Oanda vs Libertex - Fees Review included
Which broker is better Oanda or Libertex? Our expert assessment conducted according to TU’s own methodology showed that Oanda is one of the top brokers in the financial market with the TU Overall Score of 5.28 out of 10. Libertex is one of the top brokers in the financial market with the TU Overall Score of 8.27 out of 10. Find out more about TU Overall Score.
| Feature | Oanda | Libertex |
|---|---|---|
Overall |
4.4 |
4.5 |
5 |
4.4 |
|
4.5 |
4.6 |
|
3.5 |
4.3 |
|
Investment Instruments |
4.1 |
3.7 |
Platforms and Charting Tools |
4.8 |
5 |
Deposit and Withdrawal |
4.2 |
4.8 |
Research |
4.7 |
4.6 |
Education |
4.5 |
4.7 |
Support |
4.8 |
4.6 |
Bonuses |
4.6 |
4.7 |
|
|
|
Oanda vs Libertex: Pros and Cons
Olsen & Associates, also known as OANDA, is a US-registered company set up to offer a plethora of financial services to clients around the world. Its history goes as far back as 1996, and it is now under regulation in four jurisdictions. The broker has licenses from different regulators, of which the United Kingdom Financial Conduct Authority (FCA) is the major one.
Libertex is a trading and investment software from Indication Investments Ltd, which appeared in the market back in 1997. Libertex Group was established in 1997, has over 2.9 clients, over 700 employees. The broker was awarded the Best Trading Platform at the recent Forex Awards. One of the advantages and distinguishing features of the broker is the current trading web-platform. It is characterized by a convenient interface, high information content, as well as high-quality technical equipment. All these components allow you to work with the terminal. The reliability indicator is the fact that the founders of the platform have been in the field of online trading and financial services provider for more than 20 years. Within this time they have built their reputation as an honest broker. Libertex has received 40 international awards from financial magazines and organizations for the quality of customer service and innovative technical solutions.
| Oanda | Libertex | |
|---|---|---|
| Overall Pros | Regulated by a range of reputable financial bodies | Trading ideas and trading signals, Hot assets section |
| Real-time news and fundamental analysis tools | Free crypto trading | |
| localized and multilingual phone support | Advanced charting tools | |
| User-friendly platform for new forex traders | 100% welcome bonus | |
| Outstanding research tools | Advanced filters | |
| Financial information publicly available | CySec Regulation | |
| High educational value through written content and videos | Long-term investmetn portfolio with zero fees | |
| Orders get executed with no requotes | Strong research team | |
| Deposit minimum as low as $1 | ||
| Overall Cons | No programs offering bonus | Limited number of supported assets |
| Slow withdrawal of funds | Unclear fee structure |
Oanda vs Libertex: Safety and Regulation
| Regulated By: | Oanda | Libertex |
|---|---|---|
US Regulation |
Yes (CFTC, NFA) |
No |
FCA (Great Britain) |
Yes |
No |
CySec (Cyprus, EU) |
No |
Yes |
ASIC (Australia) |
Yes |
No |
Other Regulators |
European Union (regulated by the MFSA), Singapore (regulated by the MAS), Canada (regulated by IIROC), Japan (regulated by FSA) |
Mauritius, St. Vincent and the Grenadines |
Oanda vs Libertex: Trading Conditions
| Trading Conditions | Oanda | Libertex |
|---|---|---|
Minimum Deposit |
No minimum deposit |
100 |
Trading Platforms |
MT4, OANDA, TradingView |
МТ4, MT5, Libertex |
Max Leverage (Futures) |
1-50 |
1:30 for retails |
Supported Markets |
Forex, CFDs (not for all entetities): Forex, Indexes, Commodities, Metals, Bonds, Cryptocurrencies |
Forex, CFDs on indices, stocks, ETFs, commodities, crypto, metals |
Trading assets |
120+ |
250+ |
Trading Accounts |
Standard, Core, and Swap-free |
Libertex CFD, Libertex Portfolio |
Base Account Currencies |
USD, EUR, HKD, SGD |
EUR, GBP, PLN, CFH |
