Written by ForexBrokers.com
In this head to head comparison of Trade Nation 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.
Trade Nation, established in 2014, is an online broker known for its high level of trustworthiness, as evidenced by its Trust Score of 85 out of 99 from ForexBrokers.com. With two Tier-1 licenses and one Tier-2 license, Trade Nation is considered a trusted platform for online trading. Not publicly traded and not operating as a bank, Trade Nation offers a reliable option for traders who prioritize regulatory oversight and security.
In contrast, Libertex (Forex Club) has been in operation since 1997 and holds a Trust Score of 73, placing it in the average risk category. Unlike Trade Nation, Libertex has only one Tier-1 license and does not possess any Tier-2 licenses, which could be a consideration for those interested in regulatory backing. Like Trade Nation, Libertex is also neither publicly traded nor a banking institution, providing another alternative for traders seeking established online trading platforms.
| Feature |
Trade Nation
|
Libertex (Forex Club)
|
|---|---|---|
| Year Founded | 2014 | 1997 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 0 |
When comparing Trade Nation to Libertex (Forex Club) in terms of commissions and fees, Trade Nation stands out with a straightforward pricing structure. Trade Nation offers competitive fixed spreads across all tradeable symbols on its proprietary platform and provides variable-spread pricing on its MetaTrader platform. For the highly traded EUR/USD pair, Trade Nation maintains a fixed spread of 0.6 pips, which may widen to 1.4 pips during the rollover period, adjusting the average spread closer to 1 pip. Trade Nation's approach includes three primary account types, highlighting the flexibility between its MetaTrader accounts—one of which is commission-based with $3.50 per side—and its TN Trader account, known for offering lower spreads and competitive all-in costs. Trade Nation shines with a 5-star rating for commissions and fees and an impressive #7 ranking out of 62 brokers by ForexBrokers.com.
In contrast, Libertex (Forex Club) does not provide specific average spread data, making direct comparisons challenging. However, the available information suggests Libertex lags behind Trade Nation significantly in competitive pricing. ForexBrokers.com ranks Libertex near the bottom at #61 for commissions and fees, with a moderate 3-star rating. These standings indicate that while Libertex may offer certain conveniences, it does not match Trade Nation's transparent and favorable fee structure.
Overall, Trade Nation presents a more appealing choice for traders seeking predictable and transparent pricing with its fixed spread system, versatile account options, and better ranking. Libertex, while providing its own unique offerings, doesn't quite match the favorable terms set by Trade Nation and reflects this in its lower star rating and ranking within the industry. For traders focused on cost efficiency, Trade Nation's consistent performance in this category makes it a more attractive option.
| Feature |
Trade Nation
|
Libertex (Forex Club)
|
|---|---|---|
| Minimum Deposit | $0 | $10 |
| Average Spread EUR/USD - Standard | 0.6 | N/A |
| All-in Cost EUR/USD - Active | 0.6 | N/A |
| Active Trader or VIP Discounts | No | 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 range of investments offered, both Trade Nation and Libertex (Forex Club) provide an opportunity for forex trading, offering it as a Contract for Difference (CFD) or spot contract. Trade Nation has an edge with 1,000 tradeable symbols compared to 300 offered by Libertex. However, Libertex offers slightly more tradeable forex pairs with 51, while Trade Nation provides access to 46 pairs. Neither broker allows clients to buy exchange-traded securities like Apple or Vodafone shares directly on U.S. or international exchanges. Both platforms support cryptocurrency derivatives, but do not offer actual cryptocurrency purchases. Additionally, both Trade Nation and Libertex offer copy trading features for users interested in mirroring the trades of experienced investors.
