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Libertex (Forex Club) vs Xtrade 2024

ForexBrokers.com

Written by ForexBrokers.com

August 29, 2023

Is Libertex (Forex Club) better than Xtrade? In our analysis of 23 international regulators across 62 of the best forex brokers, Libertex (Forex Club) is considered Average Risk, with an overall Trust Score of 73 out of 99. Xtrade is considered trusted, with an overall Trust Score of 80 out of 99. Learn more about Trust Score.

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Compare

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Overall Rating Libertex (Forex Club) Xtrade
Overall Rating info 3.5/5 Stars 3.5/5 Stars
Commissions & Fees 3/5 Stars 2.5/5 Stars
Offering of Investments 3.5/5 Stars 3.5/5 Stars
Platform & Tools 4/5 Stars 3/5 Stars
Mobile Trading 4/5 Stars 3/5 Stars
Research 3/5 Stars 3/5 Stars
Education 3/5 Stars 3.5/5 Stars
Trust Score info 73 80
Winner check_circle
Review
Broker Screenshots Libertex (Forex Club) Xtrade
Trading Platforms Gallery (click to expand) info
Mobile Trading Gallery (click to expand) info
Research Gallery (click to expand) info
Education Gallery (click to expand) info
Regulation Libertex (Forex Club) Xtrade
Trust Score info 73 80
Year Founded info 1997 2003
Publicly Traded (Listed) info No No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes
Tier-1 Licenses info 1 2
Tier-2 Licenses info 0 1
Tier-3 Licenses info 0 0
Tier-4 Licenses info 0 1
Tier-1 Licenses (Highly Trusted) Libertex (Forex Club) Xtrade
Australia (ASIC Authorised) info No Yes
Canada (CIRO Authorised) info No No
Hong Kong (SFC Authorised) info No No
Japan (SFC Authorised) info No No
Singapore (MAS Authorised) info No No
Switzerland (FINMA Authorised) info No No
United Kingdom (U.K.) (FCA Authorised) info No No
USA (CFTC Authorized) info No No
New Zealand (FMA Authorised) info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes
Tier-2 Licenses (Trusted) Libertex (Forex Club) Xtrade
Kenya (CMA Authorised) info No No
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info No Yes
UAE (DFSA/Central Bank Authorised) info No No
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info No No
Investments Libertex (Forex Club) Xtrade
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 300 142
Forex Pairs (Total) info 51 56
U.S. Stock Trading (Non CFD) info No No
Int'l Stock Trading (Non CFD) info No No
Social Trading / Copy Trading info Yes No
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info 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 Libertex (Forex Club) Xtrade
Average Spread EUR/USD - Standard info N/A info N/A info
All-in Cost EUR/USD - Active info N/A info N/A info
Active Trader or VIP Discounts info Yes Yes
Inactivity Fee info No No
Execution: Agency Broker info No No
Execution: Market Maker info Yes Yes
Funding Libertex (Forex Club) Xtrade
Minimum Deposit info $10 $250
PayPal (Deposit/Withdraw) info Yes No
Skrill (Deposit/Withdraw) info Yes Yes
Visa/Mastercard (Credit/Debit) info No Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
Trading Platforms Libertex (Forex Club) Xtrade
Proprietary Platform info Yes Yes
Desktop Platform (Windows) info Yes No
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes No
MetaTrader 4 (MT4) info Yes No
MetaTrader 5 (MT5) info No No
cTrader info No No
DupliTrade info No No
ZuluTrade info No No
Trading Tools Libertex (Forex Club) Xtrade
Virtual Trading (Demo) info Yes Yes
Alerts - Basic Fields info Yes No
Watchlists - Total Fields info 7 9
Charting - Indicators / Studies (Total) info 15 N/A
Charting - Drawing Tools (Total) info 30 18
Charting - Trade From Chart info Yes No
Charts can be saved info Yes No
Mobile Trading Libertex (Forex Club) Xtrade
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes No
Mobile Watchlist info Yes No
Watchlist Syncing info Yes No
Mobile Charting - Indicators / Studies info 30 N/A
Mobile Charting - Draw Trendlines info Yes No
Mobile Charting - Multiple Time Frames info Yes No
Mobile Charting - Drawings Autosave info No No
Mobile Economic Calendar info Yes No
Research Libertex (Forex Club) Xtrade
Daily Market Commentary info No Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No No
Trading Central (Recognia) info No No
TipRanks info No No
Social Sentiment - Currency Pairs info No No
Economic Calendar info Yes Yes
Education Libertex (Forex Club) Xtrade
Education (Forex or CFDs) info Yes Yes
Client Webinars info No No
Client Webinars (Archived) info No No
Videos - Beginner Trading Videos info No No
Videos - Advanced Trading Videos info Yes No
Investor Dictionary (Glossary) info No Yes
Major Forex Pairs Libertex (Forex Club) Xtrade
GBP/USD info Yes Yes
USD/JPY info Yes Yes
EUR/USD info Yes Yes
USD/CHF info Yes Yes
USD/CAD info Yes Yes
NZD/USD info Yes Yes
AUD/USD info Yes Yes
Review
Overall Libertex (Forex Club) Xtrade
Overall Rating info 3.5/5 Stars 3.5/5 Stars
Commissions & Fees 3/5 Stars 2.5/5 Stars
Offering of Investments 3.5/5 Stars 3.5/5 Stars
Platform & Tools 4/5 Stars 3/5 Stars
Mobile Trading 4/5 Stars 3/5 Stars
Research 3/5 Stars 3/5 Stars
Education 3/5 Stars 3.5/5 Stars
Trust Score info 73 80
Winner check_circle
Review
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Libertex (Forex Club) vs Xtrade Comparison

We’ve made it easy to compare the best forex brokers, side-by-side. Our editorial team has collected thousands of data points, written hundreds of thousands of words of research, and tested over 60 brokers to help you find the best forex brokers in the industry. Our research is unbiased and independent; learn more about how we test. That same research and data powers our broker comparisons. Let's compare Libertex (Forex Club) vs Xtrade.

