Advertising DisclosureWe're committed to the highest standards of editorial integrity. Still, it's crucial to recognize that some products we mention come from our partners.

Here's an insight into how we make money. While we strive to be comprehensive, the compensation we receive can influence the products, companies, or services we showcase and review. Not all available options may be featured on this page.
Libertex logo

Libertex Review 2024

By:
Plamen Stoyanov
Updated: Nov 26, 2023
Overall Rating
4.1
  • Trust
    4
  • Fees
    4.3
  • Platforms and Tools
    4.2
  • Tradable Instruments
    4.6
  • Customer Support
    3.2
  • Research
    4.1
  • Deposit and Withdrawal
    5
  • Account Types and Terms
    4.5
  • Education
    2.3
  • How Did We Test and Rate This Broker?
    When trading forex and CFDs, understanding a broker's strengths and weaknesses is essential. We developed a proprietary rating system, which is the result of extensive research and hands-on evaluation by our expert reviewers. With a rigorous approach, our reviewers manually assess each broker, investing more than 50 hours per review, checking and testing the broker while analyzing over 250 variables to simplify the broker selection process for you. The categories we evaluate include trustworthiness, trading platforms, customer support, regulatory oversight, spreads, fees, the variety of instruments offered, education, and research tools. This unique rating system is specifically developed to ensure that the assessment is based on firsthand knowledge and experience. By dedicating a significant amount of time to each review, our team of experts can provide in-depth insights and help you make well-informed decisions when choosing the broker that best suits your trading goals.
    Chart

    We performed our tests on a Libertex account using the Libertex desktop platform and its mobile app version. The account was opened with Indication Investments Ltd, a Libertex Group member.

    Data was collected between the 26th and 27th of September 2023.

    The Big Picture

    Libertex Europe is a CFD and Stock broker that offers leveraged products and investing opportunities to retail and experienced traders. The entity, founded in 2012, is a member of the Libertex Group and headquartered in Cyprus. Libertex offers over 300 CFD underlying assets, including FX pairs, metals, shares, ETFs, options, and more.

    The broker is regulated and supervised by the Cyprus Securities and Exchange Commission (CySEC). Additionally, Libertex is the Official Online Trading Partner of the German heavyweight champions FC Bayern. It has a very versatile pricing mechanism, which I consider to be Libertex’s greatest advantage. After I measured its spreads, commissions, swaps, and other trading fees, I determined that Libertex’s costs are among the lowest in the industry.

    The broker also has a wide range of account types such as CFD account, Invest Account, and a Demo Account, and trading platforms, including its flagship Libertex platform, MetaTrader 4 and 5. I found the combination of tight costs and an above- average number of typically volatile underlying assets, such as cryptocurrencies, indices, and shares, particularly suitable for high-frequency trading.

    Swing and day trading strategies can also be utilized thanks to the availability of other underlying assets, such as option CFDs. Libertex is also suitable for investors wanting to invest in real stocks and earn dividends.

    I am happy to see that since the last time I reviewed Libertex, the broker has increased its number of underlying assets and made its trading fees even more competitive. However, there’s room for improvement in several other areas. Namely, there is still a noticeable shortage of educational materials. Libertex also has quality news content, though I would have expected more diversity.

    On the whole, all traders can benefit from Libertex’s extremely low fees and versatile platforms. However, if you’re a beginner hungry for knowledge or a seasoned trader looking for in-depth market analysis, you might find it lacking.

    Libertex Pros and Cons

    Pros Cons
    • Highly transparent
    • Very competitive fees
    • Choice of trading platforms
    • Diverse instruments
    • Poor educational content

    Libertex Key Takeaways for 2023

    • Libertex is authorized and regulated by CySEC in Cyprus, which is a top-tier regulator. I probed its legal documents and found them quite transparent.
    • The broker charges very low spreads, swaps, and commissions. I found its fees suitable for executing both high-frequency and high-volume trading strategies.
    • Traders can choose from a wide selection of over 300 underlying assets from different asset classes.
    • Libertex is using its in-house platform and also incorporates the renowned MetaTrader 4 & 5. These platforms are versatile enough to accommodate different trading styles, whether it’s intraday, or swing and day trading.
    • However, the broker does not provide VPS hosting or incorporate other third-party tools.
    • Its customer support is generally reliable and operational during office hours. Live chat is currently unavailable, though, but it’s expected to be back up shortly.
    • Libertex has a handful of educational materials. Its news content is more diverse, though it, too, has a rather limited scope.

    Who is Libertex For?

    Libertex has a substantial collection of highly volatile CFD assets like cryptocurrencies, indices, shares, and ETFs. High-volume/high-frequency intraday traders can take advantage of this, especially since some of these instruments come with below- average spreads and can be traded without commissions. Accordingly, longer-term traders can use the available option CFDs to implement day and position trading strategies.

    What Sets Libertex Apart From Other Brokers?

    Most brokers typically offer two kinds of accounts: STP accounts with zero commissions and floating spreads, usually starting from 1.0 pips, or ECN accounts with raw spreads starting from 0.3 pips and round-turn commissions of €7 or more per traded lot.

    In comparison, Libertex affords commission-free trading on some asset classes, whereas its fixed commissions, where applicable, fall below the industry average. The same applies to its floating spreads. I thus concluded that Libertex stands out against the competition with its extremely versatile and competitive pricing mechanism.

     

    Libertex Main Features

    ☑️ RegulationsCySEC (Cyprus)
    🗺 Supported Languages
    English, French, Dutch, Portuguese, Polish, Italian, Spanish, German
    💰 ProductsOptions, Currencies, Stocks, ETFs, Crypto, Indices, Commodities
    💵 Min Deposit$100
    💹 Max Leverage1:30 (CySEC )
    🖥 Trading Desk TypeNo dealing desk, ECN, STP
    📊 Trading PlatformsMT5, Proprietary, MT4
    💳 Deposit OptionsSofort, Wire Transfer, Neteller, iDeal, Skrill, Debit Card, Credit Card, Rapid Transfer, Giropay, PayPal, Trustly, Paysafe, Help2Pay
    💳 Withdrawal OptionsWire Transfer, Neteller, Skrill, Debit Card, Credit Card, PayPal
    🤴 Demo AccountYes
    🗓 Foundation Year2012
    🌎 Headquarters CountryCyprus
    Risk DisclosureCFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

    Libertex Full Review

    Trust

    4
    How Did We Test the Broker's Trustworthiness?
    Assessing a broker's trustworthiness with your funds is vital. To help you make the right decision, we carefully checked each broker's regulatory license and examined how well they protect traders. Moreover, we looked at the broker's stability by studying their business history, corporate structure, and industry experience. Finally, we thoroughly reviewed all of the broker's legal documentation, including terms, conditions, and fees, and evaluated their transparency based on our analysis. Our hands-on approach ensures that even novice traders have the knowledge they need to make smart decisions.
    trust chart

    Libertex Europe is a tightly regulated and very transparent broker. It operates on a ‘best execution’ principle and adheres to all essential MiFID II requirements.

    Libertex Regulations

    In our reviews, we examine the licenses and regulations of each entity operated by a broker. This allows us to compare their different levels of protection. We rank licenses by various regulatory bodies on a three-tier system, where Tier-1 licensing indicates the highest level of regulation.

    This is what I discovered about Libertex:

    • Indication Investments Ltd is authorized and regulated in Cyprus by the Cyprus Securities and Exchange Commission (CySEC) with CIF License number 164/12. We rate CySEC as a Tier-1 regulator.
    Indication Investments Ltd’s licensing info on cysec.gov.cy

    We have summarized the most essential aspects of Libertex in terms of regulation in the table below:

    Entity Features Indication Investments Ltd
    Country/Region Cyprus, Limassol
    Regulation CySEC
    Tier 1
    Segregated Funds Yes
    Negative Balance Protection Yes
    Compensation Scheme Yes
    Maximum Leverage Up to 1:30

    Why is it Important to Know Where Your Broker’s Subsidiaries are Regulated?

    Brokers operate multiple entities because it allows them to serve clients worldwide. However, licenses obtained by regulators in different jurisdictions do not always entail the same degree of protection. Some regulators mandate compliance with the strictest financial frameworks, whereas others are less rigid. That is why traders need to familiarize themselves with mechanisms ensured by the entity they want to open an account with beforehand.

    Here is what you need to be looking for in a broker in terms of regulatory mechanisms:

    • Segregation of client funds. Keeping client funds in segregated bank accounts from the ones used for the broker’s corporate capital negates the risk of accounting errors. Libertex ensures the segregation of client funds.
    • Negative balance protection. This mechanism removes the risk of trading losses exceeding the account balance. In other words, the losses you incur from trading are capped at the amount you have put in your trading account. This is especially important in volatile markets. Libertex ensures negative balance protection.
    • Compensation scheme. Libertex is a member of the Investor Compensation Fund (“ICF”), a compensation scheme that protects retail traders against the broker’s liabilities in the unlikely event that the company becomes insolvent.
    • Maximum leverage. Capping the maximum leverage restricts the extent of market exposure to retail traders. The higher the leverage, the higher the potential profits and potential losses. Retail clients with Libertex can opt for a maximum leverage of up to 1:30.

    Is Libertex Safe to Trade With?

    Having operated for over a decade, Libertex Europe has become one of the well- established brands in the European trading industry. It is also a member of the Libertex Group with over 26 years of experience in global trading.

    Libertex also complies with all essential requirements, such as ensuring segregation of client funds and negative balance protection, and it also has issued a ‘best execution policy.’ All of this means that Libertex is indeed a reputable broker.

    Stability and Transparency

    In our tests for the Trust category, we also cover factors relating to stability and transparency. Here, we focus on how long the broker has been in business, how big the company is, and how transparent it is in terms of readily available information.

    Libertex is, as a whole, very transparent. It has an exhaustive list of key trading and investing documents, including its client agreement, best execution policy, client categorization, and more. The broker publishes yearly execution statements where traders can inform themselves about Libertex’s execution standards.

    Libertex’s risk warning at the top of the website

    I also appreciated that Libertex displays its risk banner at the top of its website. While less reputable brokers usually bury such potentially discouraging information — like the fact that north of 75% of traders end up losing money — at the bottom of their websites, Libertex is not afraid to put it somewhere clearly visible.

    In summary, my research indicates that Libertex can be regarded as having a good level of trust and stability due to the following factors:

    • Regulated and authorized by a top-tier body
    • Adhering to all essential regulatory requirements
    • Very transparent about trading risks

    Fees

    4.3
    How Did We Test the Broker's Fees and Commissions?
    Broker commissions and fees can be challenging to understand. To simplify this for you, we carefully examined all the broker's fee-related documentation and presented it in a clear, easy-to-understand format. Furthermore, we conducted hands-on tests on spreads and commissions for the most common instruments during both London and New York trading sessions. We then compared these real-time test results to the market benchmark we've established through our extensive experience evaluating the industry.
    fees chart

    Libertex offers spreads that are generally below the industry average across instruments from most asset classes. It also charges a low round-turn commission on select asset classes, although swap rates can vary. Additionally, the broker does not charge deposits and offers some opportunities for charge-free withdrawals. Libertex also maintains a low inactivity fee.

