FBS and Libertex face off in a tightly matched comparison, centering on cost structures, platform options, and regulatory coverage. The tension emerges from how each aligns with key trading priorities.
FBS and Libertex are closely matched, but each shows distinct strengths: FBS offers raw spreads and no inactivity fee, Libertex provides investor compensation scheme coverage and a proprietary platform.
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
Both brokers offer spreads from 0.00 pips.
| Editorial score | 3.9/ 5 | 3.9/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 3.5 / 5 | 3.8 / 5▲ |
Pros
Very low $1 minimum deposit on Cent accounts
MT4 and MT5 on all account types
Multiple account types including Cent, Zero Spread, and ECN
Widely available across Southeast Asia, MENA, and Africa
Client funds held in segregated accounts
A closer look at the specific criteria each broker meets or misses within each scoring category.
| Criteria | FBS | Libertex |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Fail | Fail |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Pass | Pass |
| Compensation scheme (e.g. FSCS) | Fail | Pass |
| Fees & Spreads | ||
| Raw/ECN spreads available | Pass | Fail |
| No deposit fee | Pass | Pass |
| No inactivity fee | Pass | Fail |
| Transparent pricing page | Pass | Pass |
| Platforms & Tools | ||
| MT4/MT5 available | Pass | Pass |
| Proprietary platform | Fail | Pass |
| Mobile app | Pass | Pass |
| Advanced charting tools | Fail | Fail |
| Customer Support | ||
| 24/5 live chat | Pass | Pass |
| Phone support | Pass | Pass |
| Multilingual support | Pass | Pass |
FBS and Libertex share the same editorial score of 3.9/5. One concrete differentiator: FBS requires a lower minimum deposit.
Both FBS and Libertex start from 0 pips, making them equivalent on this metric. Compare commissions and account types to evaluate total trading costs.
FBS has $1, while Libertex requires at least $10. This makes FBS more accessible for traders with limited starting capital.
FBS is regulated by FSCA, CySEC. Libertex is regulated by CySEC. Confirm a broker's current regulatory status on the relevant regulator's public register before opening an account.
For beginners, two factors stand out: FBS requires a lower minimum deposit ($1), lowering the barrier to entry, and both brokers provide negative balance protection. Also compare demo account availability and educational resources before deciding.
FBS lists maximum leverage of 3000:1, while Libertex lists up to 999:1. Available leverage depends on your jurisdiction. EU retail clients under ESMA rules are capped at 1:30 on major forex pairs.
FBS charges $20 per lot on commission-based accounts. Commission details for Libertex are not currently available. Check their website for up-to-date pricing.
FBS supports MetaTrader 5, MetaTrader 4, while Libertex supports MetaTrader 5, Proprietary Web/Mobile, MetaTrader 4. Both provide MetaTrader 5 and MetaTrader 4. Libertex has exclusive access to Proprietary Web/Mobile.
Libertex provides investor compensation scheme coverage.
FBS wins for active traders with 550 instruments and no inactivity fee.
Libertex wins for platform choice with MT4/MT5 and a proprietary solution.
Fees & Spreads 30% weight | 4.0 / 5 | 4.0 / 5 |
|---|
Platforms & Tools 20% weight | 3.8 / 5 | 3.9 / 5▲ |
|---|
Customer Support 10% weight | 4.0 / 5▲ | 3.8 / 5 |
|---|
| Founded | 2009 | 1997 |
|---|
| Headquarters | Belize City, Belize | Limassol, Cyprus |
|---|
| Min Deposit | $1▼ lower | $10 |
|---|
| Spreads From | 0 pips | 0 pips |
|---|
| Commission / lot | $20/lot | N/A |
|---|
| 2 pips | N/A |
| Max Leverage | 3,000:1 | 999:1▲ higher |
|---|
| Inactivity Fee | None | $5/month (after 180 days) |
|---|
| Deposit Fee | Free | Free |
|---|
| Deposit methods | Bank transferCredit cardDebit cardSkrillNetellerFasaPayPerfect Money | Bank transferCredit cardDebit cardSkrillNeteller |
|---|
| Withdrawal methods | Bank transferCredit cardSkrillNetellerFasaPayPerfect Money | Bank transferCredit cardSkrillNeteller |
|---|
| Withdrawal Fee | Free | Free |
|---|
| Regulators | FSCA CySEC IFSC | CySEC |
|---|
| Platforms | MetaTrader 5 MetaTrader 4 | MetaTrader 5 Proprietary Web/Mobile MetaTrader 4 |
|---|
| Active bonuses |
|---|
Negative balance protection
No deposit fees
No inactivity fee
MetaTrader 4 and MetaTrader 5 supported
Mobile trading app available
Transparent pricing with clear cost disclosure
24/5 live chat support
Phone support available
Multilingual customer support
Pros
Very low $10 minimum deposit
Zero spread commission model, transparent cost per trade
Long operational history since 1997
MT4, MT5, and proprietary Libertex platform
Client funds held in segregated accounts
Negative balance protection
Investor compensation scheme coverage
No deposit fees
MetaTrader 4 and MetaTrader 5 supported
Mobile trading app available
24/5 live chat support
Phone support available
Multilingual customer support
Cons
Primary entity uses IFSC Belize, offshore, limited investor protection
Bonus turnover requirements are onerous
Very high leverage (3000:1) is a significant risk factor for retail clients
No top-tier regulatory licence
No investor compensation scheme
No proprietary platform
Limited charting capabilities
Cons
Only CySEC regulated, limited jurisdiction coverage
Commission multiplier model can be confusing for new traders
Not available in many major English-speaking markets
No top-tier regulatory licence
No raw spread account option
Inactivity fee applies
Limited charting capabilities
Dig deeper into each broker’s features, fees, and regulation.
Score 3.9 / 5
Score 3.9 / 5
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