Written by ForexBrokers.com
In this head to head comparison of TeleTrade 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.
Founded in 1994, TeleTrade has firmly established its presence in the online brokerage industry. With a Trust Score of 71 from ForexBrokers.com, TeleTrade is categorized as presenting an average risk. It is noteworthy that TeleTrade holds one Tier-1 license, signifying high regard in regulatory compliance for ensuring reliable service. Despite this, the brokerage is neither publicly traded nor a banking institution, highlighting a more traditional business structure.
In comparison, Libertex (Forex Club) was established slightly later, in 1997, and carries a modestly higher Trust Score of 73, also indicating an average risk level per ForexBrokers.com's classification. Similar to TeleTrade, Libertex holds one Tier-1 license, showcasing its commitment to trusted regulatory standards. This broker also shares the characteristic of being neither publicly traded nor a banking institution, providing a comparable operational landscape for users assessing their options in the financial markets.
| Feature |
TeleTrade
|
Libertex (Forex Club)
|
|---|---|---|
| Year Founded | 1994 | 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 | 0 | 0 |
When it comes to choosing an online broker, understanding the commissions and fees is crucial for making an informed decision. TeleTrade stands as a competitive choice with its high rating of 4 out of 5 stars in this category. It is ranked #46 out of 62 brokers by ForexBrokers.com, making it a mid-tier option that may appeal to those looking for reasonable trading costs.
In contrast, Libertex (Forex Club) offers a different pricing experience, earning a rating of 3 out of 5 stars for its commissions and fees. With a ranking of #61 out of 62 brokers, it suggests that while Libertex has its merits, its fee structure might not be as appealing as some of its competitors. Both TeleTrade and Libertex have their own sets of advantages, and understanding these differences can help traders find the right fit for their needs.
| Feature |
TeleTrade
|
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 | Yes | Yes |
| ACH or SEPA Transfers | No | Yes |
| PayPal (Deposit/Withdraw) | No | 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 it comes to the variety of investments offered by TeleTrade and Libertex (Forex Club), both brokers provide numerous options for forex traders. Offering forex trading through CFDs or spot contracts, both platforms accommodate traders interested in currency markets. TeleTrade provides access to 500 tradeable symbols, including 61 forex pairs, while Libertex offers a total of 300 symbols, featuring 51 forex pairs. However, neither platform supports trading in exchange-traded securities on U.S. or international exchanges, making them less suitable for those seeking diversified stock investments.
Both TeleTrade and Libertex enable copy trading, allowing users to leverage the strategies of successful traders. Cryptocurrency enthusiasts can trade derivatives on both platforms, but they won't have the option to purchase actual cryptocurrencies. Rated 3.5 stars for their range of investments, TeleTrade is ranked 45th and Libertex 53rd out of 62 brokers by ForexBrokers.com. This ranking reflects their offerings but indicates room for improvement in investment options and diversity.
| Feature |
TeleTrade
|
Libertex (Forex Club)
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 500 | 300 |
| Forex Pairs (Total) | 61 | 51 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | 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.
TeleTrade and Libertex (Forex Club) both provide a range of trading platforms and tools suitable for various trader needs. Both brokers offer simulated trading through free virtual demo accounts, enabling users to practice strategies risk-free. A distinct advantage for Libertex is its proprietary trading platform, whereas TeleTrade relies on third-party platforms like MetaTrader. Despite this, both brokers offer Windows-based desktop downloads and web-based platforms, ensuring accessibility across devices. Moreover, both support copy trading, although TeleTrade also offers ZuluTrade, giving users more options for automated trades. When it comes to MetaTrader platforms, TeleTrade supports both MT4 and MT5, while Libertex only offers MT4, which might impact traders looking for the latest features found in MT5.
Charting and analytical tools are fairly similar between the two, with both allowing trading directly from stock charts. However, Libertex provides 30 drawing tools compared to TeleTrade's 15, offering more detailed chart analysis for those who need it. When it comes to maintaining organized watch lists, both brokers offer the same number of columns, providing a balanced selection of data fields. In terms of ratings, both are awarded four stars for their trading platforms and tools, but Libertex holds a slightly better rank, placing 50th compared to TeleTrade's 51st among 62 brokers reviewed by ForexBrokers.com. This comparison showcases both brokers as solid choices, with individual strengths that could cater differently to traders' specific preferences and requirements.
| Feature |
TeleTrade
|
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) | 35 | 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.
When exploring the mobile trading apps of TeleTrade and Libertex (Forex Club), both brokers offer applications for iPhone and Android users, supporting seamless access to trading on the go. Both apps allow users to set stock or forex price alerts, offering timely updates on potential market movements. Users can draw trendlines on stock or forex charts and view multiple time frames, enhancing their technical analysis. While both apps allow for the creation of watchlists with real-time quotes, a key difference lies in the syncing of these watchlists. Libertex offers seamless syncing between the mobile app and online accounts, a convenience that TeleTrade currently lacks.
