Written by ForexBrokers.com
In this head to head comparison of Eightcap 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.
Eightcap and Libertex (Forex Club) are both established names in the online brokerage world, with foundations dating back to 2009 and 1997, respectively. Neither broker is publicly traded or operates as a bank. When it comes to regulatory credentials, Eightcap stands out with three Tier-1 licenses, which garner a high level of trust. In contrast, Libertex (Forex Club) holds one Tier-1 license. These credentials highlight Eightcap's commitment to secure and reliable trading conditions.
In terms of overall trustworthiness, Eightcap scores an 85 out of 99 according to ForexBrokers.com, classifying it as a trusted broker. Libertex (Forex Club), on the other hand, earns a score of 73, indicating a higher average risk. These ratings, combined with their licensing details, can help potential traders weigh their options, with Eightcap demonstrating stronger regulatory compliance. Both brokers provide a stable platform for trading, yet Eightcap's higher Trust Score rating and additional licenses offer a more secure environment.
| Feature |
Eightcap
|
Libertex (Forex Club)
|
|---|---|---|
| Year Founded | 2009 | 1997 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 1 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
When comparing Eightcap and Libertex (Forex Club) on commissions and fees, Eightcap offers two account types: the commission-based Raw account and the spread-only Standard account. For the Raw account, Eightcap boasts an average spread of 0.06 pips. However, factoring in a $3.50 per trade commission, the total cost is approximately 0.76 pips, which is competitive but slightly above the absolute lowest in the forex market. Despite not being the least expensive, Eightcap is well-regarded for its pricing and is rated with 4 stars for its commission and fees.
In contrast, Libertex (Forex Club) lacks available data on average spreads, making it challenging to provide a direct cost comparison. Nonetheless, Libertex earns a 3-star rating for its commission and fees. In terms of industry ranking, Eightcap holds a commendable #26 spot out of 62 brokers according to ForexBrokers.com, reflecting its relatively moderate fee structure.
Conversely, Libertex is positioned at #61 out of 62 brokers for commissions and fees. This lower ranking highlights that Libertex may not be the top choice for traders seeking the most cost-effective option. Overall, Eightcap offers a more balanced pricing structure, while Libertex might be better suited for other trading preferences beyond low-cost transactions.
| Feature |
Eightcap
|
Libertex (Forex Club)
|
|---|---|---|
| Minimum Deposit | $100 | $10 |
| Average Spread EUR/USD - Standard | 1.0 | N/A |
| All-in Cost EUR/USD - Active | 0.76 | 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.
Eightcap and Libertex (Forex Club) both offer forex trading as a contract for difference (CFD) or spot contract, providing traders with a flexible approach to engage in the forex market. Eightcap stands out with a wider selection of tradeable symbols, offering 736 compared to Libertex's 300. Although they differ slightly in available forex pairs, Eightcap has a slight edge with 56 pairs, while Libertex offers 51. Neither broker provides access to exchange-traded securities on U.S. or international exchanges, such as buying shares of Apple or Vodafone directly.
Both platforms support cryptocurrency derivatives, but neither offers the ability to purchase actual cryptocurrencies. Copy trading features are accessible on both Eightcap and Libertex, allowing users to emulate successful trading strategies. In terms of investment variety, both brokers are evenly matched with a rating of 3.5 stars out of five. However, Eightcap takes the lead in the ForexBrokers.com rankings for Range of Investments, positioned at #40 out of 62 brokers, while Libertex settles at #53.
| Feature |
Eightcap
|
Libertex (Forex Club)
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 736 | 300 |
| Forex Pairs (Total) | 56 | 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 the trading platforms and tools offered by Eightcap and Libertex (Forex Club), both brokers provide traders with a free virtual demo account, allowing users to practice their strategies before diving into real trading. Eightcap does not have a proprietary platform, whereas Libertex offers its in-house developed platform, giving users a unique experience. Both brokers support a Windows-based desktop download trading platform and a web-based option, making trading accessible on various devices. Additionally, both Eightcap and Libertex include copy trading and the MetaTrader 4 platform, with Eightcap also offering MetaTrader 5 support, which Libertex does not.
In terms of charting tools, both brokers allow trading directly from a stock chart, but there are differences in the number of drawing tools provided—Eightcap offers 15 while Libertex provides 30. Their watch lists contain seven columns, allowing traders to efficiently monitor their favorite markets. Eightcap is rated slightly higher in the trading platforms and tools category, securing a 4-star rating and ranking 38th out of 62 brokers by ForexBrokers.com, as opposed to Libertex, which also holds a 4-star rating but ranks 50th. These similarities and distinctions highlight each broker's strengths in catering to different trader preferences.
| Feature |
Eightcap
|
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.
Eightcap and Libertex (Forex Club) both offer comprehensive mobile trading experiences available on iPhone and Android devices, making them accessible for most traders. Each app includes essential features like stock and forex price alerts, watchlist symbol syncing for seamless integration with online accounts, and the ability to create watchlists with real-time quotes. Additionally, both brokers provide 30 technical studies for charting, allowing users to analyze trends and make informed trading decisions. These apps support multiple time frames and the drawing of trendlines on charts, although only Eightcap provides the convenience of auto-saving chart drawings.
