Libertex (Forex Club) Review 2024
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78% of retail CFD accounts lose money. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Our research into Libertex (Forex Club) reveals that it offers a varied forex and CFD trading experience. While the platform is average overall, there are some highlights worth noting. It is particularly strong in trading platforms and tools, making it a decent choice for investors. However, some aspects, such as its educational resources for beginners, could be improved.
Overall Rating
Minimum Deposit
Trust Score
Pros and Cons
Pros
- Variety of Platforms: Offers MetaTrader 4 and a proprietary platform, catering to diverse trading preferences.
- Copy Trading Available: Supports copy trading, which can be beneficial for beginners.
- Good Mobile Trading Apps: The mobile trading apps are well-regarded and reliable.
Cons
- Limited Beginner Education: Does not offer beginner education videos, which can be a drawback for new traders.
- No MetaTrader 5: Lacks support for MetaTrader 5, which may disappoint some users.
- Limited Tradeable Symbols: Offers only 300 tradeable symbols, below the industry average of 3623.
Ratings Summary
- Investment Types - 6.5/10
- Commissions & Fees - 6.0/10
- Trading platforms - 7.5/10
- Research - 5.5/10
- Mobile Apps - 7.5/10
- Education - 6.0/10
- Overall - 6.7/10
Can I trust Libertex (Forex Club)?
We found that Libertex (Forex Club) is regulated by MiFID, which ensures a certain level of trust and compliance. However, it is not a publicly traded company and does not have authorizations from ASIC or the FCA. According to ForexBrokers.com, it has a Trust Score of 73, placing it in the "Average Risk" category.
Libertex (Forex Club) is currently licensed and/or authorised by the following regulatory bodies:
- Tier-1 Regulators - Regulated in the European Union via the MiFID passporting system
- Tier-2 Regulators - None
- Tier-3 Regulators - None
- Tier-4 Regulators - None
Is Libertex (Forex Club) good for beginners?
Libertex (Forex Club) may not be the best choice for beginners due to the lack of beginner education videos. While it offers advanced education videos and some forex or CFD education, our evaluation found its resources for beginners to be below average.
Feature |
Libertex (Forex Club)
|
---|---|
Education (Forex or CFDs) | Yes |
Client Webinars | No |
Videos - Beginner Trading Videos | No |
Videos - Advanced Trading Videos | Yes |
Investor Dictionary (Glossary) | No |
Libertex (Forex Club) commissions and fees summary
Libertex's commissions and fees are average, but it does offer active trader or VIP discounts. Without specific data on the EUR/USD spread cost, we can't compare it directly to the industry average of 1.08. Overall, its fees are not particularly competitive.
Feature |
Libertex (Forex Club)
|
---|---|
Minimum Deposit | $10 |
Average Spread EUR/USD - Mini | N/A |
Average Spread EUR/USD - Standard | N/A |
All-in Cost EUR/USD - Active | N/A |
Active Trader or VIP Discounts | Yes |
Libertex (Forex Club) trading platforms and tools
Did you know? Trading platforms comparison
Of the 60+ brokers reviewed on BrokerNotes, 64% offer a proprietary platform, 100% offer a web platform, 91% offer a desktop platform, 11% offer cTrader, 14% offer ZuluTrade, 81% offer MetaTrader 4, and 64% offer MetaTrader 5.
Libertex (Forex Club) provides MetaTrader 4 and a proprietary platform, but no MetaTrader 5. Its trading tools are robust and user-friendly.
Trading platforms offered: MetaTrader 4 and a proprietary platform.
Trading tools: A comprehensive set of trading tools, including copy trading capabilities.
Copy trading: Available, which is beneficial for new traders.
Feature |
Libertex (Forex Club)
|
---|---|
Virtual Trading (Demo) | Yes |
Proprietary Platform | Yes |
Desktop Platform (Windows) | Yes |
Web Platform | Yes |
MetaTrader 4 (MT4) | Yes |
MetaTrader 5 (MT5) | No |
DupliTrade | No |
Mobile trading apps at Libertex (Forex Club)
Libertex (Forex Club) offers well-regarded mobile trading apps that provide a reliable and efficient trading experience. Given its good rating for mobile trading apps, it is a recommended choice for those who prefer trading on the go.
Feature |
Libertex (Forex Club)
|
---|---|
Android App | Yes |
Apple iOS App | Yes |
Mobile Economic Calendar | Yes |
Mobile Alerts - Basic Fields | Yes |
Mobile Charting - Draw Trendlines | Yes |
Mobile Watchlist | Yes |
How do I open an account with Libertex (Forex Club)?
- Visit the Libertex (Forex Club) website.
- Click on the "Open Account" button.
- Fill in the registration form with your personal details.
- Verify your identity by uploading the required documents.
- Fund your account using one of the available funding methods.
- Start trading once your account is verified and funded.
What can I trade at Libertex (Forex Club)?
Libertex (Forex Club) offers 51 forex pairs and a total of 300 tradeable symbols. This is below the industry average of 3,623 tradeable symbols, which might limit some traders looking for a broader range of assets.
Feature |
Libertex (Forex Club)
|
---|---|
Tradeable Symbols (Total) | 300 |
Forex Pairs (Total) | 51 |
Social Trading / Copy Trading | Yes |
Cryptocurrency (Physical) | No |
Cryptocurrency (Derivative) | Yes |
Spread Betting | No |
Account funding at Libertex (Forex Club)
Libertex (Forex Club) supports several account funding options, including bank wires, Neteller, PayPal, and Skrill. However, it does not support credit cards.
Feature |
Libertex (Forex Club)
|
---|---|
Visa/Mastercard (Credit/Debit) | No |
Bank Wire (Deposit/Withdraw) | Yes |
PayPal (Deposit/Withdraw) | Yes |
Skrill (Deposit/Withdraw) | Yes |
Neteller (Deposit/Withdraw) | Yes |
About Libertex (Forex Club)
Founded in 1997, Libertex (Forex Club) has established itself as a reputable broker in the forex and CFD trading industry. The company offers a variety of trading platforms and tools, catering to different types of traders.
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Methodology
At BrokerNotes.co, our data-driven online broker reviews are based on our extensive testing of brokers, platforms, products, technologies, and third-party trading tools. Our product testing extends to the quality and availability of educational content, market research resources, and the accessibility and capabilities of mobile platforms and trading apps. We also dive into each broker’s trading costs, such as VIP rebates, inactivity fees, custody fees, bid/ask spreads, and other fee-based data points.
Steven Hatzakis, an industry veteran with decades of experience in the forex market, leads the BrokerNotes research team. All BrokerNotes content is researched, fact-checked, and edited by the research team.
All websites and web-based platforms are tested using the latest version of the Google Chrome browser. Our Desktop PCs run Windows 11, and we use MacBook Pro laptops running the latest version of macOS to test trading on the go. We test mobile apps and products using iPhones running iOS 17 and Samsung devices running Android OS 14.
Note: The online brokers on our site provide the ability to trade forex in one or more ways, such as non-deliverable spot forex (i.e., rolling spot contracts), contracts for difference (CFD), or other derivatives such as futures. The availability of specific markets or features will depend on your country of residence and the broker's applicable brand or entity that services your account(s).
Forex Risk Disclaimer
There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Learn more about foreign exchange risk.