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 was founded in 2007 and holds a Trust Score of 93 out of 99 according to ForexBrokers.com, identifying it as a highly trusted online broker. It has secured three Tier-1 licenses and one Tier-2 license, underscoring its strong regulatory standing. Although eToro is not a bank or publicly traded, its reputation is bolstered by these trusted licenses, making it a reliable choice for investors seeking a secure trading platform.
On the other hand, Libertex (Forex Club) has been in operation since 1997 and carries a Trust Score of 73, placing it in the average risk category. It holds one Tier-1 license but lacks any Tier-2 licenses, which might affect its trust perception compared to its counterparts. Like eToro, Libertex is neither a bank nor publicly listed on any stock exchange. While Libertex is established with years of experience, potential users might consider its lower regulatory credentials when comparing it to more trusted brokers.
| Feature |
eToro
|
Libertex (Forex Club)
|
|---|---|---|
| Year Founded | 2007 | 1997 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
When comparing the online brokers eToro and Libertex (Forex Club) in terms of commissions and fees, eToro stands out as a market-maker broker with a typical variable spread of 1 pip on the EUR/USD, which is somewhat higher than the industry average. While it's not the most competitive in terms of spreads, eToro attracts retail traders with its popular social copy trading platform. Additionally, eToro offers a VIP club with five membership tiers – from Silver to Diamond – for traders who maintain balances between $5,000 and $250,000. These tiers offer benefits such as access to Trading Central, discounted withdrawal and deposit fees, and dedicated account managers.
On the other hand, Libertex, also known as Forex Club, does not provide average spread data, making it challenging for traders to directly assess its competitiveness through typical spread metrics. This lack of transparency in commission and fees data may influence potential customers looking for clarity and value. Consequently, Libertex is less favored in this area.
In terms of ratings for commissions and fees, eToro receives a 4.5-star rating, reflecting its favorable standing with more benefits offered to high-tier customers. It is ranked #22 among 62 brokers by ForexBrokers.com. Conversely, Libertex earns a 3-star rating and holds the #61 position out of 62 brokers, indicating a less competitive offering compared to eToro. This comparison highlights the advantages of eToro’s structured benefits for traders considering commissions and fees.
| 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 | No |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing eToro and Libertex for their range of investments, eToro stands out with a whopping 5,461 tradable symbols, offering clients a diverse selection that includes 55 forex pairs. Meanwhile, Libertex's catalog is more condensed, featuring 300 tradable symbols and 51 forex pairs. A key advantage for eToro users is the ability to trade real exchange-traded securities on both U.S. and international markets, such as buying shares of Apple and Vodafone. Libertex does not provide this option, focusing instead on contracts for difference (CFDs) for financial instruments.
Both eToro and Libertex support forex trading via CFDs and offer copy trading services, but eToro also allows for the purchase of actual cryptocurrencies, unlike Libertex, which only provides cryptocurrency derivatives. This wide array of options helps eToro earn a 5-star rating and a #10 ranking from ForexBrokers.com for investment range, significantly outpacing Libertex's 3.5-star rating and #53 ranking. Therefore, eToro presents a more expansive investment offering, making it a favorable choice for those seeking a broader array of trading possibilities.
| 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 | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | Yes | 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.
When comparing the trading platforms and tools of eToro and Libertex, both brokers provide a proprietary platform and offer free virtual demo accounts for simulated trading. eToro shines with its web-based platform, known for facilitating social and copy trading, allowing users to mimic the trading actions of successful investors. However, unlike Libertex, eToro doesn't support desktop trading on Windows or MetaTrader platforms. It also lacks the capability to trade directly from a stock chart, which Libertex offers. On the analysis front, eToro impresses with more drawing tools available for charting, while Libertex provides one extra field for watch list customization.
In terms of ratings, eToro garners a higher score for its trading platforms and tools, receiving 4.5 stars out of five, compared to Libertex's four stars. Furthermore, eToro is ranked significantly higher, placed 8th among 62 brokers in the Trading Platforms and Tools category by ForexBrokers.com, while Libertex is positioned at 50th. This ranking reflects eToro’s comprehensive tools tailored towards traders focused on interactive and social trading experiences. Both brokers offer reliable features, but eToro’s platform might appeal more to users who value social insights and convenient online access, while Libertex could be favored by those who prefer traditional chart trading options.
| Feature |
eToro
|
Libertex (Forex Club)
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | No | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 104 | 15 |
| Charting - Drawing Tools (Total) | 161 | 30 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | 6 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both eToro and Libertex offer versatile mobile trading apps available for iPhone and Android users, making it easy to manage your investments on the go. Key features such as the ability to receive stock or forex price alerts and create watchlists with real-time quotes are offered by both platforms. Additionally, both brokers support watchlist symbol syncing, allowing seamless transitions and updates across devices. While eToro shines with a substantial 104 technical studies for charting, Libertex falls behind with only 30. However, Libertex compensates by offering the ability to draw trendlines on charts, a feature eToro lacks. Both platforms allow users to view multiple different time frames on their charts, though neither auto-saves drawings.
