Is eToro better than Libertex? Who offers lower spread, better trading conditions and is safe broker to trade?
We provide answers to all questions in this eToro vs Libertex Comparison Review. For this Review we opened real accounts and deposit over €6,000 in total to compare both offerings, account opening process at eToro and Libertex also the fees, trading conditions, platform selection and withdrawal process.
What is eToro and Libertex
eToro is one of the largest, Best Social trading Brokers and platforms with a good range of portfolios and a Top number of investors.
Libertex is a Cyprus-headquartered forex and contracts for difference (CFDs) broker brand. Its offerings include forex, indices, commodities, cryptocurrencies, and stocks CFDs.
Some of the highlights of eToro vs Libertex are:
| eToro | Libertex | |
| 💻 Website | www.etoro.com | www.libertex.com |
| 🛡️Founded year | 2006 | 1997 |
| 🏦 Headquarter | Israel | Cyprus |
| 🗺️ Authorized & Regulated in | USA, UK, Australia, Cyprus | Cyprus, South Africa, Belarus |
| 🔒 Is Broker safe | Yes | Yes |
| 💰 EUR/USD Spread | 0.97 | Zero Spread |
| 💳 Minimum deposit | US$50 or US$500 | €100 or $10 |
| 💰 Withdrawal fee | US$5 | Depends on the withdrawal method |
| 🖥️ Trading Platform | eToro’s own trading platform | MT4, Libertex platform |
| 📈 Markets offered | Indices, Forex, Commodities, Stocks, Cryptocurrencies, ETFs | Forex, Indices, Stocks, Commodities, Cryptocurrencies |
| 📉 Number of Products | 986 | 271 (depends on the jurisdiction) |
| 🔎 Our Detailed Review | eToro Review | Libertex Review |
Licenses and Regulation
Both Brokers are safe to trade and are highly reliable, low-risk trading Brokers due to regulations and are not a scam.
eToro is licensed by some of the top global regulators, including the UK’s FCA, CySEC, ASIC, and FinCEN.
Libertex holds 3 regulatory licenses. The broker is regulated in Cyprus, South Africa, Belarus. Being operational for more than two decades, the broker also has a good reputation in the market.
For this review, we opened an account under eToro (Europe) Limited regulated by CySEC and with Libertex (Europe) Ltd forex and contracts for difference (CFDs) broker brand in Cyprus.
We recommend you register your account with the eToro UK or CySEC entity and with Cyprus-headquartered Libertex if they are available in your jurisdiction.
| eToro | Libertex | |
| 🔒 Licenses | ASIC, CySEC, IE Singapore, FCA, NFA | CySEC, FSCA, NBRB, NA |
| Top Tier License | ✔️ | ✔️ |
| Publically Traded | ❌ | ❌ |
| Compensation Scheme | ✔️ (depending on entity) | ✔️ (depending on entity) |
eToro vs Libertex Fees
eToro is built into a spread basis, while Libertex is a commission based account.
There are additional fees charged by two Brokers: eToro charges a few non-trading fees, while Libertex generally charges trading fees, but there are some spreads for some instruments as well.
Libertex does not charge any deposit fees (only with one exception). The broker, however, charges withdrawal fees for most of the methods.
| eToro Fees | Libertex Fees | |
| Fees based on spread | ✔️ | ❌ |
| Floating Spread | ✔️ | ✔️ |
| Fixed Spread | ❌ | ❌ |
| Commission based fees | ❌ | ✔️ |
| Inactivity Fee | $10 | $5 |
| Deposit fee | $0 | $0 |
| Withdrawal fee | $5 | $0 |
| Active trader/ VIP Programs | ✔️ | ✔️ |
Spreads Charged in Our Trades
For our test trades on eToro vs Libertex accounts, we chose popular instruments in each market. We placed 3 trades for each instrument to get the average spread, we found both negative and positive sides for each Broker spreads.
eToro spreads for Indices, Forex, and Commodities are below the industry average. For stock CFDs spreads and Cryptocurrencies are above the industry average.
Our testing finds Libertex spreads for Indices, Forex and Stocks higher than the industry average. Spreads on Commodities and Cryptocurrencies are on the lower side.
| Markets | Instruments | eToro commission | Libertex commission | Industry avg. spread |
| Indices | FTSE 100 | 1.4 | 6 | 1.65 |
| Forex | EUR/USD | 0.97 | 4.66 | 1.16 |
| Commodities | Gold | 4.5 | 1.93 | 3.53 |
| Stocks | AAPL | 2.23 | 3 | 1.75 |
| Cryptocurrencies | Bitcoin | 102.71 | 5.52 | 72.81 |
Account Types Compared
eToro and Libertex both offer a single account with access to all tools and services from one account.
Opening a new account on eToro was very simple and easy, the registration process took merely 11 minutes.
