Written by ForexBrokers.com
In this head to head comparison of Interactive Brokers 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.
When comparing Interactive Brokers and Libertex (Forex Club) in terms of regulatory strength and trust ratings, notable differences emerge. Founded in 1977, Interactive Brokers is publicly traded and holds a ForexBrokers.com Trust Score of 99 out of 99, reflecting its high level of trust. This is bolstered by its possession of 9 Tier-1 licenses and 2 Tier-2 licenses. These licenses underscore Interactive Brokers' strong regulatory standing, which is critical for clients looking for a secure trading environment.
In contrast, Libertex (Forex Club), established in 1997 and not listed on a stock exchange, has a ForexBrokers.com Trust Score of 73, indicating an average risk. It holds just 1 Tier-1 license and lacks Tier-2 licenses, which highlights a significant difference in their regulatory credentials compared to Interactive Brokers. Both companies are not banks, but clients looking for highly trusted regulatory oversight might prefer Interactive Brokers due to its extensive licensing and higher trust score.
| Feature |
Interactive Brokers
|
Libertex (Forex Club)
|
|---|---|---|
| Year Founded | 1977 | 1997 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 9 | 1 |
| Tier-2 Licenses | 2 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 0 |
Comparing commissions and fees, Interactive Brokers (IBKR) stands out with a 5-star rating and a #2 ranking out of 63 brokers, while Libertex (Forex Club) holds 3 stars and ranks #63. IBKR publishes detailed pricing and provided Q3 2024 data showing an average EUR/USD spread of 0.19 pips, or about 0.59 pips all-in after commission. Libertex does not provide average spread data, making side-by-side cost analysis less clear.
Interactive Brokers charges a commission rather than marking up the spread. Forex commissions start at 0.00002 of the U.S. dollar trade value per side (minimum $2 per order, or $4 round turn), which equates to roughly $16–$40 per million round turn ($8–$20 per side). On a $100,000 EUR/USD trade, the commission is roughly 0.40 pips on top of the prevailing spread. Note that the $2-per-side minimum means smaller trade sizes can be proportionally pricier, though very active traders can qualify for lower minimums ($1.50 per order above $1B monthly volume, and $1 at $5B). IBKR Lite and IBKR Pro both support forex and both charge commissions.
Libertex (Forex Club) does not publish average spreads, which limits transparency around typical trading costs. Its lower 3-star, #63/63 ranking in the Commissions and Fees category suggests pricing that is generally less competitive than top peers like Interactive Brokers. Traders seeking clear, data-backed costs may find IBKR’s disclosures and volume discounts more appealing.
| Feature |
Interactive Brokers
|
Libertex (Forex Club)
|
|---|---|---|
| Minimum Deposit | $0 | $10 |
| Average Spread EUR/USD - Standard | 0.59 | N/A |
| All-in Cost EUR/USD - Active | 0.65 | N/A |
| Active Trader or VIP Discounts [DELETED] | ||
| Non-wire bank transfer | Yes | Yes |
| PayPal (Deposit/Withdraw) | No | Yes |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) [DELETED] | ||
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Interactive Brokers vs Libertex (Forex Club) shows a clear gap in market access. Interactive Brokers offers about 8,500 tradeable symbols and 90 forex pairs, compared with Libertex’s roughly 300 symbols and 51 forex pairs. Both brokers support forex trading as CFDs or on a spot basis. A key difference is stock access: Interactive Brokers lets you buy exchange-traded shares directly on U.S. and international exchanges (for example, Apple on Nasdaq or Vodafone in London), while Libertex does not offer direct share dealing and instead centers on CFDs.
Product extras also differ. Interactive Brokers supports both actual (delivered) cryptocurrency and crypto derivatives, while Libertex offers only crypto derivatives. Libertex includes copy trading, which Interactive Brokers does not. For sheer variety, ForexBrokers.com rates Interactive Brokers 5 stars and ranks it #1 out of 63 brokers for Range of Investments; Libertex earns 3.5 stars and ranks #54.
| Feature |
Interactive Brokers
|
Libertex (Forex Club)
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 8500 | 300 |
| Forex Pairs (Total) | 90 | 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.
Interactive Brokers and Libertex (Forex Club) both offer free paper trading (demo accounts), proprietary platforms, Windows desktop software, and web-based trading. Each supports trading directly from charts. Key differences: Interactive Brokers does not support copy trading or MetaTrader 4/5, while Libertex enables copy trading and offers MetaTrader 4 (MT4) but not MT5. Support for DupliTrade and ZuluTrade was not specified, and the exact counts for chart indicators, drawing tools, and watch list columns were not provided.
For platform quality, Interactive Brokers is rated 5 stars and ranks #3 out of 63 brokers for Trading Platforms and Tools on ForexBrokers.com, whereas Libertex (Forex Club) is rated 4 stars and ranks #51. If you need copy trading or MT4, Libertex fits. If you want a higher-rated, in-house platform on desktop and web with chart trading and a free demo to practice, Interactive Brokers stands out.
| Feature |
Interactive Brokers
|
Libertex (Forex Club)
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | No |
| DupliTrade [DELETED] | ||
| ZuluTrade [DELETED] | ||
| Charting - Indicators / Studies (Total) | 155 | 15 |
| Charting - Drawing Tools (Total) [DELETED] | ||
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields [DELETED] |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Interactive Brokers and Libertex (Forex Club) both offer iPhone and Android trading apps with handy tools for everyday trading. Each app supports price alerts, synced watchlists that match your online account, and the ability to create real-time quote lists. Both also let you draw trendlines on charts. One caveat: neither app auto-saves your chart drawings, so you’ll need to redo them if you close the chart.
Where they differ most is charting depth and overall ratings. Interactive Brokers packs in 97 technical studies compared with 30 on Libertex, making it better suited for traders who rely on indicators. According to ForexBrokers.com, Interactive Brokers’ mobile app earns 5 stars and ranks #4 out of 63 brokers, while Libertex holds 4 stars and ranks #50. If you want more advanced chart tools and a higher-rated app experience, Interactive Brokers is the stronger pick; for basic mobile trading needs, Libertex covers the essentials.
| Feature |
Interactive Brokers
|
Libertex (Forex Club)
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Watchlist Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 97 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | ||
| Mobile Charting - Trendlines Autosave | No | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Interactive Brokers stands out for market research compared with Libertex (Forex Club). IB provides daily market commentary, top-tier forex news (think Bloomberg/Reuters/Dow Jones), and an economic calendar—while Libertex skips daily commentary but does include high-quality news and a calendar. The difference shows up in independent scores: Interactive Brokers earns 5 stars for Research and ranks #3 out of 63 brokers on ForexBrokers.com, whereas Libertex holds 3 stars and ranks #62.
Tool coverage is another divider. Interactive Brokers includes Trading Central analytics, a sentiment tool showing long/short positioning, TipRanks insights, and Acuity Trading tools (e.g., Signal Centre). Libertex lacks Trading Central and a sentiment tool; Autochartist is not offered by either. Access to TipRanks and Acuity Trading for Libertex is not specified. For traders who value built-in research and actionable analytics, Interactive Brokers delivers a more complete package, while Libertex covers the basics with news and a calendar.
| Feature |
Interactive Brokers
|
Libertex (Forex Club)
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| Client sentiment data | Yes | No |
| TipRanks | Yes | |
| Signal Centre (Acuity Trading) | Yes | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Interactive Brokers stands out for beginner-friendly trading education. It hosts client webinars at least once a month and offers 10+ beginner video lessons, along with a solid set of advanced videos for when you’re ready to level up. On ForexBrokers.com, Interactive Brokers earns 5 stars for Education and ranks #3 out of 63 brokers. Details about a searchable archive of past webinars, a dedicated forex/CFD library of 10+ pieces, or an investor dictionary with 50+ terms were not confirmed.
Libertex (Forex Club) does not run monthly educational webinars and does not meet the bar of 10+ beginner videos. It does, however, provide at least 10 advanced videos for experienced traders. In independent reviews, Libertex receives 3 stars for Education and ranks #58 out of 63 brokers. Information about a forex/CFD education library with 10+ items, a searchable webinar archive, or a 50+ term investor dictionary was not specified.
| Feature |
Interactive Brokers
|
Libertex (Forex Club)
|
|---|---|---|
| Education (Forex or CFDs) | ||
| Webinars | Yes | No |
| Client Webinars (Archived) [DELETED] | ||
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | Yes |
| Investor Dictionary (Glossary) [DELETED] |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that Interactive Brokers is better than Libertex (Forex Club). Interactive Brokers finished with an overall rank of #2, while Libertex (Forex Club) finished with an overall rank of #61.
Interactive Brokers is a highly trusted multi-asset broker with an extensive offering of tradeable global markets. It delivers competitive fees and high-quality research and education, as well as a modern, institutional-grade trading platform suite.
| Feature |
Interactive Brokers
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Libertex (Forex Club)
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|---|---|---|
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| Trust Score | 99 | 73 |
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Interactive Brokers allows users to purchase actual delivered cryptocurrency and cryptocurrency derivatives, while Libertex (Forex Club) only offers the option to buy cryptocurrency derivatives.
Interactive Brokers vs Libertex (Forex Club): both support ACH/SEPA and bank wire deposits/withdrawals, while only Libertex adds PayPal and Skrill, and card (Visa/Mastercard) availability is 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 | Interactive Brokers | Libertex (Forex Club) | |
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| Trust Score | 99 | 73 | |
| Winner | check_circle | ||
| Review | Interactive Brokers Review |
| Broker Screenshots | Interactive Brokers | Libertex (Forex Club) | |
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| Regulation | Interactive Brokers | Libertex (Forex Club) | |
|---|---|---|---|
| Trust Score | 99 | 73 | |
| Year Founded | 1977 | 1997 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 9 | 1 | |
| Tier-2 Licenses | 2 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 0 |
| Tier-1 Licenses (Highly Trusted) | Interactive Brokers | Libertex (Forex Club) | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | Yes | No | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | Yes | ||
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | Yes | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | Interactive Brokers | Libertex (Forex Club) | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA, FSRA, or SCA Authorised) | Yes | No | |
| India (SEBI Authorised) | Yes | No | |
| Jordan (JSC Authorised) |
| Investments | Interactive Brokers | Libertex (Forex Club) | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 8500 | 300 | |
| Forex Pairs (Total) | 90 | 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 | Interactive Brokers | Libertex (Forex Club) | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.59 | N/A | |
| All-in Cost EUR/USD - Active | 0.65 | N/A | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | No | Yes |
| Funding | Interactive Brokers | Libertex (Forex Club) | |
|---|---|---|---|
| Minimum Deposit | $0 | $10 | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | Yes | Yes |
| Trading Platforms | Interactive Brokers | Libertex (Forex Club) | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | No | |
| cTrader | No | No |
| Trading Tools | Interactive Brokers | Libertex (Forex Club) | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 155 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Interactive Brokers | Libertex (Forex Club) | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | Yes | |
| Mobile Charting - Indicators / Studies | 97 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | No | No | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | Interactive Brokers | Libertex (Forex Club) | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | Yes | ||
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Interactive Brokers | Libertex (Forex Club) | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | Yes |
| Major Forex Pairs | Interactive Brokers | 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 | Interactive Brokers Review |
| Overall | Interactive Brokers | Libertex (Forex Club) | |
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| Trust Score | 99 | 73 | |
| Winner | check_circle | ||
| Review | Interactive Brokers Review |
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