IC Markets vs Libertex (Forex Club) 2024

IC Markets is not publicly traded and does not operate a bank. IC Markets is authorised by two Tier-1 regulators (Highly Trusted), zero Tier-2 regulators (Trusted), zero Tier-3 regulators (Average Risk), and two Tier-4 regulators (High Risk). IC Markets is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC) and regulated in the European Union via the MiFID passporting system.

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.

IC Markets’ competitive pricing and scalable execution make it an excellent option for algorithmic traders. Though it supports an impressive range of third-party tools and plugins, IC Markets’ research and education offerings are not as impressive as those offered by industry leaders.

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.

To open a trading account with IC Markets, you'll need to make an initial minimum deposit of $200.

Libertex (Forex Club) requires a minimum deposit of $10 before you can open an account and start trading.

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

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 IC Markets 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.

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 IC Markets holds 2 global Tier-1 licenses, while Libertex (Forex Club) holds 1. Both IC Markets and Libertex (Forex Club) hold 0 global Tier-2 licenses.

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 IC Markets (84) earned a higher Trust Score than Libertex (Forex Club) (73).

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

Here’s what trading platforms are available at IC Markets:

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

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

The MetaTrader trading platform suite is wildly popular among forex and CFD traders across the globe. Both IC Markets and Libertex (Forex Club) offer MetaTrader 4 (MT4). Forex traders also appreciate the ability to engage in social copy trading. IC Markets and Libertex (Forex Club) both offer copy trading.

IC Markets provides traders 61 currency pairs (e.g., EUR/USD) compared to Libertex (Forex Club)'s 51 available pairs. If you are interested in trading CFDs, IC Markets offers traders access to 3583 CFDs, while Libertex (Forex Club) offers access to 300 CFDs; so IC Markets offers 3283 more CFDs than Libertex (Forex Club).

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