Libertex Review 2021

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74,5% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Libertex Facts & Figures

Libertex - Trade Online. Libertex offer CFDs, with tight spreads and no hidden costs.

InstrumentsCFDs in Forex, Cryptocurrencies, Metals, Indices, Stocks, Oil and Gas, Agriculture, ETF
Demo AccountYes
Min. Deposit€100
Payment MethodsCredit Card, Giropay, iDeal, Neteller, Rapid Transfer, Skrill, Sofort, Trustly, Visa, Wire Transfer
Min. Trade€20
Regulated ByCySec
MetaTrader 4Yes
MetaTrader 5Yes
cTraderNo
STP AccountNo
ECN AccountNo
DMA AccountNo
Mobile AppsiOS and Android + Browser based platform
Margin TradingNo
Auto TradingYes
Social TradingNo
Copy TradingNo
Trade SignalsNo
Islamic AccountNo
CFD
FTSE Spread
GBPUSD Spread
Oil Spread
Stocks Spread
Leverage1:30
Forex
GBPUSD SpreadVariable
EURUSD SpreadVariable
EURGBP SpreadVariable
Assets50+
Cryptocurrency

Libertex provide trading on the largest number of crypto currencies with zero spread.

Spread
Coins50+
74,5% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Libertex is a popular online forex and CFD broker which operates out of Limassol, Cyprus. This review is designed to provide details about the services offered by Libertex, including the account types on offer, the features of its trading app, and whether it is possible to practice trading with a demo account. The review will also list key comparison data (such as minimum deposit amounts, minimum trade amounts and commission among others). If you would like to know more about Libertex, read on.

Company Details

Libertex is the trading arm of Indication Investments Ltd, which itself forms a part of the Libertex Group.

The brand has been in operation since 1997, and currently serves over 2.2 million clients across 11 different countries.

With over 30 industry awards to its name, Libertex is certainly a trustworthy platform to trade from. As a market making broker, Libertex takes the other side of the trade from you, and only charges commission as opposed to spreads.

As a fully regulated online broker with over 20 years in the industry, it is fair to say that Libertex is a strong and reliable brand. With over 200 assets to choose from, it’s the perfect choice for those who want to trade across a variety of different industries.

Trading Platform

Libertex provides users with access to its own unique trading platform. It is completely web-based, and no downloads are required.

The Libertex platform runs reliably and smoothly in any web browser, complete with a simple interface to facilitate trading.

The platform executes trades quickly and provides a stable services.

While a lot of brokers make use of existing platforms (such as cTrader), Libertex has put the effort in to design an interface with user experience in mind. It’s a site which can be customised and tailored precisely to the needs of the trader.

However, they have also integrated their service with Metatrader. So, in addition to their own bespoke platform, clients can also use either MetaTrader 4 (MT4) or MetaTrader 5 (MT5), two well-established trading platforms that offer a wide range of functionalities and features.

Assets/Markets

Libertex provides its users with the potential to trade across the following markets. However, it is worth pointing that the instruments available to you will vary dependent on your country of residence:

Libertex metatrader 4 platform
Libertex metatrader 4 platform

Spreads & Commission

Libertex apply tight spreads across all trading instruments.

Spreads vary by asset and market, but Libertex remain competitive across most trades.

Fees

Libertex does not apply fees. The minimum deposit is €100.

Deposits and withdrawals are free, so there are no hidden costs

Leverage

Leverage rates on Libertex can change dependent on the trades considered by the user. The maximum leverage rate is 1:30. This level is generally considered an industry standard across all European regulated brokers and applies to most forex pairs.

Mobile Apps

The Libertex platform can be accessed via dedicated mobile apps for iOS and Android devices. These can be downloaded via the Apple App store and Google Play Store respectively.

Alternatively, users may wish to install the app direct from the Libertex website. Both Android and iOS apps are regularly updated for security purposes and to enhance the features.

The fact that the Libertex app has high ratings in both iOS and Android stores is proof positive that it has been well-designed and functions well across all operating systems.

From a design perspective, the app is clear and reliable, with full market access, the ability to pre-order, a stop loss feature, live quotes and profit taking.

Technical analyses are available, along with recommendations and trading signals to assist mobile traders. News stories from the biggest financial news sites are delivered direct within the app.

One innovative feature of the Libertex app is the ability to switch from demo mode to a real account with a single tap onscreen.

Traders can fund their account via the app too.

Libertex mobile trading app

Payment Methods

Libertex allows traders to fund their accounts via several different methods. Regardless of where you are in the world, you should be able to find a method that suits you.

Deposits

Deposits can be made on Libertex via the following methods:

Most payment methods are processed in an instant. However, bank transfers could take several hours on occasion. Users may be charged €1 for some deposit methods. The minimum deposit for a real account is €20.

Withdrawals

Some payment methods (such as Sofort, Trustly, Multibanco, GiroPay and iDEAL) can only be used to fund the account.

Users who deposit funds using any of these services are required to withdraw funds via another method. For more information, we recommend reading the Libertex terms and conditions.

Demo Account

Libertex provides its users with access to a demonstration account. This allows clients to hone their trading skills and investigate how the Libertex platform works before they decide to deposit any real funds.

Libertex demo accounts come with €50,000 in virtual money to trade with. Demo accounts can be accessed via web and mobile apps.

The Libertex demo account is useful because it allows new users to find out whether the platform is suited to their trading style.

When signing up for a demo account, users also sign up for a real account (although they will be unable to access the real account without first making a deposit).

It is easy to switch between demo mode and real mode on the Libertex website/within the app, allowing users to take advantage of rapidly changing market situations.

Deals & Promotions

Libertex is not currently offering any offers, in line with the EU (ESMA) regulatory guidelines.

Regulation & Licensing

Libertex is regulated and authorised by CySEC (the Cyprus Securities & Exchange Commission).

CySEC is a trusted government authority which audits the ability of companies to provide fair trading and financial services. The fact that Libertex has been granted a licence to trade from CySEC means that the company can be fully trusted.

Additional Features

The Libertex platform also comes with a range of features including charts, timeframes and indicators which are useful during technical analysis of the markets. There is a choice of 16 languages to display information in, making Libertex applicable for traders all around the world.

There are 9 timeframes to choose from, ranging from one minute to one month. 43 indicators are on offer, including 22 trend indicators, 8 volatility indicators and 13 oscillators.

Users can use the Order Management feature to look at live quotes for every available instrument.

A favourites list can be customised to only include your most frequently traded assets.

This is useful for effectively managing price movements on regular trades. From the same area of the site, users can look at their order history, wallet balance and pending orders.

A Live Trades section announces the trading activities of other traders on the Libertex platform. This is particularly handy for those who want to keep an eye on trends or perhaps mirror the trading decisions of others.

Account Types

Libertex offer a Real Account and Demo Account.

Benefits

Drawbacks

 

Trading Hours

The Libertex platform can be accessed via web or app 24/7, 365 days a year.

While it is possible to trade at any time, it’s worth pointing out that markets aren’t necessarily open 24/7! While you’re free to log in whenever you like, trading is limited by the hours the markets you wish to trade on are open.

Let’s take the forex market as an example. The New York forex market is open between 9am and 5pm GMT. The London forex market is open between 3am and midday GMT.

The Toyko market opens between 7pm and 4am GMT. There will always be opportunities to trade, although your trading options are time-restricted – especially if you only want to trade on a certain market.

Contact Details/Customer Support

Libertex customer support is available in 9 different languages. While there is no live chat option available, the customer service team will generally provide you with a reply to your query within an hour.

Contact details are as follows:

Safety and Security

Libertex has implemented client fund segregation, which means that in the event of the firm suffering financial difficulties, traders can rest assured that their funds are held separately and protected under the Cyprus Securities & Exchange Commission legislation.

In addition to this, Libertex is also a contributor to the ICF (Investor Compensation Fund) which covers trader deposits up to €20,000 in the event of insolvency.

In addition to protecting funds, Libertex makes use of 128-bit SSL (Secure Socket Layer) encryption, providing users with peace of mind that their personal data cannot be compromised.

Android and iOS apps are also regularly updated for security purposes.

Overall Libertex Review Verdict

As one of the world’s most established online brokers, it should come as no surprise that Libertex has a lot to offer newcomers, casual traders and experienced professionals alike.

Commission levels are attractive, and a unique platform full of features helps clients to make the right trades.

While Libertex might lack certain educational tools, it makes up for this with a streamlined interface that facilitates rapid trades – and that’s more than enough reason to open an account today.

Accepted Countries

Libertex accept clients only from European Nations

Alternatives to Libertex

If you are looking for alternatives to Libertex we have compiled a list of the top 5 brokers that are similar to Libertex below. This list of brokers like Libertex is in order of similarity and only includes companies that accept traders from your location.

  1. Exinity – Exinity provides flexible low-cost trading in FX, commodities, indices and equities alongside unique education and support provided by teams located across the world. Now operating in the Middle East, through regulation from the Financial Services Regulatory Authority in Abu Dhabi and the Financial Services Commission of Mauritius, Exinity provides a range of services to traders and investors looking for new opportunities in the financial markets.
  2. Rockfort Markets – Rockfort Markets is a New Zealand broker with a competitive range of assets, trading platforms and market conditions.
  3. ZuluTrade – Zulutrade provide multiple automation and copy trading options across forex, indices, stocks, cryptocurrency and commodities markets
  4. eToro – eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
  5. EagleFX – EagleFX is a popular trading broker offering forex, stocks, cryptos & commodities.
Libertex - Trade Online. Libertex offer CFDs, with tight spreads and no hidden costs.
74,5% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Libertex vs Other Brokers

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