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, founded in 2007, is a well-established online broker that is publicly traded, enhancing its transparency to traders. The company holds three Tier-1 licenses and one Tier-2 license, adding to its credibility and trustworthiness in the industry. With a Trust Score of 96 out of 99 from ForexBrokers.com, eToro stands out as a highly trusted platform among its peers. Though not a bank, eToro's regulatory backing and public trading status make it a compelling choice for many investors.
In comparison, Libertex (Forex Club), established in 1997, is not publicly traded and holds one Tier-1 license. It does not hold any Tier-2 licenses, which may raise concerns for some potential clients. With a Trust Score of 73 from ForexBrokers.com, Libertex is regarded as having an average level of risk. While not a bank, it has been in the market for a longer period, but its regulatory credentials do not reach the same level as eToro's. Investors seeking a more trusted platform might lean towards eToro for its higher trust score and more extensive regulatory coverage.
| Feature |
eToro
|
Libertex (Forex Club)
|
|---|---|---|
| Year Founded | 2007 | 1997 |
| Publicly Traded (Listed) | Yes | 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 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 | No |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing the range of investments offered by eToro and Libertex (Forex Club), eToro emerges as a market leader, providing a wider variety of trading opportunities. With an impressive selection of 5,461 tradeable symbols, eToro far surpasses Libertex's offering of 300. Both platforms support forex trading through CFDs or spot contracts, but eToro offers a slight edge with 55 forex pairs compared to Libertex's 51. Unique to eToro is the opportunity to purchase exchange-traded securities from U.S. and international markets, enabling clients to invest in companies like Apple and Vodafone, which Libertex does not provide.
eToro also stands out by allowing clients to buy both actual cryptocurrencies and derivatives, whereas Libertex only offers cryptocurrency derivatives. Both platforms support copy trading, offering users options to follow experienced investors. Overall, with a 5-star rating for range of investments, eToro outshines Libertex's 3.5 stars and holds the 10th rank among 63 brokers on ForexBrokers.com, while Libertex trails at the 53rd position. These distinctions make eToro a preferred choice for investors seeking diverse and flexible trading options.
| 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.
eToro and Libertex (Forex Club) both offer simulated trading through free virtual demo accounts, providing an excellent way for beginners to practice without financial risk. While both brokers have their own proprietary platforms, eToro shines with a highly-rated web-based platform that is ideal for users who prefer not to download software. This platform also offers an impressive 161 drawing tools for charting, making it favorable for technical analysis enthusiasts. On the other hand, Libertex stands out with its support for MetaTrader 4, which might appeal to those familiar with this popular platform. However, it lacks desktop support and has fewer charting features compared to eToro.
In terms of copy trading, both eToro and Libertex enable users to replicate the trades of successful investors, adding a social aspect to traditional trading strategies. Libertex offers the ability to trade directly from stock charts and provides slightly more slots for watch list details than eToro. Despite these capabilities, eToro generally receives higher accolades, earning 4.5 stars out of 5 for its trading platforms and tools, compared to Libertex's 4 stars, and holds a higher overall rank in this category by ForexBrokers.com. This superior ranking and user feedback suggest that eToro might be the preferable choice for those focused on a comprehensive and user-friendly trading experience.
| 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.
eToro and Libertex (Forex Club) both offer mobile trading apps compatible with iPhone and Android devices. Users of both platforms can receive price alerts for stocks and forex, as well as synchronize watchlists between their mobile apps and online accounts. When it comes to technical offerings, eToro provides a wider selection with 104 technical studies available for charting, compared to Libertex's 30. However, Libertex supports drawing trendlines on charts, a feature that eToro lacks. Both apps enable users to view different time frames like daily or weekly, but neither automatically saves chart drawings. Creating a watchlist with real-time quotes is possible on both platforms.
Customer satisfaction ratings highlight that eToro's mobile app achieves 4.5 stars, making it competitive in the market with its #10 rank among 63 brokers reviewed by ForexBrokers.com. In contrast, while still offering valuable features, Libertex's app is rated at 4 stars and ranked at #49. Therefore, if a higher-rated mobile trading app with comprehensive technical studies is important to you, eToro might have the edge. However, if charting tools that include trendline drawing are crucial, Libertex might meet those needs better.
| 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 for market research, eToro offers daily market commentary, which is a helpful resource for keeping up with market trends. In contrast, Libertex lacks this feature. When it comes to providing forex news from top-tier sources like Bloomberg and Reuters, Libertex takes the lead, offering insights from reputable outlets that eToro does not. Both platforms share a similarity in not including tools from Autochartist, but eToro compensates by providing trading insights from Trading Central and boasts a sentiment-based tool for analyzing position ratios, features that Libertex doesn't match. Furthermore, eToro integrates TipRanks for enhanced market research, offering users an edge in assessing investment options, again leaving Libertex behind in this aspect.
Both brokers include an economic calendar to track global news events, but the quality of overall research offerings shines more for eToro, earning it a higher research rating at 4.5 stars compared to Libertex's 3 stars. The comprehensive suite of tools and research capabilities allows eToro to rank #13 out of 63 brokers on ForexBrokers.com, demonstrating its strength in this category. On the other hand, Libertex finds itself lower down the list at #61. For users seeking detailed research tools and market insights, eToro stands out as the more resource-rich option between the two.
| 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 it comes to educational resources for forex and CFD trading, both eToro and Libertex (Forex Club) offer beginners a variety of options. eToro stands out with a wealth of materials tailored to newcomers, providing over 10 beginner-focused educational videos as well as a range of advanced tutorials. This platform also hosts regular online webinars—at least one per month—along with a searchable archive of these sessions, making it easier for users to access vital content at their convenience. Additionally, eToro offers an investor dictionary featuring definitions of more than 50 investing terms, which enhances understanding for those new to financial markets. Meanwhile, Libertex does offer a basic collection of educational pieces and advanced trading videos but lacks a comparable assortment of beginner-focused resources and does not provide regular webinars or a searchable archive of past sessions.
The differences in educational support are reflected in user ratings and rankings. eToro receives 4.5 out of 5 stars for its educational offerings and is ranked 5th out of 63 brokers by ForexBrokers.com for educational content. In contrast, Libertex is rated 3 stars and holds the 57th position in the same category, which indicates that while Libertex provides some value for more experienced traders, beginners may find eToro's offerings more comprehensive and accessible. These distinctions are significant for traders deciding which platform might best support their learning journey in forex and CFDs.
| 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 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
|
Libertex (Forex Club)
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 96 | 73 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platforms & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
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.
Select Brokers
↓×Compare
0 of 5| Overall Rating | eToro | Libertex (Forex Club) | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 96 | 73 | |
| Winner | check_circle | ||
| Review | eToro Review |
| Broker Screenshots | eToro | Libertex (Forex Club) | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) |
| ||
| Mobile Trading Gallery (click to expand) |
| ||
| Research Gallery (click to expand) |
| ||
| Education Gallery (click to expand) |
|
| Regulation | eToro | Libertex (Forex Club) | |
|---|---|---|---|
| Trust Score | 96 | 73 | |
| Year Founded | 2007 | 1997 | |
| Publicly Traded (Listed) | Yes | 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) | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 96 | 73 | |
| Winner | check_circle | ||
| Review | eToro Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill