Libertex has been developing since 1997 and has over 20 years of online trading experience. It is dedicated to trading financial markets including Forex and CFDs. But what about the Libertex is? This article will tell you everything you need to know to decide whether or not to trade with a Libertex broker.
Brief about Libertex
Libertex is a regulated online CFD broker with many years of experience. He has been training since 1997, which makes him one of the oldest footballers. This legitimacy offers a very comprehensive range from cryptocurrencies to stocks.
This broker is suitable for both beginners and advanced traders. Its trading training will appeal to most beginners just like its free demo account. Meanwhile, they also offer MetaTrader, a platform highly appreciated and used by experienced traders.
Who is Libertex?
Libertex is a trading name of Indication Investments Ltd, employs more than 700 people, and operates in 27 countries worldwide. The company is headquartered in Cyprus and currently serves more than 2.2 million customers in 110 countries worldwide.
Positives about safety: the broker is regulated and licensed by the financial regulator CySEC (Cyprus Securities and Exchange Commission).
Very wide range of brokers
Libertex, which has been in business since 1997, is an accredited and regulated online marketplace that allows its clients to trade more than 210 assets in a variety of markets including currencies, stocks, indices, commodities, cryptocurrencies (Bitcoin, Ethereum…), ETFs, and CFD Broker. All Libertex customers are treated with the same considerations and also benefit from a simple and convenient online trading platform. They offer good execution speed, zero pips spread, and competitive commissions.
Multi-award winning runner
For more than 20 years, Libertex has received more than 30 prestigious awards from financial institutions and magazines for customer service and innovative business solutions, particularly frequently cited in online Libertex reviews.
- Best Cryptocurrency Broker Awards 2017 and 2018
- Best business apps of 2017 and 2018
- Trading platform prices in 2020 (FX and EUROPEAN report).
Since 2019, Libertex has also contributed to its international influence by sponsoring the famous Spanish football clubs Valencia and Getafe.
Libertex- For whom?
In our opinion, Libertex is accessible to everyone, from beginners to advanced. The ergonomics, available training, and years of online broker experience have made it an option that can satisfy most traders. A low minimum deposit is a very affordable online trading option.
Therefore, advanced traders will appreciate the rich online broker services for trading on numerous financial markets at competitive costs and using the very comprehensive Libertex platform. However, Libertex is also the perfect CFD broker for beginners. The Libertex platform is very easy to learn and use, especially to learn how to trade.
To provide beginners with all the information and advice they need, the Libertex website has a dedicated training section with training tools. Here you will find video tutorials, business training articles and analytics, and financial market news.
Libertex Review: The Pros and Cons
Like any other broker, Libertex has its pros and cons, which are often communicated in Libertex reviews and online comments.
- Regulated broker
- A simple and practical platform
- $10 Minimum Deposit ($100 Negotiable)
- Leverage up to 1:30 for individual clients, leverage up to 1:600 for professional clients
- 50% reduction in new business fees
- Zero spread
- Negative balance protection
- Responsive customer service
- Demo account available
- Restricted account types
- Limited training provided
- Withdrawal fees for most payment methods
- Minimum distance to order a specific device
Unlike most online brokers, there are no spreads on Libertex fees. Instead, you have to pay a fee for the transaction. The fees charged are very low and depend on the asset being traded. Also, fees are not fixed for each instrument and may vary during a trading session.
For a pure commission trading model, the obvious advantage is that there are no spreads for all instruments and account types offered by Libertex brokers. This means that price traders will be able to see what they get with no additional premium between the bid and ask prices. This makes it easy for precision-conscious traders to determine the correct entry and exit levels. Swap fees may also apply to overnight and weekend open positions.
Libertex fees for CFD Stock and ETF Fees
Libertex fees for stock CFDs and ETFs vary depending on the stock purchased but typically range between 0.02% and 0.2%. However, some stocks have higher fees, up to 1% in some cases.
Libertex Fees for Advisory Indices
The Libertex Fresh Stock Index typically fluctuates between 0.02% and 0.04% for major international indices. Also, fees may be higher for other indices.
Libertex fees for currencies (Forex)
Libertex Forex trading fees are less than 0.02% for the following major currency pairs: Obviously, we look for the currency pair EUR USD and others. However, fees may be higher for more exotic currency pairs.
