Libertex vs Roboforex 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 Roboforex
| Broker | Libertex | Roboforex |
|---|---|---|
| Rating | 4.4/5 | 4.4/5 |
| Foundation Year | 1996 | 2009 |
| Regulated in Countries | Saint Vincent and the Grenadines, Belarus, Cyprus | Belize |
| Minimum Deposit |
|
|
| Spread | from 0 points | from 0 points |
| Max Leverage | 1:1000 | 1:2000 |
| Trading Assets (CFDs) |
|
|
| Trading Platforms |
|
|
| Review | Libertex Review | Roboforex Review |
Broker Libertex suits beginners and experienced traders who value educational resources and various instruments.
Roboforex is suitable for both beginners and professional traders, thanks to its impeccable reputation, reliability, and fair conditions.
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:
Roboforex Review
RoboForex is recognized as one of the few Forex brokers with an impeccable reputation. The company strictly adheres to its regulations, does not delay payments, and provides fair quotes. RoboForex can be a good choice for both novice and professional traders due to its robust offerings, which include a variety of trading instruments, account types, platforms, and competitive trading conditions. The broker's commitment to transparency and customer service further solidifies its standing in the Forex community.
Pros and Cons of Roboforex
Pros
- A variety of trading platforms.
- Over 12,000 trading assets.
- Different types of trading accounts.
- Competent 24/7 customer support.
- Loyalty programs and bonus offers for clients.
- Low spreads and fees.
Cons
- Regulation in an offshore jurisdiction.
- Beginner traders may find a lack of educational materials.
Roboforex is in the top 10 of the following ratings:
Reliability
| Broker | Libertex | Roboforex |
|---|---|---|
| Reliability | 5/5 | 3.6/5 |
| Foundation Year | 1996 | 2009 |
| Regulated in Countries | Saint Vincent and the Grenadines, Belarus, Cyprus | Belize |
| Regulators | SVGFSA SVGFSA НБ РБ НБ РБ CySEC CySEC | BFSC BFSC |
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.
Roboforex
RoboForex, as a regulated broker, offers a high degree of client protection and compliance with standards.
Pros
- Regulated by the Financial Services Commission (FSC).
- Participation in The Financial Commission's Compensation Fund.
- Civil Liability Insurance Program in place.
Cons
- Lacks oversight from stricter regulators such as the FCA, ASIC or CFTC.
Account Opening
| Broker | Libertex | Roboforex |
|---|---|---|
| Account Opening | 5/5 | 5/5 |
| Minimum Deposit |
|
|
Libertex
The account opening process at Forex Club is simple and fast.
Roboforex
Registration on the RoboForex website is quick and uncomplicated. A notable advantage is the option to select the type of account right at registration, which is beneficial for those who already know they want to trade on a live account.
Account Types
| Broker | Libertex | Roboforex |
|---|---|---|
| Account Types | 4/5 | 4.8/5 |
| Trading Accounts |
|
|
| Minimum Deposit |
|
|
| Spread | from 0 points | from 0 points |
| Max Leverage | 1:1000 | 1:2000 |
| Trading Assets (CFDs) |
|
|
| Trading Platforms |
|
|
| 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.
Roboforex
RoboForex accounts offer sufficiently diverse trading conditions to meet the needs of various trader categories, from beginners to professionals who prefer investing.
Pros
- Availability of ECN and cent accounts
- Access to VPS
- Regularly held contests
Cons
- Lack of fixed spread accounts
Commissions
| Broker | Libertex | Roboforex |
|---|---|---|
| Commissions | 3.5/5 | 3.7/5 |
| Spread | from 0 points | from 0 points |
| Average Spread (EURUSD) | 0.4 | 1.4 |
| Commission per Lot | $3 | $2.16 |
Libertex
Forex Club Libertex's commissions are at an average level.
Pros
- Tight spreads.
- Average commission per trade.
Cons
- High swap rates.
- Inactivity fee.
Roboforex
RoboForex boasts relatively low commissions, potentially appealing to a broad spectrum of traders.
Pros
- Low trading fees
- No inactivity fee
- No withdrawal fee
Cons
- High swaps.
Deposit and Withdrawal
| Broker | Libertex | Roboforex |
|---|---|---|
| Rating | 4.2/5 | 5/5 |
| Account Funding Methods |
|
|
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.
Roboforex
A wide array of deposit and withdrawal methods, including bank transfers, credit cards, and electronic wallets, makes the process of funding and cashing out convenient and flexible for traders.
Pros
- Extensive deposit and withdrawal options
- No deposit and withdrawal fees
- Broker covers payment system commissions twice a month
Markets and Products
| Broker | Libertex | Roboforex |
|---|---|---|
| Markets and Products | 4.4/5 | 5/5 |
| Forex | 51 | 33 |
| Precious Metals | 5 | 5 |
| Energy Carriers | 6 | 2 |
| Soft Commodities | 6 | 4 |
| Indices | 36 | 12 |
| Stocks | 139 | 8400 |
| ETF | 10 | 19 |
| Bonds | 3 | - |
| Cryptocurrency | 79 | - |
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.
Roboforex
RoboForex offers an extensive range of trading instruments, with over 12,000 options available, impressively catering to traders' diverse needs. Traders have access to classic Forex instruments, CFDs, and even real stocks.
Trading Platforms
| Broker | Libertex | Roboforex |
|---|---|---|
| Rating | 4.5/5 | 5/5 |
| Trading Platforms |
|
|
Libertex
Forex Club Libertex offers a choice between popular MT4/MT5 and their own platform.
Roboforex
One of RoboForex's trump cards is the variety of trading platforms. With so many options, it can sometimes be challenging for a beginner to choose.
Analytics
| Broker | Libertex | Roboforex |
|---|---|---|
| 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.
Roboforex
RoboForex provides extensive analytical tools and materials, including an analytics center, market forecasts, an economic calendar, and a trading calculator.
Education
| Broker | Libertex | Roboforex |
|---|---|---|
| Rating | 5/5 | 3.5/5 |
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.
Roboforex
Despite some educational materials such as webinars, videos, and FAQ lists, it seems that RoboForex lacks some vital educational resources.
Pros
- Availability of webinars and video tutorials
Cons
- Lack of courses, seminars, and extensive articles
Customer Support
| Broker | Libertex | Roboforex |
|---|---|---|
| Rating | 5/5 | 4.7/5 |
| Email Support |
|
|
| Hotline Phones |
|
|
| Social Media |
Facebook
Instagram
VK
Twitter
Telegram
YouTube
Messenger
Viber
Whatsapp
SkypeLibertex
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.
Roboforex
RoboForex offers several communication methods, including online chat, email, and phone. The 24/7 online chat is convenient for clients in different time zones.
Pros
- Multiple support communication channels
- 24/7 customer support
- Telegram bot available
Cons
- Only international phone calls available
