Blitzbrokers
Libertex
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Overview
Blitzbrokers was founded in 1982 and is headquartered in Hong Kong, while Libertex was established in 2012 and is based in Cyprus. Blitzbrokers holds licences including Securities and Futures Commission (SFC), while Libertex is regulated by Cyprus Securities and Exchange Commission (CySEC) with CIF Licence number 164/12 among others. Blitzbrokers serves 10,000+ clients worldwide; Libertex has 2,200,000+. The minimum deposit is $1 at Blitzbrokers and $117 at Libertex.
| Feature | Blitzbrokers | Libertex |
|---|---|---|
| Min. Deposit | $1 | $117 |
| Regulation | Securities and Futures Commission (SFC) | Cyprus Securities and Exchange Commission (CySEC) with CIF Licence number 164/12 |
| Founded | 1982 | 2012 |
| Country | Hong Kong | Cyprus |
| Clients | 10,000+ | 2,200,000+ |
Fees
Fees are a critical factor when choosing between Blitzbrokers and Libertex, directly affecting your bottom line as a trader. Blitzbrokers has a lower barrier to entry with a minimum deposit of $1 (vs $117 at Libertex). Neither broker charges withdrawal fees. Overall, Blitzbrokers scores higher on fees in our assessment.
| Feature | Blitzbrokers | Libertex |
|---|---|---|
| Min. Deposit | $1 | $117 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
Blitzbrokers offers MT5, cTrader, while Libertex supports MT4, MT5, a proprietary platform. Both brokers provide mobile trading apps for iOS and Android. Both brokers support copy or social trading, catering to less hands-on investors. Libertex edges ahead on platform breadth and functionality in our scoring.
| Feature | Blitzbrokers | Libertex |
|---|---|---|
| MT4 | No | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | No |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | Desktop,WEB,Android | MT4, MT5, Duplitrade, Mobile Apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Blitzbrokers and Libertex compare. Both provide video tutorials. Libertex publishes daily market commentary; Blitzbrokers does not. Both integrate third-party research tools. Libertex scores higher overall in education and research.
| Feature | Blitzbrokers | Libertex |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | No | Yes |
| Weekly Webinars | No | No |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | Yes | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Blitzbrokers accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while Libertex supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). Libertex uniquely supports PayPal and Skrill and Neteller among the two brokers. Libertex scores higher on deposit and withdrawal flexibility.
| Feature | Blitzbrokers | Libertex |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | Yes |
| Skrill | No | Yes |
| Neteller | No | Yes |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both Blitzbrokers and Libertex offer live chat support. Both provide phone support. Email support is available at both brokers. Blitzbrokers supports 2 languages and Libertex supports 9, giving Libertex broader global reach. Both brokers are comparable on support quality.
| Feature | Blitzbrokers | Libertex |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, German, Italian, Dutch, Polish, Spanish, French, Portuguese, Chinese |