Written by ForexBrokers.com
In this head to head comparison of Eightcap 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.
Eightcap and Libertex (Forex Club) are both established names in the online brokerage world, with foundations dating back to 2009 and 1997, respectively. Neither broker is publicly traded or operates as a bank. When it comes to regulatory credentials, Eightcap stands out with three Tier-1 licenses, which garner a high level of trust. In contrast, Libertex (Forex Club) holds one Tier-1 license. These credentials highlight Eightcap's commitment to secure and reliable trading conditions.
In terms of overall trustworthiness, Eightcap scores an 85 out of 99 according to ForexBrokers.com, classifying it as a trusted broker. Libertex (Forex Club), on the other hand, earns a score of 73, indicating a higher average risk. These ratings, combined with their licensing details, can help potential traders weigh their options, with Eightcap demonstrating stronger regulatory compliance. Both brokers provide a stable platform for trading, yet Eightcap's higher Trust Score rating and additional licenses offer a more secure environment.
| Feature |
Eightcap
|
Libertex (Forex Club)
|
|---|---|---|
| Year Founded | 2009 | 1997 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 1 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
When comparing the commissions and fees of online brokers Eightcap and Libertex (Forex Club), Eightcap offers two distinct account types: the commission-based Raw account and the spread-only Standard account. Notably, Eightcap's Raw account lists an average spread of 0.06 pips. Once the per-side commission of $3.50 per trade is included, the total cost approximates to 0.76 pips, slightly below the industry average of 0.8 pips. Although Eightcap is a bit more costly compared to the most budget-friendly forex brokers, it manages to maintain competitive pricing.
On the other hand, Libertex (Forex Club) does not provide average spread data, making it more challenging to directly compare. However, it's noteworthy that ForexBrokers.com rates Eightcap with 4 stars for commissions and fees, whereas Libertex (Forex Club) receives a 3-star rating. This indicates that, in terms of cost-effectiveness, Eightcap is generally viewed more favorably.
In a broader market ranking by ForexBrokers.com, Eightcap is positioned at #26 out of 63 brokers in the Commissions and Fees category. In contrast, Libertex (Forex Club) is further down the list at #62. This ranking suggests that Eightcap tends to offer a more competitive fee structure compared to Libertex, making it potentially more appealing for traders mindful of cost.
| Feature |
Eightcap
|
Libertex (Forex Club)
|
|---|---|---|
| Minimum Deposit | $100 | $10 |
| Average Spread EUR/USD - Standard | 1.0 | N/A |
| All-in Cost EUR/USD - Active | 0.76 | N/A |
| Active Trader or VIP Discounts | No | Yes |
| ACH or SEPA Transfers | No | Yes |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | No |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing the range of investments offered by Eightcap and Libertex (Forex Club), both platforms provide users with the ability to trade forex as CFDs. Eightcap boasts an impressive 800 tradeable symbols, significantly more than Libertex's 300. Additionally, Eightcap offers a slightly broader selection of tradeable forex pairs, featuring 56 compared to Libertex’s 51 pairs. Neither broker provides options for trading exchange-traded securities on U.S. or international exchanges, such as purchasing shares of companies like Apple or Vodafone directly.
In terms of advanced trading options, both Eightcap and Libertex support copy trading, catering to investors interested in automatic trading strategies. For cryptocurrency enthusiasts, each broker offers derivatives but stops short of facilitating the purchase of actual cryptocurrencies. With both platforms rating 3.5 stars out of five for their range of investments, Eightcap is ranked #40 out of 63 brokers by ForexBrokers.com, while Libertex stands at #53 in the same category. This indicates that while they share similar offerings, Eightcap provides a broader selection of symbols for traders.
| Feature |
Eightcap
|
Libertex (Forex Club)
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 800 | 300 |
| Forex Pairs (Total) | 56 | 51 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | 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). | 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.
Both Eightcap and Libertex (Forex Club) provide traders with free virtual demo accounts, allowing them to explore and practice trading without any financial risk. Eightcap relies on popular external platforms like MetaTrader 4 and MetaTrader 5 for their trading services, offering flexibility for those familiar with these tools, and supports both Windows-based and web-based platforms. In contrast, Libertex stands out with its own proprietary platform, providing a unique trading experience along with MetaTrader 4, but lacks MT5 support, which may limit some traders who seek added features from the newer version. Both brokers support copy trading, though they do not offer services like DupliTrade or ZuluTrade.
When it comes to charting tools, Eightcap offers 15 drawing tools, while Libertex provides twice as many, with 30 tools at the trader's disposal. Both brokers facilitate trading directly from stock charts and offer watch lists with seven customizable columns. In terms of performance, both Eightcap and Libertex receive a rating of four stars for their trading platforms and tools. However, in rankings by ForexBrokers.com, Eightcap is positioned higher at #38, compared to Libertex at #50 out of 63 brokers, potentially highlighting a preference among users for Eightcap's offerings.
| Feature |
Eightcap
|
Libertex (Forex Club)
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | 15 |
| Charting - Drawing Tools (Total) | 15 | 30 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading apps, both Eightcap and Libertex have you covered on iPhones and Android devices. Traders can enjoy key features like stock and forex price alerts and the convenience of watchlist symbol syncing across mobile and online accounts. Both brokers offer an impressive 30 technical studies for charting, allowing you to draw trendlines and switch between different time frames such as daily, weekly, or intraday. However, it's worth noting that while Eightcap's app automatically saves chart drawings, Libertex's does not.
