Written by ForexBrokers.com
In this head to head comparison of City Index vs Libertex (Forex Club), we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% 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.
City Index and Libertex (Forex Club) are two prominent online brokers with varied backgrounds and trust levels. City Index, established in 1983, is publicly traded and holds an impressive 99 Trust Score from ForexBrokers.com, reflecting its position as a highly trusted broker. With seven Tier-1 licenses, City Index is recognized for operating under strict regulatory oversight. In contrast, Libertex, founded in 1997, is not publicly traded and carries a Trust Score of 73, indicating an average risk level. It has one Tier-1 license, suggesting it meets some, but not all, of the top regulatory requirements.
Neither City Index nor Libertex (Forex Club) is a banking institution, which is a common trait shared among many online brokerage firms. City Index has the added assurance of one Tier-2 license, emphasizing an additional layer of trustworthiness. When choosing between these brokers, potential clients might consider City Index's larger number of regulatory approvals and public trading status as factors indicative of higher trust and transparency. Meanwhile, Libertex offers a different proposition with its own set of offerings and risk profile.
| Feature |
City Index
|
Libertex (Forex Club)
|
|---|---|---|
| Year Founded | 1983 | 1997 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 7 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
City Index offers competitive pricing for trading CFDs, forex, and spread-betting products, generally aligning with the industry average. Their proprietary platforms, as well as MetaTrader, are recommended for securing optimal rates. Traders who deposit over £10,000 can benefit from the Premium Trader account, which features exclusive pricing, events, and specialized customer support. For CFD accounts, City Index's average spread on EUR/USD stands at 0.74 pips, making its overall cost competitive, though not as low as market leaders like Tickmill and FP Markets. UK-based professional traders can benefit from active trader rebates, receiving £4 per million for trading over £25 million monthly, with rates reaching up to £7.5 for larger volumes.
On the other hand, Libertex (Forex Club) does not have readily available average spread data, which may limit transparency for cost comparison. While City Index boasts a 4.5-star rating for commissions and fees, Libertex scores a modest 3 stars. Within the ForexBrokers.com Commissions and Fees category, City Index secures a respectable #14 ranking out of 62 brokers, indicating it as a favorable choice for cost-conscious traders. Meanwhile, Libertex ranks significantly lower at #61, suggesting that traders may encounter higher costs or less favorable trading conditions compared to other options.
Both brokers offer varying fee structures and account options tailored to different types of traders. City Index, with its range of active trader rebates and competitive pricing, might appeal to frequent traders looking for cost savings and exclusive perks. In contrast, traders considering Libertex should evaluate their specific needs and compare other available options to find the best deal.
| Feature |
City Index
|
Libertex (Forex Club)
|
|---|---|---|
| Minimum Deposit | £100.00 | $10 |
| Average Spread EUR/USD - Standard | 1.4 | N/A |
| All-in Cost EUR/USD - Active | 0.74 | N/A |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | Yes | Yes |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | No |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
City Index and Libertex (Forex Club) both offer forex trading as CFDs, but they differ significantly in the variety of investment options they provide. City Index shines with an impressive selection of 13,500 tradeable symbols, including 66 forex pairs, allowing investors to explore a diverse range of investment opportunities. On the other hand, Libertex (Forex Club) offers 300 tradeable symbols, which include 51 forex pairs. Both brokers do not facilitate the purchase of exchange-traded securities on U.S. or international exchanges, although they do offer copy trading and the option to trade cryptocurrency derivatives without actually owning the digital coins.
When it comes to range of investments, City Index excels, earning a five-star rating and ranking 8th among 62 brokers according to ForexBrokers.com. Libertex (Forex Club), in contrast, receives a 3.5-star rating and ranks 53rd in the same category. These distinctions highlight City Index as a more versatile option for traders seeking a wider array of investment choices, whereas Libertex may appeal to those who prefer a more straightforward selection. Both brokers meet essential forex and cryptocurrency trading needs, though City Index offers a significantly broader spectrum of trading opportunities.
| Feature |
City Index
|
Libertex (Forex Club)
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 13500 | 300 |
| Forex Pairs (Total) | 66 | 51 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | Yes | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
City Index and Libertex (Forex Club) both cater to the needs of modern traders by providing a variety of platforms and tools to enhance trading experiences. Both brokers offer proprietary platforms developed in-house, ensuring that users have access to unique features tailored to their trading needs. For those preferring established platforms, both brokers support MetaTrader 4 (MT4) but neither offers MetaTrader 5 (MT5), DupliTrade, or ZuluTrade support. They both provide a comprehensive trading experience with Windows-based desktop and web-based platforms, allowing traders to choose the environment that best suits their style and preferences. Additionally, traders can practice their strategies with free virtual demo accounts available on both platforms.
City Index takes a slight lead in terms of specific tools and ratings. It boasts a notable advantage with 239 drawing tools for charting, compared to Libertex's 30, giving traders more flexibility in technical analysis. Additionally, City Index allows for 11 watch list columns, surpassing the 7 offered by Libertex. When it comes to trading directly from stock charts, both brokers provide this functionality, enhancing decision-making processes. Rated 4.5 stars for trading platforms and tools and ranking 10th out of 62 brokers according to ForexBrokers.com, City Index stands out slightly more than Libertex, which is rated 4 stars and ranked 50th. This makes City Index a go-to option for those seeking a comprehensive toolkit and top-tier performance in online trading.
| Feature |
City Index
|
Libertex (Forex Club)
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | No | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 88 | 15 |
| Charting - Drawing Tools (Total) | 239 | 30 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 11 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of City Index and Libertex (Forex Club), both brokers offer comprehensive applications for iPhone and Android users, complete with features like price alerts and watchlist symbol syncing. Both apps support the ability to draw trendlines and view multiple time frames on their stock or forex charts. However, City Index sets itself apart by offering a significant 88 technical studies for charting, compared to Libertex's 30. Additionally, City Index's app has the added benefit of auto-saving chart drawings, a feature that Libertex's app lacks.
