Written by ForexBrokers.com
In this head to head comparison of FXGT.com 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 2019, FXGT.com offers a relatively new entrance to the world of online brokerage compared to Libertex (Forex Club), which was established in 1997. Both brokers are privately held and do not trade publicly on any stock exchange. They also share a non-banking status, focusing solely on providing brokerage services rather than expanding into banking operations. In terms of regulatory strength, FXGT.com and Libertex each hold one Tier-1 license, indicating a high level of trust according to industry standards. However, FXGT.com has an additional Tier-2 license, while Libertex holds none.
When evaluating their trustworthiness based on ForexBrokers.com ratings, FXGT.com holds a Trust Score of 69, which places it in the high-risk category. In contrast, Libertex (Forex Club) achieves a slightly better score of 73, categorizing it under average risk. This rating difference reflects a minor disparity in perceived safety, possibly providing a more reliable option for those looking for long-established brokerage services.
| Feature |
FXGT.com
|
Libertex (Forex Club)
|
|---|---|---|
| Year Founded | 2019 | 1997 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 0 |
When comparing FXGT.com and Libertex (Forex Club) in terms of online trading commissions and fees, both brokers offer distinct features that cater to different trading needs. FXGT.com receives a rating of 3.5 stars out of 5 for commissions and fees, placing it at rank 55 among 62 brokers reviewed by ForexBrokers.com. While specific average spread data is unavailable, FXGT.com is recognized for providing traders with competitive pricing options that suit a variety of trading styles.
On the other hand, Libertex (Forex Club) is rated slightly lower with 3 stars out of 5 for its commissions and fees, and it ranks 61 out of 62 brokers in the same category according to ForexBrokers.com. Although average spread data is not disclosed, Libertex is known for offering a simplified fee structure, which can appeal to traders looking for transparency in cost calculation.
In conclusion, while FXGT.com seems to provide a more favorable balance between cost and features, Libertex offers its own set of advantages for those prioritizing ease of understanding fees. Both platforms give traders different approaches to handling commissions and costs in their trading journey.
| Feature |
FXGT.com
|
Libertex (Forex Club)
|
|---|---|---|
| Minimum Deposit | $5 | $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 | Yes | Yes |
| PayPal (Deposit/Withdraw) | No | Yes |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | No |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing the range of investments between FXGT.com and Libertex (Forex Club), both platforms provide opportunities for forex trading as CFDs or spot contracts. FXGT.com offers a total of 117 tradeable symbols, among which are 53 forex pairs. Libertex, on the other hand, provides a larger selection with 300 tradeable symbols and 51 forex pairs. Neither broker offers exchange-traded securities, whether on U.S. or international exchanges, which means users cannot directly buy shares like Apple or Vodafone through these platforms.
In terms of cryptocurrency, both brokers allow for the trading of cryptocurrency derivatives but not the actual cryptocurrencies themselves. Both FXGT.com and Libertex also offer copy trading features. Overall, for range of investments, FXGT.com earns a rating of 3 stars and ranks #60 out of 62 brokers, while Libertex is slightly ahead with a 3.5-star rating and ranks #53 in the same category. These factors make Libertex the preferred choice for those seeking more variety in their investment options.
| Feature |
FXGT.com
|
Libertex (Forex Club)
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 117 | 300 |
| Forex Pairs (Total) | 53 | 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 FXGT.com and Libertex (Forex Club), both brokers provide similar functionalities, yet some key differences make each unique. Both offer free virtual demo accounts—an excellent option for beginners to practice trading without real financial risk. While FXGT.com leverages third-party platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5), Libertex boasts a proprietary platform developed in-house, albeit only supporting MT4. Both brokers offer Windows-based desktop download and web-based trading platforms, satisfying traders who value flexibility in accessing their accounts. In terms of charting, Libertex stands out with 30 drawing tools, whereas FXGT.com offers 23. Both platforms allow trading directly from stock charts and cater to social traders with copy trading features.
When it comes to managing watch lists, Libertex provides more customization options with seven fields compared to FXGT.com's five. Despite these differences, both brokers share a commendable rating of 4 stars for their trading platforms and tools, according to ForexBrokers.com reviews. However, in the overall ranking for trading platforms and tools, Libertex is placed slightly higher at 50 out of 62 brokers, while FXGT.com sits at position 56. Whether you prefer the additional customization of Libertex or the enhanced MT5 capabilities of FXGT.com, your choice will depend on which features align better with your trading style and needs.
| Feature |
FXGT.com
|
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) | 37 | 15 |
| Charting - Drawing Tools (Total) | 23 | 30 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 5 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
FXGT.com and Libertex (Forex Club) both offer iPhone and Android apps, providing convenience for traders on the go. They allow users to set price alerts and sync watchlists across devices, ensuring seamless tracking of market changes. Each app supports 30 technical studies for charting, as well as the ability to draw trendlines and view charts in multiple time frames, such as daily or weekly. While FXGT.com's app automatically saves chart drawings, Libertex's does not, which could be a consideration for users who emphasize this feature.
