Libertex
UFX
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Overview
Libertex was founded in 2012 and is headquartered in Cyprus, while UFX was established in 2007 and is based in Republic of Vanuatu. Libertex holds licences including Cyprus Securities and Exchange Commission (CySEC) with CIF Licence number 164/12, while UFX is regulated by Cyprus Securities and Exchange Commission (CySEC) among others. Libertex serves 2,200,000+ clients worldwide; UFX has 10,000+. The minimum deposit is $117 at Libertex and $500 at UFX.
| Feature | Libertex | UFX |
|---|---|---|
| Min. Deposit | $117 | $500 |
| Regulation | Cyprus Securities and Exchange Commission (CySEC) with CIF Licence number 164/12 | Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 2012 | 2007 |
| Country | Cyprus | Republic of Vanuatu |
| Clients | 2,200,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Libertex and UFX, directly affecting your bottom line as a trader. Libertex has a lower barrier to entry with a minimum deposit of $117 (vs $500 at UFX). UFX charges withdrawal fees while Libertex does not, giving Libertex an edge for frequent withdrawers. Overall, Libertex scores higher on fees in our assessment.
| Feature | Libertex | UFX |
|---|---|---|
| Min. Deposit | $117 | $500 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
Libertex offers MT4, MT5, a proprietary platform, while UFX supports 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. Libertex edges ahead on platform breadth and functionality in our scoring.
| Feature | Libertex | UFX |
|---|---|---|
| MT4 | Yes | No |
| 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, 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 UFX compare. Both provide video tutorials. Libertex publishes daily market commentary; UFX does not. Both integrate third-party research tools. Libertex scores higher overall in education and research.
| Feature | Libertex | UFX |
|---|---|---|
| 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 UFX 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 | UFX |
|---|---|---|
| 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 UFX offer live chat support. Both provide phone support. Email support is available at both brokers. Libertex supports 9 languages and UFX supports 2, giving Libertex broader global reach. Both brokers are comparable on support quality.
| Feature | Libertex | UFX |
|---|---|---|
| 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 |