Searching for the right broker may seem easy, as the trading market is full of opportunities and offerings. In fact, making the right decision, and choosing the broker company that suits you and your trading needs, is quite tricky.
If you’ve been wandering around the web for quite some time, confused and curious, then you’ve come to the right place. Our team at FinanceBrokerage.com works day and night tirelessly searching for the brokers and gathering information about them so that you do not have to lose your time. In our review, we’ll go through all the aspects of this broker, starting with general information, explaining its trading platform, instruments, and the variety of accounts it offers. We’ll dive into the details so that you will not have to.
Without further ado, let us begin!
Libertex has quite a long history as it was founded in 1997. In this time, it gained up to 2.9 million customers worldwide in more than 120 different countries. The broker is also a Sponsor of English Premier League and Spanish LaLiga top clubs Tottenham Hotspur and Valencia CF.
Libertex is a brand name of Indication Investments Ltd, authorized and regulated by the CySEC. Moreover, the broker offers to trade on more than 250 financial CFD instruments covering commodities, stocks, indices, ETFs, and cryptocurrencies on the trading platform for web and mobile.
Libertex Review: Regulation and Client Security
Libertex is a brand name of Indication Investments Ltd. The broker is regulated by a European regulator – CySEC. Thus, it adheres to strict client safety protocols such as the segregation of client funds and providing a negative balance protection policy.
For your consideration, if you’ve never heard about regulatory authorities and especially The Cyprus Securities and Exchange Commission, then let us inform you that CySEC is quite a big deal. It is the independent public regulatory authority responsible for the supervision of the investment services and brokerages on the market. Furthermore, CySEC’s mission is to ensure investor protection and the healthy development of the trading market. You can feel safe. Libertex is not a scam, and the broker is very well regulated.
Tradable Products and Account Opening
Libertex offers both retail and professional trading accounts to trade currencies, indices, stocks, commodities, ETFs, and cryptocurrencies. The broker provides traders to sell on 213 CFD instruments. However, please take note for yourself and remember that trading costs such as spreads, commissions, and swap rates vary differently; the main reason is that it depends on the different instruments being traded and platforms used, such as the MT4 proprietary platform.
The account opening process with Libertex is quite simple. You can start either with the demo account to practice a little bit or hop on to the higher-level account; it is up to you. Each account type provides different benefits, discounts, and features.
Here are the minimum deposits of the status accounts:
- Gold level’s minimum deposit – 250 EUR
- Gold Plus level’s minimum deposit -1 450 EUR
- Platinum level’s minimum deposit – 1 500 EUR
- VIP level’s minimum deposit – 5 000 EUR
In case you want to go professional, you will have to meet three main criteria:
- You need experience in the financial services sector – meaning that you have to have at least one year in a professional trading or investment position.
- Sufficient trading activity in the last 12 months – which means that you have performed an average of at least ten transactions per quarter.
- Financial instrument portfolio of over EUR 500 000, which includes financial instruments and cash savings.
Also, Libertex allows Professional Clients to enjoy a lower level of protection as compared to Retail Clients. Libertex Pro account clients will not be subject to the new European leverage restrictions.
Libertex Review: Commissions and Spreads
As we’ve mentioned above, trading costs with Libertex vary depending on your account status level. Moreover, larger funded accounts have a much higher status level with more significant discounts on spreads and commissions.
- Gold level – trading commission discount of 3%
- Gold Plus level – trading commission discount of 4%
- Platinum level – trading commission discount of 20%
- VIP level – trading commission discount of 30%
Also, commissions vary depending on whether clients trade on the MT4 trading platform or the Libertex proprietary trading platform. Please take note and remember that, in case your account is inactive for 120 calendar days, you’ll be charged with 10 EUR per month.
Libertex Review: Payment Methods and Withdrawals
Libertex offers quick and simple deposit and withdrawal methods. The variety is quite wide. You can choose whichever you like, such as credit and debit cards, bank wire transfer, Skrill, Sofort, Neteller, GiroPay, iDeal, Rapid Transfer, Trustly, P24, Neosurf, Teleingreso, etc. Also, deposits and withdrawals can easily take place from the Libertex trading terminal.
Libertex clients can withdraw funds through a variety of ways with different commission amounts. For example, Skrill is commission-free, Neteller’s fee is 1%, while credit and debit cards take 1 EUR fee, etc.
Working with a broker without a well-managed trading platform is unimaginable. Therefore, Libertex seized the opportunity and created an environment that offers two trading platforms: through the globally recognized MetaTrader 4 trading platform.
Advantages of MT4 platform:
- It offers more than 43 currency pairs and 100+ trading tools.
- Flexible management with trailing stop on trading position closing.
- Client’s orders don’t need dealing desk (NDD).
- The MetaTrader platform allows traders to trade simultaneously from several accounts.
Pros of trading with Libertex Web:
- Quick management of your capital
- Simple and convenient
- The minimum trade volume of 100 EUR
- Multiple chart types and timeframes
- Access to 250+ instruments
- Trading with zero spreads
Mobile Trading Platform
Overall, the Libertex mobile app is no different from the Libertex proprietary platform, and it basically provides the same features as its web version with access to multiple asset classes. Additionally, it is 100% compatible with both Android and iOS systems. Clients can find the download links for the app on the broker’s website.
Libertex Review: Trading Education and Research
Libertex provides access to educational resources including educational blogs and webinars that cover a wide variety of topics. We found over 50 lessons that traders and especially beginners can watch online.
As a research tool, Libertex provides access to live market analysis webinars, market news, and trading ideas.
Libertex: Client Support
The broker offers customer support that you can reach, in case of questions or other issues, from Monday to Friday 8 am to 8 pm Central European Standard time. You can reach support through either their Live Chat, E-mail, or telephone number.
- Address: Iacovou Tompazi 1, Vashiotis Business Center, 1st Floor Office 101, Neapoli 3107, Limassol, Cyprus
- Email: [email protected]
- Phone: +357 22 025 100
Libertex Review: What Do We Think?
Overall, our experience with Libertex was quite positive and pleasant. The broker is CySEC regulated, offers multiple asset classes, MT4 platforms, and good educational webinars. The trading platform gives you many features and allows you to start with a free demo account. Thus, both beginner and advanced traders can enjoy great account offerings, easy calculations and transparent costs.
Let’s not forget that Libertex is a company that has more than 20 years of experience, thus it is fully capable of providing the best and most relevant service to its clients. The resilience and professionalism of the company ensure that all products and services are trustworthy.
However, before starting any trading, please remember to:
- Do your own research, read more about CFD-s and brokers that you are going to invest in.
- CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. It would help if you considered whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Thank you for reading our Libertex review, we really do hope that it was useful and helpful. We wish you luck in trading and investing. Please don’t hesitate to leave us your personal experience and opinion about Libertex.