivan's Complex, Mont Fleuri, Mahe, Seychelles.
Tel: +248 4325865
Email: info@startrader.com
Pros | Cons |
Regulated by FCA | Regional restrictions |
A good range of tradable instruments | Limited account types offered |
Competitive spreads starting from 0.1 pips | Limited payment methods for deposits and withdrawals |
Multiple trading platforms | No clear information on the minimum deposit for each accounts |
Educational resources available | Limited research tools and market analysis |
No commissions charged on trades | No 24/7 customer support |
Demo account available for testing | No Islamic account |
No deposit fees | |
Low minimum deposit ($50) | |
STP & ECN accounts to choose from | |
Negative balance protection provided |
STARTRADER offers a wide range of tradable instruments, and generous leverage up to 1:500. The broker also provides multiple trading platforms with advanced charting tools and technical analysis indicators, as well as educational resources for traders.
However, there are some downsides, such as regional restrictions and limited account types offered.
STARTRADER has three entities under regulation:
STARTRADER PRIME GLOBAL PTY LTD is regulated by the Australia Securities & Investment Commission(ASIC) under regulatory license number: 421210.
STARTRADER Limited is offshore regulated by the Seychelles Financial Services Authority (FSA) under regulatory license number SD049.
STARTRADER INTERNATIONAL PTY LTD is regulated by the Financial Sector Conduct Authority (FSCA) under regulatory license number 52464.
These regulatory bodies typically require brokers to follow strict operational guidelines intended to protect traders.
Further adding to the broker's credibility is its employment of security measures like segregated client accounts, which refers to the practice of keeping client funds separate from the company's operating funds. It also guarantees negative balance protection, preventing clients from losing more than their account balance. The use of SSL encryption technology ensures secure data transfer.
All these factors suggest that STARTRADER is not a scam and can be considered a legit broker.
However, it's crucial for traders to be cautious and alert. This includes understanding the broker's terms and conditions and researching online reviews to gain a comprehensive understanding of other traders' experiences with the broker.
STARTRADER offers 800+ market instruments for traders to choose from, providing ample opportunities for traders to invest and diversify their portfolios.
Apart from free demo accounts, STARTRADER offers two primary live account types.
The Standard account is designed for traders who prefer fixed spreads, and is well-suited for beginners or traders who prefer a simpler trading experience. This account type offers spreads from 1.3 pips and leverage up to 1:500, with no minimum deposit disclosed.
The ECN account, on the other hand, is tailored to more experienced traders who require a more sophisticated trading experience. This account type offers spread as low as 0.0 pips and allows traders to access the interbank market, which can provide greater liquidity and potentially tighter spreads. It also offers competitive leverage up to 1:500 and no minimum deposit is disclosed.
The accepted currencies are AUD, CAD, EUR, GBP, USD, and NZD.
Opening an account with STARTRADER is a straightforward and easy process that can be completed in just a few simple steps.
Step 1: First, visit the STARTRADER website and click on the “OPEN LIVE ACCOUNT”or “OPEN FREE DEMO ACCOUNT” button. You will be prompted to fill out a registration form, which requires you to provide some personal information, such as email address and password.
Step 2: Next, you will need to provide some additional information, such as your preferred account type (Standard or ECN), currency preference, and trading platform preference.
Step 3: After completing the registration form, you will be asked to verify your email address by clicking on a link sent to your email inbox. You will then need to provide proof of identity and address by uploading a copy of your government-issued ID and a recent utility bill or bank statement.
Step 4: Once your account is approved, you can fund your account and start trading immediately. STARTRADER supports a range of payment methods, including Bank wire transfer, Visa, MasterCard, Sticpay, Perfect Money, Wise, etc.
TARTRADER offers a maximum trading leverage of up to 1:500, which is still relatively high compared to other brokers in the industry. While leverage can magnify potential profits, it can also increase the risks associated with trading.
While STARTRADER does offer transparent trading fees, the exact commission charges for ECN accounts are different due to the instrument being traded and other factors such as account activity.
Account Type | Spread | Commission |
Standard | From 1.3 pips | 0 |
ECN | From 0.0 pips | $7 per lot traded |
For Standard accounts, there are no commissions charged on trades made through the account. Instead, the broker makes money through the spread, which is the difference between the bid and ask price of a financial instrument. The spreads offered by this broker starts from 1.3 pips.
For ECN accounts, the spreads offered by the broker are typically lower, starting from as low as 0.0 pips. However, traders are charged a commission $7 per lot traded.
STARTRADER provides four distinct trading platforms: the widely popular and extensively-used MetaTrader 4 (MT4), its newer and more sophisticated version, MetaTrader 5 (MT5), its proprietary WebTrader platform and App.
MT4 (Windows, Mac, iOS, Android, Webtrader) is renowned for its advanced technical analysis tools, algorithmic trading capabilities, and high-speed trade execution, making it a favored platform amongst traders of all experience levels. It offers traders an array of features, such as customizable charting, real-time quotes, and a vast selection of technical indicators.
MT5 (Windows, Mac, iOS, Android, Webtrader), on the other hand, is the latest version of the MetaTrader platform, offering even more advanced features and capabilities, including enhanced charting and analytical tools, multi-currency support, and a more extensive selection of timeframes. It is also designed to support additional types of assets such as stocks and futures, providing traders with greater market diversity.
