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 is the stronger pick on pricing, earning 5/5 stars for Commissions & Fees and ranking #5 of 63 brokers at ForexBrokers.com (it also won Best in Class for the category in 2024). Libertex (Forex Club) holds a 3/5 star score and ranks #63 of 63. For traders focused on what they’ll actually pay, IC Markets generally provides lower, clearer costs than Libertex.
IC Markets offers three accounts: the commission-free Standard account (EUR/USD around 0.62 pips on average) and two commission-based options, Raw Spread (MT4/MT5) and cTrader Raw Spread. The cTrader account charges $3.00 per side per 100,000 units ($6 round turn), while the MT4/MT5 Raw Spread is $3.50 per side ($7 round turn). With average raw spreads on EUR/USD listed at 0.02 pips, the all-in cost works out to about 0.62 pips on cTrader and 0.72 pips on MetaTrader—highly competitive for frequent traders. IC Markets also has a low minimum deposit for its commission accounts, offers discounts above 100 standard lots per month, and notes that pricing can vary by platform, account type, and its EU, AU, or Seychelles entity.
By comparison, Libertex (Forex Club) does not provide average spread data, making it hard to gauge all-in trading costs. Combined with its 3/5 star rating and #63/63 ranking for Commissions & Fees, that lack of transparency suggests its pricing may be less competitive than leaders in this category. If tight spreads, clear commission schedules, and potential volume discounts are priorities, IC Markets is likely the more cost-focused choice.
| Feature |
IC Markets
|
Libertex (Forex Club)
|
|---|---|---|
| Minimum Deposit | $200 | $10 |
| Average spread (EUR/USD) - Standard account | 0.62 | N/A |
| All-in Cost EUR/USD - Active | 0.62 | N/A |
| Non-wire bank transfer | No | Yes |
| PayPal (Deposit/Withdraw) | Yes | |
| Skrill (Deposit/Withdraw) | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes |
Dive deeper: Best Low Spread Forex Brokers.
IC Markets and Libertex (Forex Club) both support forex trading as CFDs or spot and offer copy trading. Each broker provides cryptocurrency trading via CFDs but does not offer actual (delivered) crypto. Neither broker lets you buy U.S. exchange-traded shares, but IC Markets does allow access to certain international exchange-traded securities, while Libertex (Forex Club) does not.
When it comes to depth, IC Markets lists 3,583 tradeable symbols and 61 forex pairs, compared with 300 symbols and 51 pairs at Libertex (Forex Club). Reflecting this wider selection, IC Markets holds a 4.5-star Range of Investments rating and ranks #26 out of 63 brokers at ForexBrokers.com, while Libertex (Forex Club) earns 3.5 stars and ranks #54. For traders who value more markets and pairs, IC Markets offers greater variety, whereas Libertex (Forex Club) may suit simpler needs.
| 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. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | Yes | No |
| Copy Trading | Yes | Yes |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | 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.
IC Markets and Libertex (Forex Club) both cover the essentials for traders: each offers a free demo account, copy trading, and the ability to trade straight from charts. Both have web and Windows desktop platforms and support MetaTrader 4 (MT4). A key difference is platform choice: IC Markets does not have an in-house platform but supports third-party options and also offers MetaTrader 5 (MT5), while Libertex provides its own proprietary platform but does not support MT5.
Details such as the number of built-in technical indicators and watchlist fields were not specified for either broker. In independent testing, both earned 4 stars for Trading Platforms and Tools, yet IC Markets ranked higher overall (#16 out of 63) than Libertex (#51 out of 63). If you want MT5 and broad third-party platform options, IC Markets fits well; if you prefer a broker-built platform experience, Libertex is the draw.
| Feature |
IC Markets
|
Libertex (Forex Club)
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | No | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | No |
| Charting - Indicators / Studies (Total) | 30 | 15 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Comparing IC Markets vs Libertex (Forex Club) for mobile trading: both brokers offer iPhone and Android apps with price alerts, plus solid charting that includes 30 technical studies and the ability to draw trendlines. This means you can analyze markets and monitor positions on the go regardless of device.
Key differences come down to convenience features. Libertex syncs watchlists between your mobile app and web account, while IC Markets does not. On the other hand, IC Markets auto-saves your chart drawings and annotations, which Libertex lacks. Both earn 4 stars for mobile trading apps, but IC Markets ranks higher with ForexBrokers.com (#22 out of 63) compared to Libertex (#50). Choose IC Markets if keeping your chart edits is important; choose Libertex if synced watchlists across devices matter more.
| Feature |
IC Markets
|
Libertex (Forex Club)
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | No |
Dive deeper: Best Forex Trading Apps.
IC Markets vs Libertex (Forex Club): For market research, IC Markets delivers daily market commentary while Libertex does not. Both brokers stream forex news from top-tier sources. IC Markets stands out with added research tools from Autochartist and Trading Central, plus a built-in sentiment gauge showing long/short positioning—features Libertex lacks. Both provide an economic calendar. IC Markets does not include TipRanks or Acuity Trading tools; availability of TipRanks and Acuity Trading for Libertex was not specified in the provided data.
Based on ForexBrokers.com, IC Markets earns 4 stars for Research and ranks #23 out of 63 brokers, while Libertex (Forex Club) holds 3 stars and ranks #62. If you value daily commentary, technical and sentiment tools, IC Markets offers a more feature-rich research setup. If your needs are mainly timely news and an economic calendar, both brokers cover those essentials.
| Feature |
IC Markets
|
Libertex (Forex Club)
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central | Yes | No |
| Client sentiment data | Yes | No |
| TipRanks | No | |
| Acuity Trading | No | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
IC Markets vs. Libertex (Forex Club): both brokers provide forex and CFD education with at least 10 learning pieces, but they differ in how beginner-friendly that path is. IC Markets runs monthly client webinars and offers 10+ beginner videos alongside 10+ advanced videos, giving new traders a clearer step-by-step start. Libertex delivers 10+ advanced videos, but it does not host monthly webinars and doesn’t reach 10+ beginner videos, so it may suit self-starters with some experience more than first-timers.
Independent ratings reflect this. For Education, IC Markets earns 4 stars and ranks #16 of 63 brokers at ForexBrokers.com, while Libertex holds 3 stars and ranks #58. If you want structured forex and CFD education with regular webinars, IC Markets is the stronger pick; if you already know the basics and want advanced material, Libertex can still fit your needs.
| Feature |
IC Markets
|
Libertex (Forex Club)
|
|---|---|---|
| Webinars | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | Yes |
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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Comparing online brokers IC Markets and Libertex (Forex Club), neither offers the ability to buy actual (delivered) cryptocurrency, but both support trading cryptocurrency CFDs.
Comparing deposit and withdrawal methods, IC Markets supports PayPal, Skrill, and bank wires but not ACH/SEPA, whereas Libertex (Forex Club) does offer ACH/SEPA (other options—such as PayPal, Skrill, Visa/Mastercard, and bank wires—are not specified).
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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| Broker Gallery (click to expand) |
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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) | |||
| 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) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA, FSRA, or SCA Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| 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. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | Yes | No | |
| Copy Trading | Yes | Yes | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | 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 account | 0.62 | N/A | |
| All-in Cost EUR/USD - Active | 0.62 | N/A | |
| Inactivity Fee | No | No | |
| Order execution: Agency | Yes | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | IC Markets | Libertex (Forex Club) | |
|---|---|---|---|
| Minimum Deposit | $200 | $10 | |
| PayPal (Deposit/Withdraw) | Yes | ||
| Skrill (Deposit/Withdraw) | Yes | ||
| Bank Wire (Deposit/Withdraw) | Yes | ||
| Non-wire bank transfer | No | Yes |
| Trading Platforms | IC Markets | Libertex (Forex Club) | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | No | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | Yes | No |
| Trading Tools | IC Markets | Libertex (Forex Club) | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 30 | 15 | |
| 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 Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | No | Yes | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | No | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | IC Markets | Libertex (Forex Club) | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central | Yes | No | |
| TipRanks | No | ||
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | IC Markets | Libertex (Forex Club) | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | Yes |
| Major Forex Pairs | IC Markets | Libertex (Forex Club) | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| 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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