Written by ForexBrokers.com
In this head to head comparison of Questrade 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.
When comparing online brokers Questrade and Libertex (Forex Club), it’s essential to consider their history and regulatory credentials. Questrade, founded in 2000, and Libertex, established in 1997, are both not publicly traded nor operating as banks. While both companies share these characteristics, their regulatory standings differ. Questrade boasts two Tier-1 licenses, considered highly trusted, contributing to its reputable status with a Trust Score of 86, placing it in the trusted category according to ForexBrokers.com.
In contrast, Libertex (Forex Club) holds one Tier-1 license and has a Trust Score of 73, indicating an average risk level. Although neither broker is rated as highly trusted, Questrade edges ahead with a stronger regulatory framework, offering traders additional peace of mind. Whether you prioritize trust scores or the longevity of a broker's operation, these insights can guide your decision-making when selecting between Questrade and Libertex for your trading needs.
| Feature |
Questrade
|
Libertex (Forex Club)
|
|---|---|---|
| Year Founded | 2000 | 1997 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 0 |
When comparing commissions and fees between online brokers Questrade and Libertex (Forex Club), both have areas that might catch your attention. Questrade's target spreads on the commonly traded EUR/USD pair come in at 1.9 pips, which is higher than the industry average. This might be something to consider if you frequently trade this currency pair, as it could impact your trading costs over time.
On the other hand, Libertex (Forex Club) does not provide average spread data for comparison, making it more challenging to gauge potential trading costs upfront. This lack of transparency might be a downside if you're a trader who values clear information on trading fees.
Considering ratings and rankings, both brokers received 3 out of 5 stars for their commissions and fees. In terms of ranking among 63 brokers on ForexBrokers.com, Questrade stands at #58, while Libertex (Forex Club) is positioned slightly lower at #62. These rankings suggest that there might be other brokers offering more competitive fee structures if cost efficiency is a top priority for you.
| Feature |
Questrade
|
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) | No | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | No |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
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When comparing the range of investments available from Questrade and Libertex (Forex Club), both platforms offer forex trading as CFDs or spot contracts. Questrade stands out with a more extensive selection, providing 641 tradeable symbols compared to Libertex's 300. Furthermore, Questrade offers access to 110 forex pairs, while Libertex has 51. Questrade also allows investors to purchase exchange-traded securities on both U.S. and international exchanges, such as Apple and Vodafone shares, an option not available through Libertex.
In terms of unique features, Libertex offers copy trading, providing a way for clients to replicate the trades of seasoned investors, a feature Questrade lacks. Both platforms support trading in cryptocurrency derivatives, although neither allows direct purchase of actual cryptocurrencies. When it comes to the overall range of investments, Questrade is rated 5 stars, ranking 11th among 63 brokers on ForexBrokers.com, while Libertex holds a rating of 3.5 stars and is ranked 53rd. This suggests that Questrade offers a broader and more diversified investment portfolio compared to Libertex.
| Feature |
Questrade
|
Libertex (Forex Club)
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 641 | 300 |
| Forex Pairs (Total) | 110 | 51 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | 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). |
Dive deeper: Best Copy Trading Platforms.
Questrade and Libertex (Forex Club) both provide traders with compelling platform offerings. They each have developed their proprietary platforms and support paper trading through virtual demo accounts, allowing users to refine their skills without financial risk. When it comes to accessibility, both brokers have created platforms for Windows-based desktops and web browsers, ensuring that traders can manage their investments from almost any device. However, while Questrade focuses on its services and offers alternative tools like DupliTrade, Libertex includes popular features such as copy trading and access to MetaTrader 4, a widely preferred platform among forex traders. Yet, neither broker supports MetaTrader 5 or ZuluTrade.
Charting capabilities are a critical consideration for many traders. While specific numbers aren't provided for the quantity of technical indicators each platform offers, Questrade offers 20 drawing tools, compared to Libertex's 30. Both brokers allow users to trade directly from stock charts, facilitating a more streamlined trading experience. For those who carefully monitor lists, Questrade may be the more appealing choice with 52 columns for watchlists, towering over Libertex's 7. Despite these differences, both platforms have been rated four stars for trading tools and platforms, though Questrade is ranked higher at #34 compared to Libertex's #50 by ForexBrokers.com.
| Feature |
Questrade
|
Libertex (Forex Club)
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | No |
| DupliTrade | Yes | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 64 | 15 |
| Charting - Drawing Tools (Total) | 20 | 30 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 52 | 7 |
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Both Questrade and Libertex offer mobile trading apps for iPhone and Android users, providing a versatile platform for traders on the move. Both apps support features like stock or forex price alerts and the ability to sync watchlists with a client's online account, ensuring changes are updated across devices. While Questrade shines with 64 technical studies in its charting capabilities, Libertex offers 30. Both apps let you draw trendlines and view various time frames on stock or forex charts, but only Questrade automatically saves your drawings. Creating watchlists with real-time quotes is a feature in both apps, contributing to their user-friendly trading environments.
