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City Index vs Libertex (Forex Club) 2025

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025

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.

City Index
5/5 Stars Overall
  • Minimum Deposit: £100.00
  • Trust Score: 99
  • Tradeable Symbols (Total): 13500
Libertex (Forex Club)
3.5/5 Stars Overall
  • Minimum Deposit: $10
  • Trust Score: 73
  • Tradeable Symbols (Total): 300

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.

Regulation

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 logoCity Index
Libertex (Forex Club) logoLibertex (Forex Club)
Year Founded info 1983 1997
Publicly Traded (Listed) info Yes No
Bank info No No
Tier-1 Licenses info 7 1
Tier-2 Licenses info 1 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 0

Fees

City Index and Libertex (Forex Club) differ significantly when it comes to their commissions and fees. City Index offers competitive pricing that aligns with industry standards for trading CFDs, forex, and spread-betting products. Traders using City Index’s proprietary platforms or MetaTrader can access the best rates. Moreover, for those who deposit over £10,000, the Premium Trader account provides exclusive pricing, events, and content along with dedicated customer support. With an average spread of 0.74 pips on the EUR/USD, City Index maintains a mean cost that trails behind leading forex brokers. Additionally, it offers rebates for active traders in the U.K. and Australia, enhancing its appeal to those trading in high volumes.

On the other hand, Libertex (Forex Club) does not offer specific average spread data, making it challenging to compare directly with the detailed information available from City Index. This lack of transparency can be a consideration for traders seeking detailed pricing metrics. Between the two, City Index stands out with a higher star rating of 4.5 out of 5 for its commissions and fees, while Libertex scores 3 stars.

In terms of rankings, City Index holds a respectable position, standing at #14 out of 63 brokers as per ForexBrokers.com. This is considerably higher compared to Libertex’s ranking at #62. These distinctions highlight City Index as a more favorable option for traders who prioritize comprehensive pricing strategies and competitive fees in their trading activities.

Feature City Index logoCity Index
Libertex (Forex Club) logoLibertex (Forex Club)
Minimum Deposit info £100.00 $10
Average Spread EUR/USD - Standard info 1.4 info N/A info
All-in Cost EUR/USD - Active info 0.74 info N/A info
Active Trader or VIP Discounts info Yes Yes
ACH or SEPA Transfers info Yes Yes
PayPal (Deposit/Withdraw) info Yes Yes
Skrill (Deposit/Withdraw) info No Yes
Visa/Mastercard (Credit/Debit) info Yes No
Bank Wire (Deposit/Withdraw) info Yes Yes

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

When comparing City Index and Libertex (Forex Club) for their range of investment offerings, there are some notable differences to consider. City Index provides access to an impressive 13,500 tradable symbols, which includes 66 forex pairs, offering extensive options for traders looking to diversify their portfolios. In contrast, Libertex (Forex Club) offers 300 tradable symbols, of which 51 are forex pairs. Both brokers support forex trading via CFDs or spot contracts, cryptocurrency derivatives, and provide copy trading features. However, neither broker offers the option to purchase actual cryptocurrencies or exchange-traded securities on either U.S. or international exchanges.

Regarding their ratings and rankings, City Index shines with a 5-star rating for the range of investments, positioning it at #8 out of 63 brokers as reviewed by ForexBrokers.com. On the other hand, Libertex (Forex Club) holds a 3.5-star rating and is ranked #53 in the same category. This distinction highlights City Index's more comprehensive range of investment options, making it a more appealing choice for those seeking broader market access.

Feature City Index logoCity Index
Libertex (Forex Club) logoLibertex (Forex Club)
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 13500 300
Forex Pairs (Total) info 66 51
U.S. Stock Trading (Non CFD) info No No
Int'l Stock Trading (Non CFD) info No No
Social Trading / Copy Trading info Yes Yes
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info 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.

Trading platforms and tools

When comparing City Index and Libertex (Forex Club) in terms of their trading platforms and tools, both brokers demonstrate strong offerings but differ in several key areas that may influence your choice. Both City Index and Libertex provide simulated trading with free virtual demo accounts, allowing users to practice without financial risk. Each broker has developed its own proprietary platform and offers a Windows-based desktop download as well as a web-based trading option. MetaTrader 4 is supported by both, but neither offers MetaTrader 5, DupliTrade, or ZuluTrade. Copy trading is available with both platforms, ensuring traders have access to diverse strategies and community insights.

City Index stands out for its technical capabilities, offering 239 drawing tools compared to Libertex's 30 and enabling more detailed chart analysis. Traders can execute trades directly from stock charts with both brokers, facilitating a smoother trading experience. When it comes to watch lists, City Index again takes the lead with 11 customizable columns compared to Libertex's 7. These features contribute to City Index's higher user rating of 4.5 stars out of 5 for trading platforms and tools, while Libertex receives a respectable 4 stars. In terms of ranking, City Index holds the 11th position out of 63 brokers on ForexBrokers.com, whereas Libertex is ranked at number 50. This comparison highlights City Index's superior platform customization and overall trading tool enhancements, appealing to both novice and expert traders.

