IC Markets vs Libertex 2026: Which Broker is Best for Greece Traders?

IC Markets offers Greece traders significantly lower trading costs. On its Raw Spread account, spreads start from 0.0 pips with a commission of $3.5 per lot per side, making it ideal for high-volume traders. Libertex, in contrast, operates on a commission-free model but marks up spreads, often resulting in costs 2-3 times higher for active traders. For a Greek trader trading 10 lots of EUR/USD per month, IC Markets could save over €200 annually compared to Libertex. Additionally, IC Markets does not charge deposit fees for Bank Transfer, Skrill, Neteller, or USDT TRC20, whereas Libertex may have hidden costs on withdrawals.

IC Markets provides Greece traders with the industry-standard MetaTrader 4 and 5 platforms, plus cTrader for advanced charting and algorithmic trading. These platforms offer full customization, support for Expert Advisors (EAs), and fast order execution. Libertex offers its proprietary web and mobile platform, which is simpler and more beginner-friendly but lacks advanced tools like depth of market or multi-chart layouts. For Greek traders who rely on automated strategies or scalping, IC Markets is the clear winner. Libertex may suit casual traders who prefer a straightforward interface.

IC Markets provides ultra-fast execution with an average speed of 40ms on MetaTrader and cTrader, using Equinix NY4 data centers. This is critical for Greek scalpers and algorithmic traders. Libertex's execution is slower, averaging 100-200ms, and may suffer from requotes during volatile markets. For Greek traders focusing on day trading or high-frequency strategies, IC Markets' execution quality is superior.

Both IC Markets and Libertex are regulated by CySEC under EU MiFID II rules, which means Greek traders are protected by negative balance protection and access to the Investor Compensation Fund (up to €20,000). Additionally, IC Markets holds licenses from ASIC and FCA, adding an extra layer of oversight. Libertex is also regulated by the Cyprus Securities and Exchange Commission. The local financial regulator (HCMC) in Greece recognizes these licenses, so traders can operate confidently. However, IC Markets' multi-regulatory status offers stronger client fund segregation and dispute resolution.

For Greece traders, IC Markets offers more deposit and withdrawal flexibility. You can fund your account via Bank Transfer (1-3 business days), Skrill (instant), Neteller (instant), and USDT TRC20 (instant with low fees). Minimum deposit is $200. Withdrawals are processed within 24 hours for e-wallets and crypto, with no fees from IC Markets. Libertex supports Bank Transfer, Skrill, and Neteller but not USDT TRC20. Minimum deposit is $100, but withdrawal fees may apply for bank transfers. Greek traders who use crypto or e-wallets will find IC Markets more convenient and cost-effective.

Greek Muslim traders can open Islamic (swap-free) accounts with both brokers. IC Markets offers swap-free accounts on all account types (Standard, Raw Spread, and cTrader) with no additional fees. Libertex provides Islamic accounts but only on certain account types and may charge a small administrative fee after a holding period. IC Markets' policy is more transparent and cost-effective for long-term positions. Greek traders should request the Islamic account via customer support and confirm compliance with local financial regulator rules.

IC Markets offers 24/7 multilingual customer support via live chat, email, and phone, with Greek language support available during European trading hours. Libertex provides support in Greek but only during business hours (Monday to Friday, 9 AM to 6 PM EET). For Greek traders who trade outside these hours, IC Markets' round-the-clock support is a significant advantage. Both brokers have extensive FAQ sections, but IC Markets' response times are generally faster.