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LCG vs Forex Club (Libertex) 2019

Is Forex Club (Libertex) better than LCG? After grading the best forex brokers on nearly 100 different variables, LCG is better than Forex Club (Libertex). While losing its publicly-traded status doesn’t help LCG’s credibility, LCG does offer excellent customer service and competitive pricing, specifically with its LCGTrader (cTrader) ECN account offering ($10,000 min deposit).
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 LCG Forex Club (Libertex)
Overall 4 3.5
LCG Review Forex Club (Libertex) Review
79% of retail CFD accounts lose money 74-89% of retail CFD accounts lose money

Regulation

Feature LCG Forex Club (Libertex)
Trust Score 81 68
Year Founded
1996 1997
Publicly Traded (Listed)
No No
Bank
No No
Tier-1 Licenses
1 0
Tier-2 Licenses
1 2
Tier-3 Licenses
0 0
Authorised in the European Union
Yes Yes

Tier-1 Licenses

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

Investments

Feature LCG Forex Club (Libertex)
Forex: Spot Trading
Yes Yes
Social Trading / Copy-Trading
Yes Yes
Currency Pairs (Total Forex pairs)
61 44
CFDs - Total Offered
4759 128
Cryptocurrency traded as actual
No No
Cryptocurrency traded as CFD
Yes Yes
Offering of Investments 3.5 3
Winner check_circle

Cost

Feature LCG Forex Club (Libertex)
Average Spread EUR/USD - Standard
1.45 (as of Oct 19) N/A
All-in Cost EUR/USD - Active
0.65 (as of Oct 19) N/A
Active Trader or VIP Discounts
Yes Yes
Commissions & Fees 3 3.5
Winner check_circle

Funding

Feature LCG Forex Club (Libertex)
Minimum Initial Deposit
$0.00 $100
Bank Wire (Deposit/Withdraw)
Yes Yes
Visa/Mastercard (Credit/Debit)
Yes No
PayPal (Deposit/Withdraw)
No No
Skrill (Deposit/Withdraw)
Yes Yes

Trading Platforms

Feature LCG Forex Club (Libertex)
Proprietary Platform
No 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
Yes No

Trading Tools

Feature LCG Forex Club (Libertex)
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 3.5 3
Winner check_circle

Mobile Trading

Feature LCG Forex Club (Libertex)
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
Yes No
Charting - Multiple Time Frames
Yes Yes
Charting - Drawings Autosave
No No
Forex Calendar
No No
Mobile Trading 3.5 3.5
Winner check_circle

Research

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

Education

Feature LCG Forex Club (Libertex)
Has Education - Forex
Yes Yes
Has Education - CFDs
No No
Client Webinars
Yes No
Client Webinars (Archived)
Yes No
Videos - Beginner Trading Videos
Yes Yes
Videos - Advanced Trading Videos
Yes No
Investor Dictionary (Glossary)
Yes No
Education 3 2.5
Winner check_circle

Major Forex Pairs

Feature LCG Forex Club (Libertex)
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 LCG Forex Club (Libertex)
LCG Review Forex Club (Libertex) Review
Overall 4 3.5
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 LCG.

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. Forex Club (Libertex)'s score is 3.50 stars versus LCG's 3.00 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. Forex Club (Libertex) and LCG both are regulated in a major hub. Neither are publicly traded companies. How many currency pairs are available to trade? Forex Club (Libertex) trails LCG by 17 total currency pairs (for example, EUR/USD), with LCG offering 61 and Forex Club (Libertex) offering 44.

To round out our comparison, let's look at the popular tools and features forex traders prefer. For platforms, some FX traders prefer MetaTrader. Forex Club (Libertex) and LCG both 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. Forex Club (Libertex) and LCG offer the same number of charting tools, 31. Both Forex Club (Libertex) and LCG provide clients with access to 51 total indicators (eg, moving averages).

Forex Club (Libertex) Review
LCG 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.

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