Written by ForexBrokers.com
In this head to head comparison of iFOREX vs Libertex (Forex Club), we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
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iFOREX and Libertex (Forex Club) both offer online trading platforms for Forex trading and were established in the late 1990s, with iFOREX launching in 1996 and Libertex in 1997. Neither of these platforms is listed on a stock exchange, nor do they operate as banks. When examining their credibility, both brokers hold one Tier-1 license, indicating a high level of trust according to ForexBrokers.com. However, neither holds a Tier-2 license, which could bolster their trustworthiness even further.
When it comes to Trust Score ratings by ForexBrokers.com, iFOREX scores a 75, suggesting it falls under the "average risk" category. Libertex (Forex Club), on the other hand, has a slightly lower rating of 73, placing it in the same risk bracket. This rating system indicates that while both brokers are viable options, prospective investors should proceed with a balanced understanding of their respective trust scores. Ultimately, these scores suggest that iFOREX may have a slight edge in trustworthiness between the two.
| Feature |
iFOREX
|
Libertex (Forex Club)
|
|---|---|---|
| Year Founded | 1996 | 1997 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 1 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
When comparing iFOREX and Libertex (Forex Club) regarding commissions and fees, both platforms receive an equivalent evaluation, each earning a 3-star rating for this category. Despite the lack of available average spread data, traders may need to consider other aspects as there is insufficient details to gauge how competitive these brokers are in terms of costs.
iFOREX is positioned slightly higher than Libertex (Forex Club) in terms of ranking, placing #61 out of 63 brokers by ForexBrokers.com. Conversely, Libertex (Forex Club) is ranked #62 out of the same 63 brokers. This close ranking suggests that there may be minimal differences between the two brokers concerning commissions and fees but highlights an area of opportunity for improvement for both platforms.
Choosing between iFOREX and Libertex (Forex Club) might ultimately depend on other factors beyond commissions and fees, given their similar ratings and rankings. Prospective investors should research additional features like platform interface, available trading instruments, customer service, and educational resources to make a more informed decision.
| Feature |
iFOREX
|
Libertex (Forex Club)
|
|---|---|---|
| Minimum Deposit | $100 | $10 |
| Average Spread EUR/USD - Standard | N/A | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | No | 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 iFOREX and Libertex (Forex Club) in terms of available investment options, both brokers offer a wide array of choices, though some differences do stand out. iFOREX provides access to a larger variety of tradeable symbols with a total of 750, compared to Libertex's 300. In terms of forex pairs, iFOREX also holds the advantage, offering 88 pairs, while Libertex offers 51. Both platforms allow for forex trading as CFDs but neither provide the option to invest in exchange-traded securities on U.S. or international exchanges directly. For investors interested in cryptocurrency, both iFOREX and Libertex enable trading in cryptocurrency derivatives rather than actual cryptocurrencies.
Copy trading is an area where Libertex (Forex Club) shines, offering this feature to their clients, unlike iFOREX. When looking at overall rankings in the range of investment options, iFOREX slightly edges out Libertex, securing the #41 spot in ForexBrokers.com's ranking while Libertex stands at #53. Both brokers, however, attain similar ratings, each receiving 3.5 stars for their range of investments. This suggests that while iFOREX might offer a broader selection in certain categories, both platforms provide comparable investment experiences for traders.
| Feature |
iFOREX
|
Libertex (Forex Club)
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 750 | 300 |
| Forex Pairs (Total) | 88 | 51 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | No | 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 iFOREX and Libertex (Forex Club) in terms of their trading platforms and tools, several differences and similarities arise. Both brokers offer proprietary platforms that cater to their unique user base, with web-based trading solutions accessible through any browser. However, iFOREX does not provide a Windows-based desktop platform or support popular systems like MetaTrader 4 or MetaTrader 5, unlike Libertex, which extends its capabilities to include a Windows download option and MetaTrader 4, enhancing its appeal to traders familiar with these industry-standard platforms. Additionally, Libertex stands out with its provision of a free virtual demo account for paper trading and offers copy trading features, whereas iFOREX lacks both these offerings, potentially influencing a trader's decision based on their preferences for practice trading and social trading options.
