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 |
When it comes to evaluating FinecoBank and Libertex (Forex Club) for their commissions and fees, neither broker provides average spread data, which makes it challenging to get a clear picture of the trading costs involved. FinecoBank lists a spread of 1 pip for the EUR/USD currency pair, which is slightly higher than what is commonly offered by many other forex brokers. They also mention a spread of 0.8 pips, but these figures are not verified as average values, nor is there a specific date range provided. On the positive side, FinecoBank does appear to offer lower spreads when trading index CFDs.
Libertex (Forex Club) also does not publish data on average spreads, which means potential clients must proceed with limited information regarding trading costs. When comparing the two brokers based on ForexBrokers.com rankings, FinecoBank receives a slightly higher rating with 3.5 stars and is ranked #50 out of 62 brokers for commissions and fees. Libertex, on the other hand, is rated at 3 stars and is ranked #61. Despite the lack of comprehensive spread data, these ratings give some insight into their relative cost-effectiveness.
Overall, both FinecoBank and Libertex have room for improvement in terms of transparency regarding their commissions and fees. Customers looking for in-depth data on trading costs may find it beneficial to explore other brokers with more comprehensive disclosures to make informed trading decisions. However, based on the available information, FinecoBank may offer somewhat more competitive spreads on indices, whereas Libertex could potentially be more suited for those who value other aspects of their trading services over cost efficiency.
| 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.
When it comes to the variety of investments, FinecoBank and Libertex (Forex Club) present distinct offerings for traders looking to diversify their portfolios. FinecoBank impressively provides access to 9,770 tradeable symbols, significantly outpacing Libertex's 300. Both platforms offer forex trading as CFDs or spot contracts, with FinecoBank featuring 54 tradeable forex pairs compared to Libertex's 51. Investors interested in exchange-traded securities will find FinecoBank especially appealing, as it grants the ability to purchase shares on both U.S. and international exchanges, a privilege not available through Libertex.
For those keen on alternative trading strategies, Libertex stands out by offering copy trading and the option to invest in cryptocurrency derivatives, although neither broker enables the purchase of actual cryptocurrencies. Despite this, FinecoBank's expansive range of traditional investment options earns it a commendable 4.5-star rating for range of investments, ranking it 16th out of 62 brokers according to ForexBrokers.com. In contrast, Libertex receives a 3.5-star rating, securing the 53rd spot. The choice between FinecoBank and Libertex ultimately hinges on your preference for a broader range of conventional investment instruments versus specialized trading features.
| 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 the trading platforms and tools of FinecoBank and Libertex (Forex Club), both brokers offer proprietary platforms for a user-friendly experience. FinecoBank supports Windows-based platform downloads, a web-based trading option, and is ranked higher by ForexBrokers.com for its overall platform and tools, coming in at #17 out of 62 brokers. However, it falls short in some areas, as it does not provide a demo account for simulated trading or integration with popular third-party platforms like MetaTrader 4 (MT4). In terms of functionality, FinecoBank provides seven drawing tools, but does not offer the convenience of trading directly from a stock chart and lacks support for copy trading.
Libertex, on the other hand, not only has its proprietary platform available for both Windows and web-based trading, but it also offers a free virtual demo account, which can be a great asset for beginners looking to practice without risking real money. Additionally, it supports MetaTrader 4 and offers a much broader range of charting tools, including 30 drawing tools and the ability to execute trades directly from charts—features that could appeal to more hands-on traders. While Libertex is ranked lower at #50 by ForexBrokers.com, the broker accommodates traders looking to explore copy trading and more customization options with seven watch list columns. Both brokers share an identical rating of 4 stars for their trading platforms and tools, yet the features they offer provide different advantages depending on trader preferences.
| 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.
FinecoBank and Libertex (Forex Club) both provide mobile apps for iPhone and Android users, allowing traders the convenience of accessing the market from their smartphones. Each offers stock or forex price alerts, ensuring that investors remain informed of important changes. However, a key difference lies in their watchlist capabilities; while Libertex supports watchlist symbol syncing, FinecoBank does not. This means changes made in the Libertex mobile app automatically reflect on the user's online account, enhancing ease of use for its clients.
When it comes to charting tools, FinecoBank falls short with only six technical studies available in its app compared to Libertex's offering of thirty. Furthermore, while Libertex users can draw trendlines on charts, this feature is absent from FinecoBank. Both apps allow viewing of multiple time frames like daily or weekly on their charts, though neither saves drawings automatically. Moreover, the ability to create a watchlist with real-time quotes is only found in the Libertex app. Despite these differences, both apps share a four-star rating for mobile trading, with FinecoBank ranking slightly higher at #42 compared to Libertex's #49 among 62 brokers reviewed by ForexBrokers.com.
| 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 it comes to market research offerings, FinecoBank and Libertex (Forex Club) both provide their users access to forex news from major sources like Bloomberg and Reuters. However, neither platform delivers daily market commentary, nor do they offer advanced research tools from providers such as Autochartist and Trading Central. Additionally, both brokers lack sentiment-based trading tools or market insights from TipRanks and Acuity Trading. Even though FinecoBank and Libertex (Forex Club) provide economic calendars to assist in planning around global events, their overall research capabilities differ significantly in quality and ranking.
FinecoBank earns a higher research rating with four out of five stars, securing the 33rd position among 62 brokers according to ForexBrokers.com. This suggests a more comprehensive research experience compared to Libertex (Forex Club), which scores three stars and holds the 60th position. For individuals prioritizing in-depth analysis and timely news, FinecoBank may be the preferable choice over Libertex (Forex Club). However, for those satisfied with basic market news and an economic calendar, both platforms could serve their needs adequately.
| 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.
FinecoBank and Libertex (Forex Club) provide different educational tools for beginners exploring Forex and CFDs trading. FinecoBank does not offer a comprehensive range of educational content specific to Forex or CFDs, falling short of the ten-item benchmark. However, it shines in conducting regular monthly webinars aimed at educating their clients, although these are not archived for future reference. The bright spot for beginners at FinecoBank is its collection of beginner-focused educational videos, providing practical insights into trading for those just starting. Additionally, FinecoBank offers an investor dictionary, helping beginners get acquainted with over 50 investing terms, enhancing their learning curve. With this unique mix, FinecoBank earns a commendable 4-star rating in education, ranking 49 out of 62 brokers according to ForexBrokers.com.
On the other hand, Libertex offers a broader selection of educational content focused primarily on Forex and CFDs, meeting the minimum of ten articles, videos, or webinars. Despite the absence of live monthly webinars for clients, Libertex caters to more experienced traders with an impressive array of advanced educational videos, providing deep dives into complex trading strategies. However, beginner educational videos and an investor dictionary are not part of Libertex's offerings. This focus on advanced education limits its beginner-friendliness, reflected in its 3-star education rating and 57th place ranking out of 62 brokers, as per ForexBrokers.com. Beginners might find Libertex less accessible initially but beneficial as they gain trading experience.
| 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 62 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 #60.
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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