Written by ForexBrokers.com
In this head to head comparison of iFOREX 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.
iFOREX and Libertex (Forex Club) both offer online trading platforms for Forex trading and were established in the late 1990s, with iFOREX launching in 1996 and Libertex in 1997. Neither of these platforms is listed on a stock exchange, nor do they operate as banks. When examining their credibility, both brokers hold one Tier-1 license, indicating a high level of trust according to ForexBrokers.com. However, neither holds a Tier-2 license, which could bolster their trustworthiness even further.
When it comes to Trust Score ratings by ForexBrokers.com, iFOREX scores a 75, suggesting it falls under the "average risk" category. Libertex (Forex Club), on the other hand, has a slightly lower rating of 73, placing it in the same risk bracket. This rating system indicates that while both brokers are viable options, prospective investors should proceed with a balanced understanding of their respective trust scores. Ultimately, these scores suggest that iFOREX may have a slight edge in trustworthiness between the two.
| Feature |
iFOREX
|
Libertex (Forex Club)
|
|---|---|---|
| Year Founded | 1996 | 1997 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 1 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
When comparing iFOREX and Libertex (Forex Club) in terms of commissions and fees, both platforms have similar ratings but different rankings. iFOREX is rated 3 out of 5 stars for its commissions and fees, placing it at #60 out of 62 brokers according to ForexBrokers.com. While specific details about the average spread are not available, users generally find iFOREX's commission structure to be moderate, balancing the cost of trades with the level of service provided.
Similarly, Libertex (Forex Club) also garners a 3-star rating for its commissions and fees. It is ranked slightly below iFOREX at #61 out of 62 brokers on ForexBrokers.com. Although the average spread information is not disclosed, Libertex offers a simple fee model, often appreciated by traders for its transparency. The broker's commission fees are competitive, making it a viable option for those looking to manage costs while trading.
While both iFOREX and Libertex earn the same star rating, iFOREX holds a marginally higher position in the rankings. Traders considering either platform should weigh these aspects along with personal trading preferences and requirements. Both platforms have structured their fees to appeal to a broad audience, which can contribute to a balanced trading experience.
| Feature |
iFOREX
|
Libertex (Forex Club)
|
|---|---|---|
| Minimum Deposit | $100 | $10 |
| Average Spread EUR/USD - Standard | N/A | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | No | 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 the investment options offered by iFOREX and Libertex (Forex Club), both platforms provide forex trading through CFDs or spot contracts. iFOREX stands out with a more extensive selection, offering 750 tradeable symbols including 88 forex pairs, whereas Libertex provides 300 tradeable symbols with 51 forex pairs. Neither broker offers exchange traded securities on U.S. or international exchanges, meaning clients can't purchase shares like Apple or Vodafone directly.
In terms of additional investment services, iFOREX does not support copy trading, while Libertex does. While actual cryptocurrency purchasing is unavailable on both platforms, each allows trading cryptos as derivatives. Despite their differences, both brokers receive a rating of 3.5 stars for range of investments. However, iFOREX ranks higher at #41 compared to Libertex’s #53 in ForexBrokers.com's Range of Investments category.
| Feature |
iFOREX
|
Libertex (Forex Club)
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 750 | 300 |
| Forex Pairs (Total) | 88 | 51 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | No | 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.
iFOREX and Libertex (Forex Club) each offer unique features that cater to different trading needs. iFOREX provides a proprietary web-based platform, allowing traders to operate directly from their browsers. However, it lacks a Windows-based desktop platform, copy trading capabilities, and access to MetaTrader 4 and MetaTrader 5, which may limit some trading preferences. Although iFOREX doesn't provide a simulated trading environment, it does offer a decent selection of tools with 25 drawing tools and 9 columns for watch lists. The ability to trade directly from stock charts is an added convenience for users.
On the other hand, Libertex adds flexibility with its proprietary platform that's also available as a Windows desktop download, enhancing accessibility for traders who prefer this format. Furthermore, Libertex offers a virtual demo account for simulated trading, appeals to copy traders, and supports MetaTrader 4, a popular choice among Forex traders. It offers an array of tools, including 30 drawing tools for charting and allows direct trading from stock charts, though it has fewer columns for watch lists with only 7. Both platforms are rated four stars for their trading platforms and tools category, with Libertex ranked slightly higher at #50 compared to iFOREX's rank of #54, according to ForexBrokers.com.
| Feature |
iFOREX
|
Libertex (Forex Club)
|
|---|---|---|
| Virtual Trading (Demo) | No | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | No | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 57 | 15 |
| Charting - Drawing Tools (Total) | 25 | 30 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 9 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both iFOREX and Libertex offer mobile trading apps for iPhone and Android users, providing convenience for on-the-go trading. However, when it comes to features, Libertex stands out with several advantages. While both platforms are rated four out of five stars for their mobile trading apps, Libertex provides functionalities like stock or forex price alerts, watchlist syncing across devices, and the ability to create real-time quote watchlists in its app, which iFOREX does not offer.
Charting capabilities also differ significantly between the two. Libertex allows users to choose from 30 technical studies, draw trendlines, and view multiple time frames on its charts, enhancing the analysis experience. iFOREX lacks these charting features in its app. Despite the similarities in their ratings, these additional features contribute to Libertex being ranked higher by ForexBrokers.com at #48, compared to iFOREX's #55, demonstrating Libertex's edge in feature-rich offerings within their mobile trading apps.
| Feature |
iFOREX
|
Libertex (Forex Club)
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | No | Yes |
| Watchlist Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | N/A | 30 |
| Mobile Charting - Draw Trendlines | No | Yes |
| Mobile Charting - Multiple Time Frames | No | Yes |
| Mobile Charting - Drawings Autosave | No | No |
| Mobile Watchlist | No | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing market research offerings between iFOREX and Libertex (Forex Club), potential traders will find notable differences. iFOREX provides daily market commentary and integrates Trading Central tools like Technical Analytics, which supports in-depth market understanding. Additionally, it offers a sentiment-based trading tool that reveals long or short position ratios across currency pairs, helpful for gauging market sentiment. Although lacking forex news updates from top-tier sources like Bloomberg or Reuters, iFOREX compensates with an economic calendar for global events, earning it a 3.5-star rating in research, ranking 48th among 62 brokers reviewed by ForexBrokers.com.
In contrast, Libertex (Forex Club) does not provide daily market commentary or advanced tools from Trading Central or Autochartist. However, it delivers forex news from high-profile sources such as Bloomberg and Reuters, which is crucial for news-driven traders. Like iFOREX, Libertex offers an economic calendar, aiding awareness of essential global financial news. Despite these offerings, Libertex has a slightly lower research rating, with three stars, placing it 60th out of 62 brokers according to ForexBrokers.com rankings. These insights allow traders to weigh the strengths of iFOREX’s research tools against Libertex’s access to top-tier financial news sources.
| Feature |
iFOREX
|
Libertex (Forex Club)
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | No | 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 it comes to educational resources for beginners, iFOREX and Libertex (Forex Club) both offer unique features and limitations. iFOREX excels in providing more than 10 beginner educational videos that cover essential trading topics, making it a great choice for those new to forex and CFDs. However, it falls short in offering a comprehensive range of over 10 educational pieces such as articles or archived webinars. In comparison, Libertex does provide a collection of over 10 educational materials focusing on forex and CFDs that caters to broad learning needs but lacks beginner-focused video content. Neither platform provides regular online webinars or a searchable archive of past webinars, which may limit opportunities for those who prefer interactive learning experiences. Both brokers also do not offer investor dictionaries for beginners to understand key investing terms.
