Written by ForexBrokers.com
In this head to head comparison of FinecoBank 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.
FinecoBank and Libertex (Forex Club) both offer online trading services, but they differ significantly in terms of trust and regulatory standing. Established in 1999, FinecoBank is a publicly traded financial institution, carrying two Tier-1 licenses that are highly regarded. With a Trust Score of 94 from ForexBrokers.com, FinecoBank is considered highly trustworthy, making it a reliable choice for online trading. Being a bank further solidifies its reputation and trustworthiness in the financial sector.
On the other hand, Libertex (Forex Club) was founded in 1997 and operates as a private firm rather than a publicly traded company. It holds one Tier-1 license and has a Trust Score of 73, which places it in the average risk category according to ForexBrokers.com. Unlike FinecoBank, Libertex is not a bank, which may influence the level of trust some investors are willing to place in its services. Potential clients should weigh these differences when choosing between FinecoBank and Libertex for their trading activities.
| Feature |
FinecoBank
|
Libertex (Forex Club)
|
|---|---|---|
| Year Founded | 1999 | 1997 |
| Publicly Traded (Listed) | Yes | No |
| Bank | Yes | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 0 |
FinecoBank and Libertex (Forex Club) are two well-known online brokers, each with their own approach to commissions and fees. FinecoBank does not provide average spread data for forex and CFD trading, making it hard to determine its actual trading costs. However, it lists a spread of 1 pip for the EUR/USD, which is generally higher than what's offered by other forex brokers. FinecoBank also mentions a spread of 0.8 pips, but without specifying whether these are average values or indicating a particular time frame. Despite this, FinecoBank seems to offer competitive spreads on index CFDs.
On the other hand, Libertex (Forex Club), similar to FinecoBank, does not offer average spread data, adding to the challenge of evaluating its trading expenses. With its unclear details about trading costs, some may find it difficult to fully assess the financial implications of trading with Libertex.
When it comes to ratings, FinecoBank earns 3.5 stars for commissions and fees and is ranked 51st out of 63 brokers by ForexBrokers.com. Meanwhile, Libertex (Forex Club) holds a 3-star rating in the same category and is placed 62nd. While both fall in the lower half of the rankings, FinecoBank edges out Libertex with slightly better reviews in terms of their commission and fee structure.
| Feature |
FinecoBank
|
Libertex (Forex Club)
|
|---|---|---|
| Minimum Deposit | $0 | $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 | Yes | Yes |
| PayPal (Deposit/Withdraw) | No | Yes |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | No | No |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
FinecoBank and Libertex (Forex Club) both provide opportunities for forex trading, offering it via CFD or spot contracts. FinecoBank stands out with a significantly higher number of tradeable symbols, offering 9,770 compared to Libertex's 300. In terms of forex pairs, FinecoBank offers 54, slightly more than Libertex's 51. For those interested in exchange-traded securities, FinecoBank provides access to both U.S. and international markets, allowing clients to invest in companies like Apple and Vodafone directly. In contrast, Libertex does not offer direct access to exchange-traded securities but focuses on CFDs and offers copy trading, which FinecoBank does not. Additionally, neither broker facilitates the purchase of actual cryptocurrencies, though Libertex provides crypto derivatives as an option.
When evaluated by ForexBrokers.com for their range of investments, FinecoBank scores a commendable 4.5 stars, ranking 16th out of 63 brokers. It is noted for its expansive offering and market access. On the other hand, Libertex receives a 3.5-star rating and sits at 53rd place, reflecting a more limited selection in comparison. While Libertex might entice those interested in crypto derivatives and copy trading, investors seeking a broader array of investment options, including direct access to international securities, might find FinecoBank more suitable for their needs.
| Feature |
FinecoBank
|
Libertex (Forex Club)
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 9770 | 300 |
| Forex Pairs (Total) | 54 | 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) | No | 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.