Despite offering a commendable variety of investment options, both brokers are equally rated at 3.5 stars for their range of investments. However, Trade Nation is slightly ahead in the ForexBrokers.com ranking, securing the 38th spot, while Libertex (Forex Club) occupies the 53rd position out of 62 brokers. This indicates that while both have their advantages, users may lean towards Trade Nation for its greater number of tradeable symbols.
| Feature |
Trade Nation
|
Libertex (Forex Club)
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1000 | 300 |
| Forex Pairs (Total) | 46 | 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.
Trade Nation and Libertex (Forex Club) both offer traders a comprehensive suite of tools and platforms tailored for versatile trading. Each broker provides simulated trading through free virtual demo accounts, allowing users to practice without financial risk, and has developed proprietary platforms. For desktop accessibility, both brokers offer Windows-based trading platforms and web-based platforms for those preferring browser access. Notably, both Trade Nation and Libertex support the widely-used MetaTrader 4 (MT4), but neither offers MetaTrader 5 (MT5). Copy trading features are available with each broker, although they don't support third-party platforms like DupliTrade or ZuluTrade.
Charting capabilities vary between the two, with Trade Nation offering 39 drawing tools compared to Libertex's 30. However, Libertex enables trading directly from stock charts, a feature Trade Nation lacks. For watch lists, Trade Nation provides more customizability with 14 columns, while Libertex offers 7. Both brokers achieve a solid rating of 4 stars for trading platforms and tools, although Trade Nation ranks slightly higher at #45 compared to Libertex's #50 among 62 brokers on ForexBrokers.com. This comparison highlights the subtle differences in platform functionality and user experience that traders should consider.
| Feature |
Trade Nation
|
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 | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | No | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 99 | 15 |
| Charting - Drawing Tools (Total) | 39 | 30 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | 14 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When choosing between the mobile trading apps of Trade Nation and Libertex (Forex Club), both brokers support iPhone and Android devices, offer price alerts, and allow you to sync watchlists with your online account. They also enable users to draw trendlines on charts and switch between different time frames like daily, weekly, or intraday. However, a notable difference is that Trade Nation's app offers 99 technical studies for charting compared to Libertex's 30. Additionally, Trade Nation automatically saves chart drawings, which is not a feature in the Libertex app. Both platforms let traders create watchlists with real-time quotes, but Trade Nation edges out in offering more comprehensive chart tools.
In terms of user ratings, both apps score 4 out of 5 stars for mobile trading experience. However, there is a slight difference in their rankings on ForexBrokers.com: Trade Nation is positioned at #45, whereas Libertex is ranked at #48 among 62 brokers. Despite these minor differences, both apps provide reliable mobile trading experiences with each having its own strengths. For those prioritizing extensive charting tools, Trade Nation might have the upper hand, while Libertex could still appeal to those looking for a solid trading app.
| Feature |
Trade Nation
|
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 | 99 | 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 Trade Nation and Libertex (Forex Club), both brokers provide access to forex news from reputable sources such as Bloomberg and Reuters. However, neither broker offers daily market commentary or technical analysis tools from renowned providers like Autochartist or Trading Central. Where Trade Nation stands out is its sentiment-based trading tool that highlights the ratio of long or short positions across various currency pairs, a feature not available with Libertex (Forex Club). Additionally, Trade Nation integrates research tools from Acuity Trading, such as Signal Centre, giving it an edge over Libertex, which lacks similar features.
While Libertex (Forex Club) includes an economic calendar to track global news events, Trade Nation falls short in this area. In terms of overall research quality, Trade Nation scores a 3.5-star rating, surpassing Libertex’s 3-star rating. According to ForexBrokers.com, Trade Nation ranks higher, sitting at 42 out of 62 brokers, while Libertex is at 60. This gives Trade Nation a modest advantage in providing tools and insights that may appeal to traders seeking more specialized market research resources.
| Feature |
Trade Nation
|
Libertex (Forex Club)
|
|---|---|---|
| Daily Market Commentary | No | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | Yes | No |
| Economic Calendar | No | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to online brokers offering educational resources for beginners, both Trade Nation and Libertex (Forex Club) provide over ten educational pieces such as articles and videos focused on forex and CFDs. Trade Nation stands out with a collection of over ten beginner-friendly educational videos, making it a solid choice for new traders seeking easy-to-understand content. However, neither Trade Nation nor Libertex hosts monthly online webinars or has a searchable archive of recorded sessions, which could be a downside for those interested in interactive learning experiences.
