Written by ForexBrokers.com
In this head to head comparison of Spreadex 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.
Spreadex and Libertex (Forex Club) are well-regarded online brokers with a history dating back to 1999 and 1997, respectively. While neither company is publicly traded or operates as a bank, both hold a valuable Tier-1 license, indicating a high level of trustworthiness in the industry. Spreadex scores a 71 on the ForexBrokers.com Trust Score, marking it as average risk, whereas Libertex (Forex Club) slightly edges ahead with a score of 73, placing it similarly in the average risk category.
Although both brokers have earned Tier-1 licenses, a key factor of credibility, neither holds any Tier-2 licenses, which also contribute to a broker’s trusted status. For those deciding between these brokers, Spreadex and Libertex (Forex Club) offer comparable regulatory standing and trust ratings, ensuring a generally secure experience for users seeking reliable trading platforms.
| Feature |
Spreadex
|
Libertex (Forex Club)
|
|---|---|---|
| Year Founded | 1999 | 1997 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 1 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 0 |
When comparing the commissions and fees of online brokers Spreadex and Libertex (Forex Club), it’s clear that each has distinct offerings. Spreadex stands out with an average spread of 0.81 pips for EUR/USD in January 2024, achieving a minimum spread of 0.6 pips 60% of the time, indicating cost efficiency for frequent traders. Meanwhile, Libertex does not provide average spread data, making it challenging for potential traders to gauge cost expectations effectively.
According to ForexBrokers.com, Spreadex earns a commendable 4-star rating in the commissions and fees category, highlighting its competitive pricing structure. It ranks 27th among 63 brokers, illustrating its superior standing in cost efficiency. On the other hand, Libertex (Forex Club) receives a lower rating of 3 stars, reflecting less competitive pricing structures. Its ranking at 62 out of 63 brokers further underscores its less favorable commission and fee structure.
In summary, for traders prioritizing low commission and fee structures, Spreadex offers a more attractive proposition, as evidenced by its higher star rating and better ranking compared to Libertex. While Spreadex provides more readily available and transparent spread data, Libertex's lack of average spread information leaves prospective traders with limited insights into potential trading costs.
| Feature |
Spreadex
|
Libertex (Forex Club)
|
|---|---|---|
| Minimum Deposit | $0 | $10 |
| Average Spread EUR/USD - Standard | 0.81 | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | No | Yes |
| ACH or SEPA Transfers | No | Yes |
| PayPal (Deposit/Withdraw) | No | Yes |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | No |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When it comes to the range of investments, Spreadex and Libertex (Forex Club) offer varied options for traders. Spreadex takes the lead by offering a staggering 10,000 tradeable symbols compared to Libertex's 300, providing users with a wider array of choices. Both brokers offer forex trading as CFDs or spot contracts, with Spreadex providing 52 tradeable forex pairs while Libertex is close behind with 51 pairs. While neither broker offers exchange-traded securities from U.S. or international exchanges, they both provide options for trading cryptocurrency derivatives, though not the actual cryptocurrencies. A notable distinction is seen in copy trading, which is available through Libertex but not with Spreadex.
In terms of industry ratings, Spreadex shines with a 5-star rating for its range of investments and holds the 13th position out of 63 brokers ranked by ForexBrokers.com. On the other hand, Libertex receives a 3.5-star rating and is placed 53rd, indicating a more limited range of investment opportunities compared to Spreadex. Overall, Spreadex offers a more expansive selection for traders seeking variety, while Libertex provides niche services such as copy trading.
| Feature |
Spreadex
|
Libertex (Forex Club)
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 300 |
| Forex Pairs (Total) | 52 | 51 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | No | 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 the trading platforms and tools offered by Spreadex and Libertex, both provide a proprietary platform developed in-house, ensuring tailored experiences for their users. They also offer web-based trading platforms that can be accessed through any browser. In addition, both brokers provide a free virtual demo account for simulated or paper trading, which is a valuable feature for novices and those testing strategies without financial risk. However, when it comes to Windows-based platforms, only Libertex provides a downloadable option, catering to those who prefer desktop applications. For traders interested in copy trading, Libertex supports this feature, whereas Spreadex does not. Notably, Libertex also offers the popular MetaTrader 4 platform, enhancing its versatility.
In terms of charting tools, both brokers allow direct trading from stock charts, facilitating quicker execution. Libertex offers a broader array of drawing tools, with 30 at hand, compared to Spreadex's 11. However, Spreadex edges slightly ahead in watch list customization by offering eight columns of data fields against Libertex's seven. Despite these differences, both brokers earn four out of five stars for their trading platforms and tools. Still, ForexBrokers.com ranks Spreadex at #46 in the category, whereas Libertex is at #50 among 63 brokers, indicating slight variations in user experience satisfaction. Overall, each platform provides valuable tools and features that cater to different trader preferences.
| Feature |
Spreadex
|
Libertex (Forex Club)
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | No | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 58 | 15 |
| Charting - Drawing Tools (Total) | 11 | 30 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 8 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Spreadex and Libertex both offer mobile trading apps compatible with iPhone and Android devices, making them accessible to a wide range of users. Traders can receive stock and forex price alerts on both apps, enhancing their trading experience with timely updates. While both platforms allow the creation of watchlists with real-time quotes, Libertex stands out by offering watchlist symbol syncing. This feature allows changes to sync automatically between the mobile app and the user's online account. Additionally, Libertex provides 30 technical studies for charting, while Spreadex does not specify this feature.
