Written by ForexBrokers.com
In this head to head comparison of Xtrade 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.
Established in 2003, Xtrade is an online broker that operates with one Tier-1 license, representing a high level of trust according to ForexBrokers.com rankings. Despite not being publicly traded or functioning as a bank, Xtrade holds a Trust Score of 74 out of 99, categorizing it within the average risk bracket. Additionally, it has secured one Tier-2 license, further indicating its reliability in the trading landscape.
In comparison, Libertex (Forex Club), founded in 1997, also possesses one Tier-1 license, reflecting a similar level of high trust. Like Xtrade, it is neither publicly traded nor a bank. However, it holds no Tier-2 licenses and has a marginally lower Trust Score of 73. Despite these differences, both brokers offer a comparable level of trust for online traders, with Xtrade slightly edging out in trustworthiness by a small margin.
| Feature |
Xtrade
|
Libertex (Forex Club)
|
|---|---|---|
| Year Founded | 2003 | 1997 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
When it comes to evaluating the commissions and fees of online brokers, Xtrade and Libertex (Forex Club) offer distinct experiences. Xtrade is rated 2.5 out of 5 stars for its commissions and fees. Unfortunately, there is no average spread data available for Xtrade, making exact cost comparisons difficult. In terms of rankings, Xtrade holds the 63rd spot out of 63 brokers, indicating that it might not be the most cost-effective choice for all investors.
On the other hand, Libertex (Forex Club) fares slightly better, receiving a 3-star rating for its commissions and fees. As with Xtrade, detailed average spread data is unavailable, which may hinder a precise evaluation of trading costs. Despite its higher rating, Libertex ranks 62nd out of 63 brokers in the Commissions and Fees category, pointing to some room for improvement in making their fee structure more appealing to traders.
| Feature |
Xtrade
|
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 | 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.
When comparing the investment options between Xtrade and Libertex (Forex Club), both platforms allow traders to engage in forex trading through CFDs or spot contracts. With Xtrade offering 482 tradeable symbols, it presents a wider selection compared to the 300 available with Libertex. For forex enthusiasts, Xtrade also edges ahead slightly, providing 56 tradeable forex pairs, while Libertex offers 51. Neither platform supports trading in U.S. or international exchange-traded securities, meaning you can't directly buy shares in companies like Apple or Vodafone on these platforms. However, both Xtrade and Libertex support cryptocurrency derivatives, though they do not offer the actual purchase of cryptocurrencies themselves.
In terms of additional features, Xtrade does not provide copy trading services, whereas Libertex offers this functionality, which might be appealing for traders keen on mirroring successful strategies. Despite offering a similar range of investment opportunities, both platforms have been rated similarly at 3.5 stars for Range of Investments. Nonetheless, Xtrade is ranked slightly higher at #49, compared to Libertex's #53, out of 63 brokers according to ForexBrokers.com. This suggests a minor edge for Xtrade regarding their investment offerings in the eyes of industry evaluators.
| Feature |
Xtrade
|
Libertex (Forex Club)
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 482 | 300 |
| Forex Pairs (Total) | 56 | 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 it comes to navigating the world of online trading, both Xtrade and Libertex (Forex Club) provide platforms and tools that cater to different trader needs. Both brokers offer simulated trading with free virtual demo accounts, which is perfect for beginners looking to practice their strategies without financial risk. Both Xtrade and Libertex have developed proprietary platforms, but while Libertex extends support for Windows-based desktop downloads, Xtrade relies solely on a web-based platform. The ease of trading directly from stock charts is a feature available on both platforms, yet Libertex distinguishes itself further by offering copy trading and supports the popular MetaTrader 4, whereas Xtrade does not.
In terms of features and customizations, Xtrade provides 100 drawing tools for detailed chart analysis, significantly more than the 30 offered by Libertex. However, Libertex’s trading platform scores slightly higher with 4 out of 5 stars, compared to Xtrade's 3.5 stars. When evaluated among 63 brokers for their Trading Platforms and Tools, Xtrade ranks at #58, whereas Libertex stands at #50, indicating a more favorable reception. For traders seeking basic web-based functionalities with advanced charting options, Xtrade could be a suitable choice. In contrast, those looking for more diverse platform options and social trading features might find Libertex more appealing.
| Feature |
Xtrade
|
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) | N/A | 15 |
| Charting - Drawing Tools (Total) | 100 | 30 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 9 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading, both Xtrade and Libertex (Forex Club) offer dedicated apps for iPhone and Android devices, ensuring accessibility on the go. However, there are notable differences in their app features. Xtrade lacks capabilities such as price alerts, watchlist syncing, and technical charting tools, which some traders may find limiting. On the other hand, Libertex stands out with its alert notifications, the ability to sync watchlists, and an array of 30 technical studies for detailed analysis. Moreover, Libertex users can draw trend lines, view multiple time frames, and create watchlists with real-time quotes, adding more flexibility and depth to their trading experience.
In terms of user ratings, both apps score equally with 4 out of 5 stars in the mobile trading category. However, Libertex slightly edges out Xtrade by ranking 49th compared to Xtrade's 53rd position in a comparison of 63 brokers, according to ForexBrokers.com. This suggests that while both platforms provide solid mobile trading solutions, Libertex offers more comprehensive tools for traders who value technical analysis and real-time engagement in their trading apps.
| Feature |
Xtrade
|
Libertex (Forex Club)
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | No | Yes |
| Watchlist Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | N/A | 30 |
| Mobile Charting - Draw Trendlines | No | Yes |
| Mobile Charting - Multiple Time Frames | No | Yes |
| Mobile Charting - Drawings Autosave | No | No |
| Mobile Watchlist | No | Yes |
Dive deeper: Best Forex Trading Apps.
