Written by ForexBrokers.com
In this head to head comparison of Interactive Brokers 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.
When comparing Interactive Brokers and Libertex (Forex Club) in terms of regulatory strength and trust ratings, notable differences emerge. Founded in 1977, Interactive Brokers is publicly traded and holds a ForexBrokers.com Trust Score of 99 out of 99, reflecting its high level of trust. This is bolstered by its possession of 9 Tier-1 licenses and 2 Tier-2 licenses. These licenses underscore Interactive Brokers' strong regulatory standing, which is critical for clients looking for a secure trading environment.
In contrast, Libertex (Forex Club), established in 1997 and not listed on a stock exchange, has a ForexBrokers.com Trust Score of 73, indicating an average risk. It holds just 1 Tier-1 license and lacks Tier-2 licenses, which highlights a significant difference in their regulatory credentials compared to Interactive Brokers. Both companies are not banks, but clients looking for highly trusted regulatory oversight might prefer Interactive Brokers due to its extensive licensing and higher trust score.
| Feature |
Interactive Brokers
|
Libertex (Forex Club)
|
|---|---|---|
| Year Founded | 1977 | 1997 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 9 | 1 |
| Tier-2 Licenses | 2 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 0 |
When comparing Interactive Brokers and Libertex (Forex Club) in terms of commissions and fees, Interactive Brokers stands out with competitive pricing, particularly in the forex trading market. Although it doesn't publish average forex spreads, data from Q3 2024 indicates an average spread for EUR/USD of 0.19 pips, resulting in an all-in spread of 0.59 pips when including commissions. Forex commissions at Interactive Brokers start at 0.00002 (0.2 basis points) of the U.S. dollar trade value, with a minimum of $2 per trade. This can decrease to 0.08 basis points for very active traders. Interactive Brokers is rated 5 out of 5 stars for commissions and fees and ranks as the second best out of 62 brokers in this category.
In contrast, Libertex (Forex Club) does not provide average spread data, making direct comparisons more challenging. Overall, its commissions and fee structure are less transparent and likely less competitive than Interactive Brokers. Libertex earned a 3-star rating out of 5 in the commissions and fees category and is ranked at 61 out of 62 brokers by ForexBrokers.com. This significant gap reflects the sharp differences in pricing strategies and transparency between the two brokers.
Overall, active traders might find Interactive Brokers more advantageous due to its discounts for high-volume trading and the choice of handling substantial orders via a Request For Quote basis, which can help minimize market impact. While both brokers have varying pricing models and rankings, those prioritizing low trading costs and more comprehensive data on fees might lean towards Interactive Brokers.
| Feature |
Interactive Brokers
|
Libertex (Forex Club)
|
|---|---|---|
| Minimum Deposit | $0 | $10 |
| Average Spread EUR/USD - Standard | 0.59 | N/A |
| All-in Cost EUR/USD - Active | 0.59 | N/A |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | Yes | Yes |
| PayPal (Deposit/Withdraw) | No | Yes |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | No | No |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Interactive Brokers and Libertex (Forex Club) both provide forex trading as CFDs or spot contracts, but Interactive Brokers stands out with a highly diverse range of 8,500 tradeable symbols and 90 forex pairs. In contrast, Libertex offers 300 tradeable symbols and 51 forex pairs. Interactive Brokers goes further by allowing clients to invest in U.S. and international exchange-traded securities, such as Apple shares on NASDAQ or Vodafone shares on the London Stock Exchange, which is something Libertex does not provide. Additionally, Interactive Brokers permits clients to buy both actual cryptocurrencies and cryptocurrency derivatives, whereas Libertex offers only the latter.
Libertex does have an edge with its copy trading feature, appealing to those who prefer a more hands-off investment strategy. However, Interactive Brokers is widely recognized for the breadth of its offerings, earning a 5-star rating for Range of Investments and ranking first among 62 brokers in this category by ForexBrokers.com. On the other hand, Libertex holds a solid 3.5-star rating but is ranked 53rd in the same category, highlighting the considerable contrast in investment opportunities between the two platforms.
| Feature |
Interactive Brokers
|
Libertex (Forex Club)
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 8500 | 300 |
| Forex Pairs (Total) | 90 | 51 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | No | Yes |
| Cryptocurrency (Physical) | Yes | 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.
Interactive Brokers and Libertex (Forex Club) both provide users with simulated trading options, offering free virtual demo accounts for practice. Each broker offers their own proprietary platform, along with Windows-based and web-based platforms for flexible accessibility. Despite these similarities, their offerings diverge when it comes to specific features. Interactive Brokers does not support copy trading or MetaTrader, while Libertex offers copy trading and compatibility with MetaTrader 4, distinguishing itself with additional tools for forex enthusiasts. When it comes to charting, Interactive Brokers provides 85 drawing tools compared to Libertex’s 30, allowing for more detailed analysis. Interactive Brokers also excels in watch list customization with 659 columns, far surpassing Libertex's 7 fields.
Interactive Brokers is highly rated, achieving 5 stars for its trading platforms and tools, and is ranked 3rd out of 62 brokers on ForexBrokers.com, demonstrating its reputation for high-quality service. On the other hand, Libertex is rated 4 stars and ranked 50th, which suggests that while it offers a solid trading experience, it doesn’t quite match the comprehensive tools and customization available with Interactive Brokers. Traders seeking advanced functionalities and in-depth market analysis may find Interactive Brokers to be a more fitting choice, while those focused on forex trading and who value MT4 compatibility might lean towards Libertex.
| Feature |
Interactive Brokers
|
Libertex (Forex Club)
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | 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) | 155 | 15 |
| Charting - Drawing Tools (Total) | 85 | 30 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 659 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Interactive Brokers and Libertex (Forex Club) both provide mobile apps for iPhone and Android users. Each app offers a range of features for forex and stock trading, including price alerts and the ability to create watchlists with real-time quotes. Watchlist syncing between the mobile app and the online account is available for both brokers, ensuring any changes made are reflected across platforms. While both apps allow users to draw trendlines on charts and view charts in different timeframes, neither app has auto-save capabilities for drawings. However, Interactive Brokers stands out with 97 technical studies available for charting, compared to just 30 offered by Libertex.
When it comes to ratings, Interactive Brokers shines with a 5-star rating for their mobile trading app, ranking #4 out of 62 brokers on ForexBrokers.com. In contrast, Libertex's app receives a 4-star rating and ranks #48 in the same category. These distinctions highlight Interactive Brokers as a top choice for users seeking a highly rated and feature-rich mobile trading experience.
| Feature |
Interactive Brokers
|
Libertex (Forex Club)
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 97 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing the market research offerings of Interactive Brokers and Libertex (Forex Club), Interactive Brokers takes the lead with a wide array of resources accessible to investors. Interactive Brokers provides daily market commentary and forex news from top-tier sources, ensuring that users have access to the latest developments in financial markets. They also offer a sentiment-based trading tool to gauge market positions, as well as access to market research from industry leaders like TipRanks and Acuity Trading. Moreover, Interactive Brokers includes technical analysis through Trading Central and an extensive economic calendar, contributing to their impressive research rating of 5 stars and a ranking of 3rd out of 62 brokers by ForexBrokers.com.
In contrast, Libertex falls short in several areas. While it does offer forex news from top-tier sources and includes an economic calendar, it lacks in-depth tools like Trading Central analytics and sentiment-based trading indicators that Interactive Brokers users enjoy. Additionally, Libertex does not provide market research from TipRanks or Acuity Trading, which limits the research depth for investors. With a research rating of 3 stars and a rank of 60th out of 62 brokers from ForexBrokers.com, Libertex would be more suited for those who prefer simpler research tools compared to the comprehensive offerings of Interactive Brokers.
| Feature |
Interactive Brokers
|
Libertex (Forex Club)
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | Yes | No |
| Signal Centre (Acuity Trading) | Yes | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing educational resources for beginners, Interactive Brokers and Libertex (Forex Club) both offer valuable tools, but there are notable differences. Interactive Brokers provides a comprehensive set of educational materials for forex or CFDs enthusiasts, including an abundant selection of articles, videos, and archived webinars. Furthermore, it hosts online educational webinars monthly and maintains an easily accessible archive for these recordings. This is particularly advantageous for beginners wishing to revisit and reinforce their learning. Additionally, Interactive Brokers offers over 10 beginner-level videos that focus on essential trading topics, complementing their wide range of advanced educational content which experienced traders will find beneficial. Users can also take advantage of the investor dictionary, containing definitions of over 50 investing terms, which aids in understanding complex financial jargon.
In contrast, Libertex (Forex Club) also delivers forex and CFDs education through articles and videos, but does not offer regular webinars or an archived collection of past webinars. While it does provide a series of advanced trading videos, the range of beginner-specific content is more limited compared to Interactive Brokers. Moreover, Libertex lacks an investor dictionary to support newcomers in grasping important investing concepts. Rated 5 stars for education, Interactive Brokers ranks third out of 62 brokers, reflecting its strong commitment to educating its users. Meanwhile, Libertex holds a 3-star rating and ranks 57th, highlighting room for growth in its educational offerings for beginner traders.
| Feature |
Interactive Brokers
|
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 Interactive Brokers is better than Libertex (Forex Club). Interactive Brokers finished with an overall rank of #2, while Libertex (Forex Club) finished with an overall rank of #60.
Interactive Brokers is a highly trusted multi-asset broker with an extensive offering of tradeable global markets. It delivers competitive fees and high-quality research and education, as well as a modern, institutional-grade trading platform suite.
| Feature |
Interactive Brokers
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Libertex (Forex Club)
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|---|---|---|
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| Trust Score | 99 | 73 |
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Interactive Brokers allows users to purchase actual delivered cryptocurrency and cryptocurrency derivatives, while Libertex (Forex Club) only offers the option to buy cryptocurrency derivatives.
When comparing Interactive Brokers and Libertex (Forex Club) in terms of fund transfer options, both platforms support ACH and SEPA transfers as well as bank wires; however, only Libertex offers the convenience of PayPal and Skrill for transactions, with neither broker accepting Visa or Mastercard for deposits or withdrawals.
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 | Interactive Brokers | Libertex (Forex Club) | |
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| Trust Score | 99 | 73 | |
| Winner | check_circle | ||
| Review | Interactive Brokers Review |
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| Regulation | Interactive Brokers | Libertex (Forex Club) | |
|---|---|---|---|
| Trust Score | 99 | 73 | |
| Year Founded | 1977 | 1997 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 9 | 1 | |
| Tier-2 Licenses | 2 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 0 |
| Tier-1 Licenses (Highly Trusted) | Interactive Brokers | Libertex (Forex Club) | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | Yes | No | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | Yes | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | Yes | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | Interactive Brokers | Libertex (Forex Club) | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | Yes | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Interactive Brokers | Libertex (Forex Club) | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 8500 | 300 | |
| Forex Pairs (Total) | 90 | 51 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | No | Yes | |
| Cryptocurrency (Physical) | Yes | 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 | Interactive Brokers | Libertex (Forex Club) | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.59 | N/A | |
| All-in Cost EUR/USD - Active | 0.59 | N/A | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | No | Yes |
| Funding | Interactive Brokers | Libertex (Forex Club) | |
|---|---|---|---|
| Minimum Deposit | $0 | $10 | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | No | No | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | Yes |
| Trading Platforms | Interactive Brokers | Libertex (Forex Club) | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | 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 | Interactive Brokers | Libertex (Forex Club) | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 659 | 7 | |
| Charting - Indicators / Studies (Total) | 155 | 15 | |
| Charting - Drawing Tools (Total) | 85 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Interactive Brokers | Libertex (Forex Club) | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | Yes | |
| Mobile Charting - Indicators / Studies | 97 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Interactive Brokers | Libertex (Forex Club) | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | Yes | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Interactive Brokers | 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 | Interactive Brokers | 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 | Interactive Brokers Review |
| Overall | Interactive Brokers | Libertex (Forex Club) | |
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| Trust Score | 99 | 73 | |
| Winner | check_circle | ||
| Review | Interactive Brokers Review |
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