Written by ForexBrokers.com
In this head to head comparison of FP Markets 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.
FP Markets and Libertex (Forex Club) are two established online brokers catering to forex traders globally, yet they differ substantially in their regulatory credentials. Founded in 2005, FP Markets holds a ForexBrokers.com Trust Score of 89, categorizing it as a trusted broker. It boasts two Tier-1 licenses, indicating a high level of regulatory oversight, and one Tier-2 license. Despite not being a publicly traded company or a bank, FP Markets' solid regulatory status makes it a popular choice among traders seeking security and reliability.
In contrast, Libertex (Forex Club), established in 1997, holds a lower Trust Score of 73 from ForexBrokers.com, falling into the average-risk category. It carries only one Tier-1 license, offering less regulatory protection compared to FP Markets, and lacks Tier-2 licenses. Similar to FP Markets, Libertex is neither publicly listed nor a bank. Traders considering Libertex may wish to weigh its regulatory position against its history and other offerings while making their choice.
| Feature |
FP Markets
|
Libertex (Forex Club)
|
|---|---|---|
| Year Founded | 2005 | 1997 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
When comparing FP Markets to Libertex (Forex Club) in terms of commissions and fees, FP Markets stands out for its highly competitive pricing, especially with its commission-based ECN accounts available on MetaTrader and cTrader platforms. It earned Best in Class honors for Commissions and Fees in the 2024 Annual Awards and has secured a solid ranking at #6 out of 62 brokers, with a 5-star rating in this category. FP Markets offers a range of account types, such as the Raw ECN account with low average spreads of 0.1 pips and a flat commission rate of $6 per round-turn standard lot for forex trading. However, its more advanced Iress ViewPoint account is less affordable, mainly targeting active traders with high-balance accounts in Australia.
In contrast, Libertex (Forex Club) doesn’t provide average spread data, and its overall cost competitiveness doesn’t match FP Markets. As a result, it is ranked much lower at #61 out of 62 brokers and carries a 3-star rating for commissions and fees by ForexBrokers.com. The lack of detailed spread information and comparatively higher fees make Libertex a less attractive option for traders who prioritize cost efficiency.
Overall, FP Markets emerges as a strong choice for traders seeking low fees and competitive spreads, particularly through its ECN accounts. Its wide range of account options from standard to raw ECN caters to different trading needs, whereas Libertex (Forex Club) falls short in terms of transparency and cost-effectiveness.
| Feature |
FP Markets
|
Libertex (Forex Club)
|
|---|---|---|
| Minimum Deposit | $100 AUD | $10 |
| Average Spread EUR/USD - Standard | 1.2 | N/A |
| All-in Cost EUR/USD - Active | 0.7 | N/A |
| Active Trader or VIP Discounts | Yes | 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.
When comparing FP Markets to Libertex (Forex Club) in terms of available investment options, FP Markets stands out with significantly more choices. FP Markets offers forex trading both as CFDs and spot contracts, featuring an impressive selection of 10,000 tradeable symbols and 71 forex pairs. In contrast, Libertex provides access to 300 tradeable symbols and 51 forex pairs, also offering forex as CFDs and spot contracts. While neither broker allows for direct investment in exchange-traded securities on U.S. or international exchanges, both provide the opportunity for cryptocurrency trading through derivatives, though not in actual cryptocurrencies.
Both brokers support copy trading, allowing users to replicate the strategies of successful traders. However, FP Markets receives a higher rating for its range of investments, garnering 4.5 stars and ranking 18th out of 62 brokers according to ForexBrokers.com. Libertex, on the other hand, is rated at 3.5 stars and holds the 53rd position in the same category. These rankings reflect FP Markets’ broader array of tradeable symbols, making it a more attractive option for those seeking diverse investment opportunities.
| Feature |
FP Markets
|
Libertex (Forex Club)
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 300 |
| Forex Pairs (Total) | 71 | 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 online brokers FP Markets and Libertex (Forex Club) in terms of trading platforms and tools, both brokers provide promising options for traders. Each broker offers a proprietary platform, alongside popular choices like MetaTrader 4. FP Markets goes a step further by also supporting MetaTrader 5, while Libertex does not. Both platforms provide a free virtual demo account, facilitating simulated trading for beginners and experienced traders alike. Their platforms can be accessed via Windows-based desktop downloads or directly through web browsers, providing flexibility in trading. Furthermore, traders at FP Markets and Libertex can engage in copy trading, which allows users to mirror the trades of experienced investors, creating a potentially simpler way to engage with the market.
On the charting front, FP Markets and Libertex shine with options to trade directly from stock charts, keeping trading decisions straightforward. Libertex, however, takes the lead in drawing tools by offering 30, compared to 17 from FP Markets. Both brokers maintain a field count of seven for watch lists. Despite these similarities, FP Markets slightly edges out Libertex in rankings by ForexBrokers.com, placing 23 out of 62 brokers compared to Libertex's position of 50. Yet, both brokers share an identical rating of four out of five stars for their trading platforms and tools, highlighting their competitiveness and capability to meet trader expectations.
| Feature |
FP Markets
|
Libertex (Forex Club)
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | 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) | 17 | 30 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both FP Markets and Libertex (Forex Club) offer comprehensive mobile trading apps that are available on iPhone and Android devices, allowing traders to stay connected to the markets at all times. Both platforms provide important features like price alerts and the ability to draw trendlines. FP Markets delivers automatic saving of chart drawings while Libertex lacks this functionality. However, Libertex provides watchlist symbol syncing, seamlessly connecting your mobile app watchlists with your online account, which FP Markets does not offer.
