Written by ForexBrokers.com
In this head to head comparison of BlackBull Markets 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.
BlackBull Markets and Libertex (Forex Club) are both reputable online Forex brokers, though they differ in some key areas. BlackBull Markets was established in 2014, while Libertex has been operating since 1997. Neither broker is publicly traded or operates as a bank. In terms of regulatory compliance, both companies hold one Tier-1 license each, which is highly trusted by ForexBrokers.com. However, neither holds any Tier-2 licenses. The ForexBrokers.com Trust Score assigns BlackBull Markets a score of 78, indicating an average risk, while Libertex scores slightly lower at 73, also putting it in the average risk category.
When considering trust and reliability, BlackBull Markets may have a slight edge due to its marginally higher Trust Score. While both brokers are well-regulated, their scores suggest they are seen as posing average risk, according to ForexBrokers.com ratings. For prospective investors and traders, these ratings can be a helpful guide in determining the level of trust to place in these brokers.
| Feature |
BlackBull Markets
|
Libertex (Forex Club)
|
|---|---|---|
| Year Founded | 2014 | 1997 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 1 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
BlackBull Markets offers pricing that varies by account type. The commission-free Standard account has no minimum deposit but comes with wider spreads. The Prime account requires a $2,000 minimum, adds a $3 per side ($6 round turn) commission, and delivered an average EUR/USD spread of 0.16 in March 2024 for an all-in cost of about 0.76 pips. For higher balances, the ECN Institutional account (minimum $20,000) reduces commissions to $2 per side ($4 round turn). BlackBull Markets is rated 4.5/5 stars for commissions and fees and ranks #19 out of 63 brokers at ForexBrokers.com.
For Libertex (Forex Club), average spread data isn’t available, which makes direct price comparisons harder. Based on our ratings, Libertex earns 3/5 stars for commissions and fees and ranks #63 out of 63 brokers at ForexBrokers.com.
Bottom line: if tight spreads plus a clear commission schedule matter to you, BlackBull Markets’ Prime or ECN Institutional accounts can offer better all-in costs than a commission-free model with wider spreads. Libertex’s lack of published average spreads and lower ranking suggest its pricing may be less competitive among the brokers reviewed. Always match the account type to your trade size, frequency, and minimum deposit comfort.
| Feature |
BlackBull Markets
|
Libertex (Forex Club)
|
|---|---|---|
| Minimum Deposit | $0 | $10 |
| Average spread (EUR/USD) - Standard account | 0.71 | N/A |
| All-in Cost EUR/USD - Active | 0.71 | N/A |
| Non-wire bank transfer | No | Yes |
| PayPal (Deposit/Withdraw) | No | |
| Skrill (Deposit/Withdraw) | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes |
Dive deeper: Best Low Spread Forex Brokers.
BlackBull Markets and Libertex (Forex Club) both support forex trading (CFDs/spot) and offer copy trading, but their product lists differ a lot. BlackBull provides about 26,000 tradeable symbols and 72 forex pairs, while Libertex offers around 300 symbols and 51 pairs—so BlackBull gives you many more markets to choose from.
Only BlackBull lets you buy real, exchange-traded stocks on U.S. and international exchanges (not just CFDs). Both brokers offer cryptocurrency CFDs, but neither lets you buy actual coins. Reflecting this range, BlackBull Markets is rated 5 stars and ranked #6 of 63 for Range of Investments by ForexBrokers.com, while Libertex is rated 3.5 stars and ranked #54.
| Feature |
BlackBull Markets
|
Libertex (Forex Club)
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 26000 | 300 |
| Forex Pairs (Total) | 72 | 51 |
| U.S. Stocks (Shares) | Yes | No |
| Global Stocks (Non-U.S. Shares) | Yes | No |
| Copy Trading | Yes | Yes |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | 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.
BlackBull Markets and Libertex (Forex Club) both offer free demo accounts for paper trading, plus Windows desktop downloads and web platforms. Each supports MetaTrader 4 (MT4), copy trading, and placing orders directly from charts. A key difference is platform choice: Libertex provides its own in-house platform, while BlackBull does not. If you need MetaTrader 5 (MT5), BlackBull has it; Libertex does not.
Both brokers earn 4 stars for trading platforms and tools, but BlackBull ranks higher overall (#31 of 63) than Libertex (#51 of 63). Choose BlackBull if MT5 or sticking with MetaTrader across devices is a priority. Pick Libertex if you want a broker-built platform alongside MT4. Details like the exact number of chart indicators and watchlist fields weren’t specified and can vary by platform version.
| Feature |
BlackBull Markets
|
Libertex (Forex Club)
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | No | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | No |
| Charting - Indicators / Studies (Total) | 109 | 15 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
BlackBull Markets and Libertex (Forex Club) both offer iPhone and Android trading apps with price alerts and synced watchlists, so changes carry across devices and web. Each app includes 30 technical studies for charting and lets you draw trendlines. A key difference: BlackBull’s app auto-saves your chart drawings, while Libertex’s app does not—handy if you annotate charts frequently.
Both apps earn 4 out of 5 stars for mobile trading. However, in ForexBrokers.com’s Mobile Trading Apps rankings out of 63 brokers, BlackBull Markets places higher at #33 versus Libertex (Forex Club) at #50. If chart annotations matter to you, BlackBull’s auto-save may tip the scales; otherwise, feature sets are closely matched across platforms.
| Feature |
BlackBull Markets
|
Libertex (Forex Club)
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | No |
Dive deeper: Best Forex Trading Apps.