Both apps feature watchlists with real-time quotes, keeping traders informed with the latest market data. Despite these similarities, Libertex's mobile trading app is slightly more favored, earning a rating of 4 stars compared to FXGT.com's 3.5 stars. In terms of ranking among 62 brokers by ForexBrokers.com, Libertex stands at #48, whereas FXGT.com is positioned at #58, indicating a preference for Libertex within the industry. These distinctions highlight Libertex's edge in overall user satisfaction and app performance.
| Feature |
FXGT.com
|
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 the market research offerings of FXGT.com and Libertex (Forex Club), there are similarities and distinct differences. Both brokers do not provide daily market commentary, and neither offers tools from Autochartist or Trading Central. However, Libertex stands out by providing forex news from top-tier sources such as Bloomberg and Reuters, while FXGT.com does not offer this feature. On the other hand, FXGT.com provides a sentiment-based trading tool, which displays the ratio of long or short positions across currency pairs—a feature that is absent from Libertex. Both platforms offer an economic calendar to keep up with global news events, contributing equally to their research capabilities, earning them each a research rating of 3 stars.
Despite their identical ratings, differences in specific offerings influence their standings. FXGT.com ranks slightly higher at #56, compared to Libertex's ranking of #60 among 62 brokers evaluated for research by ForexBrokers.com. While both platforms may cater to certain trading needs, distinctions in research tools and resources determine their appeal to individual traders. Whether you prioritize access to top-tier forex news or sentiment-based analysis tools, understanding these elements can guide your choice between FXGT.com and Libertex for your forex trading needs.
| Feature |
FXGT.com
|
Libertex (Forex Club)
|
|---|---|---|
| Daily Market Commentary | No | 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 comparing FXGT.com and Libertex (Forex Club) in terms of educational resources for beginners, each platform brings unique offerings to the table. Libertex provides a comprehensive learning experience with more than 10 educational pieces, such as articles and videos, focusing on forex and CFDs. However, it does not include online educational webinars or a searchable archive of recorded sessions. On the other hand, FXGT.com lacks these educational materials but does offer an investor dictionary with over 50 investing terms, which can be particularly helpful for new traders looking to understand trading jargon.
Both platforms have room for improvement in beginner-focused video content, with neither offering a solid library tailored specifically for novices. While Libertex includes advanced educational videos, FXGT.com does not, making it less helpful for traders looking to advance their skills beyond the basics. Despite their varying resources, both brokers receive the same education rating of three out of five stars. Still, according to ForexBrokers.com, Libertex slightly edges out FXGT.com, ranking 57th compared to FXGT.com's 59th place in the Education category among 62 brokers.
| Feature |
FXGT.com
|
Libertex (Forex Club)
|
|---|---|---|
| Education (Forex or CFDs) | No | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | 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 62 of the best forex brokers, our research and account testing finds that FXGT.com is better than Libertex (Forex Club). FXGT.com finished with an overall rank of #58, while Libertex (Forex Club) finished with an overall rank of #60.
FXGT.com is a plain vanilla MetaTrader-only broker offering a narrow range of markets alongside a decent number of crypto CFDs and platform plugins. This broker lacks robust market research and educational resources beyond a few ebooks and some basic sentiment data. FXGT.com’s small number of regulatory licenses brings down its overall Trust Score. It’s also worth noting that, though FXGT.com is regulated in the EU, retail clients are not accepted in that region.
| Feature |
FXGT.com
|
Libertex (Forex Club)
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 69 | 73 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platform & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
Both FXGT.com and Libertex (Forex Club) do not provide the option to purchase actual, delivered cryptocurrencies, but they do offer the ability to trade cryptocurrency derivatives.
When comparing the online brokers FXGT.com and Libertex (Forex Club), both offer ACH and SEPA transfers as well as bank wires for deposits and withdrawals, however, FXGT.com supports Visa and Mastercard while Libertex includes PayPal and Skrill in their payment options.
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 | FXGT.com | Libertex (Forex Club) | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platform & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 69 | 73 | |
| Winner | check_circle | ||
| Review |
| Broker Screenshots | FXGT.com | Libertex (Forex Club) | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) |
| ||
| Mobile Trading Gallery (click to expand) |
| ||
| Research Gallery (click to expand) |
| ||
| Education Gallery (click to expand) |
|
| Regulation | FXGT.com | Libertex (Forex Club) | |
|---|---|---|---|
| Trust Score | 69 | 73 | |
| Year Founded | 2019 | 1997 | |
| 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 | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 0 |
| Tier-1 Licenses (Highly Trusted) | FXGT.com | Libertex (Forex Club) | |
|---|---|---|---|
| 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) | 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) | FXGT.com | 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 | FXGT.com | Libertex (Forex Club) | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 117 | 300 | |
| Forex Pairs (Total) | 53 | 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 | FXGT.com | 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 | No | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | FXGT.com | Libertex (Forex Club) | |
|---|---|---|---|
| Minimum Deposit | $5 | $10 | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | No | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | Yes |
| Trading Platforms | FXGT.com | 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 | FXGT.com | Libertex (Forex Club) | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 5 | 7 | |
| Charting - Indicators / Studies (Total) | 37 | 15 | |
| Charting - Drawing Tools (Total) | 23 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FXGT.com | 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 | FXGT.com | Libertex (Forex Club) | |
|---|---|---|---|
| Daily Market Commentary | No | 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 | FXGT.com | Libertex (Forex Club) | |
|---|---|---|---|
| Education (Forex or CFDs) | No | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | No | No | |
| Videos - Advanced Trading Videos | No | Yes | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | FXGT.com | 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 |
| Overall | FXGT.com | Libertex (Forex Club) | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platform & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 69 | 73 | |
| Winner | check_circle | ||
| Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill