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.
When it comes to choosing an online broker, understanding their background and regulatory stance is crucial. Established in 1989, CMC Markets is a publicly traded company and holds an impressive six Tier-1 licenses, highlighting its commitment to maintaining high trust and security levels. This broker boasts a near-perfect Trust Score of 99 out of 99 on ForexBrokers.com, reflecting its reputation as a highly trusted entity despite not being a bank. In contrast, Libertex (Forex Club), founded in 1997, is not publicly traded and holds only one Tier-1 license. With a Trust Score of 73, this broker presents an average risk according to ForexBrokers.com. Both brokers are not banks, ensuring their focus remains solely on trading services.
| Feature |
CMC Markets
|
Libertex (Forex Club)
|
|---|---|---|
| Year Founded | 1989 | 1997 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 6 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 0 |
CMC Markets clearly leads Libertex (Forex Club) on trading costs. In ForexBrokers.com’s 2025 Annual Awards, CMC Markets ranked #1 of 63 brokers for Commissions and Fees and earned 5 stars, while Libertex ranked #63 of 63 with a 3‑star rating. Libertex does not publish average spread data, which makes direct price comparisons harder, whereas CMC Markets provides detailed figures and transparent pricing options.
CMC Markets’ typical EUR/USD spread was 0.61 pips (August 2023), and its FX Active plan uses commission-based pricing of $2.50 per side with minimum spreads from 0.0, delivering about 0.5 pip all-in on EUR/USD and five other pairs. For example, NZD/USD is about 1.5 pips on the standard offering but drops to roughly 0.5 pips all-in with FX Active. Historically, CMC’s average spreads have stayed close to its minimums, reinforcing its low-cost profile.
High-volume traders at CMC Markets can also save with the Price Plus Scheme: you earn Trading Points (two per standard lot), and at Tier 4 a 20% spread discount kicks in after 1,250 lots in a month. By contrast, with Libertex (Forex Club) lacking average spread disclosures, assessing ongoing trading costs is less straightforward. For traders who prioritize low, transparent spreads and clear fee structures, CMC Markets stands out.
| Feature |
CMC Markets
|
Libertex (Forex Club)
|
|---|---|---|
| Minimum Deposit | $0 | $10 |
| Average Spread EUR/USD - Standard | 1.3 | N/A |
| All-in Cost EUR/USD - Active | 0.65 | 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 offers a far wider range of investments than Libertex (Forex Club). Traders get 12,029 tradeable symbols at CMC Markets versus 300 with Libertex, and 141 forex pairs compared with 51. Both brokers let you trade forex either as CFDs or spot, support copy trading, and provide crypto exposure through derivatives (not direct coin purchases). Neither broker offers buying actual cryptocurrency. The biggest difference is the sheer number of markets you can access.
If you want to buy exchange-traded stocks rather than CFDs, CMC Markets is the only choice here: it offers shares on U.S. exchanges (like Apple) and on international exchanges (such as Vodafone), while Libertex does not provide exchange-traded securities. Reflecting this wider access, ForexBrokers.com rates CMC Markets 5 stars for Range of Investments and ranks it 9th out of 63 brokers; Libertex earns 3.5 stars and ranks 54th. Choose CMC Markets for the largest menu of markets, or Libertex if its smaller list covers what you need.
| Feature |
CMC Markets
|
Libertex (Forex Club)
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 12029 | 300 |
| Forex Pairs (Total) | 141 | 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.
Comparing trading platforms and tools, both CMC Markets and Libertex (Forex Club) offer free paper trading via demo accounts, in-house proprietary platforms, and both web-based and Windows desktop platforms. Each supports copy trading and MetaTrader 4 (MT4); however, only CMC Markets also supports MetaTrader 5 (MT5). Neither broker connects to DupliTrade or ZuluTrade.
For charting and interface features, both brokers let you place trades directly from charts. CMC Markets provides 36 drawing tools versus 30 at Libertex, and 11 watch list columns compared with 7 at Libertex. Indicator counts were not provided. For Trading Platforms and Tools, ForexBrokers.com rates CMC Markets 5 stars and ranks it #4 out of 63 brokers, while Libertex earns 4 stars and ranks #51—making CMC Markets the stronger pick if you want more platform choices and in-depth tools, and Libertex a fit for a simpler setup.
| 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) | 73 | 15 |
| Charting - Drawing Tools (Total) | 36 | 30 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 11 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading, both CMC Markets and Libertex (Forex Club) check the core boxes. Each offers an iPhone and Android app with real-time watchlists, price alerts, and watchlist syncing between mobile and the web—so your changes carry over wherever you log in. You can build watchlists with live quotes on both platforms, making it easy to track markets on the go.
For charting, both apps let you draw trendlines and switch among multiple time frames. Libertex lists 30 technical studies, while CMC Markets offers 29. The key difference: CMC’s app auto-saves your chart drawings, but Libertex’s app does not. That usability edge helps explain the scores—CMC Markets earns 5 stars and ranks #5 out of 63 brokers for Mobile Trading Apps on ForexBrokers.com, while Libertex holds 4 stars and ranks #50. If you rely on saved annotations and a higher-rated experience, CMC Markets is the stronger pick; if you just need the essentials with a wide set of indicators, Libertex still delivers.
| 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.
CMC Markets vs Libertex (Forex Club): For market research, CMC Markets stands out. It offers daily market commentary, forex news from top-tier sources, Autochartist-powered technical analysis, a sentiment tool showing long vs short positions, and an in-depth economic calendar. Libertex provides top-tier forex news and an economic calendar, but lacks daily commentary, Autochartist tools, and a sentiment gauge. Neither broker lists Trading Central. CMC Markets does not include TipRanks or Acuity Trading; Libertex does not list these integrations.
Ratings reflect the gap: CMC Markets earns 5 stars for Research and ranks #6 out of 63 brokers on ForexBrokers.com, while Libertex holds 3 stars and ranks #62. If you value frequent insights and built-in research tools, CMC Markets is the stronger choice; Libertex covers the basics with news and a calendar.
| 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 | |
| Signal Centre (Acuity Trading) | No | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
CMC Markets vs Libertex (Forex Club): both brokers provide forex and CFD education with at least 10 articles, videos, or similar resources. For beginners, CMC Markets goes further. It offers at least 10 beginner-focused video lessons and a searchable archive of recorded webinars, plus an investor dictionary covering 50+ trading terms to help you learn the basics. Libertex does not provide a webinar archive, does not meet the 10-video threshold for beginner topics, and does not offer a large investor glossary, though it does deliver at least 10 advanced trading videos. Neither broker runs monthly live educational webinars.
Independent ratings back up the difference for new traders: CMC Markets earns 5 stars for Education and ranks #10 out of 63 brokers on ForexBrokers.com, while Libertex (Forex Club) scores 3 stars and ranks #58. If you want beginner-friendly forex and CFD education with plenty of videos and clear definitions, CMC Markets is the stronger pick; Libertex may suit traders who mainly want some materials and advanced videos without extra learning tools.
| 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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| Broker Gallery (click to expand) |
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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 | 6 | 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) | |||
| 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) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA, FSRA, or SCA Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | CMC Markets | Libertex (Forex Club) | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 12029 | 300 | |
| Forex Pairs (Total) | 141 | 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 | 1.3 | N/A | |
| All-in Cost EUR/USD - Active | 0.65 | 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) | 73 | 15 | |
| Charting - Drawing Tools (Total) | 36 | 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 | ||
| 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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