In terms of user ratings, both Eightcap and Libertex (Forex Club) received 4 out of 5 stars for their mobile trading apps. However, Eightcap holds a slightly better ranking, positioned at #38 compared to Libertex's #48 out of 62 brokers analyzed by ForexBrokers.com. This slight edge might make Eightcap a preferable choice for users who value a more streamlined charting experience, especially with its auto-save feature for drawings. Overall, both platforms are equipped with features needed for effective mobile trading, making them worthy contenders in the mobile trading app space.
| Feature |
Eightcap
|
Libertex (Forex Club)
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | 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 Eightcap and Libertex for market research, Eightcap stands out by providing daily market commentary, which is a feature Libertex lacks. However, when it comes to receiving forex news from high-profile sources like Bloomberg and Reuters, Libertex takes the lead, while Eightcap does not offer these insights. Both platforms fall short in providing tools from companies like Autochartist and Trading Central, but Eightcap gives traders an edge with a sentiment-based trading tool, a feature unavailable with Libertex.
While both brokers provide an economic calendar to keep traders informed about global news events, Eightcap holds a slight advantage in market research, evidenced by its higher ForexBrokers.com rating of 3.5 stars compared to Libertex's 3 stars. Furthermore, Eightcap's research offerings are ranked 39th among 62 brokers, while Libertex trails behind at rank 60. This distinction highlights Eightcap’s relatively better position in fulfilling traders' research needs.
| Feature |
Eightcap
|
Libertex (Forex Club)
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When considering the educational resources for beginners, Eightcap and Libertex (Forex Club) both provide a solid foundation for learning about forex and CFDs. Eightcap shines with its wide array of educational materials, offering over ten beginner-focused videos and a searchable archive of past webinars, aiding newcomers in expanding their knowledge. Additionally, Eightcap provides an investor dictionary with over 50 terms, simplifying the learning curve for new traders. In contrast, Libertex supplies a decent collection of educational content but lacks some beginner-specific video aids and archived webinars, which might be essential for those just getting started.
Both platforms fall short when it comes to offering live monthly webinars, missing the opportunity to engage with learners in real-time. However, while Eightcap may not provide advanced educational video content for experienced traders, Libertex compensates with over ten advanced video materials catering to more seasoned investors. Despite these differences, Eightcap manages to edge out slightly with a 3.5-star education rating compared to Libertex’s 3-star. According to ForexBrokers.com, Eightcap ranks higher in the education category at #40 out of 62 brokers, whereas Libertex stands at #57, reflecting Eightcap's broader approach to beginner education.
| Feature |
Eightcap
|
Libertex (Forex Club)
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | No | Yes |
| Investor Dictionary (Glossary) | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that Eightcap is better than Libertex (Forex Club). Eightcap finished with an overall rank of #38, while Libertex (Forex Club) finished with an overall rank of #60.
Eightcap enhances its status as a MetaTrader-only broker with support for a suite of third-party plug-ins and access to Capitalise.ai’s algorithmic trading platform.
| Feature |
Eightcap
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Libertex (Forex Club)
|
|---|---|---|
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| Trust Score | 85 | 73 |
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Both Eightcap and Libertex (Forex Club) do not offer the ability to buy actual, delivered cryptocurrency, but they do provide options for purchasing cryptocurrency derivatives.
Eightcap and Libertex (Forex Club) both support PayPal, Skrill, and bank wire transfers for depositing or withdrawing funds, but while Eightcap also offers Visa or Mastercard, it does not provide ACH or SEPA transfers, which are available with Libertex (Forex Club).
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 | Eightcap | Libertex (Forex Club) | |
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| Trust Score | 85 | 73 | |
| Winner | check_circle | ||
| Review | Eightcap Review |
| Broker Screenshots | Eightcap | Libertex (Forex Club) | |
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| Regulation | Eightcap | Libertex (Forex Club) | |
|---|---|---|---|
| Trust Score | 85 | 73 | |
| Year Founded | 2009 | 1997 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 3 | 1 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | Eightcap | 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) | Yes | 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) | Eightcap | 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 | Eightcap | Libertex (Forex Club) | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 736 | 300 | |
| Forex Pairs (Total) | 56 | 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 | Eightcap | Libertex (Forex Club) | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.0 | N/A | |
| All-in Cost EUR/USD - Active | 0.76 | N/A | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Eightcap | 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 | Eightcap | 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 | Eightcap | 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 | Eightcap | Libertex (Forex Club) | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | 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 | Eightcap | Libertex (Forex Club) | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Eightcap | Libertex (Forex Club) | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | No | Yes | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | Eightcap | 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 | Eightcap Review |
| Overall | Eightcap | Libertex (Forex Club) | |
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| Trust Score | 85 | 73 | |
| Winner | check_circle | ||
| Review | Eightcap Review |
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