Libertex
Westpac
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Overview
Libertex was founded in 2012 and is headquartered in Cyprus, while Westpac was established in 2008 and is based in Austrailia. Libertex holds licences including Cyprus Securities and Exchange Commission (CySEC) with CIF Licence number 164/12, while Westpac is regulated by Financial Conduct Authority (FCA) among others. Libertex serves 2,200,000+ clients worldwide; Westpac has 10,000+. The minimum deposit is $117 at Libertex and $50 at Westpac.
| Feature | Libertex | Westpac |
|---|---|---|
| Min. Deposit | $117 | $50 |
| Regulation | Cyprus Securities and Exchange Commission (CySEC) with CIF Licence number 164/12 | Financial Conduct Authority (FCA), Prudential Regulation Authority (PRA) |
| Founded | 2012 | 2008 |
| Country | Cyprus | Austrailia |
| Clients | 2,200,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Libertex and Westpac, directly affecting your bottom line as a trader. Libertex has a lower barrier to entry with a minimum deposit of $117 (vs $50 at Westpac). Neither broker charges withdrawal fees. Westpac charges deposit fees; Libertex does not. Overall, Westpac scores higher on fees in our assessment.
| Feature | Libertex | Westpac |
|---|---|---|
| Min. Deposit | $117 | $50 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | No |
Platforms
Libertex offers MT4, MT5, a proprietary platform, while Westpac 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 | Westpac |
|---|---|---|
| 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 | Desktop,Mac,iPhone,Android,WEB |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Libertex and Westpac compare. Westpac 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. Westpac maintains an archive of past webinars for on-demand viewing. Westpac scores higher overall in education and research.
| Feature | Libertex | Westpac |
|---|---|---|
| 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 Westpac 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 | Westpac |
|---|---|---|
| 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 Westpac offer live chat support. Both provide phone support. Email support is available at both brokers. Libertex supports 9 languages and Westpac supports 2, giving Libertex broader global reach. Both brokers are comparable on support quality.
| Feature | Libertex | Westpac |
|---|---|---|
| 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 |