Libertex review

Important: This broker offers CFDs which are a leveraged product and can result in the loss of your entire capital. Ensure you fully understand the risks before trading.

Libertex as an online broker to trade CFDs

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Libertex is a powerful online trading platform and low-cost brokerage that offers access to more than 250 instruments. In this review, we’ll discuss how Libertex works in detail so you can decide if this brokerage is suitable for you.

About Libertex

Since its founding in 1997, Libertex Group has built a strong international presence, serving over 2.2 million clients in over 120 countries and forged a reputation as an industry leader in online trading. In the last two decades of operation, Libertex has received more than 40 prestigious awards from financial magazines and institutions for its service and innovation.

Why trade with Libertex

One of the main reasons to trade with Liberex is that this brokerage offers zero spreads and fixed commission on all its tradable assets, making it a great choice for those looking for no-frills trading at minimal costs.

As for its range of financial instruments, Libertex provides access to 250+ asset classes, including forex, cryptocurrencies, stocks, ETFs and more from the highly popular MetaTrader 4, or its advanced proprietary trading platform. It also has a mobile app, which allows users to trade 24/7 on the financial market – directly from their smartphone.

Libertex’s website, trading platform and support are also available in various languages, such as English, Spanish, German, Portuguese, Russian, Thai, and Chinese.

Is Libertex trustworthy?

Libertex’s trading services are available to customers from over 110 jurisdictions, including major European markets like Austria, Spain, Portugal, Sweden, Hungary, France, and Germany. To ensure its smooth operation and maintain its credibility, the Libertex Group fully complies with all legalities of the territories it operates in.

All clients investments are also held in segregated trust accounts, separated from the company funds. This ensures that your funds will be safe from any fraud or mismanagement. As for licensing, Libertex operates under Indication Investments Ltd, which is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC).

What can I trade on Libertex?

Below is a list of tradable instruments you can trade on Libertex:

• Forex. Libertex offers a wide range of major, minor, crosses and exotic currency pairs for trading.
• Stocks. Trade 50+ stock CFDs from a variety of industries, as well as popular blue chips such as Apple, Google, Nike and more.
• Metals. Trade precious metals such as gold, silver, platinum, palladium and copper.
• Cryptocurrencies. Libertex offers a selection of 40+ popular cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Dash and Ripple.
• Indices. Access to a variety of the world’s top-performing indices, including the FTSE 100, S&P 500, Dow Jones, NASDAQ100 and more.
• Agriculture. Old-school CFDs for agricultural commodities such as corn, wheat, soybean, coffee, sugar, and cocoa.
• Oil and gas. Brent crude oil, heating oil, light sweet crude oil, natural gas, and WTI crude oil.
• Exchange-Traded Funds. ETFs offered to Libertex users include iShares Core U.S. Aggregate Bond ETF, iShares MSCI Germany ETF, iShares MSCI United Kingdom ETF and others.

Tools and features

Navigate the markets and trade with ease through the features available on Libertex online trading platform, such as:

• MetaTrader 4

  One of the trading platforms offered by Libertex is MetaTrader 4 (MT4), the world’s leading platform for forex trading. It’s widely recognised for its user-friendliness and advanced built-in trading tools, such as:

  • Real-time price quotes
  • Trading bots compatibility
  • Copy-trading features
  • Over 30+ built-in technical indicators

  You may download MT4 for free on the official website of Libertex.

• Libertex Web Platform

  The Libertex Web Platform is the broker’s very own proprietary trading platform, which is equipped with features such as:

  • Trading tools for multiple asset classes (including forex, cryptos and CFDs)
  • Intuitive user interface
  • Real-time news and market forecast feed
  • Various chart types and timeframes
  • Risk management tools
  • Multiple technical indicators (categorised by volatility, trend and oscillator types)

• Educational resources

  Libertex provides a host of educational resources covering a wide spectrum of trading topics, such as:

  • Technical analysis
  • Fundamental analysis
  • Price action
  • Money management
  • Trading discipline
  • Trading psychology and more

What are Libertex spreads and fees?

Libertex only charges a nominal commission fee when you place a trade. Besides this, there’ll be no other fees to look out for. This means that there’ll be no spreads, registration charge, monthly subscription fees, as well as deposit/withdrawal fees.

• Commissions. Varies from asset to asset, and from trade to trade. For example, commissions for stocks sit between 0.1% and 0.2%, and between 0.47% to 2.5% for cryptocurrencies. Also, commissions may vary depending on which trading platform you’re trading on (MT4 or the Libertex proprietary trading platform).
• Inactivity fee. If your account is inactive for 120 calendar days, you’ll incur a €10 penalty per month.

Overall, the cost of trading on Libertex is dependant on the status level of your account. Libertex offers five account tiers based on the lifetime deposits made to the account – the higher your account status, the more discount will be granted on your commission.

Here’s a quick overview of the various account status:

Do note that the status levels will be evaluated and granted on a monthly basis and that Libertex retains the right not to renew its client’s status levels at its discretion. Also, bear in mind that not all tradable assets are eligible for discount.

What are the customer support options available?

How do I open an account with Libertex?

You can apply online for a Libertex trading account if you’re at least 18 years old or of legal age, whichever is greater. The registration process is simple and may be completed in under 5 minutes.

Here’s a step-by-step signup process:

1. Open an account. Click on the ‘Register’ button on Libertex’s website. Provide your email address and create a password to create an account
2. Log in. Click on the confirmation email sent to your inbox. Log into Libertex trading platform and you’ll gain access to a free demo account.
3. Verify your details. To satisfy AML/KYC stipulations, you’ll be required to verify your identity by uploading a copy of your passport photo page or your driver’s license.
4. Fund your account. To start trading live (not demo), you’ll need to fund your account with at least €100.
5. Start trading. Once you’ve made the minimum deposit, you’ll be able to start trading any of the assets available on Libertex.

Required documents

To verify your information and fulfil KYC requirements, you’ll need to upload any of the following documents:

• Identity verification. Valid passport, government-issued ID or driver license.
• Address verification. Utility/telco bill, bank account/credit card statement, income tax bill, government-issued ID or driver license.

Verdict

With no spreads on all accounts and instruments, Libertex has certainly established itself as one of the most affordable trading platforms. It’s also one of the only online brokers to charge fixed commissions instead of variable spreads.

Another winning factor is that Libertex offers access to over 250 tradable assets, from currency pairs to ETFs, plus dozens of commodities, cryptocurrencies, and stock indices. However, do bear in mind that Libertex only offers one account type for retail investors, so those looking for higher leverage trading will need to qualify as professional clients.

Before making a final decision, make sure to compare other trading platforms to find the best fit for your trading needs.

Frequently asked questions

• How can I make a withdrawal from my Libertex account?

  Some of the withdrawal options available on Libertex are:

  • Credit and debit cards
  • Skrill
  • Neteller
  • SEPA or international bank transfer

• What is the minimum deposit for Libertex?

  The minimum deposit at Libertex is €100, but it only applies to the initial account funding. Subsequent transactions only require a minimum of just €10.

• Does Libertex offer any demo accounts?

  Yes, Libertex offers demo accounts loaded with €50,000 for its users to practice trading on financial markets without any risk.