Written by ForexBrokers.com
In this head to head comparison of CMC Markets 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.
CMC Markets, a leading online broker established in 1989, is renowned for its high level of trustworthiness, boasting a top-tier Trust Score of 99 out of 99 according to ForexBrokers.com. As a publicly traded company, CMC Markets holds five Tier-1 licenses, showcasing its commitment to highly trusted regulation and compliance. Although not a bank, the company's regulatory and safety standards have helped secure its position as a reliable platform for traders around the globe.
In contrast, Libertex, also known as Forex Club, was founded slightly later in 1997 and carries a Trust Score of 73, reflecting a moderate risk level. The firm is not publicly traded and holds one Tier-1 license, which suggests a lesser degree of global regulatory oversight compared to CMC Markets. As both brokers operate without banking status, prospective clients are encouraged to consider these differences in regulatory backing and transparency to make informed trading decisions.
| Feature |
CMC Markets
|
Libertex (Forex Club)
|
|---|---|---|
| Year Founded | 1989 | 1997 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 5 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 0 |
When comparing CMC Markets and Libertex (Forex Club) on commissions and fees, CMC Markets stands out as a top choice. In the 2025 Annual Awards, it won the #1 spot in the Commissions and Fees category, thanks to its low spread offerings across all account types. With average spreads of 0.61 pips on popular currency pairs like EUR/USD, CMC Markets presents competitive pricing that outshines the industry average. Their Price Plus Scheme allows active traders to enjoy discounts based on accumulated Trading Points, offering significant savings for high-volume traders. In addition, their FX Active pricing structure, available in multiple regions, combines low commission rates with zero minimum spreads, leading to some of the best trading costs available.
In stark contrast, Libertex (Forex Club) lags behind considerably with a 3 out of 5 stars rating in commissions and fees, ranking #62 out of 63 brokers. Detailed average spread data is not available for Libertex, which can make it challenging to assess its cost-effectiveness, especially compared to the transparent and competitive pricing offered by CMC Markets. This lack of data might be a red flag for traders prioritizing cost predictability and transparency in their trading activities.
Overall, CMC Markets receives a 5-star rating in this category, ranking as the leading broker out of 63, primarily due to its aggressive pricing strategies and loyalty programs for frequent traders. With consistent and transparent pricing, CMC Markets continues to be an attractive choice for traders seeking low trading costs, while Libertex may fall short for those who prioritize detailed cost information and competitive rates.
| Feature |
CMC Markets
|
Libertex (Forex Club)
|
|---|---|---|
| Minimum Deposit | $0 | $10 |
| Average Spread EUR/USD - Standard | 0.61 | N/A |
| All-in Cost EUR/USD - Active | 0.51 | 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 it comes to choosing between CMC Markets and Libertex (Forex Club) for their range of available investments, CMC Markets stands out with a far wider selection. CMC Markets provides access to an impressive 11,925 tradeable symbols, significantly surpassing the 300 symbols available with Libertex. This expansive offering includes 156 forex pairs, allowing investors a broad spectrum to choose from, compared to Libertex's 51 forex pairs. Notably, CMC Markets allows clients to purchase exchange traded securities on both U.S. and international exchanges, while Libertex lacks this option, offering only CFDs in this domain.
Both CMC Markets and Libertex support forex trading as either a CFD or spot contract and offer cryptocurrency derivatives. Copy trading is another feature present on both platforms. However, neither broker provides the option to buy actual delivered cryptocurrency. When you compare their ratings, CMC Markets earns a 5-star rating for its range of investments, ranking 9th out of 63 brokers, while Libertex is rated 3.5 stars, placing it at the 53rd position. Overall, for investors seeking diversity and extensive market access, CMC Markets offers a broader and more comprehensive array of investment opportunities.
| Feature |
CMC Markets
|
Libertex (Forex Club)
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 11925 | 300 |
| Forex Pairs (Total) | 156 | 51 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | 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.
CMC Markets and Libertex both provide a range of tools and platforms for online trading, including simulated demo accounts and proprietary platforms developed in-house. Both brokers offer Windows-based desktop platforms and web-based trading platforms, alongside popular services like copy trading and MetaTrader 4 integration. However, CMC Markets edges ahead by also supporting MetaTrader 5, which expands its platform offerings further. Additionally, only CMC Markets provides 40 drawing tools for charting, compared to Libertex's 30, and offers more options for customizing watch lists with 11 fields versus 7 in Libertex. Furthermore, both platforms allow traders to execute trades directly from stock charts.
When evaluated on trading platforms and tools, CMC Markets shines with a 5-star rating, while Libertex is highly regarded but slightly behind with a 4-star rating. According to ForexBrokers.com, CMC Markets ranks impressively at #4 out of 63 brokers for its trading platforms and tools, whereas Libertex stands at #50. These distinctions highlight CMC Markets' comprehensive and versatile trading solutions, making it a compelling choice for traders seeking an advanced and flexible trading experience. Conversely, Libertex is better suited for those who may prioritize simpler platform requirements or have specific features they wish to focus on.
| Feature |
CMC Markets
|
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) | Yes | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 79 | 15 |
| Charting - Drawing Tools (Total) | 40 | 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 CMC Markets and Libertex (Forex Club), both provide a seamless experience for users on iPhone and Android devices. These platforms allow traders to receive stock or forex price alerts and offer watchlist symbol synchronization, ensuring that your online account and mobile app are always in sync. While CMC Markets offers 29 technical studies for charting, Libertex slightly edges out with 30. Both apps allow users to draw trendlines and view multiple chart timeframes, catering to both daily and intraday analysis needs. However, CMC Markets has an advantage by auto-saving chart drawings, a feature not available with Libertex.
Real-time quotes are accessible through customizable watchlists on both apps. CMC Markets is highly acclaimed, boasting a 5-star mobile trading app rating and ranking 5th out of 63 brokers according to ForexBrokers.com. In contrast, Libertex receives a commendable 4 stars but sits at 49th in the same ranking. Overall, while both brokers offer solid app experiences, CMC Markets captures a slight lead with added features and a higher satisfaction rating.
| Feature |
CMC Markets
|
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 | 29 | 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 CMC Markets and Libertex (Forex Club) for market research, it’s evident that CMC Markets leads the way with a comprehensive approach. CMC Markets provides investors with daily market commentary and forex news from top-tier sources such as Bloomberg, Reuters, and Dow Jones. It also includes advanced analysis tools, like Autochartist, and unique features like sentiment-based trading tools that reveal the ratio of long or short positions across different currency pairs. Furthermore, they offer traders an insightful economic calendar to track current and upcoming news events worldwide. This extensive range of tools and information has earned CMC Markets a 5-star rating and a high ranking of #6 out of 63 brokers on ForexBrokers.com.
In contrast, Libertex (Forex Club) offers a more limited set of research tools. Although it provides forex news from leading sources and an economic calendar similar to CMC Markets, it does not offer daily market commentary or access to Autochartist's advanced analytical tools. Also absent from Libertex's offerings is a sentiment-based trading tool, which could be beneficial for understanding market trends. With these limitations, Libertex has a 3-star rating and a lower ranking of #61 for research by ForexBrokers.com.
| Feature |
CMC Markets
|
Libertex (Forex Club)
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | 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 beginner traders, CMC Markets stands out with a variety of materials. They offer more than ten educational pieces focused on forex and CFDs, and their resources include both beginner and advanced trading videos. For novices, the platform boasts over ten beginner-specific videos, making it easy to dive into trading basics. Complementing these resources is a searchable archive of previously recorded client webinars, which is a valuable tool for those looking to learn at their own pace. Additionally, CMC Markets provides an investor dictionary with definitions for over 50 investing terms, which can be incredibly useful for beginners navigating the world of trading. These comprehensive offerings earn CMC Markets a 5-star rating for education and a ranking of 10th out of 63 brokers in the Education category by ForexBrokers.com.
In comparison, Libertex (Forex Club) provides foundational resources with over ten educational pieces on forex and CFDs and a selection of advanced trading videos. However, it doesn't quite match the beginner-friendly offerings of CMC Markets. Libertex lacks beginner-specific video content with fewer than ten dedicated videos for novices and does not provide a searchable archive of client webinars or an investor dictionary. These limitations contribute to its 3-star education rating and a lower ranking of 57 out of 63 brokers in the Education category by ForexBrokers.com. Although both brokers cover the basics, CMC Markets clearly has an edge in crafting a comprehensive educational experience for beginners.
| Feature |
CMC Markets
|
Libertex (Forex Club)
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | 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 CMC Markets is better than Libertex (Forex Club). CMC Markets finished with an overall rank of #4, while Libertex (Forex Club) finished with an overall rank of #61.
CMC Markets is well-trusted across the globe, and delivers a terrific trading experience thanks to its excellent pricing and selection of over 12,000 tradeable instruments.
| Feature |
CMC Markets
|
Libertex (Forex Club)
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 73 |
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Both CMC Markets and Libertex (Forex Club) provide the option to purchase cryptocurrency derivatives without offering the ability to buy actual, delivered cryptocurrencies.
CMC Markets and Libertex (Forex Club) both support ACH/SEPA transfers, PayPal, and bank wire transactions for funding and withdrawal, while CMC Markets offers Visa/Mastercard but not Skrill, and Libertex supports Skrill but lacks Visa/Mastercard options.
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 | CMC Markets | Libertex (Forex Club) | |
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| Trust Score | 99 | 73 | |
| Winner | check_circle | ||
| Review | CMC Markets Review |
| Broker Screenshots | CMC Markets | Libertex (Forex Club) | |
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| Regulation | CMC Markets | Libertex (Forex Club) | |
|---|---|---|---|
| Trust Score | 99 | 73 | |
| Year Founded | 1989 | 1997 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 5 | 1 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 0 |
| Tier-1 Licenses (Highly Trusted) | CMC Markets | 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) | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | CMC Markets | 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 | CMC Markets | Libertex (Forex Club) | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 11925 | 300 | |
| Forex Pairs (Total) | 156 | 51 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | 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 | CMC Markets | Libertex (Forex Club) | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.61 | N/A | |
| All-in Cost EUR/USD - Active | 0.51 | N/A | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | CMC Markets | Libertex (Forex Club) | |
|---|---|---|---|
| Minimum Deposit | $0 | $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 | CMC Markets | 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) | Yes | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | CMC Markets | Libertex (Forex Club) | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 11 | 7 | |
| Charting - Indicators / Studies (Total) | 79 | 15 | |
| Charting - Drawing Tools (Total) | 40 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | CMC Markets | 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 | 29 | 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 | CMC Markets | Libertex (Forex Club) | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | CMC Markets | Libertex (Forex Club) | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | 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 | CMC Markets | 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 | CMC Markets Review |
| Overall | CMC Markets | Libertex (Forex Club) | |
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| Trust Score | 99 | 73 | |
| Winner | check_circle | ||
| Review | CMC Markets Review |
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