Written by ForexBrokers.com
In this head to head comparison of OANDA 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.
OANDA and Libertex (Forex Club) are two established online brokers catering to forex traders, founded in 1996 and 1997 respectively. Neither company is publicly traded nor operates as a bank. When it comes to regulatory credentials, OANDA stands out with an impressive seven Tier-1 licenses, which are highly regarded for ensuring a trusted trading environment. Libertex, on the other hand, holds just one Tier-1 license.
Furthermore, the trust ratings by ForexBrokers.com reflect OANDA's higher credibility with a Trust Score of 93, categorizing it as highly trusted. Libertex (Forex Club) has a Trust Score of 73, placing it in the average risk bracket. This difference highlights OANDA’s stronger regulatory standing and higher trustworthiness in the forex trading realm.
| Feature |
OANDA
|
Libertex (Forex Club)
|
|---|---|---|
| Year Founded | 1996 | 1997 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 7 | 1 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
When comparing OANDA and Libertex (Forex Club) for their commissions and fees, OANDA tends to have higher forex trading costs with its effective spreads. OANDA offers two main pricing structures: default and core pricing. The default pricing features bid/ask spreads similar to brokers like FOREX.com and FxPro, with an average non-core pricing spread of 1.61 pips on the EUR/USD pair as of July 2024. Meanwhile, OANDA's core pricing comes with lower spreads but includes a $5 per-side commission for each $100,000 traded, offering a slightly better overall cost when factoring in the commission. An advantage of OANDA is its ability to execute trades automatically across accounts.
Unlike OANDA, Libertex does not provide average spread data, making a precise cost comparison difficult. However, based on ForexBrokers.com, OANDA earns a rating of 4 out of 5 stars for its commissions and fees, compared to Libertex's rating of 3 out of 5 stars. OANDA's flexibility in accommodating micro lot trading down to 1 unit and its Elite Trader program offering rebates for high-volume traders are additional advantages that contribute to its score.
In terms of ranking, OANDA positions itself at #34 out of 63 brokers in the Commissions and Fees category according to ForexBrokers.com, while Libertex finds itself lower on the list at #62. While OANDA may not be the least expensive option, its focus on pricing transparency and features like TradingView Pro subscription reimbursements provide added value, distinguishing it from Libertex in terms of overall service offering.
| Feature |
OANDA
|
Libertex (Forex Club)
|
|---|---|---|
| Minimum Deposit | $0 | $10 |
| Average Spread EUR/USD - Standard | 1.61 | N/A |
| All-in Cost EUR/USD - Active | 1.61 | N/A |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | Yes | Yes |
| PayPal (Deposit/Withdraw) | Yes | 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.
OANDA and Libertex (Forex Club) are popular online brokers that provide forex trading as both CFDs and spot contracts. OANDA stands out with a significantly larger array of 3,928 tradeable symbols, compared to Libertex's 300. When it comes to forex pairs, OANDA offers 68 options while Libertex provides 51. Although neither platform offers exchange-traded securities on U.S. or international exchanges, both platforms do support copy trading. If you are interested in cryptocurrencies, OANDA provides the flexibility to buy both actual cryptocurrencies and their derivatives, whereas Libertex only allows trading in cryptocurrency derivatives.
For those seeking a wider range of investment options, OANDA scores slightly higher with 4 stars for its range of investments compared to Libertex's 3.5 stars. According to ForexBrokers.com, OANDA ranks 27th out of 63 brokers in the range of investments category, while Libertex ranks 53rd. This difference might make OANDA the better choice for those looking for greater variety and more robust options in their trading endeavors.
| Feature |
OANDA
|
Libertex (Forex Club)
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 3928 | 300 |
| Forex Pairs (Total) | 68 | 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) | 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 OANDA and Libertex (Forex Club), both brokers provide solid options for traders of all experience levels. OANDA and Libertex offer simulated trading through free virtual demo accounts, allowing users to practice without financial risk. Both platforms have developed proprietary trading platforms and offer Windows-based desktop applications and web-based browser platforms. Notably, both brokers provide access to the popular MetaTrader 4 (MT4) platform, with OANDA also supporting MetaTrader 5 (MT5), which is not available with Libertex. In terms of additional trading functionalities, both brokers support copy trading but neither offers DupliTrade or ZuluTrade services.
For charting, OANDA provides a wide array of 431 drawing tools, a significant advantage over Libertex's 30 tools, allowing for more detailed and customized analysis. Both platforms enable trading directly from stock charts, which streamlines the trading process. When it comes to organizing trades, Libertex slightly edges out OANDA by offering seven columns for watch lists compared to OANDA's six. Despite both platforms receiving a commendable rating of four stars for their trading tools, OANDA ranks higher among brokers at #15, whereas Libertex stands at #50, reflecting OANDA's more comprehensive platform offerings and greater overall flexibility for traders.
| Feature |
OANDA
|
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 | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 81 | 15 |
| Charting - Drawing Tools (Total) | 431 | 30 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 6 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both OANDA and Libertex (Forex Club) offer mobile trading apps compatible with iPhone and Android devices, catering to traders on the go. They both provide users with stock and forex price alerts and allow drawing trendlines on charts, which can be viewed across multiple time frames such as daily, weekly, or intraday. Each app offers 30 technical studies for chart analysis, enabling traders to make informed decisions. However, OANDA has a slight edge as its app automatically saves chart drawings, a feature not available with Libertex. Users of both apps can enjoy creating watchlists with real-time quotes, yet OANDA falls short when it comes to syncing watchlist symbols between the mobile app and desktop, a feature Libertex supports.
