Written by ForexBrokers.com
In this head to head comparison of Fineco 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.
Fineco and Libertex (Forex Club) offer distinct features when it comes to online trading. Established in 1999, Fineco is not only a bank but also a publicly traded company, which can provide investors with added confidence. It holds two Tier-1 licenses, reflecting a high level of regulatory trust and reliability. Fineco boasts a Trust Score of 94 out of 99 according to ForexBrokers.com, classifying it as a highly trusted broker. Meanwhile, Libertex, founded in 1997, is neither a bank nor publicly listed. It holds one Tier-1 license, suggesting a commendable level of trust; however, its Trust Score is 73 out of 99, indicating an average risk in terms of trustworthiness.
While Fineco offers the security associated with being a publicly traded bank and higher regulatory credentials with its Tier-1 licenses, Libertex may appeal to traders looking for a long-established brokerage with a fair trust rating. These differences make Fineco a slightly safer choice for risk-averse investors, while Libertex remains a viable alternative for those comfortable with moderate risk levels. By considering these attributes, traders can make an informed choice that suits their individual investment needs.
| Feature |
Fineco
|
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 examining the commissions and fees of Fineco and Libertex (Forex Club), potential investors often struggle to find transparency in average spread data, which complicates the understanding of trading costs. Fineco provides a spread of 1 pip for the EUR/USD currency pair. While not advertised as an average, this spread is higher than what many forex brokers typically offer. In some instances, Fineco lists spreads as low as 0.8 pips but without clear average values or timeframes. It's important for traders to consider that Fineco might offer more competitive spreads specifically on index CFDs.
On the other hand, Libertex (Forex Club) does not publish average spread data, making direct comparison equally challenging. This lack of specific information can make it more difficult for traders to gauge potential market costs compared to other brokers who might be more upfront with their pricing structures.
In terms of ratings and rankings by ForexBrokers.com, Fineco receives 3.5 stars for commissions and fees, ranking it 51st out of 63 brokerages. Meanwhile, Libertex earns a slightly lower rating of 3 stars, placing it 62nd in the same category. These rankings indicate that both brokers have room for improvement in providing clearer and potentially more competitive commission and fee structures.
| Feature |
Fineco
|
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 comparing Fineco and Libertex (Forex Club) for their range of investments, Fineco stands out with an impressive selection. Fineco provides traders with access to 9,770 tradeable symbols, significantly surpassing Libertex's offering of 300. In the realm of forex trading, Fineco offers 54 tradeable pairs, just slightly more than Libertex's 51 forex pairs. Unlike Libertex, Fineco also provides opportunities to invest directly in exchange-traded securities on both U.S. and international exchanges. This feature allows clients to purchase well-known stocks like Apple and Vodafone directly. However, if you're interested in copy trading, Fineco does not offer this feature, whereas Libertex does, allowing users to mimic the trades of experienced investors.
When it comes to cryptocurrency, neither Fineco nor Libertex provides the option to purchase actual cryptocurrencies. Yet, Libertex offers the capability to trade cryptocurrency derivatives, which can appeal to those looking to speculate on price movements without owning the digital coins. Overall, Fineco receives a higher rating for its range of investments, earning 4.5 stars compared to Libertex's 3.5 stars. This is reflected in Fineco's ranking as the 16th out of 63 brokers for investment range, whereas Libertex is positioned at 53rd. This evaluation suggests that Fineco presents a more comprehensive investment platform for diverse trading needs.
| Feature |
Fineco
|
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 Fineco and Libertex (Forex Club), each has its strengths and weaknesses. Fineco offers a proprietary platform that can be accessed via a Windows desktop download or a web-based browser, providing flexibility for its users. However, it lacks advanced features like a simulated trading account or MetaTrader support, which may limit the options for traders seeking these functionalities. Fineco’s platform supports a moderate number of drawing tools but does not allow trading directly from charts, which might be a drawback for chart-focused traders. With a four-star rating and a ranking of 18 out of 63 brokers by ForexBrokers.com, Fineco still presents a solid choice for traders appreciating its in-house platform.
On the other hand, Libertex (Forex Club) also provides a proprietary platform compatible with both Windows desktop and web browsers, but it stands out with more diverse offerings like a simulated trading account and copy trading options. While it supports the popular MetaTrader 4, it doesn’t offer MetaTrader 5, similar to Fineco. With a substantial number of drawing tools and the ability to trade directly from stock charts, Libertex appeals to traders who value these added features. Despite being rated with the same four-star level for its trading platforms and tools, its ranking at 50 out of 63 by ForexBrokers.com suggests it may lag behind in some areas compared to Fineco.
| Feature |
Fineco
|
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.
