Written by ForexBrokers.com
In this head to head comparison of Trade Nation 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.
Trade Nation, established in 2014, is an online broker known for its high level of trustworthiness, as evidenced by its Trust Score of 85 out of 99 from ForexBrokers.com. With two Tier-1 licenses and one Tier-2 license, Trade Nation is considered a trusted platform for online trading. Not publicly traded and not operating as a bank, Trade Nation offers a reliable option for traders who prioritize regulatory oversight and security.
In contrast, Libertex (Forex Club) has been in operation since 1997 and holds a Trust Score of 73, placing it in the average risk category. Unlike Trade Nation, Libertex has only one Tier-1 license and does not possess any Tier-2 licenses, which could be a consideration for those interested in regulatory backing. Like Trade Nation, Libertex is also neither publicly traded nor a banking institution, providing another alternative for traders seeking established online trading platforms.
| Feature |
Trade Nation
|
Libertex (Forex Club)
|
|---|---|---|
| Year Founded | 2014 | 1997 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 0 |
Trade Nation stands out for its competitive pricing structure, offering both fixed and variable spreads across its platforms. On its proprietary TN Trader platform, spreads are fixed, making it easy for traders to anticipate costs. For example, the fixed spread for the popular EUR/USD pair is set at 0.6 pips, though it may peak at 1.4 pips during the daily rollover period. The company also supports commission-free trading as well as a Raw Spread account option on its MetaTrader platform, which charges a $3.50 commission per side per standard lot. This diverse offering provides traders with flexibility and transparency, earning Trade Nation a 5-star rating in commissions and fees.
In comparison, Libertex (Forex Club) does not provide comprehensive average spread data, making it challenging for traders to fully understand the costs associated with using their platform. This lack of transparency results in a lower rating for Libertex, with the broker earning just 3 stars for commissions and fees. Without the valuable insight into spread averages, traders may find it difficult to gauge potential expenses accurately, which could impact trading decisions.
Ranked 7th out of 63 brokers in the commissions and fees category by ForexBrokers.com, Trade Nation excels in offering a clear and predictable pricing model. Meanwhile, Libertex lags significantly in the same category, coming in at 62nd place, which reflects the less favorable assessment of its fee structure. This contrast highlights Trade Nation's commitment to an easy-to-understand and transparent fee system, appealing to traders mindful of cost efficiency.
| Feature |
Trade Nation
|
Libertex (Forex Club)
|
|---|---|---|
| Minimum Deposit | $0 | $10 |
| Average Spread EUR/USD - Standard | 0.6 | N/A |
| All-in Cost EUR/USD - Active | 0.6 | N/A |
| Active Trader or VIP Discounts | No | Yes |
| ACH or SEPA Transfers | No | Yes |
| PayPal (Deposit/Withdraw) | No | 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.
Trade Nation and Libertex (Forex Club) both offer a wide array of investment options suited for different types of traders, with notable similarities but distinct differences in their offerings. Trade Nation provides access to 1,000 tradeable symbols, encompassing 46 forex pairs available as CFDs or spot contracts, along with cryptocurrency derivatives. Libertex, while presenting a smaller pool of 300 tradeable symbols, offers a slightly larger selection of 51 forex pairs, also as CFDs or spot contracts, and provides similar access to cryptocurrency derivatives.
Both platforms do not support the purchase of exchange-traded securities on U.S. or international exchanges, such as Apple or Vodafone shares. They also do not facilitate the purchasing of actual cryptocurrencies. The two platforms offer copy trading, catering to novice investors looking to leverage the expertise of seasoned traders. In terms of overall ratings for Range of Investments, both Trade Nation and Libertex are rated 3.5 out of 5 stars. However, Trade Nation is positioned higher in ForexBrokers.com's ranking at 38th out of 63 brokers, compared to Libertex's 53rd place, which may influence a trader’s choice based on available assets.
