First Trade vs Libertex, Who's Better?
Read our In-Depth First Trade vs Libertex Review - for 2024
This First Trade vs Libertex review has been updated to reflect any changes for 2024 by knowledgeable insiders with considerable expertise in CFDs, Social Trading, & Forex.
Please note that due to regulations for each broker, the content in this comparison of First Trade vs Libertex does not apply to all countries as follows:
First Trade Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Libertex Excluded Countries
United States of America, Australia, New Zealand, Belgium, British Virgin Islands, Guam, Lebanon, United States Minor Outlying Islands, Northern Mariana Islands, Uganda, Philippines, Sri Lanka, Kuwait, Azerbaijan, Canada, Armenia, Russian Federation, Japan, Brazil, and Malaysia.
Compare First Trade vs Libertex
Every platforms for online trading will have a few advantages and disadvantages, and a complete First Trade and Libertex review should not be complete without embracing a fair assessment.
Compare Libertex and First Trade to get a better understanding of just how they compare with one another prior to you make an account. Performing a comprehensive comparison will bring aspects in perspective in order that you remain cognizant of what you should anticipate.
So you are looking for a broker and are choosing between First Trade or Libertex. Which one is best in 2024?
This First Trade vs Libertex comparison contains the latest information so you can easily compare Libertex against First Trade.
If you're a new entrant in the world of trading and brokers, so many nuances will be perplexing for you. Getting into the area of trading demands expert analyzing skills and comprehensive understanding. You'll get adept at all the concepts of brokerage since you keep trading. For starters, you have to select the ideal agent who'll be transparent with you constantly.
In this fast-paced world of stock markets and trading, you will need guidance to make correct decisions. A professionally direct investment plan has the potential to generate hefty returns. First Trade and Libertex are two such trading platforms which will take you along with your investment to great heights. It's important to compare First Trade vs Libertex until you trust them with your cash.
Our First Trade vs Libertex comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust First Trade and Libertex side by side.
Our entire First Trade vs Libertex Review covers all you need to learn about trading using either First Trade or Libertex. A good broker can multiply your first investments and give you positive profits. If you want to earn profits, you must trade with a broker service that aligns with your investment goals.
There is no sure-fire way to ensure profits; thus, you must carefully analyze your broker before you choose them. It's a frequent misconception that all agents are the same, but that is not correct. Wrong judgment, initially, can put your investments at risk.
First Trade and Libertex are both brokers which have forged their way successfully into the brokerage world. In this review, we've tried to collate a number of the important aspects of both First Trade and Libertex. This review can help you to know whether either Libertex or First Trade is a good fit for your investments or not. We have tried to breakdown all of the features and charges for your convenience.
Benefits of First Trade and Libertex Compared
First Trade has a minimum deposit of $5 while Libertex has a $117 minimum deposit.
Why smaller minimum deposits are good and how First Trade and Libertex compare
The main reason is that you should only deposit what you can afford. If you you have a lower budget, the broker that offers the lowest deposit option will be more attractive. The other reason is because when speculating on riskier but potentially more rewarding financial instruments you should look to speculate with only a small percentage of your allocated trading funds. Don't let a higher minimum deposit totally put you off a broker, look at the overall trading features you are getting from the trading platform. Often a high minimum deposit gives greater choice in the financial assets and trading platform research features.
First Trade has around 101 financial instruments while Libertex has around 101 financial instruments available.
The more financial instruments you can trade on the First Trade and Libertex trading platforms the better. It is good to have a diverse portfolio and the options available to a user will always vary. Trading is all about grasping potential opportunities and you seriously do not want to miss out on a trading opportunity due to the limitations of First Trade or Libertex.
First Trade and Libertex Contact Details
Being able to contact your broker through many ways is important. First Trade and Libertex have the following contact details and social medias that you can use.
Broker | First Trade | Libertex |
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Telephone Number | +357 22 025 100 | |
info@libertex.com | ||
Address | 116 Gladstonos Street, Michael Kyprianou building, 1st Floor, Limassol 3032, Cyprus | |
First Trade Twitter Account | Libertex Twitter Account | |
First Trade Facebook Page | Libertex Facebook Page | |
First Trade Instagram Account | Libertex Instagram Account | |
First Trade LinkedIn Page | Libertex LinkedIn Page | |
YouTube | First Trade YouTube Channel | Libertex YouTube Channel |
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Libertex and First Trade Mobile App Comparison
It is becoming increasingly important for brokers to offer simple-to-use apps that provide the same services as desktop platforms.
In this part of our comparison of First Trade and Libertex we'll check whether either of their mobile apps tick all the boxes.
We rate overall the user-friendliness of the apps as better than average.
