LIBERTEX REVIEW

Libertex, a prominent online broker and a member of the Libertex Group founded in 1997, holds a remarkable position in the trading industry. Headquartered in Cyprus, this CFD Broker offers 1000+ CFDs to trade in. The educational resources offered by Libertex are exceptional.

With a vast and loyal customer base, Libertex has earned more than 40 prestigious international awards. Our evaluation of this broker left us with a positive impression. The company’s online operations, products, and services are truly impressive. Now, Let’s jump into the Libertex Review:

OFFICIAL WEBSITE	https://libertex.com/
HEADQUARTERS	Cyprus
FOUNDED YEAR	2012
REGULATION	CySec, FSC
PRODUCT OFFERED	Stocks and CFDs on Stocks, Metals, Forex, Cryptos
MINIMUM DEPOSIT	EUR 100
MAXIMUM LEVERAGE	1:500
ISLAMIC ACCOUNTS	NO
TRADING APPLICATIONS	MT4, MT5, Libertex
INACTIVITY FEES	YES
ASSETS	Hot assets Stock CFDs Cryptocurrencies Forex Metals Indices Agriculture Oil and gas ETFs
LANGUAGES	English, Portuguese, Vietnamese, Chinese
PAYMENT METHODS	Netteler, MasterCard, VISA, Visa Electron, Maestro, Wire, Skrill, QIWI, WebMoney
CUSTOMER SUPPORT	24*5

WE RECOMMEND LIBERTEX FOR

Libertex provides a useful set of tools, in addition to its platform and app. One such tool is the economic calendar, accessible for free on the broker’s website. This calendar allows users to filter events and announcements based on their importance.

Clients also have access to market research and analysis from the broker’s team. However, it’s worth noting that these resources are not consistently updated and may not match the level of insights offered by some competitors.

One area where Libertex could improve is its educational resources for novice traders. The brokerage offers limited trading tutorials, platform manuals, and jargon explanations, which may be insufficient for those new to trading.

Thus, we recommend Libertex to Professional and Novice traders equally, as Libertex offers a free demo account with a virtual amount of $50000.

Read More- AvaTrade

LIBERTEX REVIEW: IS LIBERTEX A REGULATED BROKER?

Libertex is a trademark agency of Indication Investments Ltd. a Cyprus investment firm that operates under the regulation and supervision of the Cyprus Securities and Exchange Commission (CySEC). The company holds a CIF Licence number 164/12 and offers investment services to clients within the European Economic Area and Switzerland.

CySEC is recognized as a tier-1 regulator of our system, indicating its high level of authority and credibility in overseeing financial activities.

ENTITY FEATURES	INDICATION INVESTMENT LTD.
COUNTRY/REGION	Limassol, Cyprus
REGULATION	CySec
TIER 1	Yes
NEGATIVE BALANCE PROTECTION	Yes
COMPENSATION SCHEME	Yes

WHAT TYPES OF TRADING ACCOUNTS DOES LIBERTEX OFFER?

Libertex provides two live account types: Libertex Portfolio and Libertex CFD. The minimum deposit necessary to open a real account is just $10.

ACCOUNT TYPES	LIBERTEX PORTFOLIO	LIBERTEX CFD
Minimum Deposits	$50	$10
Trading Assets	Hot assets Stock CFDs Cryptocurrencies Forex Metals Indices Agriculture Oil and gas ETFs	Cryptocurrencies Gold Oil Stock Indices
Yield	Moderate	High
Risk	Low	High
Trading Platforms	MT4, MT5, LIBERTEX	MT4, MT5, LIBERTEX
Specific Information	Allows to invest in Zero Swap or Commission fees	Let’s use a multiplier of 1 to 999 to increase the potential profit.

Libertex has not specifically mentioned Account types on its website, which might be misleading and confusing for traders.

LIBERTEX REVIEW: HOW TO OPEN AN ACCOUNT ON LIBERTEX?

STEP 1. Visit the website, and click on “Start Trading”.

STEP 2. Fill in the form to open the Trading Account. Fill in the information in the form.

STEP 3. Click “Open Account” to proceed.

STEP 4. You will gain immediate access to the Libertex Live Dashboard.

STEP 5. Start Trading.

PROS AND CONS

Libertex is a refined broker, but every broker has both advantages and disadvantages. Here are the pros and cons of Libertex:

PROS	CONS
User Friendly Interface	Libertex is open to EEA and Switzerland but not US/UK traders.
Fast Withdrawal	Libertex lacks some crucial technical indicators for chart analysis.
Regulated Online Broker	Aside from the CFD derivatives, the selection is quite limited.
Responsive Customer Support

TRADING ASSETS

Forex:

Libertex offers a wide range of Forex pairs, including popular ones like USD/JPY and EUR/USD, as well as various exotic pairs. With 24/5 trading, the platform provides ample options for traders, allowing them to capitalise on different market conditions.

Metals:

In addition to Forex, Libertex provides access to precious metals like gold, silver, palladium, platinum, and copper. These metals offer alternatives in volatile markets, with gold serving as a safe haven asset. Trading in metals can begin with a minimum deposit of $10.

Stocks:

Libertex offers a variety of stocks from different sectors, allowing traders to profit in various market conditions.

Crypto:

Libertex provides the opportunity to trade popular cryptocurrencies like Bitcoin, Litecoin, Ethereum, Dash, and more, enabling potential revenue generation in the growing crypto market.

Indices:

Libertex enables traders to access a diverse range of indices from Asia, Europe, North America, South America, and the Middle East. Index trading offers a way to monitor overall market performance, independent of specific company or sector information, allowing for trading opportunities across different market conditions.

