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TopFX vs Libertex (Forex Club) 2024

BrokerNotes.co

Written by BrokerNotes.co

August 24, 2023

Trying to decide between TopFX and Libertex (Forex Club)? 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, TopFX ranks more highly than Libertex (Forex Club).

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Compare

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Overall Rating TopFX Libertex (Forex Club)
Overall Rating star 6.7 /10 star 6.7 /10
Offering of Investments star 7.0 /10 star 6.5 /10
Commissions & Fees star 7.5 /10 star 6.0 /10
Platform & Tools star 7.5 /10 star 7.5 /10
Research star 5.5 /10 star 5.5 /10
Mobile Trading star 7.5 /10 star 7.5 /10
Education star 5.5 /10 star 6.0 /10
Account Type TopFX Libertex (Forex Club)
Standard Trade Size (100,000 units) info Yes Yes
Mini Trade Size (10,000 units) info Yes Yes
Micro Trade Size (1,000 units) info Yes Yes
Islamic Account info Yes No
Deposit/Withdrawal Options TopFX Libertex (Forex Club)
Minimum Deposit info Depends on payment method $10
Bank Wire (Deposit/Withdraw) info Yes Yes
Visa/Mastercard (Credit/Debit) info Yes No
PayPal (Deposit/Withdraw) info Yes Yes
ACH or SEPA Transfers info No Yes
Copy Trading TopFX Libertex (Forex Club)
Social Trading / Copy Trading info Yes Yes
DupliTrade info No No
ZuluTrade info No No
Cryptocurrency TopFX Libertex (Forex Club)
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info Yes Yes
Bitcoin info Yes Yes
Ethereum info Yes Yes
Forex Trading (Spot or CFDs) TopFX Libertex (Forex Club)
Forex Trading (Spot or CFDs) info Yes Yes
Mobile Trading - Forex or CFDs info Yes Yes
Indices (Index CFDs) TopFX Libertex (Forex Club)
DAX info Yes Yes
Dow Jones info Yes Yes
FTSE info Yes Yes
NASDAQ 100 info Yes Yes
Nikkei info Yes Yes
SP 500 info Yes Yes
Investments TopFX Libertex (Forex Club)
Forex Trading (Spot or CFDs) info Yes Yes
Spread Betting info No No
Social Trading / Copy Trading info Yes Yes
Metals info Yes Yes
Energies info Yes Yes
Agriculturals info No Yes
ETF info Yes Yes
U.S. Stocks (CFD) info Yes Yes
Trading Platforms TopFX Libertex (Forex Club)
Apple iOS App info Yes Yes
Android App info Yes Yes
Proprietary Platform info No Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info No No
Regulatory Licenses TopFX Libertex (Forex Club)
Tier-1 Licenses info 1 1
Australia (ASIC Authorised) info No No
Canada (CIRO Authorised) info No No
Hong Kong (SFC Authorised) info No No
Japan (SFC Authorised) info No No
Singapore (MAS Authorised) info No No
Switzerland (FINMA Authorised) info No No
United Kingdom (U.K.) (FCA Authorised) info No No
USA (CFTC Authorized) info No No
New Zealand (FMA Authorised) info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes info
Tier-2 Licenses info 0 0
Tier-3 Licenses info 0 0
Research, Education TopFX Libertex (Forex Club)
Trading Central (Recognia) info Yes No
Forex News (Top-Tier Sources) info Yes Yes
Daily Market Commentary info No No
Autochartist info Yes No
Investor Dictionary (Glossary) info No No
Videos - Beginner Trading Videos info No No
Client Webinars (Archived) info No No
Trading Costs TopFX Libertex (Forex Club)
Minimum Deposit info Depends on payment method $10
Average Spread EUR/USD - Standard info N/A info N/A info
All-in Cost EUR/USD - Active info N/A info N/A info
Active Trader or VIP Discounts info No Yes
Trading Tools TopFX Libertex (Forex Club)
Watchlists - Total Fields info 7 7
Mobile Watchlist info Yes Yes
Charting - Indicators / Studies (Total) info 30 15
Mobile Charting - Indicators / Studies info 30 30
Trust Factors TopFX Libertex (Forex Club)
Year Founded info 2010 1997
Publicly Traded (Listed) info No No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes info
Trust Score info 67 73
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TopFX 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 TopFX and Libertex (Forex Club)? Our independent database powered by our unbiased research will help you compare TopFX 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 TopFX?

TopFX has a Trust Score of 67, giving it a "High Risk" 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 TopFX a good broker?

TopFX offers the MetaTraderand cTrader platforms, along with a growing selection of tradeable markets. That said, this broker's lack of substantial regulatory licenses outside of Cyprus brings its Trust Score down. TopFX also lags behind the industry average when it comes to market research and education.

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. unfortunately, neither TopFX nor Libertex (Forex Club) are 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), United Kingdom (U.K.) (FCA Authorised) and USA (CFTC Authorized).. Neither have 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, both TopFX and Libertex (Forex Club) are Cyprus (CySEC Authorised).. Neither have China (CBRC Authorised), India (SEBI Authorised), Israel (ISA Authorised), Russia (CBR Authorised), South Africa (FSCA Authorised), Thailand (SEC Authorised) and UAE (DFSA/Central Bank Authorised). When comparing tier-3 licenses unfortunately, neither TopFX nor Libertex (Forex Club) are Bahamas (SCB Authorised), Belize (FSC Authorised), Bermuda (BMA Authorised), British Virgin Islands (FSC Authorised), Cayman Islands (CIMA Authorised), Mauritius (FSC Authorised) and Vanuatu (VFSC Authorised).. Neither have 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 TopFX offers a Desktop Platform (Windows) and cTrader, whereas Libertex (Forex Club) supports a Proprietary Platform and Desktop Platform (Windows). Neither have DupliTrade and ZuluTrade

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

Both TopFX and Libertex (Forex Club) 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 TopFX and Libertex (Forex Club) differ in terms of minimum deposit? What about average spreads and funding options?

TopFX requires a minimum deposit of Depends on payment method, 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 TopFX supports Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit), PayPal (Deposit/Withdraw) 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, TopFX or Libertex (Forex Club)?

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 TopFX delivers a more diverse selection of investment options than Libertex (Forex Club), offering tradeable asset classes and investment types such as Forex Trading (Spot or CFDs), Social Trading / Copy Trading, Metals, Energies, ETF and U.S. Stocks (CFD). Neither have Spread Betting.

We also keep track of each broker’s total number of tradeable symbols; TopFX offers 655, and Libertex (Forex Club) offers a total of 300 tradeable symbols.

Can I trade cryptocurrency with TopFX 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 TopFX nor Libertex (Forex Club) allow you to trade physical cryptocurrencies.

Who offers more research tools, TopFX 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. TopFX delivers the following research tools: Autochartist, Forex News (Top-Tier Sources), Trading Central (Recognia) 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 Daily Market Commentary

Broker Reviews

Still looking for more information, read our broker reviews.

TopFX Review

Libertex Review

Overall winner: TopFX

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announcementPlease 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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