Charting on both Spreadex and Libertex mobile apps supports drawing trend lines and viewing different timeframes, like daily or weekly. However, neither app currently saves chart drawings automatically. Despite these similarities and unique features, both apps receive a solid 4-star rating from users, reflecting general satisfaction. Spreadex is ranked slightly higher at #46 compared to Libertex’s #49 position out of 63 brokers for mobile trading apps, according to ForexBrokers.com. This suggests both apps offer competitive features and user satisfaction in the mobile trading space.
| Feature |
Spreadex
|
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 | N/A | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing market research offerings of Spreadex and Libertex, some distinct differences arise. Spreadex provides daily market commentary and exceptional forex news from industry giants like Bloomberg, Reuters, and Dow Jones. Enhancing its research capabilities, Spreadex offers Autochartist tools for technical and fundamental analysis, along with sentiment-based tools that track long and short positions across various instruments. Spreadex also boasts an economic calendar to keep traders informed about global news events. Conversely, while Libertex also provides forex news from leading sources and an economic calendar, it does not offer daily market commentary, Autochartist tools, or sentiment-based trading tools.
In terms of overall research quality, Spreadex outshines Libertex with a rating of 4 stars compared to 3 for Libertex. This is further evidenced by their respective rankings on ForexBrokers.com, with Spreadex placed at #31 compared to Libertex's position at #61 out of 63 brokers. These factors highlight Spreadex as a stronger choice for in-depth market research, providing traders with a well-rounded suite of tools and resources to make informed trading decisions.
| Feature |
Spreadex
|
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 beginner traders, both Spreadex and Libertex cater well to newcomers by providing a minimum of ten educational pieces, such as articles and videos, focusing on forex or CFDs. However, if you are a novice seeking more engaging, visual content, Spreadex has the upper hand. They offer more than ten beginner-friendly educational videos specifically tailored for those just starting in trading, compared to Libertex which lacks this comprehensive video library for beginners. Both platforms, however, fall short in offering online educational webinars or a searchable archive of past webinars, which might be a limitation for those who prefer interactive learning experiences.
Additionally, Spreadex shines with an extensive investor dictionary offering definitions of over 50 investing terms, a helpful tool for demystifying the jargon often encountered in trading. Unfortunately, Libertex does not offer a similar resource. In terms of ratings, Spreadex earns a solid four stars for its educational offerings, while Libertex is rated slightly lower at three stars. According to ForexBrokers.com, Spreadex is ranked 45th out of 63 brokers for education, whereas Libertex is positioned at 57th, making Spreadex the more favorable choice for beginners seeking a wider variety of educational resources and a better-rated learning experience.
| Feature |
Spreadex
|
Libertex (Forex Club)
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | 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 63 of the best forex brokers, our research and account testing finds that Spreadex is better than Libertex (Forex Club). Spreadex finished with an overall rank of #39, while Libertex (Forex Club) finished with an overall rank of #61.
Spreadex is an FCA-regulated broker in the UK, offering forex and CFDs, and is well known for its sports betting business, and proprietary web trading platforms. Spreadex still has considerable room to improve, in key categories such as research and education, compared to the best forex brokers.
| Feature |
Spreadex
|
Libertex (Forex Club)
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 71 | 73 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platforms & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
Both Spreadex and Libertex (Forex Club) allow investors to buy cryptocurrency derivatives, but neither offers the option to purchase actual delivered cryptocurrencies.
When comparing online brokers, Spreadex and Libertex (Forex Club) differ significantly in their fund transfer options; Spreadex supports bank wires and credit card transfers via Visa or Mastercard, while Libertex leads with a wider array of options, including ACH, SEPA, PayPal, and Skrill, although it lacks support for credit card 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.
Select Brokers
↓×Compare
0 of 5| Overall Rating | Spreadex | Libertex (Forex Club) | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 71 | 73 | |
| Winner | check_circle | ||
| Review | Spreadex Review |
| Broker Screenshots | Spreadex | Libertex (Forex Club) | |
|---|---|---|---|
| Broker Gallery (click to expand) |
|
| Regulation | Spreadex | Libertex (Forex Club) | |
|---|---|---|---|
| Trust Score | 71 | 73 | |
| Year Founded | 1999 | 1997 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 1 | 1 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 0 |
| Tier-1 Licenses (Highly Trusted) | Spreadex | Libertex (Forex Club) | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | 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) | |||
| 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). | No | Yes |
| Tier-2 Licenses (Trusted) | Spreadex | 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 | Spreadex | Libertex (Forex Club) | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 300 | |
| Forex Pairs (Total) | 52 | 51 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | No | 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 | Spreadex | Libertex (Forex Club) | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.81 | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Spreadex | Libertex (Forex Club) | |
|---|---|---|---|
| Minimum Deposit | $0 | $10 | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | No | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | Yes |
| Trading Platforms | Spreadex | Libertex (Forex Club) | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | No | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Spreadex | Libertex (Forex Club) | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 8 | 7 | |
| Charting - Indicators / Studies (Total) | 58 | 15 | |
| Charting - Drawing Tools (Total) | 11 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Spreadex | 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 | N/A | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Spreadex | 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 | Spreadex | Libertex (Forex Club) | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | No | Yes | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | Spreadex | 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 | Spreadex Review |
| Overall | Spreadex | Libertex (Forex Club) | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 71 | 73 | |
| Winner | check_circle | ||
| Review | Spreadex Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill