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 it comes to commissions and fees, CMC Markets stands out as a top contender, earning the number one spot in the Commissions and Fees category in our 2025 Annual Awards. Known for its consistently low spread offerings, CMC Markets provides competitive pricing with typical spreads of 0.61 pips on the EUR/USD, as of August 2023. The firm also offers an active trader program, the Price Plus Scheme, which provides traders with opportunities to earn discounts based on trading volumes and collected Trading Points. Additionally, CMC Markets has launched a commission-based pricing structure named FX Active, which is available in several regions including Southeast Asia and the U.K. This structure charges a $2.50 commission per side with zero pip minimum spreads, leading to an all-in cost of 0.5 pips for popular currency pairs like the EUR/USD.
Currently rated 5 stars out of 5 for commissions and fees, CMC Markets' pricing and the FX Active initiative further solidify its leading position, showing minimal variance between average and advertised spreads. This makes CMC Markets an attractive choice for individuals looking for cost-effective trading options.
In contrast, Libertex (Forex Club) offers less transparency regarding its average spread data and is rated 3 stars out of 5 in the same category. Ranking 61st out of 62 brokers for commissions and fees, Libertex trails significantly behind industry leaders like CMC Markets. For traders who prioritize low trading costs and transparent pricing, CMC Markets’ comprehensive offerings and high rating may provide a more favorable trading experience compared to Libertex.
| 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.
CMC Markets and Libertex (Forex Club) are both recognized online trading platforms, but they differ significantly in the range of investments they offer. CMC Markets stands out with an impressive 11,925 tradeable symbols, compared to Libertex, which offers 300. When it comes to forex pairs, CMC Markets provides access to 156 pairs, while Libertex offers 51. Both brokers cater to those interested in forex trading using CFDs or spot contracts. However, CMC Markets distinguishes itself by offering exchange-traded securities on both U.S. and international exchanges, allowing clients to invest in companies like Apple and Vodafone. In contrast, Libertex does not provide access to exchange-traded securities. Both platforms offer copy trading and the ability to invest in cryptocurrency derivatives, but neither supports buying actual cryptocurrencies.
In terms of overall performance in the range of investments offered, CMC Markets earns a 5-star rating, ranking 9th out of 62 brokers according to ForexBrokers.com. This reflects its extensive variety of investment options. Libertex, with a 3.5-star rating, ranks 53rd, indicating a more limited selection compared to some of its competitors. For investors seeking a broad array of trading options, CMC Markets might be the more appealing choice, thanks to its comprehensive offering and access to a wide range of markets.
| 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 (Forex Club) both offer excellent platforms and tools for online trading, each providing a proprietary platform that traders can access either through a Windows-based desktop download or a web-based interface. Both brokers support critical tools like simulated paper trading and MetaTrader 4, with CMC Markets extending its offerings to include MetaTrader 5. While neither broker supports DupliTrade or ZuluTrade, both provide copy trading features. CMC Markets stands out with 40 drawing tools for charting and the ability to set up 11 columns in watch lists compared to Libertex’s 30 tools and 7 columns, giving traders more detailed customization options. They also both enable trading directly from stock charts, ensuring efficient execution of trades.
When evaluated by ForexBrokers.com, CMC Markets takes a strong lead in the Trading Platforms and Tools category, securing a 5-star rating and ranking 4th out of 62 brokers. In contrast, Libertex (Forex Club), while still offering valuable platforms, comes with a slightly lower 4-star rating and ranks 50th. These rankings reflect the comprehensive and user-friendly tools that CMC Markets provides, catering to both novice and experienced traders seeking a versatile and high-performing trading environment.
| 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.
Both CMC Markets and Libertex (Forex Club) offer iPhone and Android apps designed to enhance the mobile trading experience. They allow traders to receive price alerts and keep their watchlists synchronized between mobile and online platforms. While CMC Markets provides 29 technical studies for charting, Libertex offers a slight edge with 30. Both apps enable users to draw trendlines and switch between various time frames, such as daily, weekly, or intraday views on the charts. However, when it comes to saving drawings, only CMC Markets offers automatic saving, which can be a significant convenience for users who frequently annotate their charts.
When it comes to watchlist capabilities, both apps allow the creation of lists with real-time quotes, ensuring traders are always informed. Despite their similarities, there's a noticeable difference in their ratings and rankings. CMC Markets comes out stronger, boasting a five-star rating and securing the 5th spot among 62 brokers in the Mobile Trading Apps category according to ForexBrokers.com. In contrast, Libertex is rated four stars and ranks 49th, highlighting a gap in user satisfaction and app performance. Overall, CMC Markets seems positioned as a preferred choice for those prioritizing highly rated mobile trading features.
| 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 it comes to market research, CMC Markets stands out in several key areas compared to Libertex (Forex Club). CMC Markets provides daily market commentary to keep investors informed of the latest trends and insights, which is not offered by Libertex. Additionally, both platforms supply forex news from top-tier sources like Bloomberg and Reuters, ensuring that their clients have access to high-quality information. CMC Markets further distinguishes itself with a variety of tools, such as those from Autochartist and a sentiment-based trading tool, which Libertex does not provide. These resources are crucial for traders looking to conduct in-depth technical and fundamental analysis.
Both CMC Markets and Libertex feature an economic calendar showcasing global news events, but CMC Markets' broader array of tools and resources have earned it a higher rating in research, with five stars compared to Libertex's three. This is reflected in their rankings by ForexBrokers.com, where CMC Markets is positioned at an impressive #6 out of 62 brokers, while Libertex lags behind at #60. For traders focused on comprehensive research capabilities, CMC Markets offers more extensive support to facilitate informed trading decisions.
| 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 beginners, CMC Markets and Libertex (Forex Club) both offer at least 10 educational pieces, such as articles and videos, focused on forex or CFDs. However, there are some key differences in their offerings. CMC Markets provides a searchable archive of recorded webinars, making it easier for users to access previously available educational content. In contrast, Libertex does not offer this feature. Additionally, CMC Markets excels with its wide selection of beginner educational videos, offering more than 10, while Libertex falls short in this area.
In terms of advanced educational content, both platforms offer over 10 videos tailored for experienced traders. CMC Markets also offers an engaging resource in the form of an investor dictionary with definitions for over 50 investing terms, a feature Libertex currently lacks. Overall, CMC Markets receives a stellar education rating of 5 stars and is ranked 10th out of 62 brokers by ForexBrokers.com, highlighting its strong educational support. Meanwhile, Libertex is rated at 3 stars and ranks 57th, indicating room for improvement in educational offerings for its users.
| 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 62 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 #60.
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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