Written by ForexBrokers.com
In this head to head comparison of ThinkMarkets 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.
ThinkMarkets, established in 2010, holds a strong position in the online brokerage space with an impressive ForexBrokers.com Trust Score of 92, indicating a high level of trust. Despite not being publicly traded or a bank, ThinkMarkets secures its reputation with 5 Tier-1 licenses and 2 Tier-2 licenses. This regulatory backing ensures clients have confidence in their services, classifying ThinkMarkets as a reliable choice for online trading.
In comparison, Libertex (Forex Club), operating since 1997, holds a Trust Score of 73, placing it in the average risk category. While also not publicly traded or a bank, Libertex's regulatory strength comes with 1 Tier-1 license, aligning with a modest level of investor trustworthiness. With its longer market presence, Libertex continues to serve traders but carries a higher risk perception compared to ThinkMarkets.
| Feature |
ThinkMarkets
|
Libertex (Forex Club)
|
|---|---|---|
| Year Founded | 2010 | 1997 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 5 | 1 |
| Tier-2 Licenses | 2 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 3 | 0 |
When comparing ThinkMarkets to Libertex (Forex Club) based on commissions and fees, ThinkMarkets emerges as the more favorable option. ThinkMarkets receives a solid 4-star rating in the commissions and fees category, placing it at a rank of 48 out of 62 brokers as evaluated by ForexBrokers.com. While specific average spread data is not provided, ThinkMarkets is appreciated for offering a competitive fee structure that attracts many traders looking for value.
Libertex (Forex Club), on the other hand, scores 3 out of 5 stars for its commissions and fees, ranking at 61 out of 62 brokers. Despite the lack of specific average spread data, Libertex tends to have a less competitive cost setup when compared to ThinkMarkets. This positioning could lead traders who are highly cost-conscious to seek alternatives for their trading needs.
In summary, based on available information, ThinkMarkets offers a more cost-effective solution for traders focusing on minimizing trading expenses. With a higher star rating and better rank, it stands out over Libertex in the commissions and fees category, making it a more appealing choice for budget-conscious individuals engaging in online trading.
| Feature |
ThinkMarkets
|
Libertex (Forex Club)
|
|---|---|---|
| Minimum Deposit | $50 | $10 |
| Average Spread EUR/USD - Standard | 1.1 | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | No | Yes |
| PayPal (Deposit/Withdraw) | No | 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.
ThinkMarkets and Libertex (Forex Club) both offer forex trading through CFDs or spot contracts, allowing traders to explore the potential of currency markets. ThinkMarkets excels with an impressive 4,000 tradeable symbols, dwarfing Libertex's 300 options, giving traders broader possibilities for portfolio diversification. While ThinkMarkets provides 46 forex pairs compared to Libertex’s 51, it manages to outshine by offering exchange-traded securities on international exchanges, a feature Libertex lacks entirely. Neither broker provides access to U.S. exchange-traded shares or actual cryptocurrencies, but both support trading in cryptocurrency derivatives, adding another layer for enthusiastic digital asset traders.
Beyond the sheer number of options, ThinkMarkets adds further value with copy trading services, also available at Libertex, allowing less experienced traders to mimic the strategies of seasoned pros. When it comes to range of investments, ThinkMarkets scores a commendable 4.5 out of 5 stars, earning it the 21st spot out of 62 brokers ranked by ForexBrokers.com. On the other hand, Libertex garners a 3.5-star rating, placing it at 53rd in the same ranking, reflecting ThinkMarkets’ broader investment offerings and an edge in meeting diverse trading needs.
| Feature |
ThinkMarkets
|
Libertex (Forex Club)
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 4000 | 300 |
| Forex Pairs (Total) | 46 | 51 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | Yes | 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 ThinkMarkets and Libertex (Forex Club), both brokers shine in several areas but also exhibit some differences. Each offers simulated trading with free virtual demo accounts, allowing traders to practice without risk. Both brokers have developed proprietary platforms in-house and provide Windows-based desktop download options, as well as web-based trading platforms accessible through browsers. Features like copy trading and MetaTrader 4 are also supported by both, while ThinkMarkets goes a step further by offering MetaTrader 5, which Libertex does not. Neither broker supports DupliTrade or ZuluTrade.
Charting capabilities reveal further contrasts: while ThinkMarkets offers 15 drawing tools, Libertex provides a more extensive selection with 30 tools. Both platforms allow trading directly from stock charts, making for a seamless user experience. Watch lists also differ, as ThinkMarkets provides 15 columns for fields compared to Libertex's seven, giving traders more customization options. Rated four out of five stars for their platforms and tools, ThinkMarkets holds a stronger position, ranked at #27 by ForexBrokers.com, while Libertex is ranked at #50, suggesting ThinkMarkets might have a slight edge in overall platform offerings and features.
| Feature |
ThinkMarkets
|
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) | 15 | 30 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 15 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
ThinkMarkets and Libertex (Forex Club) both offer comprehensive mobile apps for iPhone and Android users, allowing traders to access their platforms with ease. Both apps provide essential features like stock and forex price alerts, and the ability to draw trendlines on charts. Users can also view multiple time frames, such as daily or weekly, ensuring a detailed analysis of their trading options. However, while ThinkMarkets does not support syncing watchlists across platforms, Libertex has integrated this feature to seamlessly link mobile and online accounts.