    Libertex’s Trading Fees

    Information about the costs and fees can be found on the Company’s website at ‘Specification’ page.

    Libertex’s Spreads

    I tested Libertex’s spreads during the most actively traded times – the London open at 8:00 a.m. GMT and just after the U.S. open at 2:45 p.m. GMT. The test was conducted on the 27th of September 2023. The results are shown in the table below:

    Instrument Live Spread AM Live Spread PM
    EURUSD 0.1 pips 0.0 pips
    GBPJPY 0.9 pips 0.8 pips
    Gold (XAUUSD) 9 pips 13 pips
    Crude Oil 0.05 pips 0.05 pips
    Apple NA 0.10 points
    Tesla NA 0.40 points
    Dow Jones 30 3.0 basis points 1.0 basis points
    Germany 40 0.8 basis points 0.8 basis points
    Bitcoin €15.23 €15.29

    When broken down by asset class and compared to industry averages, Libertex charges low spreads on CFDs with underlying assets such as FX pairs, commodities, share, indices, and cryptocurrencies.

    Libertex’s Swap Rates

    A swap fee is a trader’s cost for holding an open position overnight. Swap long refers to the charge deductible or credit receivable for holding a buy position open overnight. In turn, swap short relates to the charges/credits deductible or receivable for holding a selling position open overnight.

    The values listed below are for one full contract (100,000 units) of the base currency.

    Instrument Swap Long Swap Short
    EURUSD Charge of €8.24 0
    GBPJPY Credit of €13.27 Charge of €26.48

    The recorded swap charges are average-to-high compared to the broader industry.

    Libertex’s Commissions

    Libertex charges a 6€ round-turn commission per traded lot (100,000 units) on MetaTrader 4&5. This commission rate meets the industry average. When trading on the Libertex platform, there is a 0.005% commission per traded volume. I calculated that this fixed commission amounts to about 5€ per traded lot, which is lower than the industry average.

    Commissions don’t apply when you’re trading CFDs on energies, indices or select shares.

    Libertex’s Non-Trading Fees

    Libertex does not charge deposits. Additionally, there is a wide range of withdrawal options, some of which are also fee-free. The broker charges 10€ monthly on inactive accounts with a balance under 5,000 EUR. The inactivity fee is applied after 180 calendar days of no account activity. It is charged each month until activity resumes or the account balance drops to zero.

    Are Libertex’s Fees Competitive?

    Yes, Libertex’s combination of low floating spreads on instruments across most asset types and low-to-average commissions, when applicable, is extremely favorable. It is suitable for high-frequency/high-volume trading in the short-term and longer-term day and position trading.

    Accounts Comparison

    I have compiled the table below to help you better understand the difference between trading on MetaTrader 4&5 or the Libertex platform in terms of trading costs. It illustrates the spreads and commissions I have recorded on the EUR/USD pair on the three platforms. The table shows how much you will have to pay to trade 1 full lot (100,000 units) on the EUR/USD when the pip value of the pair is approximately EUR 9.39.

    To calculate the cost of such a full-sized trade, I used this formula:

    Spread x pip value+commission

    Account Type Spread Commission Net Cost*
    Libertex 0.1 pips 5€ 5.93€
    MT4 – Market 0.1 pips 6€ 6.93€
    MT5 – Market 0.1 pips 6€ 6.93€

    *These numbers are illustrative and subject to change

    My tests indicate that to trade a full-sized EURUSD position currently costs between 6-7€. This is comparatively lower than the €10 industry average.

    Platforms and Tools

    4.2
    How Did We Test the Broker's Trading Platforms?
    We understand that platforms play a crucial role in your trading experience. That's why we spent many hours testing the broker's web, desktop, and mobile trading platforms to gain a real understanding of their usability, functionality, and overall performance. From experimenting with different order types to testing execution speeds, charting, and other features, we thoroughly examined every aspect of these platforms based on our trading expertise, helping you make an informed choice.
    platforms chart

    The Libertex platform’s greatest advantage is the ease of conducting technical analysis through its versatile charts. However, the platform does have some missing essential features. Libertex also offers the popular MetaTrader 4 & 5 platforms, which are beginner-friendly and well-suited for experienced traders. Additionally, the broker provides a user-friendly mobile app designed for both trading and investing.

    The Libertex platform has over 100 analytical tools, but it lacks industry-standard features like one-click trading and an alert setting option. However, it excels in other areas, namely, in the information presented to traders. As a high-frequency trader, I found this useful for trading volatile markets.

    General information, a news screener, and technical indicators

    As shown above, the Libertex platform displays the most important trading information, such as the latest news and technical indicators data, for each trading underlying asset. This can be used by traders to assess the underlying market bias and the market’s next likely direction.

    Libertex does not offer VPS hosting on MetaTrader 4 & 5. MetaTrader 5 is also more suitable for implementing complex trading strategies like scalping because it affords one-click trading. It also has a wider selection of timeframes, thus allowing traders a more intricate outlook into price action behavior.

    Libertex has also developed a highly practical mobile app, which can be used to trade CFDs or invest in real stocks and generate dividends from them. The app affords easy access to global capital markets.

    Libertex’s Web Trader Platform

    Libertex’s web trader platform

    General Ease of Use

    The good thing about the Libertex platform is that it does not have a complicated learning curve. Its layout is pretty standard. There is a watch list of selected instruments on the left side of the screen, a charts window in the middle, and account info and settings on the right side.

    The platform is very user-friendly making it easy to navigate. For instance, when you open the option CFDs list, you can quite easily discern the put/call prices, the daily percentage change, market conviction, and price change (again in percentage) over the month and year.

