Written by ForexBrokers.com
In this head to head comparison of FXCM 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.
Founded in 1999, FXCM is an online broker known for its strong regulatory standing and trustworthiness in the financial trading industry. As a publicly traded company, FXCM is transparent with its operations and holds four Tier-1 regulatory licenses, which significantly contribute to its high Trust Score rating of 95 out of 99 by ForexBrokers.com. Additionally, FXCM possesses two Tier-2 licenses, strengthening its position as a highly secure platform for traders. Despite not being a bank, FXCM's compliance with stringent regulations offers its users assurance in their trading activities.
Established in 1997, Libertex, also known as Forex Club, offers a trusted trading experience but holds fewer regulatory credentials compared to FXCM. While not publicly traded, Libertex operates under one Tier-1 license, which corresponds with its Trust Score rating of 73, identifying it as having an average risk according to ForexBrokers.com. With no Tier-2 licenses, Libertex may provide less regulatory coverage than its counterpart, yet it remains a reliable choice for those seeking a solid, well-regulated online trading service.
| Feature |
FXCM
|
Libertex (Forex Club)
|
|---|---|---|
| Year Founded | 1999 | 1997 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 4 | 1 |
| Tier-2 Licenses | 2 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 0 |
Comparing commissions and fees, FXCM is slightly higher than the industry average for forex, but it publishes detailed pricing and offers multiple ways to lower costs if you trade more. Libertex (Forex Club) does not provide average spread data, which makes direct cost comparisons harder. Based on ForexBrokers.com evaluations, FXCM is rated 4 out of 5 stars and ranks #25 out of 63 brokers for Commissions and Fees, while Libertex is rated 3 out of 5 stars and ranks #63 out of 63.
FXCM’s EUR/USD spreads in May 2024 averaged 0.78 pips on its EU, U.K., and Australia offerings, and 1.38 pips at its St. Vincent and the Grenadines entity. On commission-based accounts, the average underlying spread was 0.28 pips (excluding commissions); after adding the commission-equivalent of about 0.50 pips per round turn, the effective spread is roughly 0.74 pips. As with most brokers, spreads can widen around rollover or during volatile market conditions.
For high-volume traders, FXCM’s Active Trader Rebate Program (not available in the U.K. or EU) offers rebates from $5 to $25 per million traded, starting at $10 million in monthly volume, with requirements varying by entity. Terms differ by region; for example, in the U.K. a $25,000 balance and at least $50 million in monthly volume can reduce commissions to $2.50 per side ($5 round turn), yielding an effective EUR/USD spread near 0.78 pips based on a 0.28-pip core price. Some competitors may be cheaper at very high volumes, while Libertex’s lack of average spread data means its day-to-day trading costs are less transparent by comparison (rating: 3/5 stars; rank: #63/63, versus FXCM’s 4/5 stars; #25/63).
| Feature |
FXCM
|
Libertex (Forex Club)
|
|---|---|---|
| Minimum Deposit | Starts from $50 | $10 |
| Average spread (EUR/USD) - Standard account | 0.9 | N/A |
| All-in Cost EUR/USD - Active | 0.8 | N/A |
| Non-wire bank transfer | Yes | Yes |
| PayPal (Deposit/Withdraw) | Yes | |
| Skrill (Deposit/Withdraw) | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes |
Dive deeper: Best Low Spread Forex Brokers.
FXCM and Libertex (Forex Club) both support forex trading and offer copy trading. FXCM lists more total tradeable symbols (440) than Libertex (300), which can appeal if you want choices beyond currency trading. That said, Libertex edges out FXCM in the number of forex pairs, with 51 versus FXCM’s 46.
Neither broker offers exchange-traded shares in the U.S. or abroad, and neither lets you buy actual cryptocurrency; both provide cryptocurrency CFDs instead. For Range of Investments, each earns 3.5 out of 5 stars. FXCM ranks #48 out of 63 brokers in this category, while Libertex (Forex Club) ranks #54. If you want a wider overall lineup, FXCM has the advantage; if you want a few more forex pairs, Libertex may suit you.
| Feature |
FXCM
|
Libertex (Forex Club)
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 440 | 300 |
| Forex Pairs (Total) | 46 | 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.
FXCM and Libertex (Forex Club) both check key boxes for platform choice and usability. Each broker provides a free demo account for paper trading, offers its own proprietary platform alongside MetaTrader 4 (MT4), and supports both a web-based platform and a Windows desktop download. Copy trading is available at both, and you can place trades directly from charts. Note that neither broker offers MetaTrader 5 (MT5).
Independent ratings tilt toward FXCM: for Trading Platforms and Tools, FXCM earns 5 stars and ranks #6 out of 63 brokers on ForexBrokers.com, while Libertex holds 4 stars and ranks #51. Both include technical indicators for charting and watchlist customization, though exact counts aren’t specified. If platform quality and tools matter most, FXCM is the stronger pick; if you want the essentials with similar core features, Libertex remains a solid alternative.
| Feature |
FXCM
|
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) | No | No |
| Charting - Indicators / Studies (Total) | 115 | 15 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
FXCM and Libertex (Forex Club) both offer mobile trading apps for iPhone and Android. Each app supports forex and stock price alerts, watchlist syncing with your online account, and the ability to draw trendlines on charts—handy for tracking market moves on the go.
