Founded in , the Forex Club brand was one of the first few retail forex brokers to emerge in the online brokerage industry. The firm also offers the Rumus platform at select locations, providing fixed spreads on forex, in addition to variable spreads on other platforms. The trading costs at Forex Club Libertex depend on the platform chosen, and range from fixed spreads on the Rumus platform to variable spreads on MT4.
The broker also offers various account tiers — Silver, Gold, Platinum, Diamond, and Exclusive — which depend on the amount deposited. Forex Club Libertex provides daily blog updates from its team of in-house analysts covering technical and fundamental market news and various research content from third-party companies. Headlines stream from FXWire Pro, and video content is provided by TradingCentral, which also powers headlines in the Libertex platform.
The broker also offers AutoChartist — a popular solution for automated technical analysis and analyzing trading opportunities. Further analysis tools as well as trading signals are provided by Trading Central.
Forex Club also offers the Rumus platform, which features fixed-spreads pricing compared to variable spreads on its other platforms.
Starting with the web version, my first impression was that it has a smooth interface built on HTML 5, which is becoming the industry standard to help support best practices for browser compatibility. Charting on the platform appears very light at first, with only nine time frames available, and six chart types, yet once expanded into full-screen mode or clicking the technical analysis button 73 drawing tools and 43 technical indicators become accessible, which was a nice surprise.
Besides charting, another pleasing feature on the platform is the rising and falling column, which acts as a pre-defined screener that sifts from among the instruments available to show top gainers and losers. Sentiment is also shown alongside each instrument. Beyond these features, the Libertex platform lacks depth of functionality and is basic. The broker also offers its StartFX mobile app to existing clients but has discontinued it for new customers.
For this review, I focused on the Libertex mobile app for Android. Initial impressions upon logging in to the app were that it has a smooth and responsive interface, just like its Libertex web counterpart. Creating an order and managing open positions is smooth, and stop-loss and limit levels can be added either as a dollar amount or in pips.
Overall, the app has a good foundation and even features news headlines from FxWire Pro and videos and trading signals from Trading Central, as well as educational videos and live chat. Adding an economic calendar and additional research tools would be useful and would help Libertex mobile compete with more established mobile apps.
Vincent and Grenadines entity, Libertex. In the Russian entity, only currency pairs are offered, whereas in the Cyprus and Belarusian entity no cryptocurrencies such as Bitcoin and Litecoin which are only offered from St. Vincent and the Grenadines entity are available. Meanwhile, clients might not always be sure which entity they are dealing with as some of the related brand names are used interchangeably across entities, and this should be clarified to avoid any confusion.
For our Forex Broker Review we assessed, rated, and ranked 20 international forex brokers. Each FX broker was graded on variables. There is a very high degree of risk involved in trading securities. With respect to foreign exchange trading, 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 currency pair.
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. Steven previously served as an Editor for Finance Magnates, where he authored over 1, published articles about the online finance industry. Over the past 18 years, Steven has held numerous positions within the international forex markets, from writing to consulting to serving as a registered commodity futures representative.