Written by ForexBrokers.com
In this head to head comparison of IG 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.
IG, established in 1974, stands as a highly reputed online broker with a ForexBrokers.com Trust Score of 99, indicating a top-level of trustworthiness. Publicly traded and functioning as a bank, IG further solidifies its credibility with 8 Tier-1 licenses and 2 Tier-2 licenses, showcasing a strong regulatory foundation that assures investors worldwide. Such attributes contribute to IG's reputation for reliability and safety in the online trading world.
On the other hand, Libertex (Forex Club), founded in 1997, has a ForexBrokers.com Trust Score of 73, placing it in the average risk category. Unlike IG, Libertex is not publicly traded nor operates as a bank. It holds only 1 Tier-1 license and lacks any Tier-2 licenses, which may raise concerns among cautious traders. Despite these distinctions, Libertex continues to serve a global clientele, appealing to those who prioritize other factors such as trading platforms and user experience.
| Feature |
IG
|
Libertex (Forex Club)
|
|---|---|---|
| Year Founded | 1974 | 1997 |
| Publicly Traded (Listed) | Yes | No |
| Bank | Yes | No |
| Tier-1 Licenses | 8 | 1 |
| Tier-2 Licenses | 2 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
When it comes to evaluating online brokers based on commissions and fees, both IG and Libertex (Forex Club) present distinct offerings. IG is a prominent player with a wealth of options and competitive pricing intended for active traders. They offer multiple execution methods and a Forex Direct account, providing a direct market access feature with significant discounts on trading costs. During July 2023, IG's main Forex Direct account had average spreads of 0.62 pips, culminating in an all-in cost of 0.82 pips after accounting for commissions. For standard CFD accounts, IG's spreads were slightly better than the industry average, standing at 0.69 pips during peak trading hours. Additionally, IG rewards traders with substantial monthly trading volumes through tiered rebate programs, making their services particularly attractive to volume traders.
In contrast, Libertex (Forex Club) does not provide average spread data to offer a detailed comparison against IG. This lack of transparency might make it difficult for traders to evaluate the cost-effectiveness of their trading. Without precise spread information, potential customers may find it challenging to gauge the exact expenses associated with using Libertex for their trading activities. While Libertex offers other appealing attributes, the absence of clear data on spreads might deter those seeking a comprehensive understanding of their trading fees and costs.
In the realm of commission and fee ratings, IG stands out with a 5-star rating, earning them the 8th spot out of 63 brokers as ranked by ForexBrokers.com. Libertex, however, trails with a 3-star rating, placing them at the 62nd position in the same ranking. This distinction underscores IG's superiority in offering cost-efficient trading solutions, especially for those focused on comprehensive pricing transparency and potential rebates through high trading volumes.
| Feature |
IG
|
Libertex (Forex Club)
|
|---|---|---|
| Minimum Deposit | £250.00 | $10 |
| Average Spread EUR/USD - Standard | 0.98 | N/A |
| All-in Cost EUR/USD - Active | 0.82 | N/A |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | Yes | Yes |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | No | 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 IG and Libertex (Forex Club), IG clearly stands out with a significantly larger selection. With 19,537 tradeable symbols and 97 forex pairs, IG provides a vast array of options for traders. In contrast, Libertex offers 300 tradeable symbols and 51 forex pairs, delivering a narrower range of choices. One notable advantage of IG is its provision of exchange-traded securities on both U.S. and international exchanges, which allows clients to directly buy shares like Apple and Vodafone. Libertex, however, does not support trading exchange-traded securities, limiting its offerings to CFD trading and crypto derivatives.
In terms of cryptocurrency, IG allows clients to buy actual digital currencies, while both brokers offer trading of cryptocurrency derivatives. A unique feature of Libertex is its support for copy trading, which can be attractive for investors looking to mimic successful strategies. Despite this, IG receives a high rating of 5 stars for its range of investments, ranking 4th among 63 brokers according to ForexBrokers.com. Libertex receives a lower rating of 3.5 stars, reflecting a rank of 53rd, which underlines IG’s broader investment appeal. Overall, IG is better suited for those seeking a comprehensive and diverse trading experience.
| Feature |
IG
|
Libertex (Forex Club)
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 19537 | 300 |
| Forex Pairs (Total) | 97 | 51 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | No | 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.
Both IG and Libertex (Forex Club) provide traders with comprehensive platforms and tools, catering to a variety of needs. IG and Libertex both offer simulated trading through free virtual demo accounts and proprietary platforms developed in-house. They also provide Windows-based desktop platforms and web-based trading platforms, enhancing accessibility and convenience for users. Furthermore, both brokers support the popular MetaTrader 4 (MT4), yet neither offers MetaTrader 5 (MT5), DupliTrade, or ZuluTrade. When it comes to trading directly from stock charts, both IG and Libertex grant this capability, making the trading process seamless and efficient.
While both brokers excel in their offerings, there are notable differences. IG does not support copy trading, whereas Libertex includes this option, catering to traders looking to replicate the strategies of others. IG provides 20 drawing tools for charting, while Libertex offers 30, giving users greater flexibility in chart analysis. Additionally, Libertex supports seven columns for watch lists, two more than IG's five. Despite these strengths, IG outshines Libertex with a top rating of five stars for its trading platforms and tools, compared to Libertex's four stars, and is ranked second out of 63 brokers by ForexBrokers.com. Libertex holds the 50th position, indicating room for improvement in its trading platform and tools.
| Feature |
IG
|
Libertex (Forex Club)
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | No | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 33 | 15 |
| Charting - Drawing Tools (Total) | 20 | 30 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 5 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both IG and Libertex (Forex Club) provide versatile mobile trading apps available for iPhone and Android users, featuring essential trading tools such as price alerts and watchlist symbol syncing with their online accounts. IG's app leads with 33 technical studies for charting, slightly more than the 30 offered by Libertex. Both apps allow users to draw trendlines and view multiple time frames on stock or forex charts. However, IG differentiates itself by automatically saving chart drawings, a feature not found in Libertex's app.