For those who are more experienced, Libertex offers more advanced educational videos, while Trade Nation primarily focuses on resources for beginners. Neither broker provides an investor dictionary with definitions of investing terms, which could be beneficial for traders learning the ropes. Based on reviews, Trade Nation holds a slight edge with a 3.5-star rating for its educational offerings, ranking #42 out of 62 brokers. In comparison, Libertex is rated 3 stars and is ranked #57. Overall, Trade Nation may be the more approachable choice for new traders, while Libertex caters slightly more to advanced users.
| Feature |
Trade Nation
|
Libertex (Forex Club)
|
|---|---|---|
| Education (Forex or CFDs) | Yes | 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 Trade Nation is better than Libertex (Forex Club). Trade Nation finished with an overall rank of #34, while Libertex (Forex Club) finished with an overall rank of #60.
Trade Nation’s well-designed, easy-to-use trading app is an innovative trading platform that’s great for beginner forex and CFD traders. However, if you’re a seasoned trader, you may find that Trade Nation lacks advanced features compared to the best trading platforms.
| Feature |
Trade Nation
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Libertex (Forex Club)
|
|---|---|---|
| Overall Rating |
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| Trust Score | 85 | 73 |
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Both Trade Nation and Libertex (Forex Club) do not offer the ability to buy actual delivered cryptocurrency, but they do provide options to trade cryptocurrency derivatives.
When comparing the online brokers Trade Nation and Libertex (Forex Club), Trade Nation allows deposits and withdrawals via Skrill, Visa or Mastercard, and bank wires, but lacks support for ACH, SEPA, and PayPal, whereas Libertex (Forex Club) provides options for ACH, SEPA, PayPal, Skrill, and bank wires but does not accept Visa or 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 | Trade Nation | Libertex (Forex Club) | |
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| Trust Score | 85 | 73 | |
| Winner | check_circle | ||
| Review | Trade Nation Review |
| Broker Screenshots | Trade Nation | Libertex (Forex Club) | |
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| Regulation | Trade Nation | Libertex (Forex Club) | |
|---|---|---|---|
| Trust Score | 85 | 73 | |
| Year Founded | 2014 | 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 | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 0 |
| Tier-1 Licenses (Highly Trusted) | Trade Nation | 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) | Yes | 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) | Trade Nation | Libertex (Forex Club) | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Trade Nation | Libertex (Forex Club) | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1000 | 300 | |
| Forex Pairs (Total) | 46 | 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 | Trade Nation | Libertex (Forex Club) | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.6 | N/A | |
| All-in Cost EUR/USD - Active | 0.6 | N/A | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Trade Nation | Libertex (Forex Club) | |
|---|---|---|---|
| Minimum Deposit | $0 | $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 | Trade Nation | Libertex (Forex Club) | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | No | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Trade Nation | Libertex (Forex Club) | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 14 | 7 | |
| Charting - Indicators / Studies (Total) | 99 | 15 | |
| Charting - Drawing Tools (Total) | 39 | 30 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | No | Yes |
| Mobile Trading | Trade Nation | 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 | 99 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | No | Yes |
| Research | Trade Nation | Libertex (Forex Club) | |
|---|---|---|---|
| Daily Market Commentary | No | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | No | Yes |
| Education | Trade Nation | Libertex (Forex Club) | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | 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 | Trade Nation | 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 | Trade Nation Review |
| Overall | Trade Nation | Libertex (Forex Club) | |
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| Trust Score | 85 | 73 | |
| Winner | check_circle | ||
| Review | Trade Nation Review |
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