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 account | N/A | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Non-wire bank transfer | Yes | No |
| PayPal (Deposit/Withdraw) | ||
| Skrill (Deposit/Withdraw) | ||
| Bank Wire (Deposit/Withdraw) |
Dive deeper: Best Low Spread Forex Brokers.
Libertex (Forex Club) and LegacyFX both support forex trading as CFDs or spot, and both include copy trading. LegacyFX lists about 425 tradeable symbols, giving it a larger overall catalog than Libertex’s roughly 300. If your focus is currency pairs, Libertex edges ahead with 51 forex pairs versus LegacyFX’s 44. For crypto, neither broker lets you buy and hold actual coins, but each offers cryptocurrency CFDs. Neither broker provides access to buy real, exchange-traded stocks on U.S. or international exchanges.
In the range of investments category, both brokers earn 3.5 out of 5 stars. ForexBrokers.com ranks LegacyFX 49th out of 63 brokers and Libertex (Forex Club) 54th. Put simply, choose LegacyFX if you want more total instruments, or pick Libertex if you care more about the number of forex pairs.
| Feature |
Libertex (Forex Club)
|
LegacyFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 300 | 425 |
| Forex Pairs (Total) | 51 | 44 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | No | No |
| Copy Trading | Yes | Yes |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | 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 let you test-drive with a free demo account and support copy trading. Each offers a Windows desktop download and a web-based platform, plus the handy ability to place trades right from the chart. In platform and tools ratings, Libertex scores 4 stars while LegacyFX earns 3.5 stars; on ForexBrokers.com’s list of 63 brokers, they rank #51 and #61, respectively.
Key platform differences: Libertex provides its own proprietary, in-house platform and supports MetaTrader 4 (MT4) but not MetaTrader 5 (MT5). LegacyFX does not have a proprietary platform; instead, it supports MT5 but not MT4. If you want a broker-built platform or need MT4, Libertex is the better fit. If you prefer MT5, LegacyFX makes more sense. Both brokers offer charting, watchlists, and access through desktop and browser.
| Feature |
Libertex (Forex Club)
|
LegacyFX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | No | Yes |
| Charting - Indicators / Studies (Total) | 15 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Libertex (Forex Club) and LegacyFX both check the basics for mobile trading: each has iPhone and Android apps and supports price alerts. In expert reviews of mobile trading apps, Libertex earns 4 stars and ranks #50 out of 63 brokers, while LegacyFX earns 3.5 stars and ranks #62 out of 63. That slight edge may matter if you want a higher-rated, more polished experience.
For charting, both apps include 30 technical studies and let you draw trendlines. The key differences are in convenience features: Libertex syncs your watchlists between the mobile app and your online account, but it does not auto-save chart drawings. LegacyFX is the opposite—it does not sync watchlists, yet it will auto-save your drawings. Choose Libertex if synced watchlists are important; pick LegacyFX if keeping your chart annotations saved is the priority.
| Feature |
Libertex (Forex Club)
|
LegacyFX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | No | 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 (Articles) | No | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central | No | No |
| Client sentiment data | No | No |
| TipRanks | ||
| Acuity Trading | ||
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginners exploring forex and CFD education, LegacyFX is the friendlier starting point. It offers at least 10 beginner-focused trading videos and runs ongoing client webinars (at least once a month), which helps you learn in a clear, steady rhythm. Libertex (Forex Club) doesn’t meet the 10-video threshold for beginner topics and does not host monthly webinars, though it does include advanced lessons you can grow into later.
Both brokers provide advanced video content, but LegacyFX pulls ahead overall with a 3.5-star education rating and a #35 education ranking out of 63 brokers on ForexBrokers.com. Libertex (Forex Club) carries a 3-star education rating and ranks #58, indicating a slimmer path for newcomers who want structured, entry-level learning materials.
| Feature |
Libertex (Forex Club)
|
LegacyFX
|
|---|---|---|
| Webinars | No | Yes |
| Videos - Beginner Trading Videos | No | Yes |
| Videos - Advanced Trading Videos | Yes | 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)
|
LegacyFX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 73 | 67 |
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In a head-to-head comparison, Libertex (Forex Club) and LegacyFX both do not support purchasing real, delivered cryptocurrencies but each offers cryptocurrency CFD trading.
In this comparison of online brokers Libertex (Forex Club) vs LegacyFX, Libertex supports ACH/SEPA transfers for deposits and withdrawals while LegacyFX does not, and information on PayPal, Skrill, Visa/Mastercard, and bank wire funding options is not specified.
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 | |
|---|---|---|---|
| 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, FSRA, or SCA 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. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | No | No | |
| Copy Trading | Yes | Yes | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | 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 account | N/A | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Inactivity Fee | No | No | |
| Order execution: Agency | No | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | Libertex (Forex Club) | LegacyFX | |
|---|---|---|---|
| Minimum Deposit | $10 | $500 | |
| PayPal (Deposit/Withdraw) | |||
| Skrill (Deposit/Withdraw) | |||
| Bank Wire (Deposit/Withdraw) | |||
| Non-wire bank transfer | Yes | No |
| Trading Platforms | Libertex (Forex Club) | LegacyFX | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No |
| Trading Tools | Libertex (Forex Club) | LegacyFX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 15 | 30 | |
| 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 Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | No | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | Libertex (Forex Club) | LegacyFX | |
|---|---|---|---|
| Daily Market Commentary (Articles) | No | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central | No | No | |
| TipRanks | |||
| Client sentiment data | No | No | |
| Economic Calendar | Yes | Yes |
| Education | Libertex (Forex Club) | LegacyFX | |
|---|---|---|---|
| Webinars | No | Yes | |
| Videos - Beginner Trading Videos | No | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes |
| Major Forex Pairs | Libertex (Forex Club) | LegacyFX | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| 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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