Creating watchlists with real-time quotes is seamlessly possible on both apps, ensuring users remain updated. City Index appears to have a slight edge in user satisfaction, earning a 4.5-star rating compared to Libertex's 4-star rating for their mobile trading experience. Ranked #9 out of 62 brokers by ForexBrokers.com, City Index also surpasses Libertex, which holds the #49 spot. Thus, for those prioritizing advanced charting tools and top-notch user experiences, City Index might be the preferred choice.
| Feature |
City Index
|
Libertex (Forex Club)
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 88 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When choosing between City Index and Libertex (Forex Club) for market research, there are several key factors to consider. City Index stands out by offering daily market commentary, which can be a crucial resource for traders looking to stay informed. Both brokers provide forex news from reputable sources like Bloomberg and Reuters, ensuring timely updates on the trading environment. However, City Index gains an edge with its sentiment-based trading tool and tools from Trading Central, helping traders analyze market trends more effectively. In contrast, Libertex lacks these specific resources and tools, making it less versatile in meeting diverse trading needs.
While both brokerages provide economic calendars to track global economic events, City Index's research offerings give it a significant advantage. The broker is highly rated for its research capabilities, garnering 4.5 stars, and is ranked number 10 out of 62 brokers on ForexBrokers.com. Libertex, on the other hand, has a lower research rating of 3 stars and ranks 60th in the same category, indicating less comprehensive support for traders seeking in-depth market analysis. These distinctions emphasize City Index’s strength in offering extensive research tools, which can be influential for those prioritizing a rich information base in their trading decisions.
| Feature |
City Index
|
Libertex (Forex Club)
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
City Index and Libertex (Forex Club) both offer educational resources for beginners interested in forex and CFDs, but they differ significantly in depth and variety. City Index provides more extensive educational materials, including over ten beginner-focused videos and an investor dictionary with definitions of over 50 terms. They enhance learning through monthly webinars and maintain an archive of recorded sessions, making it easier for beginners to find information at their own pace. Libertex, while offering general educational content and advanced videos, falls short in certain areas. They do not conduct monthly webinars or provide a searchable archive of past sessions, which can limit learning opportunities for new traders.
The difference in educational quality is reflected in their ratings and rankings. City Index shines with a 4.5-star rating, placing it as the 9th best out of 62 brokers in the education category according to ForexBrokers.com. Libertex, on the other hand, has a lower education rating of 3 stars and ranks 57th in the same category. For beginners prioritizing a comprehensive and accessible learning experience, City Index presents a stronger educational platform compared to Libertex.
| Feature |
City Index
|
Libertex (Forex Club)
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | Yes |
| Investor Dictionary (Glossary) | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that City Index is better than Libertex (Forex Club). City Index finished with an overall rank of #8, while Libertex (Forex Club) finished with an overall rank of #60.
Backed by StoneX Group, City Index is a trusted brand known for its versatile trading platforms, excellent mobile app, diverse market research, and extensive range of tradeable markets.
| Feature |
City Index
|
Libertex (Forex Club)
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 99 | 73 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platform & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
Both City Index and Libertex (Forex Club) do not provide the option to buy actual delivered cryptocurrency but do offer the ability to buy cryptocurrency derivatives.
Both City Index and Libertex (Forex Club) provide options such as ACH or SEPA transfers, PayPal, and bank wires for deposits and withdrawals, but differ in that City Index accepts Visa or Mastercard while Libertex supports Skrill.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
Select Brokers
↓×Compare
0 of 5| Overall Rating | City Index | Libertex (Forex Club) | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platform & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 99 | 73 | |
| Winner | check_circle | ||
| Review | City Index Review |
| Broker Screenshots | City Index | Libertex (Forex Club) | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) |
| ||
| Mobile Trading Gallery (click to expand) |
| ||
| Research Gallery (click to expand) |
| ||
| Education Gallery (click to expand) |
|
| Regulation | City Index | Libertex (Forex Club) | |
|---|---|---|---|
| Trust Score | 99 | 73 | |
| Year Founded | 1983 | 1997 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 7 | 1 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | City Index | Libertex (Forex Club) | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | City Index | Libertex (Forex Club) | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | City Index | Libertex (Forex Club) | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 13500 | 300 | |
| Forex Pairs (Total) | 66 | 51 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | Yes | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | City Index | Libertex (Forex Club) | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.4 | N/A | |
| All-in Cost EUR/USD - Active | 0.74 | N/A | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | City Index | Libertex (Forex Club) | |
|---|---|---|---|
| Minimum Deposit | £100.00 | $10 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | No | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | Yes |
| Trading Platforms | City Index | Libertex (Forex Club) | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | No | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | City Index | Libertex (Forex Club) | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 11 | 7 | |
| Charting - Indicators / Studies (Total) | 88 | 15 | |
| Charting - Drawing Tools (Total) | 239 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | City Index | Libertex (Forex Club) | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | Yes | |
| Mobile Charting - Indicators / Studies | 88 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | City Index | Libertex (Forex Club) | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | City Index | Libertex (Forex Club) | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | Yes | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | City Index | Libertex (Forex Club) | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | City Index Review |
| Overall | City Index | Libertex (Forex Club) | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platform & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 99 | 73 | |
| Winner | check_circle | ||
| Review | City Index Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill