IC Markets vs Libertex, for 2023
Read our In-Depth IC Markets vs Libertex Review - Updated for 2023
This comprehensive analysis of IC Markets and Libertex has been updated for 2023 from knowledgeable insiders with extensive expertise across Forex, Social Trading, & CFDs.
Please note that due to regulations for each broker, the content in this comparison of IC Markets vs Libertex does not apply to all countries as follows:
IC Markets Excluded Countries
United States of America, Canada, Israel, New Zealand, Japan, and Iran.
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 IC Markets vs Libertex
All online trading platforms will have a few ups and downs, so a complete review of IC Markets and Libertex should not be complete without embracing a balanced approach.
Assess Libertex and IC Markets to get a better understanding of just how these platforms line up with one another before you create an account. A side-by-side comparison helps to place factors in perspective to ensure that you're cognizant of the expectations.
So you are looking for an online trading platform and are choosing between IC Markets or Libertex. Which one is best in 2023?
Our IC Markets vs Libertex comparison contains the latest information so you can easily compare Libertex against IC Markets.
If you are a new entrant in the realm of trading and brokerages, so many nuances will be confusing for you. Getting into the world of trading requires expert assessing skills and thorough understanding. You'll get proficient at all the concepts of broker since you keep trading. For starters, you need to select the ideal broker who'll be transparent with you constantly.
In this fast-paced world of stock markets and trading, you will need advice to make proper decisions. A professionally direct investment plan has the potential to create hefty returns. IC Markets and Libertex are two such stages which will take you and your investment to great heights. It's important that you compare IC Markets vs Libertex before you trust them with your cash.
Our IC Markets vs Libertex comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust IC Markets and Libertex side by side.
Our full IC Markets vs Libertex Review covers all you will need to learn about trading with either IC Markets or Libertex. A good agent can multiply your first investments and give you favorable profits. If you would like to earn profits, you should trade with a brokerage service that aligns with your investing goals.
There is no sure-fire method to guarantee profits; thus, you should carefully analyze your agent before you select them. It is a frequent misconception that all brokers are the same, but that's not correct. Wrong judgment, in the beginning, can set your investments in danger.
IC Markets and Libertex are both brokers which have found their way successfully into the broker world. Within this review, we've attempted to collate a number of the vital aspects of both IC Markets and Libertex. This review can help you to know whether either Libertex or IC Markets is a good match for your investments or not. We've tried to breakdown all the features and fees for your convenience.
Benefits of IC Markets and Libertex Compared
IC Markets offers a minimum deposit of $200 while Libertex offers a $117 minimum deposit.
Why smaller minimum deposits are good and how IC Markets 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.
IC Markets has around 232 financial instruments while Libertex has around 232 available.
The more instruments you can trade on the IC Markets 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 IC Markets or Libertex.
IC Markets and Libertex Contact Details
Being able to contact your broker simply is vital. IC Markets and Libertex have the following contact details and social medias that you can use.
|Telephone Number||+248 467 19 76||+357 22 025 100|
|Address||Level 4, 50 Carrington Street, Sydney NSW 2000||116 Gladstonos Street, Michael Kyprianou building, 1st Floor, Limassol 3032, Cyprus|
|IC Markets Twitter Account||Libertex Twitter Account|
|IC Markets Facebook Page||Libertex Facebook Page|
|IC Markets Instagram Account||Libertex Instagram Account|
|IC Markets LinkedIn Page||Libertex LinkedIn Page|
|YouTube||IC Markets YouTube Channel||Libertex YouTube Channel|
|Find Out More||
Libertex and IC Markets 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 IC Markets 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 the average.
It is important that any trading app has user friendly capabilities especially with the
While most brokers are good at this, there are some poor ones. For example, if you start typing 'Emerging markets', will the software find all the Emerging markets ETFs for you, even if their name doesn't start 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?
IC Markets vs Libertex - Awards
IC Markets have won several industry awards over the years they have been operating as a financial broker. We detail the most recognised awards for IC Markets below.
Libertex have won a lot of industry awards over the time they have been running as an online trading platform. We detail the most notable awards for Libertex below.
|Find Out More||
IC Markets vs Libertex - Frequently Asked Questions
IC Markets vs Libertex - Headquarters And Year Of Founding
IC Markets was founded in 2007 and has its head office in Australia.
