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Trading 212 vs Libertex (Forex Club) 2022

BrokerNotes.co

Written by BrokerNotes.co

Last updated August 30, 2022
Published April 26, 2022

Trying to decide between Trading 212 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, Trading 212 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 Trading 212 Libertex (Forex Club) IG
Overall Rating 7.4 / 10 6.5 / 10 9.7 / 10
Account Type expand_moreexpand_less Trading 212 Libertex (Forex Club) IG
Standard Account Yes Yes Yes
Mini Account Yes Yes Yes
Micro Account Yes Yes Yes
Islamic Account No No No
Copy Trading expand_moreexpand_less Trading 212 Libertex (Forex Club) IG
Social Trading / Copy Trading No Yes Yes
DupliTrade No No No
ZuluTrade No No No
Cryptocurrency expand_moreexpand_less Trading 212 Libertex (Forex Club) IG
Cryptocurrency (Physical) No No No
Cryptocurrency (CFD) No Yes Yes
Bitcoin No Yes Yes
ethereum No Yes Yes
Forex Trading (Spot or CFDs) expand_moreexpand_less Trading 212 Libertex (Forex Club) IG
Forex Trading Yes Yes Yes
Trading - Forex or CFDs Yes Yes Yes
Indices (Index CFDs) expand_moreexpand_less Trading 212 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 Trading 212 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 No Yes Yes
Metals Yes Yes Yes
Energies Yes Yes Yes
Agriculturals Yes Yes Yes
ETF Yes Yes Yes
U.S. Stocks (CFD) Yes Yes Yes
Trading Platforms expand_moreexpand_less Trading 212 Libertex (Forex Club) IG
Apple iOS App Yes Yes Yes
Android App Yes Yes Yes
Proprietary Platform Yes Yes Yes
Desktop Platform (Windows) No Yes Yes
Web Platform Yes Yes Yes
MetaTrader 4 (MT4) No Yes Yes
MetaTrader 5 (MT5) No No No
Regulatory Licenses expand_moreexpand_less Trading 212 Libertex (Forex Club) IG
Tier-1 Licenses 1 1 7
ASIC Authorised (Australia) No No Yes
IIROC Authorised (Canada) No No No
FCA Authorised (U.K.) Yes 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 1 1 2
Tier-3 Licenses 0 0 1
Research, Education expand_moreexpand_less Trading 212 Libertex (Forex Club) IG
Trading Central (Recognia) No No No
Forex News (Top-Tier Sources) Yes Yes Yes
Daily Market Commentary Yes No Yes
Autochartist No 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 Trading 212 Libertex (Forex Club) IG
Minimum Initial Deposit EUR 10 $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 No Yes Yes
Bank Wire (Deposit/Withdraw) Yes Yes Yes
Visa/Mastercard (Credit/Debit) Yes No Yes
PayPal (Deposit/Withdraw) Yes Yes Yes
Trading Tools expand_moreexpand_less Trading 212 Libertex (Forex Club) IG
Watchlists - Total Fields 5 7 14
Mobile Watchlist Yes Yes Yes
Charting - Indicators / Studies (Total) 45 15 32
Mobile Charting - Indicators / Studies 45 30 32
Trust Factors expand_moreexpand_less Trading 212 Libertex (Forex Club) IG
Year Founded 2004 1997 1974
Publicly Traded (Listed) No No Yes
Bank No No Yes
Authorised in European Union Yes Yes Yes
Trust Score 77 67 99
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Trading 212 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 Trading 212 vs Libertex (Forex Club).

Can I trust Trading 212?

Trading 212 has a trust score of 77, giving it a "Average 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 Trading 212 a good broker?

Trading 212's innovative app for web and mobile is great for beginners and less demanding traders who are looking to trade CFDs or invest in shares. That said, Trading 212's lack of advanced features and trading tools may leave experienced forex traders wanting more.

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. both Trading 212 and Libertex (Forex Club) are 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, both Trading 212 and Libertex (Forex Club) are 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 unfortunately, neither Trading 212 nor Libertex (Forex Club) are SCB Authorised (Bahamas), IFSC Authorised (Belize), BMA Authorised (Bermuda), FSC Authorised (British Virgin Islands), CIMA Authorised (Cayman Islands), FSC Authorised (Mauritius) and VFSC Authorised (Vanuatu)., neither have VFSC Authorised (Vanuatu).

Which broker offers more trading platforms?

For trading platforms Trading 212 supports a Proprietary Platform, whereas Libertex (Forex Club) supports a Proprietary Platform and Desktop Platform (Windows)., neither have cTrader, DupliTrade and ZuluTrade

Does Trading 212 offer MetaTrader? Does Libertex (Forex Club) offer MetaTrader?

For MetaTrader Trading 212 provides neither of these, 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., neither have MetaTrader 5 (MT5)

How do Trading 212 and Libertex (Forex Club) differ in terms of minimum deposit? What about average spreads and funding options?

Trading 212 requires a minimum deposit of EUR 10, while Libertex (Forex Club) requires a minimum deposit of $10. From our testing we found Trading 212 offers spreads of N/A, while Libertex (Forex Club) offers spreads of -1. Trading 212 supports Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit), PayPal (Deposit/Withdraw) 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, Trading 212 or Libertex (Forex Club)?

Trading 212 offers a more diverse selection of investment options than Libertex (Forex Club) allowing you to trade Forex Trading, Trading - Forex or CFDs, Metals, Energies, Agriculturals, ETF and U.S. Stocks (CFD)., neither have Spread Betting Looking at total tradeable symbols, Trading 212 has 1785, compared to 300 from Libertex (Forex Club).

Can I trade cryptocurrency with Trading 212 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 Trading 212 nor Libertex (Forex Club) allow you to trade physical cryptocurrencies.

Who offers more research tools, Trading 212 or Libertex (Forex Club)?

In terms of research and research tools Trading 212 gives traders the following tools: Daily Market Commentary, Stock Charts and Forex News (Top-Tier Sources). In comparison Libertex (Forex Club) has the tools listed here: Stock Charts, Forex News (Top-Tier Sources) and Social Trading / Copy Trading., neither have Autochartist and Trading Central (Recognia)




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