Libertex (Forex Club) vs tastyfx 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 Libertex (Forex Club) and tastyfx? Our independent database powered by our unbiased research will help you compare Libertex (Forex Club) vs tastyfx 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 Libertex (Forex Club)?
Libertex (Forex Club) has a Trust Score of 73, giving it a "Average Risk" Trust Score Label.
Can I trust tastyfx?
tastyfx has a Trust Score of 99, giving it a "Highly Trusted" Trust Score Label.
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.
Is tastyfx a good broker?
Tastyfx, IG’s new name for its US forex brand, delivers the same core experience that IG traders have grown to love. The name and logo have been refreshed, but this rebranded arm of IG’s forex business delivers the same platform experience, pricing structure, robust regulatory support, and powerful research. Simply put, tastyfx is an excellent choice for US-based forex traders seeking a trustworthy broker with a high-quality offering.
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. Libertex (Forex Club) holds regulatory licenses in the following Tier-1 jurisdictions: none. tastyfx, on the other hand, is licensed in these Tier-1 regulatory jurisdictions: Australia (ASIC Authorised), Japan (SFC Authorised), Singapore (MAS Authorised), New Zealand (FMA Authorised), United Kingdom (U.K.) (FCA Authorised) and USA (CFTC Authorized). Neither have Canada (CIRO Authorised), Hong Kong (SFC Authorised), CBI Authorised (Ireland) and Switzerland (FINMA Authorised)
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, Libertex (Forex Club) is Cyprus (CySEC Authorised), while tastyfx is Cyprus (CySEC Authorised), South Africa (FSCA Authorised) and UAE (DFSA/Central Bank Authorised).. Neither have China (CBRC Authorised), India (SEBI Authorised), Israel (ISA Authorised), Russia (CBR Authorised) and Thailand (SEC Authorised). When comparing tier-3 licenses Libertex (Forex Club) is none, while tastyfx is Bermuda (BMA Authorised).. Neither have Bahamas (SCB Authorised), Belize (FSC Authorised), British Virgin Islands (FSC Authorised), Cayman Islands (CIMA Authorised), Mauritius (FSC 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 Libertex (Forex Club) and tastyfx offer a Proprietary Platform and Desktop Platform (Windows). Neither have cTrader, DupliTrade and ZuluTrade
Does Libertex (Forex Club) offer MetaTrader? Does tastyfx offer MetaTrader?
Both Libertex (Forex Club) and tastyfx 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 tastyfx differ in terms of minimum deposit? What about average spreads and funding options?
Libertex (Forex Club) requires a minimum deposit of $10, while tastyfx requires a minimum deposit of $250.00. 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 Libertex (Forex Club) supports Bank Wire (Deposit/Withdraw), PayPal (Deposit/Withdraw) and Skrill (Deposit/Withdraw) for funding and deposit methods, whereas tastyfx supports Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit) and PayPal (Deposit/Withdraw)
Which broker offers more tradeable asset classes, Libertex (Forex Club) or tastyfx?
When choosing a forex broker, it’s important to consider each broker’s available investment products and tradeable asset classes. We’ve researched each broker’s individual offering of investments to help you pick the right broker for what you want to trade. During our testing, we found that Libertex (Forex Club) delivers a more diverse selection of investment options than tastyfx, offering tradeable asset classes and investment types such as Forex Trading (Spot or CFDs), Social Trading / Copy Trading, Metals, Energies, Agriculturals, ETF and U.S. Stocks (CFD).
We also keep track of each broker’s total number of tradeable symbols; Libertex (Forex Club) offers 300, and tastyfx offers a total of 19537 tradeable symbols.
Can I trade cryptocurrency with Libertex (Forex Club) or tastyfx?
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 Libertex (Forex Club) nor tastyfx allow you to trade physical cryptocurrencies.
Who offers more research tools, Libertex (Forex Club) or tastyfx?
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. Libertex (Forex Club) delivers the following research tools: Stock Charts, Forex News (Top-Tier Sources) and Social Trading / Copy Trading. tastyfx, on the other hand, provides the tools listed here: Autochartist, Daily Market Commentary, Stock Charts and Forex News (Top-Tier Sources). Neither have Trading Central (Recognia)
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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.