Trading CFDs is complex as these financial instruments are volatile and change rapidly due to their leverages. Most traders and investors take great care in selecting the best CFD broker for their portfolios. Similarly, trading forex pairs is also a challenging domain for traders. To get a competitive advantage over their peers, traders use popular online forex and CFD brokers such as Libertex.
|Product offered||Trading Platform, Forex Broker, Stocks|
|Minimum Initial Deposit||100 EUR/USD|
|Maximum Leverage||1:30 For Retail Clients |
1:600 For Professional Clients
|MetaTrader 4 (MT4)||Yes|
|MetaTrader 5 (MT5)||Yes|
|Trading fees||Depends on the Asset|
|Withdrawal fee||Depends on Payment Methods|
|Supported currencies||USD, EUR, AUD, JPY, GBP, & More|
|Customer Support||24/7 Support, Email, Phone & Social Media|
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Based out of Limassol, Cyprus, Libertex is a leading platform to trade CFDs and forex pairs. In this Libertex review, we explore how the platform provides its broker services for CFD and forex trading.
Based on reliable Libertex reviews, the following information evaluates the details about various services offered by the platform. From different account types to a wide range of trading app features, this review unlocks how Libertex caters to its retail clients. Before trading with Libertex, retail investors should explore this review and try practicing with the demo account. This Libertex review also lists all the bonus offerings available on the platform, including details on minimum deposit amounts, minimum trading limits, and commissions.
What Is Libertex?
Libertex is an online trading platform operated by Indication Investments Ltd. This service provider is a part of the Libertex Group, which handles various online trade brokerages. The brand “Libertex” has been in operation since 1997. However, in the past decade, Libertex expanded its trading services and garnered more than 2 million clients across the world. Currently, Libertex accepts users from 11 different countries.
Libertex trading services are monitored and regulated by the Cyprus Securities and Exchange Commission. The parent company – Indication Investments Ltd., is also based in Cyprus. Hence, the entire corporate entity is regulated under the Cyprus Securities and Exchange Commission.
Libertex is regulated and also an industry stalwart. With more than 30 years in the finance brokerage industry, this company is known for its trustworthy platform. It is a leading market-making broker and takes the trading experience to a new level. As per this Libertex review, the platform is also popular for charging low commissions against lucrative spreads.
Several online Libertex reviews claim that this fully regulated online broker is fair and a strong avenue for trading more than 200 assets. Therefore, Libertex emerges as a sought-after choice for retail investor accounts across different industries and countries around the world.
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Features of Libertex
As a beginner, one may find these brokerage firms more accessible and feature-rich than other platforms. All features provided by the Libertex app – both web version and mobile app – are authenticated by the Cyprus Securities and Exchange Commission. Many reviews have positive views of the features of the Libertex platform. Libertex broker features are distributed across various segments. Here are some of the top features of the Libertex trading platform:-
- As an online broker, Libertex helps in CFD and forex trading.
- Commissions are fixed, and there are no hidden costs.
- Major instruments traded on the platform are forex currency pairs, cryptocurrencies, stock index, metals and commodities, energies, oil and gas, company stocks, agriculture commodities, and ETFs.
- The platform offers a free demo account for retail investor accounts.
- The minimum deposit requirement on the platform is €100.
- The platform offers flexible methods to pay through wire transfer, VISA credit cards, and electronic payment gateways such as iDeal, Giropay, Rapid Transfer, Neteller, Sofort, Skrill, and Trustly.
- The minimum trading amount on the platform is as low as €20.
- Best automated trading platforms such as MetaTrader 4 and MetaTrader 5 are available.
- The Libertex mobile app is available on both iOS and Android platforms.
- Trade signals and auto trading features are also available.
- The leverage offered on most spreads is 1:600, which is lucrative for traders.
Libertex forex provides these features to its users for increasing their potential profits on every trade. These trading features are applicable to various markets and instruments based on the country of residence of the users.
The trading platform supports over 50 currency pairs and 100 company stocks. Libertext trading platform also supports 50+ cryptocurrencies. With Libertex MetaTrader 4 features, users can execute auto trading on precious metals such as gold and industrial metals such as steel and iron.
Around 18 indices and six agricultural assets are available for trading. These brokers’ features are also available on 10 ETFs and around five different oil/gas instruments.
