Libertex review

Benefit from advanced tools and zero-spread trading with this low-cost online broker.

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.

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Disclaimer: General information only. All forms of investments (and in particular, trading CFDs, commodities and forex) carry significant risk, including the risk of losing more than the invested amounts, market volatility and liquidity risks. Past performance is no guarantee of future results. Such activities are not suitable for most investors.

Quick take

Good for
  • Low minimum deposit
  • Zero spreads and low commission
  • Established and trusted broker
Not so great for
  • Only one account type
  • No live chat support

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:

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:

GoldGold PlusPlatinumVIPVIP+
Lifetime depositsLess than €250€1,450 to €1,500€1,500 to €5,000Above €5,000Above €50,000
Commission discount3%4%20%30%50%
Exclusive perksOnline chat with customer serviceOnline chat with customer servicePriority withdrawalsPremium supportPremium support

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?

Libertex offers support in multiple languages, including English, Italian, Dutch, French, German, Portuguese and Spanish. If you need to get in contact with Libertex, you may do so through the following methods:

  • General hotline: +357 22 025 100
  • Email: help@libertex.com
  • Social media: Facebook and Twitter

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

Important information: Powered by finder.com. This information is general in nature and is no substitute for professional advice. It does not take into account your personal situation. This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for most investors. You do not own or have any interest in the underlying asset. Capital is at risk, including the risk of losing more than the amount originally put in, market volatility and liquidity risks. Past performance is no guarantee of future results. Tax on profits may apply. Consider your own circumstances, including whether you can afford to take the high risk of losing your money and possess the relevant experience and knowledge. We recommend that you obtain independent advice from a suitably licensed financial advisor before making any trades.

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