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 online brokers OANDA and Libertex (Forex Club) on commissions and fees, OANDA stands out for its automated execution but carries higher forex trading costs with substantial effective spreads. While deemed expensive compared to top brokers, OANDA offers a dual pricing model—a default option with notably higher spreads and a core pricing alternative that reduces spread costs but adds a commission of $10 per standard lot. Notably, the core pricing delivers slightly more competitive rates than the commission-free model for those with a $10,000 minimum deposit. OANDA also provides versatile trading with micro lots scaled down to one unit, and rewards active traders in certain regions through its Elite Trader program, which features potential rebates and TradingView subscription reimbursements. OANDA is rated 4 stars for commissions and fees and ranks 34th out of 62 brokers in this category according to ForexBrokers.com.
In comparison, Libertex (Forex Club) does not offer published average spread data, which limits transparency regarding trading costs. Its commission and fee structure is less favored in the industry, reflected in a lower star rating of 3 out of 5. Furthermore, it holds the 61st position out of 62 brokers ranked by ForexBrokers.com in the commissions and fees category, indicating a need for improvement when compared to its competitors. Details about the specific commission or pricing structure for Libertex are less detailed, making it more challenging for traders to gauge its cost-effectiveness against other platforms.
| 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.
When comparing OANDA to Libertex (Forex Club) in terms of available investment options, both platforms offer the ability to trade forex as either a CFD or spot contract. OANDA stands out with a significantly higher number of tradeable symbols, offering a total of 3,928 compared to Libertex's 300. In the realm of forex pairs, OANDA again surpasses Libertex with 68 pairs available while Libertex provides 51. Neither platform offers direct access to exchange-traded securities on U.S. or international exchanges, meaning traders cannot purchase individual stocks like Apple or Vodafone shares directly through these brokers.
Both OANDA and Libertex support copy trading, making it simpler for users to mimic successful trading strategies. OANDA offers a wider range of cryptocurrency options, allowing clients to purchase actual cryptocurrencies, while Libertex does not. However, both platforms provide options to trade cryptocurrency derivatives. Overall, OANDA earns a slightly higher rating of 4 stars out of 5 for its range of investment offerings, standing at 27th in the ForexBrokers.com ranking, while Libertex receives a 3.5-star rating and ranks 53rd. This suggests that OANDA may provide a more comprehensive investing experience for those seeking variety in forex and cryptocurrency trading.
| 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.
Both OANDA and Libertex (Forex Club) offer traders the convenience of simulated trading through free virtual demo accounts, allowing users to practice without risking real money. Both brokers provide proprietary platforms that are user-friendly and developed in-house, along with Windows-based desktop downloads and web-based platforms for trading in a browser. Copy trading is available on both platforms, and they support MetaTrader 4 (MT4). However, OANDA stands out by offering MetaTrader 5 (MT5), whereas Libertex does not include this newer version. Neither broker offers DupliTrade or ZuluTrade integrations.
When it comes to charting tools, OANDA excels with 431 drawing tools, overshadowing the 30 provided by Libertex. Both support direct trading from stock charts, enhancing the user experience. For watch lists, Libertex provides one additional column compared to OANDA, with seven fields available. Both brokers receive a solid rating of four out of five stars in the Trading Platforms and Tools category. However, OANDA is ranked significantly higher at #15, compared to Libertex's #50, out of 62 brokers ranked by ForexBrokers.com for this category. This discrepancy might suggest that OANDA offers a slightly superior overall trading platform experience.
| 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.
When comparing the mobile trading apps of OANDA and Libertex, both brokers offer apps for iPhone and Android users. They also provide essential features like stock and forex price alerts, along with the capacity to draw trendlines and view multiple time frames on charts. Traders on both platforms enjoy access to 30 technical studies, and can create watchlists with real-time quotes. However, a key difference arises in the syncing capabilities of watchlists—Libertex offers syncing between mobile and online accounts, while OANDA does not. On the other hand, OANDA excels with auto-saving of chart drawings, a feature absent in the Libertex app.
In terms of overall user satisfaction and industry rankings, OANDA stands out with a five-star rating for its mobile app, placing it as the seventh best among 62 brokers, according to ForexBrokers.com. In contrast, Libertex holds a four-star rating and is ranked 49th. These distinctions highlight OANDA's stronger mobile app user experience and higher acclaim among a wider broker comparison. Whether prioritizing convenience in syncing watchlists or seeking a highly rated app experience, traders have distinct choices between OANDA and Libertex for their mobile trading needs.
| 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 services, it's clear that OANDA leads in several key areas. OANDA provides daily market commentary, which is absent from Libertex's offerings. Both platforms deliver forex news from renowned sources like Bloomberg and Reuters, ensuring investors are well-informed. However, OANDA supports advanced technical analysis through Autochartist tools, a feature Libertex does not offer. Additionally, OANDA includes a sentiment-based trading tool to gauge market positions, whereas this is not available with Libertex.
OANDA and Libertex both offer an economic calendar to track global events, however, OANDA's overall research capabilities are highly rated, earning a 5-star rating compared to Libertex's 3 stars. Among the 62 brokers evaluated by ForexBrokers.com, OANDA is ranked at an impressive #5 for research, significantly outperforming Libertex, which ranks at #60. This stark difference highlights OANDA's strong focus and commitment to delivering comprehensive and effective market research tools and resources for its users.
| 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 | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for those new to forex and CFDs, OANDA stands out with a comprehensive selection to support beginners. They provide over ten educational materials such as articles, videos, and archived webinars that focus primarily on forex and CFDs trading. Additionally, OANDA hosts online educational webinars at least once a month and maintains a searchable archive of these sessions for convenient access. Beginner traders will find ample resources tailored specifically for them, including more than ten introductory videos. Moreover, OANDA offers a robust investor dictionary with definitions of over 50 investing terms, making it easier for newcomers to understand the trading jargon.
In contrast, while Libertex (Forex Club) also offers more than ten educational pieces on forex and CFDs, their offerings for beginner traders appear limited. They do not provide monthly educational webinars, nor do they maintain an archive of previously recorded sessions. For beginners looking for video content, Libertex does not meet the same offering as OANDA in this area. Furthermore, Libertex lacks an extensive investor dictionary, which might leave newcomers searching for additional resources elsewhere. With these differences in educational offerings, it's clear why OANDA receives a higher rating of 5 stars, ranking 22nd out of 62 brokers, compared to Libertex's 3 stars and 57th position in education.
| 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 62 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 #60.
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) | No | 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) | OANDA | 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 | 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 | 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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