    Selection of put and call options

    Charts

    I have always considered a platform’s chart screen its most important asset. Successful technical analysis is predicated on examining even minute price action behavior changes with ease. That is why I attribute such great importance to a platform’s chart window and assess how clearly price action is illustrated.

    It is vitally important for a chart to be as clear and informative as possible. Additionally, a good chart should be supplemented by a broad range of technical indicators, drawing tools, and other such instruments to accommodate technical analysis.

    Libertex’s chart screen

    My overall impression of Libertex’s chart screen is prevailingly positive. It’s easy to navigate, making it quite suitable for conducting probing technical analysis.

    I have broken down the available analytical tools and chart configurations below:

    • 43 technical indicators. The platform supports trend-based, volume-based indicators, oscillators, Bill Williams indicators, and more. These can be applied to study price action behavior and determine the underlying market sentiment. In general, technical indicators are used to gauge where the market is likely to head next.
    • 50+ drawing tools. Drawing tools, such as Fibonacci retracement levels and Elliott waves, are used to study repeatable price patterns. Additionally, they can be applied to determine key support and resistance levels and potential breakout or breakdown levels. The Libertex platform also supports trend lines, channels, pitchforks, and more.
    • 10 timeframes. The Libertex platform allows multi-timeframe analysis of price action behavior. The greater the number of timeframes, the more intricate examinations that can be carried out across the short-term and long-term. One minor drawback is that the lowest timeframe has a 1-minute period. The lack of lower timeframes makes it more difficult to implement scalping trading strategies.
    • 6 chart types. Price action can be represented as a line, bars, area, or several types of candlesticks. This diversity makes it possible to examine potential trading opportunities from different angles.

    Orders

    Placing an order

    I have broken down the available order types on the Libertex Web Trader below:

    • Market orders. Market orders are used for immediate entry at the best possible price. If triggered, they guarantee volume filling, though there could be a discrepancy between the requested price and the price where the order actually gets filled.
    • Limit orders. A limit order will not be filled if the price action does not reach the pre-determined execution price.
    • Stop orders. They are used to support open positions by limiting the maximum loss that can be incurred if the market turns in the opposite direction.

    My Key Takeaways After Testing Libertex on the Libertex Web Platform

    I gave the Libertex platform a trial run, executing several intraday positions and one swing trade. I was left with a positive impression of the platform’s interface despite its lack of some key features like one-click trading. In fact, Libertex’s easy-to-use design was the first thing that stood out to me after I opened the platform.

    As I have already pointed out, as a high-frequency trader, I have always appreciated versatile platforms that offer the freedom I need to examine even minor changes in price action. In my estimation, the Libertex platform is most suited for beginner chart artists who trade on intraday setups, such as breakouts and breakdowns from important support and resistance levels. The platform is also a fit for those into longer-term swing, day, and position trading.

    Libertex’s Mobile App

    A watchlist of selected instruments, a chart window, market info

    Libertex’s mobile app affords traders quick and easy access to the market on the go. It is very useful when you have to check the performance of your running positions and, if necessary, make adjustments. The market is volatile and ever-changing, so staying on top of the latest developments with the intuitive and user-friendly Libertex mobile app is always a good idea. It can be used for trading CFDs and for investing in real stocks.

    You can use the app to place market, limit, and stop orders, as well as to adjust the exposure of your open trades. The app is highly customizable, though it lacks any technical indicators or drawing tools. This, however, is not a major issue since conducting technical analysis on small-resolution devices is ill-advised in the first place.

    My professional advice is to carry out your technical analyses on wide-screen desktop or web trader platforms.

    My Key Takeaways After Testing Libertex on the Libertex Mobile App

    As a trader who has never particularly enjoyed using mobile apps because of their limited applicability, I have to say that Libertex’s own application is as good as mobile apps get. Despite the inherent problem of presenting complex and bulky information on a small-screened device, the app does a great job of retaining the flexibility and practicality of its desktop version.

    I usually refrain from over-relying on mobile apps because they do not accommodate complex technical analysis. However, Libertex’s app still manages to deliver a comprehensive understanding of price action behavior. I used the app for several days and found it very convenient.

    Tradable Instruments

    4.6
    How Did We Test the Broker's Tradable Instruments?
    For this section, we examined the broker's market offering, assessing the variety and depth of instruments and asset classes available for trading. Through our proprietary database, we then compared the results with other brokers. This comprehensive analysis allows you to determine if the broker offers the specific instruments and trading options you're looking for.
    tradable_instruments chart

    Libertex provides access to over 300 underlying assets, including CFDs on FX pairs, commodities, shares, indices, cryptocurrencies, ETFs, and options. The broker also offers the possibility to invest in more than a hundred stocks.

    What I consider very useful is that some of the available instruments are denominated in different currencies. For instance, you can trade CFD pairs such as XAUUSD (Gold vs. US Dollar) or XAUEUR (Gold vs. Euro). Traders can avoid paying conversion fees when trading with instruments denominated in their account currency.

    What Are CFDs?

    Contracts for difference (CFDs) are derivatives used to speculate on the price of the underlying asset without physical delivery. For example, a long position on gold would generate profit as the price rises or incur a loss as it falls, all without the need to purchase actual gold bars. One of the biggest advantages of trading CFDs is that traders can get in and out of the market almost instantaneously, thereby catching even minute changes in the price of the derivative.

    What CFDs Can You Trade with Libertex?

