Libertexvs
TPFxForex Broker Comparison
Two brokers headline this forex showdown, trading on different regulatory backdrops and cost models. The axis of tension centers on protection, cost clarity, and platform choice.
Our Verdict
Libertex winsby 0.2 pts
Libertex and TPFx are closely matched. Libertex excels in regulation and instrument breadth, while TPFx offers raw spreads and Indonesian licensing.
No commercial relationship. The verdict and scores are entirely editorial. No payment influences this comparison.
Key Differences
- 1Libertex imposes an inactivity fee; TPFx does not.
- 2Libertex has investor compensation scheme; TPFx lacks one.
- 3TPFx offers raw spreads; Libertex does not.
Verdict by Trader Profile
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
Best for low cost trading
Recommended
Libertex offers tighter spreads from 0.00 pips vs 1.50 pips for TPFx, reducing trading costs.
Best for safety & regulation
Recommended
Libertex vs TPFx: Side-by-Side Forex Broker Comparison
Score
= highlighted score shows which broker leads in that category| Editorial score | 3.9/ 5 | 3.7/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 3.8 / 5▲ | 3.7 / 5 |
Libertex vs TPFx Forex Broker Pros & Cons
Pros
Very low $10 minimum deposit
Zero spread commission model, transparent cost per trade
Long operational history since 1997
MT4, MT5, and proprietary Libertex platform
Client funds held in segregated accounts
Negative balance protection
Libertex vs TPFx: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
3
Libertex
criteria wins
2
TPFx
criteria wins
Highlighted rows show where the two brokers differ
| Criteria | Libertex | TPFx |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Fail | Fail |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Pass | Fail |
| Compensation scheme (e.g. FSCS) | Pass | Fail |
| Fees & Spreads | ||
| Raw/ECN spreads available | Fail | Pass |
| No deposit fee | Pass | Pass |
| No inactivity fee | Fail | Pass |
| Transparent pricing page | Pass | Pass |
| Platforms & Tools | ||
| MT4/MT5 available | Pass | Pass |
| Proprietary platform | Pass | Pass |
| Mobile app | Pass | Pass |
| Advanced charting tools | Fail | Fail |
| Customer Support | ||
| 24/5 live chat | Pass | Pass |
| Phone support | Pass | Pass |
| Multilingual support | Pass | Fail |
Libertex vs TPFx: Frequently Asked Questions
The scores are close: Libertex rates 3.9/5 and TPFx rates 3.7/5. Libertex has a marginal edge in our scoring, but the difference is small enough that your specific priorities — fees, platforms, or regulatory jurisdiction — should guide the final choice.
Libertex starts from 0 pips, tighter than TPFx's 1.5 pips. Tighter spreads lower the cost per trade, which matters most for high-frequency and scalping strategies.
Libertex has $10, while TPFx requires at least $60. This makes Libertex more accessible for traders with limited starting capital.
Libertex is regulated by CySEC. TPFx is regulated by BAPPEBTI, OJK. Confirm a broker's current regulatory status on the relevant regulator's public register before opening an account.
Libertex stands out for beginners: it has a lower entry point and provides negative balance protection, which caps losses at your deposited amount. Also compare demo account availability and educational resources before deciding.
Libertex lists maximum leverage of 999:1, while TPFx lists up to 100:1. Available leverage depends on your jurisdiction. EU retail clients under ESMA rules are capped at 1:30 on major forex pairs.
Libertex supports MetaTrader 5, Proprietary Web/Mobile, MetaTrader 4, while TPFx supports MetaTrader 5, Proprietary Web/Mobile. Both provide MetaTrader 5 and Proprietary Web/Mobile. Libertex has exclusive access to MetaTrader 4.
