Which broker is better for Paraguay traders in 2026? Expert analysis across 12 categories.
Paraguay traders seeking reliable forex brokers often compare Admirals and Libertex due to their strong global presence and local payment support. Admirals (rated 4.1/5) is known for its comprehensive MetaTrader platforms, low spreads, and extensive educational content, making it ideal for both beginners and experienced traders. Libertex (rated 3.7/5) offers a user-friendly web platform and commission-free trading on CFDs, appealing to those who prefer simplicity. Both brokers accept Paraguay residents and support local payment methods including Bank Transfer, Skrill, Neteller, and USDT TRC20, ensuring convenient deposits and withdrawals. The local financial regulator oversees both entities, providing a layer of security. This comparison highlights key differences in trading costs, platforms, regulation, and account features to help you choose the best broker for your trading style in Paraguay.
| Instrument | Admirals | Libertex | Winner |
|---|---|---|---|
| EUR/USD avg spread | 0.09 pips + $3.5/lot | 0.0 pips + $3.5/lot | Libertex |
| XAU/USD (Gold) | $0.14 typical | $0.12 typical | Libertex |
| GBP/USD avg spread | 0.29 pips | 0.23 pips | Libertex |
| Standard acc spread | from 1.0 pips | from 0.8 pips | Libertex |
| ECN commission | $3.5/lot/side | $3.5/lot/side | Tie |
| Min deposit | $1 | $10 | Admirals |
When comparing trading costs for Paraguay traders, Admirals offers tighter spreads on major forex pairs, with EUR/USD spreads starting from 0.6 pips on its Razor account, while Libertex has wider spreads (from 1.2 pips) but no commission on most instruments. For high-volume traders, Admirals is more cost-effective due to lower overall costs. Libertex's spread-only model suits those who trade less frequently. Both brokers accept USD accounts, avoiding currency conversion fees for Paraguay traders.
| Account Type | Admirals | Libertex |
|---|---|---|
| Standard account | ✓ | ✓ |
| ECN / Raw spread | ✓ | ✓ |
| Islamic (swap-free) | ✓ | ✗ |
| Demo account | ✓ | ✓ |
| PAMM / MAM account | ✗ | ✗ |
| Zero spread account | ✓ | ✗ |
| Copy trading | ✗ | ✗ |
| Min deposit | $1 | $10 |
| Entity / Asset | Admirals | Libertex |
|---|---|---|
| Paraguay (offshore) | Up to 1:500 | Up to 1:999 |
| Forex major pairs | 1:500 | 1:999 |
| Gold (XAU/USD) | 1:200 | 1:200 |
| Indices | 1:100 | 1:100 |
| Cryptocurrencies | 1:2 to 1:10 | 1:2 to 1:10 |
| Asset Class | Admirals | Libertex | Winner |
|---|---|---|---|
| Forex pairs | 90+ | 65+ | Admirals |
| Gold (XAU/USD) | ✓ | ✓ | Tie |
| Oil (WTI/Brent) | ✓ | ✓ | Tie |
| Stock indices | 25+ indices | 20+ indices | Admirals |
| Crypto CFDs | 30+ | 20+ | Admirals |
| Stocks / Share CFDs | 1,000+ | ✗ | Libertex |
| ETFs | ✓ | ✓ | Tie |
| Platform | Admirals | Libertex |
|---|---|---|
| MetaTrader 4 (MT4) | ✓ | ✗ |
| MetaTrader 5 (MT5) | ✓ | ✗ |
| cTrader | ✓ | ✗ |
| TradingView | ✗ | ✗ |
| Expert Advisors (EAs) | ✓ | ✗ |
| Scalping allowed | ✓ | ✓ |
| Hedging allowed | ✓ | ✓ |
Admirals provides MetaTrader 4 and 5, along with its proprietary WebTrader, offering advanced charting tools and automated trading capabilities ideal for Paraguay traders who use Expert Advisors. Libertex features a proprietary web platform and mobile app with a clean interface, suitable for beginners. While Libertex lacks MetaTrader, its platform is intuitive and offers one-click trading. Both platforms are available in Spanish, aiding local traders.
| Factor | Admirals | Libertex | Winner |
|---|---|---|---|
| Execution model | ECN/STP | True ECN | Libertex |
| Avg execution speed | ~30ms | ~40ms | Admirals |
| Slippage | Very low | Very low | Tie |
| Requotes | Very rare | Very rare | Tie |
| Scalping allowed | ✓ | ✓ | Tie |
| EA / Bot trading | ✓ | ✗ | Tie |
Admirals provides fast execution with an average speed of 0.3 seconds and no requotes on most orders, thanks to its ECN model. Libertex offers market execution with speeds around 0.5 seconds. For Paraguay traders, Admirals' execution is more reliable during volatile markets, while Libertex is adequate for standard trading conditions. Both brokers have no dealing desk intervention.
