Written by ForexBrokers.com
In this head to head comparison of HFM 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 2010, HFM is a private non-bank broker with a ForexBrokers.com Trust Score of 86, indicating a strong level of trust. HFM holds two Tier-1 licenses and three Tier-2 licenses, placing it in a trusted category among online brokers. Although not publicly traded, HFM is regarded as a reliable choice for traders due to its strong regulatory backing.
In contrast, Libertex (Forex Club), established in 1997, also operates as a private non-bank broker but has a ForexBrokers.com Trust Score of 73, categorizing it as average risk. While it holds one Tier-1 license, Libertex does not have any Tier-2 licenses. This regulatory profile suggests that while it has some credibility, it does not match HFM in terms of regulatory strength and trustworthiness.
| Feature |
HFM
|
Libertex (Forex Club)
|
|---|---|---|
| Year Founded | 2010 | 1997 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 3 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 0 |
When comparing the online brokers HFM and Libertex (Forex Club) based on their commissions and fees, HFM tends to have trading costs that are slightly above the industry average. For standard trading accounts, HFM quotes a typical spread of 1.2 pips, although there is no specific date range provided, indicating that the average spread might vary. HFM's Zero account offers a more competitive effective spread of 0.7 pips after accounting for commission, but again, this is not an averaged figure. Rated 4 out of 5 stars for commissions and fees, HFM holds the 31st spot out of 63 brokers in this category according to ForexBrokers.com.
In contrast, Libertex (Forex Club) does not provide data on average spreads, making it harder to establish a clear picture of its typical trading costs. For its commissions and fees, Libertex is rated 3 out of 5 stars, indicating a higher cost relative to the competition. In terms of ranking, it is positioned at #62 out of 63 brokers on ForexBrokers.com, suggesting room for improvement in this area.
Overall, HFM stands out with better transparency in its fee structures, albeit with costs above the industry norm, while Libertex (Forex Club) lacks average spread data and is ranked lower in terms of commissions and fees. Understanding these differences can help potential traders choose the option that best fits their trading needs and cost expectations.
| Feature |
HFM
|
Libertex (Forex Club)
|
|---|---|---|
| Minimum Deposit | $0 | $10 |
| Average Spread EUR/USD - Standard | 1.2 | N/A |
| All-in Cost EUR/USD - Active | 0.7 | N/A |
| Active Trader or VIP Discounts | No | Yes |
| ACH or SEPA Transfers | No | Yes |
| PayPal (Deposit/Withdraw) | No | 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.
When comparing HFM to Libertex (Forex Club) in terms of available investments, both platforms offer forex trading as CFDs or spot contracts. HFM stands out with a broader array of 500 tradable symbols and 102 forex pairs, while Libertex offers 300 tradable symbols and 51 forex pairs. Neither broker provides access to exchange-traded securities on U.S. or international exchanges, so investors looking to buy shares like Apple or Vodafone will need to look elsewhere. Both platforms support copy trading, providing opportunities for users to mirror the strategies of seasoned traders, and also offer cryptocurrency derivatives as investment options, though neither supports the purchase of actual cryptocurrencies.
Regarding their ratings and rankings, HFM is rated at 4 stars for its range of investments, placing it at #36 out of 63 brokers according to ForexBrokers.com. In comparison, Libertex (Forex Club) holds a 3.5-star rating and ranks #53 in the same category. Overall, HFM offers a slightly more diverse range of investment options, making it a potentially more appealing choice for those seeking a wider market selection.
| Feature |
HFM
|
Libertex (Forex Club)
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 500 | 300 |
| Forex Pairs (Total) | 102 | 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.
Both HFM and Libertex (Forex Club) offer robust trading platforms that cater to various trader needs. They each provide virtual demo accounts for simulated trading, allowing users to refine their strategies without financial risk. Both brokers have developed proprietary platforms in-house and offer Windows-based desktop downloads and web-based trading platforms for easy access. Additionally, they support MetaTrader 4 for users who prefer this popular platform, while HFM extends its offering with MetaTrader 5, providing more versatility for advanced traders.
For traders interested in social trading, both HFM and Libertex facilitate copy trading, though neither supports DupliTrade or ZuluTrade. Charting capabilities are similar, with both brokers offering 30 drawing tools. Trades can be executed directly from stock charts, enhancing user convenience. Both platforms also allow for customized watch lists with up to seven fields. In terms of ratings, HFM and Libertex are both rated four stars for trading platforms and tools. However, HFM ranks higher at #42 compared to Libertex's #50 among 63 brokers on ForexBrokers.com, indicating a slight edge in overall platform offerings.
| Feature |
HFM
|
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) | Yes | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 15 | 15 |
| Charting - Drawing Tools (Total) | 30 | 30 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both online brokers, HFM and Libertex (Forex Club), offer dedicated mobile trading apps available for iPhone and Android users. These apps provide essential features such as stock and forex price alerts, 30 technical studies for charting, and the ability to draw trendlines and view multiple time frames. However, they differ in some functionalities. Libertex (Forex Club) allows users to sync their watchlists across both mobile and online platforms, whereas HFM does not offer this feature. On the other hand, HFM's app auto-saves chart drawings, a feature missing in Libertex (Forex Club).
