Written by ForexBrokers.com
In this head to head comparison of IronFX 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.
IronFX, established in 2010, and Libertex (Forex Club), founded in 1997, are both online brokers that derive trust from their regulatory standings, though neither are publicly traded or operate as banks. IronFX holds three Tier-1 licenses, reflecting a higher level of regulatory oversight, while Libertex has one Tier-1 license. In terms of trust scores, which are vital for assessing reliability, IronFX scores 83 out of 99, categorizing it as a trusted broker. On the other hand, Libertex scores 73, suggesting an average risk level based on ForexBrokers.com’s rating scale.
Both companies offer investment opportunities without Tier-2 licenses, indicating an absence of additional regulatory endorsements. For traders who prioritize regulatory infrastructure as a key factor when choosing a broker, IronFX presents a slightly stronger position with its additional Tier-1 licenses and better overall trust score. However, Libertex’s longer industry presence since 1997 may appeal to those valuing experience and longevity.
| Feature |
IronFX
|
Libertex (Forex Club)
|
|---|---|---|
| Year Founded | 2010 | 1997 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 1 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
When comparing IronFX and Libertex (Forex Club) regarding commissions and fees, IronFX presents a more comprehensive picture despite some room for improvement. IronFX's typical spread for their Standard variable spread account is listed as 1.8 pips, although this varies across different account types. For those opting for the zero fixed-spread account, while the spread starts at zero, a commission of $18 per lot applies, and spreads can widen to 3 pips overnight. These dynamics suggest that IronFX's pricing could be more competitive, yet it still secures a favorable position with a 4-star rating for its commission and fees structure.
Conversely, Libertex (Forex Club) does not provide detailed average spread data, making it challenging to offer a precise comparison in terms of pricing transparency. This lack of detailed financial information results in a lower rating, with Libertex receiving 3 stars for its commissions and fees. Without clear average spread data, potential clients may find it difficult to fully evaluate the cost-effectiveness of trading with Libertex compared to other brokers.
In terms of industry ranking by ForexBrokers.com, IronFX holds the 46th position out of 63 brokers in the Commissions and Fees category. This places IronFX ahead of Libertex, which ranks 62nd. While IronFX edges out Libertex in this category, both brokers have areas for potential improvement in providing competitively priced trading options.
| Feature |
IronFX
|
Libertex (Forex Club)
|
|---|---|---|
| Minimum Deposit | $50 | $10 |
| Average Spread EUR/USD - Standard | 1.2 | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | No | Yes |
| PayPal (Deposit/Withdraw) | No | 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.
IronFX and Libertex (Forex Club) present clients with similar offerings in the realm of forex trading, as both platforms allow trading through CFDs or spot contracts. IronFX surpasses Libertex in the breadth of tradeable symbols, offering 340 compared to Libertex's 300. In terms of forex pairs, IronFX leads with 83 pairs while Libertex provides 51. Despite these differences, neither broker offers the option to buy exchange-traded securities on U.S. or international exchanges, such as Apple or Vodafone shares.
Both IronFX and Libertex cater to traders who prefer to delve into cryptocurrency derivatives rather than purchasing actual cryptocurrencies. They also support copy trading, attracting those interested in following the strategies of seasoned traders. In terms of investment range, both brokers receive a 3.5-star rating. According to ForexBrokers.com, IronFX holds the 51st position among 63 brokers, slightly ahead of Libertex, which ranks at 53rd. While their offerings are fairly comparable, the slight differences in forex pairs and tradeable symbols can be key deciding factors for some traders.
| Feature |
IronFX
|
Libertex (Forex Club)
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 340 | 300 |
| Forex Pairs (Total) | 83 | 51 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | 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 IronFX and Libertex, there are several factors in their trading platforms and tools that traders might consider. Both brokers offer simulated trading through free virtual demo accounts, allowing users to test their strategies without financial risk. IronFX does not have a proprietary platform, instead offering the widely-used MetaTrader 4 for trading, but lacks MetaTrader 5. Libertex, on the other hand, provides a proprietary platform along with MetaTrader 4. Both offer Windows-based desktop downloads and web-based trading platforms, giving users flexibility in how they access the markets. Furthermore, both platforms support copy trading, enhancing the social trading experience. However, neither offers DupliTrade or ZuluTrade, which might be a consideration for those interested in these specific tools.
Charting tools and capabilities differ between the two brokers. IronFX offers a range of drawing tools with 15 options available, while Libertex provides twice as many with 30 drawing tools. Both platforms allow trading directly from stock charts, adding convenience for users. For watch lists, they both offer columns to track seven fields. When it comes to ratings, IronFX scores 3.5 out of 5 stars for trading platforms and tools, ranking #61 out of 63 brokers. Meanwhile, Libertex averages a higher rating of 4 stars and holds the #50 rank. These elements are essential for traders to consider when making a decision between the two brokers based on their specific trading needs and preferences.
| Feature |
IronFX
|
Libertex (Forex Club)
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | No | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | 15 |
| Charting - Drawing Tools (Total) | 15 | 30 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of IronFX and Libertex (Forex Club), both platforms provide apps for iPhone and Android users, catering to a broad user base with the same core convenience. Both brokers equip their apps with essential features such as price alerts and the ability to create watchlists with real-time quotes. Each app provides 30 technical studies for charting, and users can draw trendlines as well as toggle between various time frames like daily or intraday.
However, there are some differences in functionality and user experience. While Libertex allows for seamless syncing of watchlists between the mobile app and the client's online account, IronFX lacks this feature. In contrast, IronFX’s app auto-saves chart drawings, a function Libertex does not support. Libertex enjoys a higher user rating of four stars for its mobile app, suggesting a more favorable experience compared to IronFX’s 3.5 stars. Additionally, Libertex ranks higher in the Mobile Trading Apps category by ForexBrokers.com, positioned at #49 out of 63, whereas IronFX trails behind at #62. These distinctions could be crucial for users seeking specific functionalities in their mobile trading experience.
| Feature |
IronFX
|
Libertex (Forex Club)
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | 30 | 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 IronFX and Libertex for market research offerings, there are notable differences in their services. IronFX distinguishes itself by providing daily market commentary and updates sourced from top-tier outlets like Bloomberg and Reuters, enhancing its appeal to traders looking for fresh daily insights. On the other hand, Libertex does not offer daily market commentary, but it does keep traders informed with forex news from reputable sources. Furthermore, IronFX integrates Trading Central's technical analysis tools, a feature not available with Libertex. This additional support helps traders with informed decision-making and provides IronFX a competitive edge in research capabilities.
Both IronFX and Libertex ensure traders are equipped with an economic calendar, aiding them in keeping track of significant global economic events. However, neither broker features sentiment-based trading tools, TipRanks market research, or Acuity Trading tools. Despite these similarities, IronFX has a higher research rating, earning 4 out of 5 stars compared to Libertex’s 3 stars. ForexBrokers.com ranks IronFX at #28 out of 63 brokers, while Libertex is positioned at #61, underscoring IronFX’s superior standing in the research category. Whether you're seeking comprehensive daily analysis or robust tools, IronFX demonstrates stronger market research capabilities compared to its counterpart, Libertex.
| Feature |
IronFX
|
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 | No | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
IronFX and Libertex offer educational resources aimed at helping beginners understand forex and CFDs trading, but their offerings are slightly different. IronFX delivers a range of resources, including at least ten educational pieces such as articles and videos that focus on forex and CFDs. The broker also provides a searchable archive of past webinars, which is a helpful tool for new traders who prefer learning at their own pace. Furthermore, beginners can benefit from over ten specific videos designed to ease them into trading concepts, along with an investor dictionary boasting more than 50 investing terms. While IronFX lacks advanced educational videos, it still stands out with a 4-star rating for education and ranks 44th out of 63 brokers in this category.
On the other hand, Libertex also offers beginners access to a minimum of ten educational articles and videos focused on forex and CFDs. However, it does not offer a searchable archive of past webinars or a dedicated video collection for beginners, which might limit the variety of resources available to new traders. Instead, Libertex excels in providing advanced educational videos for more experienced traders. Despite these strengths, Libertex falls short with no investor dictionary, resulting in a slightly lower education rating of 3 stars and a rank of 57 out of 63 brokers according to ForexBrokers.com. For novices seeking comprehensive basic education resources, IronFX might have a slight edge, whereas Libertex caters more to traders aiming for advanced knowledge.
| Feature |
IronFX
|
Libertex (Forex Club)
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | No | 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 IronFX is better than Libertex (Forex Club). IronFX finished with an overall rank of #48, while Libertex (Forex Club) finished with an overall rank of #61.
IronFX has come a long way to rebuild its brand, acquiring multiple regulatory licenses to improve its Trust Score, and creating balanced educational material. That said, pricing is an area where IronFX has room to further improve as spreads appeared higher than the industry average.
| Feature |
IronFX
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Libertex (Forex Club)
|
|---|---|---|
| Overall Rating |
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| Trust Score | 83 | 73 |
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Both IronFX and Libertex (Forex Club) do not offer the ability to buy actual delivered cryptocurrency, but they both provide options for purchasing cryptocurrency derivatives.
IronFX and Libertex (Forex Club) both support Skrill and bank wire transfers for depositing and withdrawing funds, but IronFX does not offer ACH, SEPA, or PayPal options, whereas Libertex (Forex Club) does, with IronFX exclusively accepting Visa or Mastercard, which is not supported by Libertex (Forex Club).
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 | IronFX | Libertex (Forex Club) | |
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| Trust Score | 83 | 73 | |
| Winner | check_circle | ||
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| Broker Screenshots | IronFX | Libertex (Forex Club) | |
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| Regulation | IronFX | Libertex (Forex Club) | |
|---|---|---|---|
| Trust Score | 83 | 73 | |
| Year Founded | 2010 | 1997 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 3 | 1 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | IronFX | Libertex (Forex Club) | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | 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) | IronFX | 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 | IronFX | Libertex (Forex Club) | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 340 | 300 | |
| Forex Pairs (Total) | 83 | 51 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | 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 | IronFX | Libertex (Forex Club) | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.2 | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | IronFX | Libertex (Forex Club) | |
|---|---|---|---|
| Minimum Deposit | $50 | $10 | |
| PayPal (Deposit/Withdraw) | No | 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 | IronFX | Libertex (Forex Club) | |
|---|---|---|---|
| Proprietary Platform | No | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | No | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | IronFX | Libertex (Forex Club) | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 30 | 15 | |
| Charting - Drawing Tools (Total) | 15 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | IronFX | Libertex (Forex Club) | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | Yes | |
| Mobile Charting - Indicators / Studies | 30 | 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 | IronFX | Libertex (Forex Club) | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | IronFX | Libertex (Forex Club) | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | No | Yes | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | IronFX | 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 | |
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| Trust Score | 83 | 73 | |
| Winner | check_circle | ||
| Review |
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