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 | N/A | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | No | Yes |
| ACH or SEPA Transfers | No | Yes |
| PayPal (Deposit/Withdraw) | Yes | 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.
TMGM vs. Libertex (Forex Club): both brokers let you trade forex as CFDs or spot contracts, but TMGM delivers far more choice. TMGM lists about 12,000 tradeable symbols and 62 forex pairs, while Libertex offers around 300 symbols and 51 forex pairs. Neither broker lets you buy exchange‑traded shares on U.S. or international stock exchanges.
Both platforms support copy trading. For crypto, neither offers direct (delivered) coins, but each provides cryptocurrency derivatives. Reflecting its wider selection, TMGM earns 4.5/5 stars for Range of Investments and ranks #18 out of 63 brokers at ForexBrokers.com. Libertex scores 3.5/5 stars and ranks #54.
| Feature |
TMGM
|
Libertex (Forex Club)
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 12000 | 300 |
| Forex Pairs (Total) | 62 | 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.
If you’re choosing between TMGM and Libertex (Forex Club) for trading platforms and tools, both offer free demo accounts and support web-based and Windows desktop trading. TMGM relies on third-party platforms, while Libertex also provides a proprietary platform built in-house. Both support MetaTrader 4 and copy trading; only TMGM adds MetaTrader 5. Neither broker integrates DupliTrade or ZuluTrade.
For charting, TMGM lists 15 drawing tools versus 30 at Libertex, and both let you place trades directly from charts. Indicator counts aren’t specified for either broker. Watch lists include seven columns at both. In independent testing, each earned 4 out of 5 stars for Trading Platforms and Tools, with ForexBrokers.com ranking TMGM 49th out of 63 brokers and Libertex 51st.
| Feature |
TMGM
|
Libertex (Forex Club)
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| 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 |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | 15 |
| Charting - Drawing Tools (Total) | 15 | 30 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
TMGM and Libertex (Forex Club) both deliver capable mobile trading apps for iPhone and Android, with real-time watchlists and price alerts. Each app includes 30 technical studies, multiple time frames, and trendline drawing for stock and forex charts. Key differences: TMGM auto-saves your chart drawings, while Libertex does not. On the other hand, Libertex syncs watchlists across mobile and the web, whereas TMGM’s watchlists do not sync.
Both apps earn 4 out of 5 stars. In ForexBrokers.com’s Mobile Trading Apps rankings out of 63 brokers, TMGM comes in at #48 and Libertex at #50. Pick TMGM if keeping your chart annotations saved matters most; choose Libertex if seamless watchlist syncing across devices is your priority. For most other features, they’re closely matched.
| Feature |
TMGM
|
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 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 | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | |
| Signal Centre (Acuity Trading) | Yes | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginners comparing education at TMGM and Libertex (Forex Club), the key difference is content depth versus tools. Libertex meets the baseline for forex/CFD education with at least 10 learning pieces, while TMGM does not. Neither broker hosts monthly client webinars. TMGM does offer a searchable archive of past webinars and an investor dictionary with 50+ terms, which can help newcomers decode jargon; Libertex lacks both. Neither broker provides 10+ beginner-focused videos, though Libertex does offer 10+ advanced videos, whereas TMGM does not.
If you want a starter library of forex/CFD lessons, Libertex (Forex Club) has more core material to read or watch. If you prefer quick definitions and browsing past sessions, TMGM may fit better. In our ratings, TMGM scores 3.5/5 stars and ranks #54 of 63 for Education, while Libertex scores 3/5 stars and ranks #58 of 63—so TMGM is rated slightly higher overall, but Libertex may edge it for foundational course-style content.
| Feature |
TMGM
|
Libertex (Forex Club)
|
|---|---|---|
| Education (Forex or CFDs) | No | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | No | No |
| Videos - Advanced Trading Videos | No | 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 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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Both TMGM and Libertex (Forex Club) do not offer the option to buy actual (delivered) cryptocurrencies, but they do provide the ability to trade cryptocurrency derivatives.
TMGM and Libertex (Forex Club) both support PayPal, Skrill, and bank wire transfers for funding and withdrawing from accounts, but while TMGM additionally accepts Visa and Mastercard, only Libertex offers ACH and SEPA transfers.
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/Central Bank 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. 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 | TMGM | Libertex (Forex Club) | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | TMGM | Libertex (Forex Club) | |
|---|---|---|---|
| Minimum Deposit | $100 | $10 | |
| PayPal (Deposit/Withdraw) | Yes | 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 | TMGM | Libertex (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 Tools | TMGM | Libertex (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 Trading | TMGM | 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 | TMGM | Libertex (Forex Club) | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | ||
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | TMGM | Libertex (Forex Club) | |
|---|---|---|---|
| Education (Forex or CFDs) | No | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | No | No | |
| Videos - Advanced Trading Videos | No | Yes | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | TMGM | 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 | 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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