Libertex

Libertex was founded in 1997. The online broker is a multinational corporation that claims to have 2.2 million clients and 700 workers worldwide and was one of the first retail FX brokers in the online brokerage sector. Libertex is a subsidiary of the Limassol, Cyprus-based Forex Club Group.

Libertex is a robust online trading tool that can help you improve your trading skills. Whether you’re a novice or a talented trader, Libertex provides the right tools to assist you trade over 250 instruments.

Indexes, cryptocurrencies, equities, commodities, currency pairs, and other assets can all be traded with a single tap or click. Libertex transforms into what you need it to be once you have it in your hands, allowing you to achieve your objectives. They use trading to help people get more out of life. And it’s for this reason that the company’s tagline is Trade for More!

Pros

• User-friendly interface
• Easy order placement
• Lots of technical analysis
• Easy switching between demo and real accounts
• Fast withdrawals
• Trading signals and recommendations
• Live quotes
• Trade on over 200 instruments
• Great customer service
• Fully regulated broker
• 20+ years’ experience

Libertex Regulation

Libertex has been granted a license to provide passport brokerage services throughout the European Union (EU), a highly regulated zone that prioritizes investor safeguards. The Cyprus Securities and Exchange Commission, which authorizes Libertex, keeps a close eye on the brokers under its supervision in terms of information and fund security, clear pricing, and frequent reporting, among other things. As a result, Libertex traders don’t have to worry about anything except their own skill to spot and manage market opportunities.

Trading Account Types with Libertex

Libertex, unlike other online brokers, claims to not offer different account kinds, instead listing only a “genuine” account and a “demo” account.

However, if you delve into it a bit deeper, you’ll discover that skilled traders can get leverage of 1:600 if they can demonstrate sufficient trading expertise or credentials.

It’s worth noting that, depending on the amount placed, several status levels can be accessed within the real account. The following are the levels:

• Gold status: Traders must make a sum deposit of €250 over the course of their account’s lifetime. Those who reach gold rank are eligible for a 3% commission discount.
• Gold Plus status: Traders who deposit €1,000 are eligible for a 4% commission savings.
• Platinum status: Traders who deposit €1,500 or more receive a 20% commission discount as well as priority withdrawals.
• VIP status: Traders that deposit €5,000 or more qualify for a 30% commission reduction, priority withdrawals, and premium customer service.

Account Opening with Libertex

Libertex makes it simple and quick to open an account. To receive access to Libertex’s trading platform, all you have to do is provide your email address and create a password. An email confirmation will be delivered to the trader(s) email address following the registration. Following so, you can utilise the platform and try out all of the features in the free demo account.

You can fund your account immediately when you prefer to trade live rather than demo, and the minimum deposit is €100 with no fees. For security reasons, we urge that you completely validate your account before trading real money. If you deposit money without first validating the account, and then have problems with verification, withdrawing those cash may be difficult. We’d like to stay away from that as much as possible. As a result, it is best to verify the account as soon as possible.

Trading Platform with Libertex

Libertex gives consumers access to a one-of-a-kind trading platform. It is entirely web-based and does not require any downloads.

The Libertex platform is fully functional and runs seamlessly in any online browser, with a user-friendly interface that makes trade placements as simple as possible.

The Libertex platform is one of the most user-friendly in the world, with fast execution times (which are critical for day traders) that can assist users gain a competitive advantage.

They’ve also made their service compatible with Metatrader. Clients can use MetaTrader 4 (MT4) or MetaTrader 5 (MT5), two well-known trading platforms with a wide range of functions and features, in addition to their own bespoke platform.

Financial Instruments offered by Libertex :

Cryptocurrencies: There are over 40 different cryptocurrencies and crypto-related instruments to choose from.

Forex: There are a total of +28 currency pairs, including majors and minors, as well as 21 exotics.

CFDs on Stocks from Top US and European Companies: +50 CFDs on Stocks from Top US and European Companies

ETFs: 10 CFDs on the most popular ETFs, primarily from iShares.

Libertex offers CFDs on a number of commodities, including five metals, six agricultural products, and five energy products.

Commission and spreads at Libertex

Libertex has decided to only charge fees on trades, which is an industry first. There are no spreads to pay.

The charges charged differ from one asset to the next and from one trade to the next. Commissions on some of the most popular currency pairs, such as EURUSD, are around 0.008 percent on average.

Commissions for cryptocurrency pairs might be anywhere from 0.47 percent to 2.5 percent.

Stock commissions range from 0.1 percent to 0.2 percent. Finally, it’s a good idea to read the terms and conditions to learn more about how commission percentages change and what influences them.

Leverage with Libertex

On Libertex, leverage rates can fluctuate depending on the deals that the user is considering. Leverage is limited to a maximum of 1:30. 

This level is widely regarded as an industry standard among all European authorized brokers, and it applies to the majority of forex pairings.

Holders of professional accounts may be able to trade with more favorable leverage.

To qualify for one of these accounts, customers must show proof of significant trading activity in the previous twelve months. Professional financial gurus, depending on their level of experience, will also be considered for professional accounts.

Libertex Deposit and Withdrawal

Deposits can be made at Libertex via the following methods:

• Bank transfer
• Debit/credit card
• Skrill
• Neteller
• Sofort
• Trustly
• GiroPay
• iDEAL
• Multibanco
• P24
• Rapid Transfer

The majority of payment types are processed instantly. Bank transfers, on other hand, can take several hours on rare occasions. Some deposit methods may incur a €1 fee for users. A real account requires sme minimum deposit of €20.

Sofort, Trustly, Multibanco, GiroPay, and iDEAL are examples of payment methods that can only be used to fund the account.

Withdrawals

Sofort, Trustly, Multibanco, GiroPay, and iDEAL are examples of payment methods that can only be used to fund the account. Users who deposit money using one of these services must withdraw it using a different way.

Withdrawals can be done through:

• Credit/debit card
• Skrill eWallet
• SEPA/International bank wire
• Neteller

Educational and Research Support with Libertex

If there is one area where Libertex excels, it is in the fields of education, journalism, research, and data. On its website, the broker publishes an interesting blog about forex, trading, and cryptocurrency. There’s also a part dedicated to education, which includes 29 trading classes with accompanying videos. The video course may be found under the ‘All Products’ category on the company’s website and on the in-house trade platform – video course.

Customer Support at Libertex

Libertex offers customer service in 11 different languages. Although there is no live chat option, the customer support team will usually respond to your problem within an hour.

Contact details are as follows:

• Email: [email protected]
• Phone: +35722 025100
• Facebook: facebook.com/libertex
• Twitter: twitter.com/libertex europe

Final Verdict

Libertex, being one of the most well-established online brokers in the world, has a lot to offer newbies, casual traders, and seasoned pros alike.

Commissions are tempting, and a one-of-a-kind platform with a variety of features assists clients in making the best deals.

While Libertex lacks some instructional resources, it makes up for it with a user-friendly design that allows for quick trades — and that alone is reason enough to sign up.