OANDA shines brightly with a top-tier five-star rating for its mobile trading app, placing it at an impressive #7 among 63 brokers reviewed by ForexBrokers.com. In contrast, Libertex, while offering a solid trading experience, holds a four-star rating and ranks at #49. For traders seeking a mobile app with a high reputation and user satisfaction, OANDA seems to be the standout choice. Nevertheless, Libertex may appeal to those prioritizing watchlist syncing functionality in their trading toolkit.
| Feature |
OANDA
|
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 OANDA and Libertex (Forex Club) in terms of market research, several key differences stand out. OANDA provides daily market commentary and access to forex news from leading sources like Bloomberg, Reuters, and Dow Jones, offering insights to traders regularly. While both brokers have economic calendars to keep traders informed about global events, only OANDA supplies advanced research tools from Autochartist, aiding traders with technical and fundamental analysis. Additionally, OANDA offers a sentiment-based trading tool that displays the ratio of long or short positions across various currency pairs, a feature not available with Libertex (Forex Club).
Both brokers do not provide tools from Trading Central, but OANDA's comprehensive research suite earns it a strong research rating of 5 out of 5 stars, ranking it fifth among 63 brokers on ForexBrokers.com. In contrast, Libertex (Forex Club) lacks offerings such as technical analysis tools from Autochartist and a sentiment-based trading tool, leading to a 3-star research rating and placing it significantly lower in the rankings at 61st. Overall, OANDA demonstrates a more extensive and informed range of market research capabilities compared to Libertex (Forex Club).
| Feature |
OANDA
|
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 | No | |
| Signal Centre (Acuity Trading) | No | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for new traders, OANDA clearly stands out compared to Libertex (Forex Club). Both platforms provide more than ten educational materials such as articles and videos focused on forex or CFDs, ensuring that beginners have ample foundational knowledge. However, OANDA goes a step further by offering regular monthly webinars designed to engage and educate their clients, along with a searchable archive of past sessions. These additional features make it easier for new traders to access diverse learning materials at their convenience, significantly enhancing their educational experience.
Furthermore, OANDA provides a wealth of video tutorials, tailoring content for both beginners and advanced traders, with at least ten videos dedicated to each group. In contrast, while Libertex offers advanced videos, it lacks beginner-oriented ones. Another advantage for OANDA users is access to an extensive investor dictionary with over fifty terms, which is not available at Libertex. Given these comprehensive educational offerings, OANDA earns a five-star rating and a higher ranking among brokers for education, making it a more attractive option for those new to trading who value a strong learning support system. Libertex, despite its efforts, trails with a three-star rating and a significantly lower position in educational rankings.
| Feature |
OANDA
|
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 OANDA is better than Libertex (Forex Club). OANDA finished with an overall rank of #12, while Libertex (Forex Club) finished with an overall rank of #61.
A trusted global brand, OANDA stands out for its reputation and quality market research. Its regulatory track record is strong, and its support for third-party features bolsters its overall offering.
| Feature |
OANDA
|
Libertex (Forex Club)
|
|---|---|---|
| Overall Rating |
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| Trust Score | 93 | 73 |
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OANDA enables users to purchase both actual cryptocurrencies and cryptocurrency derivatives, whereas Libertex (Forex Club) only allows the trading of cryptocurrency derivatives, not the actual digital assets.
Both OANDA and Libertex (Forex Club) provide multiple deposit and withdrawal options, including ACH, SEPA, PayPal, Skrill, and bank wires, but only OANDA offers Visa and Mastercard transactions.
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 | OANDA | Libertex (Forex Club) | |
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| Trust Score | 93 | 73 | |
| Winner | check_circle | ||
| Review | OANDA Review |
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| Regulation | OANDA | Libertex (Forex Club) | |
|---|---|---|---|
| Trust Score | 93 | 73 | |
| Year Founded | 1996 | 1997 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 7 | 1 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | OANDA | Libertex (Forex Club) | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | |||
| 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) | OANDA | Libertex (Forex Club) | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| 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) |
| Investments | OANDA | Libertex (Forex Club) | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 3928 | 300 | |
| Forex Pairs (Total) | 68 | 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) | 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 | OANDA | Libertex (Forex Club) | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.61 | N/A | |
| All-in Cost EUR/USD - Active | 1.61 | N/A | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | OANDA | Libertex (Forex Club) | |
|---|---|---|---|
| Minimum Deposit | $0 | $10 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | No | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | Yes |
| Trading Platforms | OANDA | Libertex (Forex Club) | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | OANDA | Libertex (Forex Club) | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 6 | 7 | |
| Charting - Indicators / Studies (Total) | 81 | 15 | |
| Charting - Drawing Tools (Total) | 431 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | OANDA | 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 | OANDA | Libertex (Forex Club) | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | ||
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | OANDA | 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 | OANDA | 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 | OANDA Review |
| Overall | OANDA | Libertex (Forex Club) | |
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| Trust Score | 93 | 73 | |
| Winner | check_circle | ||
| Review | OANDA Review |
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