STARTRADER's proprietary WebTrader platform, is a web-based trading platform that offers traders a wide range of tools, including real-time quotes, charting tools, and technical analysis indicators, while also providing a user-friendly interface that is easy to navigate.
STARTRADER also provides an App, allowing users to trade anytime and anywhere. It is available for iOS and Android platforms.
STARTRADER's offering of a copy trading feature is great for traders who prefer to capitalize on the expertise of successful traders. Copy trading allows traders to directly copy the positions opened and managed by another selected trader. Hence, when the copied trader makes a trade, the same trade is automatically executed in the copying trader's account.
This can be particularly beneficial for novice traders who are still learning the ropes or people who don't have the time to study and monitor the markets consistently. It provides a form of passive management and can be a way to learn and understand more about trading strategies in real-time.
However, it's crucial to remember that all trading involves risks and just because a trader was successful in the past does not guarantee they will be in the future. Always practice risk management and ensure to align copy trading actions with your risk tolerance and financial goals.
STARTRADER offers a suite of impressive trading tools that contribute towards a comprehensive and efficient trading experience.
They provide a Virtual Private Server (VPS) service which allows traders to run automated algorithmic strategies continuously 24/7 on a virtual machine, facilitating more robust connectivity and faster order execution.
Their economic calendar is a vital tool for fundamental analysis, helping traders track important economic events that have the potential to impact financial markets. This can be beneficial for planning trades and managing risk.
In addition, their news room serves as a source for real-time market news, keeping traders updated about significant developments that can cause market volatility.
STARTRADER supports a variety of deposit and withdrawal methods for its clients, with a minimum deposit requirement of $50. The broker allows deposits via several methods, including Bank wire transfer, Visa, MasterCard, Sticpay, Perfect Money, Wise, etc. There are zero deposit fees on most payment methods.
Deposits made via bank wire transfer can take 3-5 business days to clear, while deposits made via other methods are typically processed instantly. For withdrawals, clients can use the same methods as for deposits, with processing times varying depending on the chosen method.
To withdraw funds, you should log to “My account” with your username and password. Initiate the request to withdraw funds. Here are some important notifications you should notice when withdrawing funds:
There are many promotions available at STARTRADERL, including 20% cumulative bonus up to $10,000, 50% first deposit bonus, 20% subsequent deposit bonus. The registration period is from 00:00 May 13th, 2024 to 23:59 December 31st, 2024 (based on MT4 time).
Affiliate switch bonus is also offered, from 00:00 01.08.2024 to 23:59 31.12.2024 (based on MT4 time). But it is only for FX pairs, Gold, Silver, Oil products and Index. Commodities and Crypto are not applicable.
You can find more detailed info about promotions on their site.
STARTRADER offers some educational resources designed to help traders improve their knowledge and skills in the Forex and CFD markets. These resources include webinars and a knowledge center.
The educational webinars are conducted by market experts who provide traders with insights and analysis on a range of topics, from technical analysis to risk management. The webinars are designed to help traders stay up to date with market developments and make informed trading decisions.
In addition to webinars, STARTRADER also provides traders with a knowledge center, which includes some educational materials such as e-books, videos, and tutorials. These materials are aimed at traders of all levels, from beginners to advanced traders, and cover a wide range of topics such as trading strategies, market analysis, and risk management.
Contact Channel | Details |
LIve chat | |
Contact form | |
info@startrader.com | |
https://www.facebook.com/startrader.intl/ | |
https://www.youtube.com/@Startrader.international/feature | |
https://www.instagram.com/startrader.international/ | |
https://www.linkedin.cn/incareer/company/startrader-global/ | |
https://twitter.com/STARTRADER_int | |
https://www.tiktok.com/@startraderofficial | |
https://t.me/STARTRADER_Official |
Q 1: | Is STARTRADER regulated well? |
A 1: | Yes. It is regulated by ASIC and FCA, and offshore regulated by FSA. |
Q 2: | At STARTRADER, are there any regional restrictions for traders? |
A 2: | Yes. It is not available for Afghanistan, Cuba, Eritrea, Iraq, Islamic Republic of Iran, Israel, Liberia, Libya, Malaysia, Nicaragua, Pakistan, Russian Federation, Somalia, Syrian Arab Republic, Sudan, United States or any other jurisdiction where such distribution, publication, availability or use would be contrary to applicable law or regulation. |
Q 3: | Does STARTRADER offer demo accounts? |
A 3: | Yes. It offers demo accounts for testing. |
Q 4: | What is the maximum leverage offered by STARTRADER? |
A 4: | 1:500. |
Q 5: | Does STARTRADER offer industry leading MT4 & MT5? |
A 5: | Yes. STARTRADER offers MetaTrader4 (MT4), MetaTrader5 (MT5), its proprietary WebTrader platform and App. |
Q 6: | What is the minimum deposit for STARTRADER? |
A 6: | $50. |
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).
To get a comprehensive understanding of how cheap or expensive libertex and iv-markets are, we first considered common fees for standard accounts. On libertex, the average spread for the EUR/USD currency pair is -- pips, while on iv-markets the spread is from 0.1.
To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.
libertex is regulated by CYSEC. iv-markets is regulated by ASIC,FSA,FSCA.
When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.
libertex provides trading platform including -- and trading variety including --. iv-markets provides trading platform including ECN ACCOUNT,STANDARD ACCOUNT and trading variety including 35+ currency pairs, 70+ stocks, 20+ commodities, 20+ indices.