Written by ForexBrokers.com
In this head to head comparison of TMGM 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.
TMGM, established in 2013, and Libertex (Forex Club), founded in 1997, are two prominent online brokers that offer trading services but are not publicly traded or banks. In terms of regulatory standing, TMGM boasts a stronger position, holding 2 Tier-1 licenses, which are highly trusted according to ForexBrokers.com. In comparison, Libertex (Forex Club) holds 1 Tier-1 license. This regulatory advantage is reflected in their Trust Score ratings, with TMGM scoring an 83, categorizing it as trusted, while Libertex (Forex Club) has a score of 73, denoting an average risk level.
Despite their differences in regulatory credentials and trust scores, both TMGM and Libertex (Forex Club) have carved a niche in the online trading sphere. Neither broker holds Tier-2 licenses, which shows a focus on maintaining relevant high-level regulatory coverage. Investors and traders might consider these factors when choosing between the two, as TMGM’s regulatory framework could offer more reassurance for those prioritizing security and trust.
| Feature |
TMGM
|
Libertex (Forex Club)
|
|---|---|---|
| Year Founded | 2013 | 1997 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 0 |
Comparing trading costs, TMGM stands out for its commission-based Edge account, which charges $3.50 per side ($7 round trip) and pairs that with low spreads and no requotes. TMGM also offers a spread-only Classic account, but the Edge plan is often the better value for frequent traders. A limitation is transparency: recent average spread data for EUR/USD at TMGM wasn’t available, and the best brokers typically publish this data for clearer cost comparisons.
Libertex (Forex Club) also lacks published average spread data, making it harder to estimate day-to-day costs. Based on our assessments, TMGM earns 4 out of 5 stars for commissions and fees and ranks 37th out of 63 brokers, while Libertex receives 3 out of 5 stars and ranks 63rd out of 63 in the Commissions and Fees category.
Account choice matters at TMGM: Classic is spread-only, while Edge adds a small commission to typically lower spreads. If you need a Sharia-compliant, swap-free option, you must use TMGM’s Edge account (the Classic account doesn’t offer swap-free). With both brands short on average spread disclosures—TMGM for EUR/USD and Libertex overall—traders should weigh the known commission structure at TMGM against the lack of spread transparency at either broker.
| Feature |
TMGM
|
Libertex (Forex Club)
|
|---|---|---|
| Minimum Deposit | $100 | $10 |
| Average spread (EUR/USD) - Standard account | N/A | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Non-wire bank transfer | No | Yes |
| PayPal (Deposit/Withdraw) | ||
| Skrill (Deposit/Withdraw) | ||
| Bank Wire (Deposit/Withdraw) |
Dive deeper: Best Low Spread Forex Brokers.
TMGM offers a far wider selection than Libertex (Forex Club) for traders who care about variety. TMGM lists about 12,000 tradeable symbols and 62 forex pairs, while Libertex provides roughly 300 symbols and 51 forex pairs. Both brokers support forex trading (CFD or spot), and both include copy trading options.
Neither TMGM nor Libertex lets you buy exchange-traded shares on U.S. or international stock exchanges (non-CFD). For crypto, neither offers actual coins, but both support cryptocurrency CFDs. Based on scope of markets, TMGM earns 4.5/5 stars and ranks 18th out of 63 brokers for Range of Investments, whereas Libertex (Forex Club) scores 3.5/5 stars and ranks 54th.
| Feature |
TMGM
|
Libertex (Forex Club)
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 12000 | 300 |
| Forex Pairs (Total) | 62 | 51 |
| 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.
TMGM vs Libertex (Forex Club): both brokers check key boxes for everyday traders. Each offers a free demo (paper) account, copy trading, a web platform, a Windows desktop platform, and trading directly from charts. TMGM does not have its own proprietary platform and instead focuses on MetaTrader; it supports both MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Libertex offers a proprietary platform alongside MT4, but does not support MT5. Details such as the number of built-in technical indicators and watch list columns were not specified.
For Trading Platforms and Tools, both TMGM and Libertex earn 4 out of 5 stars. In ForexBrokers.com’s rankings out of 63 brokers, TMGM placed #49 while Libertex ranked #51. If you want MT5, TMGM is the pick; if you prefer trying a broker’s own platform, Libertex stands out. Either way, MT4 users and copy traders will find what they need with both brokers.
| Feature |
TMGM
|
Libertex (Forex Club)
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | No | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | No |
| Charting - Indicators / Studies (Total) | 30 | 15 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
TMGM and Libertex (Forex Club) both offer mobile trading apps for iPhone and Android with price alerts built in. Each app includes 30 technical studies and lets you draw trendlines. The biggest differences are in convenience features: Libertex syncs your watchlists between the mobile app and your online account, while TMGM does not. On the flip side, TMGM auto-saves your chart drawings, whereas Libertex does not.
Both brokers earn 4 stars for Mobile Trading Apps. In ForexBrokers.com’s rankings out of 63 brokers, TMGM places #48 and Libertex sits at #50. Choose Libertex if cross-device watchlist syncing matters most; choose TMGM if keeping your chart annotations saved automatically is a priority.
| Feature |
TMGM
|
Libertex (Forex Club)
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | No |
Dive deeper: Best Forex Trading Apps.