Libertex fees for commodities
The Libertex ratio on commodities depends on the type of raw material, such as metals, oils, or agricultural products.
Libertex fees for Cryptocurrency
Cryptocurrency trading on Libertex costs between 0.9% and 1% for most major cryptocurrencies. However, even experienced traders lose money when trading cryptocurrencies. So, make sure you can afford the potential loss of any profit you invest in cryptocurrencies.
Libertex Alerts Account Fees
In addition to transaction-related fees such as commissions and swaps, Libertex may also charge other account-related fees. Deposits on Libertex are completely free, regardless of the payment method used. However, withdrawals are paid.
Credit/debit card payments are 1 EUR per transaction, and bank transfer costs 0.5% (minimum 2 EUR, maximum 10 EUR). Neteller’s payment is calculated at 1%. Only withdrawals through Skrill are free.
An inactivity fee is charged at 2% of the balance value on accounts that have not been transacted in the last 180 days. There are no inactivity fees for accounts with $10,000 or more in credit.
Below is a summary of the Libertex fees associated with your account.
|Withdrawal fee||Credit Card: € 1 / Withdrawal Bank transfer: 0.5% of the amount Neteller: 1% of the amount Skrill: Free|
|Inactivity fee||Accounts under $10,000: 2% of account total Accounts over $10,000: Free|
Libertex cut rates
Libertex also offers its customers a fee reduction program. This is because the more money a customer deposits in their trading account, the greater the savings on transaction fees and better customer service.
The cut levels are distributed as follows:
- Gold: €250 deposit, 3% discount, and online chat service with customer service.
- GoldPlus: A deposit of € 1,450 gives you a 4% discount on commissions and chat services.
- Platinum: € 1,500 deposit with 20% discount and preferential withdrawal.
- VIP: Receive a 30% discount and premium support with a deposit of €5,000.
- VIP Plus: Get 40% off commissions and premium support with a €50,000 deposit.
Libertex Account Types
Unlike some brokers, Libertex offers a basic account selection with different levels depending on the deposit. The accounts offered are a Libertex demo account and a real account. There is also a pro version for the most demanding traders.
Libertex Demo Account
One of the main requirements for most traders is that they should be able to test the platform before placing funds on it. The deposit requirements for a real money account are very low, but being able to open a completely free demo account is still a comfort. This is how you can become familiar with the Libertex platform and trade without losing money. Because retailers lose money if they don’t know how to use the platform.
Opening a Libertex account will also create a Libertex demo account and you will receive 50,000 euros in virtual currency. The Libertex demo platform is available for desktop and mobile retailers so you can try it on the go. Opening a demo account is equivalent to opening a real account, as seen below, and you can easily switch between them at any time during the workday. In our opinion, the Libertex demo is an ideal tool to start a broker, especially for beginners. Beginners lose money more easily if they don’t complete demo training before they start.
Libertex Real Account
Opening a real Libertex account is a very simple process. However, you will need to provide additional information to deposit funds. It only requires a minimum deposit of €100, making it a good choice for beginners and inexperienced alike. In addition, a recommended deposit of €100 is recommended as you must deposit at least 10% of your balance to open a position.
How do I open a Libertex account?
If the Libertex review is convincing and you want to try the broker yourself, you must first register on the online broker website and open a Libertex trading account.
Steps to Register with Libertex
To sign up for Libertex, you first need to go to the Libertex website and follow a few steps: You can create a demo account first and then a real one.
Step 1: Enter your login details
Step 2: Access your Libertex demo account
The first time you connect with your username and password, you will find that you can use the demo account immediately with a deposit of 50,000 euros. Unlike real accounts, these accounts have virtual currency, so you can practice trading without risk. In our opinion, Libertex demo trading is the best way to get acquainted with the broker. So don’t neglect this step.
Then click “Start Trading” to access the Libertex platform. This makes it very easy to open an account and each demo account can be converted into a real money account by depositing at least 100 euros.
Step 3: Complete the verification
After making your first deposit, you will be asked to answer a few questions, and you will be asked to provide identification (eg ID, passport, driver’s license, etc.) and proof of residency (eg electricity bill or bank statement). As a regulated company, you must verify your identity within 15 days of your first deposit. Reviews are usually done within one business day of submission of the documents. Then you can start trading with Libertex, perhaps the best trading application.
