Libertex
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70.8% of retail CFD accounts lose money.

Vs.

SquaredFinancial
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69.9% of retail CFD accounts lose money.

Libertex Vs. SquaredFinancial - Compare and Choose the Right One

Updated Jul 12 2022

Visit

70.8% of retail CFD accounts lose money.

Visit

69.9% of retail CFD accounts lose money.

Overview

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

SquaredFinancial is a global brokerage firm founded in 2005 and headquartered in Cyprus that specialises in providing real stocks along with CFDs on all major asset classes paired with MT4 & MT5 platforms.

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
  • Professional high volume traders looking to exploit their competitive commissions in shares
  • High volume FX traders looking to open a SquaredElite account with spreads from 0 Pips
Licenses

Financial
Licenses

Regulation

Regulated

Top-tier Licenses

0

Other Licenses

1

Provided by
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Financial
Licenses

Regulation

Regulated

Top-tier Licenses

0

Other Licenses

2

Provided by
TheTradingBible.com

Learn More
🏛 Financial Regulators
  • CySec (Cyprus)
  • CySec (Cyprus)
  • FSAS (Seychelles)
The Good
  • Clean and user-friendly trading platform
  • Advanced mobile app with news integration for iOS and Android
  • Zero commission stock investing
  • Extensive asset offering (more than 10,000+ products)
  • Real stocks are offered along with CFDs
  • Very competitive share trading commissions when compared to similar brokers
The Bad
  • Doesn't support use of Expert Advisors (EA)
  • Stock CFDs are limited to popular (blue chip) choices
  • Platform offering is limited to only MT4 and MT5
  • High minimum deposit for SquaredElite account (5,000 €)
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
1997 2005
💳 Minimum Deposit
- 100

250 € (SquaredPro Account), 5,000 € SquaredElite Account

💰 Payment Methods
  • Visa
  • Mastercard
  • Bank Transfer
  • Neteller
  • Skrill
  • Paypal
  • Sofort
  • iDeal
  • Visa
  • Mastercard
  • Bank Transfer
  • Neteller
  • Skrill
  • Instatransfer
💵 Account Base Currencies
4 - EUR, GBP, PLN, CHF 5 - EUR, USD, GBP, CHF, ZAR.
🗽 Available to U.S Citizens
No No
❌ Restricted Countries
US, CA, SY. US, CA, IR, SY.
📊 STP Account
No Yes
📊 DMA Account
Yes Yes
📊 ECN Account
No Yes
Assets
📚 Available Assets
  • Real stocks and ETFs
  • CFDs on stocks, ETFs, currencies, commodities, cryptocurrencies and indices
  • Real stocks and ETFs
  • CFDs on stocks, ETFs, commodities, currencies, indices, futures, cryptocurrencies.
📙 Stocks
100+ 8,000 Real Stocks / 8,000 Stock CFDs
📘 Currency Pairs
52 40+
📗 Commodities
17 5
📕 Indices
18 15
📔 ETFs
10 1,000 ETFs CFDs
💸 Cryptocurrencies
73 25+
📒 Bonds
N/A N/A
📓 Options

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

N/A
📗 Futures
N/A 16
📝 Notes:
N/A

SquaredFinancial provides real stocks along with CFDs on the most common asset classes.

Trading Experience
📈 Minimum Stock Trade Size
Minimum 20 € trade size 1 Share
📉 Minimum ETFs Trade Size
Minimum 20 € trade size 1 ETF
📈 Minimum Crypto Trade Size
Minimum 20 € trade size Varies per Cryptocurrency (Eg: 0.01 BTC)
📉 Minimum FX Trade Size
Minimum 20 € trade size $1,000 (0.01 Lots)
📈 Minimum Commodities Trade Size
Minimum 20 € trade size Varies per Commodity (Eg: 1 Gold Contract)
📉 Minimum Bonds Trade Size
N/A N/A
📈 Minimum Futures Trade Size
N/A Varies per future (Eg: 1 Contract)
📉 Minimum Options Trade Size
Minimum 20 € trade size N/A
💪 Retail Leverage
Up to 1:30 Up to 1:30
💪 Professional Leverage
Up to 1:500 Up to 1:500
✍ Customisable Leverage
No No
🎲 Deleveraged Trading
Yes for stocks Yes
🎓 Demo Account
Yes Yes
📱 IOS App
Yes No
📱 Android App
Yes No
📺 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 No
👫 Social Trading
No No
🔑 Guaranteed Stop-loss
No No
🔨 Trailing Stop-loss
Yes No
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

Yes, depending on account type or assets. For account types:


  • SquaredPro account has no default commissions
  • SquaredElite account has a commission of $5 per lot

For particular assets there are commissions on all accounts, specifically in shares as follows:


  • USA shares have a $0.06 per share commission (with a minimum of $2)
  • European shares have a 0.15% commission of the transaction value (with a minimum of 5 €)
Spreads
📈 EUR/USD
Dynamic - From 0 to 1.2 Pips Dynamic - From 0 to 1.2 Pips
📉 SP500
Dynamic - From 83 Pips Dynamic - From 150 Pips
📈 GOLD
Dynamic - From 25 Pips Dynamic - From 110 Pips
📉 TSLA (Stock CFD)
Dynamic - From $4 Dynamic - Market Spread
📈 XLK (ETF - CFD)
Dynamic - Market Spread Dynamic - Market Spread
📉 BTC
Dynamic - From $205 Dynamic - From $250
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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