Where they differ is depth and polish. FXCM’s app includes 59 technical studies versus 30 on Libertex, and it automatically saves your chart drawings, while Libertex does not. That gap shows up in third-party ratings: FXCM earns 4.5 stars and ranks #16 out of 63 brokers for Mobile Trading Apps on ForexBrokers.com, compared with Libertex’s 4 stars and #50 ranking. If you want more charting features and auto-saved annotations, FXCM has the edge; if you need the basics with alerts and syncing, Libertex can still fit the bill.
| Feature |
FXCM
|
Libertex (Forex Club)
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 59 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | No |
Dive deeper: Best Forex Trading Apps.
FXCM offers a stronger market research package than Libertex (Forex Club). FXCM provides daily market commentary, top-tier forex news, Trading Central analysis, a sentiment tool showing long/short positioning, TipRanks research, and an economic calendar. It does not include Autochartist or Acuity Trading tools. Libertex delivers top-tier forex news and an economic calendar, but it lacks daily market commentary, Trading Central tools, and a sentiment indicator; its access to TipRanks and Acuity Trading isn’t specified, and it does not include Autochartist.
Ratings back up the feature gap: FXCM scores 4.5/5 stars for Research and ranks #11 out of 63 brokers on ForexBrokers.com, while Libertex holds 3/5 stars and ranks #62. If you want daily insights, Trading Central analytics, sentiment data, and TipRanks, FXCM stands out. If your needs are limited to headlines and a calendar, both brokers cover those basics.
| Feature |
FXCM
|
Libertex (Forex Club)
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central | Yes | No |
| Client sentiment data | Yes | No |
| TipRanks | Yes | |
| Acuity Trading | No | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Comparing FXCM vs. Libertex (Forex Club) for beginner education, both brokers provide libraries with at least 10 pieces focused on forex and CFDs. That said, FXCM is the stronger choice for newcomers: it runs client webinars at least once a month, offers 10+ beginner-focused videos, and also covers advanced topics. FXCM’s education earns 4.5 stars and ranks #14 out of 63 brokers on ForexBrokers.com, signaling a well-structured path for beginners to start and progress.
Libertex delivers plenty of learning material too, including 10+ advanced trading videos, but it doesn’t host monthly educational webinars and falls short of 10 beginner-specific videos. For first-time traders, that makes the learning curve steeper. Libertex’s education is rated 3 stars and ranks #58 out of 63, so while experienced traders may still find useful content, beginners will likely get a smoother start with FXCM.
| Feature |
FXCM
|
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 FXCM is better than Libertex (Forex Club). FXCM finished with an overall rank of #15, while Libertex (Forex Club) finished with an overall rank of #61.
For traders who appreciate advanced trading tools and quality market research, FXCM is a winner, especially for algorithmic trading. Its range of tradeable markets is fairly narrow, however, and the pricing at FXCM is just average.
| Feature |
FXCM
|
Libertex (Forex Club)
|
|---|---|---|
| Overall Rating |
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| Trust Score | 95 | 73 |
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FXCM and Libertex (Forex Club) do not support buying actual delivered cryptocurrencies, but both brokers offer cryptocurrency CFDs for trading.
FXCM vs Libertex (Forex Club) deposit and withdrawal comparison: FXCM supports ACH/SEPA transfers, PayPal, Skrill, and bank wires, while Libertex confirms ACH/SEPA but does not specify whether PayPal, Skrill, Visa/Mastercard, or bank wires are available.
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 | FXCM | Libertex (Forex Club) | |
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| Trust Score | 95 | 73 | |
| Winner | check_circle | ||
| Review | FXCM Review |
| Broker Screenshots | FXCM | Libertex (Forex Club) | |
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| Broker Gallery (click to expand) |
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| Regulation | FXCM | Libertex (Forex Club) | |
|---|---|---|---|
| Trust Score | 95 | 73 | |
| Year Founded | 1999 | 1997 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 4 | 1 | |
| Tier-2 Licenses | 2 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 0 |
| Tier-1 Licenses (Highly Trusted) | FXCM | Libertex (Forex Club) | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | Yes | 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) | 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) | FXCM | Libertex (Forex Club) | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | Yes | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA, FSRA, or SCA Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | FXCM | Libertex (Forex Club) | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 440 | 300 | |
| Forex Pairs (Total) | 46 | 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 | FXCM | Libertex (Forex Club) | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 0.9 | N/A | |
| All-in Cost EUR/USD - Active | 0.8 | N/A | |
| Inactivity Fee | Yes | No | |
| Order execution: Agency | Yes | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | FXCM | Libertex (Forex Club) | |
|---|---|---|---|
| Minimum Deposit | Starts from $50 | $10 | |
| PayPal (Deposit/Withdraw) | Yes | ||
| Skrill (Deposit/Withdraw) | Yes | ||
| Bank Wire (Deposit/Withdraw) | Yes | ||
| Non-wire bank transfer | Yes | Yes |
| Trading Platforms | FXCM | 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) | No | No | |
| cTrader | No | No |
| Trading Tools | FXCM | Libertex (Forex Club) | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 115 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FXCM | Libertex (Forex Club) | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | Yes | Yes | |
| Mobile Charting - Indicators / Studies | 59 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | No | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | FXCM | Libertex (Forex Club) | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central | Yes | No | |
| TipRanks | Yes | ||
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | FXCM | Libertex (Forex Club) | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | Yes |
| Major Forex Pairs | FXCM | 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 | FXCM Review |
| Overall | FXCM | Libertex (Forex Club) | |
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| Trust Score | 95 | 73 | |
| Winner | check_circle | ||
| Review | FXCM Review |
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