Libertex
PaxForex
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Overview
Libertex was founded in 2012 and is headquartered in Cyprus, while PaxForex was established in 2011 and is based in Saint Vincent and the Grenadines. Libertex holds licences including Cyprus Securities and Exchange Commission (CySEC) with CIF Licence number 164/12, while PaxForex is regulated by Financial Services Authority (FSA) among others. Libertex serves 2,200,000+ clients worldwide; PaxForex has 350+. The minimum deposit is $117 at Libertex and $10 at PaxForex.
| Feature | Libertex | PaxForex |
|---|---|---|
| Min. Deposit | $117 | $10 |
| Regulation | Cyprus Securities and Exchange Commission (CySEC) with CIF Licence number 164/12 | Financial Services Authority (FSA), Registration Number 21973 IBC 2014 1825 |
| Founded | 2012 | 2011 |
| Country | Cyprus | Saint Vincent and the Grenadines |
| Clients | 2,200,000+ | 350+ |
Fees
Fees are a critical factor when choosing between Libertex and PaxForex, directly affecting your bottom line as a trader. PaxForex has a lower barrier to entry with a minimum deposit of $10 (vs $117 at Libertex). PaxForex charges withdrawal fees while Libertex does not, giving Libertex an edge for frequent withdrawers. PaxForex charges deposit fees; Libertex does not. Overall, PaxForex scores higher on fees in our assessment.
| Feature | Libertex | PaxForex |
|---|---|---|
| Min. Deposit | $117 | $10 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | No |
Platforms
Libertex offers MT4, MT5, a proprietary platform, while PaxForex 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 | PaxForex |
|---|---|---|
| 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 | Web, iPad, mac, Desktop, iPhone iOS |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Libertex and PaxForex compare. PaxForex 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. PaxForex maintains an archive of past webinars for on-demand viewing. PaxForex scores higher overall in education and research.
| Feature | Libertex | PaxForex |
|---|---|---|
| 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 PaxForex supports 4 (bank transfer, credit/debit card, Skrill, Neteller). Libertex uniquely supports PayPal among the two brokers. Libertex scores higher on deposit and withdrawal flexibility.
| Feature | Libertex | PaxForex |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | No |
| 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 PaxForex offer live chat support. Both provide phone support. Email support is available at both brokers. Libertex supports 9 languages and PaxForex supports 15, giving PaxForex broader global reach. Both brokers are comparable on support quality.
| Feature | Libertex | PaxForex |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, German, Italian, Dutch, Polish, Spanish, French, Portuguese, Chinese | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian |