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Libertex (Forex Club) vs ATFX 2023

BrokerNotes.co

Written by BrokerNotes.co

November 08, 2022

Trying to decide between Libertex (Forex Club) and ATFX? We’ve taken the guesswork out of the equation with our Comparison Tool. Use our tool to compare hundreds of data points, side-by-side, to see how these two brokers stack up against each other.

Based on our extensive research, hands-on testing, and expert analysis of over a hundred data-driven variables, we've determined that, overall, Libertex (Forex Club) ranks more highly than ATFX.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 65% and 82% 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.
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Overall RatingLibertex (Forex Club)ATFX
Overall Rating 6.7 / 10 6.6 / 10
Account TypeLibertex (Forex Club)ATFX
Standard Trade Size (100,000 units) Yes Yes
Mini Trade Size (10,000 units) Yes Yes
Micro Trade Size (1,000 units) Yes Yes
Islamic Account No No
Copy TradingLibertex (Forex Club)ATFX
Social Trading / Copy Trading Yes Yes
DupliTrade No No
ZuluTrade No No
CryptocurrencyLibertex (Forex Club)ATFX
Cryptocurrency (Physical) No No
Cryptocurrency (CFD) Yes Yes
Bitcoin Yes Yes
ethereum Yes Yes
Forex Trading (Spot or CFDs)Libertex (Forex Club)ATFX
Forex Trading (Spot or CFDs) Yes Yes
Mobile Trading - Forex or CFDs Yes Yes
Indices (Index CFDs)Libertex (Forex Club)ATFX
DAX Yes Yes
Dow Jones Yes Yes
FTSE Yes Yes
NASDAQ 100 Yes Yes
Nikkei Yes Yes
SP 500 Yes Yes
InvestmentsLibertex (Forex Club)ATFX
Forex Trading (Spot or CFDs) Yes Yes
Spread Betting No Yes
Social Trading / Copy Trading Yes Yes
Metals Yes Yes
Energies Yes Yes
Agriculturals Yes No
ETF Yes Yes
U.S. Stocks (CFD) Yes Yes
Trading PlatformsLibertex (Forex Club)ATFX
Apple iOS App Yes Yes
Android App Yes Yes
Proprietary Platform Yes No
Desktop Platform (Windows) Yes Yes
Web Platform Yes Yes
MetaTrader 4 (MT4) Yes Yes
MetaTrader 5 (MT5) No No
Regulatory LicensesLibertex (Forex Club)ATFX
Tier-1 Licenses 1 1
ASIC Authorised (Australia) No No
IIROC Authorised (Canada) No No
FCA Authorised (U.K.) No Yes
SFC Authorised (Hong Kong) No No
MAS Authorised (Singapore) No No
FINMA Authorised (Switzerland) No No
CFTC Registered (USA) No No
Tier-2 Licenses 1 1
Tier-3 Licenses 0 1
Research, EducationLibertex (Forex Club)ATFX
Trading Central (Recognia) No Yes
Forex News (Top-Tier Sources) Yes No
Daily Market Commentary No Yes
Autochartist No Yes
Investor Dictionary (Glossary) No Yes
Videos - Beginner Trading Videos No Yes
Client Webinars (Archived) No Yes
Trading CostsLibertex (Forex Club)ATFX
Minimum Initial Deposit $10 $500
Average Spread EUR/USD - Standard -1 -1
All-in Cost EUR/USD - Active -1 -1
Active Trader or VIP Discounts Yes No
Bank Wire (Deposit/Withdraw) Yes Yes
Visa/Mastercard (Credit/Debit) No Yes
PayPal (Deposit/Withdraw) Yes No
Trading ToolsLibertex (Forex Club)ATFX
Watchlists - Total Fields 7 7
Mobile Watchlist Yes Yes
Charting - Indicators / Studies (Total) 15 30
Mobile Charting - Indicators / Studies 30 7
Trust FactorsLibertex (Forex Club)ATFX
Year Founded 1997 2017
Publicly Traded (Listed) No No
Bank No No
Authorised in European Union Yes info Yes info
Trust Score 72 70
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Libertex (Forex Club) vs ATFX Comparison

Comparing forex brokers side by side is no easy task. For our 2023 annual forex broker review, we spent hundreds of hours assessing 39 forex and CFD brokerages to find the best forex broker. Let's compare Libertex (Forex Club) vs ATFX.

Can I trust Libertex (Forex Club)?