In terms of technical tools, Libertex equips its users with 30 technical studies, whereas FP Markets relies on the default options available through MetaTrader. Users can view various time frames for charts on both apps, and each offers the capability to create watchlists with real-time quotes. Both platforms have received a four-star rating for their mobile trading apps, but FP Markets is ranked higher by ForexBrokers.com at #18, compared to Libertex at #48, suggesting that traders might find a more favorable mobile experience with FP Markets.
| Feature |
FP Markets
|
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 | MetaTrader (Default) | 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 market research capabilities, FP Markets demonstrates a stronger offering compared to Libertex (Forex Club). FP Markets provides daily market commentary and integrates high-quality news from leading sources similar to Bloomberg and Reuters. In addition, FP Markets enhances trading with technical and fundamental research tools from companies like Autochartist and Trading Central, which are not available at Libertex. For traders interested in market sentiment, FP Markets offers a sentiment-based trading tool displaying long or short positions across currency pairs, a feature that Libertex lacks. Both brokers provide an economic calendar to keep traders informed about crucial global news events.
In terms of research ratings, FP Markets scores 4 out of 5 stars, while Libertex receives 3 out of 5 stars. This difference is further highlighted in rankings by ForexBrokers.com, where FP Markets is positioned higher at #25 out of 62 brokers, whereas Libertex is ranked further down at #60. Despite some shared offerings, such as forex news from top-tier sources and economic calendars, FP Markets clearly stands out with its comprehensive suite of research tools and services compared to Libertex.
| Feature |
FP Markets
|
Libertex (Forex Club)
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | Yes | 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 comparing educational resources for beginners, FP Markets stands out as a compelling choice versus Libertex (Forex Club). Specifically tailored to cater to new traders, FP Markets provides an impressive array of educational materials that dive into the intricacies of forex and CFDs. These resources include over 10 educational pieces such as articles, videos, and archived webinars. For those seeking more engagement, FP Markets hosts monthly educational client webinars and maintains a searchable archive for on-demand learning. Beginners can also find a collection of over 10 videos focusing on trading topics, thoroughly designed to guide novice traders. Moreover, FP Markets offers an investor dictionary with definitions of more than 50 investing terms, simplifying the learning process for newcomers.
In contrast, Libertex also offers a suite of more than 10 educational pieces but does not match FP Markets in interactive offerings. Libertex does not conduct monthly webinars or provide a searchable archive of recorded sessions. While beginner-focused content is lacking, advanced traders can still find value in Libertex's library of advanced educational videos. However, the absence of an extensive investor dictionary limits the learning opportunities for newcomers at Libertex. With these considerations, FP Markets earns a higher rating of four stars, as compared to Libertex's three stars, placing FP Markets in the 23rd position among 62 brokers in the Education category, while Libertex comes in at 57th according to ForexBrokers.com.
| Feature |
FP Markets
|
Libertex (Forex Club)
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | 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 FP Markets is better than Libertex (Forex Club). FP Markets finished with an overall rank of #19, while Libertex (Forex Club) finished with an overall rank of #60.
FP Markets shines as a low-cost broker for trading forex and CFDs – as long as you use the MetaTrader platform. The Iress platform suite offers well over 9,000 tradeable symbols, but it’s mostly a share trading platform – and is generally a much pricier option.
| Feature |
FP Markets
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Libertex (Forex Club)
|
|---|---|---|
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| Trust Score | 89 | 73 |
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Both FP Markets and Libertex (Forex Club) provide opportunities for trading cryptocurrency derivatives without the option to purchase actual, delivered cryptocurrencies.
In comparing the deposit and withdrawal options between online brokers FP Markets and Libertex (Forex Club), FP Markets supports PayPal, Skrill, Visa, Mastercard, and bank wires, but not ACH or SEPA transfers, whereas Libertex (Forex Club) offers ACH and SEPA transfers, PayPal, Skrill, and bank wires, but lacks support for Visa or Mastercard transactions.
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 | FP Markets | Libertex (Forex Club) | |
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| Trust Score | 89 | 73 | |
| Winner | check_circle | ||
| Review | FP Markets Review |
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| Regulation | FP Markets | Libertex (Forex Club) | |
|---|---|---|---|
| Trust Score | 89 | 73 | |
| Year Founded | 2005 | 1997 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | FP Markets | 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) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | FP Markets | Libertex (Forex Club) | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | FP Markets | Libertex (Forex Club) | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 300 | |
| Forex Pairs (Total) | 71 | 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 | FP Markets | Libertex (Forex Club) | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.2 | N/A | |
| All-in Cost EUR/USD - Active | 0.7 | N/A | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | FP Markets | Libertex (Forex Club) | |
|---|---|---|---|
| Minimum Deposit | $100 AUD | $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 | FP Markets | Libertex (Forex Club) | |
|---|---|---|---|
| Proprietary Platform | Yes | 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 | Yes | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | FP Markets | 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) | 17 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FP Markets | 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 | MetaTrader (Default) | 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 | FP Markets | Libertex (Forex Club) | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | FP Markets | Libertex (Forex Club) | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | Yes | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | FP Markets | 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 | FP Markets Review |
| Overall | FP Markets | Libertex (Forex Club) | |
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| Trust Score | 89 | 73 | |
| Winner | check_circle | ||
| Review | FP Markets Review |
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