With both brokers, you can create watchlists that display real-time quotes, offering you up-to-the-minute data at your fingertips. In terms of user reviews, both Eightcap and Libertex receive a solid rating of 4 out of 5 stars for their mobile trading apps. Despite the shared rating, Eightcap holds a slightly better ranking, coming in at 38th out of 63 brokers on ForexBrokers.com, compared to Libertex's 49th position. Whether you prioritize convenience, features, or overall user satisfaction, each app presents its own set of advantages, with Eightcap edging ahead in certain areas.
| Feature |
Eightcap
|
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 | 30 | 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 it comes to market research offerings, Eightcap and Libertex (Forex Club) each have their distinct strengths. Eightcap provides investors with daily market commentary and offers an economic calendar for tracking global news events, enhancing traders' ability to stay informed about significant developments. The broker also includes a sentiment-based trading tool to help assess market dynamics. By contrast, Libertex (Forex Club) delivers forex news sourced from renowned entities like Bloomberg and Reuters, helping clients access credible insights. However, it lacks daily commentary and sentiment tools that Eightcap supplies.
Both platforms do not offer autochartist tools, Trading Central tools, or TipRanks and Acuity Trading research utilities. While they each feature an economic calendar, the overall research ratings differ, with Eightcap leading slightly with 3.5 stars and ranking 39th out of 63 brokers on ForexBrokers.com in this category. Libertex, rated at 3 stars, stands at a 61st place ranking. These differences highlight Eightcap's advantage in research accessibility and breadth, making it a favorable choice for traders looking for diverse market insights.
| Feature |
Eightcap
|
Libertex (Forex Club)
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Eightcap and Libertex both provide educational resources for beginners interested in forex and CFDs trading, but they have distinct offerings. Eightcap stands out by offering a wealth of educational materials, including over ten articles and beginner videos, helping newcomers get acquainted with essential trading concepts. The platform also offers a searchable webinar archive, allowing users to discover past presentations at their convenience. In addition, Eightcap provides an investor dictionary with more than 50 term definitions, aiding users in familiarizing themselves with trading jargon. This focus on educational tools has earned Eightcap a 3.5-star rating and a number 40 ranking out of 63 brokers in the education category by ForexBrokers.com.
Libertex, meanwhile, offers a different set of learning tools. While it matches Eightcap in providing ten educational pieces focused on forex and CFDs, it does not feature regular educational webinars or a searchable archive. However, Libertex caters better to more experienced traders by offering at least ten advanced educational videos, setting it apart in that aspect. Despite not having an extensive beginner video series or an investor dictionary, the platform has gathered a 3-star educational rating and ranks at number 57 in the education category by ForexBrokers.com. These differences can guide beginners and advanced traders alike in choosing the broker that best fits their learning needs.
| Feature |
Eightcap
|
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) | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that Eightcap is better than Libertex (Forex Club). Eightcap finished with an overall rank of #38, while Libertex (Forex Club) finished with an overall rank of #61.
Eightcap enhances its status as a MetaTrader-only broker with support for a suite of third-party plug-ins, including TradingView.
| Feature |
Eightcap
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Libertex (Forex Club)
|
|---|---|---|
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| Trust Score | 85 | 73 |
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Both Eightcap and Libertex (Forex Club) do not offer the ability to buy actual, delivered cryptocurrency, but they do provide options for purchasing cryptocurrency derivatives.
Eightcap and Libertex (Forex Club) both support PayPal, Skrill, and bank wire transfers for depositing or withdrawing funds, but while Eightcap also offers Visa or Mastercard, it does not provide ACH or SEPA transfers, which are available with Libertex (Forex Club).
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 | Eightcap | Libertex (Forex Club) | |
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| Trust Score | 85 | 73 | |
| Winner | check_circle | ||
| Review | Eightcap Review |
| Broker Screenshots | Eightcap | Libertex (Forex Club) | |
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| Regulation | Eightcap | Libertex (Forex Club) | |
|---|---|---|---|
| Trust Score | 85 | 73 | |
| Year Founded | 2009 | 1997 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 3 | 1 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | Eightcap | Libertex (Forex Club) | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | 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) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | Eightcap | 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 | Eightcap | Libertex (Forex Club) | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 800 | 300 | |
| Forex Pairs (Total) | 56 | 51 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | 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). | 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 | Eightcap | Libertex (Forex Club) | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.0 | N/A | |
| All-in Cost EUR/USD - Active | 0.76 | N/A | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Eightcap | Libertex (Forex Club) | |
|---|---|---|---|
| Minimum Deposit | $100 | $10 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | No | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | Yes |
| Trading Platforms | Eightcap | Libertex (Forex Club) | |
|---|---|---|---|
| Proprietary Platform | No | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Eightcap | Libertex (Forex Club) | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 30 | 15 | |
| Charting - Drawing Tools (Total) | 15 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Eightcap | 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 | 30 | 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 | Eightcap | Libertex (Forex Club) | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Eightcap | 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) | Yes | No |
| Major Forex Pairs | Eightcap | 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 | Eightcap Review |
| Overall | Eightcap | Libertex (Forex Club) | |
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| Trust Score | 85 | 73 | |
| Winner | check_circle | ||
| Review | Eightcap Review |
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