A Reputable Trading Ally
Libertex, one of the leading online brokers, offers a diverse range of assets, including over 300 CFD underlying assets and 300 real stocks. Regulated by CySEC, it stands out with transparent operations, competitive fees, and versatile platforms, Libertex, MT4, and MT5. Catering to CFD traders and real stocks investors primarily from EEA countries and Switzerland, Libertex ensures a user-friendly experience coupled with stringent regulatory oversight.
Expert Reviewer Verdict
Libertex stands out as an ideal choice for both novice and seasoned traders seeking a robust and user-friendly trading platform. Its unique appeal lies in offering spreads from as low as 0.0 pips and leverage up to 1:999, catering to a wide range of trading strategies and risk appetites.
The platform’s design incorporates special risk management tools, making it especially suitable for those who prioritize security in their trading endeavors. While the variation in features between its web and mobile terminals might be a limitation for some, its comprehensive array of instruments, including CFDs on various asset classes, ensures that it meets the diverse needs of traders.
Overall, Libertex’s blend of accessibility, diverse offerings, and strong regulatory compliance under FSC Mauritius makes it a compelling choice in the crowded field of online brokers.
Pros and Cons
Pros
- 300+ Traded Assets
- Spreads From 0.0 Pips
- Leverage Up to 1:999
- Equipped With Risk Management Tools
Cons
- $10 Inactivity Fee
- Varying Deposit Fees
- Withdrawal Fees Apply
Trust and Safety
Ensuring Security Standards
Libertex prioritizes user trust and security through stringent measures. Regulated by the Cyprus Securities and Exchange Commission (CySEC), the company operates under a well-defined framework, ensuring compliance with industry standards and regulatory guidelines. To prevent fraud, Libertex employs robust protocols, safeguarding client data through industry-leading security measures.
Crucially, Libertex enhances client confidence by segregating clients’ funds, a practice that provides an additional layer of security. This means that clients’ funds are kept separate from the broker’s operational funds, reducing the risk in case of financial instability. This commitment to fund security underscores Libertex’s dedication to protecting its users’ investments, creating a trustworthy environment for traders and investors alike. By adhering to these rigorous security measures and regulatory standards, Libertex establishes itself as a reliable and secure platform for individuals engaging in online trading and investment activities.
|
Regulatory Body |
Status |
|
ASIC |
No |
|
CySEC |
Yes |
|
DFSA |
No |
|
EFSA |
No |
|
FCA |
No |
|
FMA |
No |
|
FSA (SC) |
No |
|
FSCA |
No |
|
FSC |
No |
|
JFSA |
No |
|
MAS |
No |
Tradable Instruments
Diverse Trading With Libertex
Libertex offers a diverse range of trading instruments, catering to a broad spectrum of trader preferences and strategies. The broker provides access to Contracts for Difference (CFDs) on various asset classes, allowing traders to speculate on price movements without owning the underlying assets.
This range includes:
- CFDs on Cryptocurrencies: Traders can engage in the dynamic and rapidly evolving cryptocurrency market.
- Indices: This allows traders to speculate on the performance of major market indices.
- Oil and Gas: Traders can take positions in the ever-important energy sector.
- Metals: Including precious metals, offering opportunities in commodities trading.
- Stocks: Providing access to shares of leading companies.
- Forex: Enabling trading in major, minor, and exotic currency pairs.
- Agriculture: Offering exposure to agricultural commodities.
- ETFs: Exchange-Traded Funds provide diversified exposure across various sectors.
- Options and Bonds: Offering additional avenues for strategic investments.
This extensive range underlines Libertex’s commitment to providing traders with ample opportunities across different markets and asset types.
|
Trading Instrument |
Available |
|
COMMODITIES |
Yes |
|
CURRENCIES |
Yes |
|
CRYPTOCURRENCIES |
Yes |
|
ETF |
Yes |
|
FUTURES |
Yes |
|
INDICES |
Yes |
|
STOCKS |
Yes |
|
BONDS |
Yes |
|
OPTIONS |
Yes |
Account Types
Libertex: Accounts for All
Libertex offers a variety of account types, designed to cater to the diverse needs of its clientele. These account types are tailored to accommodate different levels of trading experience and requirements.
The account types include:
MetaTrader 4 (MT4): This account offers instant and market execution options. It’s a popular choice for traders who prefer a well-known, reliable platform.
MetaTrader 5 (MT5): Similar to MT4, this account provides instant and market execution. MT5 is known for its advanced features and is suitable for traders looking for more complex tools.
Libertex Account: Focused on CFD trading, this account type also allows for portfolio management. It’s designed for traders who prefer Libertex’s proprietary platform.
Each of these account types comes with features like stop loss orders, take profit orders, advanced charts, and leverage up to 1:999. The fees for each underlying asset and trading hours are clearly indicated, ensuring transparency.
