Libertex Review 2022: Is Libertex a Reputable Broker?

Trading CFDs is complex as these financial instruments are volatile and change rapidly due to their leverages. Most traders take great care in selecting the best CFD broker for their portfolios. To get a competitive advantage over their peers, traders use popular online CFD brokers such as Libertex.

Libertex Overview

Official Website https://libertex.com/
Headquarters Cyprus
Founded Year 2012
Regulated Yes
Product offered Stocks and CFDs on Forex, Cryptos, Metals, Stocks, etc.
Minimum Initial Deposit 100 EUR
Maximum Leverage Up To 1:30 For Retail Clients
Islamic Accounts No
Demo Account Yes
MetaTrader 4 (MT4) Yes
MetaTrader 5 (MT5) Yes
Trading fees Depends on the Asset
Inactivity fee Yes
Withdrawal fee Depends on the Payment Methods
Supported currencies EUR
Customer Support Support From Monday to Friday (8 a.m to 6 p.m. CET) via Email, Phone, and Chat

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62.2% of Retail Investor Accounts Lose Money When Trading CFDs

Libertex is one of the leading platforms to trade CFDs. In this Libertex review, we explore how the platform provides its broker services for CFD trading.

Based on relevant Libertex reviews, the following information evaluates the details of 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 traders should explore this review and try practicing with the demo account. This Libertex review also lists all the 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 used by Indication Investments Ltd. Part of the Libertex Group with over 25 years of financial market experience, Libertex is an online broker offering tradable CFDs with underlying assets being commodities, Forex, ETFs, cryptocurrencies, and others. Libertex also offers commission-free investments in real stocks (where only market spreads apply).

Indication Investments Ltd., is based in Cyprus. Hence, the entire corporate entity is regulated under the Cyprus Securities and Exchange Commission license 164/12.

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 250 underlying assets. Therefore, Libertex emerges as a sought-after choice for retail traders accounts across different industries and countries around the world.

Libertex User Interface

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62.2% of Retail Investor Accounts Lose Money When Trading CFDs

Features of Libertex

As a beginner, one may find this brokerage firm more accessible and feature-rich than other platforms. 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 offers CFD trading and investment in real shares.
  • Commissions are fixed and clear; there are no hidden costs.
  • Major instrument traded on the platform is CFDs on forex currency pairs, cryptocurrencies, stock indexes, metals and commodities, energies, oil and gas, company stocks, agriculture commodities, and ETFs.
  • The platform offers a free demo account.
  • 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.
  • Popular trading platforms such as MetaTrader 4 and MetaTrader 5 are available.
  • The Libertex mobile app is available on both iOS and Android platforms.
  • The leverage offered to retail clients is up to 1:30.

The trading platform supports CFDs on over 50 currency pairs and 100 company stocks. Libertext trading platform also supports 50+ cryptocurrencies CFDs. With Libertex MetaTrader 4 features, users can execute auto trading CFDs 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 as CFDs. These brokers’ features are also available in CFDs on 10 ETFs and around five different oil/gas assets.

Libertex Features

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62.2% of Retail Investor Accounts Lose Money When Trading CFDs

Services Offered by Libertex

Libertex offers the following key trading services to its users:-

  • Various key technical indicators for meta-analysis.
  • Trend indicators provided with volatility indicators and oscillators.
  • Order history services to track past performance.
  • Pending orders.

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 10 different languages.

Is Libertex Regulated?

Yes, Libertex is regulated and completely authorized by the Cyprus Securities & Exchange Commission. Under the CySEC regulations, trading CFDs with Libertex is legal within the EEA area and Switzerland. The corporate entity is registered at 10 Agiou Athanasiou, Ksenos building, Floors 6 and 7, 4105, Limassol, Cyprus.

Libertex Review: Pros and Cons

 

Pros 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. The trading education section can be improved.
Users can also easily switch between demo accounts and real accounts. Some withdrawal methods come with high fees.
Lots of technical analysis provided by the Libertex services are quite useful for traders.
All deposit methods are commission free.
More than 250 underlying assets can be traded on this web platform.
This fully regulated broker also offers great customer service.
Trading Crypto CFDs with zero commission (tight spreads apply).
Fast withdrawals are one of the best features of this platform.
Investing in real shares commission free (market spreads apply).