Agriculture:

Libertex provides access to agriculture trading with commodities like corn, wheat, soybean, coffee, sugar, and cocoa. These commodities respond to market conditions, supply and demand dynamics, and seasonal crop yields, making it a unique addition to your portfolio and potentially a new source of revenue.

Oil and Gas:

Libertex offers trading opportunities in the volatile oil and gas market. You can trade Brent Crude, Light Sweet Crude, Henry Hub Natural Gas. Various factors, including production, weather, and technological advancements, contribute to oil’s volatility. Starting with just $5, you can participate in these markets.

ETFs:

With Libertex, you can trade a diverse selection of ETF products. ETFs provide exposure to markets that may otherwise be difficult to access, making them a valuable tool for traders. With 10 different ETF products available, you can find one that suits your trading preferences and objectives.

TRADING PLATFORMS

Libertex Mobile App (Android and iPhone):

The Libertex mobile app allows traders to access financial markets instantly on their mobile devices. They can choose to open a demo account with $5000 virtual funds or directly engage in real money trading with instant profit withdrawals. This platform is ideal for traders seeking bigger profits and quicker capital management.

MetaTrader 4:

MetaTrader 4 is designed for traders aiming to maximise their profits. It offers advantages like trading on 43+ currency pairs, access to 100 trading tools, dealer-free trading, compatibility with trading robots, and trailing stop features. Traders can easily upload quotes and apply strategy testers, as well as execute trades on multiple accounts simultaneously.

MetaTrader 5:

MetaTrader 5 is suitable for advanced traders seeking maximum profits. As one of the world’s most popular trading platforms, it offers 100 trading tools, trading on 43+ currency pairs, dealer-free trading, compatibility with trading robots, and trailing stops. Like MT4, it allows simultaneous trading from multiple accounts.

LIBERTEX REVIEW: FEES AND COMMISSION

Libertex applies a commission of 0.011% to the monetary value of a EUR/USD trade. However, this commission is compensated by executing deals at the current mid-market price.

Each of Libertex’s tradable assets carries a different percentage charge. The lowest commission among major currency pairs is for EUR/USD. The highest commission on currency trades is for USD/RUB, charged at 0.41% per transaction, followed by EUR/RUB at 0.386%. For cryptocurrency trades, commissions are the highest, with 1.02% on Litecoin, 1.0% on Bitcoin, and 0.91% on BitcoinCash.

BONUSES OFFERED BY LIBERTEX

Apart from profits, Libertex offers various types of Bonuses as well:

WELCOME BONUS

To qualify for the Welcome Bonus, a minimum deposit of $100 is required, and the maximum bonus amount is $10,000.

You can receive a bonus equivalent to 10% of all trading commissions paid, which will be converted into real money. The converted bonus will be credited to your trading account in instalments. To convert the entire bonus into real money, you need to trade a sufficient volume during the bonus validity period.

LOYALTY PROGRAMME

Libertex offers a loyalty program to its members, providing exclusive services and benefits such as:

• Weekly investment ideas
• Personalised trading terms
• Ability to adjust leverage for open trades
• Dedicated support from VIP managers

CRYPTO MINING

Earn real Bitcoin every 4 hours by utilising the in-app crypto mining software. Enjoy guaranteed security, no initial charges, and the ability to mine directly on your phone.

To Start Bitcoin Mining:

STEP 1: To begin, sign up and create a Libertex trading account.

STEP 2:  After your account is active, locate the virtual miner page.

STEP 3: Click the ‘Mine’ button to start mining your first Bitcoin.

RELIABILITY AND SECURITY

Libertex is regulated by CySec and FSCA, a tier 1 regulator. The Financial Sector Conduct Authority (FSCA) is responsible for enhancing the effectiveness and trustworthiness of financial markets and promoting equitable customer service. It operates as an oversight body for financial institutions, ensuring they comply with regulations and maintain ethical practices.

CUSTOMER SERVICE

Libertex offers extensive customer support services catering to the needs of its clients. They provide various channels for assistance, such as email support, a 24/5 chat service, phone support, and fax services.

Website: www.libertex.org

E-mail: [email protected]

Telephone: +357 22 025 100

Fax: +357 22 025 222

Address: Gladstonos and Karaiskaki Street, 3032, Limassol, office no. 031, Limassol, Cyprus.

PROS	CONS
Customer Support options such as Email, Live Chat, Phone call	Available only 24*5
Available in various languages such as  Greek, English, German, Italian, Spanish, French, Dutch, Polish, Russian
They also provide fax services, lacking in various other brokers

CONCLUSION

Libertex caters to casual traders, experienced professionals and novice traders, offering attractive commission levels and a user-friendly platform for convenient trading. The ability to buy and sell stocks is also appealing.

Although educational tools might be limited, Libertex compensates with a user-friendly interface that facilitates quick trades. We have covered almost everything in this Libertex Review.

FAQs

Is Libertex a reliable platform?

Libertex is classified as having an Average Risk level, earning an overall Trust Score of 73 out of 99. To find out more about the Trust Score, you can delve into further details.

What is the minimum deposit needed to open a real account with Libertex?

To open a real account with Libertex, you only need a minimum deposit of $10.

Can funds be withdrawn from Libertex?

Yes, you can withdraw money from Libertex through the web-based trading platform by going to the ‘Withdraw section’ and selecting ‘New Request’ > ‘Wire Transfer’ > ‘Withdraw’. On the mobile platform, you can do this by selecting ‘Wallet’ > ‘Withdraw Funds’.

Where is Libertex located?

Libertex is based in Limassol, Cyprus.

What is the processing time for withdrawals from Libertex?

If you opt for a wire transfer as your withdrawal method, you can expect your funds to be credited to your bank account within 2-5 business days.