Written by ForexBrokers.com
In this head to head comparison of IC Markets 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.
IC Markets, established in 2007, and Libertex (Forex Club), founded in 1997, are both online brokers that operate without being publicly traded or functioning as banks. When it comes to regulatory credentials, IC Markets holds a superior position with two Tier-1 licenses, which are highly trusted according to ForexBrokers.com. In comparison, Libertex (Forex Club) has one Tier-1 license. Neither broker holds any Tier-2 licenses.
Focusing on trust ratings, IC Markets earns an 84 out of 99 on the ForexBrokers.com Trust Score, categorizing them as a trusted broker. Meanwhile, Libertex (Forex Club) receives a score of 73, placing them at an average risk level. These scores and licenses offer potential traders valuable insight into the regulatory framework and trustworthiness of both brokers.
| Feature |
IC Markets
|
Libertex (Forex Club)
|
|---|---|---|
| Year Founded | 2007 | 1997 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 3 | 0 |
IC Markets offers competitive trading costs that make it stand out among low-cost forex brokers. With a selection of accounts to choose from, including the Standard account with no commissions and the Raw Spread and cTrader Raw Spread accounts with low commissions, IC Markets provides options for different trading preferences. Particularly notable is the cTrader Raw Spread account, which offers a slightly lower commission than its MetaTrader counterparts. IC Markets, rated 5 stars for its commissions and fees, is an attractive choice for traders seeking affordability, achieving a #5 ranking out of 63 brokers in this category according to ForexBrokers.com.
In contrast, Libertex (Forex Club) does not provide average spread data, making it less transparent about its potential trading costs. As a result, it earns a lower 3-star rating for its commissions and fees. Its ranking at #62 out of 63 brokers in this category highlights that it might not be the best choice for those prioritizing competitive pricing.
In summary, IC Markets emerges as a more cost-effective option compared to Libertex, with its transparent pricing and high rating for commissions and fees. IC Markets' appeal is further enhanced by potential discounts for high-volume traders, adding an extra layer of value not clearly defined by Libertex. Therefore, traders looking for a cost-efficient broker might find IC Markets more aligned with their needs.
| Feature |
IC Markets
|
Libertex (Forex Club)
|
|---|---|---|
| Minimum Deposit | $200 | $10 |
| Average Spread EUR/USD - Standard | 0.62 | N/A |
| All-in Cost EUR/USD - Active | 0.62 | N/A |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | No | 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 between IC Markets and Libertex (Forex Club), there are notable differences in what each platform offers. IC Markets provides an impressive selection, featuring 3,583 tradeable symbols, including 61 forex pairs. In contrast, Libertex offers 300 symbols and 51 forex pairs. Both brokerages facilitate forex trading through CFD or spot contracts and support copy trading. However, only IC Markets permits trading in exchange-traded securities on international exchanges, whereas Libertex does not offer this feature.
Neither broker allows the purchase of actual cryptocurrencies, focusing instead on cryptocurrency derivatives. Despite these similarities, IC Markets stands out with a ranking of 25th in the Range of Investments category by ForexBrokers.com, boasting a rating of 4.5 stars. Libertex, meanwhile, ranks 53rd and is rated with 3.5 stars. These ratings reflect IC Markets' more extensive offering, making it a favorable choice for traders seeking a broader investment range.
| Feature |
IC Markets
|
Libertex (Forex Club)
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 3583 | 300 |
| Forex Pairs (Total) | 61 | 51 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | Yes | 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.
When comparing the trading platforms and tools offered by IC Markets and Libertex, both brokers provide users with a range of features that cater to diverse trading needs. IC Markets and Libertex both offer simulated trading through virtual demo accounts, allowing traders to practice without financial risk. However, while Libertex boasts a proprietary platform, IC Markets relies on third-party platforms, including MetaTrader 4 and 5. Notably, IC Markets supports both MetaTrader versions, whereas Libertex only supports MT4. Both brokers offer platforms on Windows and web-based options, ensuring flexibility for traders who can access detailed charting capabilities on both platforms. For those interested in social trading, IC Markets offers ZuluTrade, but neither broker supports DupliTrade. Additionally, IC Markets provides 15 drawing tools, while Libertex offers a more extensive selection with 30 distinct tools for charting.
Both IC Markets and Libertex allow trading directly from stock charts and offer watch lists with seven fields, aiding in efficient market monitoring. Despite these similar features, IC Markets stands out in rankings, being placed at #16 by ForexBrokers.com for Trading Platforms and Tools, compared to Libertex’s rank of #50. Both brokers receive a commendable rating of 4 stars for their platforms and tools, underlining their ability to meet trader demands effectively. While IC Markets may have a broader appeal, Libertex's proprietary platform could be attractive to beginners or those looking for a unique trading experience. In conclusion, the choice between these brokers can hinge on individual preferences and the specific features a trader values most.
| Feature |
IC Markets
|
Libertex (Forex Club)
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | No | No |
| ZuluTrade | Yes | No |
| Charting - Indicators / Studies (Total) | 30 | 15 |
| Charting - Drawing Tools (Total) | 15 | 30 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both IC Markets and Libertex offer mobile trading apps that are compatible with iPhone and Android devices, providing traders with easy access to the markets on the go. They each offer important features like stock and forex price alerts and the functionality to draw trendlines on charts. However, one key difference between the two is in watchlist syncing. While Libertex supports the syncing of watchlist symbols across devices, IC Markets does not. This functionality ensures that users of Libertex have their watchlists updated seamlessly between their mobile app and online account, enhancing convenience.
When it comes to technical charting capabilities, both brokers offer 30 technical studies, and both allow users to view multiple time frames on charts. IC Markets takes a slight edge with its ability to auto-save drawings, a feature not currently available with Libertex. Both platforms enable the creation of watchlists with real-time quotes. In terms of ratings, both apps receive four stars, but IC Markets holds a higher position at #22 compared to Libertex's #49 in the Mobile Trading Apps category, according to ForexBrokers.com.
| Feature |
IC Markets
|
Libertex (Forex Club)
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | 30 | 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 online brokers IC Markets and Libertex (Forex Club), notable differences emerge in the resources each platform provides to forex traders. IC Markets stands out with its daily market commentary and comprehensive forex news sourced from top-tier platforms like Bloomberg and Reuters. It excels in providing advanced technical analysis and research tools from well-regarded companies such as Autochartist and Trading Central. Additionally, IC Markets offers a sentiment-based trading tool, giving users insights into market positions. Both brokers include an economic calendar to track global economic events, but IC Markets rates higher in overall research services, earning a four-star rating compared to Libertex's three stars.
Libertex (Forex Club), while delivering credible forex news from top-tier sources and an economic calendar, lacks depth in additional research tools and market commentary when juxtaposed with IC Markets. Notably, it does not offer advanced tools like those from Autochartist or Trading Central, nor does it provide sentiment analysis tools, which can be pivotal for informed trading decisions. This disparity is reflected in their ratings, with IC Markets ranked as the 23rd best broker for research among 63, whereas Libertex finds itself at the 61st position. Overall, traders seeking comprehensive market analysis and research may find IC Markets to be the more advantageous choice.
| Feature |
IC Markets
|
Libertex (Forex Club)
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When considering educational resources for forex and CFDs trading, IC Markets stands out for beginners. It offers a comprehensive range of educational materials, including articles, videos, and archived webinars, helping newcomers get to grips with the trading world. IC Markets also hosts regular monthly webinars, which are recorded and searchable for later viewing. The broker provides a strong selection of videos specifically catered to beginners, ensuring a smooth start to trading. An investor dictionary with more than 50 terms adds value by helping newcomers understand complex trading jargon. With a 4-star rating in education and a rank of 16 out of 63 brokers by ForexBrokers.com, IC Markets proves to be a supportive platform for learning.
In contrast, Libertex (Forex Club) offers a moderate selection of educational resources for those starting in forex and CFDs trading. While they provide more than ten educational pieces and advanced videos for experienced traders, they do not hold regular educational webinars for clients, nor do they possess a searchable archive of recorded webinars. Beginners might find the lack of a comprehensive video library specifically tailored to them and the absence of an investor dictionary somewhat limiting. Rated 3 stars for education and positioned at 57 out of 63 brokers by ForexBrokers.com, Libertex presents fewer learning opportunities compared to IC Markets, potentially making it a less ideal choice for new traders seeking extensive educational support.
| Feature |
IC Markets
|
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 IC Markets is better than Libertex (Forex Club). IC Markets finished with an overall rank of #20, while Libertex (Forex Club) finished with an overall rank of #61.
IC Markets’ competitive pricing and scalable execution make it an excellent option for algorithmic traders. Though it supports an impressive range of third-party tools and plugins, IC Markets’ research and education offerings are not as impressive as those offered by industry leaders.
| Feature |
IC Markets
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Libertex (Forex Club)
|
|---|---|---|
| Overall Rating |
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| Trust Score | 84 | 73 |
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Both IC Markets and Libertex (Forex Club) do not provide the option to purchase actual delivered cryptocurrencies, but they do offer the ability to trade cryptocurrency derivatives.
When comparing online brokers IC Markets and Libertex (Forex Club), IC Markets supports PayPal, Skrill, Visa/Mastercard, and bank wires but lacks ACH or SEPA transfers, while Libertex (Forex Club) offers ACH, SEPA, PayPal, Skrill, and bank wires but not Visa or Mastercard options for depositing or withdrawing funds.
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 | IC Markets | Libertex (Forex Club) | |
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| Trust Score | 84 | 73 | |
| Winner | check_circle | ||
| Review | IC Markets Review |
| Broker Screenshots | IC Markets | Libertex (Forex Club) | |
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| Regulation | IC Markets | Libertex (Forex Club) | |
|---|---|---|---|
| Trust Score | 84 | 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 | 2 | 1 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 3 | 0 |
| Tier-1 Licenses (Highly Trusted) | IC Markets | 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) | No | 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) | IC Markets | 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 | IC Markets | Libertex (Forex Club) | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 3583 | 300 | |
| Forex Pairs (Total) | 61 | 51 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | Yes | 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 | IC Markets | Libertex (Forex Club) | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.62 | N/A | |
| All-in Cost EUR/USD - Active | 0.62 | N/A | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | IC Markets | Libertex (Forex Club) | |
|---|---|---|---|
| Minimum Deposit | $200 | $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 | No | Yes |
| Trading Platforms | IC Markets | Libertex (Forex Club) | |
|---|---|---|---|
| Proprietary Platform | No | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | Yes | No | |
| DupliTrade | No | No | |
| ZuluTrade | Yes | No |
| Trading Tools | IC Markets | Libertex (Forex Club) | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 30 | 15 | |
| Charting - Drawing Tools (Total) | 15 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | IC Markets | Libertex (Forex Club) | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | Yes | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | IC Markets | Libertex (Forex Club) | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | IC Markets | 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 | IC Markets | 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 | IC Markets Review |
| Overall | IC Markets | Libertex (Forex Club) | |
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| Trust Score | 84 | 73 | |
| Winner | check_circle | ||
| Review | IC Markets Review |
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