| Feature |
Trade Nation
|
Libertex (Forex Club)
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1000 | 300 |
| Forex Pairs (Total) | 46 | 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) | 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 evaluating the trading platforms and tools offered by Trade Nation and Libertex (Forex Club), both brokers provide a comprehensive suite of features that cater to a variety of trading needs. They each offer free virtual demo accounts, allowing newcomers to practice their strategies without financial risk. Both brokers have their own proprietary platforms and support MetaTrader 4, but neither offers MetaTrader 5. Additionally, Trade Nation and Libertex provide web-based and Windows desktop platforms, along with the popular option of copy trading. However, neither supports DupliTrade or ZuluTrade, meaning individuals seeking these specific services should look elsewhere.
In terms of technical tools, Trade Nation offers a more expansive array of drawing tools, with 39 options compared to Libertex’s 30, although both lack a specific count of technical indicators. Chart trading is a unique feature available only with Libertex. Looking at watch lists, Trade Nation delivers more flexibility with 14 customizable fields compared to 7 with Libertex. Despite these differences, both brokers receive a solid 4-star rating out of five for their trading platforms and tools, although Trade Nation is ranked slightly higher at 44th compared to Libertex at 50th out of 63 brokers on ForexBrokers.com. This highlights that while they share many similarities, there are nuances that may sway personal preference depending on specific trading needs.
| Feature |
Trade Nation
|
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) | No | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 115 | 15 |
| Charting - Drawing Tools (Total) | 39 | 30 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | 14 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading, both Trade Nation and Libertex (Forex Club) cater to their clients by offering apps for iPhone and Android devices. Users of both platforms can enjoy features such as stock and forex price alerts, watchlist symbol syncing for seamless management across devices, and the capability to create watchlists with real-time quotes. Both apps also support technical analysis, allowing traders to draw trendlines and view different time frames on charts, whether it's daily, weekly, or intraday. However, one notable difference is that Trade Nation automatically saves drawings on charts, a feature that is missing from the Libertex app, potentially giving it an edge for those who frequently annotate their market analysis.
In terms of charting options, Trade Nation shines by offering 99 technical studies in its mobile app, compared to Libertex’s 30. Despite this, both platforms are rated at 4 out of 5 stars for their mobile trading apps, indicating strong user satisfaction. When looking at the broader market context, ForexBrokers.com ranks Trade Nation slightly ahead at #45, leaving Libertex just behind at #49 out of 63 brokers. These rankings suggest that while both platforms provide solid mobile trading experiences, Trade Nation might offer a bit more in terms of advanced charting features for traders who rely heavily on technical analysis.
| Feature |
Trade Nation
|
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 | 99 | 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 the market research offerings of Trade Nation and Libertex (Forex Club), both brokers present distinct features to consider. Trade Nation provides daily market commentary, which can be a valuable resource for those seeking timely insights. While both platforms deliver forex news from leading sources like Bloomberg and Reuters, Trade Nation stands out with its sentiment-based trading tool that reveals the ratio of long or short positions across currency pairs, aiding decision-making for traders. Furthermore, Trade Nation has partnered with Acuity Trading to offer tools like Signal Centre, enhancing technical insights for users. However, it lacks an economic calendar, a feature that Libertex provides to keep traders informed of upcoming global news events.
For traders seeking a comprehensive research experience, it's essential to note that both brokers have room for improvement in their technical analysis tools, as neither offers resources from companies like Autochartist or Trading Central. Despite this, Trade Nation edges ahead with a slightly higher research rating of 3.5 stars compared to Libertex's 3 stars, and it's ranked #42 out of 63 brokers by ForexBrokers.com in the Research category. In contrast, Libertex is ranked #61, indicating a less competitive research offering overall. These differences can guide traders in choosing the platform that best fits their research needs and trading strategies.
| Feature |
Trade Nation
|
Libertex (Forex Club)
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | Yes | No |
| Economic Calendar | No | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginner traders seeking educational resources in the forex and CFDs realm, both Trade Nation and Libertex (Forex Club) offer a range of materials. Trade Nation provides a more comprehensive offering tailored for newcomers, with at least 10 beginner-friendly educational videos specifically designed to help those starting out in trading. They also provide a detailed investor dictionary featuring definitions for over 50 investing terms, making it a great starting point for new traders building their foundational knowledge. In comparison, Libertex also offers over 10 general educational pieces, but it lacks the same focus on beginner-specific video content and an extensive investor dictionary, which could be beneficial for those new to trading.