Feature City Index logoCity Index
Libertex (Forex Club) logoLibertex (Forex Club)
Virtual Trading (Demo) info Yes Yes
Proprietary Platform info Yes Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info No No
DupliTrade info No No
ZuluTrade info No No
Charting - Indicators / Studies (Total) info 88 15
Charting - Drawing Tools (Total) info 239 30
Charting - Trade From Chart info Yes Yes
Watchlists - Total Fields info 11 7

Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.

Forex trading apps

When comparing the mobile trading apps of City Index and Libertex (Forex Club), both platforms offer a seamless trading experience on iPhone and Android devices. They each provide valuable features such as stock and forex price alerts and syncable watchlists between mobile apps and online accounts. However, City Index stands out with a more extensive selection of technical studies, offering 88 compared to Libertex’s 30. Both apps allow users to draw trendlines and switch between different time frames on charts, but City Index has the added advantage of auto-saving chart drawings, a feature not available on the Libertex app.

In terms of user ratings, City Index shines with a 4.5-star rating for its mobile trading app, while Libertex scores slightly lower at 4 stars. This difference is reflected in their rankings by ForexBrokers.com, where City Index holds a commendable 9th position out of 63 brokers, whereas Libertex ranks at 49th place. Both apps support the creation of real-time watchlists, offering a similar level of convenience. Overall, traders may find City Index to be a more feature-rich and highly rated option, thus potentially meeting their trading needs more effectively.

Feature City Index logoCity Index
Libertex (Forex Club) logoLibertex (Forex Club)
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Watchlist Syncing info Yes Yes
Mobile Charting - Indicators / Studies info 88 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes No
Mobile Watchlist info Yes Yes

Dive deeper: Best Forex Trading Apps.

Market research

When comparing the market research offerings of City Index and Libertex (Forex Club), distinct differences emerge. City Index provides daily market commentary and forex news from eminent sources like Bloomberg and Reuters, while Libertex lacks daily commentary but matches City Index in top-tier news coverage. City Index stands out with Trading Central's technical analysis tools, offering valuable insights for traders, whereas Libertex does not feature this resource. Additionally, City Index offers a sentiment-based trading tool, providing clear market position ratios, which Libertex does not offer. Both platforms provide an economic calendar, keeping traders informed of key global events.

City Index holds a significantly higher research rating of 4.5 stars compared to Libertex's 3 stars. This distinction is further highlighted in their rankings by ForexBrokers.com, where City Index holds a commendable 10th spot out of 63 brokers, while Libertex is considerably lower at 61st. These differences underscore City Index's stronger focus on providing comprehensive market research tools and insights, making it a more preferred choice for traders seeking in-depth analysis and commentary.

Feature City Index logoCity Index
Libertex (Forex Club) logoLibertex (Forex Club)
Daily Market Commentary info Yes No
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No No
Trading Central (Recognia) info Yes No
Social Sentiment - Currency Pairs info Yes No
TipRanks info No No
Signal Centre (Acuity Trading) info No No
Economic Calendar info Yes Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

When it comes to educational resources for beginners, City Index stands out by offering a wide array of options to support new traders. They provide over 10 educational materials focused on forex and CFDs which include articles, videos, and archived webinars. Additionally, City Index hosts online client webinars at least once a month, with a handy searchable archive of past sessions. Beginners will also appreciate their dedicated suite of over 10 educational videos tailored to newbie traders, along with a comprehensive dictionary of investing terms featuring more than 50 definitions. These features contribute to their impressive 4.5-star education rating and a ranking of 9th in the education category by ForexBrokers.com.

In contrast, Libertex (Forex Club) offers a more modest educational suite. They provide over 10 pieces focused on forex and CFDs, similar to City Index. However, they do not offer regular online webinars or a searchable archive of past recordings. Furthermore, while they do provide advanced trading videos for experienced traders, they fall short in offering beginner-specific educational videos. The absence of an investor dictionary further limits their appeal as an educational resource for newcomers. Libertex is rated 3 stars for education and holds the 57th position in the category by ForexBrokers.com, illustrating significant room for improvement in supporting new traders compared to City Index.

Feature City Index logoCity Index
Libertex (Forex Club) logoLibertex (Forex Club)
Education (Forex or CFDs) info Yes Yes
Client Webinars info Yes No
Client Webinars (Archived) info Yes No
Videos - Beginner Trading Videos info Yes No
Videos - Advanced Trading Videos info Yes Yes
Investor Dictionary (Glossary) info Yes No

Dive deeper: Best Forex Brokers for Beginners.

Winner

After testing 63 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 #61.

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 logoCity Index
Libertex (Forex Club) logoLibertex (Forex Club)
Overall Rating info 5/5 Stars 3.5/5 Stars
Trust Score info 99 73
Range of Investments 5/5 Stars 3.5/5 Stars
Commissions & Fees 4.5/5 Stars 3/5 Stars
Platforms & Tools 4.5/5 Stars 4/5 Stars
Research 4.5/5 Stars 3/5 Stars
Mobile Trading 4.5/5 Stars 4/5 Stars
Education 4.5/5 Stars 3/5 Stars

FAQs

Can you trade cryptocurrency with City Index or Libertex (Forex Club)?