Libertex was founded in 2012 and has its headquaters in Cyprus.
What is the minimum deposit for Libertex or IC Markets
The minimum deposit for IC Markets is $200.
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 IC Markets and Libertex are a good option.
IC Markets vs Libertex - Regulation And Licencing In More Detail
IC Markets is regulated by Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC).
Libertex is regulated by Cyprus Securities and Exchange Commission (CySEC) with CIF Licence number 164/12.
Both IC Markets and Libertex have a powerful collection of rules for ensuring honest trading onto their individual platforms. For data encryption purposes, they supply industry-standard secure socket layers (SSL).
In accordance with their individual privacy policies, client information is to not be shared with any other institutions or individuals. This includes credit history and other financial details.
Compare IC Markets vs Libertex Commission And Fees
IC Markets and Libertex are online broker platforms, and many online brokerages charge lower prices than traditional brokerages tend to charge. The reason for this is that the companies of online brokerages are scaled better. In other words, an internet broker is not necessarily influenced by the number of clients they have.
However, this does not necessarily mean that online brokers do not charge any fees. They charge fees of varying rates for a variety of services to earn money. There are mainly 3 different types of penalties for this objective.
The first kind of charges to keep an eye out for are trading fees. Whenever you make a genuine trade, like purchasing a stock or an ETF, you are charged trading charges. In these cases, you're paying a spread, financing rate, or a commission. The sorts of trading charges and the prices differ from broker to broker.
Commissions could be fixed or determined by the traded volume. On the other hand, a spread denotes the difference between the buying and selling price. Funding or overnight rates are those who are charged when you hold a leveraged position for more than a day.
Aside from trading charges, online agents also charge non-trading fees. These are determined by the activities you undertake in your account. They're charged for surgeries like depositing cash, not trading for long periods, or withdrawals.
In general, neither IC Markets or Libertex charge high fees in comparison to other online brokers. For operations other agents charge for, they either do not charge a brokerage fee, or they charge a lesser amount. This can be beneficial for those who often trade, for example daily or weekly trading.
But, non-trading fees charged by IC Markets and Libertex are comparatively greater. Consequently, you're billed more for non-trading actions in your trading account, such as deposits and withdrawal. These are not related to the sale and purchase of resources.
This IC Markets vs Libertex review for 2023 breaks down every one of the applicable non-trading charges for you in detail.
Compare Broker Fees For IC Markets And Libertex
What Languages Do IC Markets And Libertex Support?
Being able to communicate easily with your trading broker is a key way of comparing brokers to find the best broker. Not only for support but to ensure you understand everything on their site and inside their app as it is a key part of success when trading forex.
Below you will find the languages that both IC Markets and Libertex offer communication in.
How Many Clients Do IC Markets and Libertex Have?
Both IC Markets and Libertex are well known and trusted. It is really important to work with an online broker you can trust and one of the easiest ways of understanding this is by knowing how many customers are using their services.
Below you will find details of how many users IC Markets and Libertex are active on their platform
What Payment Methods Do IC Markets and Libertex Accept?
IC Markets 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 IC Markets and Libertex
What Can You Trade With IC Markets and Libertex?
IC Markets offers 232 trading instruments and Libertex offers 8.
Below you will find a full breakdown of what both IC Markets and Libertex offer.
IC Markets Review
IC Markets vs Libertex:
Table Of Contents
- Compare IC Markets vs Libertex
- Benefits of IC Markets and Libertex Compared
- Libertex and IC Markets Mobile App Comparison
- IC Markets vs Libertex - Awards
- IC Markets vs Libertex - Frequently Asked Questions
- What is the minimum deposit for Libertex or IC Markets
- IC Markets vs Libertex - Regulation And Licencing In More Detail
- Compare Broker Fees For IC Markets And Libertex
- What Languages Do IC Markets And Libertex Support?
- How Many Clients Do IC Markets and Libertex Have?
- What Payment Methods Do IC Markets and Libertex Accept?
- What Can You Trade With IC Markets and Libertex?