When it comes to user experience and ratings, eToro has an edge. It is rated 4.5 out of 5 stars for its mobile trading app, trumping Libertex's 4-star rating. This advantage is reflected in eToro's higher ranking, coming in at #10 out of 62 brokers assessed by ForexBrokers.com for mobile trading apps, compared to Libertex, which ranks at #49. Whether you're looking for a myriad of charting options with eToro or the ability to draw trendlines with Libertex, both platforms offer unique strengths depending on your trading needs.
| 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 | No | 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 eToro and Libertex (Forex Club) for their market research offerings, eToro clearly takes the lead with its diverse array of features. eToro provides daily market commentary, giving users valuable insights into market trends on a daily basis. While it does not offer forex news from top-tier sources like Bloomberg or Reuters, eToro compensates with tools from Trading Central, such as Technical Analytics, allowing users to delve deeper into technical analysis. The platform also offers a sentiment-based trading tool that provides a clear view of long or short positions, and valuable market research through TipRanks that enhances decision-making. Additionally, eToro includes an economic calendar which is a helpful resource for staying updated on global economic events.
On the other hand, Libertex (Forex Club) comes with some limitations. It does provide forex news from reputable sources, which is useful for traders looking for industry news. However, it lacks in providing key features like daily market commentary, tools from Trading Central, and sentiment-based trading tools, which could be drawbacks for those seeking comprehensive market analysis. Libertex, like eToro, does offer an economic calendar, but overall, eToro's research capabilities earn it a higher customer rating of 4.5 stars, compared to Libertex's 3 stars. Furthermore, in a ranking of 62 brokers by ForexBrokers.com, eToro is positioned at #13, well ahead of Libertex, which stands at #60, making eToro a more favored choice for research-focused traders.
| Feature |
eToro
|
Libertex (Forex Club)
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | Yes | 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 eToro and Libertex (Forex Club), eToro clearly takes the lead with its comprehensive approach. eToro provides a wide array of educational resources, including over ten pieces focused on forex and CFDs, and offers monthly webinars for its clients. Additionally, they have a searchable archive of past webinars, making it easier for learners to access and revisit information. Those new to trading will appreciate eToro's library of over ten beginner-friendly videos, coupled with an investor dictionary that simplifies industry jargon with more than 50 definitions. This extensive support has earned eToro a commendable 4.5-star rating in education and a top-five ranking from ForexBrokers.com.
On the other hand, Libertex (Forex Club) provides educational content on forex and CFDs, but it lags behind eToro in several aspects. While they also offer advanced educational videos for seasoned traders, they do not provide regular client webinars or maintain an archive of past sessions. Furthermore, beginners might find their resources lacking, as Libertex doesn’t offer a substantial collection of beginner-targeted videos, nor an extensive investor dictionary to demystify complex terms. With a 3-star education rating and a much lower position of 57th in ForexBrokers.com's rankings, Libertex's offerings may not suffice for those seeking comprehensive beginner education in trading.
| Feature |
eToro
|
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 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 #60.
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
|
Libertex (Forex Club)
|
|---|---|---|
| Overall Rating |
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| Trust Score | 93 | 73 |
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eToro allows users to purchase actual delivered cryptocurrency and cryptocurrency derivatives, whereas Libertex (Forex Club) offers only cryptocurrency derivatives without the option to buy actual delivered cryptocurrency.
eToro and Libertex (Forex Club) both offer multiple options for depositing and withdrawing funds, including ACH/SEPA transfers, PayPal, and Skrill, but while eToro also provides Visa or Mastercard options, Libertex does not, although both platforms support bank wire 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 | eToro | Libertex (Forex Club) | |
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| Trust Score | 93 | 73 | |
| Winner | check_circle | ||
| Review | eToro Review |
| Broker Screenshots | eToro | Libertex (Forex Club) | |
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| Regulation | eToro | Libertex (Forex Club) | |
|---|---|---|---|
| Trust Score | 93 | 73 | |
| Year Founded | 2007 | 1997 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| 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 | 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). | Yes | Yes |
| Tier-2 Licenses (Trusted) | eToro | 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 | 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 | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | Yes | 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 | 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 | No | |
| Execution: Agency Broker | Yes | No | |
| 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 | No | |
| 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) | No | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| 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 | No | 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 | No | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | No | |
| Mobile Economic Calendar | No | Yes |
| Research | eToro | Libertex (Forex Club) | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | Yes | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | eToro | 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 | 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 | 93 | 73 | |
| Winner | check_circle | ||
| Review | eToro Review |
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