Step 4: Deposit to Libertex
To deposit to your trading account, click “Deposit” at the top of the Libertex platform. If this is your first deposit, you will be asked to answer a few questions about your profile and trading experience, then submit your ID.
You can open an account in EUR. All deposits made in currencies other than EUR will be converted to EUR at the exchange rate of the bank or payment provider. There are no currency exchange fees if you use your account in your currency. Libertex does not accept third-party payments. All funds deposited into your trading account must be in the name of your Libertex trading account.
Acceptable Payment Methods on Libertex
There are several payment methods you can use to deposit money into your Libertex business account. This includes bank transfers, credit cards, and online payment systems. All deposits, regardless of payment method, are free and instant, except bank transfers, which take 3-5 days.
Below is a full list of payment methods available for depositing.
- Credit/Debit Card
- wire transfer
- Giro Pay
The withdrawal process on Libertex
Traders can withdraw funds using any available payment method for a minimum deposit amount. However, in the case of withdrawal, not all payment methods can deposit money. To start the withdrawal process, go to the “Withdraw Funds” page. Then, simply enter the amount to be withdrawn and the payment method.
Withdrawal requests will be processed the next business day or are received outside business hours. The withdrawal period may vary depending on the provider and payment method. Additionally, fees may apply when using certain payment methods for withdrawals.
- Withdrawals via credit/debit card cost € 1 per transaction and take 1-5 days.
- Payment by bank transfer costs 0.5% (minimum 2 euros, max 10 euros) and may take 3-5 days.
- Neteller payments are calculated at 1% and are made within 24 hours.
- Only withdrawals through Skrill are free. Surgery is done within 24 hours.
- All withdrawals from your trading account are processed in EUR.
Trading Platforms available on Libertex
Libertex offers two trading platforms with an intuitive user interface and is free to use. The broker has the popular MetaTrader 4 (MT4) trading platform and its Libertex platform.
MetaTrader 4 (MT4)
MT4 is one of the most recognized and used trading platforms by traders worldwide. It is known for its user-friendly interface and built-in trading tools. It is very easy to use for inexperienced traders but offers enough features for advanced traders.
MetaTrader 4 is free and available on desktop (Windows and Mac), web, and mobile (iOS and Android). The web version works directly with the most popular browsers, so there is no need to download or install any software. The MetaTrader mobile app is useful for those who want to access and trade their accounts on the go.
Libertex’s Proprietary trading platform
Libertex has its trading platform and is very easy to use due to its simplicity and convenience. The Libertex platform gives users access to all trading tools and tools.
The web platform is compatible with Trading Central, a third-party market analysis tool. Trading Central sends trading signals in real-time and offers advice on possible setups directly on the platform. Traders can also view online charts, candlestick charts, and Heiken Ashi. You can view charts for periods from 1 minute to 1 month.
The platform includes sources with real-time market information and forecasts, as well as a basic analysis section. The platform contains the most popular technical indicators categorized by volatility, trend, and oscillator type. It also offers a wide range of risk management tools.
The trading platform can be accessed from any device, including computers, via a web browser and smartphone (Android/iOS). Mobile applications are especially useful for those who want to trade on the go from anywhere in the world with an internet connection.
Financial Products Available on Libertex: Reviews
In our opinion, Libertex is a very comprehensive broker that gives traders access to more than 210 financial instruments. This includes currencies, stocks, indices, commodities, cryptocurrencies, and ETFs.
You can find more than 50 CFDs on stocks at Libertex stockbrokers, some of the most popular and volatile on the market. Various global markets and various business areas are represented. It includes the top stocks in the US market as well as the most popular stocks in Europe and Latin America. Stocks include Google, Amazon, Facebook, Apple, Netflix, Airbus, BNP Paribas, EDF, and more.
There are 10 ETFs offered by Libertex, including in particular:
- iShares Core US-Aggregate Bond ETF
- iShares MSCI Germany ETF
- iShares MSCI UK ETF
- Vanguard FTSE Europe ETF and others.
