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Eightcap vs Libertex (Forex Club) 2022

ForexBrokers.com

Written by ForexBrokers.com

November 08, 2022

Is Eightcap better than Libertex (Forex Club)? In our analysis of 23 international regulators across 39 of the best forex brokers, Eightcap is considered average-risk, with an overall Trust Score of 87 out of 99. Libertex (Forex Club) is considered high-risk, with an overall Trust Score of 72 out of 99. Learn more about Trust Score.

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Overall RatingEightcapLibertex (Forex Club)IG
Overall Rating4 Stars3.5 Stars5 Stars
Commissions & Fees4 Stars3 Stars5 Stars
Offering of Investments4 Stars3.5 Stars5 Stars
Platform & Tools4 Stars4 Stars5 Stars
Mobile Trading4 Stars4 Stars5 Stars
Research3.5 Stars3 Stars5 Stars
Education3.5 Stars3 Stars5 Stars
Trust Score877299
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ReviewEightcap ReviewIG Review
RegulationEightcapLibertex (Forex Club)IG
Trust Score877299
Year Founded200919971974
Publicly Traded (Listed)NoNoYes
BankNoNoYes
Tier-1 Licenses217
Tier-2 Licenses112
Tier-3 Licenses101
Authorised in European UnionYesYesYes
About RegulationA “Yes” for any individual regulator indicates that the broker has at least one brand or entity that is licensed and/or authorized by that regulator within its group/organizational structure. Learn more about Trust Score.A “Yes” for any individual regulator indicates that the broker has at least one brand or entity that is licensed and/or authorized by that regulator within its group/organizational structure. Learn more about Trust Score.A “Yes” for any individual regulator indicates that the broker has at least one brand or entity that is licensed and/or authorized by that regulator within its group/organizational structure. Learn more about Trust Score.
Tier-1 Licenses (High Trust)EightcapLibertex (Forex Club)IG
ASIC Authorised (Australia)YesNoYes
IIROC Authorised (Canada)NoNoNo
SFC Authorised (Hong Kong)NoNoNo
CBI Authorised (Ireland)NoNoNo
FSA Authorised (Japan)NoNoYes
MAS Authorised (Singapore)NoNoYes
FINMA Authorised (Switzerland)NoNoYes
FCA Authorised (U.K.)YesYesYes
CFTC Registered (USA)NoNoYes
FMA Authorised (New Zealand)NoNoYes
Tier-2 Licenses (Average Trust)EightcapLibertex (Forex Club)IG
CBRC Authorised (China)NoNoNo
CySEC Authorised (Cyprus)YesYesNo
SEBI Authorised (India)NoNoNo
ISA Authorised (Israel)NoNoNo
CBR Authorised (Russia)NoNoNo
FSCA Authorised (South Africa)NoNoYes
SEC Authorised (Thailand)NoNoNo
DFSA / Central Bank Authorised (UAE)NoNoYes
Tier-3 Licenses (Low Trust)EightcapLibertex (Forex Club)IG
SCB Authorised (Bahamas)NoNoNo
IFSC Authorised (Belize)NoNoNo
CIMA Authorised (Cayman Islands)NoNoNo
BMA Authorised (Bermuda)NoNoYes
FSC Authorised (British Virgin Islands)NoNoNo
FSC Authorised (Mauritius)NoNoNo
VFSC Authorised (Vanuatu)YesNoNo
InvestmentsEightcapLibertex (Forex Club)IG
Forex Trading (Spot or CFDs)YesYesYes
Tradeable Symbols (Total)32630019537
Forex Pairs (Total)4551100
U.S. Stock Trading (Non CFD)NoNoYes
Int'l Stock Trading (Non CFD)NoNoYes
Social Trading / Copy TradingYesYesYes
Cryptocurrency (Physical)NoNoNo
Cryptocurrency (CFD)YesYesYes
DisclaimersNote: 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).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).
CostEightcapLibertex (Forex Club)IG
Average Spread EUR/USD - StandardN/A-10.86 (September 2022)
All-in Cost EUR/USD - Active0.76-10.5957 (September 2022)
Active Trader or VIP DiscountsNoYesYes
Execution: Agency BrokerYesNoYes
Execution: Market MakerYesYesYes
FundingEightcapLibertex (Forex Club)IG
Minimum Initial Deposit$100$10£250.00
PayPal (Deposit/Withdraw)YesYesYes
Skrill (Deposit/Withdraw)YesYesNo
Visa/Mastercard (Credit/Debit)YesNoYes
Bank Wire (Deposit/Withdraw)YesYesYes
Trading PlatformsEightcapLibertex (Forex Club)IG
Proprietary PlatformNoYesYes
Desktop Platform (Windows)YesYesYes
Web PlatformYesYesYes
Social Trading / Copy TradingYesYesYes
MetaTrader 4 (MT4)YesYesYes
MetaTrader 5 (MT5)YesNoNo
cTraderNoNoNo
DupliTradeNoNoNo
ZuluTradeNoNoNo
Trading ToolsEightcapLibertex (Forex Club)IG
Virtual Trading (Demo)YesYesYes
Alerts - Basic FieldsYesYesYes
Watchlists - Total Fields7714
Charting - Indicators / Studies (Total)301533
Charting - Drawing Tools (Total)153020
Charting - Trade From ChartYesYesYes
Charts can be savedYesYesYes
Mobile TradingEightcapLibertex (Forex Club)IG
Android AppYesYesYes
Apple iOS AppYesYesYes
Mobile Alerts - Basic FieldsYesYesYes
Mobile WatchlistYesYesYes
Watchlist SyncingNoYesYes
Mobile Charting - Indicators / Studies303033
Mobile Charting - Draw TrendlinesYesYesYes
Mobile Charting - Multiple Time FramesYesYesYes
Mobile Charting - Drawings AutosaveNoNoYes
Forex CalendarYesYesYes
ResearchEightcapLibertex (Forex Club)IG
Daily Market CommentaryYesNoYes
Forex News (Top-Tier Sources)NoYesYes
AutochartistNoNoYes
Trading Central (Recognia)NoNoNo
Social Sentiment - Currency PairsNoNoYes
Economic CalendarNoYesYes
EducationEightcapLibertex (Forex Club)IG
Has Education - Forex or CFDsYesYesYes
Client WebinarsNoNoYes
Client Webinars (Archived)YesNoYes
Videos - Beginner Trading VideosYesNoYes
Videos - Advanced Trading VideosNoYesYes
Investor Dictionary (Glossary)YesNoYes
Major Forex PairsEightcapLibertex (Forex Club)IG
GBP/USDYesYesYes
USD/JPYYesYesYes
EUR/USDYesYesYes
USD/CHFYesYesYes
USD/CADYesYesYes
NZD/USDYesYesYes
AUD/USDYesYesYes
ReviewEightcap ReviewIG Review
OverallEightcapLibertex (Forex Club)IG
Overall Rating4 Stars3.5 Stars5 Stars
Commissions & Fees4 Stars3 Stars5 Stars
Offering of Investments4 Stars3.5 Stars5 Stars
Platform & Tools4 Stars4 Stars5 Stars
Mobile Trading4 Stars4 Stars5 Stars
Research3.5 Stars3 Stars5 Stars
Education3.5 Stars3 Stars5 Stars
Trust Score877299
Winnercheck_circle
ReviewEightcap ReviewIG Review
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Eightcap 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 Eightcap vs Libertex (Forex Club).

