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eToro vs Libertex (Forex Club) 2024

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Written by ForexBrokers.com

August 29, 2023

Is eToro better than Libertex (Forex Club)? In our analysis of 23 international regulators across 62 of the best forex brokers, eToro is considered Highly Trusted, with an overall Trust Score of 90 out of 99. Libertex (Forex Club) is considered Average Risk, with an overall Trust Score of 73 out of 99. Learn more about Trust Score.

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Compare

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Overall Rating eToro Libertex (Forex Club)
Overall Rating info 4.5/5 Stars 3.5/5 Stars
Commissions & Fees 4.5/5 Stars 3/5 Stars
Offering of Investments 5/5 Stars 3.5/5 Stars
Platform & Tools 4.5/5 Stars 4/5 Stars
Mobile Trading 4.5/5 Stars 4/5 Stars
Research 4.5/5 Stars 3/5 Stars
Education 4.5/5 Stars 3/5 Stars
Trust Score info 90 73
Winner check_circle
Review eToro Review
Broker Screenshots eToro Libertex (Forex Club)
Trading Platforms Gallery (click to expand) info
Mobile Trading Gallery (click to expand) info
Research Gallery (click to expand) info
Education Gallery (click to expand) info
Regulation eToro Libertex (Forex Club)
Trust Score info 90 73
Year Founded info 2007 1997
Publicly Traded (Listed) info No No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes info
Tier-1 Licenses info 3 1
Tier-2 Licenses info 0 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 0
Tier-1 Licenses (Highly Trusted) eToro Libertex (Forex Club)
Australia (ASIC Authorised) info Yes No
Canada (CIRO Authorised) info No No
Hong Kong (SFC Authorised) info No No
Japan (SFC Authorised) info No No
Singapore (MAS Authorised) info No No
Switzerland (FINMA Authorised) info No No
United Kingdom (U.K.) (FCA Authorised) info Yes No
USA (CFTC Authorized) info No No
New Zealand (FMA Authorised) info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes info
Tier-2 Licenses (Trusted) eToro Libertex (Forex Club)
Kenya (CMA Authorised) info No No
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info No No
UAE (DFSA/Central Bank Authorised) info No No
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info No No
Investments eToro Libertex (Forex Club)
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 3479 300
Forex Pairs (Total) info 52 51
U.S. Stock Trading (Non CFD) info Yes No
Int'l Stock Trading (Non CFD) info Yes No
Social Trading / Copy Trading info Yes Yes
Cryptocurrency (Physical) info Yes No
Cryptocurrency (Derivative) info 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 info 1 info N/A info
All-in Cost EUR/USD - Active info N/A N/A info
Active Trader or VIP Discounts info Yes Yes
Inactivity Fee info Yes No
Execution: Agency Broker info Yes No
Execution: Market Maker info Yes Yes
Funding eToro Libertex (Forex Club)
Minimum Deposit info $10-$10,000 $10
PayPal (Deposit/Withdraw) info Yes Yes
Skrill (Deposit/Withdraw) info Yes Yes
Visa/Mastercard (Credit/Debit) info Yes No
Bank Wire (Deposit/Withdraw) info Yes Yes
Trading Platforms eToro Libertex (Forex Club)
Proprietary Platform info Yes Yes
Desktop Platform (Windows) info No Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes Yes
MetaTrader 4 (MT4) info No Yes
MetaTrader 5 (MT5) info No No
cTrader info No No
DupliTrade info No No
ZuluTrade info No No
Trading Tools eToro Libertex (Forex Club)
Virtual Trading (Demo) info Yes Yes
Alerts - Basic Fields info Yes Yes
Watchlists - Total Fields info 6 7
Charting - Indicators / Studies (Total) info 104 15
Charting - Drawing Tools (Total) info 161 30
Charting - Trade From Chart info No Yes
Charts can be saved info Yes Yes
Mobile Trading eToro Libertex (Forex Club)
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Mobile Watchlist info Yes Yes
Watchlist Syncing info Yes Yes
Mobile Charting - Indicators / Studies info 104 30
Mobile Charting - Draw Trendlines info No Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info No No
Mobile Economic Calendar info No Yes
Research eToro Libertex (Forex Club)
Daily Market Commentary info Yes No
Forex News (Top-Tier Sources) info No Yes
Autochartist info No No
Trading Central (Recognia) info Yes No
TipRanks info Yes No
Social Sentiment - Currency Pairs info Yes No
Economic Calendar info Yes Yes
Education eToro Libertex (Forex Club)
Education (Forex or CFDs) info Yes Yes
Client Webinars info Yes No
Client Webinars (Archived) info Yes No
Videos - Beginner Trading Videos info Yes No
Videos - Advanced Trading Videos info Yes Yes
Investor Dictionary (Glossary) info Yes No
Major Forex Pairs eToro Libertex (Forex Club)
GBP/USD info Yes Yes
USD/JPY info Yes Yes
EUR/USD info Yes Yes
USD/CHF info Yes Yes
USD/CAD info Yes Yes
NZD/USD info Yes Yes
AUD/USD info Yes Yes
Review eToro Review
Overall eToro Libertex (Forex Club)
Overall Rating info 4.5/5 Stars 3.5/5 Stars
Commissions & Fees 4.5/5 Stars 3/5 Stars
Offering of Investments 5/5 Stars 3.5/5 Stars
Platform & Tools 4.5/5 Stars 4/5 Stars
Mobile Trading 4.5/5 Stars 4/5 Stars
Research 4.5/5 Stars 3/5 Stars
Education 4.5/5 Stars 3/5 Stars
Trust Score info 90 73
Winner check_circle
Review eToro Review
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eToro vs Libertex (Forex Club) Comparison

We’ve made it easy to compare the best forex brokers, side-by-side. Our editorial team has collected thousands of data points, written hundreds of thousands of words of research, and tested over 60 brokers to help you find the best forex brokers in the industry. Our research is unbiased and independent; learn more about how we test. That same research and data powers our broker comparisons. Let's compare eToro vs Libertex (Forex Club).

Can I trust eToro?

eToro is not publicly traded and does not operate a bank. eToro is authorised by three Tier-1 regulators (Highly Trusted), zero Tier-2 regulators (Trusted), zero Tier-3 regulators (Average Risk), and one Tier-4 regulator (High Risk). eToro is authorised by the following Tier-1 regulators: Australian Securities & Exchange Commission (ASIC), Financial Conduct Authority (FCA), and regulated in the European Union via the MiFID passporting system.

Can I trust Libertex (Forex Club)?

Libertex (Forex Club) is not publicly traded and does not operate a bank. Libertex (Forex Club) is authorised by one Tier-1 regulator (Highly Trusted), zero tier-2 regulator (Trusted), zero tier-3 regulators (Average Risk), and zero tier-4 regulators (High Risk). Libertex (Forex Club) is authorised by the following Tier-1 regulators: Regulated in the European Union via the MiFID passporting system.

Is eToro good?

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.

Is Libertex (Forex Club) good?

Forex Club is a long-standing MetaTrader broker offering forex and CFDs, along it's more recently launched Libertex brand catering to the EU market with a proprietary web platform. The biggest issue with Libertex (Forex Club) is the few regulatory licenses it holds, which bring down its Trust Score, compared to the most trusted brokers.

What is the minimum deposit requirement for opening an account with eToro?

To open a trading account with eToro, you'll need to make an initial minimum deposit of $10-$10,000.

What is the minimum deposit requirement for opening an account with Libertex (Forex Club)?

Libertex (Forex Club) requires a minimum deposit of $10 before you can open an account and start trading.

What funding options does each broker offer?

It's important to make sure that your forex broker accepts the funding options and deposit methods that work best for you. eToro offers Visa/Mastercard (Credit/Debit), Bank Wire (Deposit/Withdraw), PayPal (Deposit/Withdraw), Skrill (Deposit/Withdraw) and Neteller (Deposit/Withdraw) for banking, whereas Libertex (Forex Club) provides Bank Wire (Deposit/Withdraw), PayPal (Deposit/Withdraw), Skrill (Deposit/Withdraw) and Neteller (Deposit/Withdraw)

Does eToro or Libertex (Forex Club) offer lower pricing?

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spread data, and pricing structures vary. Based on our thorough, data-driven testing of each broker's commissions and fees, we found that eToro offers better pricing overall for traders.

Methodology: When testing each broker's commissions, fees, and pricing, we analyze multiple trade scenarios and award points based on the expansiveness (or inexpensiveness) of the broker's spreads. We then run multiple scenarios for different investor types, incorporating any miscellaneous fees, to determine an "all-in" cost per trade. Learn more about how we test.

Is eToro or Libertex (Forex Club) safer for forex and CFDs trading?

At ForexBrokers.com, we track over 110 international regulatory agencies and sort them by tiers (Tier-1, Tier-2, Tier-3, Tier-4, and Tier-5) to help you choose well-regulated, highly trusted forex brokers. Learn more about our proprietary Trust Score rating system. Based on our research on the regulatory status of over 60 brokers, we've found that eToro holds 3 global Tier-1 licenses, while Libertex (Forex Club) holds 1. Both eToro and Libertex (Forex Club) hold 0 global Tier-2 licenses.

After evaluating each broker based on their number of held licenses, years in business, and a range of other data-driven variables, we've determined that eToro (90) earned a higher Trust Score than Libertex (Forex Club) (73).

Which trading platform is better: eToro or Libertex (Forex Club)?

To compare the trading platforms of both eToro and Libertex (Forex Club), we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, eToro offers a better experience. With research, eToro offers superior market research. Finally, we found eToro to provide better mobile trading apps.

Here’s what trading platforms are available at eToro:

  • Proprietary Platform - Yes
  • Web Platform - Yes
  • cTrader - No
  • DupliTrade - No
  • MT4 - No
  • MT5 - No
  • ZuluTrade - No
  • TradingView - No

Here’s what trading platforms are available at Libertex (Forex Club):

  • Proprietary Platform - Yes
  • Web Platform - Yes
  • cTrader - No
  • DupliTrade - No
  • MT4 - Yes
  • MT5 - No
  • ZuluTrade - No
  • TradingView - No

What about MetaTrader? How about copy trading?

The MetaTrader trading platform suite is wildly popular among forex and CFD traders across the globe. Neither broker offers Meta Trader. Forex traders also appreciate the ability to engage in social copy trading. eToro and Libertex (Forex Club) both offer copy trading.

What can I trade with each broker?

eToro provides traders 52 currency pairs (e.g., EUR/USD) compared to Libertex (Forex Club)'s 51 available pairs. If you are interested in trading CFDs, eToro offers traders access to 3479 CFDs, while Libertex (Forex Club) offers access to 300 CFDs; so eToro offers 3179 more CFDs than Libertex (Forex Club).

We found in our testing that eToro offers a more diverse selection of investment options than Libertex (Forex Club), allowing you to trade Forex Trading (Spot or CFDs), U.S. Stocks (CFD), Int'l Stock Trading (Non CFD), Cryptocurrency (Physical), Cryptocurrency (Derivative) and Social Trading / Copy Trading. Neither have Spread Betting.

Overall winner: eToro

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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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