iFOREX Europe
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89.13% of retail CFD accounts lose money.

Vs.

Libertex
Visit

70.8% of retail CFD accounts lose money.

iFOREX Europe Vs. Libertex - Compare Trustworthiness, Capabilities, Fees and Legitimacy

Updated Oct 20 2022

Visit

89.13% of retail CFD accounts lose money.

Visit

70.8% of retail CFD accounts lose money.

Overview

iFOREX Europe (formerly Vestle) is the Europe brand part of the global iForex Group that specialises in CFD trading and offers over 600 instruments over currencies, commodities, indices, shares, ETFs and cryptocurrencies.

Libertex is a broker headquartered in Cyprus that operates since 1997 and offers trading in over 250 financial instruments.

Best For
  • Beginner traders with little to no experience looking to test a simple platform
  • European-based traders who are looking to trade forex and cryptocurrencies
  • Traders who need to monitor their positions through mobile apps
  • Long-term investors in equities
Licenses

Financial
Licenses

Regulation

Regulated

Top-tier Licenses

0

Other Licenses

1

Provided by
TheTradingBible.com

Learn More

Financial
Licenses

Regulation

Regulated

Top-tier Licenses

0

Other Licenses

1

Provided by
TheTradingBible.com

Learn More
🏛 Financial Regulators
  • CySec (Cyprus)
  • CySec (Cyprus.
The Good
  • Extremely simple platform designed for beginners with little needs
  • Clean and user-friendly trading platform
  • Advanced mobile app with news integration for iOS and Android
  • Zero commission stock investing
The Bad
  • High spreads on all of their instruments
  • Web and mobile platforms are slow and lack tools
  • Their FAQ database doesn’t effectively answer the most common questions any trader could have
  • Doesn't support use of Expert Advisors (EA)
  • Stock CFDs are limited to popular (blue chip) choices
  • Weak regulatory framework
Status
Operational Operational
Recent News

No fresh news at the moment. Check again soon!

No fresh news at the moment. Check again soon!

Key Data
⌛ Account Opening Time
1 day 1 day
📋 Documents Required
  • Valid identity document (Passport, ID Card, etc)
  • Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder's name.

  • Valid identity document (Passport, ID Card, etc)
  • Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder's name.

📍 Year Founded
2018 1997
💳 Minimum Deposit Range
$200 $100
💰 Payment Methods
  • Bank Transfer
  • Credit Card
  • Debit Card
  • Visa
  • Mastercard
  • Bank Transfer
  • Neteller
  • Skrill
  • Paypal
  • Sofort
  • iDeal
💵 Account Base Currencies
1 - EUR 4 - EUR, GBP, PLN, CHF
🗽 Available to U.S Citizens
No No
❌ Restricted Countries

US, CA, SY, IR, JP.

US, CA, SY.

📊 STP Account
Yes No
📊 DMA Account
No Yes
📊 ECN Account
No No
Banking License
No No
Debit Card
No No
Assets
📚 Assets Type
CFDs Hybrid
Total Asset Offering
584 374
Exchange Access
0 0
📙 Real Stocks
0 100
📙 Stock CFDs
400 100
📘 Currency Pairs
0 0
📘 Currency Pair CFDs
50 52
📗 Commodities
0 0
📗 Commodities CFDs
19 17
📕 Indices
0 0
📕 Indices CFDs
32 18
📔 ETFs
0 0
📔 ETFs CFDs
42 10
💸 Cryptocurrencies
0 0
💸 Cryptocurrency CFDs
41 73
📒 Bonds
0 0
📒 Bonds CFDs
0 0
📓 Options
0 0
📓 Options CFDs
0 4
📗 Futures
0 0
📗 Futures CFDs
0 0
Trading Experience
📈 Minimum Stock Trade Size
$2,500 in trade value $20 minimum trade size
📉 Minimum ETFs Trade Size
$2,500 in trade value $20 minimum trade size
📈 Minimum Crypto Trade Size
$2,500 in trade value $20 minimum trade size
📉 Minimum FX Trade Size
$2,500 in trade value $20 minimum trade size
📈 Minimum Commodities Trade Size
$2,500 in trade value $20 minimum trade size
📉 Minimum Bonds Trade Size
Unavailable Unavailable
📈 Minimum Futures Trade Size
Unavailable Unavailable
📉 Minimum Options Trade Size
Unavailable $20 minimum trade size
💪 Retail Leverage
30 30
💪 Professional Leverage
500 500
✍ Customisable Leverage
No No
🎲 Deleveraged Trading
Yes Yes
🎓 Demo Account
Yes Yes
📱 IOS App
Yes Yes
📱 Android App
Yes Yes
📺 MetaTrader 4
No Yes
📺 MetaTrader 5
No Yes
📺 cTrader
No No
💻 Web trader
Yes Yes
💻 TradingView Platform
No No
💻 Proprietary Platform
Yes Yes
📊 Multi-chart Tools
No Yes
👬 Copy Trading
No No
👫 Social Trading
No No
🔑 Guaranteed Stop-loss
No No
🔨 Trailing Stop-loss
No Yes
Fees
💰 Inactivity Fee

iFOREX Europe charges an inactivity fee of $15 for every quarter of inactivity.

€10/month after 180 calendar days of inactivity.

💰 Deposit Fees
None None
💰 Withdrawal Fees

No for credit cards but yes for bank wires (up to $20).

Depending on the service - up to 1%, 2% withdrawal fee on an inactive account.

💰 Commissions
None None
Spreads
📈 EUR/USD
Dynamic - From 0.7 Pips Dynamic - From 0 to 1.2 Pips
📉 SP500
Dynamic - From 90 Pips Dynamic - From 83 Pips
📈 GOLD
Dynamic - From 35 Pips Dynamic - From 25 Pips
📉 TSLA (Stock CFD)
Dynamic - From $3 Dynamic - From $4
📈 XLK (ETF - CFD)
Dynamic - From 30 Pips Dynamic - Market Spread
📉 BTC
Dynamic - From $120 Dynamic - From $205
Research and Analysis
⭐ Watchlists
Yes Yes
🔭 Stock Screener
No No
🗓 Economic Calendar
Yes Yes
📜 Integrated Newsfeed
No No
📡 Reuters Feed
No No
📡 Educational Content
No Yes
📡 Live Chat Support
No Yes
📡 Video Tutorials
No No
📡 Account Management
Yes Yes
📡 Webinars
Yes No