Written by ForexBrokers.com
In this head to head comparison of Libertex (Forex Club) vs TopFX, 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.
Libertex (Forex Club) and TopFX are both well-established online brokers, with Libertex originating in 1997 and TopFX in 2010. Neither is publicly traded or operates as a bank, which means they are private companies solely focused on providing brokerage services. In terms of regulatory standing, both brokers hold one Tier-1 license each, reflecting a high level of security and oversight in their operations. For ForexBrokers.com Trust Score ratings, Libertex (Forex Club) holds a slightly higher score of 73, placing it in the average risk category, whereas TopFX scores 67, which categorizes it as a high-risk broker.
These scores suggest that while both brokers are engaged in providing trading services under trusted regulation, users may find Libertex (Forex Club) slightly more reliable based on its Trust Score. Neither broker holds a Tier-2 license, indicating that they rely on their primary Tier-1 regulatory status for market credibility. Investors considering these platforms should weigh these factors carefully, as both brokers present reputable options but differ in risk assessment by independent reviewers.
| Feature |
Libertex (Forex Club)
|
TopFX
|
|---|---|---|
| Year Founded | 1997 | 2010 |
| 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 |
When comparing brokers based on their commissions and fees, Libertex (Forex Club) and TopFX present distinct differences. Libertex does not provide specific average spread data, making it challenging for traders to estimate their potential costs accurately. Consequently, it receives a modest 3-star rating for its commissions and fees, ranking it near the bottom at #62 out of 63 brokers on ForexBrokers.com.
On the other hand, TopFX offers more transparency and flexibility with its two distinct account types. The RAW account, available on MetaTrader and cTrader, charges a commission of 2.75 EUR per side or 5.50 EUR per round turn for a standard lot. During July 2024, this account had an average spread of 0.33 pips for the EUR/USD pair, with total trading costs around 0.88 pips—competitive with industry standards. In contrast, the ZERO account eliminates commissions but features higher average spreads of 1.03 pips on the EUR/USD for the same period. This fee structure earns TopFX a 4-star rating and ranks it at #40 among 63 brokers for commissions and fees by ForexBrokers.com.
| Feature |
Libertex (Forex Club)
|
TopFX
|
|---|---|---|
| Minimum Deposit | $10 | Depends on payment method |
| Average Spread EUR/USD - Standard | N/A | 1.03 |
| All-in Cost EUR/USD - Active | N/A | 0.88 |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | No | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing the range of investments offered by Libertex (Forex Club) and TopFX, both brokers provide similar options with some key differences in their offerings. Libertex offers 300 tradeable symbols, while TopFX boasts a more extensive selection with 655 symbols. Both platforms allow forex trading through CFDs or spot contracts, with Libertex offering 51 forex pairs compared to TopFX's 60 pairs. Neither broker provides exchange-traded securities on U.S. or international exchanges, nor do they offer the purchase of actual cryptocurrencies. However, both allow trading in cryptocurrency derivatives.
For those interested in copy trading, both Libertex and TopFX have this feature available. Despite these offerings, their ratings for the range of investments are on par, each receiving 3.5 out of 5 stars. However, when ranked among 63 brokers, Libertex is positioned at #53, slightly behind TopFX, which holds the #46 spot. This comparison indicates that while both brokers have similar offerings, TopFX provides a slightly broader selection of tradeable symbols and forex pairs.
| Feature |
Libertex (Forex Club)
|
TopFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 300 | 655 |
| Forex Pairs (Total) | 51 | 60 |
| 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 the trading platforms and tools of Libertex (Forex Club) and TopFX, both brokers offer a strong selection for traders. Libertex stands out with its proprietary platform developed in-house, which is available alongside the widely-used MetaTrader 4 (MT4). Traders with Libertex also benefit from a Windows-based desktop platform, a web-based trading option, and a free virtual demo account to hone their skills. Furthermore, Libertex supports copy trading, enabling users to replicate the strategies of successful traders. When it comes to charting, Libertex users have access to 30 drawing tools and the ability to trade directly from a stock chart, providing ample resources for in-depth market analysis.
TopFX, on the other hand, does not offer a proprietary platform but provides a comprehensive suite with MT4 and a Windows-based desktop platform. The broker similarly grants access to a web-based platform and a demo account. TopFX also supports copy trading, making it accessible for those who prefer this approach. While the broker offers only 15 drawing tools for charting and also allows trading directly from stock charts, it shares the same rating as Libertex for trading platforms and tools with 4 stars. TopFX holds a slightly better ranking in this category on ForexBrokers.com, sitting at #45 compared to Libertex's #50, but both brokers provide a reliable platform array to meet various trading preferences.
| Feature |
Libertex (Forex Club)
|
TopFX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | No | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 15 | 30 |
| Charting - Drawing Tools (Total) | 30 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of Libertex (Forex Club) and TopFX, both brokers offer impressive options for iPhone and Android users, including features like stock and forex price alerts, ability to draw trendlines, and multiple time frame views. However, there is a key difference in watchlist syncing: Libertex (Forex Club) provides seamless syncing between the mobile app and online account, ensuring changes reflect automatically, whereas TopFX does not offer this feature.
