Written by ForexBrokers.com
In this head to head comparison of Libertex (Forex Club) vs LegacyFX, 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 1997, Libertex (Forex Club) stands as a seasoned player in the online brokerage sector. It is not publicly traded and does not operate as a bank. Libertex holds one Tier-1 license, recognized for its high level of trust, and maintains a Trust Score rating of 73 out of 99, categorizing it as an average risk broker according to ForexBrokers.com standards. This score suggests a moderate level of trust among traders, offering a reliable platform for forex trading.
In comparison, LegacyFX, established in 2012, also refrains from being listed on a stock exchange or functioning as a bank. Like Libertex, it holds one Tier-1 license, symbolizing a similar trust factor in terms of regulatory oversight. Nevertheless, LegacyFX holds a ForexBrokers.com Trust Score rating of 67 out of 99, classifying it as a high-risk broker. This rating indicates a slightly lower confidence level compared to Libertex, suggesting traders should weigh their options carefully when considering LegacyFX for their trading needs.
| Feature |
Libertex (Forex Club)
|
LegacyFX
|
|---|---|---|
| Year Founded | 1997 | 2012 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 1 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
Comparing commissions and fees, LegacyFX edges out Libertex (Forex Club) in our ratings, but both brokers make it hard to pin down true trading costs due to limited transparency on average spreads. Libertex (Forex Club) is rated 3 out of 5 stars and ranks #63 out of 63 brokers for Commissions and Fees, while LegacyFX earns 3.5 out of 5 stars and ranks #58 out of 63.
Libertex (Forex Club): Average spread data isn’t available, which makes it difficult to estimate all-in trading costs or compare pricing to peers. That lack of detail contributes to its 3/5-star score and #63 ranking in the Commissions and Fees category.
LegacyFX: Pricing depends on which entity you use and the account tier you choose. In the EU (CySEC), accounts include Silver ($500 min), Gold ($5,000), and Platinum ($25,000); spreads are lowest on Platinum, higher on Gold, and the Silver account has the steepest pricing with minimum spreads starting from 1.6 pips on EUR/USD. Internationally (Vanuatu), seven tiers are offered—Standard ($500), Bronze ($1,000), Silver ($3,000), Gold ($5,000), Platinum ($10,000), Premium ($25,000), and VIP ($50,000)—with added services and tools scaling by tier. However, average spreads are not published, so the true cost is still unclear. LegacyFX’s partial visibility leads to a 3.5/5-star score and a #58 ranking for Commissions and Fees.
| Feature |
Libertex (Forex Club)
|
LegacyFX
|
|---|---|---|
| Minimum Deposit | $10 | $500 |
| Average Spread EUR/USD - Standard | N/A | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | No | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Libertex (Forex Club) and LegacyFX both support forex trading through CFDs or spot contracts. LegacyFX lists more total tradeable symbols (425 vs 300), while Libertex (Forex Club) offers more forex pairs (51 vs 44). Neither broker provides exchange-traded securities on U.S. or international exchanges, so you can’t buy actual shares like Apple or Vodafone; stock exposure, where available, is via CFDs. Both platforms offer copy trading and let you trade cryptocurrency derivatives, but neither allows purchasing actual, delivered crypto.
For Range of Investments, both Libertex (Forex Club) and LegacyFX earn 3.5 out of 5 stars from ForexBrokers.com. LegacyFX holds a slightly better category ranking (#49 of 63) compared to Libertex (Forex Club) (#54 of 63). If you want the widest overall list of instruments, LegacyFX has the edge; if your priority is a few more forex pairs, Libertex (Forex Club) may suit you better. For direct share ownership or delivered crypto, you’ll need a different provider.
| Feature |
Libertex (Forex Club)
|
LegacyFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 300 | 425 |
| Forex Pairs (Total) | 51 | 44 |
| 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.
Libertex (Forex Club) and LegacyFX both make it easy to get started with a free demo account and offer web and Windows desktop platforms. Each supports copy trading, lets you place trades directly from charts, and provides seven columns for watchlists. Neither integrates DupliTrade or ZuluTrade. A key difference is that Libertex offers its own in-house platform, while LegacyFX does not.
Platform choice also diverges: Libertex supports MetaTrader 4 (MT4) but not MT5, whereas LegacyFX supports MT5 but not MT4. For charting, Libertex lists 30 drawing tools versus 15 at LegacyFX; indicator counts weren’t specified for either. In ForexBrokers.com’s Trading Platforms and Tools ratings, Libertex earns 4 stars and ranks 51st out of 63 brokers, while LegacyFX scores 3.5 stars and ranks 61st. In short, pick Libertex if you want MT4 and more drawing tools; choose LegacyFX if you prefer MT5.
| Feature |
Libertex (Forex Club)
|
LegacyFX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 15 | 30 |
| Charting - Drawing Tools (Total) | 30 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Libertex (Forex Club) and LegacyFX both offer mobile trading apps for iPhone and Android. Each app includes stock and forex price alerts, real-time quote watchlists, and charting with 30 technical indicators, trendline drawing, and multiple time frames (from intraday to daily and weekly).
