Comparison of Libertex and XM
| Feature | Libertex | XM |
|---|---|---|
| Broker | ||
| Year Founded | 1997 | 2009 |
| Broker Type | MM | MM |
| Dealing | B-book | B-book |
| Execution | Market | Market |
| Regulation | SVGFSA, NBRB, CySEC | BFSC, CySEC, ASIC, DFSA |
| Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), Libertex | MetaTrader 4 (MT4), MetaTrader 5 (MT5) |
| Spread | ⬊ Low | ⬊ Low |
| Maximum Leverage | 1:1000 | 1:1000 |
| Minimum Deposit | $100 | $5 |
| Base Currencies | USD | USD, EUR, GBP, AUD, CHF, JPY, PLN, ZAR, SGD, HUF |
| Funding Methods | Bank Wire, Credit Card, Debit Card, Skrill, Neteller, Jeton, WebMoney, VLoad, Bitcoin (BTC), Ethereum (ETH), Tether (USDT) | Bank Wire, Credit Card, Debit Card, FasaPay, Giropay, IDEAL, Jeton, Mobile Money, MuchBetter, Neteller, NganLuong, Paysafecard, Perfect Money, POLi, Przelewy24, Skrill, STICPAY, Trustly, China UnionPay, WebMoney |
| Inactivity Fee | $10 per month after 3 months | $15 after 12 months |
| Interest on Margin | ✖ | ✖ |
| Withdrawal Fee | ✖ | ✖ |
| Investor Protection | Investor Compensation Fund (ICF) | Investor Compensation Fund (ICF) |
| Protection Size | €20 000 | €20 000 |
| Segregated Accounts | ✔ | ✔ |
| Negative Balance Protection | ✔ | ✔ |
| Guaranteed Stop Loss | ✖ | ✖ |
| Copy Trading | ✖ | ✔ |
| VPS | ✖ | ✔ |
| MAM/PAMM | ✖ | ✖ |
| Scalping Allowed | ✔ | ✔ |
| EAs/Robots | ✔ | ✔ |
| Depth of Market (DOM) | ✔ | ✔ |
| Tradable Assets (CFDs) | Currencies, Indices, Stocks, ETFs, Bonds, Metals, Energies, Soft Commodities, Cryptocurrencies | Currencies, Indices, Stocks, Cryptocurrencies, Metals, Energies, Soft Commodities |
| Review | Libertex Review | XM Review |
About Libertex
Libertex is a well-established online Forex and CFD broker that has been serving traders since its inception in 1997. Libertex is regulated by reputable authorities such as the Cyprus Securities and Exchange Commission (CySEC), ensuring a secure trading environment. The broker offers a user-friendly trading platform available on both desktop and mobile devices, catering to traders of all experience levels. Libertex provides access to a wide range of financial instruments, including Forex, commodities, indices, cryptocurrencies, and stocks, allowing for diversified trading opportunities. Additionally, Libertex is known for its competitive spreads, educational resources, and responsive customer support, making it a popular choice among both novice and seasoned traders.
Pros
- Licensed by CySEC, ensuring adherence to strict regulatory standards and providing a safe trading environment
- Intuitive trading platform available on desktop and mobile, suitable for both beginners and experienced traders
- Access to over 200 financial instruments, including Forex, commodities, indices, cryptocurrencies, and stocks
- Offers competitive spreads on major currency pairs and other instruments, enhancing trading profitability
- Comprehensive educational materials, including webinars, tutorials, and articles to help traders improve their skills
- Provides a free demo account for traders to practice and test strategies without risking real money
- Efficient customer service available through multiple channels, including live chat, email, and phone
- Generally swift processing of withdrawal requests, ensuring traders have timely access to their funds
- Supports a variety of deposit and withdrawal options, including credit/debit cards, e-wallets, and bank transfers
Cons
- Not available in all countries, limiting access for potential traders in certain regions
- Fewer account variations compared to some competitors, which might restrict flexibility for diverse trading needs
- May charge fees for inactive accounts, which can be a drawback for occasional traders
About XM
XM is a globally recognized forex and CFD broker established in 2009. Regulated by reputable financial authorities such as the Cyprus Securities and Exchange Commission (CySEC) and the Australian Securities and Investments Commission (ASIC), XM provides a secure and transparent trading environment. The broker offers access to over 1000 financial instruments, including forex pairs, commodities, indices, metals, and energies, catering to both novice and experienced traders. One of XM's standout features is its commitment to client education and support. The broker provides extensive educational resources like webinars, tutorials, and market analyses to help traders make informed decisions. With multiple account types, competitive spreads, and support for popular trading platforms like MetaTrader 4 and MetaTrader 5, XM aims to deliver a flexible and user-friendly trading experience tailored to individual needs.
