Written by ForexBrokers.com
In this head to head comparison of IC Markets vs Libertex (Forex Club), we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
IC Markets, established in 2007, and Libertex (Forex Club), founded in 1997, are both online brokers that operate without being publicly traded or functioning as banks. When it comes to regulatory credentials, IC Markets holds a superior position with two Tier-1 licenses, which are highly trusted according to ForexBrokers.com. In comparison, Libertex (Forex Club) has one Tier-1 license. Neither broker holds any Tier-2 licenses.
Focusing on trust ratings, IC Markets earns an 84 out of 99 on the ForexBrokers.com Trust Score, categorizing them as a trusted broker. Meanwhile, Libertex (Forex Club) receives a score of 73, placing them at an average risk level. These scores and licenses offer potential traders valuable insight into the regulatory framework and trustworthiness of both brokers.
| Feature |
IC Markets
|
Libertex (Forex Club)
|
|---|---|---|
| Year Founded | 2007 | 1997 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 3 | 0 |
When comparing IC Markets and Libertex (Forex Club) regarding commissions and fees, IC Markets clearly leads the way with its low-cost structure. IC Markets offers three account types: the commission-free Standard account, and the commission-based Raw Spread and cTrader Raw Spread accounts. The cTrader account offers slightly lower commission rates compared to the MetaTrader accounts, with costs of $6.00 per round turn versus $7.00, respectively. With average spreads as low as 0.02 pips for the EUR/USD, IC Markets delivers competitive pricing, earning it a 5-star rating in Commissions and Fees and ranking it fifth out of 62 brokers according to ForexBrokers.com.
On the other hand, Libertex (Forex Club) does not provide average spread data, which might limit transparency for potential customers. It carries a 3-star rating in the Commissions and Fees category and ranks 61st out of 62 brokers, indicating that its costs may not be as competitive as those offered by its peers like IC Markets. These factors may make IC Markets a more appealing choice for those prioritizing lower costs in their trading experience.
| Feature |
IC Markets
|
Libertex (Forex Club)
|
|---|---|---|
| Minimum Deposit | $200 | $10 |
| Average Spread EUR/USD - Standard | 0.62 | N/A |
| All-in Cost EUR/USD - Active | 0.62 | N/A |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | No | Yes |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | No |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing IC Markets and Libertex (Forex Club) for their range of available investments, both platforms provide forex trading as CFDs or spot contracts. IC Markets boasts a wider array of tradeable symbols, offering a substantial 3,583 options compared to Libertex's 300. In terms of forex pairs, IC Markets also takes the lead with 61 pairs, surpassing Libertex’s offering of 51 pairs. Neither broker provides exchange-traded securities on U.S. exchanges, but IC Markets offers international options, allowing clients to invest in companies like Vodafone on the London Stock Exchange, a feature lacking in Libertex’s portfolio.
Both brokers facilitate copy trading and allow trading in cryptocurrency derivatives, yet neither permits the purchase of actual cryptocurrencies. With regard to their services' ratings, IC Markets earns a commendable 4.5-star rating for its range of investments, ranked 25th out of 62 brokers by ForexBrokers.com. In contrast, Libertex (Forex Club) holds a 3.5-star rating and ranks 53rd in the same category. This illustrates a broader and more diversified investment availability in IC Markets, which might appeal to traders looking for more extensive options.
| Feature |
IC Markets
|
Libertex (Forex Club)
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 3583 | 300 |
| Forex Pairs (Total) | 61 | 51 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | Yes | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
When comparing the trading platforms and tools of IC Markets and Libertex (Forex Club), both brokers offer a range of features to enhance the trading experience. IC Markets provides popular platforms such as MetaTrader 4 and MetaTrader 5, in addition to supporting Windows-based desktop downloads and web-based platforms. They also enable copy trading and offer ZuluTrade integration, while their charting tools feature 15 drawing tools. Libertex, in contrast, offers its own proprietary platform alongside MetaTrader 4, and also supports Windows and web-based platforms. Although they don't support ZuluTrade, they provide more drawing tools with a total of 30. Both brokers facilitate trading directly from stock charts and provide equal watch list capabilities with seven columns.
Both IC Markets and Libertex offer free virtual demo accounts, allowing traders to practice in simulated environments. Despite both being rated four stars for their trading platforms and tools, their rankings by ForexBrokers.com show a notable difference: IC Markets ranks #17, while Libertex is at #50 out of 62 brokers. This ranking highlights differences in user satisfaction and platform efficiency, making IC Markets a potentially more recognized choice among traders prioritizing advanced tools and platforms. However, Libertex's availability of a proprietary platform may appeal to those interested in unique, tailored experiences.
| Feature |
IC Markets
|
Libertex (Forex Club)
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | No | No |
| ZuluTrade | Yes | No |
| Charting - Indicators / Studies (Total) | 30 | 15 |
| Charting - Drawing Tools (Total) | 15 | 30 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both IC Markets and Libertex (Forex Club) offer feature-rich mobile trading apps for iPhone and Android users, catering to the needs of stock and forex traders. Customers using either app can get timely stock or forex price alerts and enjoy the convenience of creating watchlists with real-time quotes. Both platforms offer 30 technical studies for charting, allowing traders to draw trendlines and explore various time frames, such as daily, weekly, or intraday charts. Notably, IC Markets stands out by auto-saving chart drawings, a feature not present in the Libertex app. However, Libertex provides the advantage of watchlist symbol syncing, ensuring your favorite stocks and forex pairs remain consistent across devices.
