Libertex
selftrade
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Overview
Libertex was founded in 2012 and is headquartered in Cyprus, while selftrade was established in 2013 and is based in Australia. Libertex holds licences including Cyprus Securities and Exchange Commission (CySEC) with CIF Licence number 164/12, while selftrade is regulated by Financial Conduct Authority (FCA) among others. Libertex serves 2,200,000+ clients worldwide; selftrade has 14,000,000+. The minimum deposit is $117 at Libertex and $250 at selftrade.
| Feature | Libertex | selftrade |
|---|---|---|
| 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-F304 |
| Founded | 2012 | 2013 |
| Country | Cyprus | Australia |
| Clients | 2,200,000+ | 14,000,000+ |
Fees
Fees are a critical factor when choosing between Libertex and selftrade, directly affecting your bottom line as a trader. Libertex has a lower barrier to entry with a minimum deposit of $117 (vs $250 at selftrade). selftrade charges withdrawal fees while Libertex does not, giving Libertex an edge for frequent withdrawers. selftrade charges deposit fees; Libertex does not. Overall, Libertex scores higher on fees in our assessment.
| Feature | Libertex | selftrade |
|---|---|---|
| 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 selftrade 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 | selftrade |
|---|---|---|
| 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 selftrade compare. Both provide video tutorials. Libertex publishes daily market commentary; selftrade does not. Both integrate third-party research tools. Libertex scores higher overall in education and research.
| Feature | Libertex | selftrade |
|---|---|---|
| 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 selftrade supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). Both brokers support the same set of payment methods.
| Feature | Libertex | selftrade |
|---|---|---|
| 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 selftrade offer live chat support. Both provide phone support. Email support is available at both brokers. Libertex supports 9 languages and selftrade supports 8, giving Libertex broader global reach. Both brokers are comparable on support quality.
| Feature | Libertex | selftrade |
|---|---|---|
| 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 |