In terms of charting tools, iFOREX provides 25 drawing tools while Libertex offers a slightly higher 30, allowing for diverse technical analysis opportunities. Both brokers enable trading directly from stock charts, offering seamless trading experiences. When it comes to watch lists, iFOREX accommodates more fields with nine columns, compared to Libertex's seven. Despite these varied features, both platforms receive an identical rating of 4 stars for trading platforms and tools. Ranking-wise, Libertex holds a modest advantage at #50, while iFOREX is positioned at #54 out of 63 brokers, suggesting a slightly better user experience and toolset for Libertex based on broader evaluations.
| Feature |
iFOREX
|
Libertex (Forex Club)
|
|---|---|---|
| Virtual Trading (Demo) | No | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | No | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 57 | 15 |
| Charting - Drawing Tools (Total) | 25 | 30 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 9 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading, both iFOREX and Libertex (Forex Club) offer apps that cater to iPhone and Android users. However, examining their features shows some key differences. iFOREX's app, while rated with a solid four stars, lacks several advanced functions that traders might find essential. It does not support stock or forex price alerts, nor does it offer syncing for watchlists and accounts, limiting real-time data management. Customization options on iFOREX's charts are limited, as users cannot add technical studies, draw trendlines, view multiple time frames, or create watchlists with real-time quotes.
On the other hand, Libertex (Forex Club) also boasts a four-star rating but has a more comprehensive suite of features tailored for active traders. Users can benefit from stock and forex price alerts, seamless syncing of watchlists between their mobile app and online accounts, and the ability to draw trendlines on charts. Additionally, it supports 30 different technical studies and offers various time frames for in-depth analysis. While neither platform automatically saves drawings on charts, Libertex stands out as a robust choice for those needing real-time functionalities and better charting capabilities. This mirrors its slightly higher ranking at #49 compared to iFOREX's #55 by ForexBrokers.com.
| Feature |
iFOREX
|
Libertex (Forex Club)
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | No | Yes |
| Watchlist Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | N/A | 30 |
| Mobile Charting - Draw Trendlines | No | Yes |
| Mobile Charting - Multiple Time Frames | No | Yes |
| Mobile Charting - Drawings Autosave | No | No |
| Mobile Watchlist | No | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing iFOREX and Libertex (also known as Forex Club) in terms of market research offerings, both brokers present unique strengths. iFOREX provides traders with daily market commentary and access to Trading Central's technical analysis tools. Additionally, iFOREX includes a sentiment-based trading tool, which provides insight into long and short position ratios across currency pairs and other instruments. They also offer an economic calendar to track global economic events, which is crucial for informed trading decisions. While iFOREX doesn't offer news from premier sources like Bloomberg or Reuters, its research features have earned it a 3.5-star rating in the research category according to ForexBrokers.com, placing it at rank 48 out of 63 brokers.
In contrast, Libertex offers forex news from top-tier sources such as Bloomberg and Reuters, supplying traders with critical information from trusted news outlets. However, unlike iFOREX, Libertex does not provide daily market commentary or Trading Central tools and lacks a sentiment-based trading tool. Like iFOREX, Libertex does offer an economic calendar. Despite its news offerings, Libertex has a slightly lower research rating of 3 stars, which ranks it at 61 out of 63 brokers analyzed by ForexBrokers.com. This comparison highlights iFOREX's advantage in providing more diverse research tools, while Libertex shines with its access to high-quality news sources.
| Feature |
iFOREX
|
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 | No | 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 beginners, iFOREX and Libertex (Forex Club) each have unique offerings tailored to new traders. iFOREX provides a suite of beginner educational videos, with at least 10 focused on core trading concepts, ensuring newcomers have easy access to fundamental trading knowledge. However, iFOREX does not offer a comprehensive suite of general forex or CFD educational materials, nor monthly webinars or archives of previous sessions. This approach might appeal to beginners seeking straightforward video content, but it limits their exposure to diverse learning formats such as articles or webinars. Despite these limitations, iFOREX earns a 3.5-star rating for education, reflecting its specific focus on providing accessible video content.