When evaluating user ratings and competitive rankings, both platforms receive a rating of four stars for their mobile trading apps. However, on ForexBrokers.com, IC Markets holds a higher position at #22, compared to Libertex's #48 ranking out of 62 brokers. This ranking suggests that while both brokers deliver a solid mobile trading experience, IC Markets might have a slight edge in functionality or user satisfaction within the mobile app market. In summary, your choice of app may depend on specific preferences like chart drawing capabilities or watchlist syncing.
| Feature |
IC Markets
|
Libertex (Forex Club)
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When it comes to market research offerings, IC Markets stands out with a comprehensive range of tools and resources that cater to traders seeking detailed insights. The platform provides daily market commentary and forex news from leading sources like Bloomberg and Reuters, making it a reliable choice for those who prioritize keeping up with the latest market developments. Additionally, IC Markets integrates technical analysis tools from Autochartist and Trading Central, along with a sentiment-based trading tool that helps traders understand market trends. A handy economic calendar is also available, displaying vital global news events. These features contribute to IC Markets receiving a solid 4-star research rating and ranking 22nd among 62 brokers according to ForexBrokers.com.
Conversely, Libertex (Forex Club) offers a more limited suite of research tools for its users. While it provides forex news from top-tier sources and an economic calendar similar to IC Markets, it lacks daily market commentary and technical analysis tools from Autochartist and Trading Central. The absence of a sentiment-based trading tool further narrows its research capabilities. As a result, Libertex has a 3-star research rating and ranks 60th out of 62 brokers. This comparison highlights the broader research resources available at IC Markets, making it a more suitable option for traders who prioritize in-depth market analysis.
| Feature |
IC Markets
|
Libertex (Forex Club)
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When considering the educational resources for beginners, IC Markets stands out compared to Libertex (Forex Club). Both platforms provide a solid foundation with over ten articles, videos, and archived webinars focused on forex and CFDs. However, IC Markets goes a step further by offering monthly online educational webinars and a searchable archive of previously recorded sessions, catering to traders who prefer live and interactive learning experiences.
For video content, IC Markets provides a comprehensive suite with at least ten beginner-oriented videos and an equal number for advanced traders, enhancing the learning path as traders progress. Libertex does offer advanced educational videos but lacks the same level of beginner-focused content. Additionally, IC Markets supports users with an extensive investor dictionary of over 50 terms, which is absent from Libertex's offerings. Overall, IC Markets garners a higher education rating of 4 stars and ranks 16th among 62 brokers, while Libertex trails behind with a 3-star rating and a 57th place ranking.
| Feature |
IC Markets
|
Libertex (Forex Club)
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | Yes |
| Investor Dictionary (Glossary) | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that IC Markets is better than Libertex (Forex Club). IC Markets finished with an overall rank of #20, while Libertex (Forex Club) finished with an overall rank of #60.
IC Markets’ competitive pricing and scalable execution make it an excellent option for algorithmic traders. Though it supports an impressive range of third-party tools and plugins, IC Markets’ research and education offerings are not as impressive as those offered by industry leaders.
| Feature |
IC Markets
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Libertex (Forex Club)
|
|---|---|---|
| Overall Rating |
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| Trust Score | 84 | 73 |
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Both IC Markets and Libertex (Forex Club) do not provide the option to purchase actual delivered cryptocurrencies, but they do offer the ability to trade cryptocurrency derivatives.
When comparing online brokers IC Markets and Libertex (Forex Club), IC Markets supports PayPal, Skrill, Visa/Mastercard, and bank wires but lacks ACH or SEPA transfers, while Libertex (Forex Club) offers ACH, SEPA, PayPal, Skrill, and bank wires but not Visa or Mastercard options for depositing or withdrawing funds.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
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0 of 5| Overall Rating | IC Markets | Libertex (Forex Club) | |
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| Trust Score | 84 | 73 | |
| Winner | check_circle | ||
| Review | IC Markets Review |
| Broker Screenshots | IC Markets | Libertex (Forex Club) | |
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| Regulation | IC Markets | Libertex (Forex Club) | |
|---|---|---|---|
| Trust Score | 84 | 73 | |
| Year Founded | 2007 | 1997 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 3 | 0 |
| Tier-1 Licenses (Highly Trusted) | IC Markets | Libertex (Forex Club) | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | No | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | IC Markets | Libertex (Forex Club) | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | IC Markets | Libertex (Forex Club) | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 3583 | 300 | |
| Forex Pairs (Total) | 61 | 51 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | Yes | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | IC Markets | Libertex (Forex Club) | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.62 | N/A | |
| All-in Cost EUR/USD - Active | 0.62 | N/A | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | IC Markets | Libertex (Forex Club) | |
|---|---|---|---|
| Minimum Deposit | $200 | $10 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | No | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | Yes |
| Trading Platforms | IC Markets | Libertex (Forex Club) | |
|---|---|---|---|
| Proprietary Platform | No | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | Yes | No | |
| DupliTrade | No | No | |
| ZuluTrade | Yes | No |
| Trading Tools | IC Markets | Libertex (Forex Club) | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 30 | 15 | |
| Charting - Drawing Tools (Total) | 15 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | IC Markets | Libertex (Forex Club) | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | Yes | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | IC Markets | Libertex (Forex Club) | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | IC Markets | Libertex (Forex Club) | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | Yes | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | IC Markets | Libertex (Forex Club) | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | IC Markets Review |
| Overall | IC Markets | Libertex (Forex Club) | |
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| Trust Score | 84 | 73 | |
| Winner | check_circle | ||
| Review | IC Markets Review |
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