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 |
When comparing FXCM and Libertex (Forex Club) in terms of commissions and fees, it's clear that FXCM offers more advantages for forex traders but at slightly higher costs compared to industry norms. FXCM's standard account spreads averaged 0.78 pips on the EUR/USD for its EU, U.K., and Australia offerings in May 2024, and 1.38 pips for its St. Vincent and the Grenadines option. Meanwhile, FXCM's commission-based accounts had a more competitive average spread of 0.28 pips, excluding commissions. However, the effective spread rises to around 0.74 pips when accounting for the commission costs. For active traders, FXCM provides a rebate program that discounts trading costs based on volume, although similar programs by brokers like Tickmill and FP Markets are more competitive.
FXCM's Active Trader Rebate Program offers tiered rebates from $5 to $25 per million traded for volumes starting at $10 million monthly. The requirements for accessing these rebates vary, especially between different regional entities of FXCM. In the U.K., for instance, having a $25,000 account balance and trading at least $50 million monthly can reduce the commission cost significantly, lowering the effective spread. Such discounts cater well to high-volume traders, making FXCM a favorable choice compared to Libertex (Forex Club), which does not provide average spread data and lacks detailed fee insights.
In terms of ratings, FXCM earns a commendable 4 out of 5 stars for its commissions and fees, ranking it at #25 out of 63 brokers as rated by ForexBrokers.com. Conversely, Libertex (Forex Club) receives a lower rating of 3 out of 5 stars, placing it further down the list at #62. This disparity highlights FXCM's relative strength in providing competitive pricing structures for traders who can meet certain volume thresholds, particularly in combination with its proactive rebate programs.
| Feature |
FXCM
|
Libertex (Forex Club)
|
|---|---|---|
| Minimum Deposit | Starts from $50 | $10 |
| Average Spread EUR/USD - Standard | 0.78 | N/A |
| All-in Cost EUR/USD - Active | 0.78 | N/A |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | Yes | 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.
FXCM and Libertex (Forex Club) are both online brokers offering a range of investment opportunities, particularly in forex trading through CFDs or spot contracts. FXCM provides access to 440 tradeable symbols, including 46 forex pairs, while Libertex offers 300 tradeable symbols with a slightly higher number of forex pairs at 51. Despite these differences, neither broker provides exchange-traded securities, be it on U.S. or international exchanges. Furthermore, both platforms support copy trading and allow trading in cryptocurrency derivatives, though not in actual cryptocurrencies.
Both FXCM and Libertex receive equal ratings of 3.5 stars for their range of investments, indicating a moderate level of satisfaction among traders. In terms of ranking, FXCM is placed at #47, slightly ahead of Libertex, which is ranked #53 out of 63 brokers in the Range of Investments category according to ForexBrokers.com. This comparison underscores that while both platforms provide viable options for forex and derivative trading, they lack access to traditional stocks and actual cryptocurrencies, which might influence investor choice based on specific trading preferences.
| Feature |
FXCM
|
Libertex (Forex Club)
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 440 | 300 |
| Forex Pairs (Total) | 46 | 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.
When comparing the trading platforms and tools of FXCM and Libertex (Forex Club), both brokers offer strong options for traders seeking flexibility and variety. Each provides a virtual demo account for those wanting to practice trading risk-free. Both brokers have developed proprietary platforms and support Windows-based desktop and web-based platforms, making it easy for traders to access their accounts from different devices. With MetaTrader 4 available on both platforms, traders can utilize a well-known interface; however, MetaTrader 5 is not supported by either broker. A key distinction is FXCM's offering of ZuluTrade for copy trading, while Libertex omits this feature. Additionally, FXCM features 10 drawing tools for charting, in contrast to Libertex's more expansive 30 drawing tools.
FXCM and Libertex allow trading directly from stock charts, which is a convenient feature for many traders. However, when it comes to watch list columns, FXCM outpaces Libertex, offering 13 compared to Libertex's 7. These factors contribute to FXCM's higher rating for trading platforms and tools, receiving a 5-star rating and ranking #6 out of 63 brokers by ForexBrokers.com. Meanwhile, Libertex secures a 4-star rating and is positioned at #50. Overall, while both brokers have solid offerings, FXCM's higher rankings and additional features suggest a stronger platform for traders focused on these specific aspects of trading.
| Feature |
FXCM
|
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) | No | No |
| DupliTrade | No | No |
| ZuluTrade | Yes | No |
| Charting - Indicators / Studies (Total) | 115 | 15 |
| Charting - Drawing Tools (Total) | 10 | 30 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 13 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to trading on the go, both FXCM and Libertex (Forex Club) provide comprehensive mobile apps available for iPhone and Android users. Both platforms allow users to receive price alerts for forex and stock, sync watchlist symbols between mobile and online accounts, and create watchlists with real-time quotes. However, FXCM stands out by offering a more extensive selection of 59 technical studies for charting, compared to Libertex's 30. Both apps allow users to draw trendlines and view multiple time frames on charts, but FXCM also has the added benefit of auto-saving these drawings, which Libertex does not offer.
FXCM's mobile app is highly rated, earning 4.5 stars, while Libertex trails slightly with a 4-star rating. In terms of industry ranking by ForexBrokers.com among 63 brokers, FXCM is placed at a respectable #16, whereas Libertex is ranked lower at #49. For traders seeking a feature-rich mobile trading experience with extensive charting capabilities, FXCM offers an edge over Libertex. Both apps deliver essential functionalities, but FXCM’s higher-ranking and feature set make it a more appealing choice for those who prioritize comprehensive trading tools in a mobile app.
| Feature |
FXCM
|
Libertex (Forex Club)
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 59 | 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 comparing the market research offerings of FXCM and Libertex, FXCM stands out with its daily market commentary, which provides traders with timely insights and updates. FXCM also delivers forex news from top-tier sources like Bloomberg and Reuters, shared by both brokers, ensuring access to reliable information. Unlike Libertex, FXCM incorporates Trading Central's technical analysis tools, enhancing its portfolio of resources. FXCM further exceeds expectations with a sentiment-based trading tool and market research from TipRanks, giving traders an edge by analyzing broader market behavior and analyst forecasts. Both brokers provide an economic calendar to keep clients informed of global events, but FXCM's comprehensive tools and content give it an advantage.
Rated at 4.5 stars for research, FXCM's robust offering positions it at #11 out of 63 brokers, as per ForexBrokers.com. Its extensive resources appeal to traders looking for detailed analysis and diverse tools. On the other hand, Libertex, while offering reliable news and an economic calendar, falls short with a three-star rating and ranks #61 in the research category. Traders in search of in-depth market insights and innovative trading tools might find FXCM better suited to their needs.
| Feature |
FXCM
|
Libertex (Forex Club)
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | Yes | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When considering educational resources for beginners interested in forex or CFDs, FXCM stands out compared to Libertex (Forex Club). Both brokers meet the basic requirement by offering over 10 educational materials like articles and videos focused on forex and CFDs. However, FXCM offers more comprehensive resources tailored to different experience levels. FXCM provides online educational webinars each month and maintains a searchable archive of these recorded sessions. In contrast, Libertex does not offer regular webinars, nor does it archive them, limiting opportunities for live learning and re-watching past sessions.
FXCM delivers a robust library of beginner videos covering essential trading principles, while Libertex falls short in this area, only catering adequately to advanced traders with its advanced video offerings. Furthermore, FXCM enhances learning by providing an investor dictionary with over 50 investing terms, a feature not available with Libertex. Additionally, FXCM earns a higher rating for education with 4.5 stars and ranks 14th out of 63 brokers in the education category on ForexBrokers.com. On the other hand, Libertex achieves a modest 3-star rating and ranks 57th, indicating a notable difference in the scope and quality of their educational offerings.
| Feature |
FXCM
|
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 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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Both FXCM and Libertex (Forex Club) do not provide the option to purchase actual (delivered) cryptocurrencies, but they both offer the ability to buy cryptocurrency derivatives instead.
Both FXCM and Libertex (Forex Club) facilitate deposits and withdrawals via ACH or SEPA transfers, PayPal, Skrill, and bank wires, but only FXCM supports transactions using Visa or Mastercard, providing broader payment method flexibility compared to Libertex.
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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| 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) | No | No | |
| 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) | No | No | |
| Israel (ISA Authorised) | Yes | 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 | FXCM | Libertex (Forex Club) | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 440 | 300 | |
| Forex Pairs (Total) | 46 | 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 | FXCM | Libertex (Forex Club) | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.78 | N/A | |
| All-in Cost EUR/USD - Active | 0.78 | N/A | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | FXCM | Libertex (Forex Club) | |
|---|---|---|---|
| Minimum Deposit | Starts from $50 | $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 | Yes | Yes |
| Trading Platforms | FXCM | 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) | No | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | Yes | No |
| Trading Tools | FXCM | Libertex (Forex Club) | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 13 | 7 | |
| Charting - Indicators / Studies (Total) | 115 | 15 | |
| Charting - Drawing Tools (Total) | 10 | 30 | |
| 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 Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | Yes | |
| Mobile Charting - Indicators / Studies | 59 | 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 | FXCM | Libertex (Forex Club) | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | Yes | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | FXCM | 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 | FXCM | 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 | 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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