Charting capabilities are on equal footing as both apps provide 30 technical studies. Despite this parity, TopFX has an edge in terms of auto-saving chart drawings, which is not available with Libertex (Forex Club). Both apps allow for the creation of real-time quote watchlists, and in terms of customer ratings, each earns 4 out of 5 stars. Notably, Libertex (Forex Club) is ranked 49th among 63 brokers by ForexBrokers.com for their mobile trading experience, slightly ahead of TopFX at 51st place.
| Feature |
Libertex (Forex Club)
|
TopFX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing the market research offerings between Libertex (Forex Club) and TopFX, both brokers provide access to forex news from renowned sources such as Bloomberg, Reuters, and Dow Jones. However, neither offers daily market commentary. When it comes to advanced research tools, TopFX has an edge with offerings from Autochartist and Trading Central, which provide technical and fundamental analysis capabilities. In contrast, Libertex lacks these specialized tools. Additionally, TopFX provides sentiment-based trading tools that give insights into long and short positions across various currencies, a feature Libertex does not offer. Both brokers do provide an economic calendar to track global news events, aiding in informed trading decisions.
Despite some differences in the tools available, both brokers hold the same rating of three stars for their research services. In the ForexBrokers.com ranking, TopFX is positioned slightly better at number 60 compared to Libertex's 61 out of 63 brokers. This rating reflects the slightly broader range of research and analytical options available with TopFX, albeit neither broker excels within this category. Both brokers may serve traders seeking basic market news and updates but might not suffice for those requiring more comprehensive analysis tools.
| Feature |
Libertex (Forex Club)
|
TopFX
|
|---|---|---|
| Daily Market Commentary | No | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | No | Yes |
| Social Sentiment - Currency Pairs | No | Yes |
| TipRanks | ||
| Signal Centre (Acuity Trading) | ||
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, both Libertex (Forex Club) and TopFX provide a moderate assortment but stop shy of offering a comprehensive educational experience. Libertex stands out by offering more than 10 educational materials including articles, videos, and archived webinars focused predominantly on forex and CFDs. While also offering advanced educational videos tailored for more seasoned traders, Libertex does not provide beginner-centric video content, dictionaries, or monthly webinars. These offerings earn Libertex a 3-star rating for education, ranking it at the 57th position out of 63 brokers by ForexBrokers.com.
TopFX, on the other hand, lags in providing a substantial array of educational resources, neither offering a minimum of 10 materials dedicated to forex and CFDs nor advanced educational videos for experienced traders. Like Libertex, TopFX lacks monthly webinars, a searchable webinar archive, and an investor dictionary. Consequently, it mirrors Libertex's 3-star education rating but places lower, at the 61st rank among 63 brokers in the same category. Both platforms exhibit room for growth in crafting more beginner-oriented and diverse educational content to aid newcomers in navigating the world of trading.
| Feature |
Libertex (Forex Club)
|
TopFX
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | No | No |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | No | No |
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 TopFX. Libertex (Forex Club) finished with an overall rank of #61, while TopFX finished with an overall rank of #62.
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)
|
TopFX
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 73 | 67 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platforms & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
Both Libertex (Forex Club) and TopFX do not offer the option to buy actual (delivered) cryptocurrency, but they do provide the ability to purchase cryptocurrency derivatives.
Comparing Libertex (Forex Club) and TopFX, Libertex provides options for ACH or SEPA transfers, PayPal, Skrill, and bank wires for depositing or withdrawing funds, but lacks Visa or Mastercard, while TopFX supports PayPal, Skrill, bank wires, and Visa or Mastercard, yet does not offer ACH or 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.
Select Brokers
↓×Compare
0 of 5| Overall Rating | Libertex (Forex Club) | TopFX | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 73 | 67 | |
| Winner | check_circle | ||
| Review | TopFX Review |
| Broker Screenshots | Libertex (Forex Club) | TopFX | |
|---|---|---|---|
| Broker Gallery (click to expand) |
|
| Regulation | Libertex (Forex Club) | TopFX | |
|---|---|---|---|
| Trust Score | 73 | 67 | |
| Year Founded | 1997 | 2010 | |
| 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) | TopFX | |
|---|---|---|---|
| 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) | TopFX | |
|---|---|---|---|
| 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 | Libertex (Forex Club) | TopFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 300 | 655 | |
| Forex Pairs (Total) | 51 | 60 | |
| 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 | Libertex (Forex Club) | TopFX | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | 1.03 | |
| All-in Cost EUR/USD - Active | N/A | 0.88 | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Libertex (Forex Club) | TopFX | |
|---|---|---|---|
| Minimum Deposit | $10 | Depends on payment method | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | No | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | Libertex (Forex Club) | TopFX | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | No | No | |
| cTrader | No | Yes | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Libertex (Forex Club) | TopFX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 15 | 30 | |
| Charting - Drawing Tools (Total) | 30 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Libertex (Forex Club) | TopFX | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Libertex (Forex Club) | TopFX | |
|---|---|---|---|
| Daily Market Commentary | No | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | |||
| Social Sentiment - Currency Pairs | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Libertex (Forex Club) | TopFX | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | No | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | No | No |
| Major Forex Pairs | Libertex (Forex Club) | TopFX | |
|---|---|---|---|
| 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 | TopFX Review |
| Overall | Libertex (Forex Club) | TopFX | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 73 | 67 | |
| Winner | check_circle | ||
| Review | TopFX Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill