Written by ForexBrokers.com
In this head to head comparison of TMGM 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.
TMGM, established in 2013, and Libertex (Forex Club), founded in 1997, are two prominent online brokers that offer trading services but are not publicly traded or banks. In terms of regulatory standing, TMGM boasts a stronger position, holding 2 Tier-1 licenses, which are highly trusted according to ForexBrokers.com. In comparison, Libertex (Forex Club) holds 1 Tier-1 license. This regulatory advantage is reflected in their Trust Score ratings, with TMGM scoring an 83, categorizing it as trusted, while Libertex (Forex Club) has a score of 73, denoting an average risk level.
Despite their differences in regulatory credentials and trust scores, both TMGM and Libertex (Forex Club) have carved a niche in the online trading sphere. Neither broker holds Tier-2 licenses, which shows a focus on maintaining relevant high-level regulatory coverage. Investors and traders might consider these factors when choosing between the two, as TMGM’s regulatory framework could offer more reassurance for those prioritizing security and trust.
| Feature |
TMGM
|
Libertex (Forex Club)
|
|---|---|---|
| Year Founded | 2013 | 1997 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 0 |
When comparing TMGM to Libertex (Forex Club) for their commissions and fees, TMGM stands out with competitive commission rates, particularly with its Edge account. Traders using the Edge account benefit from low spreads and a small commission fee of $3.50 per side, or $7 per round trip. Unfortunately, recent average spread data for the EUR/USD is not readily available for a detailed cost analysis. On the other hand, TMGM also offers a Classic account option with spreads only, but the Edge account remains the preferable choice for cost-conscious traders. Furthermore, TMGM accommodates Islamic finance customers with its Edge account, offering swap-free options needed for Sharia compliance.
Libertex (Forex Club), in contrast, does not provide average spread data, limiting the ability to fully evaluate trading costs. This information gap makes a side-by-side cost comparison with TMGM challenging. When it comes to overall user ratings, TMGM scores 4 out of 5 stars while Libertex achieves 3 out of 5 stars in the commissions and fees category.
In terms of rankings by ForexBrokers.com, TMGM is placed at #35 out of 62 brokers for commissions and fees, indicating a reasonable standing within the industry. Libertex, however, ranks much lower at #61, highlighting TMGM as the stronger choice between the two when prioritizing commission and fee structures. These evaluations make TMGM a more attractive option for traders focused on minimizing trading costs.
| Feature |
TMGM
|
Libertex (Forex Club)
|
|---|---|---|
| Minimum Deposit | $100 | $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 | 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 it comes to the range of investments available, TMGM and Libertex (Forex Club) both offer forex trading through CFDs or spot contracts, giving traders the ability to access the forex market easily. TMGM boasts an impressive portfolio with 12,000 tradeable symbols, including 62 forex pairs, offering a diverse selection for traders. In contrast, Libertex provides a more limited choice with 300 tradeable symbols and 51 forex pairs, yet it still covers the most essential options in the forex trading landscape.
Neither TMGM nor Libertex supports the direct purchase of exchange-traded securities on U.S. or international exchanges, meaning investors can't directly buy company stocks like Apple or Vodafone through these platforms. Both brokers, however, support cryptocurrency derivatives, although not actual cryptocurrencies. Additionally, both platforms offer copy trading capabilities, which can be appealing to novice traders or those who prefer to follow seasoned investors. TMGM is recognized with a higher rating of 4.5 stars for its range of investments compared to Libertex's 3.5 stars, reflecting its broader offering. ForexBrokers.com further underscores this distinction by ranking TMGM at #17, well ahead of Libertex, which is ranked at #53, highlighting the more extensive investment opportunities available through TMGM.
| Feature |
TMGM
|
Libertex (Forex Club)
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 12000 | 300 |
| Forex Pairs (Total) | 62 | 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 TMGM and Libertex (Forex Club), both brokers provide similar foundational features to cater to traders of varying experience levels. TMGM and Libertex offer simulated trading through free virtual demo accounts, allowing users to practice without financial risk. While TMGM does not have a proprietary platform, Libertex provides one developed in-house, offering unique tools and user experiences. Both brokers support well-known platforms like MetaTrader 4 (MT4), but TMGM extends its offerings with MetaTrader 5 (MT5), a crucial choice for those seeking advanced functionalities. Users of either broker can trade on Windows-based desktops or web browsers, and both provide copy trading services, suitable for beginners who want to mimic the trades of experienced investors.
Discussing charting options, TMGM offers 15 drawing tools, whereas Libertex surpasses this with 30, aiding traders needing in-depth technical analysis capabilities. Both allow trading directly from stock charts and offer watch lists with 7 columns for organizing market data. Even with their comparable offerings in trading tools and platforms, both brokers receive a 4-star rating for this category. However, according to ForexBrokers.com, TMGM ranks slightly higher in the Trading Platforms and Tools category, placed 48th out of 62 brokers, with Libertex following closely at 50th. This close ranking indicates that both provide competitive features, leaving personal preference and specific trading needs as the deciding factors for traders.
| Feature |
TMGM
|
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.