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.

Libertex runs an online verification of user identity. Libertex broker make sure that all users are authentic by complying with the international anti-money laundering rules. Here, a copy of your passport or ID as well as proof of residence address are 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.

Libertex Sign Up Process

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62.2% of Retail Investor Accounts Lose Money When Trading CFDs

Types of Libertex Accounts

Libertex does not offer multiple account types for trading. Instead, it simply creates one “real” account and one demo account. If you want to invest in real shares you can do it with an Invest Account.

Libertex Trading Platforms

MT4, MT5, and Libertex 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. 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.

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.

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 reputation of Libertex.

Libertex MetaTrader 4 Platform

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62.2% of Retail Investor Accounts Lose Money When Trading CFDs

MetaTrader 5

MetaTrader 5 is the next version in the MetaTrader series. Libertex customers can also use MT5 to trade CFDs on FX, stocks, oil & gas, indices, cryptocurrencies, agriculture, metals, and ETS.

MT5 enables trades from any web browser app. 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.

Libertex MetaTrader 5 Platform

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62.2% of Retail Investor Accounts Lose Money When Trading CFDs

Libertex Leveraged Products

Leverage rates on Libertex vary based on the asset traded. Leverage is set by default and can go up to 1:30.

Libertex Commission Fees

Libertex commission 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 and the spreads. Deposits are free, withdrawals with PayPal and Skrill are free as well, other payment methods charge fees for their transactional services.

If the Client’s Account is inactive for 180 calendar days (i.e. there is no trading, no open positions, no withdrawals or deposits), the Company reserves the right to charge an account maintenance fee of 10 EUR (10 GBP, 10 CHF, 50 PLN respectively) per month. (Applies to clients with a total account balance less than 5000 euros ( 4500 GBP, 5300 CHF, 22500 PLN respectively).

Deposit & Withdrawal Options

Various payment methods are used to make deposits and withdrawals on Libertex. It 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 for every trader.

Deposits

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:-

  • Skrill
  • Sofort
  • Neteller
  • GiroPay
  • Trustly
  • iDEAL
  • P24
  • Multibanco
  • Rapid Transfer, etc.

Most deposits are processed instantly on Libertex. Bank transfers are perhaps the only payment method that may take several hours for processing deposits. The minimum deposit for trading on Libertex is €100.

Withdrawals

Payment methods such as Trustly, Sofort, GiroPay, iDEAL 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.

Libertex Achievements Till Date!

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62.2% of Retail Investor Accounts Lose Money When Trading CFDs

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

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 app is regularly upgraded with security features and new user experience functions. The Libertex app also provides a trading experience for on-the-go traders. It has a well-designed UI and runs its operations cleanly.

Another innovative feature of this Libertex mobile app is its ability to switch easily between a demo account and a real account.

Libertex Mobile App

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62.2% of Retail Investor Accounts Lose Money When Trading CFDs

Libertex Security Measures

Libertex security is implemented at every end-point. A client funds segregation is also implemented by this broker. The firm may suffer financial difficulties, but the traders can be assured that their funds are held separately in segregated bank accounts.

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.

Libertex Security Measures

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62.2% of Retail Investor Accounts Lose Money When Trading CFDs

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 of course.

Libertex customer support is also available in 8 different languages by email, phone, and chat from Monday to Friday from 8 a.m till 6 p.m. CET. Generally, the customer support team provides a reply within an hour.

Libertex Customer Support

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62.2% of Retail Investor Accounts Lose Money When Trading CFDs

Libertex Review: Conclusion

In this Libertex review, we explored one of the world’s best 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. 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. It does need to add more educational tools. Also, the UI can be more streamlined to execute rapid trades. Nonetheless, the Libertex broker gives plenty of reasons for you to open a trading account today.

FAQs

Is Libertex Legal?

Yes, the Broker is regulated by the Cyprus Securities and Exchange Commission (CySEC).

Can You Withdraw Money from Libertex?

Yes, money can be withdrawn via bank transfers, 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 Libertex MT4 or MT5 platforms for placing trades. The minimum trading on Libertex platform is €20.

Does Libertex Allow Scalping?

Libertex broker 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.

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