When it comes to market research offerings, Xtrade and Libertex (Forex Club) both provide key insights but differentiate in certain areas. Xtrade stands out with daily market commentary, bolstering the brokerage's offerings by keeping clients informed on the ever-changing market landscape. Both platforms provide forex news from top-tier sources like Bloomberg and Reuters, ensuring traders have access to high-quality information. However, neither broker incorporates technical analysis tools from Autochartist or Trading Central, which some traders may seek for added depth in their analysis.
In terms of sentiment data and market tools, neither Xtrade nor Libertex (Forex Club) offers sentiment-based trading tools or research tools from Acuity Trading. Both platforms do, however, maintain an economic calendar to keep traders updated on global news events. With an edge in market commentary and a slightly higher research rating of 3.5 stars compared to Libertex's 3 stars, Xtrade ranks higher at #52 on ForexBrokers.com, while Libertex is positioned at #61 out of 63 brokers. For traders, Xtrade may present a more appealing choice if daily updates are a priority, while both brokers provide fundamental news coverage and economic event tracking.
| Feature |
Xtrade
|
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 | No | 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 beginners in forex and CFDs trading, both Xtrade and Libertex (Forex Club) offer a solid foundation. Xtrade provides at least 10 educational pieces, such as articles and videos, aimed at helping individuals understand forex and CFD trading. Similarly, Libertex matches this offering with its own set of resources to get beginners started. However, neither platform conducts regular online educational webinars nor maintains an archive of previously recorded sessions, which could limit in-depth learning opportunities for their clients. Additionally, beginner-focused educational videos are not in abundance on either platform, making it crucial for newcomers to seek information from various sources.
For traders looking beyond the basics, Libertex shines by providing over 10 advanced educational videos designed for experienced traders. This is an area where Xtrade currently falls short. On the flip side, Xtrade benefits beginners by offering an investor dictionary that explains over 50 investing terms, a feature not available on Libertex. Evaluations from ForexBrokers.com rate Xtrade slightly higher with 3.5 stars for education, ranking it 46th out of 63 brokers, compared to Libertex's 3 stars and a 57th place ranking. This suggests that Xtrade may provide a somewhat more comprehensive educational experience for its users than Libertex.
| Feature |
Xtrade
|
Libertex (Forex Club)
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | No | 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 Xtrade is better than Libertex (Forex Club). Xtrade finished with an overall rank of #60, while Libertex (Forex Club) finished with an overall rank of #61.
Xtrade offers forex and CFD traders its own newly updated and redesigned trading platform, yet with just below 500 symbols that you can trade and recent regulatory issues it trails behind the best forex brokers.
| Feature |
Xtrade
|
Libertex (Forex Club)
|
|---|---|---|
| Overall Rating |
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| Trust Score | 74 | 73 |
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Both Xtrade and Libertex (Forex Club) do not offer the ability to buy actual delivered cryptocurrency, but they do provide the option to trade cryptocurrency derivatives.
When comparing online brokers Xtrade and Libertex (Forex Club), Xtrade supports Skrill, Visa/Mastercard, and bank wire transactions but lacks ACH, SEPA, and PayPal options, while Libertex offers ACH, SEPA, PayPal, Skrill, and bank wire transfers without Visa/Mastercard availability.
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 | Xtrade | Libertex (Forex Club) | |
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| Trust Score | 74 | 73 | |
| Winner | check_circle | ||
| Review | Xtrade Review |
| Broker Screenshots | Xtrade | Libertex (Forex Club) | |
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| Trading Platforms Gallery (click to expand) | |||
| Mobile Trading Gallery (click to expand) | |||
| Research Gallery (click to expand) | |||
| Education Gallery (click to expand) |
| Regulation | Xtrade | Libertex (Forex Club) | |
|---|---|---|---|
| Trust Score | 74 | 73 | |
| Year Founded | 2003 | 1997 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 1 | 1 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | Xtrade | 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) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | No | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | Xtrade | 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 | Xtrade | Libertex (Forex Club) | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 482 | 300 | |
| Forex Pairs (Total) | 56 | 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 | Xtrade | 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 | No | Yes | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Xtrade | Libertex (Forex Club) | |
|---|---|---|---|
| Minimum Deposit | $250 | $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 | Xtrade | 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 | Xtrade | Libertex (Forex Club) | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | No | Yes | |
| Watchlists - Total Fields | 9 | 7 | |
| Charting - Indicators / Studies (Total) | N/A | 15 | |
| Charting - Drawing Tools (Total) | 100 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | No | Yes |
| Mobile Trading | Xtrade | Libertex (Forex Club) | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | No | Yes | |
| Mobile Watchlist | No | Yes | |
| Watchlist Syncing | No | Yes | |
| Mobile Charting - Indicators / Studies | N/A | 30 | |
| Mobile Charting - Draw Trendlines | No | Yes | |
| Mobile Charting - Multiple Time Frames | No | Yes | |
| Mobile Charting - Drawings Autosave | No | No | |
| Mobile Economic Calendar | No | Yes |
| Research | Xtrade | 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 | No | No | |
| Economic Calendar | Yes | Yes |
| Education | Xtrade | Libertex (Forex Club) | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | No | No | |
| Videos - Advanced Trading Videos | No | Yes | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | Xtrade | 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 | Xtrade Review |
| Overall | Xtrade | Libertex (Forex Club) | |
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| Trust Score | 74 | 73 | |
| Winner | check_circle | ||
| Review | Xtrade Review |
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