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Libertex Review 2022

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% 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.

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“Libertex is a CFD broker, offering clients access to trade on more than 250+ financial CFD instruments across Forex, Stocks, Cryptocurrencies, Metals, Indices, Agriculture, Oil and Gas and ETFs, all through its Libertex Web Platform as well as the globally renowned MetaTrader 4 and MetaTrader 5 platforms for PC.”

Libertex Group was founded in 1997 and is the brand name of Indication Investments Ltd, a Cyprus Investment Firm, authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC).

The broker offers clients the ability to trade on more than 250+ financial CFD instruments across Forex, Stocks, Cryptocurrencies, Metals, Indices, Agriculture, Oil and Gas and ETFs, all through its Libertex Web Platform as well as the globally renowned MetaTrader 4 and MetaTrader 5 platforms for PC.

Users can choose from a single live account or a demo account. The live account is commission-based with competitive fees but this does vary depending on the trading platform chosen.

There are no fees on deposits and there is a range of funding methods available that include debit/credit cards, bank wire, PayPal, Skrill, Neteller, Jeton and more. Withdrawal fees do apply depending on the method chosen.

Libertex offers some market research that includes a News Feed, Analysis videos and an Economic Calendar. Educational material, however, is limited to a beginner trading course and a three-part article covering Trading Option CFDs.

The broker offers multilingual customer support from 9 AM – 9 PM (EEST), Monday to Friday through Live Chat, Whatsapp, Email, Phone and Facebook Messenger.

Pros: Cons:
  • CySEC regulated.
  • 250+ financial CFD instruments.
  • Good web platform.
  • No deposit fees.
  • MetaTrader 4 is available.
  • Limited education material.
  • No 24/5 customer support.

 

About the Author

Jitan Solanki
After discovering techniques to trade pan-European and US equities, Jitan developed a love for a short to medium term trading on indices and commodities, and later on currencies.
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Libertex Main Features
☑️
Regulations
CySEC (Cyprus)
🗺
Supported Languages
English, Spanish, German, French, Russian, Dutch, Polish, Italian, Greek
💵
Min Deposit
$100
💹
Max Leverage
1:30 (CySEC)
🖥
Trading Desk Type
Market Maker, No dealing desk
📊
Trading platforms
MT4, MT5, Proprietary
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unknownLibertex accepts clients from your country:
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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% 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.

Libertex Full Review

 Investor Protection & Regulations

“Libertex is the brand name of Indication Investments Ltd, a Cyprus Investment Firm, authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC).”

Libertex is the brand name of Indication Investments Ltd, a Cyprus Investment Firm, authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC), as shown on the regulator’s register below:

Tradable Products

“Libertex offers clients the ability to trade on over 250+ financial CFD instruments covering Forex, Stocks, Cryptocurrencies, Metals, Indices, Agriculture, Oil and Gas and ETFs.”

Libertex offers clients the ability to trade on over 250+ financial CFD instruments covering Forex, Stocks, Cryptocurrencies, Metals, Indices, Agriculture, Oil and Gas and ETFs. Below is a list of just some of the available markets for trading:

Forex Cryptocurrencies** Indices Oil and Gas
EURUSD Bitcoin US30 Brent Crude Oil
AUDUSD Bitcoin US500 WTI Crude Oil
USDCAD Ethereum Euro 50 Henry Hub Natural Gas
GBPJPY Ripple UK 100 Heating Oil
Shares Metals Agriculture ETFs
Adobe Gold Coffee iShares MSCI Mexico ETF
Spotify Silver Cocoa iShares MSCI Brazil ETF
Apple Copper Soybean iShares MSCI Germany ETF
AIG Platinum Corn Vanguard FTSE Europe ETF

*Details regarding the available assets are taken from the Libertex.com website and are correct at the time of this review. You can find a more detailed list here.

** Users residing in the United Kingdom will not be able to access cryptocurrencies due to regulatory restrictions from the FCA.