    I have broken down the available underlying assets by asset class:

    • 49 Currency Pairs
      • Majors (7), Crosses (23), Exotic (19)
    • 18 Commodities
      • Metals (6), Energy (6), Agriculture (6)
    • 121 Shares
      • Retail (31), Finance (17), Healthcare (13), Tech (28), Other (32)
    • 32 Indices
      • North America (11), Europe (14), Asia (4), Other (3)
    • 79 Cryptocurrencies
      • Major and Minor
    • 10 ETFs
      • North America, Europe, Asia
    • 18 Options
      • Commodities (3), Share CFDs (10), Indices (3), Cryptocurrencies (2)

    Compared to the broader industry, Libertex has an average amount of CFDs on FX pairs and shares; and a high number of CFDs on commodities, indices, and cryptocurrencies. I am also happy to see that since my last year’s review of the broker, Libertex has more than doubled the amount of CFD options on display. Traders are thus granted access to multiple markets with varying levels of underlying volatility.

    Forex Commodities
    EURUSD | GBPJPY | EURCHF | CADJPY | USDTRY | GBPSEK Crude Oil | Gold | Silver | Palladium | Wheat | Corn | Sugar | Coffee
    Share CFDs Indices
    Apple | Tesla | Facebook | Boeing | Ryanair | Spotify | McDonald’s | Nike Dow Jones 30 | Russell 200 | UK 100 | Germany 40 | France 40 | Japan 225
    ETFs Option CFDs
    iShares MSCI Germany ETF | iShares China Large-Cap ETF | SPDR S&P 500 ETF Trust   Gold | Bitcoin | DAX 40 | Nasdaq 100 | Moderna | Boeing | Facebook | Crude Oil
    Cryptocurrencies
    Bitcoin | Ethereum | Litecoin | Thor | Dash | THETA | IOTA | Polkadot

    My Key Takeaways After Exploring Libertex’s Tradable Underlying Assets

    One of the first things I noticed about Libertex’s offering was the availability of CFD options. Even though they are not your classic European-style options, they still afford you a certain degree of flexibility when managing volatility over time. I have always appreciated brokers that allow me to exploit various trading opportunities in different ways.

    I thus assessed that Libertex’s offering of 18 option CFDs can be used by longer-term swing and day traders seeking to trade on bigger-sized trends. They can execute positions lasting several weeks or more. Libertex also offers multiple high-yield/risk assets that can be used to speculate in the short term. For instance, high-frequency traders can try to catch intraday price movements like breakouts or breakdowns.

    Traders can also benefit greatly from the fact that when intraday trading, they will not have to pay any rollover fees, and if they trade, say, energies, they won’t have to pay any fixed commissions, either. This leaves the spread, which (say, on crude oil) meets the industry average.

    Maximum Leverage by Asset Class

    The maximum available leverage for retail clients varies across different asset classes, which is why I have broken it down by type:

    Asset Class Maximum Available Leverage
    Forex 1:30
    Metals 1:20
    Energies 1:10
    Indices 1:20
    Cryptocurrencies 1:2
    Share CFDs 1:5

    Customer Support

    3.2
    How Did We Test the Broker's Customer Support?
    Traders often underestimate the importance of customer support, yet it proves to be a critical aspect during times of crisis. We put the broker's customer support to the test ourselves using all possible channels, such as chat, phone, and others. Our evaluation focused on the accessibility of live agents, as well as the helpfulness and professionalism of their responses. This way, we provide you with comprehensive insights into whether a broker can deliver full support when you need it most.
    customer_support chart

    Libertex offers multilingual support during office hours from Monday to Friday. Support is available over email, chat, and phone.The website also has a dedicated FAQ and Help and Support section for more general queries.

    The easiest way to get in touch with Libertex is by calling the number listed below. Please note that you have to enter the Cyprus country code (+357) and that international calling fees may apply. German customers can also call a local number as shown below. Libertex does not appear to offer a call-back option.

    Libertex’s contact details

    Customer Support Test

    When we test a broker’s customer support team, we evaluate the agent’s knowledge of their own website, how long it takes them to respond to questions, and how detailed their answers are.

    I called Libertex’s support team on the 27th of September around 13:20 CET. At first, the line was busy, but my second attempt, about 10 minutes later, at getting in touch with them was successful. I inquired into Libertex’s commission and execution policies. The agent was polite and and was able to answer most of my questions, at least up to the point allowed by regulation restrictions.

    Deposit and Withdrawal

    5
    How Did We Test the Broker's Deposit and Withdrawal Process?
    The deposit or withdrawal process can be tricky since you may encounter hidden fees or longer than expected processing time. To assess the broker's offerings, we examined their deposit and withdrawal options and conditions. Using our proprietary database, we then compared these results with those of other brokers.
    deposit chart

    Libertex offers an impressive array of deposit and withdrawal methods. The broker does not charge any handling fees, and transactions are processed fairly quickly. I also appreciated that the broker provides information about the regulatory oversight for each payment method.

    Libertex Deposit Methods

    Method Type Fee Processing Time Regulator
    Bank Wire

    SEPA/

    International Bank Wire

    €0 3-5 days The Central Bank of Cyprus
    Credit/Debit Card Credit/debit card €0 Instant The Central Bank of Cyprus
    PayPal eWallet €0 Instant The Commission de Surveillance du Secteur Financier (CSSF)
    SOFORT Banking solution €0 Instant The Swedish Financial Supervisory Authority
    iDEAL Banking solution €0 Instant De Nederlandsche Bank
    Trustly Banking solution €0 Instant The Swedish Financial Supervisory Authority
    paysafecard Voucher €0 Instant The Financial Conduct Authority (FCA)
    Skrill eWallet €0 Instant The Financial Conduct Authority (FCA)
    Giropay Banking solution €0 Instant The Deutsche Bundesbank
    Multibanco Banking solution €0 Instant The Banco de Portugal
    P24 Banking solution €0 Instant The Polish Financial Supervision Authority
    BLIK Banking solution €0 Instant The Polish Financial Supervision Authority
    eps Banking solution €0 Instant The Austrian National Bank
    Neteller eWallet €0 Instant The Financial Conduct Authority (FCA)

