Libertex Review

Libertex Reviews: Summary

Libertex is a CFD broker based in Cyprus. It was founded in 1997 and has a user-friendly interface for online trading. Read our Libertex review and all its features in this article.

With more than 2 million clients in several countries, Libertex has established itself as a reference in the online broker industry and has won numerous awards. There is no doubt that Libertex is one of the unmissable providers in the market today.

Its online trading platform is quite comprehensive, well-designed and suitable for private traders. Moreover, this broker offers a wide range of assets: hundreds of CFDs on stocks, commodities, indices or even cryptocurrencies. All this with reasonable fees that allow short-term trading and day trading.

The broker is regulated by CySEC in Cyprus, so certain account protection measures have been put in place.

Finally, the account opening process is quick. If you want to use all the features of Libertex, you just need to get started and register using the link below.

Who is Libertex suitable for?

If you are looking to start trading with a user-friendly, comprehensive trading platform while minimizing the cost of CFD trading, Libertex is ideal for you. It is one of the most competitive platforms for scalping CFDs.

Libertex Opinion on Trading Fees and Commissions

Tight spreads on the webtrader. In our Libertex opinion, the overall trading costs are competitive.

On the broker’s proprietary platform, all instruments offered by the broker Libertex are settled on a commission basis . Overall, the trading costs at Libertex are lower than the market average in our opinion.

Trading on Libertex can be done via the broker’s proprietary platform or via the Metatrader trading platforms (MT4 and MT5). Each platform has different pricing. That of the proprietary platform is cheaper.

MT4 account

Although settlement is mainly done through commissions, a spread is added to the Metatrader account. This spread is usually low, as low as 0.0 pips for large and small pairs, and slightly higher for exotic pairs.

Libertex account fees

There are tight spreads on a Libertex account. However, swaps affect your transactions.

Libertex is a broker that charges a commission for open positions. This is expressed as a percentage. So it depends on the size of your position.

The commission at Libertex is lower for the most traded assets like EUR/USD. It is also variable and can increase significantly during quiet times like after the US financial markets close.

It is important to note that the commission is calculated in relation to the leveraged position and not in relation to the margin used.

Libertex Account Opening Opinion

Libertex offers a demo account and a real account. To simplify its offerings, Libertex offers the Real or Standard account.

To open an account, go to the Libertex website and click on “Register”. A pop-up window will ask you to provide your email address and create a password.

Once you provide this information, you will have access to the Libertex trading platform. From then on, you can use Libertex demo account for free.

You will receive an email from the broker to verify your email address. From the trading platform, you can make a deposit, but you will need to verify your identity within 15 days of making the deposit.

Real or standard account

Opening a real account with Libertex is fast and completely paperless. The broker gives you access to your dashboard after you enter your personal data.

The leverage or “multiplier” is limited to a maximum of 1:30 for private trader accounts, which is in line with the limits set by ESMA (European Securities and Markets Authority).

The Libertex demo account

With the demo account, you can practice trading without risking your money. A virtual capital is credited to your account. This way you can trade with the real prices of the assets represented on Libertex.

With the demo account, you can test the various trading functions. We recommend it to you if you are a beginner. Trading with demo will give you an insight into Libertex’s fees before you move on to real money trading.

Libertex offers you a free demo account with €50,000 as soon as you open your account.

UK traders are accepted.

Libertex allows virtually all traders from the UK to open an account. However, the broker has a non-exhaustive list of restricted countries. It can be updated at any time.

Globally accepted countries in Europe

Bulgaria
Croatia
Cyprus
Czech Republic
Denmark
Estonia
Finland
France
Germany
Greece
Hungary
Iceland
Ireland
Italy
Latvia
Liechtenstein

Lithuania
Luxembourg
Malta
Netherlands
Norway
Austria
Poland
Portugal
Romania
Slovakia
Slovenia
Spain
Sweden
Switzerland
United Kingdom

Deposit and withdrawal at Libertex

Libertex is among the most competitive brokers when it comes to offering deposit and withdrawal methods. You only need to deposit €100 into your account to start trading.

Deposits

Deposit methods Minimum amount Fees Processing time.

Skrill	100 €	Free of charge – Immediately
PayPal	100 €	Free of charge – Immediately
Neteller	100 €	Free of charge – Immediately
Giropay	100 €	Free of charge – Immediately
Trustly	100 €	Free of charge – Immediately
Przelewy24	100 €	Free of charge – Immediately
Multibanco	100 €	Free of charge – Immediately
Bank transfer	100 €	Free of charge – Immediately
VISA-Karte, Mastercard	100 €	Free of charge Immediately

The minimum deposit to open a Libertex account is €100. We liked the variety of choices Libertex offers for crediting your account. Here are the deposit methods available to you.

Deposits by debit or credit card from VISA and Mastercard are accepted on Libertex. This is the fastest way to fund your account. Deposits by bank card are limited to €5,000.

For higher deposits a bank transfer is required. Your funds will be available for trading after 3 to 5 days.

Deposits via Skrill and Neteller wallet are instant, but are limited to €5,000.

Libertex also offers instant deposits via bank transfer with Sofort, Trustly, Giropay, iDEAL, P24, Multibanco and Rapid Transfer. These services only work with certain banks. So, you need to contact Libertex support for more information. There are no deposit fees when you use this method.

Most of the deposit solutions available are fee-free. However, your bank may charge a fee.

We recommend depositing via credit card or digital wallets if you want to quickly fund your account and move on to real trading. Bank transfer is the least fast payment method and is suitable for depositing larger amounts.

Before you can start trading, you will need to complete an identity verification or KYC (Know Your Customer). This is a process mandated by the regulatory bodies the broker is under. As a financial institution, Libertex is required to verify your identity in order to comply with KYC and AML (Anti-Money Laundering) rules. This verification is done immediately after your deposit and not at the time of withdrawal.

When withdrawing by credit card, it can take up to 5 days for your funds to reach you. The fee for withdrawals by card is €1. Withdrawals by wire transfer incur a 0.5% fee, with a maximum of €10.

Withdrawals by Skrill and Neteller are quite fast. They are usually processed within 24 hours. Withdrawals via Skrill are free of charge, with Neteller you pay a 1% fee.

It is important to note that you cannot make withdrawals using Sofort, Trustly, Giropay, etc. solutions. Therefore, your withdrawal requests can only be made by wire transfer.

For both deposits and withdrawals, the accounts used must be in your name.

Libertex trading platforms

Libertex has its own trading platform. The broker also offers MT4, MT5 and a mobile application.

Libertex offers a proprietary trading platform that shares its name. The platform is online-based. This means that you can access it with any computer once a browser is installed on it.

We find that the Libertex trading platform is user-friendly. At the top of the platform, there is a search bar that allows you to quickly find the asset you are interested in. You can also sort the assets by class.

A chart is integrated into the platform. With the technical indicators and the drawing tools, you can perform your technical analysis across different time units.

In the window on the right side of the platform you can place your orders or view the history of your trades.

Design

Being the most popular trading platform, most traders are already familiar with Metatrader 4. It is a user-friendly platform with a minimalistic design. In our opinion, Libertex’s webtrader has a more modern look compared to Metatrader 4 and a lot of information is displayed on the screen. Its user interface is intuitive.

However, it does not offer much room for customizing the workspace. You cannot move the windows around at will.

Placing orders

It is easy to place orders on Libertex. There are options to buy at the current market price or create a pending order. You can also enter more details about the order, such as stop loss, take profit and lot size.

To help you manage risk, specify the amount you are risking instead of specifying a price.

Alerts and notifications

The Libertex platform continuously distributes information from the Trading Central offer.

Portfolios

All your trading activity is easily accessible in MT4 under the trading window. There you can see all your open trades and their respective profit and loss amounts. Libertex’s web platform also provides this information through the “Portfolio” tab, and you can see exactly how much you are exposed to the market in real time.

Reports on trading activities

You can quickly generate a report of your trading activities as a PDF file from the MT4 or MT5 trading platform, which contains important information. This is a useful tool to evaluate your performance, identify weaknesses and plan future strategies. However, we have not found a feature that allows you to create reports on the web-based Libertex platform.