When it comes to Forex, Libertex offers nearly 50 different major, wealth, and exotic currency pairs for trading. For example, here are some popular EUR/USD pairs:
Trading Forex with Libertex includes trading currency pairs that include:
- US Dollar
- British Pound
- Swiss Franc
- Australian Dollar
- New Zealand Dollar
Traders can choose from 17 stock indices from the US, Europe, and Asia. Stock indices include:
- S&P 500
- Dow Jones
- CAC 40
- Dax 30
- FTSE 100
Libertex online brokers offer many commodities trading in different categories.
- Precious metals gold and silver, as well as platinum, palladium, and copper, can be traded.
- Agricultural products include cocoa, coffee, sugar, soybeans, wheat, and corn.
- Brent oil, natural gas, WTI crude oil, heating oil, and light oil.
There are many popular Libertex encryption cryptocurrencies, including:
- Dash and many other altcoins.
Libertex- Customer Services
Libertex provides customer service by phone and email. Libertex customer service is available Monday through Friday during business hours. Libertex customer service responds quickly, usually by email. Therefore, Libertex’s opinion on this point is positive.
However, Libertex brokers do not offer online chat on their website except for a certain amount of their clients. If you have specific business questions and no issues, you can refer to the FAQ section of our website. It provides a useful solution, especially for beginners.
In which countries is Libertex available?
Libertex has customers in more than 110 countries around the world and accommodates most of them, but there are some restrictions due to strict regulations in some countries. Some features and products mentioned in this Libertex notice may not be available from distributors in certain countries due to legal restrictions.
Libertex accepts investor accounts in France, Germany, Luxembourg, Norway, Sweden, Italy, Denmark, UK, Thailand, Singapore, Hong Kong, India, United Arab Emirates, Saudi Arabia, Kuwait, Qatar, and most other countries. Seller is not eligible for Libertex in the United States, Australia, New Zealand, South Africa, the Russian Federation, Japan, Canada, and Brazil.
Is Libertex a secured broker?
Libertex is an effective and secure broker participating in the Investor Compensation Fund (ICF). In case the company is charged with bankruptcy, it can guarantee up to 20,000 Euros to its authorized customers.
Therefore, customer funds are kept in separate accounts from other financial institutions. Therefore, customer funds are kept separate from company funds and cannot be used for other purposes, such as operating expenses of the company. There is also a negative balance protection function. This means that your account must not be lower than the amount originally invested.
Is Libertex regulated?
Libertex is a trading platform of Indication Investmerits Ltd, a Cyprus investment firm regulated, regulated, and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number CIF 164/12. So there is no question about regulation. Therefore, these regulations help ensure that clients are using a reliable and reputable online broker and that strict rules must be followed.
Libertex- Our Conclusion
Our opinion on Libertex is fundamentally positive. Libertex is an established, regulated, and award-winning online broker that offers a truly easy-to-use trading platform and a wide range of financial products. In particular, the Libertex platform includes very useful trading tools that facilitate market analysis.
Account types are limited and leverage is limited to non-professional clients. They offer convenient payment methods and fast and efficient support. In our opinion, Libertex Online Broker can be suitable for all traders, from beginners to seasoned experts. With just a few clicks you can register on the trading platform and take advantage of the full offer on the Libertex website or mobile application.
Frequently Asked Questions
Is Libertex a reliable broker?
Libertex is a reliable and secure online broker. It has been operating since 1997 and has over 2 million customers. Libertex is not a scam.
How is Libertex regulated?
Libertex is a trading platform of Indication Investmerits Ltd, a Cyprus investment firm regulated, regulated, and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number CIF 164/12.
What devices is Libertex available on?
The Libertex platform is available for all devices. The platform can be accessed from your computer via a web browser. The mobile app also allows you to use Libertex on iOS and Android phones.
Is Libertex available in the UK?
Yes, Libertex is available in the UK.
Is Libertex a secured broker?
Libertex is an effective and secure broker participating in the Investor Compensation Fund (ICF).
What are the risks of trading Libertex?
There are no special risks associated with trading with Libertex. However, traders should focus on the general risk of trading and market volatility.
Do I have to pay taxes to my Libertex account?
Libertex does not apply taxes to business accounts, but business and other fees apply to account use. For more information, see the Libertex Fees section of this article.