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 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
|
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.
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
|
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.
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
|
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 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
|
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 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
|
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.
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
|
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 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
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Libertex (Forex Club)
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 73 |
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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.
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0 of 5| Overall Rating | City Index | Libertex (Forex Club) | |
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| Trust Score | 99 | 73 | |
| Winner | check_circle | ||
| Review | City Index Review |
| Broker Screenshots | City Index | Libertex (Forex Club) | |
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| 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) | |
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| Trust Score | 99 | 73 | |
| Winner | check_circle | ||
| Review | City Index Review |
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