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 |
When comparing the commission and fee structures of TMGM and Libertex (Forex Club), TMGM emerges as the more cost-effective choice for many traders. TMGM provides two types of accounts: the Classic account, which operates on a spread-only model, and the Edge account, which charges a minimal commission fee of $3.50 per side along with low spreads. Although average spread data for the EUR/USD is not readily available, TMGM’s Edge account is generally favored for its balance of commission and spread costs. For those seeking interest-free solutions, the Edge account also caters to Islamic finance customers with a Sharia-compliant, swap-free option.
On the other hand, Libertex (Forex Club) lacks transparency in its trading costs as average spread data is not provided, making it challenging to gain a clear understanding of its overall fee structure. This lack of clarity can be a drawback for traders who prefer to have a detailed view of their potential costs.
In terms of ratings, TMGM receives a commendable 4 out of 5 stars for its commission and fee offerings, ranking 36th out of 63 brokers in this category according to ForexBrokers.com. In contrast, Libertex (Forex Club) is rated with 3 stars and ranks substantially lower at 62nd, suggesting that TMGM generally offers a more competitive and transparent fee structure for traders.
| 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 and Libertex (Forex Club) both present opportunities for forex traders, offering forex trading as CFDs or spot contracts. TMGM stands out with an impressive selection of 12,000 tradeable symbols and 62 forex pairs. Meanwhile, Libertex offers 300 tradeable symbols, including 51 forex pairs. Neither platform provides options for purchasing exchange-traded securities on U.S. or international exchanges. Both brokers support copy trading and the purchase of cryptocurrency derivatives, though they do not offer actual cryptocurrencies.
TMGM is often regarded more favorably for its range of investments, scoring 4.5 out of 5 stars and securing a ranking of 17th among 63 brokers by ForexBrokers.com. In contrast, Libertex earns a rating of 3.5 stars and is ranked 53rd. The difference in offerings and rankings highlights TMGM's broader appeal to those seeking a wider variety of investment options, particularly in forex trading.
| 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.
When comparing TMGM and Libertex (Forex Club) for trading platforms and tools, both brokers provide users with the convenience of simulated trading through free virtual demo accounts. TMGM does not have its own proprietary platform but makes up for this by offering popular trading platforms like MetaTrader 4 and MetaTrader 5. In contrast, Libertex offers a proprietary trading platform, though it only supports MetaTrader 4. Both platforms are available on various interfaces, including Windows-based desktop downloads and web-based browsers, ensuring accessibility and ease of use for traders.
Traders interested in charting tools will find differences between the two brokers. While both TMGM and Libertex allow trading directly from a stock chart, TMGM provides 15 drawing tools compared to Libertex's 30. For managing watch lists, both brokers offer seven columns (fields) for customization. Both brokers include copy trading, but neither supports DupliTrade or ZuluTrade. In industry rankings, TMGM holds a slight edge, being ranked #48 in trading platforms and tools by ForexBrokers.com, just ahead of Libertex at #50. Both brokers receive a quality rating of 4 stars for their trading platforms and tools.
| 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 shine in offering feature-rich mobile trading apps for iPhone and Android users, making them excellent options for traders on the go. Both platforms provide stock and forex price alerts, technical analysis with 30 different technical studies for detailed charting, and the ability to draw trendlines and explore multiple time frames on charts. Additionally, they're tied with convenient features like creating watchlists with real-time quotes.
However, some differences do emerge. While Libertex excels with its ability to sync watchlist symbols across platforms, TMGM's app uniquely autosaves drawing lines on charts, a handy feature for those who frequently analyze chart patterns. Each app garnered a respectable four-star rating for mobile trading, with TMGM slightly ahead in ranking at #47, compared to Libertex's #49, according to ForexBrokers.com. With these offerings, both apps stand out, allowing traders to have confidence while trading on the move.
| 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 comparing the market research offerings of TMGM and Libertex (Forex Club), several key differences stand out. TMGM delivers daily market commentary, providing timely insights that are not available through Libertex. Both brokers offer forex news from well-regarded sources such as Bloomberg and Reuters, ensuring you have access to essential market information. While TMGM integrates tools from Trading Central to enhance your technical analysis, Libertex does not offer similar capabilities. In terms of sentiment analysis, TMGM again has the upper hand with tools that display the ratio of long and short positions across currency pairs, a feature that is absent in Libertex’s offerings.
For those looking for research tools from Acuity Trading, TMGM equips traders with features such as the Signal Centre, setting it apart from Libertex, which lacks this resource. Both brokers provide an economic calendar to keep clients informed about global news events. In terms of ratings, TMGM edges out with a 3.5-star research rating compared to Libertex's 3-star rating. In the rankings by ForexBrokers.com, TMGM is placed at #53 out of 63, showing a stronger research offering than Libertex, which is ranked at #61. These differences highlight TMGM's more comprehensive approach in supporting traders with market research resources.
| 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 | No |
| Signal Centre (Acuity Trading) | Yes | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational materials for beginners, TMGM and Libertex (Forex Club) offer varied resources. Libertex takes the lead by offering a range of over ten educational pieces focused on forex or CFDs, providing a solid start for new traders. TMGM, on the other hand, lacks in this department but compensates by featuring a searchable archive of past webinars, a helpful tool for those who prefer learning through previously recorded sessions. Neither broker hosts monthly educational webinars, so live learning opportunities are limited. While both fall short in providing beginner-specific videos, advanced traders may find value in Libertex's collection of advanced educational videos.
For those new to trading, TMGM shines with an extensive investor dictionary, making it easier to grasp the complex terms often encountered in the industry, a feature Libertex does not offer. Despite Libertex having an edge in the quantity of educational resources, TMGM maintains a slightly better education rating of 3.5 stars compared to Libertex's 3 stars. According to rankings by ForexBrokers.com, TMGM holds a better position at 54 out of 63 brokers, slightly ahead of Libertex's ranking of 57, indicating a marginal preference for their educational offerings.
| 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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| 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) | No | No | |
| 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) | No | No | |
| 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) | No | No |
| 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 | 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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