Are you struggling to choose between Libertex and eToro? In this article, we help you to analyze and distinguish between the benefits of their services.
eToro is a trading and investing platform that facilitates multi-asset trading with the world’s biggest social trading community. Libertex is an online broker that offers tradable CFDs with underlying assets such as commodities, forex, ETFs, cryptocurrencies, and more.
Quick insights
eToro introduction
eToro – a UK-based brokerage firm, was founded in 2007 with the vision of a world where everyone can trade and invest in a straightforward and transparent way. It offers a wide range of assets such as cryptocurrencies, equities, ETFs, options, etc.
eToro is not available to US citizens who live outside USA. RBI in India banned eToro as an illegal platform in 2022.
Libertex introduction
Libertex was founded in 1997 and it is a part of Libertex group. It offers tradable CFDs with underlying assets being commodities, forex, ETFs, cryptocurrencies, and others. Libertex also offers commission-free investments in real stocks.
Libertex does not operate in the following restricted countries, Russia, the USA, Japan, Brazil, and the European Union.
Comparative Analysis
Both Libertex and eToro are multi-asset brokerage companies and they have numerous advantages in their services to their customers. This table summarizes the key differences and features between Libertex and eToro, helping you compare the two platforms more easily.
| Features | Libertex | eToro |
| Established | 2007 | 1997 |
| Commission Fees | Zero swaps or commission fees for stock investments | 0% commission on stock investments |
| Margin Call or Stop-Out | None | None |
| Start with | $50 | $100 |
| Instruments | Portfolio – Stocks & ETFs CFDs – Forex, Cryptocurrencies, Stock indices, Agricultural commodities, Stocks, Metals, Oil & Gas, ETFs | 5557 Stocks 680 ETFs 35 Commodities 55 Currencies 18 Indices 98 Crypto |
| Inactivity Fees | $10 for inactivity for 180 days | $10 for inactivity for 12 months |
| Withdrawal Fee | None | $5 withdrawal fee |
| Clients/Users Worldwide | 2.9M+ | 30M+ |
| Tradable Assets | 300+ | 6000+ |
| Countries Covered | 120+ | 100 + |
| Annual Interest on Balance | No | 5.3% |
| Funds Held | Top-tier institutions (e.g., J.P. Morgan) | Top-tier institutions (e.g., J.P. Morgan, Deutsche Bank) |
| Security Practices | Best practices | Best practices |
| Copy Trading | Available | Available |
| Social Investing Features | Available | Available |
| Fractional Shares Investments | Available (from 0.01 shares & ETFs) | Available (including ETFs) |
| Leverage | Up to 1:999 for CFDs | Up to x5 times |
| Regulation | FSA | ASIC, FCA, FSA, CySEC |
| Trading Platforms | MetaTrader 4, MetaTrader 5 | Own platform only |
| Scalping | Available | Not available |
| Hedging | Available | Available |
| Spreads | From 0.00 | Wide spreads, especially on cryptos |
| Mobile App | Available | Available |
| Algorithmic Trading | Supported | Not supported |
| Ideal For | Professional traders only | Beginners only |
Key findings
Both Libertex and eToro are very popular online trading platforms that provide access to numerous financial instruments including equities, forex, cryptocurrencies, and more. They, however, vary in a few aspects such as trading models, fee structures, and specific features.
While Libertex offers CFD trading alone, eToro offers CFD trading along with direct ownership of assets as well. eToro is renowned for its social trading that enables users to copy the trades of other investors.
Libertex provides basic educational resources but lacks comprehensive training tools. However, eToro offers extensive educational resources such as webinars, videos, and courses with demo accounts, making it ideal for beginners.
Libertex is regulated by the Cyprus Securities and Exchange Commission (CySEC) for its European operations and ensures a secure trading environment.
eToro is regulated by multiple regulators including the Financial Conduct Authority – FCA, the Cyprus Securities and Exchange Commission – CySEC, and the Australian Securities and Investments Commission – ASIC. eToro’s multi-jurisdictional regulation proves that it has a higher standard of trust and security.
Support and contact
eToro’s help center facility enables investors to get clarification on their doubts about how to get started, investing and payments, withdrawals, and account-related issues. Instant chatting and complaints processing can also be initiated from the customer’s side. The customer service section provides separate solutions for visitors and existing customers.
Libertex has provided contacts separately for each country it operates.
Latin America
Email – latam@cs.libertex.org
Mexico: +52(24)4980-0526
Chile: +56(2)2938-1702
Colombia: +57(60)1665-9304
Vietnam
Email – cs@help.lbxofficial.org
Phone – +6566535650
Thailand
Email – cc@help.libertex.org
Other countries
Email – support@help.fxclub.org
Phone – +44 745 641 78 28
Conclusion
eToro is a broker that enhances the trading experience with copy trading with social investing features. It is designed to be more community-driven and attracts investors who value social interactions and sharing trading ideas.
Libertex is named for its innovative charting software, which caters to professional traders interested in CFDs. Libertex seems to be less suitable for beginners due to its complexity.
Having said the above, traders are advised to choose between Libertex and eToro based on their trading preferences and trading strategies and considering the fee structure offered.
Pro Tip
Choosing the right broker depends on factors such as traders’ financial goals, preferred platforms regulatory comfort, etc. Explore the benefits offered by our trusted forex brokers to secure your portfolio and enhance your trading experience. Learn more about investment opportunities such as CFDs, Cryptocurrencies, and equities.
