TMGM vs Libertex (Forex Club) Comparison
Comparing forex brokers side by side is no easy task. For our 2023 annual forex broker review, we spent hundreds of hours assessing 62 forex and CFD brokerages to find the best forex broker. Let's compare TMGM vs Libertex (Forex Club).
Does TMGM or Libertex (Forex Club) offer lower pricing?
Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, TMGM offers better pricing overall for traders.
Is TMGM or Libertex (Forex Club) safer for forex and CFDs trading?
At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. TMGM holds 2 global Tier-1 licenses, while Libertex (Forex Club) holds 1. Both TMGM and Libertex (Forex Club) hold 0 global Tier-2 licenses. In our analysis of 23 international regulators across 50 brokers, TMGM (83) earned a higher Trust Score than Libertex (Forex Club) (73).
Which trading platform is better: TMGM or Libertex (Forex Club)?
To compare the trading platforms of both TMGM and Libertex (Forex Club), we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, TMGM offers a better experience. With research, TMGM offers superior market research. Finally, we found TMGM to provide better mobile trading apps.
What about MetaTrader and copy trading?
For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Both TMGM and Libertex (Forex Club) offer MetaTrader 4 (MT4).TMGM and Libertex (Forex Club) both offer copy trading.
How many forex pairs and CFDs are available to trade?
TMGM provides traders 62 currency pairs (e.g., EUR/USD) compared to Libertex (Forex Club)'s 51 available pairs. Forex pairs aside, TMGM offers traders access to 12000 CFDs while Libertex (Forex Club) has 300 available CFDs, a difference of 11700.
Can I trust TMGM?
TMGM is not publicly traded and does not operate a bank. TMGM is authorised by two tier-1 regulators (Highly Trusted), zero tier-2 regulators (Trusted), zero tier-3 regulator (Average Risk), and two tier-4 regulators (High Risk). TMGM is authorised by the following tier-1 regulators: the Australian Securities & Investment Commission (ASIC) and the Financial Markets Authority (FMA).
Can I trust Libertex (Forex Club)?
Libertex (Forex Club) is not publicly traded and does not operate a bank. Libertex (Forex Club) is authorised by one Tier-1 regulator (Highly Trusted), zero tier-2 regulator (Trusted), zero tier-3 regulators (Average Risk), and zero tier-4 regulators (High Risk). Libertex (Forex Club) is authorised by the following tier-1 regulators: European Union Authorized (MiFID).
Is TMGM good?
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.
Is Libertex (Forex Club) good?
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.
Overall winner: TMGM
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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.