Written by ForexBrokers.com
In this head to head comparison of Questrade 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 online brokers Questrade and Libertex (Forex Club), it’s essential to consider their history and regulatory credentials. Questrade, founded in 2000, and Libertex, established in 1997, are both not publicly traded nor operating as banks. While both companies share these characteristics, their regulatory standings differ. Questrade boasts two Tier-1 licenses, considered highly trusted, contributing to its reputable status with a Trust Score of 86, placing it in the trusted category according to ForexBrokers.com.
In contrast, Libertex (Forex Club) holds one Tier-1 license and has a Trust Score of 73, indicating an average risk level. Although neither broker is rated as highly trusted, Questrade edges ahead with a stronger regulatory framework, offering traders additional peace of mind. Whether you prioritize trust scores or the longevity of a broker's operation, these insights can guide your decision-making when selecting between Questrade and Libertex for your trading needs.
| Feature |
Questrade
|
Libertex (Forex Club)
|
|---|---|---|
| Year Founded | 2000 | 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 | 0 | 0 |
When comparing the commissions and fees of Questrade to Libertex (Forex Club), both brokers receive a similar rating of 3 out of 5 stars. However, they differ in their rankings. Questrade is positioned at #57, while Libertex holds the #61 spot out of 62 brokers according to ForexBrokers.com.
Questrade is known for its target spreads on major currency pairs like the EUR/USD, with spreads at 1.9 pips. This rate is higher than the industry average, suggesting that trading with Questrade might be pricier for those looking to trade frequently or at low costs.
On the other hand, Libertex (Forex Club) does not provide detailed average spread data, which can make it challenging to gauge the exact costs involved for traders. Both brokers have room for improvement in the commissions and fees department, as reflected in their similar star ratings and rankings.
| Feature |
Questrade
|
Libertex (Forex Club)
|
|---|---|---|
| Minimum Deposit | $250 | $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) | No | Yes |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | No |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Questrade and Libertex (Forex Club) both provide opportunities for forex trading, supporting both CFDs and spot contracts. However, there is a distinct difference in the breadth of their offerings. Questrade boasts an extensive selection of 641 tradeable symbols, significantly more than Libertex's 300. When it comes to forex pairs, Questrade offers 110 options, greatly surpassing Libertex’s 51. Questrade also allows clients to invest in stocks listed on U.S. and international exchanges, providing access to popular names like Apple and Vodafone. In contrast, Libertex does not offer this capability but instead provides copy trading, which Questrade does not.
Both brokers grant the ability to trade cryptocurrency derivatives, though neither allows the purchase of actual cryptocurrencies. Based on their range of investments, Questrade has achieved a higher rating, securing 5 stars and ranking 11th out of 62 brokers, according to ForexBrokers.com. Libertex, with a 3.5-star rating and ranked at 53rd, offers a narrower range in comparison. Potential investors should consider these differences to align their trading needs with the most suitable platform.
| Feature |
Questrade
|
Libertex (Forex Club)
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 641 | 300 |
| Forex Pairs (Total) | 110 | 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) | 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). |
Dive deeper: Best Copy Trading Platforms.
Questrade and Libertex (Forex Club) both offer a variety of platforms and tools for traders looking for customizable options. Each broker provides a proprietary platform and a Windows-based desktop download, as well as a web-based interface for convenient access from any browser. Both platforms also support simulated trading with free virtual demo accounts, making them user-friendly choices for new traders. However, Questrade doesn't support MetaTrader 4 or 5, whereas Libertex offers MT4 support. Additionally, Questrade provides access to DupliTrade for streamlined trading but does not offer copy trading, a feature available with Libertex.
When it comes to charting tools, Libertex has an edge with 30 drawing tools compared to Questrade's 20. Both brokers allow trading directly from stock charts, facilitating a more efficient trading experience. On the watch list front, Questrade offers a significantly more extensive setup with 52 columns available compared to Libertex's 7. Ranked by ForexBrokers.com, Questrade holds the 34th position among 62 brokers for its trading platforms and tools, while Libertex is ranked at 50. Despite these differences, both brokers have earned a commendable 4-star rating in this category, showing that they both have strong offerings in terms of trading technology.
| Feature |
Questrade
|
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 | Yes | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 64 | 15 |
| Charting - Drawing Tools (Total) | 20 | 30 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 52 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of Questrade and Libertex (Forex Club), both options cater to iPhone and Android users, ensuring accessibility for a wide range of traders. Each app allows users to receive stock or forex price alerts and sync watchlists with their online accounts for seamless updates across platforms. For more technical traders, Questrade provides an edge with 64 technical studies available for charting, compared to Libertex's 30 studies. Both apps allow drawing trendlines and viewing charts in multiple time frames, but only Questrade's app automatically saves chart drawings.
