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GKFX vs Libertex (Forex Club) 2023

ForexBrokers.com

Written by ForexBrokers.com

December 27, 2022

Is GKFX better than Libertex (Forex Club)? In our analysis of 23 international regulators across 62 of the best forex brokers, GKFX is considered high-risk, with an overall Trust Score of 66 out of 99. Libertex (Forex Club) is considered high-risk, with an overall Trust Score of 72 out of 99. Learn more about Trust Score.

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Overall RatingGKFXLibertex (Forex Club)
Overall Rating 4/5 Stars 3.5/5 Stars
Commissions & Fees 4/5 Stars 3/5 Stars
Offering of Investments 3.5/5 Stars 3.5/5 Stars
Platform & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 4/5 Stars 3/5 Stars
Education 3.5/5 Stars 3/5 Stars
Trust Score 66 72
Winner check_circle
Review
RegulationGKFXLibertex (Forex Club)
Trust Score 66 72
Year Founded 2013 1997
Publicly Traded (Listed) No No
Bank No No
Authorised in European Union Yes info Yes info
Tier-1 Licenses 0 1
Tier-2 Licenses 1 1
Tier-3 Licenses 0 0
Tier-1 Licenses (High Trust)GKFXLibertex (Forex Club)
ASIC Authorised (Australia) No No
IIROC Authorised (Canada) No No
SFC Authorised (Hong Kong) No No
CBI Authorised (Ireland) No No
FSA Authorised (Japan) No No
MAS Authorised (Singapore) No No
FINMA Authorised (Switzerland) No No
FCA Authorised (U.K.) No No
CFTC Registered (USA) No No
FMA Authorised (New Zealand) No No
Tier-2 Licenses (Average Trust)GKFXLibertex (Forex Club)
CBRC Authorised (China) No No
CySEC Authorised (Cyprus) No Yes
SEBI Authorised (India) No No
ISA Authorised (Israel) No No
CBR Authorised (Russia) No No
FSCA Authorised (South Africa) No No
SEC Authorised (Thailand) No No
DFSA / Central Bank Authorised (UAE) No No
Tier-3 Licenses (Low Trust)GKFXLibertex (Forex Club)
SCB Authorised (Bahamas) No No
IFSC Authorised (Belize) No No
CIMA Authorised (Cayman Islands) No No
BMA Authorised (Bermuda) No No
FSC Authorised (British Virgin Islands) No No
FSC Authorised (Mauritius) No No
VFSC Authorised (Vanuatu) No No
InvestmentsGKFXLibertex (Forex Club)
Forex Trading (Spot or CFDs) Yes Yes
Tradeable Symbols (Total) 354 300
Forex Pairs (Total) 47 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 (CFD) 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).
CostGKFXLibertex (Forex Club)
Average Spread EUR/USD - Standard N/A info N/A info
All-in Cost EUR/USD - Active N/A info N/A info
Active Trader or VIP Discounts No Yes
Execution: Agency Broker No No
Execution: Market Maker Yes Yes
FundingGKFXLibertex (Forex Club)
Minimum Deposit $0 $10
PayPal (Deposit/Withdraw) No Yes
Skrill (Deposit/Withdraw) No Yes
Visa/Mastercard (Credit/Debit) Yes No
Bank Wire (Deposit/Withdraw) Yes Yes
Trading PlatformsGKFXLibertex (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 ToolsGKFXLibertex (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) 15 30
Charting - Trade From Chart Yes Yes
Charts can be saved Yes Yes
Mobile TradingGKFXLibertex (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
Forex Calendar Yes Yes
ResearchGKFXLibertex (Forex Club)
Daily Market Commentary Yes No
Forex News (Top-Tier Sources) No Yes
Autochartist Yes No
Trading Central (Recognia) Yes No
Social Sentiment - Currency Pairs No No
Economic Calendar Yes Yes
EducationGKFXLibertex (Forex Club)
Has Education - Forex or CFDs Yes Yes
Client Webinars No No
Client Webinars (Archived) Yes No
Videos - Beginner Trading Videos Yes No
Videos - Advanced Trading Videos No Yes
Investor Dictionary (Glossary) Yes No
Major Forex PairsGKFXLibertex (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
OverallGKFXLibertex (Forex Club)
Overall Rating 4/5 Stars 3.5/5 Stars
Commissions & Fees 4/5 Stars 3/5 Stars
Offering of Investments 3.5/5 Stars 3.5/5 Stars
Platform & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 4/5 Stars 3/5 Stars
Education 3.5/5 Stars 3/5 Stars
Trust Score 66 72
Winner check_circle
Review
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GKFX vs Libertex (Forex Club) Comparison

Comparing forex brokers side by side is no easy task. For our 2023 annual forex broker review, we spent hundreds of hours assessing 62 forex and CFD brokerages to find the best forex broker. Let's compare GKFX vs Libertex (Forex Club).

Does GKFX or Libertex (Forex Club) offer lower pricing?

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, GKFX offers better pricing overall for traders.

Is GKFX or Libertex (Forex Club) safer for forex and CFDs trading?

At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. Libertex (Forex Club) holds 1 global Tier-1 licenses, while GKFX holds 0. Both GKFX and Libertex (Forex Club) hold 1 global Tier-2 licenses. In our analysis of 23 international regulators across 50 brokers, Libertex (Forex Club) earned a higher Trust Score than GKFX.

Which trading platform is better: GKFX or Libertex (Forex Club)?

To compare the trading platforms of both GKFX and Libertex (Forex Club), we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, Libertex (Forex Club) offers a better experience. With research, GKFX offers superior market research. Finally, we found Libertex (Forex Club) to provide better mobile trading apps.

What about MetaTrader and copy trading?

For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Both GKFX and Libertex (Forex Club) offer MetaTrader 4 (MT4).GKFX and Libertex (Forex Club) both offer copy trading.

How many forex pairs and CFDs are available to trade?

Libertex (Forex Club) provides traders 51 currency pairs (e.g., EUR/USD) compared to GKFX's 47 available pairs. Forex pairs aside, GKFX offers traders access to 354 CFDs while Libertex (Forex Club) has 300 available CFDs, a difference of 54.

Can I trust GKFX?

GKFX is not publicly traded, does not operate a bank, and is authorised by zero tier-1 regulators (high trust), one tier-2 regulator (average trust), and zero tier-3 regulators (low trust).

Can I trust Libertex (Forex Club)?

Libertex (Forex Club) is not publicly traded and does not operate a bank. Libertex (Forex Club) is authorised by zero tier-1 regulators (high trust), one tier-2 regulator (average trust), and zero tier-3 regulators (low trust). Libertex (Forex Club) is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC).

Is GKFX good?

GKFX is a MetaTrader-only broker that is only licensed in the EU, via its MFSA-regulated Malta entity, which is why it's Trust Score is lower than other brokers that hold multiple licenses in top-tier regulatory hubs. Otherwise, GKFX does offer competitive pricing on its Prime Plus account, if you can afford the $15,000 deposit.

Is Libertex (Forex Club) good?

Forex Club is a long-standing MetaTrader broker offering forex and CFDs, along it's more recently launched Libertex brand catering to the EU market with a proprietary web platform. The biggest issue with Libertex (Forex Club) is the few regulatory licenses it holds, which bring down its Trust Score, compared to the most trusted brokers.

Overall winner: GKFX

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