The Libertex mobile application

Libertex has also developed a mobile version of its trading platform. In it, you will find the same features as on the main platform. The app is available on Google Play and Apple Store.

The app is quite self-contained, so you can manage all your positions in it. You can also make deposits and withdrawals from this platform. Other interesting features can also be found on Libertex mobile, such as the business news feed.

Metatrader 4 and 5

Libertex offers Metatrader 4 and Metatrader 5 trading platforms developed by MetaQuotes. MT4 is the most popular platform in the industry. No wonder it is offered by many brokers by default. The platform has advanced tools for technical analysis. In addition to the pre-installed technical indicators, you have the option to add more free or premium indicators found on the Internet.

The real added value of these platforms is the ability to easily automate your trading strategies using trading robots, commonly known as EAs. This feature is not available on this Libertex platform.

They also have their mobile versions developed for Android and iOS.

A wide range of asset classes is available through CFDs, with leverage limited to 1:30.

Markets and financial assets available at Libertex

Libertex offers traders a wide range of assets to choose from. You are likely to find the instrument you are interested in trading there.

CFD (Contract For Difference)

CFD stands for Contract For Difference. It is a derivative that allows you to speculate on any asset to move it up or down. The advantage of CFDs is that you can profit from market fluctuations without actually buying the underlying assets.

So at Libertex, CFDs are a contract between you and the broker. This contract allows you to buy or sell any asset listed with Libertex, setting your stop loss and take profit values.

Another advantage of CFDs is leverage. You can trade volumes that exceed the amount of your initial deposit. For example, with a leverage of 1:10, you can open a position that is ten times the amount you mobilized for the position.

Libertex offers CFDs on a wide range of asset classes.

Currency Pairs CFDs

Libertex offers a large enough selection of almost 50 currency pairs, including majors, minors and exotic pairs. Here are some pairs that you can find on this platform:

CAD/JPY,
HF/SGD,
USD/JPY,
GBP/USD,
EUR/USD,
AUD/USD.

However, if you are just starting to trade, you should be careful with exotic pairs, as these currency pairs are not very liquid and therefore can cause high commissions, especially for short-term trading.

The maximum leverage is 1:30 on currency pairs if you live in the EU.

Cryptocurrencies CFDs

If you want to diversify your trading portfolio by introducing more volatile instruments, Libertex offers you the opportunity to trade CFDs with a variety of cryptocurrencies. You can find the following cryptocurrencies.

Bitcoin,
Litecoin,
Ethereum,
Monero,
Qtum,
Solana
zCash,
Stellar,
Iota,
Cosmos,
Maker,
Chainlink,
Ontology,
Ripple,

and many others.

The shares CFDs

Stocks for purchase and stock indices are offered through CFDs. There are almost 50 contracts available, which are related to stocks listed in major markets, mainly in Europe and North America.

Google,
Microsoft,
Intel,
Adidas,
Netflix,
Apple,
Gamestop,
usw.

The companies are sorted by industry, so you can find them faster. The search engine integrated into the platform also helps you find value faster.

The CFD indices

If you want to trade less volatile instruments, index CFDs are for you. Stock indices are baskets of stocks, so they are more stable and less risky. You can choose from major European, Asian and North American indices, such as :

Nasdaq,
S&P 500,
FTSE 100,
CAC 40,
DAX,
Dow Jones,

Commodities CFDs

Trading commodities is another way to add diversity to your portfolio. As a rule, commodities are riskier financial instruments, as their price movements are influenced by factors that are difficult to predict, such as weather, natural disasters and geopolitics.

On Libertex you can trade commodities with CFDs like:

Crude oil,
gold,
copper,
silver,
platinum,
palladium,
fuel oil,
natural gas,
coffee,
cocoa,
soybeans,
corn,
sugar,
Wheat.

The technical indicators available on the platforms enable the analysis of these commodities.

