Written by ForexBrokers.com
In this head to head comparison of FXCM 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.
Founded in 1999, FXCM is an online broker known for its strong regulatory standing and trustworthiness in the financial trading industry. As a publicly traded company, FXCM is transparent with its operations and holds four Tier-1 regulatory licenses, which significantly contribute to its high Trust Score rating of 95 out of 99 by ForexBrokers.com. Additionally, FXCM possesses two Tier-2 licenses, strengthening its position as a highly secure platform for traders. Despite not being a bank, FXCM's compliance with stringent regulations offers its users assurance in their trading activities.
Established in 1997, Libertex, also known as Forex Club, offers a trusted trading experience but holds fewer regulatory credentials compared to FXCM. While not publicly traded, Libertex operates under one Tier-1 license, which corresponds with its Trust Score rating of 73, identifying it as having an average risk according to ForexBrokers.com. With no Tier-2 licenses, Libertex may provide less regulatory coverage than its counterpart, yet it remains a reliable choice for those seeking a solid, well-regulated online trading service.
| Feature |
FXCM
|
Libertex (Forex Club)
|
|---|---|---|
| Year Founded | 1999 | 1997 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 4 | 1 |
| Tier-2 Licenses | 2 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 0 |
When comparing the online brokers FXCM and Libertex (Forex Club) based on their commissions and fees, a few key differences emerge. FXCM is rated 4 out of 5 stars, placing it at rank 24 out of 62 brokers in the Commissions and Fees category by ForexBrokers.com. While FXCM's forex trading costs are slightly above the industry average, they offer competitive spreads for commission-based accounts with an average of 0.28 pips, excluding commissions, as of May 2024. Standard account holders might encounter higher spreads, especially with FXCM's St. Vincent and the Grenadines entity. FXCM also features an Active Trader Rebate Program, which provides tiered discounts depending on trading volume, but this program is not available in the U.K. or EU.
In contrast, Libertex (Forex Club) scores 3 out of 5 stars, ranking significantly lower at 61 out of 62 brokers for commissions and fees. Unfortunately, there is a lack of average spread data available for Libertex, which makes direct comparison more challenging. Although Libertex trails behind FXCM in terms of ranking and rating, traders might still find value depending on their specific trading needs and conditions.
Overall, FXCM tends to offer better pricing to active traders who can take advantage of its rebate program, though its overall costs may exceed the industry averages. Libertex, while ranked lower, might still appeal to certain traders. Prospective users should consider these factors alongside their trading habits and region-specific offers before making a decision.
| Feature |
FXCM
|
Libertex (Forex Club)
|
|---|---|---|
| Minimum Deposit | Starts from $50 | $10 |
| Average Spread EUR/USD - Standard | 0.78 | N/A |
| All-in Cost EUR/USD - Active | 0.78 | N/A |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | Yes | 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.
FXCM and Libertex (Forex Club) both offer forex trading through CFDs or spot contracts, making them viable choices for those interested in currency markets. FXCM provides access to 440 tradable symbols compared to Libertex's 300. However, when it comes to forex pairs, Libertex takes the lead with 51 options, while FXCM offers 43. Neither platform allows trading of exchange-traded securities on U.S. or international exchanges, which means that traditional stock trading (such as buying Apple or Vodafone shares) isn't available directly through either broker.
For cryptocurrency enthusiasts, both brokers offer cryptocurrency derivatives but not the option to buy actual cryptocurrencies. FXCM and Libertex also integrate copy trading features, allowing users to follow and replicate successful trades. From a rating perspective, both are rated 3.5 stars for their range of investments. Despite this, FXCM is ranked slightly higher in this category by ForexBrokers.com, holding the 47th position out of 62 brokers, while Libertex lands at 53rd.
| Feature |
FXCM
|
Libertex (Forex Club)
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 440 | 300 |
| Forex Pairs (Total) | 43 | 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.
FXCM and Libertex (Forex Club) both offer traders an extensive range of platforms and tools. Each broker provides a proprietary trading platform developed in-house, and users can choose to trade on a Windows-based desktop platform or a web-based version that runs directly in their browser. For those interested in practicing their strategies without risk, both FXCM and Libertex offer free virtual demo accounts. Additionally, both brokers support MetaTrader 4 for those who favor this widely-used trading platform, although neither supports MetaTrader 5 or DupliTrade. FXCM further extends its offering by supporting ZuluTrade for copy trading, which Libertex does not provide.
When it comes to charting tools, FXCM and Libertex also offer different features. While FXCM offers 10 drawing tools, Libertex extends this to 30, giving users more options for technical analysis. Both brokers allow trades to be executed directly from stock charts, providing a seamless trading experience. Concerning watch lists, FXCM offers 13 fields for customization as compared to Libertex's 7. In terms of ratings, FXCM stands out with a 5-star rating and is ranked 6th out of 62 brokers by ForexBrokers.com for Trading Platforms and Tools, while Libertex scores 4 stars and ranks 50th, showcasing FXCM's stronger position in this category.
| Feature |
FXCM
|
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) | No | No |
| DupliTrade | No | No |
| ZuluTrade | Yes | No |
| Charting - Indicators / Studies (Total) | 115 | 15 |
| Charting - Drawing Tools (Total) | 10 | 30 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 13 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading, both FXCM and Libertex (Forex Club) offer fully functional apps for iPhone and Android devices. Each app provides essential features like stock and forex price alerts, and the ability to sync watchlists with a client's online account. Both platforms also allow users to draw trendlines and view different time frames, such as daily or intraday, on their charts. However, FXCM sets itself apart by offering 59 technical studies for charting compared to Libertex's 30. Additionally, FXCM's app auto-saves drawings on charts, a feature absent in Libertex's offering.
FXCM’s mobile app has received a commendable user rating of 4.5 out of 5 stars, in contrast to Libertex's 4-star rating. This distinction is also reflected in their rankings by ForexBrokers.com, where FXCM secures the 16th spot out of 62 brokers for mobile trading apps, while Libertex is ranked 48th. Both brokers allow users to create watchlists with real-time quotes, ensuring that traders can make timely decisions. Despite their similarities, the enhanced charting tools and user rating highlight FXCM as a more preferred choice for mobile trading enthusiasts.
| Feature |
FXCM
|
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 | 59 | 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 it comes to market research, FXCM stands out with a comprehensive suite of resources, including daily market commentary and forex news from reputable sources like Bloomberg and Reuters. FXCM also offers robust tools such as Trading Central’s Technical Analytics, a sentiment-based trading tool, and market insights from TipRanks. While both FXCM and Libertex provide economic calendars, FXCM’s additional offerings enhance its appeal to traders seeking detailed research support.
Libertex, on the other hand, supplies forex news from top-tier sources similar to FXCM. However, it falls short compared to FXCM in several research areas. It lacks offerings like daily market commentary, sentiment-based trading tools, and access to Trading Central’s analysis. These differences are reflected in FXCM’s higher research rating of 4.5 stars and a superior ranking of 11th out of 62 brokers on ForexBrokers.com, whereas Libertex receives a rating of 3 stars and is ranked 60th in the same category.
| Feature |
FXCM
|
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 | Yes | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational resources of FXCM and Libertex (Forex Club) for beginners, FXCM clearly stands out. Both brokers provide a solid base of educational content on forex and CFDs with at least 10 articles, videos, or webinars focused on this subject. However, FXCM excels by offering monthly live webinars and a searchable archive of past recordings, features not available with Libertex. Beginners can also benefit from FXCM's extensive video collection tailored specifically to newcomers, while Libertex falls short in this area. Additionally, FXCM offers an investor dictionary with over 50 defined terms, providing an excellent resource for those new to trading.
Advanced traders will find useful materials at both brokers, as each offers at least 10 video tutorials for more experienced investors. Despite this, FXCM is notably better-rated for its educational resources, earning a 4.5-star rating compared to Libertex's 3 stars. Moreover, FXCM holds the 14th position in educational offerings out of 62 brokers ranked by ForexBrokers.com, a significant difference from Libertex's ranking at 57. For beginners seeking a comprehensive educational experience, FXCM proves to be the superior choice with its wide range of learning tools and resources.
| Feature |
FXCM
|
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 FXCM is better than Libertex (Forex Club). FXCM finished with an overall rank of #15, while Libertex (Forex Club) finished with an overall rank of #60.
For traders who appreciate advanced trading tools and quality market research, FXCM is a winner, especially for algorithmic trading. Its range of tradeable markets is fairly narrow, however, and the pricing at FXCM is just average.
| Feature |
FXCM
|
Libertex (Forex Club)
|
|---|---|---|
| Overall Rating |
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| Trust Score | 95 | 73 |
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Both FXCM and Libertex (Forex Club) do not provide the option to purchase actual (delivered) cryptocurrencies, but they both offer the ability to buy cryptocurrency derivatives instead.
Both FXCM and Libertex (Forex Club) facilitate deposits and withdrawals via ACH or SEPA transfers, PayPal, Skrill, and bank wires, but only FXCM supports transactions using Visa or Mastercard, providing broader payment method flexibility compared to Libertex.
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 | FXCM | Libertex (Forex Club) | |
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| Trust Score | 95 | 73 | |
| Winner | check_circle | ||
| Review | FXCM Review |
| Broker Screenshots | FXCM | Libertex (Forex Club) | |
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| Regulation | FXCM | Libertex (Forex Club) | |
|---|---|---|---|
| Trust Score | 95 | 73 | |
| Year Founded | 1999 | 1997 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 4 | 1 | |
| Tier-2 Licenses | 2 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 0 |
| Tier-1 Licenses (Highly Trusted) | FXCM | Libertex (Forex Club) | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | Yes | 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) | FXCM | Libertex (Forex Club) | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | Yes | 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 | FXCM | Libertex (Forex Club) | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 440 | 300 | |
| Forex Pairs (Total) | 43 | 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 | FXCM | Libertex (Forex Club) | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.78 | N/A | |
| All-in Cost EUR/USD - Active | 0.78 | N/A | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | FXCM | Libertex (Forex Club) | |
|---|---|---|---|
| Minimum Deposit | Starts from $50 | $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 | Yes | Yes |
| Trading Platforms | FXCM | 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) | No | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | Yes | No |
| Trading Tools | FXCM | Libertex (Forex Club) | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 13 | 7 | |
| Charting - Indicators / Studies (Total) | 115 | 15 | |
| Charting - Drawing Tools (Total) | 10 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FXCM | 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 | 59 | 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 | FXCM | Libertex (Forex Club) | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | Yes | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | FXCM | 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 | FXCM | 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 | FXCM Review |
| Overall | FXCM | Libertex (Forex Club) | |
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| Trust Score | 95 | 73 | |
| Winner | check_circle | ||
| Review | FXCM Review |
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