Libertex is a favorite among online foreign exchanges and CFD brokers which originates from Limassol, Cyprus. This review is intended to give information regarding the services provided by Libertex, for example, the kinds of accounts available, the attributes of its own trading program, and whether it’s possible to practice trading with a demo account. We also go over key comparisons (for instance, minimal deposit amounts, minimal transaction amounts, commission, etc) and bonuses on offer. If you’d like to learn more about Libertex, then keep reading.
The brand has been in operation since 1997, and now serves over 2.2 million customers across 11 various nations.
With 30+ industry accolades to its name, Libertex is surely a trusted platform to exchange from. As a marketplace making broker, Libertex takes another side of a trade in you, and just charges commission instead of spreads.
As a fully controlled online broker with 20+ years on the market, it’s reasonable to state Libertex is a powerful and dependable manufacturer. With more than 200 resources to pick from, it is the ideal choice for people who wish to exchange across many different different businesses.
Libertex provides users using its own special trading platform, no download required since it is based online.
The Libertex platform operates functionally and easily in almost any internet browser, complete with a very simple interface that makes trade concessions as simple as could be.
Speedy execution times (that can be critical for daytime traders) make the Libertex platform very user-friendly and can help provide users with a competitive advantage.
Though a great deal of brokers use current platforms (for instance, MT4 or even MT5), Libertex has put the effort into designing an interface with user experience in mind. It is a website that may be tailored and customised to the demands of the trader.
But they also have incorporated their dealings together with Metatrader. In addition to their very own platform, there’s also a MT4 platform for all those who favor this applications.
Libertex supplies its customers with the capacity to trade throughout the subsequent markets. But it’s worth pointing that the tools available to you will change dependent on your state of residence:
- 49 money pairs
- 100 stocks
- 41 cryptocurrencies
- 5 metals
- 18 indices
- 6 agricultural assets
- 5 oil/gas tools
- 10 ETFs
Spreads & Commission
No spreads are billed, just commissions on trade – this is an industry first.
The commissions that are charged can change depending on the asset and trade. On a few of the very popular currency pairs – EURUSD, for instance – commissions average at roughly 0.008%.
Commissions on stocks sit between 0.1 percent and 0.2 percent. In the end, it is well worth reading the terms & conditions to find out more about how commission proportions vary and what impacts these changes.
Libertex is totally free to join and there’s not any monthly fee for trading. The only fees related to trading would be the commissions as stated above.
Deposits and withdrawals are all free, therefore there are no hidden prices.
Leverage prices on Libertex can vary determined by the transactions considered from the consumer. The max leverage rate is 1:30. This amount is usually regarded as an industry standard throughout all European controlled brokers and applies to many forex pairs.
It’s possible for holders of specialist accounts to exchange with greater favourable leverage.
To obtain these accounts, users need to give proof of trading over the previous twelve months. Professional financial specialists are also considered for specialist accounts, subject to their own degree of experience.
The Libertex platform could be retrieved via dedicated mobile programs for iOS and Android tablets and phones. All these can easily be downloaded through the Apple App store and Google Play Store.
Alternately, users might desire to set up the program straight from the Libertex site. Both the Android and iOS programs are often upgraded for safety purposes and to improve the user experience.
The simple fact that the Libertex program has high ratings in the two iOS and Android shops is proof that it’s been well-designed and works well across all operating systems.
From a design standpoint, the program is user-friendly and clean, with simple order placement, the capability to pre-order, a stop loss tool, live quotes and gain taking.
Technical analysis are available, together with recommendations and trading signs to help mobile traders. News stories coming from the largest financial news websites are delivered directly within the program.
An innovative feature of the Libertex program is the ability to change out of demo mode to a real account with one tap.
Deposits can be made on Libertex through the following processes:
- Bank transfer
- Debit/credit card
- Rapid Transfer
Most payment methods are processed in an instant. But, bank transfers may take a few hours. Users could be billed 1 GBP for a few deposit procedures. The minimum deposit to get a real account is 10 GBP.
Some payment procedures (like Sofort, Trustly, Multibanco, GiroPay and iDEAL) may simply be utilised to finance the accounts.
Users who deposit money with one or more one of these services are needed to withdraw money via a different method. To learn more, we recommend reading the Libertex terms and requirements.
Libertex supplies its customers with access to a demo account. This permits customers to try out their trading skills and explore the way the Libertex platform functions until they opt to deposit any actual capital.
Libertex demo accounts include 50,000 GBP in virtual currency to exchange with. Demo accounts may be obtained via internet and mobile applications.
The Libertex demo accounts is helpful since it enables new users to figure out whether the system is appropriate for their own trading style.
When registering for a demo account, users also register to get a real account (even though they’ll be not able to get the actual account without making a deposit).