When it comes to technical charting capabilities, ThinkMarkets takes the lead with 94 technical studies available in its mobile app, compared to Libertex's 30. Additionally, ThinkMarkets’ app automatically saves chart drawings, offering a more user-friendly experience, while Libertex lacks this functionality. Both apps allow the creation of watchlists with real-time quotes, making tracking market changes simple and effective. In terms of ratings, both platforms score equally at four out of five stars for their mobile trading apps. However, according to ForexBrokers.com, ThinkMarkets ranks significantly higher at number 20 out of 62 brokers, compared to Libertex's ranking of number 48, indicating a slight edge in overall mobile app performance.
| Feature |
ThinkMarkets
|
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 | 94 | 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 ThinkMarkets and Libertex (Forex Club) for market research offerings, ThinkMarkets stands out with daily market commentary and a selection of forex news from high-profile sources such as Bloomberg and Reuters. While both brokers provide essential forex news analysis from top-tier sources, ThinkMarkets also offers unique advantages, like a sentiment-based trading tool that reveals the ratio of long or short positions across currency pairs. Additionally, ThinkMarkets provides research tools from Acuity Trading, enhancing the insight available to traders.
On the other hand, Libertex (Forex Club) matches ThinkMarkets with the provision of forex news and an economic calendar but lacks in areas where ThinkMarkets provides added value, such as exclusive market commentary and advanced sentiment tools. It's important to note that neither broker offers research tools from companies like Autochartist or Trading Central. When assessed by ForexBrokers.com, ThinkMarkets received a 3.5-star rating, placing it at #50 for research among 62 brokers, whereas Libertex scored slightly lower with a 3-star rating and a rank of #60.
| Feature |
ThinkMarkets
|
Libertex (Forex Club)
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | Yes | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, both ThinkMarkets and Libertex (Forex Club) offer a solid foundation with over 10 pieces of educational content focused on forex and CFDs. However, ThinkMarkets stands out with its monthly online webinars for clients, which Libertex does not provide. For those who prefer learning through videos, ThinkMarkets offers a wider selection specifically made for beginners, while both platforms cater to advanced traders with their video content.
Another advantage of ThinkMarkets is its searchable archive of past webinars, making it easier for learners to access previously recorded sessions. Additionally, they provide an investor dictionary with over 50 investing terms, an offering not found with Libertex. With these extra tools, ThinkMarkets earns a rating of 3.5 stars for education compared to Libertex's 3 stars. Overall, ThinkMarkets ranks higher in the education category among brokers, holding the 52nd spot versus Libertex’s 57th.
| Feature |
ThinkMarkets
|
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 ThinkMarkets is better than Libertex (Forex Club). ThinkMarkets finished with an overall rank of #27, while Libertex (Forex Club) finished with an overall rank of #60.
ThinkMarkets has multiple regulatory license and offers a proprietary trading platform, as well as the entire MetaTrader suite. The broker has made progress in key areas, such as research and education, and the range of markets available, although trails behind the best brokers in these categories.
| Feature |
ThinkMarkets
|
Libertex (Forex Club)
|
|---|---|---|
| Overall Rating |
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| Trust Score | 92 | 73 |
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Both ThinkMarkets and Libertex (Forex Club) do not provide the option to purchase actual (delivered) cryptocurrency, yet each offers the capability to trade in cryptocurrency derivatives.
When comparing ThinkMarkets to Libertex (Forex Club) for deposit and withdrawal options, ThinkMarkets lacks ACH or SEPA transfers and PayPal support but offers Visa/Mastercard, Skrill, and bank wires, whereas Libertex supports ACH/SEPA transfers and PayPal but does not accept Visa/Mastercard, while both offer Skrill and bank wire 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.
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0 of 5| Overall Rating | ThinkMarkets | Libertex (Forex Club) | |
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| Trust Score | 92 | 73 | |
| Winner | check_circle | ||
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| Broker Screenshots | ThinkMarkets | Libertex (Forex Club) | |
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| Regulation | ThinkMarkets | Libertex (Forex Club) | |
|---|---|---|---|
| Trust Score | 92 | 73 | |
| Year Founded | 2010 | 1997 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 5 | 1 | |
| Tier-2 Licenses | 2 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 3 | 0 |
| Tier-1 Licenses (Highly Trusted) | ThinkMarkets | Libertex (Forex Club) | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | Yes | 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) | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | ThinkMarkets | Libertex (Forex Club) | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | ThinkMarkets | Libertex (Forex Club) | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 4000 | 300 | |
| Forex Pairs (Total) | 46 | 51 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | Yes | 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 | ThinkMarkets | Libertex (Forex Club) | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.1 | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | ThinkMarkets | Libertex (Forex Club) | |
|---|---|---|---|
| Minimum Deposit | $50 | $10 | |
| PayPal (Deposit/Withdraw) | No | 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 | ThinkMarkets | 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 | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | ThinkMarkets | Libertex (Forex Club) | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 15 | 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 | ThinkMarkets | 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 | 94 | 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 | ThinkMarkets | Libertex (Forex Club) | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | ThinkMarkets | 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 | ThinkMarkets | 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 | ThinkMarkets | Libertex (Forex Club) | |
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| Trust Score | 92 | 73 | |
| Winner | check_circle | ||
| Review |
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