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.

What funding options does each broker offer?

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.




announcementPlease 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.

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Compare

0 of 5
Overall Rating City Index Libertex (Forex Club)
Overall Rating info 5/5 Stars 3.5/5 Stars
Commissions & Fees 4.5/5 Stars 3/5 Stars
Range of Investments 5/5 Stars 3.5/5 Stars
Platforms & Tools 4.5/5 Stars 4/5 Stars
Mobile Trading 4.5/5 Stars 4/5 Stars
Research 4.5/5 Stars 3/5 Stars
Education 4.5/5 Stars 3/5 Stars
Trust Score info 99 73
Winner check_circle
Review City Index Review
Broker Screenshots City Index Libertex (Forex Club)
Trading Platforms Gallery (click to expand) info
Mobile Trading Gallery (click to expand) info
Research Gallery (click to expand) info
Education Gallery (click to expand) info
Regulation City Index Libertex (Forex Club)
Trust Score info 99 73
Year Founded info 1983 1997
Publicly Traded (Listed) info Yes No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes info
Tier-1 Licenses info 7 1
Tier-2 Licenses info 1 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 0
Tier-1 Licenses (Highly Trusted) City Index Libertex (Forex Club)
Australia (ASIC Authorised) info Yes No
Canada (CIRO Authorised) info Yes No
Hong Kong (SFC Authorised) info No No
Japan (SFC Authorised) info No No
Singapore (MAS Authorised) info Yes No
Switzerland (FINMA Authorised) info No No
United Kingdom (U.K.) (FCA Authorised) info Yes No
USA (CFTC Authorized) info No No
New Zealand (FMA Authorised) info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes info
Tier-2 Licenses (Trusted) City Index Libertex (Forex Club)
Kenya (CMA Authorised) info No No
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info No No
UAE (DFSA/Central Bank Authorised) info Yes No
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info No No
Investments City Index Libertex (Forex Club)
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 13500 300
Forex Pairs (Total) info 66 51
U.S. Stock Trading (Non CFD) info No No
Int'l Stock Trading (Non CFD) info No No
Social Trading / Copy Trading info Yes Yes
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info 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 info 1.4 info N/A info
All-in Cost EUR/USD - Active info 0.74 info N/A info
Active Trader or VIP Discounts info Yes Yes
Inactivity Fee info Yes No
Execution: Agency Broker info No No
Execution: Market Maker info Yes Yes
Funding City Index Libertex (Forex Club)
Minimum Deposit info £100.00 $10
PayPal (Deposit/Withdraw) info Yes Yes
Skrill (Deposit/Withdraw) info No Yes
Visa/Mastercard (Credit/Debit) info Yes No
Bank Wire (Deposit/Withdraw) info Yes Yes
ACH or SEPA Transfers info Yes Yes
Trading Platforms City Index Libertex (Forex Club)
Proprietary Platform info Yes Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info No No
cTrader info No No
DupliTrade info No No
ZuluTrade info No No
Trading Tools City Index Libertex (Forex Club)
Virtual Trading (Demo) info Yes Yes
Alerts - Basic Fields info Yes Yes
Watchlists - Total Fields info 11 7
Charting - Indicators / Studies (Total) info 88 15
Charting - Drawing Tools (Total) info 239 30
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes Yes
Mobile Trading City Index Libertex (Forex Club)
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Mobile Watchlist info Yes Yes
Watchlist Syncing info Yes Yes
Mobile Charting - Indicators / Studies info 88 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes No
Mobile Economic Calendar info Yes Yes
Research City Index Libertex (Forex Club)
Daily Market Commentary info Yes No
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No No
Trading Central (Recognia) info Yes No
TipRanks info No No
Social Sentiment - Currency Pairs info Yes No
Economic Calendar info Yes Yes
Education City Index Libertex (Forex Club)
Education (Forex or CFDs) info Yes Yes
Client Webinars info Yes No
Client Webinars (Archived) info Yes No
Videos - Beginner Trading Videos info Yes No
Videos - Advanced Trading Videos info Yes Yes
Investor Dictionary (Glossary) info Yes No
Major Forex Pairs City Index Libertex (Forex Club)
GBP/USD info Yes Yes
USD/JPY info Yes Yes
EUR/USD info Yes Yes
USD/CHF info Yes Yes
USD/CAD info Yes Yes
NZD/USD info Yes Yes
AUD/USD info Yes Yes
Review City Index Review
Overall City Index Libertex (Forex Club)
Overall Rating info 5/5 Stars 3.5/5 Stars
Commissions & Fees 4.5/5 Stars 3/5 Stars
Range of Investments 5/5 Stars 3.5/5 Stars
Platforms & Tools 4.5/5 Stars 4/5 Stars
Mobile Trading 4.5/5 Stars 4/5 Stars
Research 4.5/5 Stars 3/5 Stars
Education 4.5/5 Stars 3/5 Stars
Trust Score info 99 73
Winner check_circle
Review City Index Review
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