When it comes to market research, TMGM offers more built-in tools than Libertex (Forex Club). TMGM provides daily market commentary, integrates Trading Central analysis, and includes a sentiment tool that shows the ratio of long vs. short positions—features that Libertex does not advertise. Both brokers deliver forex news from top-tier sources and maintain an economic calendar, and neither lists Autochartist. TMGM does not offer TipRanks, and Libertex does not indicate support for TipRanks or Acuity Trading, while TMGM includes tools from Acuity Trading (e.g., Signal Centre).
Independent ratings reflect these differences. TMGM earns 3.5 out of 5 stars for Research and ranks 54th out of 63 brokers at ForexBrokers.com, while Libertex (Forex Club) scores 3 out of 5 stars and ranks 62nd. If you value daily commentary, Trading Central insights, and a built-in sentiment gauge, TMGM is likely to feel more complete; if you only need news and an economic calendar, both brokers cover the basics.
| Feature |
TMGM
|
Libertex (Forex Club)
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central | Yes | No |
| Client sentiment data | Yes | No |
| TipRanks | No | |
| Acuity Trading | Yes | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
TMGM vs. Libertex (Forex Club) for beginners: TMGM has a slight edge for education, earning 3.5/5 stars and ranking 54th out of 63 brokers, while Libertex is rated 3/5 and ranks 58th. For newcomers who want hands-on guidance, note that neither broker runs monthly educational webinars, and neither offers at least 10 beginner-focused trading videos. Libertex does stand out with 10+ advanced videos for experienced traders, but that content is less tailored to first-time learners.
If you’re just getting started with forex and CFDs, TMGM may be the marginally better pick based on its higher education score, though both platforms leave beginners wanting more structured, entry-level video lessons and live sessions. If you plan to progress into more complex strategies, Libertex (Forex Club) has more advanced video material. Either way, consider supplementing with outside beginner courses and tutorials to round out your learning.
| Feature |
TMGM
|
Libertex (Forex Club)
|
|---|---|---|
| Webinars | No | No |
| Videos - Beginner Trading Videos | No | No |
| Videos - Advanced Trading Videos | No | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that TMGM is better than Libertex (Forex Club). TMGM finished with an overall rank of #37, while Libertex (Forex Club) finished with an overall rank of #61.
TMGM stands out for its impressive education toolset, though it still trails behind the best brokers in most categories. TMGM offers a small range of markets via the MetaTrader 4 (MT4) platform. While primarily a MetaTrader broker, it also offers the more exclusive IRESS platform – though the platform-specific requirements will limit who can use it.
| Feature |
TMGM
|
Libertex (Forex Club)
|
|---|---|---|
| Overall Rating |
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| Trust Score | 83 | 73 |
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TMGM vs Libertex (Forex Club): neither broker allows purchasing actual (delivered) cryptocurrency, but both provide cryptocurrency CFD trading.
In a TMGM vs Libertex (Forex Club) comparison of deposit and withdrawal options, Libertex supports ACH/SEPA transfers while TMGM does not; information for other payment methods (PayPal, Skrill, Visa/Mastercard, bank wire) was 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 | TMGM | Libertex (Forex Club) | |
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| Trust Score | 83 | 73 | |
| Winner | check_circle | ||
| Review | TMGM Review |
| Broker Screenshots | TMGM | Libertex (Forex Club) | |
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| Broker Gallery (click to expand) |
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| Regulation | TMGM | Libertex (Forex Club) | |
|---|---|---|---|
| Trust Score | 83 | 73 | |
| Year Founded | 2013 | 1997 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 0 |
| Tier-1 Licenses (Highly Trusted) | TMGM | Libertex (Forex Club) | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | 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) | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes |
| Tier-2 Licenses (Trusted) | TMGM | Libertex (Forex Club) | |
|---|---|---|---|
| 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 | TMGM | Libertex (Forex Club) | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 12000 | 300 | |
| Forex Pairs (Total) | 62 | 51 | |
| 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 | TMGM | Libertex (Forex Club) | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | N/A | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Inactivity Fee | Yes | No | |
| Order execution: Agency | Yes | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | TMGM | Libertex (Forex Club) | |
|---|---|---|---|
| Minimum Deposit | $100 | $10 | |
| PayPal (Deposit/Withdraw) | |||
| Skrill (Deposit/Withdraw) | |||
| Bank Wire (Deposit/Withdraw) | |||
| Non-wire bank transfer | No | Yes |
| Trading Platforms | TMGM | Libertex (Forex Club) | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | No | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No |
| Trading Tools | TMGM | Libertex (Forex Club) | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 30 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | TMGM | Libertex (Forex Club) | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | No | Yes | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | No | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | TMGM | Libertex (Forex Club) | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central | Yes | No | |
| TipRanks | No | ||
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | TMGM | Libertex (Forex Club) | |
|---|---|---|---|
| Webinars | No | No | |
| Videos - Beginner Trading Videos | No | No | |
| Videos - Advanced Trading Videos | No | Yes |
| Major Forex Pairs | TMGM | Libertex (Forex Club) | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | TMGM Review |
| Overall | TMGM | Libertex (Forex Club) | |
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| Trust Score | 83 | 73 | |
| Winner | check_circle | ||
| Review | TMGM Review |
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