Which broker is better for Hungary traders in 2026? Expert analysis across 12 categories.
For Hungary traders evaluating forex brokers, FBS and Libertex present two distinct options with equal overall ratings of 3.7/5. Both brokers are accessible to Hungarian residents, supporting popular local payment methods like Bank Transfer, Skrill, Neteller, and USDT TRC20. FBS is known for its competitive spreads and a wide range of account types, including ECN and Cent accounts, appealing to both beginners and experienced traders. Libertex, on the other hand, emphasizes simplicity and a proprietary platform, making it a strong choice for those who prefer a streamlined trading experience. Both brokers operate under the oversight of the local financial regulator, providing a regulated environment for Hungary traders. This comparison will help you decide which broker aligns with your trading goals, whether you prioritize low costs, platform ease, or specific deposit options.
| Instrument | FBS | 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 | $5 | $10 | Libertex |
When comparing trading costs for Hungary traders, FBS generally offers lower spreads, particularly on its ECN account where spreads start from 0.0 pips plus a commission of $6 per lot. Libertex has slightly wider spreads but compensates with commission-free trading on many instruments. For a Hungary trader executing 10 standard lots per month, FBS could save around $20-30 in spread costs compared to Libertex on major forex pairs like EUR/USD. However, Libertex's all-in pricing may appeal to those who dislike separate commission fees. Both brokers are transparent about their fee structures, so Hungary traders should consider their trading frequency and volume.
| Account Type | FBS | Libertex |
|---|---|---|
| Standard account | ✓ | ✓ |
| ECN / Raw spread | ✓ | ✓ |
| Islamic (swap-free) | ✓ | ✗ |
| Demo account | ✓ | ✓ |
| PAMM / MAM account | ✗ | ✗ |
| Zero spread account | ✗ | ✗ |
| Copy trading | ✗ | ✗ |
| Min deposit | $5 | $10 |
| Entity / Asset | FBS | Libertex |
|---|---|---|
| Hungary (offshore) | Up to 1:3000 | Up to 1:999 |
| Forex major pairs | 1:3000 | 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 | FBS | Libertex | Winner |
|---|---|---|---|
| Forex pairs | 90+ | 65+ | FBS |
| Gold (XAU/USD) | ✓ | ✓ | Tie |
| Oil (WTI/Brent) | ✓ | ✓ | Tie |
| Stock indices | 25+ indices | 20+ indices | FBS |
| Crypto CFDs | 30+ | 20+ | FBS |
| Stocks / Share CFDs | ✗ | ✗ | Libertex |
| ETFs | ✗ | ✓ | Tie |
| Platform | FBS | Libertex |
|---|---|---|
| MetaTrader 4 (MT4) | ✓ | ✗ |
| MetaTrader 5 (MT5) | ✓ | ✗ |
| cTrader | ✗ | ✗ |
| TradingView | ✗ | ✗ |
| Expert Advisors (EAs) | ✓ | ✗ |
| Scalping allowed | ✓ | ✓ |
| Hedging allowed | ✓ | ✓ |
FBS offers the popular MetaTrader 4 and MetaTrader 5 platforms, which are widely used by Hungary traders for their advanced charting tools, automated trading via Expert Advisors, and custom indicators. Libertex provides its proprietary web-based and mobile platforms, designed for ease of use with a clean interface and one-click trading. For Hungary traders who rely on third-party tools or algorithmic strategies, FBS is the better choice. Those who prefer a simpler, all-in-one platform without installation may find Libertex more convenient. Both platforms are available in Hungarian language, ensuring a smooth experience.
| Factor | FBS | Libertex | Winner |
|---|---|---|---|
| Execution model | ECN/STP | True ECN | Libertex |
| Avg execution speed | ~30ms | ~40ms | FBS |
| Slippage | Very low | Very low | Tie |
| Requotes | Very rare | Very rare | Tie |
| Scalping allowed | ✓ | ✓ | Tie |
| EA / Bot trading | ✓ | ✗ | Tie |
FBS uses a mix of market execution and instant execution depending on the account type, with average execution speeds under 0.5 seconds on its ECN accounts. Libertex employs market execution with speeds around 1 second. For Hungary traders who trade during volatile news events or use scalping strategies, FBS's faster execution and lower latency may provide an advantage. Both brokers offer negative balance protection, ensuring you cannot lose more than your deposit.
