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 |
Comparing commissions and fees, OANDA earns 4 out of 5 stars and is ranked #35 of 63 by ForexBrokers.com, while Libertex (Forex Club) earns 3 out of 5 stars and is ranked #63 of 63. OANDA is not a discount broker, but it provides clear pricing choices and automated execution across its accounts. Libertex’s lower rating and last-place ranking reflect limited available data on its average spreads, which makes it harder for traders to estimate true trading costs.
OANDA’s default spreads tend to be on the higher side; for example, its average non-core spread on EUR/USD was 1.61 pips in July 2024. The Core pricing tier cuts the spread but adds a commission of $5 per side per $100,000 traded (about $10 per round turn), requires a $10,000 minimum deposit, and can bring the all-in cost slightly below the commission-free option. Using EUR/USD as an example: a 1.6-pip default spread versus a 0.4-pip core spread plus a 1.0-pip commission equivalent yields about 1.4 pips all-in on Core. OANDA also stands out for flexible trade sizes down to 1 unit, an Elite Trader rebate program (roughly $5–$17 per million in select regions), and trailing spread disclosures—though it doesn’t publish fixed-period average spreads, which limits apples-to-apples comparisons.
For Libertex (Forex Club), average spread data is not available, which limits transparency when estimating total costs for forex and CFD trading. That lack of clarity helps explain its 3 out of 5 stars for commissions and fees and its #63 of 63 ranking from ForexBrokers.com. Traders who prioritize known, detailed pricing metrics may find OANDA’s published examples and tiered structure more informative, even if headline spreads are generally higher than the lowest-cost alternatives.
| Feature |
OANDA
|
Libertex (Forex Club)
|
|---|---|---|
| Minimum Deposit | $0 | $10 |
| Average Spread EUR/USD - Standard | 1.69 | N/A |
| All-in Cost EUR/USD - Active | 1.69 | N/A |
| Non-wire bank transfer | Yes | Yes |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
OANDA vs Libertex (Forex Club): when it comes to the range of investments, OANDA offers far more choice. You’ll find 4,172 tradeable symbols and 69 currency pairs at OANDA, compared with 300 symbols and 51 pairs at Libertex. Both brokers support forex trading via CFDs or spot contracts and both offer copy trading. A key difference is stock access: OANDA lets clients buy exchange-traded securities on U.S. and international exchanges, while Libertex does not.
Crypto access also sets them apart. OANDA supports buying actual cryptocurrencies as well as crypto derivatives, whereas Libertex limits you to crypto derivatives. Reflecting these differences, ForexBrokers.com rates OANDA 4 stars and ranks it 28th out of 63 brokers for Range of Investments, while Libertex earns 3.5 stars and ranks 54th. If you want a larger selection and the ability to buy stocks directly, OANDA is the better fit; if you mainly trade CFDs and want copy trading, Libertex may still suit your needs.
| Feature |
OANDA
|
Libertex (Forex Club)
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 4172 | 300 |
| Forex Pairs (Total) | 69 | 51 |
| U.S. Stocks (Shares) | Yes | No |
| Global Stocks (Non-U.S. Shares) | Yes | No |
| Copy Trading | Yes | Yes |
| Cryptocurrency (Underlying) | Yes | No |
| Cryptocurrency (CFDs) | 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.
OANDA and Libertex (Forex Club) both make it easy to get started with a free demo (paper) account. Each offers a proprietary platform, a web-based browser platform, and a Windows desktop platform, along with copy trading and MetaTrader 4 (MT4). Both also let you place trades directly from charts. The key platform difference is that OANDA supports MetaTrader 5 (MT5), while Libertex does not.
In independent reviews for Trading Platforms and Tools, both are rated 4 out of 5 stars. However, OANDA ranks #15 out of 63 brokers at ForexBrokers.com, compared with Libertex at #51. If you want MT5 and care about a higher category ranking, OANDA has an edge; if MT4 plus web and desktop access meets your needs, either broker can fit the bill.
| Feature |
OANDA
|
Libertex (Forex Club)
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | No |
| Charting - Indicators / Studies (Total) | 89 | 15 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
OANDA and Libertex (Forex Club) both offer mobile trading apps for iPhone and Android, and each supports price alerts for quick updates. Charting is strong on both, with 30 technical studies available and the ability to draw trendlines. Key differences: OANDA’s app automatically saves your chart drawings, while Libertex’s does not. For watchlists, Libertex syncs symbols between the mobile app and your online account, whereas OANDA does not support watchlist syncing.