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Services Offered by Libertex
Libertex offers online brokerage services to its clients to help them avoid risks where they lose money on CFDs and forex trading. Most services are provided with the Libertex MT4 and the Libertex MT5 trading packages. Libertex offers the following key trading services to its users:-
- Trading analysis across nine different timeframes to choose from.
- Time-based trading flexibility from one minute to one month.
- 43 key technical indicators for meta-analysis.
- 22 trend indicators provided with eight volatility indicators and a dozen of oscillators.
- Order Management services to book live quotes and capture every available instrument.
- Listing services to create favorites and customize these lists based on the most frequently traded assets.
- Price movement management services on daily trades.
- Order history services to track growth.
- Wallet balance and pending orders.
Live Trades is a key service section provided on this broker platform. With this service, Libertex offers advanced trading activities and makes complex trades handy for those interested in keeping a sharp view of market trends. Mirror trading services are also available on some instruments. In addition to these services, Libertext offers an incredibly user-friendly dashboard.
The Libertex brokers’ mobile app and web platform both come with charting features and in-depth technical analysis services for all markets. As an online broker, Libertex offers these services in 16 different languages. Libertex trading services are ideal for traders as they avoid risks where retail investors lose money on CFDs and forex trading.
Is Libertex Regulated?
Yes, Libertex is regulated and completely authorized by CySEC, also known as the Cyprus Securities & Exchange Commission. Under the CySEC regulations, trading CFDs via a retail account with Libertex is legal in several countries around the world. The corporate entity is registered at Iakovou Tompazi 1, Vashiotis Business Center, Limassol, Cyprus. The majority of the operations are managed from the Iakovou Tompazi 1, Vashiotis Business Center, which is the headquarters of Libertex.
Libertex brokers’ are protected by trusted government authorities. The platform ensures different ways so that the client does not lose money due to the risks of online trading and CFDs. Audits conducted by Exchange Commission CySec help Libertex in building reliability. Libertex offers fair trading across all its financial services. As per this review, Libertex works under the trading license sanctioned by CySEC, which means that the company can be completely trusted.
Libertex broker also accepts traders from various countries. To trade CFDs on Libertex, the users should be from countries such as Thailand, Hong Kong, Singapore, Denmark, India, Saudi Arabia, United Arab Emirates, Luxembourg, Kuwait, and Qatar.
However, the Libertex broker is not regulated for usage in the United States, New Zealand, Australia, Russian Federation, South Africa, Canada, Japan, Cyprus, Brazil, Germany, United Kingdom, France, Netherlands, Italy, Spain, Finland, Romania, Belgium, Sweden, Switzerland, Turkey, Ireland, Poland, and Norway.
Libertex Review: Pros and Cons
|Easy order placement features make Libertex broker an engaging platform.||The broker platform does not support cTrader.|
|The platform has the most user-friendly interface, which makes money-making easy.||The trading education section can be improved.|
|Users can also easily switch between demo accounts and real accounts.||Some deposit and withdrawal methods come with high fees.|
|Lots of technical analysis provided by the Libertex services are quite useful for traders.|
|Trading signals are highly accurate.|
|Recommendations from several user reviews showcase how the web platform lowers the risk involved in leveraging live quotes of CFDs.|
|More than 200 instruments can be traded on this web platform.|
|This fully regulated broker also offers great customer service.|
|The Libertex brokers’ Group holds more than 20 years of industry experience.|
|Fast withdrawals are one of the best features of this platform.|
Libertex Account Opening Process
Signing up or opening a new Libertex account is easy. It only takes a few minutes, and the user can sign up by simply using an email address. The process also required additional personal details such as residence address and a national ID number.
Based on this, Libertex runs an online verification of user identity. By complying with the international anti-money laundering rules, Libertex brokers make sure that all users are authentic. Here, a copy of your passport and driver’s license is uploaded. After setting up the account, new Libertex users must add €100 as a minimum deposit to start trading.
The broker platform also accepts these deposits in a variety of payment methods, from bank transfers and credit cards to debit cards and electronic payment gateways. After that, users can start trading all the assets supported on Libertex.
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Types of Libertex Accounts
Compared to other online forex brokers, Libertex does not offer multiple account types. Instead, it simply creates one “real” account and one demo account. With this real trading account, the user can scale up their trading levels. For professional traders, Libertex gives access to various leverages of 1:600. By registering a significant trading experience, these traders can get new Libertex credentials within this real account. These different status levels are based on the trading amount and the deposited funds:-
This status is set for traders who deposit €250 during the lifetime of their Libertex account. By achieving gold status, traders get a commission discount of 3% on all trades.
This status level is set for traders who deposit €1,000. At this level, the traders get a commission discount of 4% on all trades.
The next status level involves deposits of €1,500, providing the traders with a 20% commission discount and exclusive access to priority withdrawals.
This last level helps Libertex traders who make €5,000 deposit and gain a 30% commission discount. This level also rewards priority withdrawals and premium customer support.
Libertex Trading Platforms
Libertex MT4, Libertex MT5, and app are the three key trading platforms provided by this broker. Libertex provides the MetaTrader platform to unlock several unique trading strategies. It also runs completely web-based trading tools where no downloads are required.
Libertex Native Platform
The native platform is functionally smooth. It can run on any web browser. It is a web app that uses a simple interface to order placements easily. Fast execution of trades is more practical for day traders and helps them get a competitive edge.
Existing platforms such as cTrader are not supported, but Libertex has created its own trading interface designed with customized tools and trader insights. This platform also integrates the services of MetaTrader platforms. Libertex broker has its own bespoke platform for clients who use MetaTrader 4 (MT4) and MetaTrader 5 (MT5) for trading with a wide range of features and functions.
Libertex MetaTrader 4
MetaTrader 4 is a pioneering platform in the trading community. With MT4, Libertex clients get access to the world’s most popular trading tools. As an experienced trader, the tools provided on MT4 can expand trading expertise and translate high profits on foreign currency trades.
MT4 offers real-time access to all market prices, including details on their liquidity. The platform runs several technical analytics and fundamental analysis throughout various levels of the trade. In addition to this, MT4 helps in executing multiple trading orders for offering higher flexibility to Libertex customers.
The robust security of the MT4 platform helps in maintaining the reliability score of Libertex. Similarly, this platform is known for offering high stability to its traders. By ensuring peace of mind, traders can use MT4 tools and automated trading options like experts.
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Libertex MetaTrader 5
MetaTrader 5 is the next version in the MetaTrader series. This forex trading software is best used for comparing forex currency pairs and staking their profits. Libertex customers can also use MT5 to trade stocks, oil & gas, indices, cryptocurrencies, agriculture, metals, and ETS.
MT5 enables trades in forex and stocks from any web browser app. Futures and indices can also be traded via the MT5 web platform. This platform also operates as a standalone platform. No additional software is required, nor is there any need to install browser extensions.
MetaTrader 5 works smoothly on Windows, Mac, and Linux operating systems. It has a reliable data protection system. It is best used for netting and hedging positions in trade accounting systems.
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Libertex Leveraged Products
Leverage rates on Libertex vary based on the trades. The minimum leverage offered on Libertex is 1:30. However, this leverage goes up to 1:600. Compared to industry standards, Libertex is offering the best-leveraged products in its circle of European regulated brokers. Most forex pairs have leverage that helps the holders of professional trading accounts to earn double-digital profitability.
Such favorable leverage also helps users in improving their trading capabilities significantly. Professional financial experts believe that the Libertex professional accounts get some of the best trading leverage experience in the world.
Libertex fees are distributed across spreads and commissions. Libertex is essentially free to join. No monthly fees are charged for trading. The main fees associated with this platform are the commissions on the spreads. Deposits and withdrawals are mostly free, except for the payment methods that charge fees for their transactional services.
Spreads and Commissions
Libertex only charges commissions on trades. The spreads are not charged. Even so, the commissions are charged varyingly. Based on the asset and the trade, the fees start from 0.008%, particularly on popular currency pairs. The commissions come in between 0.47% and 2.5% for cryptocurrency trades.
These commissions rise on stocks and fall in the range of 0.1% and 0.2%. Ultimately, Libertex trading fees are worth the terms & conditions.
Each fee is clearly described in the trading information. The fee is solely calculated on commission percentages, which tend to change based on the trades.
Deposit & Withdrawal Options
Various payment methods are used to make deposits and withdrawals on Libertex. These methods charge a low fee for their transactional services. Libertex also allows its traders to fund their accounts in zero-fee payment methods. Due to a wide variety of options, it is easy to deposit and withdraw on Libertex from any part of the world.
Deposits on Libertex can be made via bank transfer, debit cards, credit cards, and electronic payment gateways. E-wallets are also used for transferring these funds. However, each of these methods comes with some charges, which can be indirectly considered as deposit fees on Libertex. The online deposit options include:-
- Rapid Transfer
Most deposits are processed instantly on Libertex. Bank transfers are perhaps the only payment method that may take several hours for processing deposits. Users could also be charged with €1 fee on some international deposits. The minimum deposit for trading on Libertex is €100.
Payment methods such as Trustly, Sofort, GiroPay, iDEAL, and Multibanco are used for withdrawals. The withdrawal fees are based on the type of payment method. The trading account on Libertex does not charge any fee for withdrawal services. To know in detail about its fee schedule click here.
Resources Offered by Libertex
Libertex provides limited resources to its users. The demonstration account is perhaps the only best resource available for clients for free. They can hone their skills at trading and understand the improvements in their skills. The Libertex platform also helps in providing virtual funds on these demo accounts.
Libertex demo accounts have €50,000 provided in the form of virtual money. Traders can use this fake money to make simulated trades. Demo Libertex accounts are also accessed through web and mobile apps. Libertex demo accounts are quite useful in helping new users understand the trading style suited for them.
Libertex app is available for every user of the Libertex platform. It can be used on iOS and Android devices by downloading from Apple App Store and Google Play Store, respectively.
The Libertex website also provides APK downloads. The app is regularly upgraded with security features and new user experience functions. The Libertex app also provides a positive trading experience for on-the-go traders. It has a well-designed UI and runs its operations cleanly. Trading signals on this app help mobile traders capture the biggest financial news.
Another innovative feature of this Libertex mobile app is its ability to switch between a demo account and a real account. This way, executing simulated trades in real-world markets is very easy with on-the-go trading by the Libertex mobile app.
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Libertex Security Measures
Libertex security is implemented at every end-point. A client funds segregation is also implemented by this platform. The firm may suffer financial difficulties, but the traders can surely feel secure since their funds are held separately in bank accounts protected by the Cyprus Securities & Exchange Commission.
In addition to this, Libertex partakes as a contributor to the Investor Compensation Fund. This fund covers the deposits made up to £20,000. During insolvency, this fund ensures that the Libertex users get these deposits recovered.
A 128-bit Secure Socket Layer (SSL) encryption is used to protect personal data across web apps and Android and iOS devices used by Libertex traders.
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Libertex Customer Support
The Libertex platform runs 24/7 customer service 365 days a year. Hence, one can trade at any time and resolve all the issues instantly on Libertex. Most markets are not open 24/7, but the trading platform helps in testing new trades when the markets are closed.
Libertex customer support is also available in eleven different languages. However, it does not have any live chat option. To get an instant reply, users can explore the following options like email, phone & social media accounts. Generally, the customer support team provides a reply within an hour.
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Libertex Review: Conclusion
In this Libertex review, we explored one of the world’s best forex brokers in the world. This platform comes with the best services for experienced traders as well as beginners. Access to MT4 and MT5 tools is a great advantage. Lucrative spreads and low fees are also quite attractive for traders. Investors and pro traders will find Libertex ideal for their trading styles. However, the commission structure could be better on trading assets such as metals and indices.
Overall, several Libertex reviews consider this platform a fair deal for trading CFDs and forex pairs. It does need to add more educational tools. Also, the UI can be more streamlined to execute rapid trades. Nonetheless, Libertex forex broker gives plenty of reasons for you to open a trading account today.
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Is Libertex Legal?
Yes, it is completely regulated by CySec. The trading platform is legal in several countries, as listed above.
Can You Withdraw Money from Libertex?
Yes, money can be withdrawn via e-payment gateways and e-wallets.
How Do I Trade in Libertex?
To trade on Libertex, a user needs to open a trading account, get it verified, deposit funds, and use the MT4 and MT5 platforms for placing trades. In this process, the trader can select the instrument and place the amount easily. The minimum trading amount is €20.
Does Libertex Allow Scalping?
Libertex forex brokers allow several trading strategies, including scalping.
What Is the Minimum Deposit for Libertex?
While there are no Libertex fees on deposits, the minimum amount is set at €100.
How Secure Is Libertex?
Libertex is protected by end-to-end multi-layered SSL encryption. The funds of its traders are stored separately and protected under Exchange Commission CySec regulations. The platform safely covers the deposits worth €20,000 of Libertex users under the ICF.
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