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CMC Markets vs Libertex (Forex Club) 2022

BrokerNotes.co

Written by BrokerNotes.co

Last updated August 30, 2022
Published April 26, 2022

Trying to decide between CMC Markets and Libertex (Forex Club)? We’ve taken the guesswork out of the equation with our Comparison Tool. Use our tool to compare hundreds of data points, side-by-side, to see how these two brokers stack up against each other.

Based on our extensive research, hands-on testing, and expert analysis of over a hundred data-driven variables, we've determined that, overall, CMC Markets ranks more highly than Libertex (Forex Club).

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 65% and 82% 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.
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Overall Rating expand_moreexpand_less CMC Markets Libertex (Forex Club) IG
Overall Rating 9.4 / 10 6.5 / 10 9.7 / 10
Account Type expand_moreexpand_less CMC Markets Libertex (Forex Club) IG
Standard Account Yes Yes Yes
Mini Account Yes Yes Yes
Micro Account Yes Yes Yes
Islamic Account No No No
Copy Trading expand_moreexpand_less CMC Markets Libertex (Forex Club) IG
Social Trading / Copy Trading Yes Yes Yes
DupliTrade No No No
ZuluTrade No No No
Cryptocurrency expand_moreexpand_less CMC Markets Libertex (Forex Club) IG
Cryptocurrency (Physical) No No No
Cryptocurrency (CFD) Yes Yes Yes
Bitcoin Yes Yes Yes
ethereum Yes Yes Yes
Forex Trading (Spot or CFDs) expand_moreexpand_less CMC Markets Libertex (Forex Club) IG
Forex Trading Yes Yes Yes
Trading - Forex or CFDs Yes Yes Yes
Indices (Index CFDs) expand_moreexpand_less CMC Markets Libertex (Forex Club) IG
DAX Yes Yes Yes
Dow Jones Yes Yes Yes
FTSE Yes Yes Yes
NASDAQ 100 Yes Yes Yes
Nikkei Yes Yes Yes
SP 500 Yes Yes Yes
Investments expand_moreexpand_less CMC Markets Libertex (Forex Club) IG
Forex Trading Yes Yes Yes
Trading - Forex or CFDs Yes Yes Yes
Spread Betting Yes No Yes
Social Trading / Copy Trading Yes Yes Yes
Metals Yes Yes Yes
Energies Yes Yes Yes
Agriculturals Yes Yes Yes
ETF Yes Yes Yes
U.S. Stocks (CFD) Yes Yes Yes
Trading Platforms expand_moreexpand_less CMC Markets Libertex (Forex Club) IG
Apple iOS App Yes Yes Yes
Android App Yes Yes Yes
Proprietary Platform Yes Yes Yes
Desktop Platform (Windows) Yes Yes Yes
Web Platform Yes Yes Yes
MetaTrader 4 (MT4) Yes Yes Yes
MetaTrader 5 (MT5) No No No
Regulatory Licenses expand_moreexpand_less CMC Markets Libertex (Forex Club) IG
Tier-1 Licenses 5 1 7
ASIC Authorised (Australia) Yes No Yes
IIROC Authorised (Canada) Yes No No
FCA Authorised (U.K.) Yes Yes Yes
SFC Authorised (Hong Kong) No No No
MAS Authorised (Singapore) Yes No Yes
FINMA Authorised (Switzerland) No No Yes
CFTC Registered (USA) No No Yes
Tier-2 Licenses 1 1 2
Tier-3 Licenses 0 0 1
Research, Education expand_moreexpand_less CMC Markets Libertex (Forex Club) IG
Trading Central (Recognia) Yes No No
Forex News (Top-Tier Sources) Yes Yes Yes
Daily Market Commentary Yes No Yes
Autochartist Yes No Yes
Investor Dictionary (Glossary) Yes No Yes
Videos - Beginner Trading Videos Yes No Yes
Client Webinars (Archived) Yes No Yes
Trading Costs expand_moreexpand_less CMC Markets Libertex (Forex Club) IG
Minimum Initial Deposit $0 $10 £250.00
Average Spread EUR/USD - Standard 0.73 (August 2021) -1 0.828 (September 2021)
All-in Cost EUR/USD - Active N/A -1 0.365 (May 2020)
Active Trader or VIP Discounts Yes Yes Yes
Bank Wire (Deposit/Withdraw) Yes Yes Yes
Visa/Mastercard (Credit/Debit) Yes No Yes
PayPal (Deposit/Withdraw) Yes Yes Yes
Trading Tools expand_moreexpand_less CMC Markets Libertex (Forex Club) IG
Watchlists - Total Fields 9 7 14
Mobile Watchlist Yes Yes Yes
Charting - Indicators / Studies (Total) 86 15 32
Mobile Charting - Indicators / Studies 29 30 32
Trust Factors expand_moreexpand_less CMC Markets Libertex (Forex Club) IG
Year Founded 1989 1997 1974
Publicly Traded (Listed) Yes No Yes
Bank No No Yes
Authorised in European Union Yes Yes Yes
Trust Score 99 67 99
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CMC Markets vs Libertex (Forex Club) Comparison

Comparing forex brokers side by side is no easy task. For our 2022 annual forex broker review, we spent hundreds of hours assessing 39 forex and CFD brokerages to find the best forex broker. Let's compare CMC Markets vs Libertex (Forex Club).

Can I trust CMC Markets?