Trading costs such as spreads and overnight funding (swap) rates vary depending on the account type opened and instrument being traded and are covered further down this review.

Account Opening

“Libertex offers a single live account as well as a demo account.”

Libertex offers a single live account as well as a demo account. The live account features:

  • €100 minimum deposit.
  • Commission-based trading from 0.03%.
  • Spreads from 0.2 pips on EURUSD.
  • Leverage up to 1:30.

Users can open a new account in just a few steps. After clicking the ‘Open Account’ button on the broker’s homepage, users will be guided through the following steps:

  1. Sign Up: Name, email and phone number.
  2. Employment details: Employment status, industry of employment and education level.
  3. Trading Experience: Questions relating to CFD trading, trading knowledge and experience.
  4. Financial details: Questions relating to source of wealth, net worth and annual income.
  5. Personal Details: Name, address, nationality, contact number and date of birth.
  6. Document Verification: Proof of identity (passport ID) and proof of residence (utility bill or bank statement – not more than 6 months old).

The client portal is shown below:

Libertex does not offer services to Non-European Countries.

Deposit & Withdrawals Options

“Libertex offers a variety of funding methods including via debit/credit cards, bank wire, PayPal, Skrill, Neteller, Jeton and more.”

Libertex offers a variety of funding methods including via debit/credit cards, bank wire, PayPal, Skrill, Neteller, Jeton and more. The below tables show some of the popular deposit and withdrawal methods available and their associated fees and processing times:

Deposit Method Applicable Fees Process time
Debit/Credit Card 0 Instant
Bank Wire Transfer 0 3 -5 days
PayPal 0 Instant
Skrill 0 Instant
Neteller 0 Instant
Jeton 0 Instant
Withdrawal Method Applicable Fees Process time
Debit/Credit Card 1 EUR 1-5 days
Bank Wire Transfer 0.5% min 2 EUR, max 10 EUR 3 -5 days
PayPal Free Instant
Skrill Free Within 24 hours
Neteller 1% Within 24 hours
Jeton 1% Within 24 hours

Clients can deposit and withdraw funds through the client portal.

Web & Desktop Trading Platforms

“Libertex offers users the ability to trade on the Libertex Web Platform as well as the globally renowned MetaTrader 4 and MetaTrader 5 platforms for PC.”

Libertex offers users the ability to trade on the Libertex Web Platform as well as the globally renowned MetaTrader 4 and MetaTrader 5 platforms for PC. The platform features are highlighted below:

Libertex Web Platform

  • Trade multiple asset classes.
  • Interactive charts.
  • Great range of technical tools and indicators.
  • No download is needed.

Libertex MetaTrader 4 (PC)

  • Fully customisable.
  • Multiple analytical instruments.
  • Advanced charting.
  • Over 30 built-in indicators.

Libertex MetaTrader 5 (PC)

  • 21 timeframes.
  • 6 order types.
  • Expert Advisors.
  • Advanced charting capability.

A screenshot of the Libertex Web Platform is shown below and is covered in more detail in the video review:

Mobile Trading Platforms

“Libertex offers users the ability to access mobile trading on the go via the Libertex mobile app and the MetaTrader 4 and MetaTrader 5 mobile apps for Android and iOS systems.”

Libertex offers users the ability to access mobile trading on the go via the Libertex mobile app and the MetaTrader 4 and MetaTrader 5 mobile apps for Android and iOS systems. The app download links can be found in the Google PlayStore or Apple AppStore respectively.

The Libertex mobile app provides a range of different features including:

  • Trade and manage your account on the go.
  • Access order types.
  • Real-time quote streaming.
  • Access multiple asset classes.

The Libertex mobile trading app and its features are covered in more detail in the video review.

Trading Features

“Libertex does not provide any additional features from what is already available in the trading platforms offered. However, users can still access the MetaTrader Marketplace from the MetaTrader platforms.”

Libertex does not provide any additional features from what is already available in the trading platforms offered. However, users who are trading through the MetaTrader 4 or MetaTrader 5 platforms can use the MetaTrader marketplace to access thousands of additional trading tools and automated strategies.

Commissions & Spreads

“Trading with Libertex is commission-based but trading costs vary depending on the trading platform chosen and the market traded.”

Trading with Libertex is commission-based but trading costs vary depending on the trading platform chosen and the market traded. The table below shows the average spreads and commission charges taken from the Libertex Web Platform on Wednesday 15th September 2021 at 11:00 AM.

Market Average Spread Minimum Commission
EURUSD 0.2 pips -0.011 %
S&P 500 0.83 pips -0.04 %
Brent Crude Oil Cash 0.03 0.0 %
Gold 0.32 pips -0.004 %

Further commission charges on the Pro and MetaTrader accounts can be found in the broker’s CFD specification section.

Overnight funding or ‘swap’ fees are charged on positions that remain open overnight (22:00) GMT. If positions are being held over the weekend a three-day ‘swap’ charge will be charged on Wednesdays.

If the Client’s Account is inactive for 180 calendar days (i.e. there is no trading, no open positions, no withdrawals or deposits), the Company reserves the right to charge an account maintenance fee of 10 EUR per month. (Applies to clients with a total account balance less than 5000 euros)

Bonus & Promotions

“In accordance with regulatory restrictions, Libertex does not offer any bonuses or promotions.”

Customer Support

“Libertex offers multilingual customer support between 9 AM – 9 PM (EEST) via Live Chat, Whatsapp, Email, Phone and Facebook Messenger. There is also a detailed FAQ section on the broker’s website.”

Libertex offers multilingual (English, Spanish, Italian, German, Dutch, French, Polish and Greek) customer support between 9 AM – 9 PM (EEST) via Live Chat, Whatsapp, Email, Phone and Facebook Messenger.

There is also a detailed FAQ section covering questions regarding Trading Transactions, Verification, Trading Conditions and Trading platforms and terminals.

After submitting a question through the live chat we were connected to an agent who answered our question within 10 seconds, as shown below:

Contact Information:

  • Address:
    • 116 Gladstonos Street, Michael Kyprianou building, 1st Floor, Limassol 3032, Cyprus
  • Email:
    • info@libertex.com
  • Phone:
    • +357 22 025 100
  • Social Media:

Research

“Libertex market research includes Trading Central Signals, a News Feed, Analysis videos and an Economic Calendar.”

Libertex market research includes a News Feed, Analysis videos and an Economic Calendar (news feed can be accessed from the web trading platform).

The broker also provides regular analysis videos on its YouTube channel covering CFDs. Additionally, users can access an economic calendar to keep up with current and future economic data releases and events.

Trader Education

“Libertex offers limited educational material that features a beginner trading course and a three-part article covering Trading Option CFDs.”

Libertex offers limited educational material that features a beginner trading course and a three-part article covering Trading Option CFDs. The course features fives lessons that include both video and written content. Topics include How to Trade in the Financial Markets, How to Open a Trade in Libertex, What Is Multiplier?, What Is Stop Loss? and What Is Take Profit?

Users can also read a three-part article covering ‘Trading Option CFDs’. Overall, the content is detailed but is mostly limited to the basics of trading.

Trading Experience

“Libertex provides clients access to over 250+ financial CFD instruments across Forex, Stocks, Cryptocurrencies, Metals, Indices, Agriculture, Oil and Gas and ETFs, all through its Libertex Web Platform as well as the globally renowned MetaTrader 4 and MetaTrader 5 platforms for PC.”

From our observations, Libertex provides clients with a trading offering on over 250+ financial CFD instruments across Forex, Stocks, Cryptocurrencies, Metals, Indices, Agriculture, Oil and Gas and ETFs, all through its Libertex Web Platform as well as the globally renowned MetaTrader 4 and MetaTrader 5 platforms for PC.

The broker offers a single live account as well as a demo account. Trading is commission-based and overall costs are competitive, however, users will need to understand the different commission charges for each trading platform.

There are no fees on deposits but there are charges for some withdrawal methods. Additionally, the broker offers limited educational material that is most suited for beginner traders.

FAQ

Is Libertex regulated?

Libertex is regulated by the Cyprus Securities and Exchange Commission (CySEC).

Where is Libertex based?

116 Gladstonos Street, Michael Kyprianou building, 1st Floor, Limassol 3032, Cyprus.

How does Libertex make money?

Libertex makes money mainly through spreads, commissions and swaps on certain asset classes.

How do I deposit in a Libertex account?

Funds can be deposited via debit/credit cards, bank wire, PayPal, Skrill, Neteller, Jeton and more.

What is the min. deposit for Libertex?

The minimum deposit is €100.

How do I withdraw money from Libertex?

Withdrawals can be made from the client portal via debit/credit cards, bank wire, PayPal, Skrill, Neteller, Jeton and more.

What is the max leverage in Libertex?

The max leverage available is 1:30 for retail clients.

How do I open an account with Libertex?

An account can be opened at the click of a button on the Libertex website and can be done in just a few steps.

Does Libertex use MetaTrader?

Yes, MetaTrader 4 and MetaTrader 5.

Conclusion

“Libertex is a CFD broker, offering clients access to trade on more than 250+ financial CFD instruments across Forex, Stocks, Cryptocurrencies, Metals, Indices, Agriculture, Oil and Gas and ETFs, all through its Libertex Web Platform as well as the globally renowned MetaTrader 4 and MetaTrader 5 platforms for PC.”

Libertex Group was founded in 1997 and is the brand name of Indication Investments Ltd, a Cyprus Investment Firm, authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC). The broker offers clients the ability to trade on more than 250+ financial CFD instruments across Forex, Stocks, Cryptocurrencies, Metals, Indices, Agriculture, Oil and Gas and ETFs, all through its Libertex Web Platform as well as the globally renowned MetaTrader 4 and MetaTrader 5 platforms for PC.

Users can choose from a single live account or a demo account. The live account is commission-based with competitive costs but this does vary depending on the trading platform chosen. There are no fees on deposits and there is a range of funding methods available that include debit/credit cards, bank wire, PayPal, Skrill, Neteller, Jeton and more. Withdrawal fees do apply depending on the method chosen.

Libertex offers some market research that includes a News Feed, Analysis videos and an Economic Calendar. Educational material, however, is limited to a beginner trading course and a three-part article covering Trading Option CFDs. The broker offers multilingual customer support from 9 AM – 9 PM (EEST), Monday to Friday through Live Chat, Whatsapp, Email, Phone and Facebook Messenger.

  • CySEC regulated.
  • 250+ financial CFD instruments.
  • Good web platform.
  • No fees on deposits.
broker

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% 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.

See Libertex Full Information
Broker General Information
Trading Features
Other Details
Headquarters Country
Cyprus
Foundation Year
2012
Regulations
CySEC (Cyprus)
Publicly Traded
Yes
Number Of Employees
0-50
Trading Desk Type
Market Maker, No dealing desk
Trading platforms
MT4, MT5, Proprietary
Restricted Countries
United States, Belgium, Latvia, New Zealand, Paraguay, Kosovo, Azerbaijan, Turkmenistan, Solomon Islands, Venezuela, Uganda, Lebanon, Virgin Islands, British, Philippines, South Sudan, Armenia, Sri Lanka, Kuwait
Supported Languages
English, Spanish, German, French, Russian, Dutch, Polish, Italian, Greek
Min Deposit
$100
Max Leverage
1:30 (CySEC)
Deposit Options
Wire Transfer, Credit Card, Skrill, Neteller, Sofort, Trustly, iDeal, Rapid Transfer, Giropay
Withdrawal Options
Wire Transfer, Credit Card, Skrill, Neteller
Demo Account
Yes
Islamic Account
No
Segregated Account
No
Managed Account
No
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