Oanda vs Libertex: Fees
Forex Trading Fees
| Fee | Oanda | Libertex |
|---|---|---|
Standard Account EURUSD Average Spread |
1.2 pips |
0.3 pips |
Standard Account Fee |
$0 |
0.03% |
ECN/STP Account Fee |
not offered |
Not supported |
ECN Account EUR Average Spread |
not offered |
Not supported |
CFD Trading Fees
| Fee | Oanda | Libertex |
|---|---|---|
CFD Trading Fee |
Floating spread |
Floating spread |
Non-Trading Fees
| Fee | Oanda | Libertex |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
No |
No |
Withdrawal Fee |
$20 - just for bank transfer |
No |
Inactivity Fee |
After 12 months of inactivity, 10 units of your account’s currency denomination |
$5 per month afther 180 days of inactivity |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
Oanda vs Libertex: Trading Assets
| Asset Name | Oanda | Libertex |
|---|---|---|
Overall |
120+trading assets |
250+ |
Forex |
Yes |
Yes |
Stocks |
No |
Yes (CFD) |
Metals |
Yes (CFD) |
Yes (CFD) |
Cryptocurrencies |
Yes (CFD) |
Yes (CFD) |
Energy |
Yes (CFD) |
Yes (CFD) |
Indices |
Yes (CFD) |
Yes (CFD) |
ETFs |
No |
Yes (CFD) |
Bonds |
No |
No |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
No |
No |
Binary Options |
No |
No |
Oanda or Libertex: Investment Programs
| Asset Name | Oanda | Libertex |
|---|---|---|
Copy Trading |
Yes |
No |
MAM/PAMM |
No |
No |
Managed Accounts |
No |
Yes |
Other |
No |
No |
Trading Platforms: Libertex or Oanda
| Oanda | Libertex | |
|---|---|---|
MT4 |
Yes |
Yes |
MT5 |
Yes |
Yes |
cTrader |
No |
No |
Appropriate platform |
Oanda |
Libertex |
Others |
No |
No |
|
|
|
Oanda vs Libertex: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | Oanda | Libertex |
|---|---|---|
Bank Transfer |
Yes |
Yes |
Debit Card |
Yes |
Yes |
Electronic Wallets |
Yes (not for all markets) |
Yes |
Crypto |
No |
No |
Oanda vs Libertex: Research
| Research Type | Oanda | Libertex |
|---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
Yes |
Yes |
E-Mail Reports |
Yes |
Yes |
Oanda vs Libertex: Education
| Education Type | Oanda | Libertex |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
Yes |
Yes |
Articles |
Yes |
Yes |
Videos |
Yes |
Yes |
Cent account |
Yes |
Yes |
Libertex vs Oanda: Support
| Support Features | Oanda | Libertex |
|---|---|---|
Working Days |
24/5 |
24/5 |
Yes |
Yes |
|
Phone |
Yes |
Yes |
Online chat |
Yes |
Yes |
Other |
No |
No |
Oanda vs Libertex: Forex Bonuses and Promo
| Promo | Oanda | Libertex |
|---|---|---|
Forex Bonus |
Yes (Not for all countries) |
100% welcome bonus |
Affiliate Program |
Yes |
Up to 50% of referrals spread |
Other Promos |
Rebates and commission markdowns |
|
|
|
|
Top 5 Reviews on Libertex
-
Comment
When I first started trading on Forex, I already heard about Libertex as a reliable company. I decided to try and for 6 years of cooperation I was not disappointed. One of the main advantages is the author's platform, where the transaction parameters are calculated using a multiplier. In addition, instead of spreads, a fixed commission is set, which allows you to significantly reduce costs. The disadvantage of such a commission system is that you still have to pay interest on losing trades. I am not new to trading, but I constantly visit the training section, where experienced traders share the secrets of success. I want to try to work with cryptocurrency somehow, because the broker provides such an opportunity.
-
Comment
The speed of the Libertex platform is close to perfect. I regret that I did not start working with it from the beginning, I lost time. The only inconvenience is that there are no spreads here, and the commission is not always calculated clearly. Therefore, the projected income is often past the real one.
-
Comment
I had a bad experience with 2 dishonest brokers, so now Libertex seemed like a fairy tale to me! Conditions are excellent, execution is instant. I checked the withdrawal and it works. You can make money with this company, and even make good money.