When comparing Fineco and Libertex (Forex Club) in terms of their mobile trading apps, both brokers provide apps for iPhone and Android, ensuring accessibility regardless of your device. Both offer useful features like stock or forex price alerts and multiple time frame views. However, Libertex (Forex Club) stands out with more robust charting tools, offering 30 technical studies compared to Fineco's six. It also allows the drawing of trend lines and supports watchlist syncing with clients' online accounts, making it easier to manage your investments on the go. Fineco, on the other hand, does not support these specific functionalities.
Fineco and Libertex (Forex Club) both receive a solid 4-star rating for their mobile trading apps. Despite this, the experiences they offer differ in some areas. For example, while Libertex (Forex Club) enables real-time watchlist creation and updates, Fineco does not provide this feature. Neither app auto-saves chart drawings, which may be a consideration for traders focused on technical analysis. With Fineco ranking #42 and Libertex #49 out of 63 brokers evaluated by ForexBrokers.com, each has its strengths, allowing users to weigh what features are most important to their trading style.
| Feature |
Fineco
|
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 market research offerings between Fineco and Libertex, several key differences stand out. Both brokers provide forex news from high-quality sources like Bloomberg and Reuters, which ensures that traders stay informed on the latest market developments. Additionally, both Fineco and Libertex offer robust economic calendars, which help traders anticipate global economic events. However, neither broker provides daily market commentary or sentiment-based trading tools. Furthermore, they both lack research tools from Autochartist and Trading Central, as well as market insights from companies like TipRanks and Acuity Trading.
In terms of research ratings, Fineco gains an advantage with a score of 4.0 stars compared to Libertex's 3 stars. Fineco's superior research capabilities are further reflected in its higher ranking of #33 among 63 brokers on ForexBrokers.com, while Libertex sits at a lower position of #61. For traders seeking a broker with a more favorable standing in research, Fineco may be the preferable option.
| Feature |
Fineco
|
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 it comes to educational resources for beginner traders, Fineco and Libertex (Forex Club) each have their unique strengths. Fineco provides monthly online webinars to engage with its audience, which can be very helpful for those looking for real-time learning experiences. Additionally, Fineco offers more than ten beginner-focused videos, catering to those just starting in the world of trading. An added bonus is their investor dictionary, which includes definitions of over 50 investing terms, making complex topics more understandable. With a 4-star rating for education, Fineco seems well-equipped to guide new traders.
On the other hand, Libertex (Forex Club) impresses with its collection of over ten advanced educational videos for experienced traders and a wealth of educational materials, including more than ten pieces focusing on forex or CFDs. However, Libertex does not provide monthly webinars or an extensive investor dictionary, which might be a downside for some. While their resources are valuable, beginners might find Fineco more suited to their initial learning needs. Rated with 3 stars in education, Libertex ranks slightly lower than Fineco, making Fineco a preferred choice for educational support among new traders.
| Feature |
Fineco
|
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 Fineco is better than Libertex (Forex Club). Fineco 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 |
Fineco
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Libertex (Forex Club)
|
|---|---|---|
| Overall Rating |
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| Trust Score | 94 | 73 |
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In comparing online brokers Fineco and Libertex (Forex Club), neither platform offers the ability to buy actual cryptocurrency (delivered, not a CFD), but while Fineco does not offer cryptocurrency derivatives, Libertex provides the option to invest in cryptocurrency derivatives.
When comparing the online brokers Fineco and Libertex (Forex Club), both offer ACH and SEPA transfers as well as bank wires for depositing or withdrawing funds; however, while Fineco does not support PayPal or Skrill, Libertex provides options for both, and 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 | Fineco | Libertex (Forex Club) | |
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| Trust Score | 94 | 73 | |
| Winner | check_circle | ||
| Review | Fineco Review |
| Broker Screenshots | Fineco | Libertex (Forex Club) | |
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| Regulation | Fineco | 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) | Fineco | 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) | Fineco | 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 | Fineco | 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 | Fineco | 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 | Fineco | 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 | Fineco | 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 | Fineco | 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 | Fineco | 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 | Fineco | 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 | Fineco | 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 | Fineco | 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 | Fineco Review |
| Overall | Fineco | Libertex (Forex Club) | |
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| Trust Score | 94 | 73 | |
| Winner | check_circle | ||
| Review | Fineco Review |
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