In terms of ratings, both apps secure an impressive four-star rating out of five for their mobile trading experience. However, when considering overall rankings among 63 brokers by ForexBrokers.com, Questrade boasts a higher position at #34, compared to Libertex at #49. While both platforms offer a solid mobile trading experience, those seeking extensive technical analysis tools and automatic chart drawing saves might prefer Questrade, whereas Libertex remains a viable choice for those who are content without these specific features.
| Feature |
Questrade
|
Libertex (Forex Club)
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 64 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing the market research features of Questrade and Libertex (Forex Club), potential traders will find notable differences. While neither platform offers daily market commentary, only Libertex provides forex news from top-tier sources like Bloomberg and Reuters. On the other hand, Questrade supports technical analysis and fundamental research tools from both Autochartist and Trading Central, which Libertex lacks. Additionally, Questrade delivers market research through TipRanks, an option not available with Libertex. Both platforms include an economic calendar for global news events, but neither offers sentiment-based trading tools or resources from Acuity Trading.
In terms of ratings, Questrade scores a 3.5 out of 5 stars for research, slightly outperforming Libertex, which receives 3 stars. Within ForexBrokers.com's ranking of 63 brokers for the Research category, Questrade is placed at #51, while Libertex sits lower at #61. This suggests Questrade may be better suited for traders seeking comprehensive analysis tools, whereas Libertex stands out for its news offerings.
| Feature |
Questrade
|
Libertex (Forex Club)
|
|---|---|---|
| Daily Market Commentary | No | No |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | No | No |
| TipRanks | Yes | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational support offered by Questrade and Libertex (Forex Club) for beginner traders, both platforms provide a selection of forex and CFD educational content. Each maintains a collection of over ten curated materials, such as articles and videos, to help newcomers understand market dynamics. However, a significant advantage for Questrade users is the presence of a searchable archive of recorded webinars, a feature not available with Libertex. This allows Questrade clients to revisit educational content at their convenience, enhancing the learning experience. Additionally, Questrade provides beginner-friendly video resources, making it easier for those new to trading to gain foundational knowledge.
In contrast, for those pursuing advanced trading skills, Libertex outshines Questrade by offering a more extensive set of advanced educational videos. Despite this, both platforms lack monthly live webinars and detailed investor dictionaries. According to ratings, Questrade edges out Libertex with a 3.5-star educational rating compared to Libertex’s three stars. Rankings further reflect this distinction, positioning Questrade at 36th and Libertex at 57th out of 63 brokers in the education category according to ForexBrokers.com. Overall, beginners may find Questrade more supportive, whereas advanced users might appreciate the advanced content from Libertex.
| Feature |
Questrade
|
Libertex (Forex Club)
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | No | Yes |
| Investor Dictionary (Glossary) | No | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that Questrade is better than Libertex (Forex Club). Questrade finished with an overall rank of #32, while Libertex (Forex Club) finished with an overall rank of #61.
Regulated in both the U.S. and Canada, Questrade is a trusted full-service multi-asset broker now offering forex and CFDs alongside its stock trading services for active and passive investors. While its scope of educational resources and in-house research is limited, Questrade has an impressive platform lineup.
| Feature |
Questrade
|
Libertex (Forex Club)
|
|---|---|---|
| Overall Rating |
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| Trust Score | 86 | 73 |
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Both Questrade and Libertex (Forex Club) do not provide the option to purchase actual cryptocurrencies, but they each offer the ability to trade cryptocurrency derivatives.
In comparing online brokers Questrade and Libertex (Forex Club), Questrade supports Visa, Mastercard, and bank wires for deposits and withdrawals but does not offer ACH, SEPA, PayPal, or Skrill options, whereas Libertex provides ACH, SEPA, PayPal, Skrill, and bank wire services but does not support Visa or Mastercard transactions.
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 | Questrade | Libertex (Forex Club) | |
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| Trust Score | 86 | 73 | |
| Winner | check_circle | ||
| Review | Questrade Review |
| Broker Screenshots | Questrade | Libertex (Forex Club) | |
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| Regulation | Questrade | Libertex (Forex Club) | |
|---|---|---|---|
| Trust Score | 86 | 73 | |
| Year Founded | 2000 | 1997 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 0 |
| Tier-1 Licenses (Highly Trusted) | Questrade | Libertex (Forex Club) | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | No | |
| Canada (CIRO Authorised) | Yes | 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). | No | Yes |
| Tier-2 Licenses (Trusted) | Questrade | Libertex (Forex Club) | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Questrade | Libertex (Forex Club) | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 641 | 300 | |
| Forex Pairs (Total) | 110 | 51 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | 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). |
| Cost | Questrade | 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 | Yes | No | |
| Execution: Market Maker | No | Yes |
| Funding | Questrade | Libertex (Forex Club) | |
|---|---|---|---|
| Minimum Deposit | $250 | $10 | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | No | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | Yes |
| Trading Platforms | Questrade | Libertex (Forex Club) | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | 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 | Yes | No | |
| ZuluTrade | No | No |
| Trading Tools | Questrade | Libertex (Forex Club) | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 52 | 7 | |
| Charting - Indicators / Studies (Total) | 64 | 15 | |
| Charting - Drawing Tools (Total) | 20 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Questrade | Libertex (Forex Club) | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | Yes | |
| Mobile Charting - Indicators / Studies | 64 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Questrade | Libertex (Forex Club) | |
|---|---|---|---|
| Daily Market Commentary | No | No | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | Yes | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | Questrade | Libertex (Forex Club) | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | No | Yes | |
| Investor Dictionary (Glossary) | No | No |
| Major Forex Pairs | Questrade | 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 | Questrade Review |
| Overall | Questrade | Libertex (Forex Club) | |
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| Trust Score | 86 | 73 | |
| Winner | check_circle | ||
| Review | Questrade Review |
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