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ATFX vs Libertex (Forex Club) 2022

BrokerNotes.co

Written by BrokerNotes.co

November 08, 2022

Trying to decide between ATFX 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, ATFX ranks more highly than Libertex (Forex Club).

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 RatingATFXLibertex (Forex Club)IG
Overall Rating6.6 / 106.5 / 109.7 / 10
Account TypeATFXLibertex (Forex Club)IG
Standard Trade Size (100,000 units)YesYesYes
Mini Trade Size (10,000 units)YesYesYes
Micro Trade Size (1,000 units)YesYesYes
Islamic AccountNoNoNo
Copy TradingATFXLibertex (Forex Club)IG
Social Trading / Copy TradingYesYesYes
DupliTradeNoNoNo
ZuluTradeNoNoNo
CryptocurrencyATFXLibertex (Forex Club)IG
Cryptocurrency (Physical)NoNoNo
Cryptocurrency (CFD)YesYesYes
BitcoinYesYesYes
ethereumYesYesYes
Forex Trading (Spot or CFDs)ATFXLibertex (Forex Club)IG
Forex Trading (Spot or CFDs)YesYesYes
Mobile Trading - Forex or CFDsYesYesYes
Indices (Index CFDs)ATFXLibertex (Forex Club)IG
DAXYesYesYes
Dow JonesYesYesYes
FTSEYesYesYes
NASDAQ 100YesYesYes
NikkeiYesYesYes
SP 500YesYesYes
InvestmentsATFXLibertex (Forex Club)IG
Forex Trading (Spot or CFDs)YesYesYes
Spread BettingYesNoYes
Social Trading / Copy TradingYesYesYes
MetalsYesYesYes
EnergiesYesYesYes
AgriculturalsNoYesYes
ETFYesYesYes
U.S. Stocks (CFD)YesYesYes
Trading PlatformsATFXLibertex (Forex Club)IG
Apple iOS AppYesYesYes
Android AppYesYesYes
Proprietary PlatformNoYesYes
Desktop Platform (Windows)YesYesYes
Web PlatformYesYesYes
MetaTrader 4 (MT4)YesYesYes
MetaTrader 5 (MT5)NoNoNo
Regulatory LicensesATFXLibertex (Forex Club)IG
Tier-1 Licenses117
ASIC Authorised (Australia)NoNoYes
IIROC Authorised (Canada)NoNoNo
FCA Authorised (U.K.)YesYesYes
SFC Authorised (Hong Kong)NoNoNo
MAS Authorised (Singapore)NoNoYes
FINMA Authorised (Switzerland)NoNoYes
CFTC Registered (USA)NoNoYes
Tier-2 Licenses112
Tier-3 Licenses101
Research, EducationATFXLibertex (Forex Club)IG
Trading Central (Recognia)YesNoNo
Forex News (Top-Tier Sources)NoYesYes
Daily Market CommentaryYesNoYes
AutochartistYesNoYes
Investor Dictionary (Glossary)YesNoYes
Videos - Beginner Trading VideosYesNoYes
Client Webinars (Archived)YesNoYes
Trading CostsATFXLibertex (Forex Club)IG
Minimum Initial Deposit$500$10£250.00
Average Spread EUR/USD - Standard-1-10.86 (September 2022)
All-in Cost EUR/USD - Active-1-10.5957 (September 2022)
Active Trader or VIP DiscountsNoYesYes
Bank Wire (Deposit/Withdraw)YesYesYes
Visa/Mastercard (Credit/Debit)YesNoYes
PayPal (Deposit/Withdraw)NoYesYes
Trading ToolsATFXLibertex (Forex Club)IG
Watchlists - Total Fields7714
Mobile WatchlistYesYesYes
Charting - Indicators / Studies (Total)301533
Mobile Charting - Indicators / Studies73033
Trust FactorsATFXLibertex (Forex Club)IG
Year Founded201719971974
Publicly Traded (Listed)NoNoYes
BankNoNoYes
Authorised in European UnionYesYesYes
Trust Score707299
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ATFX vs Libertex (Forex Club) Comparison

Comparing forex brokers side by side is no easy task. For our 2022 annual forex broker review, we spent hundreds of hours assessing 39 forex and CFD brokerages to find the best forex broker. Let's compare ATFX vs Libertex (Forex Club).

Can I trust ATFX?

ATFX has a trust score of 70, 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 Libertex (Forex Club)?

Libertex (Forex Club) has a trust score of 72, giving it a "High Risk" trust label.

Is ATFX a good broker?

Is Libertex (Forex Club) 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. both ATFX and Libertex (Forex Club) are 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 ATFX and Libertex (Forex Club) 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 ATFX is FSC Authorised (Mauritius), while Libertex (Forex Club) is none., 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 ATFX supports a Desktop Platform (Windows), whereas Libertex (Forex Club) supports a Proprietary Platform and Desktop Platform (Windows)., neither have cTrader, DupliTrade and ZuluTrade

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

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

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

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

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

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

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 ATFX nor Libertex (Forex Club) allow you to trade physical cryptocurrencies.

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

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

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