Written by ForexBrokers.com
In this head to head comparison of FP Markets 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.
FP Markets and Libertex (Forex Club) are two established online brokers catering to forex traders globally, yet they differ substantially in their regulatory credentials. Founded in 2005, FP Markets holds a ForexBrokers.com Trust Score of 89, categorizing it as a trusted broker. It boasts two Tier-1 licenses, indicating a high level of regulatory oversight, and one Tier-2 license. Despite not being a publicly traded company or a bank, FP Markets' solid regulatory status makes it a popular choice among traders seeking security and reliability.
In contrast, Libertex (Forex Club), established in 1997, holds a lower Trust Score of 73 from ForexBrokers.com, falling into the average-risk category. It carries only one Tier-1 license, offering less regulatory protection compared to FP Markets, and lacks Tier-2 licenses. Similar to FP Markets, Libertex is neither publicly listed nor a bank. Traders considering Libertex may wish to weigh its regulatory position against its history and other offerings while making their choice.
| Feature |
FP Markets
|
Libertex (Forex Club)
|
|---|---|---|
| Year Founded | 2005 | 1997 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
When comparing FP Markets to Libertex (Forex Club) based on commissions and fees, FP Markets clearly shines. Known for its competitive pricing on both its MetaTrader and cTrader platforms, FP Markets ranked #6 out of 63 brokers for commissions and fees according to ForexBrokers.com. It offers a commission-based ECN account that is particularly cost-effective for global traders, which earned it a 5-star rating in this category. Highlighting its attractive options, the Raw ECN account delivers tight spreads averaging 0.1 pips, reaching an all-in cost of 0.8 pips after adding the commission. The Standard account, however, comes with higher costs due to its larger spreads. Additionally, FP Markets’ Iress platform provides Direct Market Access on its share CFD offering and is tailored for active traders, although it may be less affordable for those not meeting higher balance requirements.
Libertex (Forex Club), in contrast, offers limited information on its average spread data and earned a much lower ranking, coming in at #62 for commissions and fees. It received a 3-star rating, indicating that it may not be the most cost-competitive choice in the brokerage landscape. This makes FP Markets a preferable option for those focusing heavily on minimizing trading costs.
FP Markets is notably superior due to its flexible account offerings that include both commission-based and spread-based options, catering to a variety of trading preferences. Their Iress suite obliges traders to maintain minimum deposit levels to avoid additional fees, especially for advanced ViewPoint accounts geared towards high-balance and active traders. While Libertex does not offer as much insight into its commission structure, FP Markets stands out as the more cost-efficient broker for different trading styles.
| Feature |
FP Markets
|
Libertex (Forex Club)
|
|---|---|---|
| Minimum Deposit | $100 AUD | $10 |
| Average Spread EUR/USD - Standard | 1.2 | N/A |
| All-in Cost EUR/USD - Active | 0.7 | N/A |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | No | Yes |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | No |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing the range of investments offered by FP Markets and Libertex (Forex Club), FP Markets clearly stands out with a significantly larger selection. Offering a staggering 10,000 tradeable symbols including 71 forex pairs, FP Markets provides extensive options for traders. This contrasts with Libertex (Forex Club), which delivers a smaller array of 300 tradeable symbols and 51 forex pairs. Both brokers offer forex trading primarily as CFDs or spot contracts and provide the opportunity for crypto derivatives, though they neither support the purchase of actual cryptocurrencies nor exchange-traded securities on U.S. or international exchanges. Additionally, both platforms enable copy trading, allowing users to replicate successful strategies.
FP Markets garners a higher rating of 4.5 stars for its range of investments, clearly outpacing Libertex's 3.5 stars. This difference is underscored by their rankings on ForexBrokers.com, where FP Markets secures the 18th spot among 63 brokers, while Libertex trails behind at 53rd. These distinctions reflect FP Markets’ broader variety of trading options and greater appeal for diversified investment activities. While both brokers offer competitive services, those seeking plentiful investment choices might lean towards FP Markets for its expansive offerings.
| Feature |
FP Markets
|
Libertex (Forex Club)
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 300 |
| Forex Pairs (Total) | 71 | 51 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | Yes | 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.
Comparing FP Markets and Libertex (Forex Club) on their trading platforms and tools reveals that both brokers offer a range of features designed to cater to traders' needs. Both provide simulated trading through free virtual demo accounts, proprietary platforms, Windows-based desktop platforms, web-based platforms, and also support MetaTrader 4 (MT4). However, FP Markets extends its offering with MetaTrader 5 (MT5), which Libertex does not provide. Although neither broker supports DupliTrade or ZuluTrade, they both enable direct trading from stock charts and offer comprehensive watch lists with seven columns each.
Regarding charting tools, FP Markets offers 17 drawing tools, while Libertex stands out with a more extensive suite of 30 drawing tools. In terms of performance ratings, both brokers received four out of five stars for their platforms and tools. However, FP Markets is ranked higher by ForexBrokers.com, holding the 23rd spot out of 63, compared to Libertex's 50th position. This suggests that while both brokers offer strong platforms, FP Markets may provide a slight edge in features and overall trader satisfaction.
| Feature |
FP Markets
|
Libertex (Forex Club)
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| 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) | Yes | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | 15 |
| Charting - Drawing Tools (Total) | 17 | 30 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of FP Markets and Libertex (Forex Club), both platforms are equipped with iPhone and Android apps, offering easy access for traders on the go. Both allow users to set stock or forex price alerts, ensuring traders stay informed of market changes. However, a key difference lies in watchlist syncing; FP Markets lacks this feature, while Libertex provides seamless watchlist synchronization between the app and client's online account. This means Libertex users can effortlessly manage their watchlists across devices.
In terms of charting, FP Markets utilizes MetaTrader (Default), offering a wide range of technical studies. Both apps allow the drawing of trendlines and support viewing charts in multiple time frames. However, FP Markets stands out by automatically saving drawings on charts, a feature missing in the Libertex app. Both apps also support the creation of watchlists with real-time quotes. Despite both platforms receiving a four-star rating, FP Markets ranks higher at #18 compared to Libertex’s #49 ranking according to ForexBrokers.com.
| Feature |
FP Markets
|
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 | MetaTrader (Default) | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When it comes to market research tools, FP Markets stands out compared to Libertex (Forex Club). FP Markets provides daily market commentary, which is a feature not offered by Libertex. Both brokers deliver forex news from reputable sources like Bloomberg and Reuters. However, FP Markets takes the lead with advanced tools from Autochartist and Trading Central, offering traders access to technical analysis that Libertex lacks. Additionally, FP Markets offers a sentiment-based trading tool to gauge market position ratios, something you won’t find with Libertex.
Both FP Markets and Libertex provide an economic calendar to keep traders informed about global economic events. Nonetheless, FP Markets achieves a higher rating from ForexBrokers.com in the Research category with 4 stars, compared to Libertex's 3-star rating. In terms of research rankings, FP Markets is placed at #25 out of 63 brokers, while Libertex trails significantly at #61. For those prioritizing extensive research tools and insights, FP Markets presents a more comprehensive option.
| Feature |
FP Markets
|
Libertex (Forex Club)
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational offerings for beginners between FP Markets and Libertex (Forex Club), FP Markets clearly stands out. They provide a wealth of learning tools for forex and CFD trading with over 10 educational pieces that include articles, videos, and archived webinars. FP Markets hosts monthly webinars and offers an accessible archive of past sessions, making it easier for new traders to revisit content at their convenience. They offer a solid selection of more than 10 beginner-focused educational videos and an investor dictionary covering over 50 investing terms, ensuring that newcomers to trading have a strong foundation to build upon.
On the other hand, Libertex (Forex Club) also supplies over 10 educational pieces, focusing on forex and CFDs, but falls short in areas that benefit beginners. They do not provide regular monthly webinars or a searchable archive, potentially limiting the continuous learning experience for their clients. While they do have more than 10 advanced educational videos, they lack beginner-focused content and an investor dictionary, which may leave newcomers wanting more foundational support. With FP Markets rated 4 out of 5 stars for education and ranking #23 among 63 brokers, their resources provide a more comprehensive educational platform compared to Libertex's 3-star rating and #57 ranking.
| Feature |
FP Markets
|
Libertex (Forex Club)
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | 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 FP Markets is better than Libertex (Forex Club). FP Markets finished with an overall rank of #19, while Libertex (Forex Club) finished with an overall rank of #61.
FP Markets shines as a low-cost broker for trading forex and CFDs – as long as you use the MetaTrader platform. The Iress platform suite offers well over 9,000 tradeable symbols, but it’s mostly a share trading platform – and is generally a much pricier option.
| Feature |
FP Markets
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Libertex (Forex Club)
|
|---|---|---|
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| Trust Score | 89 | 73 |
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Both FP Markets and Libertex (Forex Club) provide opportunities for trading cryptocurrency derivatives without the option to purchase actual, delivered cryptocurrencies.
In comparing the deposit and withdrawal options between online brokers FP Markets and Libertex (Forex Club), FP Markets supports PayPal, Skrill, Visa, Mastercard, and bank wires, but not ACH or SEPA transfers, whereas Libertex (Forex Club) offers ACH and SEPA transfers, PayPal, Skrill, and bank wires, but lacks support for 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 | FP Markets | Libertex (Forex Club) | |
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| Trust Score | 89 | 73 | |
| Winner | check_circle | ||
| Review | FP Markets Review |
| Broker Screenshots | FP Markets | Libertex (Forex Club) | |
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| Regulation | FP Markets | Libertex (Forex Club) | |
|---|---|---|---|
| Trust Score | 89 | 73 | |
| Year Founded | 2005 | 1997 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | FP Markets | 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) | No | 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) | FP Markets | Libertex (Forex Club) | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | FP Markets | Libertex (Forex Club) | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 300 | |
| Forex Pairs (Total) | 71 | 51 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | Yes | 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 | FP Markets | Libertex (Forex Club) | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.2 | N/A | |
| All-in Cost EUR/USD - Active | 0.7 | N/A | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | FP Markets | Libertex (Forex Club) | |
|---|---|---|---|
| Minimum Deposit | $100 AUD | $10 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | No | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | Yes |
| Trading Platforms | FP Markets | Libertex (Forex Club) | |
|---|---|---|---|
| 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) | Yes | No | |
| cTrader | Yes | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | FP Markets | Libertex (Forex Club) | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 30 | 15 | |
| Charting - Drawing Tools (Total) | 17 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FP Markets | Libertex (Forex Club) | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | Yes | |
| Mobile Charting - Indicators / Studies | MetaTrader (Default) | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | FP Markets | Libertex (Forex Club) | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | FP Markets | Libertex (Forex Club) | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | Yes | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | FP Markets | 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 | FP Markets Review |
| Overall | FP Markets | Libertex (Forex Club) | |
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| Trust Score | 89 | 73 | |
| Winner | check_circle | ||
| Review | FP Markets Review |
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