The ETFs CFDs

ETFs CFDs or exchange-traded funds are an alternative for traders who prefer low-risk instruments. An ETF is a bundle of instruments that can consist of stocks, bonds, commodities, etc. You will find some highly desirable ETF CFDs like:

iShares MSCI Mexico,
iShares China,
iShares MSCI United Kingdom,
iShares MSCI Germany.

The tools available at Libertex

With our Libertex review, you can see that the available search tools are quite limited, but sufficient for a beginner on the markets.

Libertex’s platform is sufficiently equipped to trade adequately. For your technical analysis, you can change the time unit of the chart from one minute to one month. There are over 40 technical indicators at your disposal to refine your strategies. You will find the most popular indicators such as RSI, MACD or moving averages.

The economic news is constantly updated on the Libertex website. It is also available at the mobile application level. However, it lacks some indispensable tools for the trader, such as the position size calculator.

Libertex customer service

Satisfactory customer support and a very detailed FAQ section.

We liked the fact that Libertex’s customer service has translated the website into ten languages. You can contact them via email or chat if you have any questions about opening an account or Libertex’s various trading platforms.

However, before you contact support, many questions are answered on the website. In addition to the FAQs, Libertex has a dedicated support page called “Help and Support”. You can find the link at the bottom of the main page. Virtually all the problems you may encounter will be solved there, especially those related to deposits and withdrawals, KYC, trading conditions, etc.

For your most urgent concerns, you can contact them by phone. However, the phone support is available in English only.

Libertex training offer

Libertex has a trading training offering that is more focused on its main platform. There is a lack of resources for online trading in general.

Webinars

Webinars are regularly maintained by the broker’s analysts and then recorded. So you can watch the past webinars on Libertex website.

In case of bankruptcy of Libertex

A broker regulated by CySEC in Cyprus. Private traders are protected up to €20,000 (via the Investor Compensation Fund).

Regulation

Libertex is actually the trading name of Indication Investments Ltd, a company based in Cyprus. It is regulated by the Cyprus Securities and Exchange Commission (CySEC). Therefore, the broker is required to follow certain rules to protect client funds.

The client funds are segregated. In other words, Libertex separates its equity from its traders’ funds. This protects them in the event of the broker’s insolvency. So, your funds are deposited with a partner bank of Libertex.

In addition to segregation, you also benefit from the Investor Compensation Fund (ICF).

This is a mechanism introduced by CySEC to protect investors who use financial service providers in Cyprus. Your deposits with Libertex would thus be protected up to an amount of €20,000 in case of company`s bankruptcy.

Libertex has also taken numerous measures to secure its website. Your bank details as well as your card details are encrypted using SSL technology during payment.

Awards received

Libertex has a long history dating back to 1997, and is actually one of the first online brokers to offer CFDs. During its development, the company has received more than 40 awards, for excellence in various aspects of its business. For example, Libertex was awarded the prize for the best trading platform in 2020 by World Finance Magazine.

Previously, in 2019, Libertex received an award for the best trading application and the best broker for cryptocurrencies in 2018. These awards highlight the quality of the broker’s services. Libertex makes sure that its trading clients have the best experience on its platform.

Libertex Review: Conclusion

Libertex is a very experienced broker with more than 20 years of experience in the online trading industry. Its platform is sufficiently equipped for you to trade there adequately, private traders.

Our overall opinion of Libertex is very positive.

Finally, Libertex is for you if you want to combine simplicity with tight spreads. Our opinion about Libertex is very positive overall. Do not hesitate any longer and follow the link below to start investing on the platform.

Is Libertex regulated?

Libertex is a CySEC regulated broker in Cyprus. It is required to comply with KYC and AML guidelines.

Where is Libertex located?

Libertex is headquartered in Limassol, Cyprus.

Can I trade cryptocurrencies at Libertex?

Libertex offers trading in cryptocurrencies via CFDs.

Can I make a deposit to my Libertex trading account using PayPal?

Yes, Libertex allows deposits via PayPal.

CFDs are complex instruments and carry a high risk of losing money due to leverage. 75.3% of retail investor accounts lose money when trading CFDs with this provider. You should ask yourself if you understand how CFDs work and if you can afford to risk your money.

Libertex