In addition to these, Libertex provides a Demo Account. This is particularly useful for beginners who wish to practice trading without financial risk. The Demo Account replicates real market conditions, allowing traders to gain experience before investing real money.
|
Account Type |
Available |
|
DEMO ACCOUNT |
Yes |
|
ISLAMIC ACCOUNT |
No |
|
SEGREGATED ACCOUNT |
Yes |
|
MANAGED ACCOUNT |
No |
|
SUITABLE FOR BEGINNERS |
Yes |
|
SUITABLE FOR PROFESSIONALS |
Yes |
|
US TRADER |
No |
Commission and Fees
Accessible and Transparent CFD Trading
Libertex offers a competitive fee structure, ensuring transparency for its users. There is a minimum initial deposit of €100 required to open an account, making it accessible for various traders and investors. The platform operates on a commission-free model for its Invest Account with market spreads, allowing users to invest in real stocks without incurring additional charges. For CFD trading, the fees vary based on the underlying asset, with detailed information available on Libertex’s official website. Additionally, Libertex applies an overnight fee for holding positions overnight, which can also be found in the platform’s specifications.
Account Minimum
Libertex requires a minimum initial deposit of €100 to open an account, making it relatively affordable for traders and investors to start their journey on the platform.
Trading Fees
The trading fees for Libertex vary based on the specific underlying asset being traded. Detailed information about these fees can be found on the official Libertex website.
Forex CFD Fees
Libertex’s fees for forex trading depend on the respective underlying asset. The platform provides a comprehensive list of fees on its official website, ensuring transparency for traders.
Crypto CFD Fees
Libertex’s fees for crypto trading depend on the respective underlying asset. The platform provides a comprehensive list of fees on its official website, ensuring transparency for traders.
Inactivity Fee
If the Client’s Account is inactive for 180 calendar days (i.e., there is no trading, no open position, no withdrawals or deposits), the Company reserves the right to charge an account inactivity fee of 10 EUR per month (or 10 GBP, 10 CHF, and 50 PLN respectively) in order to maintain the Account open. An inactivity fee is charged only when the account balance is less than 5000 EUR (4500 GBP, 5300 CHF, and 22,500 PLN, respectively).
Deposit Fee
Libertex does not impose any deposit fees.
Withdrawal Fee
SEPA/International bank wire: 0.5% (min 2€ and max 10€), PayPal: free, Credit/debit card: 1€, Skrill: free, Neteller: 1%.
Overnight Fee
Libertex charges varying overnight funding fees based on the underlying asset. Visit their website for details.
Currency Conversion Fee
Libertex charges currency conversion fees, up to 0.3%, with varying rates.
Trading Platforms
Libertex: Diverse Platforms
Libertex provides an array of trading platforms to suit various trader needs. Each platform offers unique features and tools, catering to different trading styles and strategies. Libertex ensures accessibility across devices, offering mobile apps for Android and iOS, web trading platforms for flexible access, and desktop applications for Windows and Mac for a more stable trading environment.
Mobile Trading Apps
Libertex offers mobile trading apps for MetaTrader 4, MetaTrader 5, and its proprietary platform. These apps are available for both Android and iOS devices, providing traders with the flexibility to manage their trades on the go.
Web Trading Apps
For traders preferring web-based platforms, Libertex provides web trading apps for MetaTrader 4, MetaTrader 5, and its proprietary platform. These web apps are accessible and convenient for those who prefer trading from various devices without needing to download software.
Desktop Trading Apps
Desktop trading applications are available for MetaTrader 4 and MetaTrader 5, supporting both Windows and Mac operating systems. These desktop apps are ideal for traders who prefer a more stable and comprehensive trading environment.
|
Trading Platform |
Available |
|
MT4 |
Yes |
|
MT5 |
Yes |
|
CTRADER |
No |
|
PROPRIETARY |
Yes |
|
Desktop and Web Platform |
Available |
|
DESKTOP WINDOWS |
Yes |
|
DESKTOP MAC |
Yes |
|
WEB PLATFORM |
Yes |
|
Mobile Platform |
Available |
|
ANDROID |
Yes |
|
iOS |
Yes |
Unique Features
Libertex: Advanced & User-Friendly
Libertex stands out in the online trading space with several unique features that enhance the trading experience for its users. First and foremost is its one-click trading capability, which streamlines the trading process, allowing for quick and efficient execution of trades. This feature is particularly beneficial for traders who need to act swiftly in fast-moving markets.
Additionally, Libertex offers a range of technical and analytical tools. These tools are crucial for traders who rely on technical analysis to make informed decisions. They enable users to perform detailed market analyses and develop sophisticated trading strategies.
Furthermore, Libertex provides a free demo account. This is an invaluable feature for beginners, as it allows them to practice trading in a risk-free environment before committing real funds. Experienced traders can also benefit from this feature by testing new strategies without any financial risk.