| Safety Factor | FBS | Libertex |
|---|---|---|
| Primary regulator | IFSC | CySEC |
| Top-tier regulated | ✗ | ✗ |
| Investor protection | ✓ | ✓ |
| Segregated funds | ✓ | ✓ |
| Neg. balance protection | ✓ | ✓ |
Both FBS and Libertex are regulated by the local financial regulator, ensuring they meet EU standards for client fund protection and transparency. FBS holds licenses from multiple authorities including the FSC and CySEC, while Libertex is regulated by the CySEC and other European bodies. For Hungary traders, this means both brokers must adhere to strict rules on segregated accounts, negative balance protection, and client compensation schemes. However, it's important to note that regulation may vary by entity, so Hungary traders should confirm the specific entity handling their account to ensure full local regulatory coverage.
| Payment Method | FBS | Libertex |
|---|---|---|
| Bank Wire Transfer | ✓ | ✓ |
| Visa / Mastercard | ✓ | ✓ |
| Skrill | ✓ | ✓ |
| Neteller | ✓ | ✓ |
| USDT / Crypto | ✓ | ✗ |
| Withdrawal time | Electronic Wallets / Systems: Credited immediately to 30 minutes (processed 24/7 by the financial department).Cryptocurrency: Instant, though subject to blockchain network confirmations.Credit / Debit Cards: Average of 3 to 4 business days (internal processing takes 15–20 minutes, plus bank clearance).Bank Transfers: Usually processed within 7 to 10 business days. | 5 business days |
Hungary traders can fund their accounts at both FBS and Libertex using Bank Transfer, Skrill, Neteller, and USDT TRC20. FBS also accepts other e-wallets like Perfect Money and credit cards, while Libertex supports additional options such as Visa/Mastercard and Apple Pay. Deposits via e-wallets and USDT TRC20 are typically instant, while bank transfers can take 1-3 business days. Withdrawals are processed quickly: FBS usually completes e-wallet withdrawals within 24 hours, while Libertex may take up to 48 hours. Both brokers do not charge deposit fees, but bank transfers may incur intermediary charges. USDT TRC20 is particularly useful for Hungary traders seeking fast, low-cost transfers without currency conversion issues.
| Islamic Account Feature | FBS | 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 FBS and Libertex offer Islamic (swap-free) accounts for Muslim traders in Hungary who wish to trade in accordance with Sharia law. These accounts eliminate overnight interest charges (swap fees) on positions held open past the daily rollover. FBS provides swap-free accounts for all account types, while Libertex offers them upon request. Hungary traders should note that Islamic accounts may have restrictions on certain instruments or trading periods, and some brokers require a minimum deposit or proof of faith. It's advisable to contact customer support to confirm eligibility and terms before opening an account.
| Support Feature | FBS | Libertex | Winner |
|---|---|---|---|
| Live chat | ✓ | ✓ | Tie |
| Phone support | ✗ | ✗ | Tie |
| Email support | ✓ | ✓ | Tie |
| 24/7 support | ✗ | ✗ | Tie |
| Response time (chat) | <2 minutes | <3 minutes | FBS |
FBS offers 24/7 multilingual customer support via live chat, email, and phone, with Hungarian language assistance available. Libertex provides support during business hours through live chat, email, and phone, also in Hungarian. For Hungary traders needing round-the-clock help, FBS has an edge with its 24/7 availability. Both brokers have comprehensive FAQ sections on their websites covering common queries.
| Mobile Feature | FBS | Libertex | Winner |
|---|---|---|---|
| iOS App Store rating | 4.5 stars | 4.3 stars | FBS |
| Google Play rating | 4.3 stars | 4.2 stars | FBS |
| Biometric login | ✓ | ✓ | Tie |
| Push notifications | ✓ | ✓ | Tie |
| Full charting on mobile | ✓ | ✓ | Tie |
| TradingView mobile | ✗ | ✗ | Tie |
| Resource | FBS | Libertex | Winner |
|---|---|---|---|
| Video tutorials | 100+ videos | 50+ videos | Tie |
| Webinars (live) | Weekly | ✗ | FBS |
| Economic calendar | ✓ | ✓ | Tie |
| Market analysis | Daily | Basic | FBS |
Choose FBS if you...
Choose Libertex if you...
For Hungary traders, the choice between FBS and Libertex ultimately depends on your trading priorities. FBS excels in cost efficiency with lower spreads and faster execution, making it ideal for active traders and scalpers. Libertex offers a user-friendly platform and commission-free trading, perfect for beginners or those who prefer simplicity. Both brokers support Hungarian payment methods like Bank Transfer, Skrill, Neteller, and USDT TRC20, and operate under the local financial regulator, ensuring a secure trading environment. If you value low costs and advanced tools, choose FBS. If you prefer an intuitive experience with no hidden fees, Libertex is a solid alternative. Either way, Hungary traders have two reliable options to start their forex journey.