In terms of charting tools, TeleTrade provides a broader range with 35 technical studies compared to Libertex's 30. Additionally, TeleTrade stands out by automatically saving chart drawings, a feature not available in Libertex's app. Despite these differences, both platforms receive a strong rating of 4 stars for mobile trading apps. However, ForexBrokers.com ranks TeleTrade higher at 25th out of 62 brokers, while Libertex holds the 48th position, signaling TeleTrade's broader recognition in the mobile trading app category.
| Feature |
TeleTrade
|
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 | 35 | 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 the market research offerings of TeleTrade and Libertex (Forex Club), there are several key differences to consider. TeleTrade distinguishes itself by providing daily market commentary, a feature absent from Libertex. Both brokers offer access to forex news from renowned sources like Bloomberg and Reuters, ensuring traders are well-informed with reliable information. However, neither broker supports tools from companies like Autochartist or Trading Central, nor do they offer sentiment-based trading tools, TipRanks research, or tools from Acuity Trading.
Both TeleTrade and Libertex provide an economic calendar that showcases current and upcoming global news events, an essential tool for investors tracking market movements. Despite these similarities, TeleTrade edges out Libertex with a slightly better research rating of 3.5 stars compared to Libertex's 3 stars. In the competitive landscape, TeleTrade holds the 38th position in research among 62 brokers ranked by ForexBrokers.com, while Libertex is positioned at 60th, indicating TeleTrade's stronger focus on research resources.
| Feature |
TeleTrade
|
Libertex (Forex Club)
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | No | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational offerings for beginners between TeleTrade and Libertex (Forex Club), there are some key differences to note. TeleTrade falls short in providing a comprehensive educational experience for newcomers to forex or CFDs, as it lacks a sufficient number of educational resources like articles or videos that focus on these subjects. Additionally, the platform does not provide live webinars or an archive of recorded ones for users to access at their convenience. Basic and advanced educational video content is also sparse, leaving beginners without a necessary guide to start trading efficiently.
Similarly, Libertex (Forex Club) does not offer monthly webinars or an archive of past sessions, nor does it provide a beginner-focused video library. However, it does furnish advanced educational videos which can be useful for traders with some experience looking to deepen their understanding. Despite these offerings, neither platform includes an investor dictionary to clarify common investment terms. Ranked 61st out of 62 brokers for education, TeleTrade slightly trails Libertex, which ranks 57th. However, TeleTrade scores marginally higher in user ratings for its educational content, receiving 3.5 stars compared to Libertex's 3 stars.
| Feature |
TeleTrade
|
Libertex (Forex Club)
|
|---|---|---|
| Education (Forex or CFDs) | No | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | No | 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 TeleTrade is better than Libertex (Forex Club). TeleTrade finished with an overall rank of #50, while Libertex (Forex Club) finished with an overall rank of #60.
TeleTrade was an early pioneer of mobile apps for finance, then became a forex and CFD broker, now offering the MetaTrader platform. With just one regulatory license, Teletrade has a lower Trust Score than more established forex brokers.
| Feature |
TeleTrade
|
Libertex (Forex Club)
|
|---|---|---|
| Overall Rating |
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| Trust Score | 71 | 73 |
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Both TeleTrade and Libertex (Forex Club) do not offer the option to buy actual delivered cryptocurrency, but they do provide opportunities to purchase cryptocurrency derivatives.
When comparing online brokers TeleTrade and Libertex (Forex Club) in terms of deposit and withdrawal methods, TeleTrade does not support ACH or SEPA transfers or PayPal, but accepts Skrill, Visa/Mastercard, and bank wires; whereas Libertex (Forex Club) offers ACH or SEPA transfers and PayPal, along with Skrill and bank wires, but does not support 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 | TeleTrade | Libertex (Forex Club) | |
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| Trust Score | 71 | 73 | |
| Winner | check_circle | ||
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| Broker Screenshots | TeleTrade | Libertex (Forex Club) | |
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| Regulation | TeleTrade | Libertex (Forex Club) | |
|---|---|---|---|
| Trust Score | 71 | 73 | |
| Year Founded | 1994 | 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 | 0 | 0 |
| Tier-1 Licenses (Highly Trusted) | TeleTrade | 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) | 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) | TeleTrade | 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 | TeleTrade | Libertex (Forex Club) | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 500 | 300 | |
| Forex Pairs (Total) | 61 | 51 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | 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 | TeleTrade | 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 | Yes | Yes | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | TeleTrade | Libertex (Forex Club) | |
|---|---|---|---|
| Minimum Deposit | $100 | $10 | |
| PayPal (Deposit/Withdraw) | No | 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 | TeleTrade | 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 | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | Yes | No |
| Trading Tools | TeleTrade | Libertex (Forex Club) | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 35 | 15 | |
| Charting - Drawing Tools (Total) | 15 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | TeleTrade | 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 | 35 | 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 | TeleTrade | Libertex (Forex Club) | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | TeleTrade | Libertex (Forex Club) | |
|---|---|---|---|
| Education (Forex or CFDs) | No | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | No | No | |
| Videos - Advanced Trading Videos | No | Yes | |
| Investor Dictionary (Glossary) | No | No |
| Major Forex Pairs | TeleTrade | 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 |
| Overall | TeleTrade | Libertex (Forex Club) | |
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| Trust Score | 71 | 73 | |
| Winner | check_circle | ||
| Review |
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