Libertex
mgk global
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Overview
Libertex was founded in 2012 and is headquartered in Cyprus, while mgk global was established in 2011 and is based in Cayman Islands. Libertex holds licences including Cyprus Securities and Exchange Commission (CySEC) with CIF Licence number 164/12, while mgk global is regulated by Financial Conduct Authority (FCA) among others. Libertex serves 2,200,000+ clients worldwide; mgk global has 10,000+. The minimum deposit is $117 at Libertex and $250 at mgk global.
| Feature | Libertex | mgk global |
|---|---|---|
| Min. Deposit | $117 | $250 |
| Regulation | Cyprus Securities and Exchange Commission (CySEC) with CIF Licence number 164/12 | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F278 |
| Founded | 2012 | 2011 |
| Country | Cyprus | Cayman Islands |
| Clients | 2,200,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Libertex and mgk global, directly affecting your bottom line as a trader. Libertex has a lower barrier to entry with a minimum deposit of $117 (vs $250 at mgk global). mgk global charges withdrawal fees while Libertex does not, giving Libertex an edge for frequent withdrawers. mgk global charges deposit fees; Libertex does not. Overall, Libertex scores higher on fees in our assessment.
| Feature | Libertex | mgk global |
|---|---|---|
| Min. Deposit | $117 | $250 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
Libertex offers MT4, MT5, a proprietary platform, while mgk global supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Libertex supports social and copy trading features, which mgk global does not offer. The two brokers are closely matched on platform offering.
| Feature | Libertex | mgk global |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | No | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, MT5, Duplitrade, Mobile Apps | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Libertex and mgk global compare. mgk global runs regular live webinars; Libertex does not. Both provide video tutorials, including advanced content. Daily market commentary is available from both brokers. Both integrate third-party research tools including Trading Central. mgk global maintains an archive of past webinars for on-demand viewing. mgk global scores higher overall in education and research.
| Feature | Libertex | mgk global |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | Yes | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | Yes | Yes |
| Autochartist | Yes | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Libertex accepts 5 of the tracked payment methods (bank transfer, credit/debit card, PayPal, Skrill, Neteller), while mgk global supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). Both brokers support the same set of payment methods.
| Feature | Libertex | mgk global |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | Yes |
| Skrill | Yes | 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 Libertex and mgk global offer live chat support. Both provide phone support. Email support is available at both brokers. Libertex supports 9 languages and mgk global supports 8, giving Libertex broader global reach. Both brokers are comparable on support quality.
| Feature | Libertex | mgk global |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, German, Italian, Dutch, Polish, Spanish, French, Portuguese, Chinese | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic |