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 it comes to commissions and fees, IronFX and Libertex (Forex Club) differ significantly. IronFX, although rated 4 out of 5 stars, still has room for improvement as their spreads tend to be above the industry average. For instance, their Standard variable spread account typically lists a spread of 1.8 pips. For those opting for a zero fixed-spread account, they start at zero with a commission of $18 per lot, though these spreads can increase to 3 pips overnight.
Comparatively, Libertex (Forex Club) has less transparency in terms of average spread data, which could be concerning for traders who rely on precise information to make informed decisions. This lack of clarity contributes to their lower rating of 3 out of 5 stars in the commissions and fees category.
In terms of overall ranking, IronFX is placed at #47 out of 62 brokers according to ForexBrokers.com, indicating a moderately competitive pricing structure. Libertex (Forex Club), on the other hand, is ranked much lower at #61, reflecting the challenges traders may face with undisclosed spread information and potentially higher costs.
| 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.
When it comes to comparing IronFX and Libertex (Forex Club) for their range of investment options, both stand out with a solid offering in forex trading available as contracts for difference (CFDs) or spot contracts. IronFX offers a wider selection with 340 tradable symbols, including 83 forex pairs, while Libertex provides 300 tradable symbols with 51 forex pairs. Neither platform offers exchange-traded securities on U.S. or international exchanges, which means investors won’t find direct access to company shares like Apple or Vodafone. Both brokers do support copy trading, allowing users to mimic the trades of successful investors. However, when it comes to cryptocurrency, they only offer derivatives and not the actual cryptocurrency purchases.
In terms of ratings, both IronFX and Libertex are rated 3.5 out of 5 stars for their range of investments. When ranking among 62 brokers, IronFX is positioned at #51, slightly outperforming Libertex, which stands at #53. This demonstrates a relatively similar range of investment tools and capabilities between the two, allowing customers to choose either without a significant difference in investment diversity.
| 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 (Forex Club), both online brokers offer investors simulated trading with a free virtual demo account, allowing users to practice without committing real funds. While IronFX utilizes popular platforms like MetaTrader 4 and a Windows-based desktop, it lacks a proprietary trading platform, which is a standout feature of Libertex. Both brokers offer web-based trading and support for copy trading, making them accessible to a broad range of traders. However, neither supports newer features such as MetaTrader 5, DupliTrade, or ZuluTrade.
Charting tools highlight some differences, with Libertex providing twice the number of drawing tools at 30, compared to IronFX's 15, a factor that could appeal to those who require more flexibility in analysis. Both allow trading directly from stock charts and offer an identical number of 7 fields in watch lists. In terms of ratings, Libertex scores slightly higher with 4 stars for trading platforms and tools against IronFX's 3.5 stars, and is ranked #50 out of 62 brokers by ForexBrokers.com in this category, as opposed to IronFX's #60 ranking. These factors might influence the choice for traders deciding between the two brokers based on tools and platform support.
| 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.
Both IronFX and Libertex (Forex Club) provide mobile apps for iPhone and Android users, making them accessible for traders on the go. While both platforms send price alerts for stocks and forex, Libertex has an advantage when it comes to syncing watchlists between mobile devices and online accounts. This feature allows users to seamlessly access their customized lists across devices, whereas IronFX lacks this capability. In terms of charting tools, both brokers equip their apps with 30 technical studies and allow drawing trendlines and viewing multiple time frames. Yet, IronFX has a slight edge by automatically saving chart drawings, which is not offered by Libertex.
Creating watchlists with real-time quotes is possible on both mobile platforms, giving traders up-to-date information at their fingertips. Despite these features, user ratings suggest differences in user experiences, as IronFX's mobile app holds a 3.5-star rating and a ranking of #61 out of 62 brokers, while Libertex garners a 4-star rating and ranks #49. This suggests that while both apps provide essential tools for mobile trading, Libertex may offer a smoother and more integrated user experience. For those prioritizing watchlist syncing and overall app performance, Libertex might be the preferred choice, while IronFX could be suitable for traders who value auto-saving chart features.
| 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 (Forex Club) for market research, IronFX stands out by providing daily market commentary, which is a feature not offered by Libertex. Both brokers deliver forex news from reputable sources like Bloomberg and Reuters. IronFX goes a step further by incorporating Trading Central's tools, giving traders access to advanced technical analysis, whereas Libertex does not offer this feature. Neither platform supports Autochartist tools or offers sentiment-based trading features. Additionally, both brokers provide an economic calendar to help users keep track of global financial events. However, they lack integration with research companies like TipRanks and Acuity Trading.
Overall, IronFX holds a slight edge with a four-star rating for market research, as opposed to Libertex's three-star rating. This distinction is further reflected in their rankings, with IronFX placed at 28th out of 62 brokers by ForexBrokers.com for research tools, while Libertex is positioned at 60th. Thus, IronFX may appeal more to traders who prioritize access to comprehensive market analysis tools and daily insights.
| 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.
When comparing the educational resources for beginners between IronFX and Libertex, both brokers offer a minimum of 10 pieces of educational content focused on forex or CFDs. However, IronFX has a more comprehensive offering when it comes to beginner-friendly materials. IronFX provides at least 10 educational videos specifically for beginners, a searchable archive of recorded webinars, and an investor dictionary with over 50 investing terms. Libertex, on the other hand, does not offer as many beginner videos or a searchable webinars archive, and lacks an investor dictionary.
In terms of educational content for more seasoned traders, Libertex excels by offering over 10 advanced educational videos, a resource that IronFX does not match. Despite this, IronFX is rated higher overall with 4 stars for education compared to Libertex's 3 stars. When it comes to ranking among 62 brokers in the education category on ForexBrokers.com, IronFX is ranked #44 while Libertex is placed at #57. This suggests that IronFX provides a slightly better educational experience for beginners looking to delve into forex trading.
| 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 62 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 #60.
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
|
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) | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) | |||
| Mobile Trading Gallery (click to expand) | |||
| Research Gallery (click to expand) | |||
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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 | |
| Review |
| Overall | IronFX | Libertex (Forex Club) | |
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| Trust Score | 83 | 73 | |
| Winner | check_circle | ||
| Review |
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