HFM vs Libertex (Forex Club) Comparison
Comparing forex brokers side by side is no easy task. Our research team has collected thousands of data points, written hundreds of thousands of words of research, and tested over 60 brokers to help you find the best forex brokers in the industry. Trying to decide between HFM and Libertex (Forex Club)? Our independent database powered by our unbiased research will help you compare HFM vs Libertex (Forex Club) side-by-side.
What is Trust Score?
Trust Score is a data-driven rating system that provides an at-a-glance rating of a broker’s overall trust by tracking 60+ brokers and over 100 regulatory jurisdictions across the globe. To make things clearer for everyday traders, we’ve created a five-tier system for regulators and Trust Score rating labels. Learn more about Trust Score, and check out our country guides to see the most trusted brokers in your country of residence.
Can I trust HFM?
HFM has a Trust Score of 86, giving it a "Trusted" Trust Score Label.
Can I trust Libertex (Forex Club)?
Libertex (Forex Club) has a Trust Score of 73, giving it a "Average Risk" Trust Score Label.
Is HFM a good broker?
HFM is a trusted broker that offers an enhanced MetaTrader experience. Traders at HFM gain access to both MetaTrader 4 and MetaTrader 5 alongside third-party upgrades like Premium Trader Tools from FX Blue Labs and trading signals via the Autochartist plugin. HFM also offers its own proprietary copy trading platform, HFcopy, and a proprietary mobile trading platform, the HFM app. It's worth noting that you'll need to hold a Premium account with HFM to use the HFM app for trading.
Is Libertex (Forex Club) a good broker?
Founded in 1997, Libertex (Forex Club) has long been a MetaTrader broker, though its more recent Libertex brand in Europe has rolled out a self-titled proprietary trading platform. That said, Libertex holds fewer regulatory licenses than its peers, resulting in a below-average Trust Score.
What Tier-1 jurisdictions is each broker regulated in?
Tier-1 is reserved for the strictest, most stringent regulatory jurisdictions in the world. Tier-1 regulators impose additional capital requirements and require a tougher initial screening process. HFM holds regulatory licenses in the following Tier-1 jurisdictions: United Kingdom (U.K.) (FCA Authorised). Libertex (Forex Club), on the other hand, is licensed in these Tier-1 regulatory jurisdictions: none. Neither have Australia (ASIC Authorised), Canada (CIRO Authorised), Hong Kong (SFC Authorised), CBI Authorised (Ireland), Japan (SFC Authorised), Singapore (MAS Authorised), New Zealand (FMA Authorised), Switzerland (FINMA Authorised) and USA (CFTC Authorized)
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, HFM is Cyprus (CySEC Authorised), South Africa (FSCA Authorised) and UAE (DFSA/Central Bank Authorised), while Libertex (Forex Club) is Cyprus (CySEC Authorised).. Neither have China (CBRC Authorised), India (SEBI Authorised), Israel (ISA Authorised), Russia (CBR Authorised) and Thailand (SEC Authorised). When comparing tier-3 licenses HFM is Mauritius (FSC Authorised), while Libertex (Forex Club) is none.. Neither have Bahamas (SCB Authorised), Belize (FSC Authorised), Bermuda (BMA Authorised), British Virgin Islands (FSC Authorised), Cayman Islands (CIMA Authorised) and Vanuatu (VFSC Authorised).
Which broker offers more trading platforms?
Whether your broker develops its own proprietary platforms or provides access to popular third-party platforms, you should make sure you can use your preferred type of trading platform. In our testing, we found that both HFM and Libertex (Forex Club) offer a Proprietary Platform and Desktop Platform (Windows). Neither have cTrader, DupliTrade and ZuluTrade
Does HFM offer MetaTrader? Does Libertex (Forex Club) offer MetaTrader?
For MetaTrader HFM provides MetaTrader 4 (MT4) and MetaTrader 5 (MT5), while Libertex (Forex Club) provides MetaTrader 4 (MT4). If MetaTrader is a must for you, read our guides on the best MT4 brokers or best MT5 brokers.
How do HFM and Libertex (Forex Club) differ in terms of minimum deposit? What about average spreads and funding options?
HFM requires a minimum deposit of $0, while Libertex (Forex Club) requires a minimum deposit of $10. It's also important to ensure your broker accepts the funding options and deposit methods that work best for you. In our research, we've found that HFM supports Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit) and Skrill (Deposit/Withdraw) for funding and deposit methods, whereas Libertex (Forex Club) supports Bank Wire (Deposit/Withdraw), PayPal (Deposit/Withdraw) and Skrill (Deposit/Withdraw)
Which broker offers more tradeable asset classes, HFM or Libertex (Forex Club)?
When choosing a broker, it’s important to check the availability of your preferred investment products and asset classes. We’ve tested each broker’s individual offering of investments to help you pick the right broker for what you want to trade. We found that both HFM and Libertex (Forex Club) offer Forex Trading (Spot or CFDs), Social Trading / Copy Trading, Metals, Energies, Agriculturals, ETF and U.S. Stocks (CFD). Neither have Spread Betting.
We also keep track of each broker’s total number of tradeable symbols; HFM offers 3500, and Libertex (Forex Club) offers a total of 300 tradeable symbols.
Can I trade cryptocurrency with HFM or Libertex (Forex Club)?
Crypto trading has become popular among forex traders across a range of international jurisdictions. As a result, many forex brokers now offer crypto products to their clients; most crypto assets are offered either as an underlying physical asset (such as when you own actual bitcoin assets, for example) or as a derivative product like a CFD. If you are looking to trade physical cryptocurrencies, you’ll find that neither HFM nor Libertex (Forex Club) allow you to trade physical cryptocurrencies.
Who offers more research tools, HFM or Libertex (Forex Club)?
Market research plays a huge role in any forex trader’s ability to conduct analysis within the global forex market. We test each broker’s research offering to help you decide which broker is right for your technical or fundamental analysis needs. HFM delivers the following research tools: Autochartist, Daily Market Commentary, Stock Charts, Forex News (Top-Tier Sources) and Social Trading / Copy Trading. Libertex (Forex Club), on the other hand, provides the tools listed here: Stock Charts, Forex News (Top-Tier Sources) and Social Trading / Copy Trading. Neither have Trading Central (Recognia)
Overall winner: HFM
Popular Forex Reviews
Popular Forex Guides
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.