Written by ForexBrokers.com
In this head to head comparison of Questrade 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.
Questrade, established in 2000, and Libertex (Forex Club), founded in 1997, are both well-known platforms for online trading, yet they differ in their regulatory standings and trust ratings. Neither company is publicly traded or operates as a bank, but their regulatory certifications vary. Questrade holds two Tier-1 licenses, regarded as highly trusted according to ForexBrokers.com, leading to a Trust Score of 86, which places it in the trusted category. In contrast, Libertex (Forex Club) possesses one Tier-1 license, achieving a Trust Score of 73, suggesting an average risk level to traders.
Whether you're new to trading or have experience, understanding how these platforms are regulated is critical. Questrade's stronger regulatory stance may appeal to those looking for higher trust, whereas Libertex (Forex Club) might attract traders comfortable with its moderate risk profile. Evaluating these aspects helps you make an informed decision tailored to your trading needs and risk tolerance.
| Feature |
Questrade
|
Libertex (Forex Club)
|
|---|---|---|
| Year Founded | 2000 | 1997 |
| Publicly Traded (Listed) | ||
| Bank | ||
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 0 |
When comparing commissions and fees between online brokers Questrade and Libertex (Forex Club), both have areas that might catch your attention. Questrade's target spreads on the commonly traded EUR/USD pair come in at 1.9 pips, which is higher than the industry average. This might be something to consider if you frequently trade this currency pair, as it could impact your trading costs over time.
On the other hand, Libertex (Forex Club) does not provide average spread data for comparison, making it more challenging to gauge potential trading costs upfront. This lack of transparency might be a downside if you're a trader who values clear information on trading fees.
Considering ratings and rankings, both brokers received 3 out of 5 stars for their commissions and fees. In terms of ranking among 63 brokers on ForexBrokers.com, Questrade stands at #58, while Libertex (Forex Club) is positioned slightly lower at #62. These rankings suggest that there might be other brokers offering more competitive fee structures if cost efficiency is a top priority for you.
| Feature |
Questrade
|
Libertex (Forex Club)
|
|---|---|---|
| Minimum Deposit | $250 | $10 |
| Average Spread EUR/USD - Standard | N/A | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | Yes | |
| ACH or SEPA Transfers | Yes | |
| PayPal (Deposit/Withdraw) | Yes | |
| Skrill (Deposit/Withdraw) | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Questrade and Libertex (Forex Club) both offer forex trading through CFDs or spot contracts, making them popular choices for forex traders. Questrade impresses with a wide array of 641 tradeable symbols compared to Libertex's 300. If diversifying your investments is a priority, Questrade offers a significant advantage with 110 forex pairs, over double the 51 pairs available with Libertex. Additionally, Questrade provides access to exchange-traded securities on both U.S. and international exchanges, giving clients the opportunity to invest in companies like Apple and Vodafone. In contrast, Libertex focuses more on contracts for difference (CFDs) without offering direct access to exchange-traded securities.
Despite these differences, both brokers allow users to trade cryptocurrency derivatives, although neither supports the purchase of actual cryptocurrencies. For those interested in copy trading, Libertex offers this feature, which could be appealing to users looking to mirror the trading strategies of successful investors. When it comes to the range of investment options, Questrade earns a 5-star rating, reflecting its extensive offerings, while Libertex receives 3.5 stars. This is further highlighted by Questrade's higher ranking of #11 compared to Libertex's position at #53 in the Range of Investments category by ForexBrokers.com.
| Feature |
Questrade
|
Libertex (Forex Club)
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 641 | 300 |
| Forex Pairs (Total) | 110 | 51 |
| U.S. Stock Trading (Non CFD) | Yes | |
| Int'l Stock Trading (Non CFD) | Yes | |
| Social Trading / Copy Trading | Yes | |
| Cryptocurrency (Physical) | ||
| 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). |
Dive deeper: Best Copy Trading Platforms.
Questrade and Libertex (Forex Club) both offer competitive trading experiences with their platforms and tools. Each broker provides a proprietary platform developed in-house, as well as a web-based browser option and a desktop application for Windows. For those looking to practice their trading strategies, both platforms offer simulated trading with a virtual demo account. While Questrade and Libertex both allow trading directly from stock charts, they diverge in their support for copy trading and MetaTrader platforms. Libertex provides copy trading and access to the popular MetaTrader 4, although neither broker currently offers MetaTrader 5 or ZuluTrade. Questrade, on the other hand, supports the use of DupliTrade for trading automation.
When it comes to charting and user customization, Questrade offers 20 drawing tools and the ability to monitor a whopping 52 columns in its watchlists, making it ideal for traders requiring detailed data. In contrast, Libertex offers more drawing tools, with a total of 30, but fewer fields for watchlists at just seven columns. Both platforms hold a solid four-star rating for their trading platforms and tools. However, Questrade is slightly ahead in the rankings by ForexBrokers.com, positioned at 34th out of 63 brokers, compared to Libertex's rank of 50th, reflecting a slight edge in overall platform experience. Overall, traders can enjoy a comprehensive set of tools and platforms with either broker, but subtle differences may sway preference based on individual needs.
| Feature |
Questrade
|
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 | |
| MetaTrader 4 (MT4) | Yes | |
| MetaTrader 5 (MT5) | ||
| DupliTrade | Yes | |
| ZuluTrade | ||
| Charting - Indicators / Studies (Total) | 64 | 15 |
| Charting - Drawing Tools (Total) | 20 | 30 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 52 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading, both Questrade and Libertex (Forex Club) cater to iPhone and Android users with their robust apps. Each platform provides convenient features like stock and forex price alerts and syncable watchlists that update effortlessly across devices. While both apps excel in many areas, Questrade offers a greater number of technical studies, featuring 64 compared to Libertex's 30, giving traders more tools to analyze market trends. Additionally, Questrade supports auto-saving of chart drawings, an area where Libertex falls short.
Both apps enable users to draw trendlines and view various time frames on their charts, providing a comprehensive trading experience. Creating watchlists with real-time quotes is seamless on both platforms. In terms of user satisfaction, both apps receive a rating of 4 out of 5 stars for mobile trading. However, Questrade ranks higher at #34 compared to Libertex's #49 according to ForexBrokers.com, suggesting a slightly more favorable overall user experience.
| Feature |
Questrade
|
Libertex (Forex Club)
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 64 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
In the realm of market research offerings, Questrade and Libertex (Forex Club) present distinct advantages and limitations for traders. Questrade does not provide daily market commentary or forex news from premier sources like Bloomberg and Reuters, but it makes up for this by offering users technical analysis tools from Autochartist and Trading Central. Traders keen on insights will appreciate its market research support from TipRanks and the inclusion of a comprehensive economic calendar for tracking global events. However, while Questrade has its strengths, it lacks a sentiment-based trading tool and additional research tools from Acuity Trading.
On the other hand, Libertex (Forex Club) stands out by providing forex news from high-tier outlets, keeping traders updated with real-time information. It also features an economic calendar akin to Questrade, but it falls short in technical analysis offerings as it doesn't provide tools from Autochartist or Trading Central. It also lacks market research from TipRanks and other analytical tools from companies like Acuity Trading. Both platforms have room for improvement, with Questrade earning a 3.5-star research rating ranked 51st out of 63 brokers and Libertex garnering a slightly lower 3-star rating, positioned at 61st in the research category according to ForexBrokers.com.
| Feature |
Questrade
|
Libertex (Forex Club)
|
|---|---|---|
| Daily Market Commentary | ||
| Forex News (Top-Tier Sources) | Yes | |
| Autochartist | Yes | |
| Trading Central (Recognia) | Yes | |
| Social Sentiment - Currency Pairs | ||
| TipRanks | Yes | |
| Signal Centre (Acuity Trading) | ||
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational resources for beginners offered by Questrade and Libertex (Forex Club), both online brokers provide foundational materials targeting forex and CFD topics. Questrade has a collection of over 10 pieces of educational content, such as articles and videos, focusing on these areas. Similarly, Libertex also meets this criterion by offering a similar quantity of educational resources. Those looking for ongoing learning opportunities will find that Questrade excels in providing additional recorded webinar archives, allowing users to revisit key trading insights at their convenience. While both platforms offer a respectable foundation in beginner education, it's worth noting that Questrade further distinguishes itself with a substantial library of beginner videos specifically tailored for new traders.
In terms of educational ratings and rankings, Questrade slightly outshines Libertex with a 3.5-star rating and a placement of 36 out of 63 brokers. Libertex, while offering solid content for seasoned traders through advanced educational videos, holds a 3-star rating and ranks 57th in education. While neither broker provides features like monthly webinars or a comprehensive investor dictionary, beginners aiming to solidify their understanding of trading basics might gravitate towards Questrade for its more accessible beginner-centric resources, whereas those seeking more advanced insights might appreciate Libertex's focus on experienced trader content.
| Feature |
Questrade
|
Libertex (Forex Club)
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | ||
| Client Webinars (Archived) | Yes | |
| Videos - Beginner Trading Videos | Yes | |
| Videos - Advanced Trading Videos | Yes | |
| Investor Dictionary (Glossary) |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that Questrade is better than Libertex (Forex Club). Questrade finished with an overall rank of #32, while Libertex (Forex Club) finished with an overall rank of #61.
Regulated in both the U.S. and Canada, Questrade is a trusted full-service multi-asset broker now offering forex and CFDs alongside its stock trading services for active and passive investors. While its scope of educational resources and in-house research is limited, Questrade has an impressive platform lineup.
| Feature |
Questrade
|
Libertex (Forex Club)
|
|---|---|---|
| Overall Rating |
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| Trust Score | 86 | 73 |
| Range of Investments |
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While both Questrade and Libertex (Forex Club) provide the capability to trade cryptocurrency derivatives, neither platform currently offers the option to purchase actual, delivered cryptocurrency.
When comparing the deposit and withdrawal options between online brokers Questrade and Libertex (Forex Club), Libertex supports ACH and SEPA transfers, PayPal, and Skrill, while Questrade offers Visa or Mastercard and both platforms allow bank wire 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 | Questrade | Libertex (Forex Club) | |
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| Trust Score | 86 | 73 | |
| Winner | check_circle | ||
| Review | Questrade Review |
| Broker Screenshots | Questrade | Libertex (Forex Club) | |
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| Broker Gallery (click to expand) |
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| Regulation | Questrade | Libertex (Forex Club) | |
|---|---|---|---|
| Trust Score | 86 | 73 | |
| Year Founded | 2000 | 1997 | |
| Publicly Traded (Listed) | |||
| Bank | |||
| Regulated in one or more EU or EEA countries (MiFID). | Yes | ||
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 0 |
| Tier-1 Licenses (Highly Trusted) | Questrade | Libertex (Forex Club) | |
|---|---|---|---|
| Australia (ASIC Authorised) | |||
| Canada (CIRO Authorised) | Yes | ||
| Hong Kong (SFC Authorised) | |||
| Japan (SFC Authorised) | |||
| Singapore (MAS Authorised) | |||
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | |||
| USA (CFTC Authorized) | |||
| New Zealand (FMA Authorised) | |||
| Regulated in one or more EU or EEA countries (MiFID). | Yes |
| Tier-2 Licenses (Trusted) | Questrade | Libertex (Forex Club) | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | |||
| South Africa (FSCA Authorised) | |||
| UAE (DFSA/Central Bank Authorised) | |||
| India (SEBI Authorised) | |||
| Jordan (JSC Authorised) |
| Investments | Questrade | Libertex (Forex Club) | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 641 | 300 | |
| Forex Pairs (Total) | 110 | 51 | |
| U.S. Stock Trading (Non CFD) | Yes | ||
| Int'l Stock Trading (Non CFD) | Yes | ||
| Social Trading / Copy Trading | Yes | ||
| Cryptocurrency (Physical) | |||
| 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). |
| Cost | Questrade | Libertex (Forex Club) | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | Yes | ||
| Inactivity Fee | |||
| Execution: Agency Broker | Yes | ||
| Execution: Market Maker | Yes |
| Funding | Questrade | Libertex (Forex Club) | |
|---|---|---|---|
| Minimum Deposit | $250 | $10 | |
| PayPal (Deposit/Withdraw) | Yes | ||
| Skrill (Deposit/Withdraw) | Yes | ||
| Visa/Mastercard (Credit/Debit) | Yes | ||
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes |
| Trading Platforms | Questrade | Libertex (Forex Club) | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | ||
| MetaTrader 4 (MT4) | Yes | ||
| MetaTrader 5 (MT5) | |||
| cTrader | |||
| DupliTrade | Yes | ||
| ZuluTrade |
| Trading Tools | Questrade | Libertex (Forex Club) | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 52 | 7 | |
| Charting - Indicators / Studies (Total) | 64 | 15 | |
| Charting - Drawing Tools (Total) | 20 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Questrade | Libertex (Forex Club) | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | Yes | |
| Mobile Charting - Indicators / Studies | 64 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | ||
| Mobile Economic Calendar | Yes | Yes |
| Research | Questrade | Libertex (Forex Club) | |
|---|---|---|---|
| Daily Market Commentary | |||
| Forex News (Top-Tier Sources) | Yes | ||
| Autochartist | Yes | ||
| Trading Central (Recognia) | Yes | ||
| TipRanks | Yes | ||
| Social Sentiment - Currency Pairs | |||
| Economic Calendar | Yes | Yes |
| Education | Questrade | Libertex (Forex Club) | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | |||
| Client Webinars (Archived) | Yes | ||
| Videos - Beginner Trading Videos | Yes | ||
| Videos - Advanced Trading Videos | Yes | ||
| Investor Dictionary (Glossary) |
| Major Forex Pairs | Questrade | 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 | Questrade Review |
| Overall | Questrade | Libertex (Forex Club) | |
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| Trust Score | 86 | 73 | |
| Winner | check_circle | ||
| Review | Questrade Review |
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