Libertex
multibank exchange group
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Overview
Libertex was founded in 2012 and is headquartered in Cyprus, while multibank exchange group was established in 2015 and is based in Cyprus. Libertex holds licences including Cyprus Securities and Exchange Commission (CySEC) with CIF Licence number 164/12, while multibank exchange group is regulated by Financial Conduct Authority (FCA) among others. Libertex serves 2,200,000+ clients worldwide; multibank exchange group has 10,000+. The minimum deposit is $117 at Libertex and $250 at multibank exchange group.
| Feature | Libertex | multibank exchange group |
|---|---|---|
| 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-F282 |
| Founded | 2012 | 2015 |
| Country | Cyprus | Cyprus |
| Clients | 2,200,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Libertex and multibank exchange group, directly affecting your bottom line as a trader. Libertex has a lower barrier to entry with a minimum deposit of $117 (vs $250 at multibank exchange group). Neither broker charges withdrawal fees. multibank exchange group charges deposit fees; Libertex does not. Overall, Libertex scores higher on fees in our assessment.
| Feature | Libertex | multibank exchange group |
|---|---|---|
| Min. Deposit | $117 | $250 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
Libertex offers MT4, MT5, a proprietary platform, while multibank exchange group supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Both brokers support copy or social trading, catering to less hands-on investors. The two brokers are closely matched on platform offering.
| Feature | Libertex | multibank exchange group |
|---|---|---|
| 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 multibank exchange group compare. Both provide video tutorials. Libertex publishes daily market commentary; multibank exchange group does not. Both integrate third-party research tools. Libertex scores higher overall in education and research.
| Feature | Libertex | multibank exchange group |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | Yes | No |
| Weekly Webinars | No | No |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| 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 multibank exchange group supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). Both brokers support the same set of payment methods.
| Feature | Libertex | multibank exchange group |
|---|---|---|
| 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 multibank exchange group offer live chat support. Both provide phone support. Email support is available at both brokers. Libertex supports 9 languages and multibank exchange group supports 8, giving Libertex broader global reach. Both brokers are comparable on support quality.
| Feature | Libertex | multibank exchange group |
|---|---|---|
| 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 |