City Index
Libertex
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Overview
City Index was founded in 1983 and is headquartered in UK, while Libertex was established in 2012 and is based in Cyprus. City Index holds licences including Financial Conduct Authority (FCA), while Libertex is regulated by Cyprus Securities and Exchange Commission (CySEC) with CIF Licence number 164/12 among others. City Index serves 14,000+ clients worldwide; Libertex has 2,200,000+. The minimum deposit is $25 at City Index and $117 at Libertex.
| Feature | City Index | Libertex |
|---|---|---|
| Min. Deposit | $25 | $117 |
| Regulation | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Monetary Authority of Singapore (MAS) | Cyprus Securities and Exchange Commission (CySEC) with CIF Licence number 164/12 |
| Founded | 1983 | 2012 |
| Country | UK | Cyprus |
| Clients | 14,000+ | 2,200,000+ |
Fees
Fees are a critical factor when choosing between City Index and Libertex, directly affecting your bottom line as a trader. Libertex has a lower barrier to entry with a minimum deposit of $117 (vs $25 at City Index). City Index charges withdrawal fees while Libertex does not, a notable advantage for frequent withdrawers. City Index applies inactivity fees on dormant accounts; Libertex does not. City Index charges deposit fees; Libertex does not. The two brokers are broadly comparable on fee structure.
| Feature | City Index | Libertex |
|---|---|---|
| Min. Deposit | $25 | $117 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | Yes | No |
| CFD Fees | Yes | No |
Platforms
City Index offers MT4, MT5, cTrader, while Libertex supports MT4, MT5, a proprietary platform. Both brokers provide mobile trading apps for iOS and Android. Both brokers support copy or social trading, catering to less hands-on investors. The two brokers are closely matched on platform offering.
| Feature | City Index | Libertex |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | No |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, Web Trader, Tablet & Mobile apps | MT4, MT5, Duplitrade, Mobile Apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how City Index and Libertex compare. Libertex has a video library; City Index does not. Libertex publishes daily market commentary; City Index does not. Libertex integrates third-party research tools (Trading Central, Autochartist); City Index does not. Libertex scores higher overall in education and research.
| Feature | City Index | Libertex |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | No | Yes |
| Weekly Webinars | No | No |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | No | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. City Index accepts 3 of the tracked payment methods (bank transfer, credit/debit card, PayPal), while Libertex supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). Libertex uniquely supports Skrill and Neteller among the two brokers. Libertex scores higher on deposit and withdrawal flexibility.
| Feature | City Index | Libertex |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | Yes |
| Skrill | No | Yes |
| Neteller | No | Yes |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both City Index and Libertex offer live chat support. Both provide phone support. Email support is available at both brokers. City Index supports 6 languages and Libertex supports 9, giving Libertex broader global reach. Both brokers are comparable on support quality.
| Feature | City Index | Libertex |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Spanish, German, Arabic, Polish, and Chinese | English, German, Italian, Dutch, Polish, Spanish, French, Portuguese, Chinese |