In terms of more advanced educational material, both Trade Nation and Libertex cater to experienced traders by offering more than 10 advanced videos covering specific trading topics. However, neither platform hosts regular online webinars nor provides a searchable archive of recorded client webinars, which could enhance the educational experience. According to ForexBrokers.com, Trade Nation holds a slightly higher education rating of 3.5 stars, ranking 41 out of 63 brokers in this category, while Libertex receives a 3-star rating, coming in at rank 57. Trade Nation's resources, including its advanced educational videos and investor dictionary, might edge it ahead for those starting on their trading journey while still offering valuable insights for more seasoned traders.
| Feature |
Trade Nation
|
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 | 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 Trade Nation is better than Libertex (Forex Club). Trade Nation finished with an overall rank of #34, while Libertex (Forex Club) finished with an overall rank of #61.
Trade Nation’s well-designed, easy-to-use trading app is an innovative trading platform that’s great for beginner forex and CFD traders. However, if you’re a seasoned trader, you may find that Trade Nation lacks advanced features compared to the best trading platforms.
| Feature |
Trade Nation
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Libertex (Forex Club)
|
|---|---|---|
| Overall Rating |
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| Trust Score | 85 | 73 |
| Range of Investments |
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Both Trade Nation and Libertex (Forex Club) do not offer the ability to buy actual delivered cryptocurrency, but they do provide options to trade cryptocurrency derivatives.
When comparing the online brokers Trade Nation and Libertex (Forex Club), Trade Nation allows deposits and withdrawals via Skrill, Visa or Mastercard, and bank wires, but lacks support for ACH, SEPA, and PayPal, whereas Libertex (Forex Club) provides options for ACH, SEPA, PayPal, Skrill, and bank wires but does not accept Visa or Mastercard.
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 | Trade Nation | Libertex (Forex Club) | |
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| Trust Score | 85 | 73 | |
| Winner | check_circle | ||
| Review | Trade Nation Review |
| Broker Screenshots | Trade Nation | Libertex (Forex Club) | |
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| Regulation | Trade Nation | Libertex (Forex Club) | |
|---|---|---|---|
| Trust Score | 85 | 73 | |
| Year Founded | 2014 | 1997 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 0 |
| Tier-1 Licenses (Highly Trusted) | Trade Nation | Libertex (Forex Club) | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | 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) | No | No | |
| 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) | Trade Nation | Libertex (Forex Club) | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Trade Nation | Libertex (Forex Club) | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1000 | 300 | |
| Forex Pairs (Total) | 46 | 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) | 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 | Trade Nation | Libertex (Forex Club) | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.6 | N/A | |
| All-in Cost EUR/USD - Active | 0.6 | N/A | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Trade Nation | Libertex (Forex Club) | |
|---|---|---|---|
| Minimum Deposit | $0 | $10 | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | No | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | Yes |
| Trading Platforms | Trade Nation | 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) | No | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Trade Nation | Libertex (Forex Club) | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 14 | 7 | |
| Charting - Indicators / Studies (Total) | 115 | 15 | |
| Charting - Drawing Tools (Total) | 39 | 30 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | No | Yes |
| Mobile Trading | Trade Nation | 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 | 99 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | No | Yes |
| Research | Trade Nation | Libertex (Forex Club) | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | No | Yes |
| Education | Trade Nation | 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 | Yes | Yes | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | Trade Nation | 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 | Trade Nation Review |
| Overall | Trade Nation | Libertex (Forex Club) | |
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| Trust Score | 85 | 73 | |
| Winner | check_circle | ||
| Review | Trade Nation Review |
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