ForexBrokers.com is committed to the highest ethical standards and reviews services independently. Advertiser Disclosure

Forex Club (Libertex) vs FXCM 2019

Is Forex Club (Libertex) better than FXCM? After grading the best forex brokers on nearly 100 different variables, FXCM is better than Forex Club (Libertex). While its range of tradeable markets is very narrow, FXCM caters well to high-volume traders, algorithmic traders, and traders that appreciate robust trading tools alongside quality market research.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Overall Rating

Feature Forex Club (Libertex) FXCM
Overall 3.5 4
Forex Club (Libertex) Review FXCM Review
74-89% of retail CFD accounts lose money 74-89% of retail CFD accounts lose money

Regulation

Feature Forex Club (Libertex) FXCM
Trust Score 68 92
Year Founded
1997 1999
Publicly Traded (Listed)
No Yes
Bank
No No
Tier-1 Licenses
0 3
Tier-2 Licenses
2 2
Tier-3 Licenses
0 0
Authorised in the European Union
Yes Yes

Tier-1 Licenses

Feature Forex Club (Libertex) FXCM
ASIC Authorised (Australia)
No Yes
IIROC Authorised (Canada)
No Yes
SFC Authorised (Hong Kong)
No No
FSA Authorised (Japan)
No No
MAS Authorised (Singapore)
No No
FINMA Authorised (Switzerland)
No No
FCA Authorised (UK)
No Yes
CFTC Registered (USA)
No No

Investments

Feature Forex Club (Libertex) FXCM
Forex: Spot Trading
Yes Yes
Social Trading / Copy-Trading
Yes Yes
Currency Pairs (Total Forex pairs)
44 39
CFDs - Total Offered
128 32
Cryptocurrency traded as actual
No No
Cryptocurrency traded as CFD
Yes Yes
Offering of Investments 3 3
Winner check_circle

Cost

Feature Forex Club (Libertex) FXCM
Average Spread EUR/USD - Standard
N/A 1.3 (as of Q2 19)
All-in Cost EUR/USD - Active
N/A 0.7 (as of Q2 19)
Active Trader or VIP Discounts
Yes Yes
Commissions & Fees 3.5 3.5
Winner check_circle

Funding

Feature Forex Club (Libertex) FXCM
Minimum Initial Deposit
$100 £300
Bank Wire (Deposit/Withdraw)
Yes Yes
Visa/Mastercard (Credit/Debit)
No Yes
PayPal (Deposit/Withdraw)
No No
Skrill (Deposit/Withdraw)
Yes Yes

Trading Platforms

Feature Forex Club (Libertex) FXCM
Proprietary Platform
Yes Yes
Desktop Platform (Windows)
Yes Yes
Web Platform
Yes Yes
Social Trading / Copy-Trading
Yes Yes
MetaTrader 4 (MT4)
Yes Yes
MetaTrader 5 (MT5)
No No
cTrader
No No

Trading Tools

Feature Forex Club (Libertex) FXCM
Virtual Trading (Demo)
Yes Yes
Alerts - Basic Fields
Yes Yes
Watchlists - Total Fields
7 7
Charting - Indicators / Studies (Total)
51 51
Charting - Drawing Tools (Total)
31 31
Charting - Trade From Chart
Yes Yes
Charting - Drawings Autosave
Yes Yes
Order Type - Trailing Stop
Yes Yes
Platform & Tools 3 4.5
Winner check_circle

Mobile Trading

Feature Forex Club (Libertex) FXCM
Android App
Yes Yes
Apple iOS App
Yes Yes
Trading - Forex
Yes Yes
Trading - CFDs
Yes Yes
Alerts - Basic Fields
Yes Yes
Watch List
Yes Yes
Watch List Syncing
Yes Yes
Charting - Indicators / Studies
30 30
Charting - Draw Trend Lines
Yes Yes
Charting - Trend Lines Moveable
No Yes
Charting - Multiple Time Frames
Yes Yes
Charting - Drawings Autosave
No Yes
Forex Calendar
No Yes
Mobile Trading 3.5 4
Winner check_circle

Research

Feature Forex Club (Libertex) FXCM
Daily Market Commentary
Yes Yes
Forex News (Top-Tier Sources)
Yes Yes
Weekly Webinars
No Yes
AutoChartist
Yes Yes
Trading Central (Recognia)
Yes Yes
Delkos Research
No No
Social Sentiment - Currency Pairs
No Yes
Economic Calendar
Yes Yes
Research 3.5 4
Winner check_circle

Education

Feature Forex Club (Libertex) FXCM
Has Education - Forex
Yes Yes
Has Education - CFDs
No No
Client Webinars
No Yes
Client Webinars (Archived)
No Yes
Videos - Beginner Trading Videos
Yes Yes
Videos - Advanced Trading Videos
No Yes
Investor Dictionary (Glossary)
No Yes
Education 2.5 4
Winner check_circle

Major Forex Pairs

Feature Forex Club (Libertex) FXCM
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

Overall

Feature Forex Club (Libertex) FXCM
Forex Club (Libertex) Review FXCM Review
Overall 3.5 4
Winner check_circle
Our ForexBrokers.com team spent several months and hundreds of hours assessing 28 different forex broker accounts for trading FX. In total, over 2,200 data points were collected. For this review, we will compare Forex Club (Libertex) vs FXCM.

To start this comparison, first, we will take a look at the fees charged for trading forex. It's important to note this is no easy task. Not every broker shares their average spreads, spreads can be fixed or variable (floating), execution policies differ, and brokers can act as market makers (dealers) or act as agents for execution. To simplify things, we analyzed everything for you and provide a single star rating for cost. Both Forex Club (Libertex) and FXCM share a rating of 3.50 stars.

Cost aside, we can now turn our focus to regulation alongside currency availability. For regulation, it's very important to select a broker you can trust with your money. Both Forex Club (Libertex) and FXCM are regulated in a major hub. FXCM is a publicly traded company while Forex Club (Libertex) is not. How many currency pairs are available to trade? Forex Club (Libertex) boasts an offering of 44 different currency pairs compared to FXCM's 39 available pairs.

To round out our comparison, let's look at the popular tools and features forex traders prefer. For platforms, some FX traders prefer MetaTrader. Both Forex Club (Libertex) and FXCM offer Meta Trader. Within the trading platform, charting should be robust, so we counted the number of drawing tools and total technical indicators made available. Both brokers offer clients access to the same number of charting tools, 31. Forex Club (Libertex) and FXCM offer the same number of indicators (eg, volume), 51.

Forex Club (Libertex) Review
FXCM Review


Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. All data was obtained from a published web site as of 02/18/2019 and is believed to be accurate, but is not guaranteed. The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.

The names, products, services, branding/logos, and other trademarks or images featured or cited within this Website (www.forexbrokers.com) are the property of their respective owners and the owners retain all legal rights therein. These trademark holders are not affiliated with ForexBrokers.com and the use or display of names, trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, or endorses ForexBrokers.com or any of its reviews, products, or services. ForexBrokers.com declares no affiliation, sponsorship, nor any partnership with any trademark holders unless otherwise stated.

arrow_drop_upBack to top