Does Eightcap or Libertex (Forex Club) offer lower pricing?

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, IG offers better pricing overall for traders.

Is Eightcap or Libertex (Forex Club) safer for forex and CFDs trading?

At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. Eightcap holds 2 global Tier-1 licenses, while Libertex (Forex Club) holds 1. Both Eightcap and Libertex (Forex Club) hold 1 global Tier-2 licenses. In our analysis of 23 international regulators across 50 brokers, Eightcap earned a higher Trust Score than Libertex (Forex Club).

Which trading platform is better: Eightcap or Libertex (Forex Club)?

To compare the trading platforms of both Eightcap and Libertex (Forex Club), we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, IG offers a better experience. With research, IG offers superior market research. Finally, we found IG to provide better mobile trading apps.

What about MetaTrader and copy trading?

For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Both Eightcap and Libertex (Forex Club) offer MetaTrader 4 (MT4).Eightcap and Libertex (Forex Club) both offer copy trading.

How many forex pairs and CFDs are available to trade?

Libertex (Forex Club) provides traders 51 currency pairs (e.g., EUR/USD) compared to Eightcap's 45 available pairs. Forex pairs aside, Eightcap offers traders access to 326 CFDs while Libertex (Forex Club) has 300 available CFDs, a difference of 26.

Can I trust Eightcap?

Eightcap is not publicly traded and does not operate a bank. Eightcap is authorised by two tier-1 regulators (high trust), one tier-2 regulators (average trust), and one tier-3 regulators (low trust). Eightcap is authorised by the following tier-1 regulators: Financial Conduct Authority (FCA) and the Australian Securities & Investment Commission (ASIC).

Can I trust Libertex (Forex Club)?

Libertex (Forex Club) is not publicly traded and does not operate a bank. Libertex (Forex Club) is authorised by zero tier-1 regulators (high trust), one tier-2 regulator (average trust), and zero tier-3 regulators (low trust). Libertex (Forex Club) is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC).

Is Eightcap good?

Eightcap enhances its status as a MetaTrader-only broker with support for a suite of third-party plug-ins and access to Capitalise.ai’s algorithmic trading platform.

Is Libertex (Forex Club) good?

Forex Club has long been a MetaTrader broker, though its more recent Libertex brand in Europe also offers a proprietary platform. That said, Libertex has fewer regulatory licenses than its peers, resulting in a below-average Trust Score.

Overall winner: IG

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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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