-
Comment
Libertex consistently pays money, and that's a fact! For me, this is the main point in the question of whether it is worth further cooperating with the company. Therefore, I’ve been with Libertex for almost a year now. At the moment, I have no complaints about the company. Everything is calm and clear, and this is very important!
-
Comment
I've been trading with Libertex for six months. In general, trading here is quite comfortable. Conditions are the very thing I need. The trade execution quality is good. The withdrawal of the money earned is made within the time frame specified in the regulations. There is nothing to complain about!
Top 5 Reviews on Oanda
-
Comment
I can describe OANDA as one of the most proper brokers on the currency market. It works quickly, there are no failures, and no market movements have a significant impact on it. I'm safe here.
-
Comment
OANDA is a good company and I plan to continue trading with them. I started with a demo account and then switched to a live one with a small deposit. OANDA successfully passed my tests in trading and withdrawals. I easily withdraw profits to my bank card.
-
Comment
I got acquainted with the OANDA broker online. Initially, I read reviews about it and decided to give this platform a try. If you do everything correctly, you can pass the verification process, although it does take some time. Then, the actual trading process began. The conditions at OANDA are average, so I can give this broker a decent rating.
-
Comment
The broker OANDA is licensed by reliable regulators, offers a wide range of financial services, boasts years of experience, multiple regulators, and significant awards. There is a vast selection of popular trading instruments, a very low minimum deposit, and qualified technical support. However, the OANDA website occasionally functions poorly. Overall, I currently have no major complaints about trading with this broker.
-
Comment
OANDA offers tight spreads, is licensed, and has a low entry threshold and fast withdrawals. The overall impression of working with this company is positive. I would recommend this broker. Another advantage is that OANDA's client support is excellent.
- Webull vs Oanda
- Oanda vs InstaForex
- OspreyFX vs Oanda
- ProsperityFX vs Oanda
- Deriv vs Oanda
- EagleFX vs Oanda
- Capital.com vs Oanda
- Oanda vs AMP Global
- Oanda vs Spreadex
- Oanda vs Moneta Markets
- Oanda vs Vantage
- Oanda vs BlackBull Markets
- Oanda vs London Capital Group (LCG)
- Oanda vs FXCC
- Oanda vs Trading 212
- Oanda vs FXChoice
- Oanda vs IFC Markets
- Oanda vs XBTFX
- Oanda vs NAGA
- Oanda vs FXOpen
- Oanda vs City Index
- Oanda vs IG
- Oanda vs Saxo Bank
- Oanda vs Dukascopy
- Oanda vs LiteForex
- Oanda vs CMC Markets
- Oanda vs FP Markets
- Oanda vs OctaFX
- Oanda vs HotForex
- Oanda vs TD Ameritrade
- Oanda vs FBS
- Oanda vs Pepperstone
- Oanda vs Fusion Markets
- Oanda vs XTB
- Oanda vs Plus500
- Oanda vs FXTM
- Oanda vs Interactive Brokers
- Oanda vs AvaTrade
- Oanda vs Forex.com
- Oanda vs XM
- Oanda vs InstaForex
- Oanda vs IC Markets
- Oanda vs Exness
- Tickmill vs Oanda
FAQs
What should I start Forex trading with?
It is desirable for novice traders to explore trading using a demo account to learn the market and how to work on the trading platform without the risk of suffering losses. At the same time, it is advisable to review the educational materials of the broker, learn trading basics. Then you can deposit the minimum required amount to perform a small number of transactions. If you manage to close several months in a row in the black, without substantial drawdowns on the account, then you can try increasing your deposit. Also trying to copy trades automatically is a good option for a start.
What amount should I start trading with?
The minimum deposit of $10 may be enough to trade on the cent account. However, for trading on Standard/ECT accounts, experts recommend starting with at least $200-500. With this amount, you can use not a very big leverage. Remember, getting carried away with the margin is the main cause of losses among beginners.
What should I take into consideration when choosing a broker?
Experts recommend looking at the broker’s reliability first and foremost. The other important features include basic trading conditions, commissions and fees, customer reviews. If brokers are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. One broker may be good for professionals and another – for novice traders.
Is it possible to be scammed by a broker with a license from a reputable regulator?
In theory, yes. But in practice, it takes so much time and money to comply with the requirements of reputable regulators that it is not worth it for scammers to bother obtaining a legitimate license.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.