- Low minimum deposit
- Zero spreads and low commission
- Established and trusted broker
Not so great for
- Only one account type
- No live chat support
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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.
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.
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.
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).
Below is a list of tradable instruments you can trade on Libertex:
Navigate the markets and trade with ease through the features available on Libertex online trading platform, such as:
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.
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:
|Lifetime deposits||Less than €250||€1,450 to €1,500||€1,500 to €5,000||Above €5,000||Above €50,000|
|Exclusive perks||Online chat with customer service||Online chat with customer service||Priority withdrawals||Premium support||Premium 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.
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:
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:
To verify your information and fulfil KYC requirements, you’ll need to upload any of the following documents:
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.
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