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.
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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 |
When comparing Interactive Brokers and Libertex (Forex Club) in terms of commissions and fees, Interactive Brokers stands out with a 5-star rating and a second place ranking among 63 brokers in the Commissions and Fees category according to ForexBrokers.com. In contrast, Libertex (Forex Club) receives a 3-star rating and ranks much lower, at 62nd place. For forex trading, Interactive Brokers offers a competitive pricing structure, though they do not publish their average spreads. For example, during Q3 2024, the average spread for the EUR/USD pair was 0.19 pips, with an all-in spread of 0.59 pips after commission. Commissions at Interactive Brokers start at 0.2 basis points, with a minimum of $2 per order, reducing significantly for exceptionally active traders.
Interactive Brokers' pricing model is advantageous for active forex traders. Discounts are applied when substantial monthly trading volumes are achieved, dropping the minimum charge from $2 to $1 per order for those trading over $5 billion monthly. The broker uses an agency execution model, accumulating prices from 17 large interbank forex dealers, with fees ranging from $16 to $40 per million round turn. This structure, combined with the ability to handle large order sizes on a Request For Quote (RFQ) basis, offers flexibility and cost savings for traders managing significant volumes.
In contrast, Libertex (Forex Club) does not provide average spread data, making it challenging to assess its competitiveness conclusively. With a 3-star rating and a ranking near the bottom of the list for commissions and fees, it appears less attractive as a choice for forex trading when compared to Interactive Brokers. For traders prioritizing low costs, Interactive Brokers offers more transparent and favorable conditions, especially for those trading large volumes.
| 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 | 0.59 | N/A |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | Yes | Yes |
| PayPal (Deposit/Withdraw) | No | Yes |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | No | No |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Interactive Brokers and Libertex (Forex Club) are both prominent online brokers, yet they cater to distinct trader needs with their range of investments. Interactive Brokers shines with an extensive selection of 8,500 tradable symbols, including 90 forex pairs, plus the opportunity to trade exchange-traded securities on both U.S. and international exchanges. Notably, they also permit clients to purchase actual cryptocurrencies, setting them apart in the crypto space. On the other hand, Libertex offers a more limited array of 300 tradable symbols and 51 forex pairs, which might appeal to traders seeking a focused selection. While Libertex does not provide access to exchange-traded securities on U.S. or international exchanges, it does support copy trading, attracting those who prefer collaborative strategies.
In the cryptocurrency sector, Interactive Brokers extends options for both actual currencies and derivatives, whereas Libertex is limited to cryptocurrency derivatives. This diverse array of investment opportunities earns Interactive Brokers a top rating, with five stars and a #1 rank in the Range of Investments category by ForexBrokers.com, demonstrating its strong appeal for investors seeking variety. Libertex, while offering unique features like copy trading, receives a 3.5-star rating and ranks #53 in comparison, highlighting its more niche focus in the investment spectrum. Whether you value a broad range of investment choices or specific trading strategies, both brokers offer distinct advantages depending on your trading preferences.
| 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.
When comparing the trading platforms and tools offered by Interactive Brokers and Libertex (Forex Club), both provide a range of features suitable for various trading needs. Each broker offers a proprietary trading platform alongside a Windows-based desktop download and web-based options for seamless access. They both also cater to traders interested in practicing their strategies with a free demo account. However, while Interactive Brokers does not support copy trading or the widely-used MetaTrader 4 (MT4), Libertex offers these features, potentially appealing to traders interested in following successful strategies or using MT4's extensive functionality.
Interactive Brokers sets itself apart with a remarkable 85 drawing tools for charting and an extensive range of 659 fields for watch lists, compared to Libertex's offering of 30 and 7, respectively. While Libertex also facilitates trading directly from charts, a feature shared with Interactive Brokers, the reach and breadth of Interactive Brokers' tools earn it a higher overall rating of 5 stars in Trading Platforms and Tools, ranking an impressive #3 out of 63 brokers on ForexBrokers.com. Meanwhile, Libertex holds a 4-star rating and a #50 ranking, reflecting a competent yet less comprehensive offering in this category.
| Feature |
Interactive Brokers
|
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) | No | Yes |
| MetaTrader 5 (MT5) | No | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 155 | 15 |
| Charting - Drawing Tools (Total) | 85 | 30 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 659 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both Interactive Brokers and Libertex (Forex Club) offer comprehensive mobile trading apps for iPhone and Android users, providing crucial features like stock and forex price alerts and seamless watchlist syncing across devices. In terms of technical studies for charting, Interactive Brokers leads the way with 97 available options compared to Libertex's 30. Both apps allow users to draw trendlines and view multiple time frames on stock or forex charts, although neither app currently supports auto-saving of chart drawings. Additionally, creating watchlists with real-time quotes is a shared feature that empowers traders to monitor market movements effectively.
In terms of user satisfaction and industry performance, Interactive Brokers shines with a 5-star rating for their mobile trading app, earning the 4th spot out of 63 brokers in the Mobile Trading Apps category by ForexBrokers.com. Libertex, while offering a solid experience, holds a 4-star rating and ranks at #49 in the same category. Whether you prioritize extensive charting capabilities or overall app ranking, both platforms present distinct advantages depending on your trading needs.
| Feature |
Interactive Brokers
|
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 | 97 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When it comes to market research offerings, Interactive Brokers and Libertex (Forex Club) present distinct profiles. Interactive Brokers provides daily market commentary and forex news from reputable sources such as Bloomberg and Reuters, while also equipping traders with advanced tools like Trading Central analytics and sentiment-based trading tools to monitor position ratios across currencies. Additionally, Interactive Brokers features market research from TipRanks and Acuity Trading, along with a detailed economic calendar. These comprehensive offerings contribute to Interactive Brokers' high rating of 5 stars for research, securing the #3 spot among 63 brokers as ranked by ForexBrokers.com.
In contrast, Libertex (Forex Club) delivers forex news from top-tier sources but lacks the daily market commentary and certain advanced research tools that Interactive Brokers offers. While Libertex provides an economic calendar, it doesn't include tools from Trading Central or TipRanks, nor does it support sentiment-based trading. This more limited research support results in a 3-star rating for Libertex and a ranking of #61 out of 63 brokers for research by ForexBrokers.com. These differences make Interactive Brokers a preferred choice for traders who prioritize in-depth market analysis and a wide array of research resources.
| 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 |
| 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.
Interactive Brokers and Libertex (Forex Club) both offer educational resources for those delving into forex and CFDs, each delivering at least 10 articles, videos, or webinars on these subjects. However, Interactive Brokers takes things further with a monthly schedule of online educational webinars and a searchable archive of past sessions, resources that are not available through Libertex. For beginners, Interactive Brokers provides at least 10 video tutorials focusing on foundational trading topics, making it an excellent starting point for newcomers.
When it comes to advanced traders, both Interactive Brokers and Libertex offer a range of educational videos, ensuring that even seasoned traders find valuable insights. Interactive Brokers goes an extra step by supplying a comprehensive investor dictionary with over 50 investing terms defined, which is absent from Libertex's offerings. With these extensive educational tools, it's no surprise that Interactive Brokers earns 5 stars for education compared to Libertex's 3 stars. According to ForexBrokers.com, Interactive Brokers is ranked 3rd out of 63 brokers for their education, while Libertex is further down the list, coming in at 57th place.
| Feature |
Interactive Brokers
|
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 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)
|
|---|---|---|
| Overall Rating |
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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.
When comparing Interactive Brokers and Libertex (Forex Club) in terms of fund transfer options, both platforms support ACH and SEPA transfers as well as bank wires; however, only Libertex offers the convenience of PayPal and Skrill for transactions, with neither broker accepting Visa or Mastercard for deposits or withdrawals.
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 |
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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 | No | |
| 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) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | Yes | No | |
| Jordan (JSC Authorised) | No | No |
| 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 | 0.59 | N/A | |
| Active Trader or VIP Discounts | Yes | Yes | |
| 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 | |
| Visa/Mastercard (Credit/Debit) | No | No | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | Yes |
| Trading Platforms | Interactive Brokers | 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) | No | Yes | |
| MetaTrader 5 (MT5) | No | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Interactive Brokers | Libertex (Forex Club) | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 659 | 7 | |
| Charting - Indicators / Studies (Total) | 155 | 15 | |
| Charting - Drawing Tools (Total) | 85 | 30 | |
| 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 Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | Yes | |
| Mobile Charting - Indicators / Studies | 97 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | No | |
| Mobile 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 | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Interactive Brokers | 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 | 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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