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 | 2 | 0 |
When it comes to commissions and fees, FP Markets clearly outpaces Libertex (Forex Club). FP Markets earns 5 out of 5 stars and ranks #6 out of 63 brokers for this category, while Libertex is rated 3 out of 5 stars and ranks #63 out of 63. FP Markets also took Best in Class honors for Commissions and Fees in 2024, underscoring its strong value for cost-conscious traders.
FP Markets delivers low pricing across MetaTrader and cTrader, especially with its commission-based Raw ECN account. As of October 2023, Raw ECN spreads averaged 0.1 pips on EUR/USD (about 0.8 pips all-in after a $6 round-turn commission per standard lot), while the Standard account averaged 1.1 pips with no commission. The broker also offers share CFDs via the Iress suite with Direct Market Access and full depth of book. Keep in mind: Iress ViewPoint accounts are geared toward active, higher-balance traders, with minimums of AUD 1,000 (Standard), AUD 25,000 (Platinum), and AUD 50,000 (Premier); avoiding platform and data fees generally requires either the Premier tier or at least AUD 150 in monthly commissions. The lower-cost Iress Investor plan waives monthly fees but has limited tools and no default streaming data.
By contrast, Libertex does not provide average spread data, which makes direct price comparisons harder. That lack of transparency contributes to its lower standing: 3 out of 5 stars and a #63 of 63 ranking for Commissions and Fees. Traders who prioritize clear, low-cost pricing may find FP Markets the more appealing option.
| Feature |
FP Markets
|
Libertex (Forex Club)
|
|---|---|---|
| Minimum Deposit | $100 AUD | $10 |
| Average spread (EUR/USD) - Standard account | 1.2 | N/A |
| All-in Cost EUR/USD - Active | 0.7 | N/A |
| Non-wire bank transfer | No | Yes |
| PayPal (Deposit/Withdraw) | Yes | |
| Skrill (Deposit/Withdraw) | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Comparing FP Markets vs Libertex (Forex Club) on market range, FP Markets clearly lists more to trade: about 10,000 instruments versus 300 at Libertex. FP Markets also offers 71 currency pairs, while Libertex has 51. Both brokers support forex trading as CFDs or spot contracts. Neither broker provides access to exchange-traded U.S. or international shares (so you can’t buy actual stocks like Apple or Vodafone through them). For crypto, both let you trade cryptocurrency via CFDs but do not offer direct, delivered coins.
Copy trading is available with both brokers. For range of investments, FP Markets earns 4.5/5 stars and ranks #19 out of 63 brokers on ForexBrokers.com, compared with Libertex (Forex Club) at 3.5/5 stars and a #54 ranking. In short, FP Markets suits traders who want a wider choice of markets, while Libertex covers the basics with fewer symbols.
| 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. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | No | No |
| Copy Trading | Yes | Yes |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | 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.
FP Markets and Libertex (Forex Club) both check the key boxes for trading platforms and tools. Each broker offers a free demo account for paper trading, a proprietary platform, Windows desktop and web-based platforms, copy trading, MetaTrader 4 (MT4), and the ability to trade directly from charts. Both earned 4 stars for Trading Platforms and Tools; however, FP Markets ranks higher at #23 out of 63 brokers, while Libertex is #51 according to ForexBrokers.com.
The main platform difference is MetaTrader 5 (MT5): FP Markets offers MT5, while Libertex does not. If MT5 access matters to you, FP Markets is the clear pick; if MT4 meets your needs, both brokers fit the bill. Both provide charting and watchlists, with details like indicator sets and watchlist fields varying by platform. For traders prioritizing MT5 and a higher category ranking, FP Markets has the edge; for those focused on MT4 plus copy trading across web and desktop, either option works.
| Feature |
FP Markets
|
Libertex (Forex Club)
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | No |
| Charting - Indicators / Studies (Total) | 30 | 15 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
FP Markets and Libertex (Forex Club) both offer mobile trading apps for iPhone and Android, and each supports price alerts to help you track market moves. A key difference is watchlist syncing: FP Markets does not sync watchlists between mobile and web, while Libertex does, so changes you make on one device appear on the other.
