Libertex
Teletrade
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Overview
Libertex was founded in 2012 and is headquartered in Cyprus, while Teletrade was established in 2008 and is based in Cyprus. Libertex holds licences including Cyprus Securities and Exchange Commission (CySEC) with CIF Licence number 164/12, while Teletrade is regulated by Cyprus Securities and Exchange Commission (CySEC) among others. Libertex serves 2,200,000+ clients worldwide; Teletrade has 50,000+. The minimum deposit is $117 at Libertex and $100 at Teletrade.
| Feature | Libertex | Teletrade |
|---|---|---|
| Min. Deposit | $117 | $100 |
| Regulation | Cyprus Securities and Exchange Commission (CySEC) with CIF Licence number 164/12 | Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID) |
| Founded | 2012 | 2008 |
| Country | Cyprus | Cyprus |
| Clients | 2,200,000+ | 50,000+ |
Fees
Fees are a critical factor when choosing between Libertex and Teletrade, directly affecting your bottom line as a trader. Teletrade has a lower barrier to entry with a minimum deposit of $100 (vs $117 at Libertex). Neither broker charges withdrawal fees. The two brokers are broadly comparable on fee structure.
| Feature | Libertex | Teletrade |
|---|---|---|
| Min. Deposit | $117 | $100 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | No |
| CFD Fees | No | Yes |
Platforms
Libertex offers MT4, MT5, a proprietary platform, while Teletrade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Libertex supports social and copy trading features, which Teletrade does not offer. The two brokers are closely matched on platform offering.
| Feature | Libertex | Teletrade |
|---|---|---|
| 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, Web Trader, Tablet & Mobile apps (Ios & Android) |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Libertex and Teletrade compare. Teletrade 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. Teletrade maintains an archive of past webinars for on-demand viewing. Teletrade scores higher overall in education and research.
| Feature | Libertex | Teletrade |
|---|---|---|
| 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 Teletrade supports 2 (Skrill, Neteller). Libertex uniquely supports bank transfer and credit/debit card and PayPal among the two brokers. Libertex scores higher on deposit and withdrawal flexibility.
| Feature | Libertex | Teletrade |
|---|---|---|
| Bank Transfer | Yes | No |
| Credit Card | Yes | No |
| 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 Teletrade offer live chat support. Both provide phone support. Email support is available at both brokers. Libertex supports 9 languages and Teletrade supports 15, giving Teletrade broader global reach. Both brokers are comparable on support quality.
| Feature | Libertex | Teletrade |
|---|---|---|
| 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 |