Libertex
SpreadCo
BrokerDataNet earns affiliate commission from brokers listed on this site. This does not affect our ratings or editorial independence.
Overview
Libertex was founded in 2012 and is headquartered in Cyprus, while SpreadCo was established in 2005 and is based in London. Libertex holds licences including Cyprus Securities and Exchange Commission (CySEC) with CIF Licence number 164/12, while SpreadCo is regulated by Financial Conduct Authority (FCA) among others. Libertex serves 2,200,000+ clients worldwide; SpreadCo has 10,000+. The minimum deposit is $117 at Libertex and $100 at SpreadCo.
| Feature | Libertex | SpreadCo |
|---|---|---|
| Min. Deposit | $117 | $100 |
| Regulation | Cyprus Securities and Exchange Commission (CySEC) with CIF Licence number 164/12 | Financial Conduct Authority (FCA) |
| Founded | 2012 | 2005 |
| Country | Cyprus | London |
| Clients | 2,200,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Libertex and SpreadCo, directly affecting your bottom line as a trader. SpreadCo has a lower barrier to entry with a minimum deposit of $100 (vs $117 at Libertex). SpreadCo charges withdrawal fees while Libertex does not, giving Libertex an edge for frequent withdrawers. SpreadCo charges deposit fees; Libertex does not. Overall, Libertex scores higher on fees in our assessment.
| Feature | Libertex | SpreadCo |
|---|---|---|
| Min. Deposit | $117 | $100 |
| 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 SpreadCo 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 | SpreadCo |
|---|---|---|
| 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 Trader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Libertex and SpreadCo compare. Both provide video tutorials. Libertex publishes daily market commentary; SpreadCo does not. Both integrate third-party research tools. Libertex scores higher overall in education and research.
| Feature | Libertex | SpreadCo |
|---|---|---|
| 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 SpreadCo supports 2 (bank transfer, credit/debit card). Libertex uniquely supports PayPal and Skrill and Neteller among the two brokers. Libertex scores higher on deposit and withdrawal flexibility.
| Feature | Libertex | SpreadCo |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | No |
| Skrill | Yes | No |
| Neteller | Yes | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both Libertex and SpreadCo offer live chat support. Both provide phone support. Email support is available at both brokers. Libertex supports 9 languages and SpreadCo supports 2, giving Libertex broader global reach. Both brokers are comparable on support quality.
| Feature | Libertex | SpreadCo |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, German, Italian, Dutch, Polish, Spanish, French, Portuguese, Chinese | English, and Chinese |