It is important that any trading app has user friendly capabilities especially with the
Search Functions
While most brokers are good at this, there are some poor ones. If you type 'Emerging markets' into the search box, the software will find all Emerging market ETFs, even if the name doesn't begin with 'emerging'. If you only ever traded US stocks and start typing 'Apple', will the AI show you the Apple stock or the obscure Irish stock Applegreen?
First Trade vs Libertex - Awards
Broker | First Trade | Libertex |
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Awards | At the time of writing this First Trade review, and despite First Trade’s impressive offering, the company has surprisingly not garnered any awards to date. |
Libertex have won many industry awards over the time they have been operating as an online broker. We list the most notable awards for Libertex here.
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Find Out More |
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First Trade vs Libertex - Frequently Asked Questions
First Trade vs Libertex - Headquarters And Year Of Founding
First Trade was founded in 2008 and has its headquaters in USA.
Libertex was founded in 2012 and has its head office in Cyprus.
What is the minimum deposit for Libertex or First Trade
The minimum deposit for First Trade is $5.
The minimum deposit for Libertex is $117.
Depending on your circumstances, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both First Trade and Libertex are a good choice.
First Trade vs Libertex - Regulation And Licencing In More Detail
First Trade is regulated by Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA).
Libertex is regulated by Cyprus Securities and Exchange Commission (CySEC) with CIF Licence number 164/12.
Both First Trade and Libertex have a strong collection of rules for ensuring honest trading onto their platforms. For information encryption functions, they supply industry-standard secure socket layers (SSL).
As per their individual privacy policies, client information is never to be shared with any other institutions or individuals. Including credit history and other financial details.
Compare First Trade vs Libertex Commission And Fees
First Trade and Libertex are online brokerage platforms, and most online brokerages charge lower fees than traditional brokerages tend to bill. The reason for this is that the businesses of online trading platforms are scaled better. That is, an online broker isn't necessarily influenced by the amount of clients they have.
However, this does not necessarily mean that online brokers don't charge any fees. They charge prices of varying rates for various services to earn money. There are primarily three different types of penalties for this objective.
The first sort of fees to keep an eye out for are trading charges. Whenever you make a genuine trade, like buying a stock or an ETF, you are charged trading charges. In these instances, you're paying a spread, financing rate, or even a commission. The kinds of trading charges and the rates vary from broker to broker.
Commissions could be fixed or dependent on the traded volume. On the other hand, a spread refers to the gap between the buying and selling price. Financing or overnight rates are those that are billed when you maintain a leveraged position for more than a day.
Apart from trading fees, online agents also bill non-trading fees. These are determined by the actions you undertake on your accounts. They are billed for surgeries like depositing money, not trading for long periods, or withdrawals.
In general, neither First Trade or Libertex charge high fees in comparison to other online brokers. For operations other agents charge for, they do not charge a broker fee, or they charge a smaller sum. This is beneficial for people who regularly trade, such as weekly or daily trading.
However, non-trading fees billed by First Trade and Libertex are comparatively competitive. Consequently, you are charged more for non-trading actions on your trading account, such as withdrawal and deposits. These are not about the sale and purchase of assets.
This First Trade vs Libertex review for 2024 breaks down every one of the relevant non-trading fees for you in detail.
Compare Broker Fees For First Trade And Libertex
What Languages Do First Trade And Libertex Support?
Being able to chat completely with your trading broker is a key element when comparing brokers to find the best broker. Not only for support but to be sure you completely understand everything on their website and inside their app as it is a key factor to success when trading online.
Below you will find all the languages that both First Trade and Libertex support.
How Many Clients Do First Trade and Libertex Have?
Both First Trade and Libertex are well known and trusted. It is important to work with a broker you can trust and one of the most simple ways of establishing this is by knowing how many clients they already work with.
Below you will find details of how many users First Trade and Libertex are active on their platform
What Payment Methods Do First Trade and Libertex Accept?
First Trade and Libertex both offer a wide range of payment options which is vital when you have a global customer base.
Below you will find details of all the payment options available at First Trade and Libertex
What Can You Trade With First Trade and Libertex?
First Trade offers 101 trading instruments while Libertex offers 8.
Below you will find a full breakdown of what both First Trade and Libertex offer.
First Trade Review
First Trade vs Libertex:
Table Of Contents
- Compare First Trade vs Libertex
- Benefits of First Trade and Libertex Compared
- Libertex and First Trade Mobile App Comparison
- First Trade vs Libertex - Awards
- First Trade vs Libertex - Frequently Asked Questions
- What is the minimum deposit for Libertex or First Trade
- First Trade vs Libertex - Regulation And Licencing In More Detail
- Compare Broker Fees For First Trade And Libertex
- What Languages Do First Trade And Libertex Support?
- How Many Clients Do First Trade and Libertex Have?
- What Payment Methods Do First Trade and Libertex Accept?
- What Can You Trade With First Trade and Libertex?