When comparing FinecoBank to Libertex in terms of their trading platforms and tools, each broker offers distinct advantages for analysts to consider. FinecoBank, ranked 18th by ForexBrokers.com in their category, provides a proprietary platform available as a Windows-based desktop download and as a web-based trading interface. Although it lacks support for popular platforms like MetaTrader 4 and 5, FinecoBank still delivers a solid trading experience with a four-star rating. However, traders should note the absence of features like simulated trading accounts and copy trading services.
On the other hand, Libertex, rated four stars and ranked 50th, is known for offering a proprietary platform that also supports the well-regarded MetaTrader 4, alongside a Windows desktop and web-based interface. This broker caters to a broader range of traders with its free virtual demo accounts and copy trading options. Those interested in advanced charting tools may find Libertex appealing, as it boasts 30 drawing tools and the ability to trade directly from stock charts. Despite a lower ranking, its enhanced flexibility and trading options point to its strong appeal for hands-on traders.
| Feature |
FinecoBank
|
Libertex (Forex Club)
|
|---|---|---|
| Virtual Trading (Demo) | No | 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 | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 37 | 15 |
| Charting - Drawing Tools (Total) | 7 | 30 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | N/A | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both FinecoBank and Libertex (Forex Club) offer mobile trading apps compatible with iPhone and Android devices, giving users the flexibility to trade on the go. These apps provide essential features like stock and forex price alerts and the ability to view multiple time frames on charts. However, Libertex stands out by offering more technical studies for charting, with 30 available compared to FinecoBank's 6, and it also allows the drawing of trendlines—something FinecoBank lacks. Additionally, while Libertex supports watchlist synchronization across devices and offers real-time quotes, FinecoBank doesn't provide these conveniences, making Libertex a more feature-rich option for mobile traders seeking in-depth charting tools and synchronized watchlists.
Despite some differences in features, both apps hold a solid 4-star rating for mobile trading. Interestingly, FinecoBank ranks higher, securing the 42nd spot out of 63 brokers in the Mobile Trading Apps category on ForexBrokers.com, while Libertex is positioned at 49th. This suggests that while Libertex offers a wider array of charting tools, users may find FinecoBank’s overall experience to align slightly better with their trading preferences. Whether one values advanced charting capabilities or higher user rankings, both platforms cater to the diverse needs of today's mobile traders.
| Feature |
FinecoBank
|
Libertex (Forex Club)
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | 6 | 30 |
| Mobile Charting - Draw Trendlines | No | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | No |
| Mobile Watchlist | No | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing FinecoBank and Libertex (Forex Club) for market research, both platforms offer valuable information but have distinct features. FinecoBank provides forex news from top-tier sources like Bloomberg and Reuters, ensuring traders have access to high-quality information. Similarly, Libertex also offers news from these premium sources. Additionally, both brokers include an economic calendar to track important global news events, equipping traders with crucial insights into market movements. However, neither FinecoBank nor Libertex offers daily market commentary, technical analysis tools from Autochartist or Trading Central, sentiment-based trading tools, or market research from companies like TipRanks or Acuity Trading.
Regarding research ratings, FinecoBank scores higher with 4.0 stars compared to Libertex's 3 stars, reflecting its stronger research offerings. In a competitive landscape of 63 brokers, FinecoBank is ranked at #33 for research by ForexBrokers.com, while Libertex is positioned lower at #61. These rankings highlight FinecoBank's edge in delivering more comprehensive research features to its users, making it a preferable choice for traders seeking well-rounded market insights.
| Feature |
FinecoBank
|
Libertex (Forex Club)
|
|---|---|---|
| Daily Market Commentary | No | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | No | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing FinecoBank and Libertex (Forex Club) in terms of educational resources for beginners, there are notable differences. FinecoBank offers monthly online educational webinars to clients but lacks a searchable archive of these sessions. New traders can benefit from FinecoBank's collection of beginner-focused videos and an investor dictionary with more than 50 investing term definitions. With a 4.0-star rating, FinecoBank ranks #49 out of 63 brokers in the Education category according to ForexBrokers.com.
