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 commissions and fees, IG and Libertex (Forex Club) offer distinct experiences for traders. IG provides a comprehensive and scalable execution platform that includes various account options beyond the standard market maker account, which is beneficial for executing large orders and benefiting active traders. With its Forex Direct accounts, IG shines through competitive active trader pricing and discounts for high-volume trades. For instance, spreads on its Forex Direct accounts are close to industry averages, with a typical spread of 0.62 pips during July 2023, translating to an all-in cost of 0.82 pips once a commission of 0.2 pips is considered. Even with its average spreads of 0.98 pips globally for CFD accounts in July 2023, and additional tiered rebates for high-volume traders, IG maintains a strong offering. IG stands out in the ForexBrokers.com ranking with a 5-star rating for commissions and fees, placing it at #8 out of 62 brokers.
In contrast, Libertex (Forex Club) doesn't provide specific average spread data in the same detailed manner as IG, making direct comparisons challenging. Nevertheless, it holds a significantly lower position in the ForexBrokers.com rankings, securing only a 3-star rating for commissions and fees. This positions Libertex at #61 out of 62 brokers, indicating a less competitive status in the market concerning fee structures and commissions for traders.
Overall, IG emerges as the more favorable choice particularly for active traders and those dealing in high volumes, due to its detailed rebate structures and competitive spreads through platforms like its Forex Direct account and L2 Dealer platform. While Libertex offers its own trading services, the lack of detailed average spread information and its lower rankings point toward fewer advantages in the commissions and fees category when compared to IG.
| 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 online brokers IG and Libertex (Forex Club), there are several key distinctions to consider. IG offers a massive array of 19,537 tradeable symbols, including 97 forex pairs, making it a go-to for investors seeking diverse options. Clients with IG can trade forex as CFDs or spot contracts. Furthermore, IG extends its offerings to exchange-traded securities on both U.S. and international exchanges, giving traders the ability to invest in shares like Apple and Vodafone directly. While IG does not provide copy trading, it does offer cryptocurrency derivatives for those interested in the digital asset space, though actual cryptocurrency purchase is not available.
In contrast, Libertex (Forex Club) provides 300 tradeable symbols, including 51 forex pairs, with forex available as CFDs or spot contracts. Unlike IG, Libertex does not offer exchange-traded securities on U.S. or international exchanges, limiting direct stock investments. Libertex does feature copy trading, which might appeal to beginners or those looking to emulate other traders' strategies. Much like IG, Libertex allows for trading cryptocurrency derivatives but does not enable the purchase of actual cryptocurrencies. An evaluation from ForexBrokers.com rates IG with 5 stars for its range of investments and ranks it 4th out of 62 brokers, whereas Libertex garners a 3.5-star rating and ranks 53rd.
| 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) | 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 of IG and Libertex (Forex Club), both brokers offer traders a variety of features to enhance the trading experience. IG provides a proprietary platform along with a demo account, ensuring that users can practice without risking real money. Similarly, Libertex also offers its own proprietary platform and demo account. Both brokers accommodate different trading styles with availability on Windows-based desktop and web-based platforms. While IG and Libertex both support MetaTrader 4, they do not offer MetaTrader 5, ZuluTrade, or DupliTrade. However, Libertex has an edge with copy trading, unlike IG.
Charting capabilities differ slightly between the two; IG offers 20 drawing tools, and Libertex surpasses this with 30 drawing tools. Both brokers allow trades to be executed directly from stock charts. For watch lists, IG provides 5 fields, whereas Libertex offers 7, giving users more flexibility with their data organization. Despite Libertex's features, IG scores a higher rating with 5 stars for their platforms and tools, compared to Libertex's 4-star rating. Furthermore, IG is highly ranked at #2 out of 62 brokers reviewed by ForexBrokers.com, while Libertex comes in at #50, indicating a more favorable reputation for IG in this category.
| 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.
When comparing the mobile trading apps of IG and Libertex (Forex Club), both platforms offer well-rounded options for both iPhone and Android users. They provide essential features like stock or forex price alerts and watchlist symbol syncing, allowing users to keep a close eye on market movements and seamlessly switch between devices. For those interested in technical analysis, IG slightly outshines Libertex by offering 33 technical studies compared to 30. Both apps allow trendline drawing and viewing multiple time frames, enhancing users' abilities to analyze market trends.
A key difference lies in IG's ability to auto-save drawings on charts, a feature not available on Libertex. This adds convenience for IG users who engage in complex charting. Additionally, while both platforms enable the creation of watchlists with real-time quotes, IG holds a higher market reputation with a 5-star rating, compared to Libertex's 4-star rating. Recognized as the top-ranked app out of 62 brokers by ForexBrokers.com, IG distinguishes itself, whereas Libertex is positioned at #49. These rankings reflect user satisfaction and feature efficiency, making IG a notable contender for those prioritizing high-performing mobile trading tools.
| 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 it comes to market research, IG and Libertex (Forex Club) present distinct offerings for traders. IG provides a comprehensive suite of research options, including daily market commentary, forex news from premier sources, and various analysis tools from companies like Autochartist and Acuity Trading. In addition, IG provides a sentiment-based trading tool and market insights from TipRanks, amplifying its research prowess. This extensive array of resources earns IG a robust reputation in the research domain, as evidenced by its #2 ranking out of 62 brokers on ForexBrokers.com and an impressive 5-star rating.
Conversely, Libertex (Forex Club) offers forex news from top-tier sources and an economic calendar, but it lacks several research tools available at IG. The absence of daily market commentary, sentiment analysis tools, and resources from companies like Autochartist and Acuity Trading results in a more limited research capability. Ranked #60 out of 62 brokers in the research category and receiving a 3-star rating, Libertex may not appeal to traders who prioritize in-depth research resources. However, for those focusing on basic forex news and economic calendars, it remains a viable option.
| 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.
When it comes to educational resources for beginner traders, IG far surpasses Libertex (Forex Club). For newcomers looking to learn forex and CFD trading, IG provides at least ten educational articles, videos, and webinars focused on these topics. Additionally, IG hosts monthly live webinars that offer real-time learning opportunities and maintains a searchable archive of past sessions, an invaluable resource for continual learning. In contrast, Libertex lacks regularly hosted webinars and does not offer a library of recorded sessions. While both brokers cater to experienced traders with advanced educational videos, IG stands out with a collection specifically tailored for beginners as well. An investor dictionary featuring definitions of over 50 investing terms further enhances IG's offerings, a feature Libertex currently does not provide.
Overall, IG's commitment to investor education is reflected in its 5-star rating and its top ranking among 62 brokers by ForexBrokers.com. This recognition highlights IG's comprehensive approach to supporting traders at every experience level. On the other hand, Libertex's educational resources are more limited, earning it a 3-star rating and ranking it at 57th in the same category. For those prioritizing educational support in their trading journey, IG clearly offers more extensive resources and support than Libertex.
| 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 62 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 #60.
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
|
Libertex (Forex Club)
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 73 |
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Both IG and Libertex (Forex Club) do not provide the option to buy actual (delivered) cryptocurrency, but they do offer opportunities for trading 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) | 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 | 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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