Libertex
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74% of retail CFD accounts lose money.

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OctaFX
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Libertex Vs. OctaFX - Compare and Choose the Right One

Updated May 13 2022

Visit

74% of retail CFD accounts lose money.

Visit

Your capital is at risk.

Overview

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

OctaFX is an international FX broker operating as an incorporated company from St. Vincent and the Grenadines specialising in currencies trading via MetaTrader 4 & 5.

Best For
  • 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
  • Traders looking for a high leverage off-shore broker
  • New traders looking to experiment using MT4 & 5 with a no commission low-cost broker
Licenses

Financial
Licenses

Regulation

Regulated

Top-tier Licenses

0

Other Licenses

1

Provided by
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Financial
Licenses

Regulation

Unregulated

Top-tier Licenses

0

Other Licenses

0

Provided by
TheTradingBible.com

Learn More
🏛 Financial Regulators
  • CySec (Cyprus)
  • Not regulated, Registered in St. Vincent and the Grenadines under IBC 19776.
The Good
  • Clean and user-friendly trading platform
  • Advanced mobile app with news integration for iOS and Android
  • Zero commission stock investing
  • High leverage offered due to no regulatory restrictions
  • MetaTrader 4 & 5 platforms with their own copy trading integration
  • Low minimum deposit
The Bad
  • Doesn't support use of Expert Advisors (EA)
  • Stock CFDs are limited to popular (blue chip) choices
  • Despite having financial licenses, OctaFX does not operate using them, meaning that they are an unregulated broker.
  • Their asset offering is extremely limited (80 instruments)
Status
Operational Operational
Recent News
N/A N/A
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
1997 2011
💳 Minimum Deposit
- 100 $25
💰 Payment Methods
  • Visa
  • Mastercard
  • Bank Transfer
  • Neteller
  • Skrill
  • Paypal
  • Sofort
  • iDeal
  • Visa
  • Mastercard
  • Maestro
  • Skrill
  • Neteller
  • Bitcoin
  • Ethereum
  • USDT (Tether)
  • Litecoin
  • Dogecoin
  • Bank Transfer
💵 Account Base Currencies
4 - EUR, GBP, PLN, CHF 2 - EUR, USD.
🗽 Available to U.S Citizens
No No
❌ Restricted Countries
US, CA, SY. US, CA.
📊 STP Account
No Yes
📊 DMA Account
Yes No
📊 ECN Account
No Yes
Assets
📚 Available Assets
  • Real stocks and ETFs
  • CFDs on stocks, ETFs, currencies, commodities, cryptocurrencies and indices

CFDs on currencies, commodities, indices and cryptocurrencies.

📙 Stocks
100+ N/A
📘 Currency Pairs
52 35
📗 Commodities
17 5
📕 Indices
18 10
📔 ETFs
10 N/A
💸 Cryptocurrencies
73 30
📒 Bonds
N/A N/A
📓 Options

Options on Bitcoin, SP500, Crude Oil, DAX30 and Silver.

N/A
📗 Futures
N/A N/A
📝 Notes:
N/A

All of OctaFX’s assets are CFDs.

Trading Experience
📈 Minimum Stock Trade Size
Minimum 20 € trade size N/A
📉 Minimum ETFs Trade Size
Minimum 20 € trade size N/A
📈 Minimum Crypto Trade Size
Minimum 20 € trade size $1,000 (0.01 Lots)
📉 Minimum FX Trade Size
Minimum 20 € trade size $1,000 (0.01 Lots)
📈 Minimum Commodities Trade Size
Minimum 20 € trade size $1,000 (0.01 Lots)
📉 Minimum Bonds Trade Size
N/A N/A
📈 Minimum Futures Trade Size
N/A N/A
📉 Minimum Options Trade Size
Minimum 20 € trade size N/A
💪 Retail Leverage
Up to 1:30 Up to 1:500
💪 Professional Leverage
Up to 1:500 N/A
✍ Customisable Leverage
No Yes
🎲 Deleveraged Trading
Yes for stocks Yes
🎓 Demo Account
Yes Yes
📱 IOS App
Yes No
📱 Android App
Yes Yes
📺 MetaTrader 4
Yes Yes
📺 MetaTrader 5
Yes Yes
💻 Web trader
Yes Yes
💻 TradingView Platform
No No
💻 Proprietary Platform
Yes No
📊 Multi-chart Tools
Yes Yes
👬 Copy Trading
No Yes
👫 Social Trading
No Yes
🔑 Guaranteed Stop-loss
No No
🔨 Trailing Stop-loss
Yes Yes
Fees
💰 Inactivity Fee

€10/month after 180 calendar days of inactivity

No
💰 Deposit Fees
No No
💰 Withdrawal Fees

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

No
💰 Commissions
No No
Spreads
📈 EUR/USD
Dynamic - From 0 to 1.2 Pips Dynamic - From 0.6 Pips
📉 SP500
Dynamic - From 83 Pips Dynamic - From 20 Pips
📈 GOLD
Dynamic - From 25 Pips Dynamic - From 180 Pips
📉 TSLA (Stock CFD)
Dynamic - From $4 N/A
📈 XLK (ETF - CFD)
Dynamic - Market Spread N/A
📉 BTC
Dynamic - From $205 Dynamic - From $57
Research and Analysis
⭐ Watchlists
Yes Yes
🔭 Stock Screener
No No
🗓 Economic Calendar
Yes Yes
📜 Integrated Newsfeed
No No
📡 Reuters Feed
No No

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