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Alpari vs Libertex (Forex Club) 2022

BrokerNotes.co

Written by BrokerNotes.co

Last updated August 30, 2022
Published April 26, 2022

Trying to decide between Alpari and Libertex (Forex Club)? Weโ€™ve taken the guesswork out of the equation with our Comparison Tool. Use our tool to compare hundreds of data points, side-by-side, to see how these two brokers stack up against each other.

Based on our extensive research, hands-on testing, and expert analysis of over a hundred data-driven variables, we've determined that, overall, Alpari ranks more highly than Libertex (Forex Club).

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 65% and 82% 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.
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Overall Rating expand_moreexpand_less Alpari Libertex (Forex Club) IG
Overall Rating 6.8 / 10 6.5 / 10 9.7 / 10
Account Type expand_moreexpand_less Alpari Libertex (Forex Club) IG
Standard Account Yes Yes Yes
Mini Account Yes Yes Yes
Micro Account Yes Yes Yes
Islamic Account Yes No No
Copy Trading expand_moreexpand_less Alpari Libertex (Forex Club) IG
Social Trading / Copy Trading Yes Yes Yes
DupliTrade No No No
ZuluTrade No No No
Cryptocurrency expand_moreexpand_less Alpari Libertex (Forex Club) IG
Cryptocurrency (Physical) No No No
Cryptocurrency (CFD) Yes Yes Yes
Bitcoin Yes Yes Yes
ethereum Yes Yes Yes
Forex Trading (Spot or CFDs) expand_moreexpand_less Alpari Libertex (Forex Club) IG
Forex Trading Yes Yes Yes
Trading - Forex or CFDs Yes Yes Yes
Indices (Index CFDs) expand_moreexpand_less Alpari Libertex (Forex Club) IG
DAX Yes Yes Yes
Dow Jones Yes Yes Yes
FTSE Yes Yes Yes
NASDAQ 100 Yes Yes Yes
Nikkei Yes Yes Yes
SP 500 Yes Yes Yes
Investments expand_moreexpand_less Alpari Libertex (Forex Club) IG
Forex Trading Yes Yes Yes
Trading - Forex or CFDs Yes Yes Yes
Spread Betting No No Yes
Social Trading / Copy Trading Yes Yes Yes
Metals Yes Yes Yes
Energies Yes Yes Yes
Agriculturals No Yes Yes
ETF No Yes Yes
U.S. Stocks (CFD) No Yes Yes
Trading Platforms expand_moreexpand_less Alpari Libertex (Forex Club) IG
Apple iOS App Yes Yes Yes
Android App Yes Yes Yes
Proprietary Platform Yes Yes Yes
Desktop Platform (Windows) Yes Yes Yes
Web Platform Yes Yes Yes
MetaTrader 4 (MT4) Yes Yes Yes
MetaTrader 5 (MT5) Yes No No
Regulatory Licenses expand_moreexpand_less Alpari Libertex (Forex Club) IG
Tier-1 Licenses 0 1 7
ASIC Authorised (Australia) No No Yes
IIROC Authorised (Canada) No No No
FCA Authorised (U.K.) No Yes Yes
SFC Authorised (Hong Kong) No No No
MAS Authorised (Singapore) No No Yes
FINMA Authorised (Switzerland) No No Yes
CFTC Registered (USA) No No Yes
Tier-2 Licenses 0 1 2
Tier-3 Licenses 1 0 1
Research, Education expand_moreexpand_less Alpari Libertex (Forex Club) IG
Trading Central (Recognia) No No No
Forex News (Top-Tier Sources) Yes Yes Yes
Daily Market Commentary No No Yes
Autochartist Yes No Yes
Investor Dictionary (Glossary) Yes No Yes
Videos - Beginner Trading Videos Yes No Yes
Client Webinars (Archived) No No Yes
Trading Costs expand_moreexpand_less Alpari Libertex (Forex Club) IG
Minimum Initial Deposit $20 $10 ยฃ250.00
Average Spread EUR/USD - Standard N/A -1 0.828 (September 2021)
All-in Cost EUR/USD - Active N/A -1 0.365 (May 2020)
Active Trader or VIP Discounts Yes Yes Yes
Bank Wire (Deposit/Withdraw) Yes Yes Yes
Visa/Mastercard (Credit/Debit) Yes No Yes
PayPal (Deposit/Withdraw) No Yes Yes
Trading Tools expand_moreexpand_less Alpari Libertex (Forex Club) IG
Watchlists - Total Fields 7 7 14
Mobile Watchlist Yes Yes Yes
Charting - Indicators / Studies (Total) 30 15 32
Mobile Charting - Indicators / Studies 30 30 32
Trust Factors expand_moreexpand_less Alpari Libertex (Forex Club) IG
Year Founded 1998 1997 1974
Publicly Traded (Listed) No No Yes
Bank No No Yes
Authorised in European Union No Yes Yes
Trust Score 67 67 99
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Alpari vs Libertex (Forex Club) Comparison

Comparing forex brokers side by side is no easy task. For our 2022 annual forex broker review, we spent hundreds of hours assessing 39 forex and CFD brokerages to find the best forex broker. Let's compare Alpari vs Libertex (Forex Club).

Can I trust Alpari?