Both platforms offer watchlist creation with real-time quotes, enhancing user experience. While both apps are rated four out of five stars, they differ in ranking among their peers; Questrade is ranked 34th out of 62 brokers on ForexBrokers.com for mobile trading apps, whereas Libertex is at the 48th position. These features and ratings reflect both platforms' strengths and areas for growth, making them viable choices for traders seeking mobile solutions.
| Feature |
Questrade
|
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 | 64 | 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 comparing Questrade and Libertex (Forex Club) for their market research offerings, a few key differences emerge. Questrade provides access to technical and fundamental research tools from both Autochartist and Trading Central, offering users a robust toolset for strategic planning. Additionally, Questrade features market research insights from TipRanks and an economic calendar to keep traders informed of global events. In contrast, Libertex does not offer tools from Autochartist, Trading Central, or TipRanks, but does provide forex news from top-tier sources like Bloomberg and Reuters, helping traders stay updated with the latest market movements. Both platforms lack daily market commentary and sentiment-based trading tools.
In terms of rankings and ratings, Questrade edges ahead of Libertex. According to ForexBrokers.com, Questrade is ranked at #51, slightly better than Libertex's #60 position among 62 brokers. Questrade receives a rating of 3.5 stars for research, while Libertex is rated at 3 stars, indicating a marginally more comprehensive offering from Questrade in this category. Ultimately, the choice between the two may come down to individual preferences for research tools and the importance of access to top-tier news sources.
| Feature |
Questrade
|
Libertex (Forex Club)
|
|---|---|---|
| Daily Market Commentary | No | No |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | No | No |
| TipRanks | Yes | 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, Questrade and Libertex (Forex Club) both offer a solid starting point for those interested in forex and CFDs. Each platform provides a wealth of educational pieces, including articles and videos, with a focus on forex and CFDs. However, Questrade stands out with its archive of recorded client webinars, offering additional learning opportunities at your convenience. On the flip side, Libertex focuses more on providing advanced educational videos, making it a better fit for experienced traders looking to expand their knowledge beyond the basics.
Neither Questrade nor Libertex hosts monthly live educational webinars, but Questrade comes ahead in beginner education with a notable collection of beginner-friendly videos, setting a stronger foundation for new traders. Both platforms fall short in offering an investor dictionary for clarification on investing terms, but Questrade edges out with a 3.5-star rating and a higher ranking by ForexBrokers.com for education. This suggests Questrade might be more suitable for those just starting, while Libertex is better geared towards traders with some experience seeking to broaden their skills with advanced content.
| Feature |
Questrade
|
Libertex (Forex Club)
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | Yes | 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 Questrade is better than Libertex (Forex Club). Questrade finished with an overall rank of #32, while Libertex (Forex Club) finished with an overall rank of #60.
Regulated in both the U.S. and Canada, Questrade is a trusted full-service multi-asset broker now offering forex and CFDs alongside its stock trading services for active and passive investors. While its scope of educational resources and in-house research is limited, Questrade has an impressive platform lineup.
| Feature |
Questrade
|
Libertex (Forex Club)
|
|---|---|---|
| Overall Rating |
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| Trust Score | 86 | 73 |
| Range of Investments |
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| Commissions & Fees |
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Both Questrade and Libertex (Forex Club) do not provide the option to purchase actual cryptocurrencies, but they each offer the ability to trade cryptocurrency derivatives.
In comparing online brokers Questrade and Libertex (Forex Club), Questrade supports Visa, Mastercard, and bank wires for deposits and withdrawals but does not offer ACH, SEPA, PayPal, or Skrill options, whereas Libertex provides ACH, SEPA, PayPal, Skrill, and bank wire services but does not support Visa or Mastercard transactions.
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 | Questrade | Libertex (Forex Club) | |
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| Trust Score | 86 | 73 | |
| Winner | check_circle | ||
| Review | Questrade Review |
| Broker Screenshots | Questrade | Libertex (Forex Club) | |
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| Regulation | Questrade | Libertex (Forex Club) | |
|---|---|---|---|
| Trust Score | 86 | 73 | |
| Year Founded | 2000 | 1997 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 0 |
| Tier-1 Licenses (Highly Trusted) | Questrade | Libertex (Forex Club) | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | No | |
| Canada (CIRO Authorised) | Yes | 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). | No | Yes |
| Tier-2 Licenses (Trusted) | Questrade | 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 | Questrade | Libertex (Forex Club) | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 641 | 300 | |
| Forex Pairs (Total) | 110 | 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) | 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). |
| Cost | Questrade | 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 | Yes | No | |
| Execution: Market Maker | No | Yes |
| Funding | Questrade | Libertex (Forex Club) | |
|---|---|---|---|
| Minimum Deposit | $250 | $10 | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | No | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | Yes |
| Trading Platforms | Questrade | 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 | Yes | No | |
| ZuluTrade | No | No |
| Trading Tools | Questrade | Libertex (Forex Club) | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 52 | 7 | |
| Charting - Indicators / Studies (Total) | 64 | 15 | |
| Charting - Drawing Tools (Total) | 20 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Questrade | 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 | 64 | 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 | Questrade | Libertex (Forex Club) | |
|---|---|---|---|
| Daily Market Commentary | No | No | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | Yes | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | Questrade | Libertex (Forex Club) | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | No | Yes | |
| Investor Dictionary (Glossary) | No | No |
| Major Forex Pairs | Questrade | 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 | Questrade Review |
| Overall | Questrade | Libertex (Forex Club) | |
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| Trust Score | 86 | 73 | |
| Winner | check_circle | ||
| Review | Questrade Review |
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