Pros
- Regulated by reputable authorities
- Wide range of trading instruments
- Multiple account types
- Competitive spreads and leverage
- Comprehensive educational resources
- Advanced trading platforms
- Multilingual customer support
Cons
- Inactivity fees
- Restricted in certain countries
Libertex & XM Regulation
| Feature | Libertex | XM |
|---|---|---|
Companies | Forex Club International LLC, Forex Club Financial Company LLC, Indication Investments Ltd. | XM Global Limited, Trading Point Of Financial Instruments Ltd, Trading Point of Financial Instruments Pty Limited, Trading Point MENA Limited |
Countries | Saint Vincent and the Grenadines, Belarus, Cyprus | Belize, Cyprus, Australia, United Arab Emirates |
Regulators | SVGFSA, NBRB, CySEC | BFSC, CySEC, ASIC, DFSA |
Investor Protection | Investor Compensation Fund (ICF) | Investor Compensation Fund (ICF) |
Investor Protection Size | €20 000 | €20 000 |
Publicly Traded | ||
Segregated Accounts | ||
Guaranteed Stop Loss | ||
Negative Balance Protection |
Account Types
| Account | Libertex | XM |
|---|---|---|
Market Maker Account | ||
| Account Name | CFD | Standard |
| Min Deposit | $20 | $5 |
| Lot Size | $10 | 0.01 |
| Spread Type | Floating | Floating |
| Execution | Market | Market |
| Min Spread | 0.3 | 1.6 |
| Fee | No | No |
| Max Leverage | 1:999 | 1:1000 |
| Stop Out | 50% | 20% |
| Margin Call | 100% | 50% |
Cent Account | ||
| Account Name | — | Micro |
| Min Deposit | — | $5 |
| Lot Size | — | 0.01 |
| Spread Type | — | Floating |
| Execution | — | Market |
| Min Spread | — | 1.6 |
| Fee | — | No |
| Max Leverage | — | 1:1000 |
| Stop Out | — | 20% |
| Margin Call | — | 50% |
| Additional Features | ||
| Demo Account | ||
| VIP Account | ||
| Swap-Free Account | ||
| Copy Trading | ||
| VPS | ||
| PAMM/MAM Accounts | ||
Funding and Fees
| Feature | Libertex | XM |
|---|---|---|
Base currencies | USD | USD, EUR, GBP, AUD, CHF, JPY, PLN, ZAR, SGD, HUF |
Deposit and withdrawal methods | Bank Wire, Credit Card, Debit Card, Skrill, Neteller, Jeton, WebMoney, VLoad, Bitcoin (BTC), Ethereum (ETH), Tether (USDT) | Bank Wire, Credit Card, Debit Card, FasaPay, Giropay, IDEAL, Jeton, Mobile Money, MuchBetter, Neteller, NganLuong, Paysafecard, Perfect Money, POLi, Przelewy24, Skrill, STICPAY, Trustly, China UnionPay, WebMoney |
Inactivity fee | $10 per month after 3 months | $15 after 12 months |
Interest on margin | ||
Withdrawal fee |
Trading Platforms and Conditions
| Feature | Libertex | XM |
|---|---|---|
Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), Libertex | MetaTrader 4 (MT4), MetaTrader 5 (MT5) |
Execution Speed | 0 ms | 0 ms |
Scalping | ||
Expert Advisors (EAs) | ||
Depth of Market (DOM) | ||
Spread | low | low |
Trading Assets
| Asset | Libertex | XM |
|---|---|---|
Currencies | 51 | 55 |
Indices | 36 | 50 |
Stocks | 139 | 1307 |
Cryptocurrencies | 79 | 58 |
Bonds | 3 | 0 |
Metals | 5 | 3 |
Energies | 6 | 3 |
Soft Commodities | 6 | 8 |
ETFs | 10 | 0 |
Education and Analytics
| Feature | Libertex | XM |
|---|---|---|
Economic Calendar | ||
Indicators | ||
Robots | ||
Signals | ||
Autochartist | ||
Expert Analytics | ||
News Feed | ||
Education Articles | ||
Webinars | ||
Seminars |
Bonuses
| Bonus | Libertex | XM |
|---|---|---|
| Welcome Bonus | ||
| Is available | ||
| Size | 100%, up to $10000 | 100%, up to $5000 |
| Details | Learn More | Learn More |
Contests
| Feature | Libertex | XM |
|---|---|---|
| Live Contests | ||
| Is available | ||
| Contests List | — |
|
- StarterStart Balance: $500 · Prize Pool: $15000 · Period: WeeklyLearn More
- ProStart Balance: $1000 · Prize Pool: $30,000 · Period: WeeklyLearn More
Customer Support
| Contact | Libertex | XM |
|---|---|---|
Email | support@libertex.org | support@xm.com |
Phone | +447456417828 | +5012236696 |
Facebook | ||
LinkedIn | ||
YouTube | YouTube | YouTube |
Instagram | ||
Twitter | ||
TikTok | — | TikTok |
Which Broker is Better?
After comparing Libertex and XM, Libertex comes out ahead as our overall pick. It ranks higher in our internal scoring and delivers a stronger balance of pricing (spreads/fees), platform experience, and product range. That said, the runner-up may still be a better fit if you prioritize specific needs—like a particular account type, funding method, or niche instruments. This is not financial advice; always choose a broker that matches your goals and local regulatory requirements.
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Andriy Bondarenko
Broker Analyst
Andriy is a seasoned expert in broker reviews with over a decade of experience in finance and trading. Under his leadership, the team produces in-depth and unbiased analyses of leading trading platforms.