CMC Markets has a trust score of 99, giving it a "Highly Trusted" trust label. Here's what each trust score label means:

  • "Highly Trusted" (90-99) - These brokers are considered the most trustworthy firms in the industry. Simply put, we would not hesitate to open and fund an account with a Highly Trusted broker.
  • "Trusted" (80-89) - These brokers are reliable and trustworthy. "Trusted" firms are a solid choice, and may simply hold fewer regulatory licences or feature different corporate structures than those brokers that have earned our top Trust Score rating.
  • "Average Risk" (70-79) - Average Risk brokers are firms we generally consider to be safe, but that may warrant a closer inspection before you open and fund a live trading account. At the least, we always encourage traders to check the regulatory licenses for Average Risk firms to verify that they are regulated in their own country of residence.
  • "High Risk" (60-69) - High-risk firms should be scrutinized and carefully reviewed before opening an account. These forex brokers are – in most cases – operating without credible regulatory licensing, and likely have a history of legal or financial issues. Before considering an account with a high-risk firm, we recommend checking our country guides for your country of residence to see if a more trusted broker is available.
  • "Do Not Trust" (<59) - We do not recommend opening an account of any kind with a broker that earns a “Do Not Trust” rating.

Can I trust Libertex (Forex Club)?

Libertex (Forex Club) has a trust score of 67, giving it a "High Risk" trust label.

Is CMC Markets a good broker?

CMC Markets is a highly trusted multi-asset broker that features excellent pricing and a huge selection of markets on its powerful Next Generation proprietary trading platform (available for web and mobile), alongside high-quality research and educational materials.

Is Libertex (Forex Club) a good broker?

What tier-1 jurisdictions is each broker regulated in?

Tier-1 regulators go above and beyond by requiring additional capital requirements, checking in on brokers more frequently, and putting brokers through a tougher screening process. CMC Markets is ASIC Authorised (Australia), IIROC Authorised (Canada), MAS Authorised (Singapore), FMA Authorised (New Zealand) and FCA Authorised (U.K.), while Libertex (Forex Club) is FCA Authorised (U.K.)., neither have SFC Authorised (Hong Kong), CBI Authorised (Ireland), FSA Authorised (Japan), FINMA Authorised (Switzerland) and CFTC Registered (USA)

What tier-2 jurisdictions is each broker regulated in? What about tier-3?

Tier-2 and tier-3 licenses are still important in evaluating the overall trustworthiness of forex brokers. As far as tier-2 licenses go, CMC Markets is DFSA / Central Bank Authorised (UAE), while Libertex (Forex Club) is CySEC Authorised (Cyprus)., neither have CBRC Authorised (China), NSE Authorised (India), ISA Authorised (Israel), CBR Authorised (Russia), FSCA Authorised (South Africa) and SEC Authorised (Thailand). When comparing tier-3 licenses unfortunately, neither CMC Markets nor Libertex (Forex Club) are SCB Authorised (Bahamas), IFSC Authorised (Belize), BMA Authorised (Bermuda), FSC Authorised (British Virgin Islands), CIMA Authorised (Cayman Islands), FSC Authorised (Mauritius) and VFSC Authorised (Vanuatu)., neither have VFSC Authorised (Vanuatu).

Which broker offers more trading platforms?

Both CMC Markets and Libertex (Forex Club) offer a Proprietary Platform and Desktop Platform (Windows)., neither have cTrader, DupliTrade and ZuluTrade

Does CMC Markets offer MetaTrader? Does Libertex (Forex Club) offer MetaTrader?

Both CMC Markets and Libertex (Forex Club) offer the whole MetaTrader suite, which consists of both MetaTrader 4 and MetaTrader 5. If you’re new to MetaTrader 4 here’s our educational guide on how to use MT4., neither have MetaTrader 5 (MT5)

How do CMC Markets and Libertex (Forex Club) differ in terms of minimum deposit? What about average spreads and funding options?

CMC Markets requires a minimum deposit of $0, while Libertex (Forex Club) requires a minimum deposit of $10. From our testing we found CMC Markets offers spreads of 0.73 (August 2021), while Libertex (Forex Club) offers spreads of -1. CMC Markets supports Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit) and PayPal (Deposit/Withdraw) for popular funding options, where Libertex (Forex Club) supports Bank Wire (Deposit/Withdraw), PayPal (Deposit/Withdraw) and Skrill (Deposit/Withdraw).

Which brokers offers more tradeable asset classes, CMC Markets or Libertex (Forex Club)?

CMC Markets offers a more diverse selection of investment options than Libertex (Forex Club) allowing you to trade Forex Trading, Trading - Forex or CFDs, Spread Betting, Social Trading / Copy Trading, Metals, Energies, Agriculturals, ETF and U.S. Stocks (CFD). Looking at total tradeable symbols, CMC Markets has 11927, compared to 300 from Libertex (Forex Club).

Can I trade cryptocurrency with CMC Markets or Libertex (Forex Club)?

Crypto trading is popular with forex traders. Most crypto assets are offered either as the underlying physical asset or as a CFD or other derivative — including spot forex contracts. In terms of trading physical cryptocurrency neither CMC Markets nor Libertex (Forex Club) allow you to trade physical cryptocurrencies.

Who offers more research tools, CMC Markets or Libertex (Forex Club)?

In terms of research and research tools CMC Markets gives traders the following tools: Autochartist, Daily Market Commentary, Stock Charts, Forex News (Top-Tier Sources), Trading Central (Recognia) and Social Trading / Copy Trading. In comparison Libertex (Forex Club) has the tools listed here: Stock Charts, Forex News (Top-Tier Sources) and Social Trading / Copy Trading.




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