Written by ForexBrokers.com
In this head to head comparison of Libertex (Forex Club) vs TopFX, 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.
Libertex (Forex Club) and TopFX are both well-established online brokers, with Libertex originating in 1997 and TopFX in 2010. Neither is publicly traded or operates as a bank, which means they are private companies solely focused on providing brokerage services. In terms of regulatory standing, both brokers hold one Tier-1 license each, reflecting a high level of security and oversight in their operations. For ForexBrokers.com Trust Score ratings, Libertex (Forex Club) holds a slightly higher score of 73, placing it in the average risk category, whereas TopFX scores 67, which categorizes it as a high-risk broker.
These scores suggest that while both brokers are engaged in providing trading services under trusted regulation, users may find Libertex (Forex Club) slightly more reliable based on its Trust Score. Neither broker holds a Tier-2 license, indicating that they rely on their primary Tier-1 regulatory status for market credibility. Investors considering these platforms should weigh these factors carefully, as both brokers present reputable options but differ in risk assessment by independent reviewers.
| Feature |
Libertex (Forex Club)
|
TopFX
|
|---|---|---|
| Year Founded | 1997 | 2010 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 1 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
Libertex (Forex Club) and TopFX are two prominent online brokers, but their approach to commissions and fees varies considerably. Libertex offers a star rating of 3 out of 5 for its commission and fee structure. However, an average spread data for their services is not available. According to ForexBrokers.com, Libertex is ranked quite low in this category, securing the 61st position out of 62 brokers.
On the other hand, TopFX provides two account types on both MetaTrader and cTrader platforms: the ZERO account and the RAW account. The ZERO account features commission-free trading with average spreads of 1.03 pips on the EUR/USD as of July 2024. In contrast, the RAW account is commission-based, charging 2.75 EUR per side, with an overall cost that combines a 0.33 pips spread and a commission equivalent of 0.55 pips per round-turn, totaling approximately 0.88 pips. This rate aligns with the industry average. TopFX rates higher in the cost category with a 4-star rating, reflecting its more competitive pricing model.
When comparing the overall placement within the industry, TopFX holds a more favorable rank of #40 out of 62 brokers for commissions and fees, according to ForexBrokers.com. This suggests a more cost-effective option for traders compared to Libertex, which lags behind in terms of competitive pricing, as reflected in its significantly lower ranking.
| Feature |
Libertex (Forex Club)
|
TopFX
|
|---|---|---|
| Minimum Deposit | $10 | Depends on payment method |
| Average Spread EUR/USD - Standard | N/A | 1.03 |
| All-in Cost EUR/USD - Active | N/A | 0.88 |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | No | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing the investment offerings of Libertex (Forex Club) and TopFX, both online brokers provide opportunities for forex trading through Contracts for Difference (CFDs). However, TopFX stands out with a broader selection, offering 655 tradeable symbols compared to Libertex's 300. In terms of forex pairs, TopFX again offers slightly more choices with 60 pairs available, while Libertex provides 51 pairs. Both platforms do not offer direct access to exchange-traded securities, such as U.S. stocks like Apple or international stocks like Vodafone, limiting their scope to derivative products.
Both Libertex and TopFX support copy trading, a feature that allows users to mimic the trades of experienced investors. They also provide the option to trade cryptocurrency derivatives, though neither platform offers the purchase of actual cryptocurrencies. Despite their similar approaches, there are noticeable differences in their rankings for Range of Investments. Libertex is rated 3.5 stars and positioned at 53 out of 62 brokers. In contrast, TopFX shares the same 3.5-star rating but is ranked slightly higher at 46, suggesting a marginally better perception of their investment range among the brokers reviewed by ForexBrokers.com.
| Feature |
Libertex (Forex Club)
|
TopFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 300 | 655 |
| Forex Pairs (Total) | 51 | 60 |
| 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 of Libertex (Forex Club) and TopFX, both brokers offer a solid range of features to cater to various trading needs. Libertex provides a proprietary platform, giving clients a unique in-house experience, while TopFX relies on established platforms, which may appeal to traders who prefer consistency. Both brokers support simulated trading with free virtual demo accounts, offer MetaTrader 4 for a familiar and widely-used trading environment, and lack support for MetaTrader 5, DupliTrade, and ZuluTrade. Each broker offers both a desktop and web-based platform, ensuring flexibility for traders who prefer different modes of access.
Libertex edges out TopFX in terms of drawing tools, boasting 30 compared to TopFX's 15, which could benefit those who rely heavily on technical analysis. Both brokers offer the ability to trade directly from a stock chart and provide the same number of columns, seven, for customizing watch lists. Despite these similarities, TopFX ranks higher than Libertex in the Trading Platforms and Tools category according to ForexBrokers.com, coming in at 44th place out of 62 brokers compared to Libertex's 50th. Both brokers are equally rated with four out of five stars, indicating a comparable level of satisfaction among users.
| Feature |
Libertex (Forex Club)
|
TopFX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| 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 | No | No |
| Charting - Indicators / Studies (Total) | 15 | 30 |
| Charting - Drawing Tools (Total) | 30 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both Libertex (Forex Club) and TopFX provide user-friendly mobile trading apps available for both iPhone and Android devices, catering to the needs of modern traders. Notably, both apps offer stock or forex price alerts and allow users to draw trendlines on charts and view multiple time frames, ensuring a comprehensive trading experience. However, a standout feature of the Libertex app is the watchlist symbol syncing, which allows users to synchronize watchlists between their app and online accounts, making it more convenient for on-the-go traders. In contrast, TopFX does not offer this syncing capability but does provide an autosave feature for drawings on charts, which Libertex lacks. Both apps feature the ability to create watchlists with real-time quotes, and each provides 30 technical studies for charting.
Despite each platform having its unique strengths, both Libertex and TopFX mobile apps share an equal star rating of four out of five for their mobile trading solutions. While users can enjoy similar features on both apps, Libertex holds a slightly higher ranking at #48 in the Mobile Trading Apps category according to ForexBrokers.com, compared to TopFX's ranking of #51 out of a total of 62 brokers. This suggests a minor edge in preference or performance in some areas for Libertex according to industry evaluation.
| Feature |
Libertex (Forex Club)
|
TopFX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When it comes to market research, both Libertex (Forex Club) and TopFX provide access to forex news from reputable sources such as Bloomberg and Reuters, ensuring traders stay informed of global events that might impact the market. Both brokers also offer an economic calendar that highlights important economic events worldwide. However, neither provides daily market commentary or tools from companies like TipRanks or Acuity Trading. This makes it essential for traders who rely heavily on third-party insights or daily updates to explore these aspects independently.
TopFX has an advantage when it comes to more advanced analysis tools. While Libertex lacks offerings from Autochartist and Trading Central, TopFX provides tools from both of these companies, which include various forms of technical and fundamental analysis. Additionally, TopFX offers a sentiment-based trading tool displaying long or short position ratios, adding another layer of market insight for its users. Despite these differences, both brokers share an equal star rating for research at three stars, with Libertex ranked #60 and TopFX close by at #59 out of 62 brokers according to ForexBrokers.com.
| Feature |
Libertex (Forex Club)
|
TopFX
|
|---|---|---|
| Daily Market Commentary | No | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | No | Yes |
| Social Sentiment - Currency Pairs | No | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational resources for beginners offered by online brokers Libertex (Forex Club) and TopFX, it's clear that both have room for improvement. Libertex provides over ten educational pieces that focus on forex or CFDs, offering a solid start for those new to trading. However, they don't offer monthly webinars or a searchable archive of past webinar sessions for enhanced learning opportunities. While Libertex does provide advanced educational videos geared toward more experienced traders, beginner-specific video content is lacking. An investor dictionary with key trading terms is also not available, which might make it challenging for novices to grasp essential concepts quickly.
On the other hand, TopFX falls short in several areas compared to Libertex. They do not provide the minimum threshold of ten educational pieces on forex or CFDs, making it potentially difficult for beginners to find adequate learning materials. Like Libertex, TopFX does not offer regular webinars, a video archive, beginner-focused video content, or an investor dictionary. Both brokers received a 3-star rating for education and rank similarly low among their peers, with Libertex at #57 and TopFX at #60 out of 62 brokers evaluated by ForexBrokers.com. This shows that while both platforms provide certain educational resources, they could significantly enhance their offerings to better support beginner traders.
| Feature |
Libertex (Forex Club)
|
TopFX
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | No | No |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | No | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that Libertex (Forex Club) is better than TopFX. Libertex (Forex Club) finished with an overall rank of #60, while TopFX finished with an overall rank of #61.
Forex Club is a long-standing MetaTrader broker offering forex and CFDs, along it's more recently launched Libertex brand catering to the EU market with a proprietary web platform. The biggest issue with Libertex (Forex Club) is the few regulatory licenses it holds, which bring down its Trust Score, compared to the most trusted brokers.
| Feature |
Libertex (Forex Club)
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TopFX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 73 | 67 |
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Both Libertex (Forex Club) and TopFX do not offer the option to buy actual (delivered) cryptocurrency, but they do provide the ability to purchase cryptocurrency derivatives.
Comparing Libertex (Forex Club) and TopFX, Libertex provides options for ACH or SEPA transfers, PayPal, Skrill, and bank wires for depositing or withdrawing funds, but lacks Visa or Mastercard, while TopFX supports PayPal, Skrill, bank wires, and Visa or Mastercard, yet does not offer ACH or 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 | Libertex (Forex Club) | TopFX | |
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| Trust Score | 73 | 67 | |
| Winner | check_circle | ||
| Review | TopFX Review |
| Broker Screenshots | Libertex (Forex Club) | TopFX | |
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| Regulation | Libertex (Forex Club) | TopFX | |
|---|---|---|---|
| Trust Score | 73 | 67 | |
| Year Founded | 1997 | 2010 | |
| 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 | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | Libertex (Forex Club) | TopFX | |
|---|---|---|---|
| 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) | Libertex (Forex Club) | TopFX | |
|---|---|---|---|
| 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 | Libertex (Forex Club) | TopFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 300 | 655 | |
| Forex Pairs (Total) | 51 | 60 | |
| 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 | Libertex (Forex Club) | TopFX | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | 1.03 | |
| All-in Cost EUR/USD - Active | N/A | 0.88 | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Libertex (Forex Club) | TopFX | |
|---|---|---|---|
| Minimum Deposit | $10 | Depends on payment method | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | No | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | Libertex (Forex Club) | TopFX | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| 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 | Yes | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Libertex (Forex Club) | TopFX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 15 | 30 | |
| Charting - Drawing Tools (Total) | 30 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Libertex (Forex Club) | TopFX | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Libertex (Forex Club) | TopFX | |
|---|---|---|---|
| Daily Market Commentary | No | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Libertex (Forex Club) | TopFX | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | No | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | No | No |
| Major Forex Pairs | Libertex (Forex Club) | TopFX | |
|---|---|---|---|
| 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 | TopFX Review |
| Overall | Libertex (Forex Club) | TopFX | |
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| Trust Score | 73 | 67 | |
| Winner | check_circle | ||
| Review | TopFX Review |
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