Libertex vs Velocity Trade, Updated for 2024
Read our In-Depth Libertex vs Velocity Trade Review - Updated for 2024
Our comprehensive analysis of Libertex and Velocity Trade has been refreshed to reflect any changes for 2024 from seasoned professionals boasting considerable expertise in CFDs, Social Trading, & Forex.
Please note that due to regulations for each broker, the content in this comparison of Libertex vs Velocity Trade does not apply to all countries as follows:
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.
Velocity Trade Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare Libertex vs Velocity Trade
All online trading platforms will have a few pros and cons, and a complete review of Libertex and Velocity Trade would not be complete without adopting a fair assessment.
Compare Velocity Trade and Libertex in order to understand the way they line up with each other prior to you choose to open an account. Performing a comparative analysis will place factors into perspective in order that you're cognizant of what to expect.
So you are looking for a reputable broker and are choosing between Libertex or Velocity Trade. Which one is best in 2024?
This Libertex vs Velocity Trade comparison contains the latest information so you can easily compare Velocity Trade against Libertex.
If you're a new entrant in the world of trading and brokers, so many details will be confusing for you. Getting into the world of trading requires expert assessing skills and comprehensive knowledge. You will acquire adept at all the concepts of broker as you keep trading. For starters, you need to select the right agent who'll be transparent with you constantly.
In this fast-paced world of stock markets and trading, you'll need guidance to make proper decisions. A professionally lead investment plan has the potential to create hefty returns. Libertex and Velocity Trade are just two such platforms which will take you along with your investment into great heights. It is crucial to compare Libertex vs Velocity Trade until you trust them with your money.
Our Libertex vs Velocity Trade comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust Libertex and Velocity Trade side by side.
Our entire Libertex vs Velocity Trade Review covers all you will need to learn about trading using either Libertex or Velocity Trade. A good broker can multiply your initial investments and give you favorable profits. If you want to earn profits, you must trade with a brokerage service that aligns with your investment goals.
There is no sure-fire method to guarantee profits; thus, you should carefully analyze your broker before you choose them. It is a frequent misconception that all brokers are exactly the same, but that is not true. Wrong judgment, in the beginning, can set your investments at risk.
Libertex and Velocity Trade are both brokers that have paved their way successfully into the broker world. Within this review, we have tried to collate some of the important facets of both Libertex and Velocity Trade. This review will allow you to understand whether either Velocity Trade or Libertex is a good fit for your own investments or not. We have attempted to breakdown all of the qualities and fees for your advantage.
Benefits of Libertex and Velocity Trade Compared
Libertex offers a minimum deposit of $117 while Velocity Trade offers a $1 minimum deposit.
Why smaller minimum deposits are good and how Libertex and Velocity Trade 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.
Libertex allows you to trade around 8 financial instruments whilst Velocity Trade has around 8 available.
The more instruments you can trade on the Libertex and Velocity Trade 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 should never want to miss out on a trading opportunity due to the limitations of Libertex or Velocity Trade.
Libertex and Velocity Trade Contact Details
Being able to contact your broker simply is vital. Libertex and Velocity Trade have the following contact details and social medias that you can use.
Broker | Libertex | Velocity Trade |
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Telephone Number | +357 22 025 100 | +61 2 8274 2500 |
info@libertex.com | sales-aus@velocitytrade.com | |
Address | 116 Gladstonos Street, Michael Kyprianou building, 1st Floor, Limassol 3032, Cyprus | Suite 9.01, 95 Pitt Street, Sydney, NSW 2000, Australia |
Libertex Twitter Account | Velocity Trade Twitter Account | |
Libertex Facebook Page | Velocity Trade Facebook Page | |
Libertex Instagram Account | Velocity Trade Instagram Account | |
Libertex LinkedIn Page | Velocity Trade LinkedIn Page | |
YouTube | Libertex YouTube Channel | Velocity Trade YouTube Channel |
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Velocity Trade and Libertex Mobile App Comparison
As more and more traders and investors use their smartphones for trading, it is increasingly important that brokers offer easy-to-use apps that can deliver the same services as desktop platforms.
This part of comparing Libertex and Velocity Trade will examine whether their mobile app meets all our requirements.
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
Although most brokers do OK in this area, there are some bad apples out there. 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?
Libertex vs Velocity Trade - Awards
Broker | Libertex | Velocity Trade |
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Awards |
Libertex have won numerous industry awards over the years they have been operating as a financial broker. We show the most notable awards for Libertex here.
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At the time of writing this Velocity Trade review, and despite Velocity Trade’s impressive offering, the company has surprisingly not garnered any awards to date. |
Find Out More |
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Libertex vs Velocity Trade - Frequently Asked Questions
Libertex vs Velocity Trade - Headquarters And Year Of Founding
Libertex was founded in 2012 and has its head office in Cyprus.
Velocity Trade was founded in 2007 and has its headquaters in Australia.
What is the minimum deposit for Velocity Trade or Libertex
The minimum deposit for Libertex is $117.
The minimum deposit for Velocity Trade is $1.
Depending on your needs, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both Libertex and Velocity Trade are a good option.
Libertex vs Velocity Trade - Regulation And Licencing In More Detail
Libertex is regulated by Cyprus Securities and Exchange Commission (CySEC) with CIF Licence number 164/12.
Velocity Trade is regulated by Australian Securities & Investment Commission (ASIC), BaFIN (German Federal Financial Services Authority ID: 10159853), Financial Markets Authority (FMA) of New Zealand, Financial Sector Conduct Authority of South Africa (FSCA) FSP No. 43295, Financial Conduct Authority (FCA Registered Number 497263).
Both Libertex and Velocity Trade have a powerful set of rules for ensuring honest trading on their platforms. For information encryption purposes, they provide industry-standard secure socket layers (SSL).
As per their privacy regulations, client data is to not be shared with any other institutions or individuals. Including credit history and other financial information.
Compare Libertex vs Velocity Trade Commission And Fees
Libertex and Velocity Trade are online brokerage platforms, and most online brokerages charge lower prices than traditional brokerages tend to charge. The cause of this is that the companies of online trading platforms are scaled better. In other words, an online broker isn't necessarily affected by the amount of customers they have.
However, this does not necessarily mean that online brokers do not charge any fees. They charge fees of varying rates for various services to earn money. There are mainly three different types of penalties for this objective.
The first sort of charges to look out for are trading charges. When you make an actual trade, like purchasing a stock or an ETF, you're billed trading fees. In such cases, you are paying a spread, financing rate, or a commission. The kinds of trading fees and the prices differ from broker to broker.
Commissions could be fixed or dependent on the traded quantity. On the other hand, a spread refers to the difference between the buying and selling price. Funding or overnight prices are people who are charged when you maintain a leveraged position for more than daily.
Aside from trading charges, online brokers also charge non-trading fees. These are determined by the actions you undertake on your accounts. They are billed for operations like depositing money, not investing for long periods, or withdrawals.
In general, neither Libertex or Velocity Trade charge high fees in comparison to other online brokers. For operations other brokers charge for, they either do not charge a brokerage fee, or they charge a lesser amount. This is beneficial for people who often trade, for example daily or weekly trading.
But, non-trading fees charged by Libertex and Velocity Trade are comparatively higher. Consequently, you're charged more for non-trading actions on your trading account, like deposits and withdrawal. These aren't about the sale and purchase of assets.
This Libertex vs Velocity Trade review for 2024 breaks down every one of the applicable non-trading fees for you in detail.
Compare Broker Fees For Libertex And Velocity Trade
What Languages Do Libertex And Velocity Trade Support?
Being able to communicate completely 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 online.
Below you can find the languages that both Libertex and Velocity Trade offer communication in.
How Many Clients Do Libertex and Velocity Trade Have?
Both Libertex and Velocity Trade are well established with their customer base. It is really important to work with a broker you can trust and one of the easiest ways of understanding this is by knowing how many clients are using their services.
Below you will find details of how many customers Libertex and Velocity Trade have
What Payment Methods Do Libertex and Velocity Trade Accept?
Libertex and Velocity Trade 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 Libertex and Velocity Trade
What Can You Trade With Libertex and Velocity Trade?
Libertex offers 8 trading instruments whilst Velocity Trade offers 249.
Below you will find a full breakdown of what both Libertex and Velocity Trade offer.
Libertex Review
Libertex vs Velocity Trade:
Table Of Contents
- Compare Libertex vs Velocity Trade
- Benefits of Libertex and Velocity Trade Compared
- Velocity Trade and Libertex Mobile App Comparison
- Libertex vs Velocity Trade - Awards
- Libertex vs Velocity Trade - Frequently Asked Questions
- What is the minimum deposit for Velocity Trade or Libertex
- Libertex vs Velocity Trade - Regulation And Licencing In More Detail
- Compare Broker Fees For Libertex And Velocity Trade
- What Languages Do Libertex And Velocity Trade Support?
- How Many Clients Do Libertex and Velocity Trade Have?
- What Payment Methods Do Libertex and Velocity Trade Accept?
- What Can You Trade With Libertex and Velocity Trade?