Both TMGM and Libertex offer mobile trading apps compatible with iPhone and Android devices, allowing users to trade conveniently on the go. These apps provide essential features such as stock and forex price alerts, the ability to draw trendlines on charts, and viewing multiple time frames, such as daily or weekly views, for an enhanced trading experience. Additionally, both platforms allow traders to create watchlists with real-time quotes, making it easier to track favorite stocks and currencies. However, where these two brokers start to differ is in certain conveniences; while Libertex provides watchlist symbol syncing with its online account, helping users seamlessly manage their investments across devices, TMGM offers auto-saving for drawings on charts, which can be a time-saver during analysis.
Both TMGM and Libertex are equally rated at four stars for their mobile trading apps, reflecting solid user satisfaction across various services. While TMGM ranks slightly higher at #46 compared to Libertex at #48 out of 62 brokers in ForexBrokers.com's Mobile Trading Apps category, both brokers offer 30 technical studies within their apps to aid in thorough technical analysis. Therefore, choosing between TMGM and Libertex may ultimately come down to personal preference on specific features like chart drawing capabilities or watchlist syncing, as both apps present a competitive mobile trading experience.
| Feature |
TMGM
|
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 | 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 TMGM and Libertex (Forex Club) for market research capabilities, TMGM stands out as a more comprehensive option. TMGM provides daily market commentary, offering timely insights that can be valuable for traders looking to stay updated. Additionally, TMGM includes forex news from renowned sources like Bloomberg and Reuters, similar to Libertex. However, where TMGM distinguishes itself is by offering technical analytics tools from Trading Central and sentiment-based trading tools, both of which are not available with Libertex. TMGM also provides research tools from Acuity Trading, including Signal Centre, further enhancing its market research offerings.
Though both platforms offer economic calendars for global news events, TMGM edges ahead with a higher research rating of 3.5 stars compared to Libertex's 3 stars. In ranking, TMGM is positioned at #53 out of 62 brokers on ForexBrokers.com for research, while Libertex lags behind at #60. Overall, TMGM offers a broader array of tools and insights for traders, making it a more favorable choice for those prioritizing market research.
| Feature |
TMGM
|
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 | No | No |
| Signal Centre (Acuity Trading) | Yes | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational resources for beginners from TMGM and Libertex (Forex Club), there are notable differences in what each platform offers. Libertex does better in providing a variety of educational content, including at least 10 articles, videos, or webinars primarily focused on forex or CFDs. However, neither platform hosts regular online educational webinars for clients. TMGM stands out with its searchable archive of previously recorded webinars, a feature Libertex lacks. On the other hand, Libertex distinguishes itself with advanced educational videos, catering to experienced traders. Neither platform excels in having a range of beginner-specific videos.
TMGM offers a comprehensive investor dictionary that includes definitions for more than 50 investing terms, which can be a useful tool for newcomers; such a resource is not available with Libertex. When it comes to educational quality ratings, TMGM slightly edges out with a 3.5-star rating compared to Libertex's 3-star rating, though both are ranked relatively low at #54 and #57, respectively, among 62 brokers on ForexBrokers.com. These factors together provide a mixed picture for beginners evaluating where they might find the most supportive learning environment.
| Feature |
TMGM
|
Libertex (Forex Club)
|
|---|---|---|
| Education (Forex or CFDs) | No | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | Yes | 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 TMGM is better than Libertex (Forex Club). TMGM finished with an overall rank of #37, while Libertex (Forex Club) finished with an overall rank of #60.
TMGM stands out for its impressive education toolset, though it still trails behind the best brokers in most categories. TMGM offers a small range of markets via the MetaTrader 4 (MT4) platform. While primarily a MetaTrader broker, it also offers the more exclusive IRESS platform – though the platform-specific requirements will limit who can use it.
| Feature |
TMGM
|
Libertex (Forex Club)
|
|---|---|---|
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| Trust Score | 83 | 73 |
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Both TMGM and Libertex (Forex Club) do not offer the option to buy actual (delivered) cryptocurrencies, but they do provide the ability to trade cryptocurrency derivatives.
TMGM and Libertex (Forex Club) both support PayPal, Skrill, and bank wire transfers for funding and withdrawing from accounts, but while TMGM additionally accepts Visa and Mastercard, only Libertex offers ACH and SEPA transfers.
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 | TMGM | Libertex (Forex Club) | |
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| Trust Score | 83 | 73 | |
| Winner | check_circle | ||
| Review | TMGM Review |
| Broker Screenshots | TMGM | Libertex (Forex Club) | |
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| Regulation | TMGM | Libertex (Forex Club) | |
|---|---|---|---|
| Trust Score | 83 | 73 | |
| Year Founded | 2013 | 1997 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 0 |
| Tier-1 Licenses (Highly Trusted) | TMGM | 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) | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes |
| Tier-2 Licenses (Trusted) | TMGM | 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 | TMGM | Libertex (Forex Club) | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 12000 | 300 | |
| Forex Pairs (Total) | 62 | 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 | TMGM | 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 | Yes | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | TMGM | 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 | TMGM | 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 | TMGM | 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 | TMGM | 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 | 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 | TMGM | Libertex (Forex Club) | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | TMGM | Libertex (Forex Club) | |
|---|---|---|---|
| Education (Forex or CFDs) | No | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | No | No | |
| Videos - Advanced Trading Videos | No | Yes | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | TMGM | 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 | TMGM Review |
| Overall | TMGM | Libertex (Forex Club) | |
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| Trust Score | 83 | 73 | |
| Winner | check_circle | ||
| Review | TMGM Review |
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