In terms of additional features, both apps support creating watchlists with real-time quotes. Despite these similarities, IG’s app stands out with a perfect 5-star rating for mobile trading, ranking it first among 63 brokers according to ForexBrokers.com. In contrast, Libertex earns a 4-star rating and ranks 49th, indicating a robust but slightly less refined mobile experience compared to IG.
| Feature |
IG
|
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 | 33 | 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 IG and Libertex (Forex Club) in terms of market research offerings, IG provides a more comprehensive array of tools and resources. IG delivers daily market commentary and offers forex news from top-tier sources like Bloomberg and Reuters, ensuring traders have access to timely information. It also supports technical analysis and fundamental research tools from Autochartist, alongside sentiment-based trading tools and market insights from TipRanks and Acuity Trading. Furthermore, IG includes an economic calendar that highlights important global news events. This extensive suite of tools helps explain why IG earns a sterling rating of 5 stars for research and ranks 2nd among 63 brokers on ForexBrokers.com.
On the other hand, Libertex, while offering forex news from esteemed sources such as Bloomberg and Reuters, does not provide daily market commentary or utilize widespread technical analysis tools like Autochartist or sentiment-based trading tools. Its economic calendar is on par with IG's, displaying global news events, yet it lacks resources from TipRanks and Acuity Trading. With a research rating of 3 stars and a rank of 61 out of 63 brokers, Libertex's market research offerings are notably less comprehensive compared to IG, catering to users who may not require extensive research tools.
| Feature |
IG
|
Libertex (Forex Club)
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | Yes | No |
| Signal Centre (Acuity Trading) | Yes | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginners venturing into forex and CFD trading, choosing a broker with comprehensive educational resources can be crucial. IG stands out as a leader in this area, offering a broad range of educational materials specifically designed for both beginners and advanced traders. They provide over 10 educational pieces on forex and CFDs, including articles and videos. Additionally, IG hosts monthly educational webinars and maintains a searchable archive of past webinars, ensuring that learning opportunities are accessible anytime. The broker further supports beginners with over 10 specialized videos, coupled with an extensive investor dictionary of over 50 terms. Their commitment to education has earned them a stellar 5-star rating and the top ranking for education among 63 brokers.
In contrast, Libertex (Forex Club) also provides educational content with over 10 pieces focused on forex and CFDs, yet they fall short in some areas compared to IG. While they do feature advanced educational videos for experienced traders, they lack monthly webinars and searchable archives of past sessions. Beginner traders may find it limiting, as there are fewer video resources tailored specifically for novices, and no comprehensive investor dictionary is available. Reflecting these gaps, Libertex receives a 3-star rating for education and ranks 57th out of 63 brokers. When comparing both brokers, IG emerges as the more supportive option for beginners looking to enhance their trading knowledge and skills.
| Feature |
IG
|
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 IG is better than Libertex (Forex Club). IG finished with an overall rank of #1, while Libertex (Forex Club) finished with an overall rank of #61.
IG offers the ultimate comprehensive trading package, featuring excellent trading and research tools, industry-leading education, and an extensive range of tradeable markets.
| Feature |
IG
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Libertex (Forex Club)
|
|---|---|---|
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| Trust Score | 99 | 73 |
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When comparing online brokers IG and Libertex (Forex Club) in the realm of cryptocurrency trading, IG stands out by offering both the ability to buy actual (delivered) cryptocurrency and cryptocurrency derivatives, whereas Libertex (Forex Club) provides only the ability to trade cryptocurrency derivatives.
Both IG and Libertex (Forex Club) support ACH and SEPA transfers, as well as PayPal and bank wires for depositing and withdrawing funds, but IG uniquely offers Visa or Mastercard options, whereas Libertex (Forex Club) provides the additional option of using Skrill.
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 | IG | Libertex (Forex Club) | |
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| Trust Score | 99 | 73 | |
| Winner | check_circle | ||
| Review | IG Review |
| Broker Screenshots | IG | Libertex (Forex Club) | |
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| Regulation | IG | Libertex (Forex Club) | |
|---|---|---|---|
| Trust Score | 99 | 73 | |
| Year Founded | 1974 | 1997 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 8 | 1 | |
| Tier-2 Licenses | 2 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | IG | Libertex (Forex Club) | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | Yes | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | Yes | No | |
| New Zealand (FMA Authorised) | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | IG | Libertex (Forex Club) | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | IG | Libertex (Forex Club) | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 19537 | 300 | |
| Forex Pairs (Total) | 97 | 51 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | No | 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 | IG | Libertex (Forex Club) | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.98 | N/A | |
| All-in Cost EUR/USD - Active | 0.82 | N/A | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | IG | Libertex (Forex Club) | |
|---|---|---|---|
| Minimum Deposit | £250.00 | $10 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | No | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | Yes |
| Trading Platforms | IG | Libertex (Forex Club) | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | No | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | IG | Libertex (Forex Club) | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 5 | 7 | |
| Charting - Indicators / Studies (Total) | 33 | 15 | |
| Charting - Drawing Tools (Total) | 20 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | IG | 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 | 33 | 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 | IG | Libertex (Forex Club) | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | Yes | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | IG | 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 | IG | 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 | IG Review |
| Overall | IG | Libertex (Forex Club) | |
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| Trust Score | 99 | 73 | |
| Winner | check_circle | ||
| Review | IG Review |
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