Libertex
Zacks Trade
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Overview
Libertex was founded in 2012 and is headquartered in Cyprus, while Zacks Trade was established in 2008 and is based in United States. Libertex holds licences including Cyprus Securities and Exchange Commission (CySEC) with CIF Licence number 164/12, while Zacks Trade is regulated by Unregulated among others. Libertex serves 2,200,000+ clients worldwide; Zacks Trade has 10,000+. The minimum deposit is $117 at Libertex and $2500 at Zacks Trade.
| Feature | Libertex | Zacks Trade |
|---|---|---|
| Min. Deposit | $117 | $2500 |
| Regulation | Cyprus Securities and Exchange Commission (CySEC) with CIF Licence number 164/12 | Unregulated |
| Founded | 2012 | 2008 |
| Country | Cyprus | United States |
| Clients | 2,200,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Libertex and Zacks Trade, directly affecting your bottom line as a trader. Libertex has a lower barrier to entry with a minimum deposit of $117 (vs $2500 at Zacks Trade). Neither broker charges withdrawal fees. Zacks Trade charges deposit fees; Libertex does not. Overall, Libertex scores higher on fees in our assessment.
| Feature | Libertex | Zacks Trade |
|---|---|---|
| Min. Deposit | $117 | $2500 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
Libertex offers MT4, MT5, a proprietary platform, while Zacks Trade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Libertex supports social and copy trading features, which Zacks Trade does not offer. The two brokers are closely matched on platform offering.
| Feature | Libertex | Zacks Trade |
|---|---|---|
| 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 | Android,iPhone/iPad,Tablet |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Libertex and Zacks Trade compare. Zacks Trade 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. Zacks Trade maintains an archive of past webinars for on-demand viewing. Zacks Trade scores higher overall in education and research.
| Feature | Libertex | Zacks Trade |
|---|---|---|
| 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 Zacks Trade 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 | Zacks Trade |
|---|---|---|
| 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 Zacks Trade offer live chat support. Both provide phone support. Email support is available at both brokers. Libertex supports 9 languages and Zacks Trade supports 2, giving Libertex broader global reach. Both brokers are comparable on support quality.
| Feature | Libertex | Zacks Trade |
|---|---|---|
| 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 |