Libertex Review 2023
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Libertex - Trade Online. Libertex offer CFD and forex trading with competitive fees and no hidden costs.
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Trade dozens of currency pairs with low fees.
Trade stock CFDs or directly buy and sell shares in popular companies.
Use CFDs to bet on rising and falling prices with leverage.
Trade a large number of crypto-crypto pairs and crypto-fiat assets.
- 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
- Full range of investments
- Multiple payment methods
- Low minimum deposit
- Regulatory oversight
- Demo account
- MT4 integration
- 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 app, 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.
- 250+ assets including share dealing
- Commission-free cryptos and stocks
- 40+ industry awards and accolades
- A choice of trading platforms and apps
- Regulated broker with 25+ years of experience
- Beginner-friendly with a low starting deposit
- Inactivity fee after 180 days
- Limited account options
Assets & Markets
Libertex offers trading opportunities on a good range of global markets via leveraged CFDs. Underlying assets include:
- 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 instruments 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.
Importantly, there are zero crypto or stock trading commissions, though market spreads apply.
Overnight fees also apply to CFD trades. In addition, the broker charges a €5 inactivity fee after 180 days.
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.
With that said, traders that qualify as professional clients can access higher rates up to 1:600.
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
- Make a deposit using an accepted payment method
- Verify your identity and address
New accounts are typically approved and activated within three days.
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 hours on occasion.
The minimum deposit for a real account is €100, making the firm accessible to new 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 to facilitate all operations.
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 to only 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.
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 analyses are 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. The brokerage is also registered with the BaFin.
Regulatory oversight is a good sign that the broker is legitimate and trustworthy. Clients will have recourse options should they encounter certain issues or the company goes bankrupt.
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 EU-regulated firms.
Libertex is the trading name of Indication Investments Ltd, which itself forms a part of the Libertex Group.
The brokerage has been in operation since 1997 and currently serves millions of clients across many different countries.
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 9 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: firstname.lastname@example.org
- Phone: +35722 025100
Security & Safety
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.
Libertex accepts traders from the European Economic Area (EEA)
- Rapid Transfer
- Credit Card
- Wire Transfer
- Debit Card
|Regulated By||CySEC, BaFin|
|Mobile Apps||iOS, Android + Browser|
|AI / Machine Learning||No|
|Negative Balance Protection||Yes|
|Guaranteed Stop Loss||No|
CFD Trading Details
|Leverage||1:30 (Retail), 1:600 (Pro)|
Forex Trading Details
|GBPUSD Spread||From 0.2|
|EURUSD Spread||From 0.2|
|EURGBP Spread||From 0.2|
Cryptocurrency Trading Details
|Crypto Auto Market Maker||No|
Compare Libertex with similar brokers that accept traders from your location. Among available brokers these are the most similar to Libertex:
IG Group – IG is an award-winning broker that has an excellent reputation globally. The brand-US offers spread betting, CFD and forex trading across a comprehensive suite of markets. IG is also multi-regulated, provides a great trading app and has 50 years experience.
Go to IG Group
Just2Trade – Just2Trade offer high-tech trading on stocks and options with some of the lowest prices in the industry.
Go to Just2Trade
Forex.com – Forex.com boasts a global reputation with multiple awards and 20+ years experience. Regulated in the US, EU, UK and Canada they offer a huge range of 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
|Markets||Forex, Cryptocurrencies, Metals, Indices, Stocks, Oil & Gas, Agriculture, ETFs||Forex, ETFs, CFDs, indices, shares, commodities, cryptocurrencies, options, futures, spread betting||Stocks, ADRs, ETFs, futures, options, commodities, bonds||Forex, CFDs, Stocks, Indices, Commodities, Cryptos, Futures, Options|
|Minimum Trade||€10||0.1 lots||0.01||$1|
|Regulators||CySEC, BaFin||FCA, ASIC, MAS, FSCA, JFSA, FMA, CFTC, NFA, BMA, DFSA, FINMA, BaFin||CySEC, NFA, FINRA, Bank of Russia||CySEC, IIROC, NFA, CFTC, FCA, CIMA, CIRO|
|Bonus||–||–||Up to $2,000 for professional accounts||–|
|Platforms||MT4, MT5||MT4, AutoChartist, TradingCentral||MT4, MT5, TradingCentral||MT4, MT5, TradingView, AutoChartist, TradingCentral|
|Leverage||1:30 (Retail), 1:600 (Pro)||1:30||1:5 to 1:20||1:200|
Compare Trading Instruments
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Libertex vs Other Brokers
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Is Libertex Trustworthy?
Libertex is an established broker that is regulated by two reputable bodies, the CySEC and BaFin. The brand also has high-profile sponsorships with FC Bayern Munich and Tottenham Hotspurs. Add in a secure login process and account safety measures and we are comfortable that the brokerage is trustworthy.
Is Libertex Legit Or A Scam?
Libertex is a legitimate trading broker and not a scam. It has offered online trading for more than 25 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 while commission-free trading is available on stocks and cryptos. There are also no deposit fees. On the downside, the broker does charge a €5 inactivity fee after 180 days.
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|Libertex - Trade Online. Libertex offer CFD and forex trading with competitive fees and no hidden costs.
85.9% of retail investor accounts lose money when trading CFDs with this provider.