Account Opening with Libertex for our test was smooth, the registration process took merely 10-15 minutes.
| eToro Accounts | Libertex Accounts | |
| Standard Account | ✔️ | ✔️ |
| ECN / Commission Based Account | ❌ | ✔️ |
| Islamic Account | ✔️ | ❌ |
| PAMM Account | ❌ | ❌ |
Markets and Products
Libertex offers a wider range of instrument selection, however, all are traded as CFDs. While eToro is primarily a Forex and CFD broker, but also offers trading services with real Stocks, ETFs, and Cryptocurrencies.
| Markets | eToro Instruments | Libertex Instruments |
| Indices | 13 | 21 |
| Forex | 49 | 51 |
| Commodities | 31 | 18 |
| Stocks | 726 | 100 |
| Cryptocurrency | 16 | 52 |
| ETFs | 151 | 29 |
Trading Conditions
Trading conditions on eToro are fair and suitable for beginning traders, however, do not allow scalping.
Trading conditions on Libertex are decent. The broker allows hedging and scalping strategies but traders cannot change leverage levels.
| Trading Method | eToro | Libertex |
| Hedging | ✔️ (eToro will retain the profits) | ✔️ |
| Scalping | ❌ | ✔️ (Traders cannot open more than 1 position in a minute) |
| Change Leverage | ✔️ | ❌ |
| Copy trading/ Social trading | ✔️ | ❌ |
| Beginners Trading | ✔️ | ❌ |
| Professional Trading | ✔️ | ✔️ |
Deposit and Withdrawal
Both deposit and withdrawal processes on eToro and Libertex are simple enough, supporting various funding methods. However, eToro charges a flat fee of $5 for every withdrawal.
We tested the deposit process on eToro using multiple payment modes and the deposits were received instantly.
We tested deposit by Debit Card on Libertex there was no deposit fee and the findings were instant.
| eToro | Libertex | |
| 💰 Deposit Fee | ❌ | ❌ |
| 💰 Withdrawal fee | $5 | ❌ |
| 💳 Minimum deposit | US$50 or US$500 | US$100 |
| Bank Transfer | ✔️ | ✔️ |
| Debit/ Credit Cards | ✔️ | ✔️ |
| PayPal | ✔️ | ✔️ |
| Skrill | ✔️ | ✔️ |
Trading Platform
eToro uses its own trading platform, while Libertex offers alternative platforms and is also considered as an Execution Agency Model.
Both platforms look modern and are easy to use or navigate.
eToro is known for its social trading feature. In fact, it gained popularity because of this feature. It basically has two features: CopyTrader and CopyPortfolio.
Libertex platform is user-friendly and good for CFD trading.
| eToro Platform | Libertex Platform | |
| Proprietary Platform | ✔️ | ✔️ |
| Web Platform | ✔️ | ❌ |
| Desktop Platform | ❌ | ✔️ |
| Mobile App | ✔️ | ✔️ |
| Alternative Platforms | ❌ | ✔️ |
| MetaTrader4 | ❌ | ✔️ |
| Simple to use platform | ✔️ | ✔️ |
| Demo Account Trading | ✔️ | ✔️ |
| Execution Agency Model | ❌ | ✔️ |
| Research | ✔️ | ✔️ |
| MetaTrader5 | ❌ | ✔️ |
Education and Support
eToro does not offer high-quality educational resources. Libertex’s educational resources are poor, too. But they both offer decent customer support with Live Chat and support inquiries.
We found eToro developing its learning materials and established eToro Trading School.
Libertex offers some guides on trading, webinars, and demo account to educate novice traders.
| eToro Support | Libertex Support | |
| Trading School for Beginners | ✔️ | ✔️ |
| Tutorials | ✔️ | ✔️ |
| Trading Videos | ❌ | ✔️ |
| Webinars | ✔️ | ✔️ |
| Daily News and Analysis | ✔️ | ❌ |
| Economic Calendar | ✔️ | ✔️ |
| Live Chat | ✔️ | ✔️ |
| Email Support | ✔️ | ✔️ |
| 24/7 availability | ❌ | ❌ |
Conclusion on eToro vs Libertex
Comparing eToro to Libertex side by side we found both brokers reliable and with good standing.
Our trading experience on eToro platform was smooth. eToro is good for beginners and experienced/popular traders, also allowing hedging. It has some attractive features like social trading and is Best for the number of Top Traders.
Our overall experience with Libertex was decent. The broker offers fast execution without any spreads. It also allows scalping and hedging, and is good for professional traders.
Account opening and deposits were smooth and fast, but we had to provide identity proof and selfies with harsh requirements for withdrawals.
Our experience with customer support was mixed as some of the responses were fast, clear, and detailed, while they could not answer one. We recommend traders to contact the broker via Live chat.
| eToro | Libertex | |
| Recommended for | ✔️ Best for Social Trading ✔️ Beginning Traders ✔️ Trading Currency Pairs ✔️ Cryptocurrency Trading ✔️ Stocks Trading | ✔️Swing traders ✔️ Experienced traders ✔️ Trading currency pairs ✔️ Using Metatrader ✔️ EA trader ✔️ Day trader ✔️ Commission based Trading |
| Might not be fit for | ❌ Scalping trader ❌ Hedging trader ❌ EA trader ❌ Trading through MT4/MT5 platform only ❌ Commission based trading | ❌ Beginning Trader |