Can I trust Libertex (Forex Club)?

Libertex (Forex Club) is not publicly traded and does not operate a bank. Libertex (Forex Club) is authorised by one Tier-1 regulator (Highly Trusted), zero tier-2 regulator (Trusted), zero tier-3 regulators (Average Risk), and zero tier-4 regulators (High Risk). Libertex (Forex Club) is authorised by the following Tier-1 regulators: Regulated in the European Union via the MiFID passporting system.

Can I trust Xtrade?

Xtrade is not publicly traded and does not operate a bank. Xtrade is authorised by two Tier-1 regulators (highly trusted), one Tier-2 regulator (trusted), zero Tier-3 regulators (average risk), and one Tier-4 regulator (high risk). Xtrade is authorised by the following Tier-1 regulators: Australian Securities & Investment Commission (ASIC), and regulated in the European Union via the MiFID passporting system.

Is Libertex (Forex Club) good?

Forex Club is a long-standing MetaTrader broker offering forex and CFDs, along it's more recently launched Libertex brand catering to the EU market with a proprietary web platform. The biggest issue with Libertex (Forex Club) is the few regulatory licenses it holds, which bring down its Trust Score, compared to the most trusted brokers.

Is Xtrade good?

Xtrade is regulated in multiple jurisdictions and offers forex and CFD traders its own trading platform, yet with barely 200 symbols that you can trade it trails behind the best forex brokers.

What is the minimum deposit requirement for opening an account with Libertex (Forex Club)?

To open a trading account with Libertex (Forex Club), you'll need to make an initial minimum deposit of $10.

What is the minimum deposit requirement for opening an account with Xtrade?

Xtrade requires a minimum deposit of $250 before you can open an account and start trading.

What funding options does each broker offer?

It's important to make sure that your forex broker accepts the funding options and deposit methods that work best for you. Libertex (Forex Club) offers Bank Wire (Deposit/Withdraw), PayPal (Deposit/Withdraw), Skrill (Deposit/Withdraw) and Neteller (Deposit/Withdraw) for banking, whereas Xtrade provides Visa/Mastercard (Credit/Debit), Bank Wire (Deposit/Withdraw), Skrill (Deposit/Withdraw) and Neteller (Deposit/Withdraw)

Does Libertex (Forex Club) or Xtrade offer lower pricing?

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spread data, and pricing structures vary. Based on our thorough, data-driven testing of each broker's commissions and fees, we found that Libertex (Forex Club) offers better pricing overall for traders.

Methodology: When testing each broker's commissions, fees, and pricing, we analyze multiple trade scenarios and award points based on the expansiveness (or inexpensiveness) of the broker's spreads. We then run multiple scenarios for different investor types, incorporating any miscellaneous fees, to determine an "all-in" cost per trade. Learn more about how we test.

Is Libertex (Forex Club) or Xtrade safer for forex and CFDs trading?

At ForexBrokers.com, we track over 110 international regulatory agencies and sort them by tiers (Tier-1, Tier-2, Tier-3, Tier-4, and Tier-5) to help you choose well-regulated, highly trusted forex brokers. Learn more about our proprietary Trust Score rating system. Based on our research on the regulatory status of over 60 brokers, we've found that Xtrade holds 2 global Tier-1 licenses, while Libertex (Forex Club) holds 1. Xtrade holds 1 global Tier-2 licenses, while Libertex (Forex Club) holds 0.

After evaluating each broker based on their number of held licenses, years in business, and a range of other data-driven variables, we've determined that Xtrade (80) earned a higher Trust Score than Libertex (Forex Club) (73).

Which trading platform is better: Libertex (Forex Club) or Xtrade?

To compare the trading platforms of both Libertex (Forex Club) and Xtrade, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, Libertex (Forex Club) offers a better experience. With research, Xtrade offers superior market research. Finally, we found Libertex (Forex Club) to provide better mobile trading apps.

Here’s what trading platforms are available at Libertex (Forex Club):

  • Proprietary Platform - Yes
  • Web Platform - Yes
  • cTrader - No
  • DupliTrade - No
  • MT4 - Yes
  • MT5 - No
  • ZuluTrade - No
  • TradingView - No

Here’s what trading platforms are available at Xtrade:

  • Proprietary Platform - Yes
  • Web Platform - Yes
  • cTrader - No
  • DupliTrade - No
  • MT4 - No
  • MT5 - No
  • ZuluTrade - No
  • TradingView - No

What about MetaTrader? How about copy trading?

The MetaTrader trading platform suite is wildly popular among forex and CFD traders across the globe. Neither broker offers Meta Trader. Forex traders also appreciate the ability to engage in social copy trading. Copy trading is not offered by either broker.

What can I trade with each broker?

Xtrade provides traders 56 currency pairs (e.g., EUR/USD) compared to Libertex (Forex Club)'s 51 available pairs. If you are interested in trading CFDs, Libertex (Forex Club) offers traders access to 300 CFDs, while Xtrade offers access to 142 CFDs; so Libertex (Forex Club) offers 158 more CFDs than Xtrade.

We found in our testing that Libertex (Forex Club) offers a more diverse selection of investment options than Xtrade, allowing you to trade Forex Trading (Spot or CFDs), U.S. Stocks (CFD), Cryptocurrency (Derivative) and Social Trading / Copy Trading. Neither have Int'l Stock Trading (Non CFD), Cryptocurrency (Physical) and Spread Betting.

Overall winner: Libertex (Forex Club)

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announcementPlease 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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