On the other hand, Libertex (Forex Club) offers more in-depth educational content on forex and CFDs, surpassing the minimum of 10 pieces, including articles and videos. This focus allows beginners to dive into various aspects of trading strategies, although the lack of beginner-focused video content might be a downside for visual learners. Advanced traders can benefit from Libertex's advanced educational video offerings, which add depth to their learning journey. Despite the absence of regular webinars or a rich educational video library for beginners, Libertex maintains a 3-star rating for education. Although both brokers are ranked towards the bottom of the list by ForexBrokers.com, iFOREX is placed higher than Libertex, indicating its slight advantage in educational offerings for newcomers.
| Feature |
iFOREX
|
Libertex (Forex Club)
|
|---|---|---|
| Education (Forex or CFDs) | No | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | No | Yes |
| Investor Dictionary (Glossary) | No | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that iFOREX is better than Libertex (Forex Club). iFOREX finished with an overall rank of #52, while Libertex (Forex Club) finished with an overall rank of #61.
iFOREX is operated by a long-standing company, previously known as Vestle, with regulatory status in a growing number of jurisdictions, offering forex and CFDs through its proprietary platform. The biggest drawback is the lack of markets you can trade with fewer than 200, compared to the best multi asset forex and CFD brokers.
| Feature |
iFOREX
|
Libertex (Forex Club)
|
|---|---|---|
| Overall Rating |
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| Trust Score | 75 | 73 |
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Both iFOREX and Libertex (Forex Club) do not offer the ability to buy actual (delivered) cryptocurrency, but they do provide the option to purchase cryptocurrency derivatives.
When comparing iFOREX and Libertex (Forex Club), iFOREX offers options like PayPal, Skrill, Visa/Mastercard, and bank wires for deposits and withdrawals but lacks ACH or SEPA transfers, whereas Libertex supports ACH/SEPA transfers, PayPal, Skrill, and bank wires, but not Visa/Mastercard.
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 | iFOREX | Libertex (Forex Club) | |
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| Trust Score | 75 | 73 | |
| Winner | check_circle | ||
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| Broker Screenshots | iFOREX | Libertex (Forex Club) | |
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| Regulation | iFOREX | Libertex (Forex Club) | |
|---|---|---|---|
| Trust Score | 75 | 73 | |
| Year Founded | 1996 | 1997 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 1 | 1 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | iFOREX | Libertex (Forex Club) | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | 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) | iFOREX | 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 | iFOREX | Libertex (Forex Club) | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 750 | 300 | |
| Forex Pairs (Total) | 88 | 51 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | No | 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 | iFOREX | Libertex (Forex Club) | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | iFOREX | Libertex (Forex Club) | |
|---|---|---|---|
| Minimum Deposit | $100 | $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 | iFOREX | Libertex (Forex Club) | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | No | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | iFOREX | Libertex (Forex Club) | |
|---|---|---|---|
| Virtual Trading (Demo) | No | Yes | |
| Alerts - Basic Fields | No | Yes | |
| Watchlists - Total Fields | 9 | 7 | |
| Charting - Indicators / Studies (Total) | 57 | 15 | |
| Charting - Drawing Tools (Total) | 25 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | No | Yes |
| Mobile Trading | iFOREX | Libertex (Forex Club) | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | No | Yes | |
| Mobile Watchlist | No | Yes | |
| Watchlist Syncing | No | Yes | |
| Mobile Charting - Indicators / Studies | N/A | 30 | |
| Mobile Charting - Draw Trendlines | No | Yes | |
| Mobile Charting - Multiple Time Frames | No | Yes | |
| Mobile Charting - Drawings Autosave | No | No | |
| Mobile Economic Calendar | No | Yes |
| Research | iFOREX | Libertex (Forex Club) | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | iFOREX | Libertex (Forex Club) | |
|---|---|---|---|
| Education (Forex or CFDs) | No | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | No | Yes | |
| Investor Dictionary (Glossary) | No | No |
| Major Forex Pairs | iFOREX | 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 |
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| Trust Score | 75 | 73 | |
| Winner | check_circle | ||
| Review |
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