These features, combined, make Libertex a versatile platform suitable for traders of all experience levels, from beginners to professionals.
Research and Education
Libertex: Learn and Grow
Libertex places a strong emphasis on research and education, offering a comprehensive suite of resources to enhance its users’ trading knowledge and skills. The broker provides an extensive education section on its website, libertex.org/education, which is a valuable resource for both novice and experienced traders. This section covers a wide range of topics, from basic trading concepts to more advanced strategies and analyses, making it a versatile learning tool.
In addition to educational content, Libertex offers an economic calendar which is essential for traders who need to stay updated on important financial events and indicators that could impact the markets. The broker also maintains a regularly updated blog and provides current financial news. These resources keep traders informed about the latest market trends and news, helping them make more informed trading decisions.
Overall, Libertex’s commitment to providing educational and research tools reflects its dedication to supporting its clients’ continuous learning and development in the trading arena.
Customer Support
Libertex: Reliable Support
Libertex offers robust customer support, ensuring that its clients have access to assistance whenever they need it. The broker provides a variety of channels through which traders can reach out for support, including live chat, phone, email, and a feedback form.
This multichannel approach caters to different preferences and ensures that traders can receive help in the manner most convenient for them. Additionally, Libertex has set up a comprehensive Help Center, which serves as a valuable resource for clients seeking quick answers to common queries. The customer service team is available Monday to Friday from 11 am to 3 am GMT and on Sundays from 2 pm to 10 pm GMT.
This wide range of service hours ensures that traders across various time zones can receive timely support. Such dedicated and accessible customer service underscores Libertex’s commitment to providing a user-friendly trading experience.
Account Opening
Streamlined Account Setup
Opening an account with Libertex is a straightforward and efficient process.
Registration: Initially, prospective clients start by registering on the Libertex platform. This step typically involves providing basic personal information and setting up login credentials.
Verification: Following registration, the verification process begins. This is a crucial step to ensure the security of the account and compliance with regulatory standards. Clients may be required to verify their identity and residential address.
Document Upload: As part of the verification process, clients are asked to upload relevant documents. These documents usually include a government-issued ID and a utility bill or bank statement for address verification.
This structured process ensures that Libertex maintains high standards of security and regulatory compliance, making it a trusted platform for traders globally.
Deposit and Withdrawals
Efficient Financial Transactions
Libertex ensures a smooth process for both deposits and withdrawals.
Deposits: For funding accounts, Libertex accepts various methods including bank transfers, bank cards, Neteller, Skrill, and other options. The broker provides detailed information on transaction fees, processing times, and limits for each deposit method on their support page. This variety of options offers flexibility and convenience to suit different preferences and needs of traders.
Withdrawals: When it comes to withdrawing funds, clients can use methods like bank transfer and Skrill, among others. Similar to deposits, withdrawal methods at Libertex come with varying transaction fees, processing times, and limits, with comprehensive details available on their withdrawal information page.
These streamlined deposit and withdrawal processes reflect Libertex’s commitment to providing a hassle-free trading experience for its clients.
Final Thoughts
In conclusion, Libertex emerges as a robust and versatile online broker, catering to a wide range of traders. Its user-friendly platform, coupled with the provision of a diverse range of trading instruments including CFDs, cryptocurrencies, and forex, positions it as a competitive player in the market.
The broker’s commitment to security, demonstrated through rigorous KYC measures and client fund segregation, instills confidence among its users. The transparent fee structure, coupled with various account types and the availability of both demo and segregated accounts, makes it an attractive option for both beginners and professional traders. Moreover, the comprehensive educational resources and responsive customer support further enhance the trading experience.
Overall, Libertex’s combination of accessibility, variety, and security makes it a commendable choice for anyone looking to engage in the world of online trading.
Contact Info
Silicon Avenue, 40 Cybercity The Cyberati Lounge, Ground Floor, The Catalyst, 72201 Ebene, Mauritius
FAQs
-
Question: What is the minimum initial deposit required to open an account with Libertex?
Answer: The minimum initial deposit for a Libertex account is €100, making it accessible to various traders and investors. -
Question: Does Libertex offer commission-free trading for real stocks?
Answer: Yes, Libertex provides commission-free investing in real stocks through its Invest Account with market spreads apply, allowing investors to invest in stocks without incurring additional charges. -
Question: Is Libertex available for traders from the United States?
Answer: No, Libertex does not accept traders from the United States due to regulatory constraints. The company is licensed to offer services to EEA countries (except Belgium) and Switzerland. -
Question: What are the available trading platforms offered by Libertex?
Answer: Libertex offers a variety of trading platforms, including Libertex, MT4, and MT5. These platforms cater to different trading preferences, ensuring a versatile trading experience for users.
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