Libertex vs IC Markets Comparison
We test brokers on real accounts using our own methodology, evaluating the quality of order execution, trading conditions, platforms and customer support.
Comparison Table of Libertex and IC Markets
| Broker | Libertex | IC Markets |
|---|---|---|
| Rating | 4.4/5 | 4.7/5 |
| Foundation Year | 1996 | 2007 |
| Regulated in Countries | Saint Vincent and the Grenadines, Belarus, Cyprus | Seychelles, Australia, Cyprus, Kenya |
| Minimum Deposit |
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| Spread | from 0 points | from 0 points |
| Max Leverage | 1:1000 | 1:500 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Review | Libertex Review | IC Markets Review |
Broker Libertex suits beginners and experienced traders who value educational resources and various instruments.
IC Markets is suitable for traders looking for low spreads and ECN accounts and the ability to scalp and use expert advisors.
Libertex Review
Libertex is an established broker offering various trading instruments and educational resources. With zero commission on deposits and various analytical tools, this broker can appeal to novice and experienced traders.
Pros and Cons of Libertex
Pros
- Tight spreads and attractive trading conditions.
- Wide selection of trading assets.
- Rich selection of educational materials and analytics.
Cons
- High swaps and inactivity fee.
Libertex is in the top 10 of the following ratings:
IC Markets Review
IC Markets is a reliable and versatile broker that offers a wide range of services and tools for trading in the financial markets. The company provides impressive trading instruments, high-quality trading platforms, advanced analytical tools, and valuable education for traders of all levels.
IC Markets is likely most suitable for experienced traders who value deep liquidity, tight spreads, and advanced trading tools. Beginner traders can also benefit from the educational materials offered by the company, but they should be prepared for some additional expenses and a higher minimum deposit requirement.
Pros and Cons of IC Markets
Pros
- A wide range of trading assets.
- Low spreads.
- Variety of trading platforms.
- Quality educational materials.
- Efficient customer support service.
Cons
- High minimum deposit.
IC Markets is in the top 10 of the following ratings:
Reliability
| Broker | Libertex | IC Markets |
|---|---|---|
| Reliability | 5/5 | 5/5 |
| Foundation Year | 1996 | 2007 |
| Regulated in Countries | Saint Vincent and the Grenadines, Belarus, Cyprus | Seychelles, Australia, Cyprus, Kenya |
| Regulators | SVGFSA SVGFSA НБ РБ НБ РБ CySEC CySEC | SFSA SFSA ASIC ASIC CySEC CySEC CMA CMA |
Libertex
Forex Club Libertex demonstrates a high level of reliability, backed by transparent regulation.
Pros
- Regulation in Europe and Belarus.
- Membership in the Financial Commission.
IC Markets
IC Markets operates under the regulation of several jurisdictions, including ASIC in Australia, CySEC in Cyprus, and SFSA in the Seychelles, indicating a high degree of regulation.
Account Opening
| Broker | Libertex | IC Markets |
|---|---|---|
| Account Opening | 5/5 | 4.5/5 |
| Minimum Deposit |
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Libertex
The account opening process at Forex Club is simple and fast.
IC Markets
The account opening process at IC Markets is well-thought-out, transparent, and detailed, ensuring convenience and ease for clients. However, the high minimum deposit may deter many beginners.
Account Types
| Broker | Libertex | IC Markets |
|---|---|---|
| Account Types | 4/5 | 3.8/5 |
| Trading Accounts |
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| Minimum Deposit |
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| Spread | from 0 points | from 0 points |
| Max Leverage | 1:1000 | 1:500 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Demo Account | ||
| Swap-free Account |
Libertex
Libertex accounts will satisfy the needs of most traders, but not traders with specific requirements.
Pros
- Accounts with market and instant execution available.
- Demo accounts available.
Cons
- No accounts with fixed spreads.
- No Islamic accounts.
IC Markets
IC Markets' accounts are mainly aimed at experienced and professional traders.
Pros
- ECN accounts
- Ability to copy trades
- Access to VPS
Cons
- No cent accounts
- No fixed spread accounts
Commissions
| Broker | Libertex | IC Markets |
|---|---|---|
| Commissions | 3.5/5 | 4.5/5 |
| Spread | from 0 points | from 0 points |
| Average Spread (EURUSD) | 0.4 | 0.62 |
| Commission per Lot | $3 | $3.5 |
Libertex
Forex Club Libertex's commissions are at an average level.
