Written by ForexBrokers.com
In this head to head comparison of FXGT.com 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 2019, FXGT.com offers a relatively new entrance to the world of online brokerage compared to Libertex (Forex Club), which was established in 1997. Both brokers are privately held and do not trade publicly on any stock exchange. They also share a non-banking status, focusing solely on providing brokerage services rather than expanding into banking operations. In terms of regulatory strength, FXGT.com and Libertex each hold one Tier-1 license, indicating a high level of trust according to industry standards. However, FXGT.com has an additional Tier-2 license, while Libertex holds none.
When evaluating their trustworthiness based on ForexBrokers.com ratings, FXGT.com holds a Trust Score of 69, which places it in the high-risk category. In contrast, Libertex (Forex Club) achieves a slightly better score of 73, categorizing it under average risk. This rating difference reflects a minor disparity in perceived safety, possibly providing a more reliable option for those looking for long-established brokerage services.
| Feature |
FXGT.com
|
Libertex (Forex Club)
|
|---|---|---|
| Year Founded | 2019 | 1997 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 0 |
When considering online brokers, FXGT.com and Libertex (Forex Club) offer distinct experiences in terms of commissions and fees. FXGT.com has received a rating of 3.5 stars out of five in this category. Out of 63 brokers, it holds a rank of 56th according to ForexBrokers.com. While specific average spread data isn't available, these figures suggest FXGT.com offers a relatively competitive fee structure.
In contrast, Libertex (Forex Club) is rated slightly lower with a 3-star rating for commissions and fees. It ranks 62nd out of 63 brokers in this category, indicating a less favorable position when compared to its peers. Similar to FXGT.com, detailed average spread data for Libertex isn't provided. However, their lower ranking could imply higher costs or less advantageous fee structures for traders.
For potential investors and traders, understanding these ratings and rankings can provide valuable insight into the cost-effectiveness of each broker. While FXGT.com might offer marginally better terms, both platforms have their respective strengths and weaknesses in terms of fees, which should be considered in conjunction with their other features when making a choice.
| Feature |
FXGT.com
|
Libertex (Forex Club)
|
|---|---|---|
| Minimum Deposit | $5 | $10 |
| Average Spread EUR/USD - Standard | N/A | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | No | Yes |
| ACH or SEPA Transfers | Yes | Yes |
| PayPal (Deposit/Withdraw) | No | Yes |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | No |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing FXGT.com and Libertex (Forex Club), both brokers provide a platform for CFDs and spot contract forex trading. However, FXGT.com offers 117 tradeable symbols including 53 forex pairs, while Libertex edges ahead with a broader selection of 300 symbols and 51 forex pairs. Neither broker provides access to exchange-traded securities, such as shares on U.S. or international exchanges, instead focusing on CFD offerings and cryptocurrency derivatives, with no option for purchasing actual cryptocurrencies.
In addition to their assortment of flexible trading options, both FXGT.com and Libertex accommodate copy trading, allowing users to mirror successful strategies. Despite FXGT.com's comprehensive offering of symbols, Libertex offers a more extensive range, reflected in its slightly higher rating of 3.5 stars for the range of investments compared to FXGT.com's 3-star rating. According to ForexBrokers.com, FXGT.com ranks #61 while Libertex holds a better position at #53 out of 63 brokers for their investment range.
| Feature |
FXGT.com
|
Libertex (Forex Club)
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 117 | 300 |
| Forex Pairs (Total) | 53 | 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.
FXGT.com and Libertex (Forex Club) both offer virtual demo accounts, which are invaluable for individuals looking to practice trading without risking real money. While neither broker provides the DupliTrade or ZuluTrade platforms, FXGT.com supports both MetaTrader 4 (MT4) and MetaTrader 5 (MT5), giving traders a choice between widely adopted trading platforms. Conversely, Libertex excels with its in-house proprietary platform, though it only supports MT4, not MT5. Both brokers provide desktop download options for Windows users as well as web-based platforms, making it convenient to trade from different devices.
In the realm of trading tools, both FXGT.com and Libertex offer the ability to trade directly from stock charts and support copy trading. However, there are differences in charting tools: FXGT.com offers 23 drawing tools, while Libertex leads with 30. Moreover, Libertex provides more customization options for watch lists with seven fields to FXGT's five. Both brokers receive a commendable rating of four stars for their trading platforms and tools from ForexBrokers.com, yet Libertex is ranked slightly higher at #50 out of 63 brokers compared to FXGT’s #56.
| Feature |
FXGT.com
|
Libertex (Forex Club)
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| 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) | Yes | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 37 | 15 |
| Charting - Drawing Tools (Total) | 23 | 30 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 5 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading apps, both FXGT.com and Libertex (Forex Club) offer solid options for iPhone and Android users. Both platforms provide stock and forex price alerts, sync your watchlists between devices, and allow you to draw trendlines on charts. They each offer 30 technical studies for detailed charting and support viewing multiple time frames, whether daily, weekly, or intraday. However, one advantage FXGT.com holds is its ability to auto-save chart drawings, a feature that Libertex lacks. Real-time watchlist creation is available in both apps, keeping you updated with the latest market movements.