It’s not hard to change between trial mode and the real deal on the Libertex website/within the program, enabling users to benefit from quickly changing market scenarios.
Promotions & deals
Libertex supplies its users with various bonuses, promotions and bonuses.
New customers get a compensation bonus of 100 percent on their initial deposit. To be eligible for this promotion, new customers must deposit £/€100 in their accounts.
Along with the sign-up bonus, additionally, there are status levels that could be earned by customers determined by how much that they deposit.
But it’s worth pointing out that some promotional bonuses need the consumer to turnover their stake several times until the bonus is triggered.
Regulation & Licensing
CySEC is a trustworthy government authority that audits the capability of businesses to present honest trading and financial solutions. The simple fact that Libertex was given a license to trade out of CySEC usually means that the corporation may be completely reliable.
Along with being exceptionally user friendly, the Libertex system also includes plenty of features such as graphs, timeframes and indicators that are helpful during technical evaluation of the niches.
You will find 9 timeframes to select from, ranging from 1 minute to a month. 43 indicators are available, such as 22 trend signs, 8 volatility signs along with 13 oscillators.
Users may utilize the Order Management feature to check at live quotes for each available tool.
A favorites list may be customised to just include your most often traded resources.
This is beneficial for efficiently handling cost movements on routine trades. By precisely the exact same area of the website, users may have a look in their purchase history, wallet balance and pending orders.
A Live Trades segment announces the trading actions of different dealers around the Libertex platform. This is very handy for people who wish to keep their eye on trends or maybe mirror the trading choices of the others.
Unlike other online agents, Libertex claims to not provide multiple account types, and rather merely lists a “real” account and a demo accounts.
But dig a bit deeper and you might discover that professional traders may get leverages of 1:600 provided they could establish that they have substantial trading experience or qualifications.
Additionally, it is worth noting that within the actual accounts, it’s possible to get different status levels dependent on the total deposited.
- Gold status: Traders must make a deposit £250 while having their accounts.
- GoldPlus status: Traders who deposit £1,450 get a commission reduction of 4% for a reward.
- Platinum status: Deposits of £1,500 provide traders with a 20 percent commission reduction, in addition to accessibility to priority withdrawals.
- VIP status: Traders who deposit 5,000 GBP or more are eligible for a 30 percent commission reduction, priority withdrawals along with superior customer care.
- User-friendly interface
- Easy order positioning
- Plenty of technical evaluation
- Easy switching between real and demo account
- Quick withdrawals
- Trading hints and recommendations
- Live quotes
- Trade on 200+ tools
- Excellent customer support
- Completely regulated agent
- 20+ years’ experience
- No MetaTrader 4 or MT5 assistance
- A scarce education section
- Charges for a few of the deposit/withdrawal methods
The Libertex platform can be accessed via internet or program 24/7, 365 days per year.
Although it’s likely to exchange at any moment, it is well worth pointing out that markets are not always open 24/7! As you’re totally free to log in if you’d like, trading is restricted by the hours that the markets you would like to exchange on are available.
Let us take the foreign exchange market for instance. The New York forex market is available between 9am and 5pm GMT. The London forex market is available between 3am and midday GMT.
The Tokyo marketplace opens between 7pm and 4am GMT. There’ll always be opportunities to exchange, but your trading choices are time-restricted – particularly if you simply need to exchange on a specific market.
Contact Details/Client Service
Libertex customer service is offered in 11 various languages. Even though there’s absolutely no live chat alternative readily available, the customer support team will usually supply you with an answer to your question in a hour.
- Email: [email protected]
- Phone: +35722 025100
- Facebook: facebook.com/libertex
- Twitter: twitter.com/libertex_europe
Security and safety
Libertex has implemented customer fund segregation, meaning that in case of the company suffering financial issues, traders may be certain that their funds are kept individually and protected under the Cyprus Securities & Exchange Commission legislation.
Along with this, Libertex is a contributor to the ICF (Investor Compensation Fund) that covers dealer deposits around 20,000 GBP in case of bankruptcy.
Along with protecting capital, Libertex uses 128-bit SSL (Secure Socket Layer) encryption, providing consumers with reassurance that their private data can’t be compromised.
Android and iOS programs are also regularly upgraded for safety functions.
As among the planet’s most recognized online agents, it must come as no surprise that Libertex has plenty to offer beginners, casual dealers and skilled professionals alike.
Commission amounts are appealing, and also a special platform filled with features helps customers to make the proper trades.
While Libertex may lack specific educational programs, it makes up for this using a compact interface that facilitates rapid transactions – and that is more than sufficient reason to open an account now.
Libertex accepts traders from Thailand, United Kingdom, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.
Traders can’t use Libertex from United States of America, Australia, New Zealand, South Africa, Russian Federation, Japan, Canada, Brazil.