Conversely, Libertex provides a wealth of educational materials focused on forex and CFDs, boasting over 10 pieces such as articles, videos, and archived webinars. However, they do not host monthly webinars or have a repository of recorded sessions. In terms of video content, Libertex shines with advanced educational videos for experienced traders but lacks beginner-focused video resources. Despite these offerings, Libertex holds a slightly lower place, ranked #57 among brokers in the education category, with a 3-star rating.
| Feature |
FinecoBank
|
Libertex (Forex Club)
|
|---|---|---|
| Education (Forex or CFDs) | No | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | No | 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 FinecoBank is better than Libertex (Forex Club). FinecoBank finished with an overall rank of #25, while Libertex (Forex Club) finished with an overall rank of #61.
FinecoBank is a trusted multi-asset broker offering forex and CFDs across its brands regulated in the U.K. and Italy. However, unless you visit a physical branch as a citizen of the EU – or you are a resident of Italy or the U.K. – you will not be permitted to open an online account with FinecoBank.
| Feature |
FinecoBank
|
Libertex (Forex Club)
|
|---|---|---|
| Overall Rating |
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| Trust Score | 94 | 73 |
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In a comparison of cryptocurrency offerings, FinecoBank does not allow the purchase of actual or derivative cryptocurrencies, while Libertex (Forex Club) provides the ability to trade cryptocurrency derivatives.
FinecoBank and Libertex (Forex Club) both support ACH or SEPA transfers and bank wires for depositing or withdrawing funds, but while Libertex additionally offers PayPal and Skrill, FinecoBank does not; neither broker supports 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 | FinecoBank | Libertex (Forex Club) | |
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| Trust Score | 94 | 73 | |
| Winner | check_circle | ||
| Review | FinecoBank Review |
| Broker Screenshots | FinecoBank | Libertex (Forex Club) | |
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| Regulation | FinecoBank | Libertex (Forex Club) | |
|---|---|---|---|
| Trust Score | 94 | 73 | |
| Year Founded | 1999 | 1997 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | 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) | FinecoBank | 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) | FinecoBank | 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 | FinecoBank | Libertex (Forex Club) | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 9770 | 300 | |
| Forex Pairs (Total) | 54 | 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) | No | 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 | FinecoBank | 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 | No | No | |
| Execution: Market Maker | No | Yes |
| Funding | FinecoBank | Libertex (Forex Club) | |
|---|---|---|---|
| Minimum Deposit | $0 | $10 | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | No | No | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | Yes |
| Trading Platforms | FinecoBank | 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 | No | No | |
| ZuluTrade | No | No |
| Trading Tools | FinecoBank | Libertex (Forex Club) | |
|---|---|---|---|
| Virtual Trading (Demo) | No | Yes | |
| Alerts - Basic Fields | No | Yes | |
| Watchlists - Total Fields | N/A | 7 | |
| Charting - Indicators / Studies (Total) | 37 | 15 | |
| Charting - Drawing Tools (Total) | 7 | 30 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FinecoBank | Libertex (Forex Club) | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | No | Yes | |
| Watchlist Syncing | No | Yes | |
| Mobile Charting - Indicators / Studies | 6 | 30 | |
| Mobile Charting - Draw Trendlines | No | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | FinecoBank | Libertex (Forex Club) | |
|---|---|---|---|
| Daily Market Commentary | No | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | FinecoBank | Libertex (Forex Club) | |
|---|---|---|---|
| Education (Forex or CFDs) | No | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | No | Yes | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | FinecoBank | 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 | FinecoBank Review |
| Overall | FinecoBank | Libertex (Forex Club) | |
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| Trust Score | 94 | 73 | |
| Winner | check_circle | ||
| Review | FinecoBank Review |
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