Both brokers enable users to create watchlists with real-time quotes, ensuring traders can monitor market changes efficiently. Despite having similar offerings in terms of charting and real-time monitoring, HFM edges ahead in the ranking by ForexBrokers.com, holding the 39th position out of 63 brokers, while Libertex (Forex Club) is ranked 49th. Both mobile apps have been rated 4 stars, reflecting their overall competent performance in mobile trading experiences for users.
| Feature |
HFM
|
Libertex (Forex Club)
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | 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 comparing market research offerings between HFM and Libertex (Forex Club), several key differences stand out. HFM provides daily market commentary and offers forex news from reputable sources like Bloomberg and Reuters, as does Libertex. However, HFM enhances its analytical capabilities with tools from Autochartist and includes a sentiment-based trading tool that displays the ratio of long to short positions across various instruments. While neither broker provides tools from Trading Central or Acuity Trading, HFM's inclusion of these additional features makes it a more comprehensive choice for traders looking for in-depth research options. Additionally, both brokers offer an economic calendar that keeps traders informed about upcoming global events.
In terms of research ratings, HFM edges out with a 4-star rating compared to Libertex's 3 stars. According to ForexBrokers.com, HFM holds the #20 spot out of 63 brokers for its research offerings, while Libertex ranks significantly lower at #61. These ratings reflect HFM's broader suite of tools and consistent daily commentary, providing traders with a more enriched and insightful market research experience compared to those relying solely on Libertex's offerings.
| Feature |
HFM
|
Libertex (Forex Club)
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | 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 it comes to educational resources for beginners, HFM takes a clear lead over Libertex (Forex Club). Both brokers provide a range of educational materials such as articles and videos focused on forex and CFDs, offering over 10 pieces to aid in learning. However, HFM goes a step further by offering online webinars at least once a month and maintaining a searchable archive of these sessions, which is not available with Libertex. For those starting their trading journey, HFM provides at least 10 beginner educational videos specifically designed to simplify trading concepts, while Libertex falls short in this area.
In addition to catering to newcomers, both platforms offer over 10 advanced videos for experienced traders. Yet, HFM enhances its educational offerings with a comprehensive investor dictionary, detailing over 50 investing terms—a feature absent in Libertex’s resources. This commitment to education is reflected in HFM's 4-star rating and a higher placement of #37 in the education category by ForexBrokers.com, compared to Libertex’s 3-star rating and #57 ranking. Overall, HFM emerges as a more favorable choice for beginners aiming to build a strong foundation in trading education.
| Feature |
HFM
|
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 HFM is better than Libertex (Forex Club). HFM finished with an overall rank of #30, while Libertex (Forex Club) finished with an overall rank of #61.
Alongside its enhanced MetaTrader offering and quality research, HFM (HF Markets), previously known as HotForex, offers a proprietary copy trading platform, HFcopy, a proprietary HF mobile app, and a decent selection of over 1,000 CFDs and 47 forex pairs. Still, trading costs at HFM are slightly above the industry average.
| Feature |
HFM
|
Libertex (Forex Club)
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 86 | 73 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platforms & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
Both HFM and Libertex (Forex Club) do not offer the ability to purchase actual delivered cryptocurrency, but they do provide options to buy cryptocurrency derivatives, allowing traders to invest in the price movements of cryptocurrencies without owning them.
While both HFM and Libertex (Forex Club) provide options for depositing and withdrawing funds using Skrill and bank wires, only HFM supports Visa or Mastercard, whereas Libertex offers more flexibility with ACH or SEPA transfers and PayPal, which are not available with HFM.
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.
Select Brokers
↓×Compare
0 of 5| Overall Rating | HFM | Libertex (Forex Club) | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 86 | 73 | |
| Winner | check_circle | ||
| Review | HFM Review |
| Broker Screenshots | HFM | Libertex (Forex Club) | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) |
| ||
| Mobile Trading Gallery (click to expand) |
| ||
| Research Gallery (click to expand) |
| ||
| Education Gallery (click to expand) |
|
| Regulation | HFM | Libertex (Forex Club) | |
|---|---|---|---|
| Trust Score | 86 | 73 | |
| Year Founded | 2010 | 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 | 3 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 0 |
| Tier-1 Licenses (Highly Trusted) | HFM | 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) | 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) | HFM | Libertex (Forex Club) | |
|---|---|---|---|
| Kenya (CMA Authorised) | Yes | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | HFM | Libertex (Forex Club) | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 500 | 300 | |
| Forex Pairs (Total) | 102 | 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 | HFM | Libertex (Forex Club) | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.2 | N/A | |
| All-in Cost EUR/USD - Active | 0.7 | N/A | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | HFM | Libertex (Forex Club) | |
|---|---|---|---|
| Minimum Deposit | $0 | $10 | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | No | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | Yes |
| Trading Platforms | HFM | 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) | Yes | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | HFM | Libertex (Forex Club) | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 15 | 15 | |
| Charting - Drawing Tools (Total) | 30 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | HFM | Libertex (Forex Club) | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | 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 | HFM | Libertex (Forex Club) | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | HFM | 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 | HFM | 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 | HFM Review |
| Overall | HFM | Libertex (Forex Club) | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 86 | 73 | |
| Winner | check_circle | ||
| Review | HFM Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill