Libertex Review 2024
- Daytrading Review Team
Libertex will appeal to both beginner and experienced traders thanks to its easy-to-use platform and low fees. The brand is also a good pick for share dealing with commission-free stock investing.
Libertex is a well-known broker, established in 2012. The regulated brand has served numerous clients and is regulated by the Cyprus Securities and Exchange Commission with license number 164/12. Libertex offers CFD trading on 250+ underlying assets, including through an innovative and user-friendly proprietary web trader platform. Choose between CFDs on forex, cryptocurrencies, commodities, stocks, indices and ETFs, which are available with tight spreads and low commissions.
Libertex offers CFD trading on 50+ forex pairs, offering long and short opportunities. Its strength comes in its tight spreads – we were offered 0.2 pips for EUR/USD.
Libertex offers CFDs on 100+ stocks as well as 10 stock indices. Clients can also invest in real stocks directly on the Libertex platform and mobile app.
Libertex's list of CFDs covers a decent range of tradeable underlying assets, but there isn't much depth with only around 250 in total. Leverage up to 1:30 for retail clients is available in accordance with CySEC regulations, and traders can choose between three excellent trading platforms. Best of all are the tight spreads available on all markets and the zero commissions on investments in stocks.
With 70+ cryptocurrencies available to trade via CFDs with tight spreads, low commissions and overnight swap fees, Libertex is a great option for crypto CFD traders. The list of crypto CFDs includes the usual major players like Bitcoin and a good variety of lesser-known cryptos such as Tezos.
- Best CFD Broker 2023
- Best Trading Platform 2022
- Best Crypto CFD Broker 2022
- Best CFD Broker Europe 2022
- Best FX Broker 2021
- Most Trusted Broker Europe 2021
- Best Trading Platform 2021
- Very competitive pricing with low commission fees
- User-friendly platform as well as support for MT4 and MT5
- Helpful customer support available in multiple languages
- 250+ underlying assets as well as investment in real shares
- Accepts wide range of funding methods
- 40+ industry awards
- Tight spreads
- List of tradeable underlying assets is small compared to rivals
- Lacks educational content and other features
- Limited account options
- No copy trading
Libertex is an online stocks and CFD broker, headquartered in Cyprus. This review will assess the services offered by Libertex, including the account types, features of its investing account, and whether it is possible to practice trading with a demo account. Our team also list key comparison data, such as minimum deposits, trade sizes, withdrawals, plus fees and commissions.
Assets & Markets
Libertex offers trading opportunities on a good range of global markets via leveraged CFDs. Underlying assets include CFDs on:
- 50+ currency pairs
- 70+ cryptos including Bitcoin
- 6 agricultural assets
- 5 oil/gas instruments
- 100+ stocks
- 5 metals
- 20 indices
- 10 ETFs
Clients can also buy and sell stocks through the platform and app. Users can invest in big US tech firms, for example, and earn dividends.
When we used Libertex, we particularly liked the ‘Hot Assets’ function, which lists the most popular underlying assets on the broker’s platform.
Spreads & Commission
Libertex applies tight spreads across all underlying assets. For example, we were offered spreads from 0.2 pips on the EUR/USD CFDs.
Importantly, there are zero commissions on real stocks, though market spreads apply, and low commissions on CFDs trading.
Overnight fees also apply to CFD trades. In addition, 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). Account maintenance fee of €10 is charged in case the clients have not withdrawn the remaining balance from his/her account within two months from the termination date of the Agreement.
Leverage rates on the platform are set in accordance with the regulatory requirements for each class of assets.
The maximum leverage rate is up to 1:30 for retail clients. This level is generally considered an industry standard across all European-regulated brokers.
Prospective clients may be disappointed to find a slim choice of trading accounts.
There is a Real Account and Demo Account. The broker also offers an Invest Account for investing in shares (not via CFDs).
This means there are no fee discounts or other perks for clients that trade and deposit in large volumes. This is a notable drawback vs alternatives.
On a more positive note, it is straightforward to open a Libertex account:
- Provide an email address and password
- Review and agree to the terms and conditions
- Submit basic personal information, including name and complete an onboarding questionnaire
- Make a deposit using an accepted payment method
- Verify your identity and address (the verification is usually instant)
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 can be made via:
- Bank transfer
- Debit/credit card
- Rapid Transfer
Most payment methods are processed instantly. However, bank transfers could take several days on occasion.
The minimum deposit for a real account is €100, making the firm accessible to different traders. Libertex also does not apply fees for deposits.
Unfortunately, some payment methods (such as Sofort, Trustly, Multibanco, GiroPay and iDEAL) can only be used to fund an account. Users who deposit funds using any of these services are required to withdraw funds via another method.
Withdrawals via Skrill and PayPal are free, the cost of other withdrawals varies depending on the payment method. While using Libertex, we were pleased to see that fees are clearly stated at the point of confirmation. Most are in the region of 0.5% or 1%. Some methods are also dependent on the region.
Libertex provides users with access to its own unique trading platform. It is completely web-based, and no downloads are required. The platform runs smoothly in any web browser, complete with a user-friendly interface.
The platform executes trades quickly and provides a stable service. Opening positions is also straightforward using the right-hand widget.
The Libertex platform also comes with a range of features including charts, timeframes and indicators which are useful for technical analysis. There is a choice of 10 languages to display information in, making the broker accessible to traders in various countries.
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.
Clients can use the Order Management feature to look at live quotes for every available underlying asset. A favorites list can also be customized only to include your most frequently traded underlying 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.
Watch How To Place A Trade With Libertex
cTrader and MetaTrader
While a lot of brokers make use of existing platforms (such as cTrader), Libertex has put effort into designing an interface with user experience in mind.
With that said, Libertex has also integrated its service with MetaTrader. So, in addition to their own bespoke platform, clients can use either MetaTrader 4 (MT4) or MetaTrader 5 (MT5), two well-established trading platforms that offer a wide range of functionalities and features. Both solutions are also available on mobile and tablet devices.
MT5 is the latest iteration with more analytical tools, 12 new timeframes, an economic calendar, plus faster operations. As a result, it is a better pick for active day traders.
MT4 will meet the needs of most traders and could provide a familiar feel and features if you’re moving from another broker.
The Libertex platform can also be accessed via dedicated mobile apps for iOS and Android devices. These can be downloaded via the Apple App Store and Google Play respectively.
Alternatively, users may wish to install the app directly from the Libertex website. Both Android and iOS apps are regularly updated for security purposes and to enhance the features.
The fact that the app has high ratings in both iOS and Android stores is a good indication that it has been well-designed and functions well across all operating systems.
From a design perspective, the application is clear and user-friendly, with full market access, the ability to pre-order, a stop loss and profit taking feature, and live quotes.
Technical analysis is also available to assist mobile traders. News stories from the biggest financial news sites are delivered directly 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 on the screen.
Traders can fund their accounts via the app too.
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.
Demo accounts come with €50,000 in virtual money to trade with. Demo accounts can be accessed via web and mobile apps.
The 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.
Libertex is regulated and authorised by CySEC (the Cyprus Securities & Exchange Commission). License Number 164/12.
Regulatory oversight is a good sign that the broker is legitimate and serious.
Libertex offers a modest selection of useful tools, beyond its platform and app. This includes an economic calendar whereby you can filter by the importance of events and announcements. This is available for free directly from the broker’s website.
Clients can also view market research and analysis from the broker’s team. However, these are not kept regularly updated and do not rival the insights provided by some competitors.
In addition, our experts found that Libertex falls down when it comes to educational resources for novice traders. The brokerage offers little in terms of trading tutorials, platform manuals, and jargon busters.
Bonuses & Promotions
Libertex is not currently offering any bonuses or discounts as per CySEC requirements. This is similar to most regulated firms.
Libertex is the trading name of Indication Investments Ltd, which has been in operation since 2012 and currently serves multiple clients in the EEA Area and in Switzerland.
With over 40 industry awards to its name, Libertex is certainly a reputable platform to trade from.
As a market-making broker, Libertex takes the other side of the trade from you, and charges low commissions and tight spreads.
As a fully regulated online broker with years in the industry, Libertex is a strong and reputable brand. With over 250 underlying assets to choose from, it’s a good choice for those who want to trade CFDs across a variety of different industries.
Customer support is available in 8 different languages. There is a live chat option available, or the customer service team will generally provide you with a reply to your query within an hour.
Upon testing, we found the support staff helpful and knowledgeable, even if response times were slower than some alternatives.
- Email: email@example.com
- Phone: +35722 025100
Libertex makes use of 128-bit SSL (Secure Socket Layer) encryption, providing users security that their personal data cannot be compromised.
Android and iOS apps are also regularly updated for security purposes.
The Libertex platform can be accessed via the 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.
Libertex has a lot to offer newcomers, casual traders and experienced professionals alike. Commission levels are attractive, and a unique platform full of features allows clients to trade whenever they want. The opportunity to buy and sell stocks is another draw.
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.
Is Libertex Serious?
Libertex is an established broker that is regulated by the CySEC. The brand also has a high-profile sponsorship with FC Bayern Munich. Add in a secure login process and account measures and we are comfortable that the brokerage is serious.
Is Libertex Legit?
Libertex is a legitimate trading broker. It has offered online trading for more than 10 years and has picked up over 40 global awards in that time.
Is The Libertex App Good?
The Libertex app is a good all-round trading solution. Users can make deposits, manage positions and conduct market analysis. Traders can also switch between live and demo trading in one tap.
Does Libertex Offer Low Fees?
Libertex scores well in terms of spreads and commissions. Spreads start at 0.2 pips on major forex pairs CFDs while commission-free investment is available on stocks. There are also no deposit fees.
Top 3 Alternatives to Libertex
Compare Libertex with the top 3 similar brokers that accept traders from your location.
IG – Founded in 1974, IG is part of IG Group Holdings Plc, a publicly traded (LSE: IGG) brokerage. The brand-US offers spread betting, CFD and forex trading across an almost unrivalled selection of 17,000+ markets, with a range of user-friendly platforms and investing apps. For 50 years, IG has maintained its position as an industry leader, excelling in all key areas for traders.
Go to IG
Interactive Brokers – Interactive Brokers (IBKR) is a premier brokerage for experienced traders, providing access to 150 markets in 33 countries, along with a suite of comprehensive investment services. With over 40 years of experience, this Nasdaq-listed firm adheres to stringent regulations by the SEC, FCA, CIRO, and SFC, amongst others, and is one of the most trusted brokers for trading around the globe.
Go to Interactive Brokers
Forex.com – Forex.com boasts a global reputation with multiple awards and 20+ years experience. Regulated in the US, EU, UK and Canada they provide a huge range of day trading markets, not just forex, and offer competitive fees on a cutting-edge platform. The brand also provides a suite of additional tools, from performance analytics and SMART Signals to advanced charts and strategy builders.
Go to Forex.com
Libertex Comparison Table
|CFDs on Forex, Cryptocurrencies, Metals, Indices, Stocks, Oil & Gas, Agriculture, ETFs
|CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting
|Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, CFDs, Cryptocurrencies
|Forex, Spot Metals
|FCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA
|FCA, SEC, FINRA, CBI, CIRO, SFC, MAS, MNB
|Active Trader Program With A 15% Reduction In Costs
|Libertex (and mobile app), MT4, MT5
|Web, ProRealTime, L2 Dealer, MT4, AutoChartist, TradingCentral
|Trader Workstation (TWS), Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, eSignal, TradingCentral
|MT4, MT5, TradingView, eSignal, AutoChartist, TradingCentral
|Up to 1:30 (Retail)
|1:30 (Retail), 1:250 (Pro)
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|Libertex is a well-known broker, established in 2012. The regulated brand has served numerous clients and is regulated by the Cyprus Securities and Exchange Commission with license number 164/12. Libertex offers CFD trading on 250+ underlying assets, including through an innovative and user-friendly proprietary web trader platform. Choose between CFDs on forex, cryptocurrencies, commodities, stocks, indices and ETFs, which are available with tight spreads and low commissions.
73.77% of retail investor accounts lose money when trading CFDs with this provider.
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