Pros
- Tight spreads.
- Average commission per trade.
Cons
- High swap rates.
- Inactivity fee.
IC Markets
IC Markets has low commissions. Fees for transactions on ECN accounts and spreads are acceptable to most traders, and the absence of charges for deposits/withdrawals and account inactivity is a significant advantage.
Deposit and Withdrawal
| Broker | Libertex | IC Markets |
|---|---|---|
| Rating | 4.2/5 | 4.5/5 |
| Account Funding Methods |
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Libertex
The broker offers a variety of deposit methods without commission, but withdrawal can take up to 10 days.
Pros
- Multiple available methods for deposit and withdrawal.
- 0% commission on deposits.
- Instant account funding.
Cons
- Possible withdrawal fee from the payment system.
- Withdrawal of funds can take up to 10 business days.
IC Markets
IC Markets offers multiple options for depositing and withdrawing funds, but possible fees from banks and payment systems should be considered, along with some restrictions on withdrawal methods.
Markets and Products
| Broker | Libertex | IC Markets |
|---|---|---|
| Markets and Products | 4.4/5 | 5/5 |
| Forex | 51 | 61 |
| Precious Metals | 5 | 7 |
| Energy Carriers | 6 | 5 |
| Soft Commodities | 6 | 8 |
| Indices | 36 | 25 |
| Stocks | 139 | 2175 |
| ETF | 10 | 38 |
| Bonds | 3 | 10 |
| Cryptocurrency | 79 | 21 |
Libertex
Forex Club offers a variety of markets and products, although the selection of CFDs is average.
Pros
- Wide range of instruments.
- Cryptocurrencies and ETFs available.
- Access to NYSE and NASDAQ stocks.
Cons
- Some competitors have a much larger selection of CFDs.
IC Markets
IC Markets offers various trading instruments, including currency pairs, CFDs on metals, energy resources, commodities, indices, stocks, bonds, and cryptocurrencies.
Trading Platforms
| Broker | Libertex | IC Markets |
|---|---|---|
| Rating | 4.5/5 | 5/5 |
| Trading Platforms |
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Libertex
Forex Club Libertex offers a choice between popular MT4/MT5 and their own platform.
IC Markets
IC Markets provides powerful and functional trading platforms suitable for various trader categories.
Analytics
| Broker | Libertex | IC Markets |
|---|---|---|
| Rating | 5/5 | 5/5 |
Libertex
Forex Club Libertex offers a variety of analytical tools.
Pros
- Daily news and forecasts.
- Model portfolios and investment ideas.
Cons
- A minimum deposit is required to access some services.
IC Markets
IC Markets provides its clients with an extensive set of analytical tools and materials, which can assist them in successful trading in the financial markets.
Education
| Broker | Libertex | IC Markets |
|---|---|---|
| Rating | 5/5 | 5/5 |
Libertex
Forex Club Libertex offers extensive educational resources, providing support for traders of all levels.
Pros
- A wide range of courses for beginners and experienced traders.
- Various learning formats (in-person, online, video).
- Practical orientation of materials.
Cons
- Possible restrictions on access to some materials.
IC Markets
IC Markets offers a wide range of educational resources, from interactive video lessons to webinars and podcasts, demonstrating care for their clients and a commitment to providing all the necessary resources for successful trading.
Customer Support
| Broker | Libertex | IC Markets |
|---|---|---|
| Rating | 5/5 | 4.7/5 |
| Email Support |
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| Hotline Phones |
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| Social Media |
Facebook
Instagram
VK
Twitter
Telegram
YouTube
LinkedInLibertex
Libertex technical support provides basic communication channels.
Pros
- Phone access.
- Feedback form on the website.
- There are positive reviews about the support service.
Cons
- Limited working hours.
IC Markets
IC Markets provides a variety of communication channels, ensuring support service accessibility for clients. Numerous client reviews indicate the support team's quick response and high professionalism.
Pros
- Positive reviews about professional support
- Multiple channels for support communication
- Support is available 24/7
Cons
- Only international call option is available
