Libertex Review (2023)

What is Libertex?

Libertex has operated since 1997 and is an international brand with its base in Cyprus offering professional experience and a range of customers from 110 countries worldwide. The broker offers 213 tradable assets available on a reliable, award-winning platform performed by high-speed execution of orders, processed through market execution.

Libertex Pros and Cons

Libertex is a broker with flexible trading conditions, variety of platforms and pricing built into a commission charge. The research is good.

For negative side, education is missing, proposal might be more suitable for experienced traders.

Is Libertex safe or a scam

No, Libertex is not a scam is a brand name that is used by the Indication Investment Ltd, a Cyprus established Investment Firm, which is regulated and supervised by the Cyprus Securities and Exchange Commission (CySEC).

The regulatory status is indeed the most important thing to check while choosing a broker, as a serious authority requirement establishes a set of rules that are governed by the MiFID in the case of Libertex. This means that the EU authority supervises the financial markets and investment services firms, their compliance and reliability within the zone and enables them to provide services to all EEA (European Economic Area).

Compliance

This requires numerous operational standards, substantial capital maintenance that proves liability, customer protection procedures and membership of the Investor Compensation Fund. Thus, the client who invests or trades with the Libertex or licensed company is assured by the authority about strict compliance with the procedures in reverse creating peace on your mind.

Instruments

The trading instruments including Forex currency pairs, stocks, metals, indices, commodities and more. Moreover, the Libertex enables to trade Cryptocurrencies that are widely presented to your benefit through the range of the popular or even less common pairs alike Bitcoin, Ethereum, Ripple, Monero, Dash, Stellar, Zcash, EOS, NEO and many more.

Actually, during its years of operations, Libertex has won around 30 international awards from various reputable organizations and institutions for its quality services and specifically for Cryptocurrency trading solutions.

Leverage

Leverage is the tool which allows you to trade a large amount of money, due to its capability to magnify your initial balance. Leverage is indeed a great option, yet the probability of profits or losses increases in parallel, which makes it essential to learn how to use leverage smartly.

Libertex leverage levels as usual determined by the regulatory restrictions, as are set by the European MiFID. Therefore, the maximum leverage level is set to 1:30 for major currencies, 1:20 for minor currencies and 1:5 for Cryptocurrencies.

Account types

The Libertex does not offer a variety of account types for retail traders, the simple opening process firstly will lead to the Demo account opening, while further you can Fund account and transfer it to the live trading. The account is named Libertex, which gives you the opportunity to choose platform either proprietary one or mainstay at popular MT4.

Besides, Libertex designed special account for professional traders that features absolutely tailored solution and custom designed.

Fees

Libertex offers costs through the 0 spreads at all times, with the service cost calculated as a trading commission through a specified percentage according to your opened position. Therefore, you will open a trade and know exactly how much you will pay, indeed a great feature for the trader of any style or experience.

Spread

There is no spreads from Libertex, you will pay commission charge, check below a commission percentage on some popular pairs below, as well you may compare fees to another popular broker Pepperstone.

Libertex rollover

Also, always consider rollover or overnight fee as a cost, which is charged on the positions held longer than a day and determined by the particular instrument. The example of swaps you may also see in the table above.

Funding Methods

The Libertex funding methods offering a selection of the preferred payment options that are available through the client’s menu within the Trading Platform.  Currently, there are numerous possibilities to use either

• Bank Transfer,
• Cards,
• e-wallets alike Skrill, Sofort, Ideal, Trusty, P24 and Neteller.

However, important to note that you should check with customer service your applicable option, as some jurisdictions may be entitled to some particular payment method.

Libertex Minimum deposit

Libertex minimum deposit is 100$ as a start, which will allow you to convert demo account to a live one. As mentioned Libertex offers only one account type for retail traders and professionals may submit account only by confirming their status and thus will access absolutely tailored trading conditions.

Libertex minimum deposit vs other brokers

	Libertex	Most Other Brokers
Minimum Deposit	$100	$500

Deposit fees

Libertex does not charge any commission for deposits from their side, yet make sure with the payment provider in case any other internal fees are applied. Also, Libertex may add on a withdrawal fee, which varies by the payment method, while Skrill is Free of Charge, 1% is added for Neteller transfers, or 0.5% for International bank transfers.

Withdrawal options

Libertex withdrawal methods are slightly different while delivering funds either through Bank Transfer, Skrill, Visa card or Neteller.  Typically, the withdrawal requests are processed by the Libertex’s finance department within one business day, yet there are cases when there is a need to check additionally the client’s request due to the compliance and the security reasons.

Trading Platforms

The Libertex trading platform features simplicity with user-friendly interface and deep market analysis that helps to make a better decision. Libertex is a proprietary designed cross-platform that allows accessing trading from any device, as the platform is web-based also enhanced with news feed and support from the third-company provider Trading Central.

Generally, the platform is a perfect choice for both, novice or professional traders as it includes all necessary tools and functions along with highly customizable capabilities.

Mobile trading

Moreover, the Libertex has also designed a mobile trading platform that is one of the best software for effective trading with different financial assets directly from the phone through the comprehensive charts and numerous trading tools. Also, in case you prefer to use market proven software MetaTrader4 you still having this option with Libertex.

Customer Support

In addition, the broker supports by the learning materials, which covers trading basics with the beginning course and advanced programs for experienced traders.

Lastly, Libertex customer service team, which counts over 700 employees is able to provide utmost level support at ease and convenience which proves its efficiency for the last 20 years to their millions of clients from numerous countries.

Conclusion

Overall, Libertex Review found a company with more than 20 years of operations, with advanced offerings by the variety of trading instruments and through the proprietary platform developed with trading convenience. The trading costs are calculated smartly based not on the spreads but according to the market condition and your particular trade as a percentage, so you are not paying extra spread or additional charges that are hard to be calculated. Thus, the novice traders, as well as the professionals might enjoy the easy calculations and transparent costs.