In overall quality, OANDA earns 5 stars and ranks #7 out of 63 brokers for Mobile Trading Apps on ForexBrokers.com, while Libertex holds 4 stars and ranks #50. If synced watchlists are a must, Libertex has the edge. If you value auto-saved charts and a higher expert rating, OANDA is the better fit.
| Feature |
OANDA
|
Libertex (Forex Club)
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | No |
| Mobile Watchlist [DELETED] |
Dive deeper: Best Forex Trading Apps.
Comparing market research at OANDA vs. Libertex (Forex Club), OANDA clearly offers more depth. OANDA provides daily market commentary, live forex news from top-tier sources, Autochartist tools for technical and fundamental insights, a sentiment tool that shows long/short positioning, and an economic calendar. By contrast, Libertex includes top-tier news and an economic calendar but lacks daily commentary, Autochartist, and a sentiment tool; neither broker uses Trading Central. OANDA does not include TipRanks or Acuity Trading, and Libertex does not clearly indicate support for these providers.
The results show up in independent ratings: OANDA earns 5 stars for Research and ranks #4 out of 63 brokers on ForexBrokers.com, while Libertex receives 3 stars and ranks #62. In short, OANDA is better suited to traders who want richer, built-in research and sentiment features, whereas Libertex covers the basics like news and a calendar without many add-ons.
| Feature |
OANDA
|
Libertex (Forex Club)
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central | No | No |
| Client sentiment data | Yes | No |
| TipRanks | No | |
| Acuity Trading | No | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For new traders comparing OANDA and Libertex (Forex Club), OANDA is the stronger pick for beginner education. It runs client webinars at least once a month and offers at least 10 beginner-focused videos that cover forex and CFD basics in plain language. Libertex does not run monthly training webinars and does not meet the 10‑video threshold for beginner lessons, though both brokers provide 10+ advanced videos for experienced traders. Reflecting this focus on early-stage learning, OANDA earns 5 stars for Education and ranks 19th out of 63 brokers at ForexBrokers.com, while Libertex holds 3 stars and ranks 58th.
Some items aren’t clearly stated for either broker: whether they each host a 10+ piece forex/CFD education library overall, keep a searchable archive of past webinars, or offer an investor dictionary with 50+ terms. If these extras matter to you, check each broker’s site for current details. For most beginners who want frequent live instruction and a larger set of entry-level videos, OANDA’s education edge is clear; traders with more experience may find both providers’ advanced video content helpful.
| Feature |
OANDA
|
Libertex (Forex Club)
|
|---|---|---|
| Webinars | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | Yes |
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
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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.
OANDA vs Libertex (Forex Club) funding comparison: both brokers support ACH/SEPA transfers, PayPal, Skrill, and bank wires, while Visa or Mastercard availability is not specified for either.
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 |
| Broker Screenshots | OANDA | Libertex (Forex Club) | |
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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, FSRA, or SCA 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) | 4172 | 300 | |
| Forex Pairs (Total) | 69 | 51 | |
| U.S. Stocks (Shares) | Yes | No | |
| Global Stocks (Non-U.S. Shares) | Yes | No | |
| Copy Trading | Yes | Yes | |
| Cryptocurrency (Underlying) | Yes | No | |
| Cryptocurrency (CFDs) | 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 | 1.69 | N/A | |
| All-in Cost EUR/USD - Active | 1.69 | N/A | |
| Inactivity Fee | Yes | No | |
| Order execution: Agency | No | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | OANDA | Libertex (Forex Club) | |
|---|---|---|---|
| Minimum Deposit | $0 | $10 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | Yes | Yes |
| Trading Platforms | OANDA | Libertex (Forex Club) | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No |
| Trading Tools | OANDA | Libertex (Forex Club) | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 89 | 15 | |
| 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 Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | No | Yes | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | No | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | OANDA | Libertex (Forex Club) | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central | No | No | |
| TipRanks | No | ||
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | OANDA | Libertex (Forex Club) | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | Yes |
| Major Forex Pairs | OANDA | Libertex (Forex Club) | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| 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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