Written by ForexBrokers.com
In this head to head comparison of eToro 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.
eToro, an online trading platform founded in 2007, is known for its strong regulatory standing. It holds three top-tier licenses, which significantly contribute to its outstanding Trust Score of 96 from ForexBrokers.com, classifying it as highly trusted. In addition to this, eToro is publicly traded, adding another layer of transparency and stability to its profile. While it is not a bank, eToro's regulatory credentials place it among the most reliable online brokers available.
Founded in 1997, Libertex (Forex Club) has a Trust Score of 73, according to ForexBrokers.com, indicating an average level of risk. The platform holds one Tier-1 license, showing some degree of regulatory oversight, but it lacks any Tier-2 licenses. Unlike eToro, Libertex is not publicly traded and is also not a bank. The difference in trust scores and regulatory licenses highlights eToro's advantage in investor confidence and regulatory oversight.
| Feature |
eToro
|
Libertex (Forex Club)
|
|---|---|---|
| Year Founded | 2007 | 1997 |
| Publicly Traded (Listed) | Yes | |
| Bank | ||
| Tier-1 Licenses | 3 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
When evaluating eToro and Libertex (Forex Club) on their commissions and fees, there are clear differences. eToro, as a market-maker broker, has a typical variable spread of 1 pip on the EUR/USD, which is somewhat higher than the industry average. Nevertheless, traders often select eToro not just for its spreads, but primarily for its unique social copy trading features. Its VIP club, known as the eToro Club, offers five membership tiers ranging from Silver to Diamond for balances between $5,000 and $250,000. Benefits of these tiers include access to Trading Central, reduced withdrawal and deposit fees, and a dedicated account manager.
In comparison, Libertex (Forex Club) does not provide average spread data, making direct comparison on this metric somewhat challenging. Despite this, eToro holds a higher rating in terms of commissions and fees, earning 4.5 out of 5 stars, while Libertex scores 3 stars. These scores reflect their relative attractiveness to traders from a cost perspective.
Furthermore, according to ForexBrokers.com, eToro is ranked #22 out of 63 brokers for commissions and fees, while Libertex ranks at #62. This ranking underscores eToro's stronger position in this category, driven by its comprehensive offerings and tailored VIP benefits.
| Feature |
eToro
|
Libertex (Forex Club)
|
|---|---|---|
| Minimum Deposit | $50-$10,000 | $10 |
| Average Spread EUR/USD - Standard | 1 | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | Yes | Yes |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
eToro stands out with its expansive range of investment options, offering 5,461 tradeable symbols compared to Libertex's 300. Both platforms support forex trading through CFDs or spot contracts, with eToro providing access to 55 forex pairs while Libertex offers 51. In addition, eToro allows investors to buy exchange-traded securities on both U.S. and international exchanges, enabling direct ownership of stocks like Apple and Vodafone. Though both platforms support cryptocurrency derivatives, eToro uniquely allows customers to purchase actual cryptocurrencies, adding to its versatility.
Copy trading is available on both eToro and Libertex, allowing users to replicate the trading strategies of experienced investors. However, when it comes to the breadth of investment options, eToro receives a higher rating of 5 stars, ranking 10th out of 63 brokers in the "Range of Investments" category on ForexBrokers.com. In contrast, Libertex has a rating of 3.5 stars and ranks 53rd in the same category. This comparison highlights eToro as a more comprehensive choice for investors seeking diverse investment opportunities.
| Feature |
eToro
|
Libertex (Forex Club)
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 5461 | 300 |
| Forex Pairs (Total) | 55 | 51 |
| U.S. Stock Trading (Non CFD) | Yes | |
| Int'l Stock Trading (Non CFD) | Yes | |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | Yes | |
| 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.
When comparing eToro with Libertex (Forex Club) in terms of trading platforms and tools, both brokers offer free virtual demo accounts, making it easy for users to practice their trading skills without financial risk. Each platform provides a proprietary trading platform developed in-house, catering to the specific needs of their users. While both offer web-based trading platforms, only Libertex provides a Windows-based desktop download option. Both platforms enable copy trading, but when it comes to third-party integrations like MetaTrader 4, only Libertex supports it, and neither broker offers MetaTrader 5, DupliTrade, or ZuluTrade.
