ETX vs Libertex | We Compare Brokers
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ETX vs Libertex | Broker Comparison

Review By: Ivan Postoian
Review Updated: 2022-05-09

So you are looking to compare forex brokers, no doubt you are looking for a forex broker comparison which will help you find who has the best forex spreads and forex leverage. We can help! We have done extensive research of the major forex brokers to bring you a set of results with customisable comparisons between brokers. Use our tool below to make a quick comparison between two forex brokers to see who has what rates and fees. Over on the right of the screen, you will see two drop-down fields. Select the brokers you want to compare.

4.1
Rating

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77.2% of retail investor accounts lose money when spread betting or trading CFDs with OvalX. You should consider whether you understand how spread bets or CFDs work and whether you can afford to take the high risk of losing your money.

Pros
  • Heavily regulated, safe and secure broker (FCA, CySEC, FSCA)
  • Competitive spreads in currency pairs – 0.6 pips EUR/USD
  • MT4 and user-friendly proprietary OvalX platform
  • Experienced staff, over two decades in the forex space

 

Cons
  • Limited copy trading offering – MT4 only via EAs
  • Research could be better
  • No US or Canada customers accepted at this time

 

4.3
Rating

Trading CFDs involves substantial risk of loss and may not be suitable for all investors. Trading such high-risk financial contracts may result in the loss of all the client's invested capital. 62.2% of retail investors lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and can afford to take the high risk of losing your money.

Pros
  • Competitive tight spreads, zero commissions on stocks
  • MetaTrader4 and 5 trading platform products and superior web version and mobile app
  • CySEC regulatory oversight
  • 250+ focused product offerings of popular assets for trading
Cons
  • Education support could be broader than videos and FAQs
  • The product portfolio may appear limited to some investors and traders
  • No copy-trading alternative
  • Customers from the US are not accepted
Feature
OvalX
Libertex
Minimum deposit:
250 GBP, EUR, USD
100 Euros
Withdrawal fee amount:
None
Free for PayPal and Skrill ( for other methods fees may apply)
Inactivity fee charged (Y/N):
N
Y
Max leverage:
30:1 EEA/UK (up to 1:400 in foreign jurisdictions)
30:1
Spread from:
0.6
0.1 pips
Number of instruments:
5,000+
Over 250 tradable assets
Year founded:
1965 (rebranded as ETX Capital in 2002)
1997
Time to open account:
1-2 business days
Minutes
Demo account provided (Y/N):
Y
Y
Countries of regulation:
UK, Cyprus (EEA MiFID II), South Africa
European Economic Area, Switzerland
Products offered:
Forex pairs and CFDs for stocks, indices, ETFs, energies, commodities, metals, cryptocurrencies, spread betting
over 250 CFDs, onstocks, indices, commodities, metals, cryptocurrencies, ETFs and FX pairs.
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