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Libertex (Forex Club) Review 2024

Written by BrokerNotes.co
Fact-checked by Steven Hatzakis, Joey Shadeck
Edited by Jeff Anberg

June 10, 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

6.7 / 10

Minimum Deposit

$10

Trust Score info

Average Risk

Pros and Cons

thumb_up_off_alt 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.

thumb_down_off_alt 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) info	Yes
Client Webinars info	No
Videos - Beginner Trading Videos info	No
Videos - Advanced Trading Videos info	Yes
Investor Dictionary (Glossary) info	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 info	$10
Average Spread EUR/USD - Mini info	N/A info
Average Spread EUR/USD - Standard info	N/A info
All-in Cost EUR/USD - Active info	N/A info
Active Trader or VIP Discounts info	Yes

Libertex (Forex Club) trading platforms and tools

tips_and_updates 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) info	Yes
Proprietary Platform info	Yes
Desktop Platform (Windows) info	Yes
Web Platform info	Yes
MetaTrader 4 (MT4) info	Yes
MetaTrader 5 (MT5) info	No
DupliTrade info	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 info	Yes
Apple iOS App info	Yes
Mobile Economic Calendar info	Yes
Mobile Alerts - Basic Fields info	Yes
Mobile Charting - Draw Trendlines info	Yes
Mobile Watchlist info	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) info	300
Forex Pairs (Total) info	51
Social Trading / Copy Trading info	Yes
Cryptocurrency (Physical) info	No
Cryptocurrency (Derivative) info	Yes
Spread Betting info	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) info	No
Bank Wire (Deposit/Withdraw) info	Yes
PayPal (Deposit/Withdraw) info	Yes
Skrill (Deposit/Withdraw) info	Yes
Neteller (Deposit/Withdraw) info	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.

About the Editorial Team

BrokerNotes.co provides unbiased forex broker reviews and ratings to help traders and investors find the best broker for their needs. All content is researched, fact-checked, and edited by our research team and all ratings and rankings are based on the team’s in-depth product testing.

Steven Hatzakis is the Global Director of Online Broker Research for BrokerNotes.co and ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA).

Joey Shadeck is the Content Strategist and Research Analyst for BrokerNotes.co and ForexBrokers.com. He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years. An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content.

Jeff Anberg is a Staff Editor at BrokerNotes.co and ForexBrokers.com. Along with years of experience in media distribution at a global newsroom, Jeff has a versatile knowledge base encompassing the technology and financial markets. He is a long-time active investor and engages in research on emerging markets like cryptocurrency. Jeff holds a Bachelor’s Degree in English Literature with a minor in Philosophy from San Francisco State University.