City Index vs Libertex (Forex Club) 2025

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	Libertex (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

For commissions and fees, City Index compares favorably to Libertex (Forex Club). City Index is rated 4.5/5 stars and ranks #15 of 63 brokers on ForexBrokers.com, while Libertex holds 3/5 stars and ranks #63 of 63. City Index lists clear pricing for forex, CFDs, and spread betting that generally sits around the industry average; Libertex does not provide average spread data, making direct comparisons harder.

City Index’s average spread on EUR/USD was 0.74 pips as of July 2023—inline with the market average, though still behind top low-cost leaders like Tickmill and FP Markets. You’ll typically find the best pricing on City Index’s proprietary platforms or MetaTrader. High-volume clients may benefit from extras: the Premium Trader account (for deposits over £10,000) offers access to exclusive pricing, events, content, and dedicated support. There are also volume-based rebates for professionals: in the U.K., £4 per million after £25M monthly volume, rising to £7.5 per million above £300M; in Australia, AUD $4.5 to AUD $14.5 per million depending on tier.

By contrast, Libertex (Forex Club) does not publish average spreads, so assessing typical trading costs is less straightforward. Reflecting that, its commissions-and-fees score is lower at 3/5 stars with a #63 of 63 ranking. If transparent, published spreads and access to volume rebates matter to you, City Index’s 4.5/5 rating and #15 of 63 ranking signal a more cost-competitive offering overall.

Feature	City Index	Libertex (Forex Club)
Minimum Deposit info	£100.00	$10
Average spread (EUR/USD) - Standard account info	1.4 info	N/A info
All-in Cost EUR/USD - Active info	0.74 info	N/A info
Non-wire bank transfer info	Yes	Yes
PayPal (Deposit/Withdraw) info	Yes
Skrill (Deposit/Withdraw) info	No
Bank Wire (Deposit/Withdraw) info	Yes

Dive deeper: Best Low Spread Forex Brokers.

Range of investments

City Index vs. Libertex (Forex Club): For range of investments, City Index offers far more choice with 13,500 tradeable symbols and 66 forex pairs, compared with Libertex’s 300 symbols and 51 pairs. Both brokers support forex trading (via CFDs or spot contracts), offer crypto CFDs, and include copy trading. Neither lets you buy actual cryptocurrencies, and neither provides access to exchange-traded shares on U.S. or international stock exchanges.

City Index earns 5 stars for Range of Investments and ranks #8 out of 63 brokers on ForexBrokers.com, while Libertex is rated 3.5 stars and ranks #54. If you want the widest selection of markets, City Index has the edge; if you’re fine with a smaller lineup and still want forex, crypto CFDs, and copy trading, Libertex covers the essentials.

Feature	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. Stocks (Shares) info	No	No
Global Stocks (Non-U.S. Shares) info	No	No
Copy Trading info	Yes	Yes
Cryptocurrency (Underlying) info	No	No
Cryptocurrency (CFDs) 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

City Index vs Libertex (Forex Club): Both brokers cover the essentials for trading platforms and tools. Each offers a free demo account for paper trading, a proprietary platform, a Windows desktop download, and a web-based platform. Both support copy trading and let you trade directly from charts. If you prefer MetaTrader, each works with MetaTrader 4, while neither supports MetaTrader 5. That means a close match on core platform access across web, desktop, MT4, and social features.

Where they differ is in scores and rankings. For Trading Platforms and Tools, ForexBrokers.com rates City Index 4.5 stars and ranks it 11th out of 63 brokers, while Libertex earns 4 stars and ranks 51st. In simple terms, City Index gets the higher marks for platform experience and features, making it the stronger pick if you want a higher-rated setup. Libertex remains a practical choice if you want MT4 and copy trading and do not need MT5. Choose based on whether top-rated tools or straightforward MT4 access is your priority.

Feature	City Index	Libertex (Forex Club)
Virtual Trading (Demo) info	Yes	Yes
Proprietary Desktop Trading Platform info	Yes	Yes
Desktop Platform (Windows) info	Yes	Yes
Web Platform info	Yes	Yes
Copy Trading info	Yes	Yes
MetaTrader 4 (MT4) info	Yes	Yes
MetaTrader 5 (MT5) info	No	No
Charting - Indicators / Studies (Total) info	88	15
Charting - Trade From Chart info	Yes	Yes

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

Forex trading apps

City Index and Libertex (Forex Club) both offer mobile trading apps for iPhone and Android. Each app supports price alerts and watchlist syncing, so symbols you add or edit on your phone appear in your online account. This makes it easy to manage positions on the go without losing track of your setup.

For charting, City Index supplies 88 technical studies compared with 30 from Libertex. Both apps let you draw trendlines, but only City Index auto-saves your drawings. Based on user ratings and industry rankings, City Index scores 4.5 stars and is ranked #9 out of 63 brokers for Mobile Trading Apps by ForexBrokers.com, while Libertex holds 4 stars and ranks #50. If you want deeper chart tools and saved annotations, City Index is the stronger pick; if you just need alerts, synced watchlists, and basic drawing tools, Libertex covers the essentials.

Feature	City Index	Libertex (Forex Club)
Android App info	Yes	Yes
Apple iOS App info	Yes	Yes
Mobile Price Alerts info	Yes	Yes
Mobile Watchlists - Syncing info	Yes	Yes
Mobile Charting - Indicators / Studies info	88	30
Mobile Charting - Draw Trendlines info	Yes	Yes
Mobile Charting - Trendlines Autosave info	Yes	No

Dive deeper: Best Forex Trading Apps.