    Libertex Withdrawal Methods

    Method Type Fee Processing Time Regulator
    Bank Wire SEPA/International Bank Wire 0.5% min 2 EUR, max 10 EUR 3-5 days The Central Bank of Cyprus
    Credit/Debit Card Credit/debit card 1€ 1-5 days The Bank of Lithuania
    PayPal eWallet €0 Instant The Commission de Surveillance du Secteur Financier (CSSF)
    Skrill eWallet €0 Within 24 hours The Financial Conduct Authority (FCA)
    Neteller eWallet 1% Within 24 hours The Financial Conduct Authority (FCA)

    Withdrawal requests are processed from the Client Portal. Most requests will be processed on the same business day, though transaction times may vary. Libertex does not charge commission fees for deposits, though there are various banking fees applied depending on the chosen withdrawal method. However, traders using PayPal or Skrill can withdraw funds without having to pay any such fees.

    Account Types and Terms

    4.5
    How Did We Test the Broker's Account Types and Terms?
    When it comes to achieving your trading goals, choosing the proper account is essential. We initiated our evaluation by personally opening an account with the broker, which allowed us to gain firsthand experience of the process and accurately asses, how fast and easy it is. In addition, we carried out an in-depth analysis of the account types and features offered by the broker, including spreads, maximum leverage, minimum deposits, and more. For a comprehensive comparison, we turned to our proprietary database and examined how this broker's account offerings and processes stacked up against other brokers.
    account chart

    Libertex has several account types, depending on the chosen trading platform and whether you wish to trade CFDs or invest in real stocks. Each trading account comprises a combination of floating spreads from 0.1 pips and a commission from 0.0003% per traded volume. Libertex does not allow swap-free trading. The broker also offers accounts in four base currencies – EUR, GBP, CHF, PLN.

    Notably, the USD is not available as a base currency option. Hence, trading instruments denominated in greenbacks are liable for a conversion fee.

    Why is Choosing the Right Account Type Important?

    Your account should reflect your goals, needs, and ambitions on the market. You should take into consideration several factors, such as whether the account type has a minimum deposit requirement, its spreads and commissions, the execution method, and more.

    What Account Types Does Libertex Offer?

    I have broken down Libertex’s account types below:

    Account Type MT4 – Market MT5 – Market Libertex Libertex Invest
    Spread From 0.1 pips 0.1 pips 0.1 pips NA
    Commission *6€ *6€ -0.005% (*5€) $0
    Execution Type Market Market Market Market
    Margin Requirement (EURUSD) 3.33% 3.33% Not Specified NA
    Min. Trading Volume 0.01 lots 0.01 lots 20€ 1 unit
    Min. Distance Requirement (EURUSD)** 0.0 pips 30 pips 0.0 pips NA
    Minimum Deposit 100€ 100€ 100€ 100€
    Islamic Account No No No NA
    Demo Account Yes Yes Yes No

    *Round-turn per traded lot.

    **Min. Distance from the current market price where you can place an order.

    Libertex has a minimum deposit requirement of EUR 100, making its accounts quite accessible to all kinds of traders. The combination of industry-average commissions, where applicable, and generally low spreads is suitable for the implementation of high-frequency and longer-term trading. Precision trading is also made possible by the fact that Libertex does not have minimum distance requirements, except for the MetaTrader 5 account. Minimum distance refers to the difference between an instrument’s market price and the price at which a trade gets executed.

    Libertex’s Execution Method

    The broker operates without a dealing desk, and orders are executed automatically.

    In my experience, this is better suited for day trading and position trading strategies where volume is important. But it is less so for intraday trading strategies, such as scalping, where precise order filling is more important.

    What is CFD Leverage?

    The leverage determines a trader’s overall market exposure. When trading Contracts for Difference (CFDs), positions can be opened for a fraction of their value because of the leverage. The leverage multiplies the profits a trader generates from winning positions but also the losses incurred from failed trades.

    Libertex Account Opening Process

    Libertex’s account registration form

    I have summarized the account creation process with Libertex, which is indeed quite straightforward. You can go at your own pace, though realistically you can be done with everything within an hour. Just follow these easy steps:

    • Step 1. Click the ‘Sign Up’ button at the top-right corner of the main page.
    • Step 2. Fill in your email address and choose a password
    • Step 3. Confirm your account by opening the confirmational email sent to you.
    • Step 4. Log in to the client portal, go to ‘My Accounts’, and fill in your personal information.
    • Step 5. Upload proof of address and proof of ID to verify your account.
    • Step 6. Fund your account.
    Configuring account settings with Libertex

    Why is a Demo Account Important?

    Libertex offers demo accounts that introduce traders to the broker’s services and allow them to tweak their strategies in a risk-free environment. The market is continually evolving and never static, so it is important to hone your skills in a safe environment. You can set up a demo account for yourself alongside your live CFD account.

    Libertex’s Restricted Countries

    Libertex Europe provides investment services to clients from the European Economic Area and Switzerland.

    Research

    4.1
    How Did We Test the Broker's Research Tools?
    Research options offered by brokers may not be seen as the most important feature for some traders, but they can provide a competitive advantage. To assess the broker's research offerings, we personally explored and tested both proprietary and third-party tools and content, such as Fundamental and Technical Analysis, Market News, educational videos, and webinars. After evaluating the availability and quality of the overall research offering, we compared the results with our benchmark to provide a comprehensive analysis of the broker's research capabilities.
    research chart

    Libertex offers quality and mostly diverse market news, though the content often lacks depth in its subject matter. I found the integration of a news screener and market sentiment tools into the Libertex platform quite useful for making timely and well- informed trading decisions. The broker offers video breakdowns but lacks webinars. Articles are published occasionally but not frequently.

    Research Tools

    I have broken down Libertex’s various types of research materials below:

    Market Overviews

    Available on the Libertex platform, the market overview feature allows traders to be up to date with the current market news.

    What I appreciate about this is the Market overview option allows you to diversify your trading options.

    News

    Libertex’s proprietary trading analyses

    Libertex publishes market overview of various instruments. They are supported by a general economic overview, the current technical outlook, a chart, and a brief fundamental analysis. I found the materials easy to grasp and written in a clearly discernible way. This type of content lets traders know where a particular market is likely to head next and why.

    Libertex’s news and signals are reasonably sophisticated, though the broker does not incorporate any similar third-party tools. Even though this is not a major issue, I still would have expected a broker from the rank of Libertex to afford its clients an alternative source of information. In trading, it is important to gain as many perspectives as possible to understand general market behavior.

    Economic Calendar

    Libertex’s economic calendar

    The economic calendar serves as the most basic research tool. It informs traders of upcoming economic releases that are likely to cause upsurges in market volatility. This creates potential trading opportunities. The economic calendar shows how the market is likely to react to specific events. I appreciated that Libertex’s calendar allows you to download historical data.

    Market Reviews

    Libertex’s market reviews

    These articles are quite detailed and provide a very well-researched overview of current economic trends and market developments. This type of content does not outline direct trading opportunities as it is rather intended to highlight the major factors that are likely

    to cause such opportunities in the near and mid-term future. The only drawback is that this highly practical content is only published once or twice a year. It is available from the website.

    Financial News

    Market alerts from the platform

    This news screener, which is also available from the Libertex platform, is a lot more practical and direct, informing the reader of recent tests and breakouts/breakdowns of and from major support & resistance levels.

    Blog

    A Libertex blog article

    Libertex’s blog contains multiple educational written articles. These do not have a particularly coherent structure and are instead intended to provide the reader with a more abstract picture of market trends and economic developments.

    My Key Takeaways from Exploring Libertex’s Research Materials

    I think that Libertex’s research content is overall highly practical. They can be beneficial to both beginners and advanced traders, though this is less so for the latter.

    Nevertheless, I found Libertex’s idea to integrate multiple educational materials and market sentiment tools on the Libertex platform very useful. I used one of its news bulletins to read about a recent reversal from a major resistance level on the EURUSD, which helped me make informative trading decisions. In summation, Libertex’s content is a great attribute to its other services in that it can be useful to both high-frequency intraday traders and longer-term swing, day, and position traders.

    Education

    2.3
    How Did We Test the Broker's Education Offering?
    Gaining knowledge about trading in the financial markets can make the difference between success and failure. To assess the broker's educational offerings, we personally tested and evaluated the quality of the content provided, considering its relevance for both novice and experienced traders. We explored the range of materials available, such as articles, videos, webinars, and courses. After evaluating the content's volume, update frequency, and overall quality, we compared the results with our benchmark to provide a well-rounded analysis of the broker's education offerings.
    education chart

    Libertex’s educational content has a much more limited scope. There are a handful of written articles and practical tips but no webinars, video lessons, or a comprehensive educational course guide. The educational content is the one aspect in which Libertex has not made any progress since my previous review of the broker last year.

    Libertex’s educational lessons

    Under the ‘Education’ section of the website, Libertex has published 9 lessons for beginners. These have little practical use since most lessons show you how to use the platforms and not how to actually trade. Traders cannot use this type of content to learn about technical or fundamental analysis or the peculiarities of trading psychology. Each lesson comprises 1 or 2 images and 3 or 4 barebone paragraphs.

    Libertex also has about a dozen articles in the blog section. These can be of some use to beginners, though they, too, are pretty basic and do not delve deep enough into the subject matter. For instance, you can read about what option CFDs are, but you would not really learn how to use them to trade in practice.

    An educational blog article

    The Bottom Line

    Libertex Europe is headquartered in Cyprus, and it also has a representative office in Germany that is registered with BaFin. The CySEC-regulated broker was founded in 2012, and in the decade since its establishment, Libertex has grown into one of the most popular names in the European trading industry. The broker offers over 300 CFD underlying assets and over 300 real stocks to invest in.

    Undoubtedly, Libertex’s standout feature is its pricing mechanism. The broker charges low-to-average commissions compared to the broader industry (from 0.0003%). CFDs in some asset classes like energies, indices, and shares can be traded commission- free. Libertex also charges very low floating spreads starting from 0.1 pips.

    Libertex has developed a highly customizable and user-friendly web trader platform and mobile app. It additionally incorporates the beginner-friendly MetaTrader 4 & 5 platforms, However, there are no third-party tools.

    What I found lacking are supporting tools and content. The broker offers diverse and mostly practical educational materials developed in-house, but the lack of third-party content from sources like Autochartist deprives traders of alternative perspectives. Libertex also has almost no educational content.

    Despite these shortcomings, Libertex’s choice of platforms and low trading fees can be beneficial to both beginners and seasoned traders. They can implement high- frequency trading strategies in the short-term or longer-term swing and day trading strategies.

    FAQ

    Libertex Europe is headquartered in Limassol, Cyprus. It also has a representative office in Germany.
    Libertex is authorized by a top-tier regulator. It has a very transparent website and adheres to all essential regulatory requirements. That is why I assessed Libertex to be a reputable broker.
    Yes, Libertex is good for beginners because it offers low trading costs and a choice of versatile platforms. The broker, however, has very limited educational materials.
    The minimum deposit requirement with Libertex is EUR 100.
    Clients of Libertex can withdraw funds via bank transfer, bank card, or e-wallet.
    Wire transfers typically take between 3-5 business days.
    The maximum leverage for retail traders with Libertex is up to 1:30.
    Accounts can be opened from the main page of the website.
    Traders can choose between trading on Liberetex’s in-house platform or either MetaTrader 4 or 5. It also has an investment account.
    Yes, it does.
    Yes, Libertex has low trading fees and access to deep liquidity, which makes it suitable for scalping. The Libertex platform does not have any minimum distance requirements, though MetaTrader 5 offers one-click trading.
    Yes, hedging is available with Libertex.
    No. Spread betting is not available with Libertex.
    No, it does not.
    Depends on the particular asset class. For instance, the Forex market is open 24/5, whereas shares of U.S. companies can be traded during the New York Stock Exchange (NYSE) open – Monday to Friday from 09:30 a.m. to 4 p.m. EST.
    Yes.
    No, Libertex does not operate a bank.

    See Libertex Full Information

    Headquarters CountryCyprus
    Foundation Year2012
    RegulationsCySEC (Cyprus)
    Publicly TradedNo
    Number Of Employees60
    Trading Desk TypeNo dealing desk, ECN, STP
    Trading PlatformsMT5, Proprietary, MT4
    Restricted Countries
    Honduras, Egypt, Samoa, Armenia, Bahamas, Bahrain, Barbados, Belize, Benin, Bhutan, Bolivia, Burkina Faso, Burundi, Cameroon, Canada, Cape Verde, China, Colombia, Congo, Costa Rica, Cote dIvoire, Cuba, Djibouti, Dominica, Ecuador, Equatorial Guinea, Eritrea, Kenya, North Korea, South Korea, Nauru, Kuwait, Kyrgyzstan, Laos, Lesotho, Guinea-Bissau, Guyana, Malaysia, Liberia, Sao Tome and Principe, Namibia, Palau, Malawi, Maldives, Mali, Mexico, India, Morocco, Nepal, New Zealand, Nicaragua, Indonesia, Nigeria, Norway, Iceland, Peru, Qatar, Gibraltar, Iran, Grenada, Guatemala, Iraq, Rwanda, Afghanistan, Tonga, Guam, Cayman Islands, Swaziland, Bermuda, Suriname, United States, Zambia, Angola, Turkey, Marshall Islands, Paraguay, Cook Islands, Antigua and Barbuda, Kosovo, Argentina, Mongolia, Azerbaijan, Belgium, Russian Federation, Turkmenistan, Solomon Islands, Venezuela, Uganda, Sierra Leone, Uzbekistan, El Salvador, Lebanon, Israel, Virgin Islands, British, Philippines, South Sudan, Sri Lanka, United Arab Emirates
    Supported Languages
    English, French, Dutch, Portuguese, Polish, Italian, Spanish, German
    Min Deposit$100
    Max Leverage1:30 (CySEC )
    Deposit OptionsSofort, Wire Transfer, Neteller, iDeal, Skrill, Debit Card, Credit Card, Rapid Transfer, Giropay, PayPal, Trustly, Paysafe, Help2Pay
    Withdrawal OptionsWire Transfer, Neteller, Skrill, Debit Card, Credit Card, PayPal
    Time to Withdrawal2
    Time to Open an Account9
    Crypto
    Bitcoin Cash, Bitcoin, Litecoin, Monero, Stellar, Dash, TRON, Ethereum, Polkadot, IOTA
    Products
    Options, Currencies, Stocks, ETFs, Crypto, Indices, Commodities
    Demo AccountYes
    OCO OrdersNo
    Offers HedgingYes
    Automated TradingYes
    API TradingNo
    Guaranteed Stop LossYes
    Guaranteed Limit OrdersYes
    Guaranteed Fills / LiquidityYes
    Economic calendarYes
    Trading From ChartYes
    One-Click TradingNo
    Expert AdvisorYes
    Social TradingYes
    AutochartistNo
    Trading SignalsYes
    Platform Languages
    English, French, Dutch, Portuguese, Polish, Italian, Spanish, German
    24 Hours SupportYes
    Support During WeekendsNo
    Live ChatNo
    Daily Market CommentaryYes
    News (Top-Tier Sources)Yes
    WebinarsNo
    Deposit FeeNo
    Withdrawal FeeNo
    Inactivity FeeYes

    About the Author

    Plamen StoyanovBroker Analyst

    Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today. His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis. Plamen’s favourite trading instruments include FX majors and gold. He earned a Bachelor's degree in Economics and International Relations. Plamen's broad experience has equipped him with the expertise to recommend the best forex brokers.

    Why you can trust FX Empire

    At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions.

    Why you can trust FX Empire

    FXEmpire was founded in 2011, making us one of the first forex broker review sites. You can trust FXEmpire because of our thorough and unbiased review process. With over a decade of experience, we have a team of industry experts who conduct rigorous tests to ensure our reviews are accurate and unbiased. Our reviews are designed to bring clarity and confidence to the process of choosing a broker, and are based on objective criteria and measurable data. Our editorial team is composed of trading industry professionals and seasoned financial journalists, who ensure that our reviews are accurate and unbiased. Additionally, our review system is based on 9 core categories and over 250 distinct variables, which ensures that all aspects of a broker are considered before giving a final rating. So, you can trust FXEmpire to provide you with honest and informative reviews that will help you make an informed decision on which broker will best enable you to reach your financial goals.
    CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.1% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.