Which broker is better for Taiwan traders in 2026? Expert analysis across 12 categories.
For experienced retail traders in Taiwan, choosing between Plus500 and Libertex is a critical decision that impacts trading costs, platform experience, and overall profitability. Both brokers hold a 3.7/5 rating, but they cater to different trading styles. Plus500 is a pure CFD broker known for its intuitive, web-based platform and tight, spread-only pricing. Libertex, on the other hand, offers a more traditional trading environment with a wider asset selection including cryptocurrencies and ETFs, plus a commission-based fee structure. Taiwan traders benefit from local deposit methods like Bank Transfer and Credit Card in TWD, and both brokers operate under reputable international licenses, though neither is directly regulated by the FSC Taiwan. This comparison will help you determine which broker aligns with your trading goals in 2026.
| Instrument | Plus500 | 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 | $100 | $10 | Libertex |
For Taiwan traders, trading costs are a primary concern. Plus500 uses a spread-only model, meaning no commissions on most trades. The average spread on EUR/USD is around 0.6 pips, which is competitive for active day traders. Libertex uses raw spreads (from 0.1 pips) but charges a fixed commission per trade, typically $3.5 per lot. For high-volume traders in Taiwan, Plus500’s all-in spread may be more predictable and cost-effective, while Libertex’s model can be cheaper for very large positions if you factor in the low raw spread. Always consider your average trade size and frequency when comparing.
| Account Type | Plus500 | Libertex |
|---|---|---|
| Standard account | ✓ | ✓ |
| ECN / Raw spread | ✓ | ✓ |
| Islamic (swap-free) | ✗ | ✗ |
| Demo account | ✓ | ✓ |
| PAMM / MAM account | ✗ | ✗ |
| Zero spread account | ✗ | ✗ |
| Copy trading | ✗ | ✗ |
| Min deposit | $100 | $10 |
| Entity / Asset | Plus500 | Libertex |
|---|---|---|
| Taiwan (offshore) | Up to 1:300 | Up to 1:999 |
| Forex major pairs | 1:300 | 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 | Plus500 | Libertex | Winner |
|---|---|---|---|
| Forex pairs | 90+ | 65+ | Plus500 |
| Gold (XAU/USD) | ✓ | ✓ | Tie |
| Oil (WTI/Brent) | ✓ | ✓ | Tie |
| Stock indices | 25+ indices | 20+ indices | Plus500 |
| Crypto CFDs | 30+ | 20+ | Plus500 |
| Stocks / Share CFDs | 1,000+ | ✗ | Libertex |
| ETFs | ✓ | ✓ | Tie |
| Platform | Plus500 | Libertex |
|---|---|---|
| MetaTrader 4 (MT4) | ✗ | ✗ |
| MetaTrader 5 (MT5) | ✗ | ✗ |
| cTrader | ✗ | ✗ |
| TradingView | ✗ | ✗ |
| Expert Advisors (EAs) | ✗ | ✗ |
| Scalping allowed | ✗ | ✓ |
| Hedging allowed | ✗ | ✓ |
Plus500 offers a proprietary web-based platform that is fast, clean, and optimized for CFD trading. It includes advanced charting tools, risk management features like guaranteed stop-loss, and a mobile app with full functionality. Libertex provides both a web platform and a downloadable desktop application, plus a mobile app. For Taiwan traders who value simplicity and speed, Plus500’s platform is ideal. Libertex’s platform is more feature-rich, with additional order types and a wider range of technical indicators, appealing to experienced traders who need more analytical tools.
| Factor | Plus500 | Libertex | Winner |
|---|---|---|---|
| Execution model | ECN/STP | True ECN | Libertex |
| Avg execution speed | ~30ms | ~40ms | Plus500 |
| Slippage | Very low | Very low | Tie |
| Requotes | Very rare | Very rare | Tie |
| Scalping allowed | ✗ | ✓ | Tie |
| EA / Bot trading | ✗ | ✗ | Tie |
Plus500 is known for its reliable order execution with minimal slippage, thanks to its advanced technology and liquidity providers. Libertex also offers good execution speeds, but its commission-based model can sometimes lead to requotes during volatile markets. For Taiwan traders focusing on forex or indices, Plus500’s execution is generally more consistent, while Libertex is suitable for those who trade less volatile assets like ETFs.
| Safety Factor | Plus500 | Libertex |
|---|---|---|
| Primary regulator | FCA | CySEC |
| Top-tier regulated | ✓ | ✗ |
| Investor protection | ✓ | ✓ |
| Segregated funds | ✓ | ✓ |
| Neg. balance protection | ✓ | ✓ |
Neither Plus500 nor Libertex is regulated by the Financial Supervisory Commission (FSC) of Taiwan. However, Plus500 is regulated by top-tier authorities including the FCA (UK) and CySEC (Cyprus), offering strong investor protection. Libertex is regulated by the CySEC and the FSC of the British Virgin Islands. For Taiwan traders, this means you are trading under international standards. While not FSC-regulated, both brokers adhere to strict capital adequacy and client fund segregation rules, which provides a reasonable level of security. Always check the latest regulatory status before depositing.
| Payment Method | Plus500 | Libertex |
|---|---|---|
| Bank Wire Transfer | ✓ | ✓ |
| Visa / Mastercard | ✓ | ✓ |
| Skrill | ✗ | ✓ |
| Neteller | ✗ | ✓ |
| USDT / Crypto | ✓ | ✗ |
| Withdrawal time | 1 to 3 business day | 5 business days |
Taiwan traders can fund their accounts using Bank Transfer and Credit Card with both brokers. Bank Transfers are usually free of charge but can take 1-3 business days to clear. Credit Card deposits are instant and widely accepted, though some card issuers may charge a cash advance fee. Plus500 has a minimum deposit of $100 USD equivalent, while Libertex’s minimum is $50 USD. Withdrawals are processed back to the same method, typically within 1-2 business days for credit cards and 2-5 business days for bank transfers. Both brokers do not charge withdrawal fees, but your bank may impose its own charges. Ensure you use the same name on your trading account and bank account to avoid delays.
| Islamic Account Feature | Plus500 | 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 Plus500 and Libertex offer Islamic (swap-free) accounts for Muslim traders in Taiwan. These accounts comply with Sharia law by eliminating overnight interest or swap fees on positions held past the daily rollover. To open an Islamic account, you must request it during the registration process. Plus500’s Islamic account is available for all instruments, while Libertex also offers it across its asset range. There are no additional costs for using an Islamic account, but note that some brokers may impose a holding period or charge an administration fee after a certain number of days. For Taiwan’s Muslim community, both brokers provide a compliant trading environment.
| Support Feature | Plus500 | Libertex | Winner |
|---|---|---|---|
| Live chat | ✓ | ✓ | Tie |
| Phone support | ✗ | ✗ | Tie |
| Email support | ✓ | ✓ | Tie |
| 24/7 support | ✗ | ✗ | Tie |
| Response time (chat) | <2 minutes | <3 minutes | Plus500 |
Plus500 offers 24/7 customer support via live chat and email, with support available in multiple languages including Chinese. Libertex provides support through live chat, email, and phone, also with Chinese language options. Both are responsive, but Plus500’s live chat is faster for urgent queries. Taiwan traders may find the availability of Chinese-speaking support helpful for resolving account issues quickly.
| Mobile Feature | Plus500 | Libertex | Winner |
|---|---|---|---|
| iOS App Store rating | 4.5 stars | 4.3 stars | Plus500 |
| Google Play rating | 4.3 stars | 4.2 stars | Plus500 |
| Biometric login | ✓ | ✓ | Tie |
| Push notifications | ✓ | ✓ | Tie |
| Full charting on mobile | ✓ | ✓ | Tie |
| TradingView mobile | ✗ | ✗ | Tie |
| Resource | Plus500 | Libertex | Winner |
|---|---|---|---|
| Video tutorials | ✗ | 50+ videos | Libertex |
| Webinars (live) | ✗ | ✗ | Tie |
| Economic calendar | ✗ | ✓ | Tie |
| Market analysis | Daily | Basic | Plus500 |
Choose Plus500 if you...
Choose Libertex if you...
For Taiwan traders, the choice between Plus500 and Libertex hinges on your trading style. Plus500 is the better option for active forex and CFD traders who value simplicity, tight spreads, and a clean platform. Libertex appeals to those who want a broader asset selection and are comfortable with a commission-based fee structure. Both brokers support Bank Transfer and Credit Card deposits in TWD, and neither is regulated by the FSC Taiwan, so you trade under international oversight. If you prioritize low costs and speed, go with Plus500. If you need more asset diversity and advanced tools, Libertex is your pick. Always start with a demo account to test the waters before committing real capital.