Market research

In our City Index vs Libertex (Forex Club) market research comparison, City Index stands out for everyday trading insights. City Index provides daily market commentary, streaming forex news from top-tier sources like Bloomberg, Reuters, or Dow Jones, plus Trading Central analysis and a handy sentiment tool that shows the ratio of long vs. short positions. Both brokers offer an economic calendar and neither includes Autochartist. City Index does not include TipRanks or Acuity Trading tools; Libertex’s support for TipRanks or Acuity Trading isn’t specified. Libertex also lacks daily commentary, Trading Central, and a sentiment tool, though it does deliver top-tier news and an economic calendar.

Ratings back up these differences: City Index earns 4.5/5 stars and ranks #10 out of 63 brokers for Research on ForexBrokers.com, while Libertex scores 3/5 stars and ranks #62. If you want deeper analysis and trader sentiment to guide decisions, City Index offers more. If you only need basic news and a calendar, both brokers cover those essentials.

Feature	City Index	Libertex (Forex Club)
Daily Market Commentary (Articles) info	Yes	No
Forex News (Top-Tier Sources) info	Yes	Yes
Autochartist info	No	No
Trading Central info	Yes	No
Client sentiment data info	Yes	No
TipRanks info	No
Acuity Trading info	No
Economic Calendar info	Yes	Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

Both City Index and Libertex (Forex Club) offer forex and CFD education with at least 10 learning pieces, but City Index is far more beginner-friendly. City Index delivers a big library of beginner content, including 10+ starter videos and live client webinars at least once a month. Libertex also provides education and has 10+ advanced videos, yet it lacks a comparable set of beginner-focused videos and doesn’t host monthly educational webinars—making it less helpful if you’re just getting started.

Independent ratings back this up: City Index earns 4.5 out of 5 stars for Education and ranks #9 of 63 brokers at ForexBrokers.com, while Libertex scores 3 stars and ranks #58. If you’re new and want step-by-step guidance with live sessions and beginner lessons, City Index is the stronger pick. If you’re already comfortable with the basics and mainly want advanced video content, Libertex can still fit the bill.

Feature	City Index	Libertex (Forex Club)
Webinars info	Yes	No
Videos - Beginner Trading Videos info	Yes	No
Videos - Advanced Trading Videos info	Yes	Yes

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	Libertex (Forex Club)
Overall Rating info
Trust Score info	99	73
Range of Investments
Commissions & Fees
Platforms & Tools
Research
Mobile Trading
Education

FAQs

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Overall Rating	City Index	Libertex (Forex Club)
Overall Rating info
Commissions & Fees
Range of Investments
Platforms & Tools
Mobile Trading
Research
Education
Trust Score info	99	73
Winner	check_circle
Review	City Index Review

Broker Screenshots	City Index	Libertex (Forex Club)
Broker 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
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
Israel (ISA Authorised) info	No	No
South Africa (FSCA Authorised) info	No	No
UAE (DFSA, FSRA, or SCA Authorised) info	Yes	No
India (SEBI Authorised) info	No	No
Jordan (JSC Authorised) info

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. Stocks (Shares) info	No	No
Global Stocks (Non-U.S. Shares) info	No	No
Copy Trading info	Yes	Yes
Cryptocurrency (Underlying) info	No	No
Cryptocurrency (CFDs) 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 account info	1.4 info	N/A info
All-in Cost EUR/USD - Active info	0.74 info	N/A info
Inactivity Fee info	Yes	No
Order execution: Agency info	No	No
Order execution: Market Maker info	Yes	Yes

Funding	City Index	Libertex (Forex Club)
Minimum Deposit info	£100.00	$10
PayPal (Deposit/Withdraw) info	Yes
Skrill (Deposit/Withdraw) info	No
Bank Wire (Deposit/Withdraw) info	Yes
Non-wire bank transfer info	Yes	Yes

Trading Platforms	City Index	Libertex (Forex Club)
Proprietary Desktop Trading Platform info	Yes	Yes
Desktop Platform (Windows) info	Yes	Yes
Web Platform info	Yes	Yes
Copy Trading info	Yes	Yes
MetaTrader 4 (MT4) info	Yes	Yes
MetaTrader 5 (MT5) info	No	No
cTrader info	No	No

Trading Tools	City Index	Libertex (Forex Club)
Virtual Trading (Demo) info	Yes	Yes
Price Alerts info	Yes	Yes
Charting - Indicators / Studies (Total) info	88	15
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 Price Alerts info	Yes	Yes
Mobile Watchlist [DELETED] info
Mobile Watchlists - Syncing info	Yes	Yes
Mobile Charting - Indicators / Studies info	88	30
Mobile Charting - Draw Trendlines info	Yes	Yes
Mobile Charting - Trendlines Autosave info	Yes	No
Mobile Research - Economic Calendar info	Yes	Yes

Research	City Index	Libertex (Forex Club)
Daily Market Commentary (Articles) info	Yes	No
Forex News (Top-Tier Sources) info	Yes	Yes
Autochartist info	No	No
Trading Central info	Yes	No
TipRanks info	No
Client sentiment data info	Yes	No
Economic Calendar info	Yes	Yes

Education	City Index	Libertex (Forex Club)
Webinars info	Yes	No
Videos - Beginner Trading Videos info	Yes	No
Videos - Advanced Trading Videos info	Yes	Yes

Major Forex Pairs	City Index	Libertex (Forex Club)
GBP/USD [DELETED] info
USD/JPY [DELETED] info
EUR/USD info	Yes	Yes
USD/CHF [DELETED] info
USD/CAD [DELETED] info
NZD/USD [DELETED] info
AUD/USD [DELETED] info
Review	City Index Review

Overall	City Index	Libertex (Forex Club)
Overall Rating info
Commissions & Fees
Range of Investments
Platforms & Tools
Mobile Trading
Research
Education
Trust Score info	99	73
Winner	check_circle
Review	City Index Review