Overall, iFOREX is rated slightly higher than Libertex for its educational offerings, receiving 3.5 out of 5 stars compared to Libertex's 3 stars. When ranked among 62 brokers for educational resources, iFOREX lands at #53, while Libertex positions at #57. This suggests that while both have room for improvement, iFOREX offers a better selection of educational videos for beginners, whereas Libertex provides a more extensive array of educational content in general. For beginners prioritizing visual learning, iFOREX may hold an edge, while those seeking a variety of educational materials might find Libertex more suitable.
| Feature |
iFOREX
|
Libertex (Forex Club)
|
|---|---|---|
| Education (Forex or CFDs) | No | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | No | Yes |
| Investor Dictionary (Glossary) | No | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that iFOREX is better than Libertex (Forex Club). iFOREX finished with an overall rank of #52, while Libertex (Forex Club) finished with an overall rank of #60.
iFOREX is operated by a long-standing company, previously known as Vestle, with regulatory status in a growing number of jurisdictions, offering forex and CFDs through its proprietary platform. The biggest drawback is the lack of markets you can trade with fewer than 200, compared to the best multi asset forex and CFD brokers.
| Feature |
iFOREX
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Libertex (Forex Club)
|
|---|---|---|
| Overall Rating |
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| Trust Score | 75 | 73 |
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Both iFOREX and Libertex (Forex Club) do not offer the ability to buy actual (delivered) cryptocurrency, but they do provide the option to purchase cryptocurrency derivatives.
When comparing iFOREX and Libertex (Forex Club), iFOREX offers options like PayPal, Skrill, Visa/Mastercard, and bank wires for deposits and withdrawals but lacks ACH or SEPA transfers, whereas Libertex supports ACH/SEPA transfers, PayPal, Skrill, and bank wires, but not Visa/Mastercard.
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 | iFOREX | Libertex (Forex Club) | |
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| Trust Score | 75 | 73 | |
| Winner | check_circle | ||
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| Broker Screenshots | iFOREX | Libertex (Forex Club) | |
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| Regulation | iFOREX | Libertex (Forex Club) | |
|---|---|---|---|
| Trust Score | 75 | 73 | |
| Year Founded | 1996 | 1997 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 1 | 1 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | iFOREX | Libertex (Forex Club) | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | 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) | Yes | 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) | iFOREX | 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 | iFOREX | Libertex (Forex Club) | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 750 | 300 | |
| Forex Pairs (Total) | 88 | 51 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | No | 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 | iFOREX | Libertex (Forex Club) | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | iFOREX | Libertex (Forex Club) | |
|---|---|---|---|
| Minimum Deposit | $100 | $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 | iFOREX | Libertex (Forex Club) | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | No | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | iFOREX | Libertex (Forex Club) | |
|---|---|---|---|
| Virtual Trading (Demo) | No | Yes | |
| Alerts - Basic Fields | No | Yes | |
| Watchlists - Total Fields | 9 | 7 | |
| Charting - Indicators / Studies (Total) | 57 | 15 | |
| Charting - Drawing Tools (Total) | 25 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | No | Yes |
| Mobile Trading | iFOREX | Libertex (Forex Club) | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | No | Yes | |
| Mobile Watchlist | No | Yes | |
| Watchlist Syncing | No | Yes | |
| Mobile Charting - Indicators / Studies | N/A | 30 | |
| Mobile Charting - Draw Trendlines | No | Yes | |
| Mobile Charting - Multiple Time Frames | No | Yes | |
| Mobile Charting - Drawings Autosave | No | No | |
| Mobile Economic Calendar | No | Yes |
| Research | iFOREX | Libertex (Forex Club) | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | iFOREX | Libertex (Forex Club) | |
|---|---|---|---|
| Education (Forex or CFDs) | No | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | No | Yes | |
| Investor Dictionary (Glossary) | No | No |
| Major Forex Pairs | iFOREX | 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 |
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| Trust Score | 75 | 73 | |
| Winner | check_circle | ||
| Review |
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