Alpari has a trust score of 67, giving it a "High Risk" trust label. Here's what each trust score label means:

  • "Highly Trusted" (90-99) - These brokers are considered the most trustworthy firms in the industry. Simply put, we would not hesitate to open and fund an account with a Highly Trusted broker.
  • "Trusted" (80-89) - These brokers are reliable and trustworthy. "Trusted" firms are a solid choice, and may simply hold fewer regulatory licences or feature different corporate structures than those brokers that have earned our top Trust Score rating.
  • "Average Risk" (70-79) - Average Risk brokers are firms we generally consider to be safe, but that may warrant a closer inspection before you open and fund a live trading account. At the least, we always encourage traders to check the regulatory licenses for Average Risk firms to verify that they are regulated in their own country of residence.
  • "High Risk" (60-69) - High-risk firms should be scrutinized and carefully reviewed before opening an account. These forex brokers are โ€“ in most cases โ€“ operating without credible regulatory licensing, and likely have a history of legal or financial issues. Before considering an account with a high-risk firm, we recommend checking our country guides for your country of residence to see if a more trusted broker is available.
  • "Do Not Trust" (<59) - We do not recommend opening an account of any kind with a broker that earns a โ€œDo Not Trustโ€ rating.

Can I trust Libertex (Forex Club)?

Libertex (Forex Club) has a trust score of 67, giving it a "High Risk" trust label.

Is Alpari a good broker?

Is Libertex (Forex Club) a good broker?

What tier-1 jurisdictions is each broker regulated in?

Tier-1 regulators go above and beyond by requiring additional capital requirements, checking in on brokers more frequently, and putting brokers through a tougher screening process. Alpari is none, while Libertex (Forex Club) is FCA Authorised (U.K.)., neither have ASIC Authorised (Australia), IIROC Authorised (Canada), SFC Authorised (Hong Kong), CBI Authorised (Ireland), FSA Authorised (Japan), MAS Authorised (Singapore), FMA Authorised (New Zealand), FINMA Authorised (Switzerland) and CFTC Registered (USA)

What tier-2 jurisdictions is each broker regulated in? What about tier-3?

Tier-2 and tier-3 licenses are still important in evaluating the overall trustworthiness of forex brokers. As far as tier-2 licenses go, Alpari is none, while Libertex (Forex Club) is CySEC Authorised (Cyprus)., neither have CBRC Authorised (China), NSE Authorised (India), ISA Authorised (Israel), CBR Authorised (Russia), FSCA Authorised (South Africa), SEC Authorised (Thailand) and DFSA / Central Bank Authorised (UAE). When comparing tier-3 licenses Alpari is FSC Authorised (Mauritius), while Libertex (Forex Club) is none., neither have SCB Authorised (Bahamas), IFSC Authorised (Belize), BMA Authorised (Bermuda), FSC Authorised (British Virgin Islands), CIMA Authorised (Cayman Islands) and VFSC Authorised (Vanuatu).

Which broker offers more trading platforms?

Both Alpari and Libertex (Forex Club) offer a Proprietary Platform and Desktop Platform (Windows)., neither have cTrader, DupliTrade and ZuluTrade

Does Alpari offer MetaTrader? Does Libertex (Forex Club) offer MetaTrader?

For MetaTrader Alpari provides MetaTrader 4 (MT4) and MetaTrader 5 (MT5), while Libertex (Forex Club) provides MetaTrader 4 (MT4). If MetaTrader is a must for you, read our guides on the best MT4 brokers or best MT5 brokers.

How do Alpari and Libertex (Forex Club) differ in terms of minimum deposit? What about average spreads and funding options?

Alpari requires a minimum deposit of $20, while Libertex (Forex Club) requires a minimum deposit of $10. From our testing we found Alpari offers spreads of N/A, while Libertex (Forex Club) offers spreads of -1. Alpari supports Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit) and Skrill (Deposit/Withdraw) for popular funding options, where Libertex (Forex Club) supports Bank Wire (Deposit/Withdraw), PayPal (Deposit/Withdraw) and Skrill (Deposit/Withdraw).

Which brokers offers more tradeable asset classes, Alpari or Libertex (Forex Club)?

Alpari offers a more diverse selection of investment options than Libertex (Forex Club) allowing you to trade Forex Trading, Trading - Forex or CFDs, Social Trading / Copy Trading, Metals and Energies., neither have Spread Betting Looking at total tradeable symbols, Alpari has 105, compared to 300 from Libertex (Forex Club).

Can I trade cryptocurrency with Alpari or Libertex (Forex Club)?

Crypto trading is popular with forex traders. Most crypto assets are offered either as the underlying physical asset or as a CFD or other derivative โ€” including spot forex contracts. In terms of trading physical cryptocurrency neither Alpari nor Libertex (Forex Club) allow you to trade physical cryptocurrencies.

Who offers more research tools, Alpari or Libertex (Forex Club)?

In terms of research and research tools Alpari gives traders the following tools: Autochartist, Forex News (Top-Tier Sources) and Social Trading / Copy Trading. In comparison Libertex (Forex Club) has the tools listed here: Stock Charts, Forex News (Top-Tier Sources) and Social Trading / Copy Trading., neither have Daily Market Commentary and Trading Central (Recognia)




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