Fortrade
Libertex
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Overview
Fortrade was founded in 1992 and is headquartered in UK, while Libertex was established in 2012 and is based in Cyprus. Fortrade holds licences including Financial Conduct Authority (FCA) FRN: 609970, while Libertex is regulated by Cyprus Securities and Exchange Commission (CySEC) with CIF Licence number 164/12 among others. Fortrade serves 10,000+ clients worldwide; Libertex has 2,200,000+. The minimum deposit is $1 at Fortrade and $117 at Libertex.
| Feature | Fortrade | Libertex |
|---|---|---|
| Min. Deposit | $1 | $117 |
| Regulation | Financial Conduct Authority (FCA) FRN: 609970, National Bank of the Republic of Belarus (NBRB) FRN: 193075810, Australian Securities and Investments Commission (ASIC) ABN: 33 614 683 831 | AFSL: 493520, Canadian Investor Protection Fund (CIPF) CRN: BC1148613, Cyprus Securities and Exchange Commission (CySEC) with CIF license number 385/20 | Cyprus Securities and Exchange Commission (CySEC) with CIF Licence number 164/12 |
| Founded | 1992 | 2012 |
| Country | UK | Cyprus |
| Clients | 10,000+ | 2,200,000+ |
Fees
Fees are a critical factor when choosing between Fortrade and Libertex, directly affecting your bottom line as a trader. Fortrade has a lower barrier to entry with a minimum deposit of $1 (vs $117 at Libertex). Neither broker charges withdrawal fees. Fortrade charges deposit fees; Libertex does not. Overall, Fortrade scores higher on fees in our assessment.
| Feature | Fortrade | Libertex |
|---|---|---|
| Min. Deposit | $1 | $117 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | No |
| CFD Fees | Yes | No |
Platforms
Fortrade offers MT4, MT5, cTrader, while Libertex supports MT4, MT5, a proprietary platform. Both brokers provide mobile trading apps for iOS and Android. Libertex supports social and copy trading features, which Fortrade does not offer. The two brokers are closely matched on platform offering.
| Feature | Fortrade | Libertex |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | No |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, Binary, Tablet & Mobile apps | MT4, MT5, Duplitrade, Mobile Apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Fortrade and Libertex compare. Libertex has a video library; Fortrade does not. Libertex publishes daily market commentary; Fortrade does not. Libertex integrates third-party research tools (Trading Central, Autochartist); Fortrade does not. Libertex scores higher overall in education and research.
| Feature | Fortrade | Libertex |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | No | Yes |
| Weekly Webinars | No | No |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | No | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Fortrade accepts 4 of the tracked payment methods (bank transfer, credit/debit card, PayPal, Neteller), while Libertex supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). Libertex uniquely supports Skrill among the two brokers. Libertex scores higher on deposit and withdrawal flexibility.
| Feature | Fortrade | Libertex |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | Yes |
| Skrill | No | Yes |
| Neteller | Yes | Yes |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both Fortrade and Libertex offer live chat support. Both provide phone support. Email support is available at both brokers. Fortrade supports 1 language and Libertex supports 9, giving Libertex broader global reach. Both brokers are comparable on support quality.
| Feature | Fortrade | Libertex |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English | English, German, Italian, Dutch, Polish, Spanish, French, Portuguese, Chinese |