For market research, BlackBull Markets and Libertex (Forex Club) take different paths. BlackBull offers daily market commentary, Autochartist tools for technical analysis, a sentiment tool showing long/short ratios, and an economic calendar. Libertex skips daily commentary but delivers forex news from major outlets like Bloomberg or Reuters and also includes an economic calendar. Neither broker provides Trading Central. BlackBull does not offer TipRanks or Acuity Trading; Libertex’s access to TipRanks or Acuity isn’t specified.
In independent ratings from ForexBrokers.com, BlackBull Markets scores 4 out of 5 stars for Research and ranks #18 out of 63 brokers, while Libertex earns 3 stars and ranks #62. If you want frequent in-house insights, trader sentiment, and Autochartist, BlackBull Markets is the stronger pick. If headline news from top-tier providers matters most, Libertex has the edge.
| Feature |
BlackBull Markets
|
Libertex (Forex Club)
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | No |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | Yes | No |
| Trading Central | No | No |
| Client sentiment data | Yes | No |
| TipRanks | No | |
| Acuity Trading | No | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginner traders comparing education, both BlackBull Markets and Libertex (Forex Club) offer forex and CFD learning materials that meet a basic threshold of at least 10 pieces. BlackBull Markets stands out for newcomers thanks to monthly client webinars and a library with 10+ beginner videos alongside 10+ advanced videos. Libertex (Forex Club) does include 10+ advanced trading videos, so it meets the baseline, but it does not run monthly webinars and falls short on beginner-focused video content.
Ratings reflect this gap: BlackBull Markets earns 4 stars for Education and ranks #29 out of 63 brokers on ForexBrokers.com, while Libertex (Forex Club) receives 3 stars and ranks #58. If you want guided, beginner-friendly lessons and live sessions to ask questions, BlackBull Markets is the more complete choice. If you already have some experience and mainly want advanced videos, Libertex (Forex Club) can still be useful, though it offers less for absolute beginners.
| Feature |
BlackBull Markets
|
Libertex (Forex Club)
|
|---|---|---|
| Webinars | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that BlackBull Markets is better than Libertex (Forex Club). BlackBull Markets finished with an overall rank of #24, while Libertex (Forex Club) finished with an overall rank of #61.
BlackBull Markets is a plain-vanilla MetaTrader broker with a growing range of products and support for a handful of third-party social copy trading platforms.
| Feature |
BlackBull Markets
|
Libertex (Forex Club)
|
|---|---|---|
| Overall Rating |
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| Trust Score | 78 | 73 |
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Online brokers BlackBull Markets and Libertex (Forex Club) do not allow buying actual (delivered) cryptocurrencies, but both provide access to trading cryptocurrency CFDs.
BlackBull Markets does not support ACH/SEPA transfers or PayPal but does allow Skrill and bank wire deposits/withdrawals, whereas Libertex (Forex Club) supports ACH/SEPA; PayPal, Skrill, Visa/Mastercard, and bank wire availability for Libertex—and Visa/Mastercard for BlackBull—are not specified in this data.
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 | BlackBull Markets | Libertex (Forex Club) | |
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| Trust Score | 78 | 73 | |
| Winner | check_circle | ||
| Review | BlackBull Markets Review |
| Broker Screenshots | BlackBull Markets | Libertex (Forex Club) | |
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| Broker Gallery (click to expand) |
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| Regulation | BlackBull Markets | Libertex (Forex Club) | |
|---|---|---|---|
| Trust Score | 78 | 73 | |
| Year Founded | 2014 | 1997 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 1 | 1 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | BlackBull Markets | 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) | |||
| United Kingdom (U.K.) (FCA Authorised) | No | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes |
| Tier-2 Licenses (Trusted) | BlackBull Markets | Libertex (Forex Club) | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA, FSRA, or SCA Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | BlackBull Markets | Libertex (Forex Club) | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 26000 | 300 | |
| Forex Pairs (Total) | 72 | 51 | |
| U.S. Stocks (Shares) | Yes | No | |
| Global Stocks (Non-U.S. Shares) | Yes | No | |
| Copy Trading | Yes | Yes | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | 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 | BlackBull Markets | Libertex (Forex Club) | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 0.71 | N/A | |
| All-in Cost EUR/USD - Active | 0.71 | N/A | |
| Inactivity Fee | No | No | |
| Order execution: Agency | No | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | BlackBull Markets | Libertex (Forex Club) | |
|---|---|---|---|
| Minimum Deposit | $0 | $10 | |
| PayPal (Deposit/Withdraw) | No | ||
| Skrill (Deposit/Withdraw) | Yes | ||
| Bank Wire (Deposit/Withdraw) | Yes | ||
| Non-wire bank transfer | No | Yes |
| Trading Platforms | BlackBull Markets | Libertex (Forex Club) | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | No | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | Yes | No |
| Trading Tools | BlackBull Markets | Libertex (Forex Club) | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 109 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | BlackBull Markets | Libertex (Forex Club) | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | Yes | Yes | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | No | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | BlackBull Markets | Libertex (Forex Club) | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | No | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | Yes | No | |
| Trading Central | No | No | |
| TipRanks | No | ||
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | BlackBull Markets | Libertex (Forex Club) | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | Yes |
| Major Forex Pairs | BlackBull Markets | Libertex (Forex Club) | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | BlackBull Markets Review |
| Overall | BlackBull Markets | Libertex (Forex Club) | |
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| Trust Score | 78 | 73 | |
| Winner | check_circle | ||
| Review | BlackBull Markets Review |
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