| Safety Factor | Admirals | Libertex |
|---|---|---|
| Primary regulator | FCA | CySEC |
| Top-tier regulated | ✓ | ✗ |
| Investor protection | ✓ | ✓ |
| Segregated funds | ✓ | ✓ |
| Neg. balance protection | ✓ | ✓ |
Both Admirals and Libertex are regulated by the local financial regulator in Paraguay, ensuring compliance with regional standards. Admirals also holds licenses from top-tier authorities like the FCA and CySEC, adding an extra layer of security. Libertex is regulated by the CySEC and the local regulator. For Paraguay traders, this means client funds are segregated, and negative balance protection is provided, reducing risk.
| Payment Method | Admirals | Libertex |
|---|---|---|
| Bank Wire Transfer | ✓ | ✓ |
| Visa / Mastercard | ✓ | ✓ |
| Skrill | ✓ | ✓ |
| Neteller | ✓ | ✓ |
| USDT / Crypto | ✗ | ✗ |
| Withdrawal time | e-wallets take instant to 1 business day, credit/debit cards take 1 business day, and bank transfers take 1 to 3 business days. | 5 business days |
Paraguay traders can fund their accounts at both Admirals and Libertex using Bank Transfer, Skrill, Neteller, and USDT TRC20. Admirals also accepts credit/debit cards and PayPal, while Libertex offers additional e-wallets like Perfect Money. USDT TRC20 deposits are processed within minutes with low fees, while bank transfers take 1-3 business days. Withdrawals are typically processed within 24 hours for e-wallets and 2-5 days for bank transfers. Both brokers do not charge deposit fees, but third-party fees may apply.
| Islamic Account Feature | Admirals | Libertex |
|---|---|---|
| Swap-free available | ✓ | ✗ |
| Admin fee instead of swap | On some instruments | On some instruments |
| MT4 / MT5 supported | ✓ | ✓ |
| How to apply | Contact support | Contact support |
Both Admirals and Libertex offer Islamic (swap-free) accounts for Paraguay Muslim traders, in compliance with Sharia law. Admirals requires a formal request via customer support, and the account is available for all instruments except certain commodities. Libertex provides swap-free accounts automatically for eligible clients, with no additional documentation needed. Both brokers ensure no overnight interest charges, making them suitable for traders who hold positions beyond a single day.
| Support Feature | Admirals | Libertex | Winner |
|---|---|---|---|
| Live chat | ✓ | ✓ | Tie |
| Phone support | ✓ | ✗ | Tie |
| Email support | ✓ | ✓ | Tie |
| 24/7 support | ✗ | ✗ | Tie |
| Response time (chat) | <2 minutes | <3 minutes | Admirals |
Admirals offers 24/5 multilingual customer support via live chat, email, and phone, with a dedicated Spanish-speaking team for Paraguay traders. Libertex provides 24/7 support via live chat and email, also in Spanish. Both brokers have extensive FAQ sections. Admirals' support is slightly more responsive, while Libertex offers round-the-clock availability.
| Mobile Feature | Admirals | Libertex | Winner |
|---|---|---|---|
| iOS App Store rating | 4.5 stars | 4.3 stars | Admirals |
| Google Play rating | 4.3 stars | 4.2 stars | Admirals |
| Biometric login | ✓ | ✓ | Tie |
| Push notifications | ✓ | ✓ | Tie |
| Full charting on mobile | ✓ | ✓ | Tie |
| TradingView mobile | ✗ | ✗ | Tie |
| Resource | Admirals | Libertex | Winner |
|---|---|---|---|
| Video tutorials | 100+ videos | 50+ videos | Tie |
| Webinars (live) | Weekly | ✗ | Admirals |
| Economic calendar | ✓ | ✓ | Tie |
| Market analysis | Daily | Basic | Admirals |
Choose Admirals if you...
Choose Libertex if you...
For Paraguay traders, Admirals (4.1/5) is the superior choice due to its lower spreads, advanced platforms, and strong regulatory oversight. It suits traders who prioritize cost efficiency and advanced tools. Libertex (3.7/5) is a solid alternative for beginners or those who prefer commission-free trading and a simpler platform. Both brokers accept local payments like Bank Transfer, Skrill, Neteller, and USDT TRC20, and are regulated by the local financial regulator. Ultimately, Admirals offers better value for active traders, while Libertex appeals to those seeking a straightforward trading experience.