For charting, both apps let you draw trendlines. FP Markets auto-saves your drawings, whereas Libertex does not. FP Markets’ app uses MetaTrader’s standard indicator set, while Libertex lists 30 technical studies. Both receive 4 out of 5 stars for mobile trading apps; however, ForexBrokers.com ranks FP Markets higher at #18 out of 63 brokers, compared with Libertex at #50. Choose Libertex if synced watchlists matter most, or FP Markets if you prefer MetaTrader-based tools with auto-saved chart annotations.
| Feature |
FP Markets
|
Libertex (Forex Club)
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | MetaTrader (Default) | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | No |
Dive deeper: Best Forex Trading Apps.
Comparing market research, FP Markets pulls ahead of Libertex (Forex Club). FP Markets offers daily market commentary, while Libertex does not. Both brokers provide forex news from major outlets such as Bloomberg, Reuters, or Dow Jones, and each includes an economic calendar for tracking key events. In independent ratings, FP Markets scores 4 out of 5 stars for Research and ranks 25th out of 63 brokers at ForexBrokers.com; Libertex earns 3 out of 5 stars and ranks 62nd.
FP Markets also supplies more built-in analysis tools, including Autochartist, Trading Central, and a sentiment tool that shows the ratio of long versus short positions across instruments. Libertex does not offer Autochartist, Trading Central, or a sentiment gauge. FP Markets does not include TipRanks or Acuity Trading tools; for Libertex, availability of TipRanks or Acuity Trading was not specified. If you want deeper in-platform research and frequent commentary, FP Markets is the stronger choice.
| Feature |
FP Markets
|
Libertex (Forex Club)
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central | Yes | No |
| Client sentiment data | Yes | No |
| TipRanks | No | |
| Acuity Trading | No | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
FP Markets is the stronger choice for beginners who want clear, step-by-step learning in forex and CFDs. It runs client webinars at least once a month and offers at least ten beginner-focused videos on core trading topics, along with at least ten advanced videos. Libertex (Forex Club) does not host monthly educational webinars and does not meet the bar of ten beginner videos, though it does provide at least ten videos for advanced traders. If you’re new to forex and CFDs, FP Markets’ live webinars and beginner curriculum make it easier to get started, while Libertex tends to suit traders who already have some experience.
Independent ratings reflect this gap. For Education, FP Markets earns 4 out of 5 stars and ranks 23rd out of 63 brokers on ForexBrokers.com. Libertex (Forex Club) earns 3 out of 5 stars and ranks 58th out of 63. In short, FP Markets offers a more beginner-friendly learning path, whereas Libertex focuses more on content for seasoned traders.
| Feature |
FP Markets
|
Libertex (Forex Club)
|
|---|---|---|
| Webinars | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | Yes |
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
|
Libertex (Forex Club)
|
|---|---|---|
| Overall Rating |
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| Trust Score | 89 | 73 |
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FP Markets vs Libertex (Forex Club): neither online broker offers buying actual (delivered) cryptocurrencies, but both support trading cryptocurrency CFDs.
FP Markets offers PayPal, Skrill, and bank wire deposits/withdrawals but not ACH or SEPA, while Libertex (Forex Club) supports ACH/SEPA (other funding methods not specified).
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 | 2 | 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) | |||
| 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) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA, FSRA, or SCA Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| 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. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | No | No | |
| Copy Trading | Yes | Yes | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | 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 account | 1.2 | N/A | |
| All-in Cost EUR/USD - Active | 0.7 | N/A | |
| Inactivity Fee | No | No | |
| Order execution: Agency | No | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | FP Markets | Libertex (Forex Club) | |
|---|---|---|---|
| Minimum Deposit | $100 AUD | $10 | |
| PayPal (Deposit/Withdraw) | Yes | ||
| Skrill (Deposit/Withdraw) | Yes | ||
| Bank Wire (Deposit/Withdraw) | Yes | ||
| Non-wire bank transfer | No | Yes |
| Trading Platforms | FP Markets | Libertex (Forex Club) | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | Yes | No |
| Trading Tools | FP Markets | Libertex (Forex Club) | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 30 | 15 | |
| 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 Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | No | Yes | |
| Mobile Charting - Indicators / Studies | MetaTrader (Default) | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | No | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | FP Markets | Libertex (Forex Club) | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central | Yes | No | |
| TipRanks | No | ||
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | FP Markets | Libertex (Forex Club) | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | Yes |
| Major Forex Pairs | FP Markets | Libertex (Forex Club) | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| 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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