In terms of charting tools, eToro stands out by offering a substantial 161 drawing tools compared to Libertex's 30. However, Libertex allows users to trade directly from a stock chart, adding a layer of convenience. When it comes to organizing information, eToro supports six columns for watch lists, while Libertex offers seven. With these features in mind, eToro ranks higher in user ratings, earning 4.5 stars compared to Libertex's 4 stars. According to ForexBrokers.com, eToro takes the 8th spot out of 63 brokers for trading platforms and tools, whereas Libertex is ranked 50th, indicating eToro's relative strength in this category.
| Feature |
eToro
|
Libertex (Forex Club)
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | |
| MetaTrader 5 (MT5) | ||
| DupliTrade | ||
| ZuluTrade | ||
| Charting - Indicators / Studies (Total) | 104 | 15 |
| Charting - Drawing Tools (Total) | 161 | 30 |
| Charting - Trade From Chart | Yes | |
| Watchlists - Total Fields | 6 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When evaluating the mobile trading experience between eToro and Libertex (Forex Club), both platforms provide apps for iPhone and Android devices, along with features like stock and forex price alerts and watchlist symbol syncing. These functionalities ensure traders can stay updated on market movements and manage their portfolios smoothly across different platforms. Additionally, both apps allow users to view multiple time frames on charts and create watchlists with real-time quotes, catering to users who need real-time insights and quick market decisions.
However, eToro stands out with a more comprehensive set of technical studies for charting within its mobile app, offering 104 compared to Libertex's 30. This makes eToro particularly appealing to traders who rely heavily on technical analysis. While Libertex allows drawing trendlines on charts, eToro does not currently offer this feature, nor do either app auto-save these drawings. In terms of user satisfaction, eToro has a slightly higher mobile app rating, 4.5 stars compared to Libertex's 4 stars, and is ranked #10 out of 63 brokers by ForexBrokers.com, whereas Libertex holds the #49 spot. Whether aspects like extensive technical studies or a generally higher user rating are more important will ultimately guide users to the app that best fits their trading style.
| Feature |
eToro
|
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 | 104 | 30 |
| Mobile Charting - Draw Trendlines | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | ||
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
eToro and Libertex (Forex Club) both offer forex news, but from different avenues. While eToro provides daily market commentary, Libertex shines by offering forex news from renowned sources like Bloomberg and Reuters. When it comes to analysis tools, eToro integrates features like Technical Analytics from Trading Central and a sentiment-based trading tool showing market trends. They also offer market insights via TipRanks, whereas Libertex does not provide these specialized tools. However, both platforms include an economic calendar to keep traders updated on global economic events.
In terms of ratings, eToro is favored with a 4.5-star rating, positioning it 13th among 63 brokers for research according to ForexBrokers.com. On the other hand, Libertex holds a 3-star rating, coming in at 61st place. This indicates eToro's comprehensive array of market research options makes it more appealing for traders who prioritize in-depth research and analysis tools, whereas Libertex may not meet the needs of those looking for advanced market insights.
| Feature |
eToro
|
Libertex (Forex Club)
|
|---|---|---|
| Daily Market Commentary | Yes | |
| Forex News (Top-Tier Sources) | Yes | |
| Autochartist | ||
| Trading Central (Recognia) | Yes | |
| Social Sentiment - Currency Pairs | Yes | |
| TipRanks | Yes | |
| Signal Centre (Acuity Trading) | ||
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing educational resources for beginners between eToro and Libertex (Forex Club), eToro stands out as a more comprehensive option. eToro offers a wide array of materials, including a minimum of 10 pieces focused on forex and CFDs education, monthly online webinars, and a searchable archive of recorded sessions. They provide beginner-focused videos on trading topics, advanced educational content for experienced traders, and an investor dictionary with over 50 investing terms. With a 4.5-star rating for education and being ranked 5th out of 63 brokers by ForexBrokers.com, eToro shows a strong commitment to educating its users.