The differences come down to workflow. Libertex syncs watchlists between mobile and your online account, so symbols you add in one place appear in the other; LegacyFX does not sync watchlists. LegacyFX auto-saves chart drawings, while Libertex does not. According to ForexBrokers.com, Libertex earns 4 stars and ranks #50 out of 63 for Mobile Trading Apps, whereas LegacyFX holds 3.5 stars and ranks #62. Pick Libertex if synced watchlists matter most; choose LegacyFX if keeping your chart annotations saved is a priority.
| Feature |
Libertex (Forex Club)
|
LegacyFX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing market research at Libertex (Forex Club) and LegacyFX, LegacyFX comes out ahead. LegacyFX provides daily market commentary, while Libertex does not. Both brokers deliver forex news from top-tier sources like Bloomberg, Reuters, or Dow Jones, and each includes an economic calendar for tracking key events. Overall research scores reflect the gap: Libertex earns 3 stars and ranks 62nd out of 63 brokers on ForexBrokers.com, whereas LegacyFX scores 3.5 stars and ranks 47th.
In terms of research tools, LegacyFX offers Autochartist, which can help with pattern recognition and trade ideas; Libertex does not. Neither broker integrates Trading Central, and neither provides a sentiment-based trading tool. If you want daily commentary and Autochartist, LegacyFX is the better fit. If you just need quality news and an economic calendar, both platforms cover those basics.
| Feature |
Libertex (Forex Club)
|
LegacyFX
|
|---|---|---|
| Daily Market Commentary | No | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | No | No |
| TipRanks | ||
| Signal Centre (Acuity Trading) | ||
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Comparing education for beginners, both Libertex (Forex Club) and LegacyFX provide at least 10 forex/CFD learning pieces, but LegacyFX gives newcomers more to work with. LegacyFX runs monthly client webinars and keeps a searchable archive of past sessions, while Libertex does not offer either. LegacyFX also supplies at least 10 beginner-focused videos and an investor dictionary with 50+ terms; Libertex lacks both of these. For more experienced learners, each broker delivers at least 10 advanced trading videos.
Ratings reflect this gap for beginners: LegacyFX scores 3.5 out of 5 stars for Education and ranks #35 out of 63 brokers on ForexBrokers.com, ahead of Libertex (Forex Club), which holds 3 stars and ranks #58. In short, LegacyFX is better suited to new traders who want live coaching, on-demand videos, and a handy glossary, whereas Libertex may appeal more to those who don’t need webinars or a beginner video library.
| Feature |
Libertex (Forex Club)
|
LegacyFX
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | Yes |
| Client Webinars (Archived) | No | Yes |
| Videos - Beginner Trading Videos | No | Yes |
| Videos - Advanced Trading Videos | Yes | Yes |
| Investor Dictionary (Glossary) | No | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that Libertex (Forex Club) is better than LegacyFX. Libertex (Forex Club) finished with an overall rank of #61, while LegacyFX finished with an overall rank of #63.
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.
| Feature |
Libertex (Forex Club)
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LegacyFX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 73 | 67 |
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Both Libertex (Forex Club) and LegacyFX do not offer the ability to buy actual (delivered) cryptocurrencies, but they both provide the opportunity to trade cryptocurrency derivatives.
When comparing online brokers, Libertex (Forex Club) provides more versatile transaction options, offering ACH, SEPA transfers, PayPal, Skrill, and bank wire services but not Visa or Mastercard, while LegacyFX supports Skrill, Visa, Mastercard, and bank wires but lacks ACH, SEPA, and PayPal 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 | Libertex (Forex Club) | LegacyFX | |
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| Trust Score | 73 | 67 | |
| Winner | check_circle | ||
| Review | LegacyFX Review |
| Broker Screenshots | Libertex (Forex Club) | LegacyFX | |
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| Broker Gallery (click to expand) |
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| Regulation | Libertex (Forex Club) | LegacyFX | |
|---|---|---|---|
| Trust Score | 73 | 67 | |
| Year Founded | 1997 | 2012 | |
| 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 | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | Libertex (Forex Club) | LegacyFX | |
|---|---|---|---|
| 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) | |||
| 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) | Libertex (Forex Club) | LegacyFX | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | Libertex (Forex Club) | LegacyFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 300 | 425 | |
| Forex Pairs (Total) | 51 | 44 | |
| 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 | Libertex (Forex Club) | LegacyFX | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Libertex (Forex Club) | LegacyFX | |
|---|---|---|---|
| Minimum Deposit | $10 | $500 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | No | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | Libertex (Forex Club) | LegacyFX | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Libertex (Forex Club) | LegacyFX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 15 | 30 | |
| Charting - Drawing Tools (Total) | 30 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Libertex (Forex Club) | LegacyFX | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Libertex (Forex Club) | LegacyFX | |
|---|---|---|---|
| Daily Market Commentary | No | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | No | No | |
| TipRanks | |||
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | Libertex (Forex Club) | LegacyFX | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | Yes | |
| Client Webinars (Archived) | No | Yes | |
| Videos - Beginner Trading Videos | No | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes | |
| Investor Dictionary (Glossary) | No | Yes |
| Major Forex Pairs | Libertex (Forex Club) | LegacyFX | |
|---|---|---|---|
| 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 | LegacyFX Review |
| Overall | Libertex (Forex Club) | LegacyFX | |
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| Trust Score | 73 | 67 | |
| Winner | check_circle | ||
| Review | LegacyFX Review |
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