FBS vs Libertex Forex Broker Comparison
A head-to-head comparison of FBS and Libertex across regulation, trading costs, platforms, and editorial scoring.
Offshore broker with CySEC and IFSC licensing, dominant in Southeast Asia and MENA through heavy localised marketing and generous bonuses - best evaluated on regulatory strength rather than promotion value.
VS
Long operational history since 1997, zero spread commission model, and very low $10 minimum deposit - though limited to CySEC regulation and restricted markets.
Our Verdict
Too close to call
FBS and Libertex are extremely closely matched with scores of 3.9/5 and 3.9/5. The right choice depends on your individual trading priorities.
Verdict by Trader Profile
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
Best for low cost trading
It's a tie
Both equally suited
Both brokers offer spreads from 0 pips.
Best for safety & regulation
Recommended
Libertex has a stronger safety profile: compensation scheme, segregated funds, negative balance protection.
Best for platform choice
Recommended
Libertex offers more exclusive platform options: Proprietary Web/Mobile, a proprietary platform.
Best for beginners
Recommended
Both brokers share the same editorial score of 3.9/5, but FBS requires a lower minimum deposit ($1 vs $10 for Libertex), making it more accessible for new traders.
FBS vs Libertex: Side-by-Side Forex Broker Comparison
Score
= highlighted score shows which broker leads in that category| Editorial score | 3.9/ 5 | 3.9/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 3.5 / 5 | 3.8 / 5▲ |
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 | $10 |
| Spreads from | 0 pips | 0 pips |
| Commission / lot | $20/lot | N/A |
| Max leverage | 3000:1 | 999:1 |
| Withdrawal fee | Free | Free |
| Regulators | FSCA CySEC IFSC | CySEC |
| Platforms | MetaTrader 4 MetaTrader 5 | MetaTrader 4 MetaTrader 5 Proprietary Web/Mobile |
| Active bonuses | ||
| Visit broker | Visit FBS | Visit Libertex |
FBS vs Libertex Forex Broker Pros & Cons
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
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
FBS vs Libertex: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
2
FBS
criteria wins
2
Libertex
criteria wins
Highlighted rows show where the two brokers differ
| 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 vs Libertex: Frequently Asked Questions
FBS and Libertex share the same editorial score of 3.9/5. The right choice depends on your priorities: trading costs, platform preference, or regulatory coverage.
Both FBS and Libertex offer spreads starting from 0 pips, making them equivalent on this metric. Consider commissions and account types when evaluating total trading costs.
FBS has a lower minimum deposit of $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. Always confirm a broker's current regulatory status before opening an account.
For beginners: FBS has a lower minimum deposit ($1), lowering the barrier to entry; both brokers offer negative balance protection. Also weigh up educational resources and customer support quality before deciding.
FBS offers maximum leverage of 3000:1, while Libertex offers up to 999:1. Available leverage varies by account type, instrument, and jurisdiction. Higher leverage amplifies both potential profits and losses. Always use appropriate risk management.
FBS charges $20 per lot on commission-based accounts. Commission details for the other broker are not currently available. Check their website for up-to-date pricing.
FBS supports MetaTrader 4, MetaTrader 5 and Libertex offers MetaTrader 4, MetaTrader 5, Proprietary Web/Mobile; both support MetaTrader 4, MetaTrader 5; Libertex exclusively offers Proprietary Web/Mobile.
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Score 3.9 / 5
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