In contrast, Libertex (Forex Club) offers educational materials but lacks some key components that eToro provides. While they offer a minimum of 10 educational pieces on forex and CFDs, and advanced videos for experienced traders, Libertex does not host regular webinars, offer archived sessions, or provide a comprehensive investor dictionary. Rated 3 stars for education and ranked 57th among 63 brokers by ForexBrokers.com, Libertex may not be as resource-rich for beginners seeking an extensive learning platform as eToro.
| Feature |
eToro
|
Libertex (Forex Club)
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | |
| Client Webinars (Archived) | Yes | |
| Videos - Beginner Trading Videos | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes |
| Investor Dictionary (Glossary) | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that eToro is better than Libertex (Forex Club). eToro finished with an overall rank of #9, while Libertex (Forex Club) finished with an overall rank of #61.
eToro is a winner for its easy-to-use copy-trading platform, where traders can copy the trades of experienced investors – or receive exclusive perks for sharing their own trading strategies.
| Feature |
eToro
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Libertex (Forex Club)
|
|---|---|---|
| Overall Rating |
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| Trust Score | 96 | 73 |
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eToro allows users to purchase actual delivered cryptocurrencies as well as cryptocurrency derivatives, while Libertex (Forex Club) offers the ability to buy cryptocurrency derivatives but does not provide the option for purchasing actual delivered cryptocurrency.
Both eToro and Libertex (Forex Club) offer a variety of options for depositing and withdrawing account funds, including ACH or SEPA transfers, PayPal, Skrill, and bank wires, while eToro additionally offers Visa or Mastercard payments.
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 | eToro | Libertex (Forex Club) | |
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| Trust Score | 96 | 73 | |
| Winner | check_circle | ||
| Review | eToro Review |
| Broker Screenshots | eToro | Libertex (Forex Club) | |
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| Broker Gallery (click to expand) |
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| Regulation | eToro | Libertex (Forex Club) | |
|---|---|---|---|
| Trust Score | 96 | 73 | |
| Year Founded | 2007 | 1997 | |
| Publicly Traded (Listed) | Yes | ||
| Bank | |||
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 3 | 1 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | eToro | Libertex (Forex Club) | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | ||
| Canada (CIRO Authorised) | |||
| Hong Kong (SFC Authorised) | |||
| Japan (SFC Authorised) | |||
| Singapore (MAS Authorised) | |||
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | Yes | ||
| USA (CFTC Authorized) | |||
| New Zealand (FMA Authorised) | |||
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | eToro | Libertex (Forex Club) | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | |||
| South Africa (FSCA Authorised) | |||
| UAE (DFSA/Central Bank Authorised) | |||
| India (SEBI Authorised) | |||
| Jordan (JSC Authorised) |
| Investments | eToro | Libertex (Forex Club) | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 5461 | 300 | |
| Forex Pairs (Total) | 55 | 51 | |
| U.S. Stock Trading (Non CFD) | Yes | ||
| Int'l Stock Trading (Non CFD) | Yes | ||
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | Yes | ||
| 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 | eToro | Libertex (Forex Club) | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1 | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | ||
| Execution: Agency Broker | Yes | ||
| Execution: Market Maker | Yes | Yes |
| Funding | eToro | Libertex (Forex Club) | |
|---|---|---|---|
| Minimum Deposit | $50-$10,000 | $10 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | ||
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | Yes |
| Trading Platforms | eToro | Libertex (Forex Club) | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | ||
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | ||
| MetaTrader 5 (MT5) | |||
| cTrader | |||
| DupliTrade | |||
| ZuluTrade |
| Trading Tools | eToro | Libertex (Forex Club) | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 6 | 7 | |
| Charting - Indicators / Studies (Total) | 104 | 15 | |
| Charting - Drawing Tools (Total) | 161 | 30 | |
| Charting - Trade From Chart | Yes | ||
| Charts can be saved | Yes | Yes |
| Mobile Trading | eToro | 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 | 104 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | ||
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | |||
| Mobile Economic Calendar | Yes |
| Research | eToro | Libertex (Forex Club) | |
|---|---|---|---|
| Daily Market Commentary | Yes | ||
| Forex News (Top-Tier Sources) | Yes | ||
| Autochartist | |||
| Trading Central (Recognia) | Yes | ||
| TipRanks | Yes | ||
| Social Sentiment - Currency Pairs | Yes | ||
| Economic Calendar | Yes | Yes |
| Education | eToro | Libertex (Forex Club) | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | ||
| Client Webinars (Archived) | Yes | ||
| Videos - Beginner Trading Videos | Yes | ||
| Videos - Advanced Trading Videos | Yes | Yes | |
| Investor Dictionary (Glossary) | Yes |
| Major Forex Pairs | eToro | 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 | eToro Review |
| Overall | eToro | Libertex (Forex Club) | |
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| Trust Score | 96 | 73 | |
| Winner | check_circle | ||
| Review | eToro Review |
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