Libertex (Forex Club) has a trust score of 72, giving it a "Average Risk" trust label. Here's what each trust score label means:

  • "Highly Trusted" (90-99) - These brokers are considered the most trustworthy firms in the industry. Simply put, we would not hesitate to open and fund an account with a Highly Trusted broker.
  • "Trusted" (80-89) - These brokers are reliable and trustworthy. "Trusted" firms are a solid choice, and may simply hold fewer regulatory licences or feature different corporate structures than those brokers that have earned our top Trust Score rating.
  • "Average Risk" (70-79) - Average Risk brokers are firms we generally consider to be safe, but that may warrant a closer inspection before you open and fund a live trading account. At the least, we always encourage traders to check the regulatory licenses for Average Risk firms to verify that they are regulated in their own country of residence.
  • "High Risk" (60-69) - High-risk firms should be scrutinized and carefully reviewed before opening an account. These forex brokers are – in most cases – operating without credible regulatory licensing, and likely have a history of legal or financial issues. Before considering an account with a high-risk firm, we recommend checking our country guides for your country of residence to see if a more trusted broker is available.
  • "Do Not Trust" (<59) - We do not recommend opening an account of any kind with a broker that earns a “Do Not Trust” rating.

Can I trust ATFX?

ATFX has a trust score of 70, giving it a "Average Risk" trust label.

Is Libertex (Forex Club) a good broker?

Is ATFX a good broker?

What tier-1 jurisdictions is each broker regulated in?

Tier-1 regulators go above and beyond by requiring additional capital requirements, checking in on brokers more frequently, and putting brokers through a tougher screening process. Libertex (Forex Club) is none, while ATFX is FCA Authorised (U.K.)., neither have ASIC Authorised (Australia), IIROC Authorised (Canada), SFC Authorised (Hong Kong), CBI Authorised (Ireland), FSA Authorised (Japan), MAS Authorised (Singapore), FMA Authorised (New Zealand), FINMA Authorised (Switzerland) and CFTC Registered (USA)

What tier-2 jurisdictions is each broker regulated in? What about tier-3?

Tier-2 and tier-3 licenses are still important in evaluating the overall trustworthiness of forex brokers. As far as tier-2 licenses go, both Libertex (Forex Club) and ATFX are CySEC Authorised (Cyprus)., neither have CBRC Authorised (China), SEBI Authorised (India), ISA Authorised (Israel), CBR Authorised (Russia), FSCA Authorised (South Africa), SEC Authorised (Thailand) and DFSA / Central Bank Authorised (UAE). When comparing tier-3 licenses Libertex (Forex Club) is none, while ATFX is FSC Authorised (Mauritius)., neither have SCB Authorised (Bahamas), IFSC Authorised (Belize), BMA Authorised (Bermuda), FSC Authorised (British Virgin Islands), CIMA Authorised (Cayman Islands) and VFSC Authorised (Vanuatu).

Which broker offers more trading platforms?

For trading platforms Libertex (Forex Club) supports a Proprietary Platform and Desktop Platform (Windows), whereas ATFX supports a Desktop Platform (Windows)., neither have cTrader, DupliTrade and ZuluTrade

Does Libertex (Forex Club) offer MetaTrader? Does ATFX offer MetaTrader?

Both Libertex (Forex Club) and ATFX offer the whole MetaTrader suite, which consists of both MetaTrader 4 and MetaTrader 5. If you’re new to MetaTrader 4 here’s our educational guide on how to use MT4., neither have MetaTrader 5 (MT5)

How do Libertex (Forex Club) and ATFX differ in terms of minimum deposit? What about average spreads and funding options?

Libertex (Forex Club) requires a minimum deposit of $10, while ATFX requires a minimum deposit of $500. From our testing we found Libertex (Forex Club) offers spreads of -1, while ATFX offers spreads of -1. Libertex (Forex Club) supports Bank Wire (Deposit/Withdraw), PayPal (Deposit/Withdraw) and Skrill (Deposit/Withdraw) for popular funding options, where ATFX supports Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit) and Skrill (Deposit/Withdraw).

Which brokers offers more tradeable asset classes, Libertex (Forex Club) or ATFX?

Libertex (Forex Club) offers a more diverse selection of investment options than ATFX allowing you to trade Forex Trading (Spot or CFDs), Social Trading / Copy Trading, Metals, Energies, Agriculturals, ETF and U.S. Stocks (CFD). Looking at total tradeable symbols, Libertex (Forex Club) has 300, compared to 150 from ATFX.

Can I trade cryptocurrency with Libertex (Forex Club) or ATFX?

Crypto trading is popular with forex traders. Most crypto assets are offered either as the underlying physical asset or as a CFD or other derivative — including spot forex contracts. In terms of trading physical cryptocurrency neither Libertex (Forex Club) nor ATFX allow you to trade physical cryptocurrencies.

Who offers more research tools, Libertex (Forex Club) or ATFX?

In terms of research and research tools Libertex (Forex Club) gives traders the following tools: Stock Charts, Forex News (Top-Tier Sources) and Social Trading / Copy Trading. In comparison ATFX has the tools listed here: Autochartist, Daily Market Commentary, Stock Charts, Trading Central (Recognia) and Social Trading / Copy Trading.

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