In user ratings, Libertex edges ahead with a 4-star rating compared to FXGT.com's 3.5 stars, reflecting a slightly better user experience for mobile trading. Libertex also ranks higher in the Mobile Trading Apps category by ForexBrokers.com, coming in at #49 out of 63 brokers, while FXGT.com is positioned at #58. These rankings indicate that although both apps are capable trading tools, Libertex is slightly favored among traders for its overall mobile experience.
| Feature |
FXGT.com
|
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 | 30 | 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 offerings, FXGT.com and Libertex (Forex Club) present varied features for traders to consider. While neither broker provides daily market commentary, they differ in access to top-tier forex news: FXGT.com does not offer it, whereas Libertex delivers news from renowned sources like Bloomberg and Reuters. Both brokers lack technical and fundamental tools from companies such as Autochartist and Trading Central. FXGT.com distinguishes itself with a sentiment-based trading tool that shows the balance of long and short positions across currency pairs, a feature not available with Libertex. However, neither platform benefits from research tools offered by TipRanks or Acuity Trading, and they both provide an economic calendar for tracking global news events.
Both FXGT.com and Libertex are rated with three out of five stars for their research capabilities, reflecting a moderate level of satisfaction among users. In the competitive landscape of 63 brokers assessed by ForexBrokers.com, FXGT.com holds the 56th position whereas Libertex is slightly lower at 61st. These rankings suggest that while both brokers offer basic research features, they may not cater to traders seeking comprehensive analytical tools. Potential users should weigh these factors, assessing which features align most closely with their trading strategies and information needs.
| Feature |
FXGT.com
|
Libertex (Forex Club)
|
|---|---|---|
| Daily Market Commentary | No | No |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | No | 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 resources provided to beginners by FXGT.com and Libertex (Forex Club), there are notable differences and similarities that can guide new traders. FXGT.com offers an investor dictionary with definitions of over 50 investing terms, making it a useful tool for those looking to understand trading jargon. However, it falls short in other educational areas, providing fewer than 10 educational pieces focused on forex or CFDs and lacking webinars or a video series designed for beginners or advanced traders. Despite these limitations, both FXGT.com and Libertex are rated equally at 3 out of 5 stars for education, suggesting that while they have certain strengths, they might not cover all aspects thoroughly for learning traders.
On the other hand, Libertex (Forex Club) stands out with a collection of educational materials, featuring over 10 pieces primarily about forex or CFDs, which could be particularly beneficial for those new to the market. Unlike FXGT.com, it also offers at least 10 advanced educational videos catering to more experienced traders. However, the lack of beginner-focused videos and webinars might leave some novices wanting more. Interestingly, despite offering more comprehensive resources in some aspects, Libertex shares the same education rating as FXGT.com and is ranked slightly higher, showcasing room for improvement in beginner support. Overall, both platforms have distinct offerings, and choosing between them may depend on whether a trader values an extensive dictionary or a broader range of educational articles and advanced content.
| Feature |
FXGT.com
|
Libertex (Forex Club)
|
|---|---|---|
| Education (Forex or CFDs) | No | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | No | No |
| Videos - Advanced Trading Videos | No | 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 FXGT.com is better than Libertex (Forex Club). FXGT.com finished with an overall rank of #59, while Libertex (Forex Club) finished with an overall rank of #61.
FXGT.com is a plain vanilla MetaTrader-only broker offering a narrow range of markets alongside a decent number of crypto CFDs and platform plugins. This broker lacks robust market research and educational resources beyond a few ebooks and some basic sentiment data. FXGT.com’s small number of regulatory licenses brings down its overall Trust Score. It’s also worth noting that, though FXGT.com is regulated in the EU, retail clients are not accepted in that region.
| Feature |
FXGT.com
|
Libertex (Forex Club)
|
|---|---|---|
| Overall Rating |
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| Trust Score | 69 | 73 |
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Both FXGT.com and Libertex (Forex Club) do not provide the option to purchase actual, delivered cryptocurrencies, but they do offer the ability to trade cryptocurrency derivatives.
When comparing the online brokers FXGT.com and Libertex (Forex Club), both offer ACH and SEPA transfers as well as bank wires for deposits and withdrawals, however, FXGT.com supports Visa and Mastercard while Libertex includes PayPal and Skrill in their payment options.
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 | FXGT.com | Libertex (Forex Club) | |
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| Trust Score | 69 | 73 | |
| Winner | check_circle | ||
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| Broker Screenshots | FXGT.com | Libertex (Forex Club) | |
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| Regulation | FXGT.com | Libertex (Forex Club) | |
|---|---|---|---|
| Trust Score | 69 | 73 | |
| Year Founded | 2019 | 1997 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 1 | 1 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 0 |
| Tier-1 Licenses (Highly Trusted) | FXGT.com | Libertex (Forex Club) | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | 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) | FXGT.com | 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 | FXGT.com | Libertex (Forex Club) | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 117 | 300 | |
| Forex Pairs (Total) | 53 | 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 | FXGT.com | Libertex (Forex Club) | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | FXGT.com | Libertex (Forex Club) | |
|---|---|---|---|
| Minimum Deposit | $5 | $10 | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | No | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | Yes |
| Trading Platforms | FXGT.com | Libertex (Forex Club) | |
|---|---|---|---|
| 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) | Yes | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | FXGT.com | Libertex (Forex Club) | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 5 | 7 | |
| Charting - Indicators / Studies (Total) | 37 | 15 | |
| Charting - Drawing Tools (Total) | 23 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FXGT.com | 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 | 30 | 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 | FXGT.com | Libertex (Forex Club) | |
|---|---|---|---|
| Daily Market Commentary | No | No | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | FXGT.com | Libertex (Forex Club) | |
|---|---|---|---|
| Education (Forex or CFDs) | No | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | No | No | |
| Videos - Advanced Trading Videos | No | Yes | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | FXGT.com | 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 |
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| Trust Score | 69 | 73 | |
| Winner | check_circle | ||
| Review |
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