Richard Montana | August 15, 2022
Libertex is a powerful trading app that is designed to try and help boost your online trading. Regardless of you being a beginner or a pro trader, the broker has a superb range of tools to help you trade more than 250 financial instruments, including indices, cryptocurrencies, stocks, commodities, currency pairs and more. I think they have a great selection with something for everyone to trade. Once in your hand, the Libertex platform can be easily customised to help you reach your trading goals. I found them to be ideal for no-nonsense access to the markets with everything you need to ensure a smooth trading experience in a regulated environment. I have had an account with them for a few years now and always received a top-notch service. You can open an account using the online application form that takes just a few minutes to complete and begin trading with a deposit of just $100. If you are a beginner, there is even the option of a risk-free demo account to get a feel of what they can offer you.
Pros & Cons
- User-friendly MetaTrader platforms give easy market access
- Proprietary trading platform for all of your devices
- Good range of trading instruments to choose from
- Very competitive trading conditions
- Quick and easy account funding options
- Trading Central for automated market analysis
- Market sentiment indicators and other useful tools
- Free demo accounts to try them out
- Islamic accounts for Muslim traders
- Excellent customer support
- Limited account types to choose from
- Limited educational materials for beginners
- Do not have the MetaTrader 5 platform
- No FIX API trading
- No managed accounts
Operating since 1997, Libertex are an authorised and regulated CFD broker that provides clients in over 110 countries worldwide access to trade 244+ assets in multiple markets including Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, ETFs & CFDs. Each and every client is treated with the same respect and provided with simple and convenient trading platforms. They offer good execution speeds, low spreads from zero pips and competitive commissions. Whatever your trading style, they can facilitate your needs with minimal fuss.
I have been aware of the broker since I first got started trading so it is good to see how far they come over the years in an industry where so many come and go. In the 20+ years they have been operating, they have been recognised by financial magazines and institutions with over 30 prestigious awards won for its customer service and innovative trading solutions. I feel this is testament to the quality of the company and the services that they provide.
Libertex is a trademark of Libertex International Company LLC. Libertex.org is operated by Forex Club International LLC, a company registered in St. Vincent and the Grenadines, and by MAEX LIMITED, a company registered in the Republic of Mauritius. They are a multinational brand with over 20 years of financial market and online-trading experience.
They have more than 700 employees working for the group of companies, serving over 2,200,000 clients from Americas, Asia and Europe. This regulation helps to give me the peace of mind that I am using a reputable and trustworthy broker who must comply with strict rules and regulations to protect investors.
Client funds are held in segregated accounts with other financial institutions. This is so the client funds remain separated from the company funds and thus cannot be used for any other purposes such as business running costs. There is negative balance protection in place which means that your account should not fall below the initial amount that you invested.
Libertex has clients in over 110+ countries across the globe and whilst they accept clients from most, there are some limitations for certain countries due to strict regulations.
Libertex give you a choice of two excellent trading platforms, both of which have intuitive user interfaces and are free to use. They have the popular MetaTrader 4 (MT4) trading platform and their very own Libertex trading platform. I think you can’t really go wrong with either although I would personally opt for MetaTrader. This is mainly because it is the first platform that I mastered and like the automated trading features that it has. You will also find MetaTrader is readily available through most brokers. If you were to start using a proprietary platform only available at one broker and decided to switch providers, you would then need to learn another platform from scratch.
MetaTrader 4 (MT4)
MT4 is one of the most widely recognised and used trading platforms by traders all across the globe. It is well known for its user-friendly interface and built in trading tools. It is simple enough to use for novice traders whilst providing enough functionality for the more advanced traders. I like how the platform can be fully customised depending on how simplistic or complicated you need it to be. The possibilities are endless in terms of market analysis and trading strategies.
MT4 displays real time price quotes of trading instruments in the market watch window. You can easily load charts in a great range of 9 different timeframes and place multiple order types. There is an impressive selection of over 50+ technical indicators built in and graphical objects for analysing the charts. You can create and save chart templates for your trading strategies which makes it quick and easy to load them at a later date.
MT4 has a large online community where users share different tools and ideas. The platform has tabs where you can view signals from other traders and also a market place where there are additional indicators and expert advisors (EAs) which can be purchased. There is also the MetaEditor interface where users can programme their very own indicators and EAs in the MQL language. The strategy tester enables the back testing of EAs over historical data.
MT4 is free to use for desktop (Windows / Mac), web and mobile (iPhone / iPad / Android / Tablet). The web version runs directly in most popular browsers and therefore does not require downloading or installing any software. This is great because it is always up to date and you can access your account from someone else’s device if need be. The MetaTrader app is useful for those who wish to access their account and trade whilst on the go. I am constantly checking my trading apps to see how my trades are performing and what is going on around the markets. However, the desktop platform is my preferred version as it has all of the core functionalities, including automated trading.
Libertex Trading Platform
Libertex have their very own proprietary trading platform which is very user friendly due to its simplicity and convenience. I had no problem navigating around the platform and was able to load charts, place and manage trades with relative ease. Through this sophisticated platform, you can get access to all of the tools you need for analysing charts and trading instruments including a great selection of Forex, Cryptos & CFDs. You can choose to view area charts, candlestick charts, Heiken Ashi charts and line charts. Charts can be displayed on multiple timeframes from the one minute to one month.
The platform comes with the most popular technical indicators that are categorised by Volatility, Trend and Oscillator types. It also includes a vast array of risk management tools. There is a handy embedded real time news and market forecast feed displayed within the platform. This means you can follow the news directly from the platform without needing to switch between windows. There is also a section dedicated to fundamental analysis which I found excellent to help inspire trade ideas and keep informed about what is going on around the markets.
Libertex do not charge a spread on their platform but instead charges a small commission fee from 0.03%. Free practice demo accounts are available to trial the platform. The platform is available from any device including desktop and mobile (Android/iOS). The mobile app is useful for those who wish to trade whilst on the go from anywhere in the world where there is an internet connection. I like how you can access your account seamlessly between devices. I often find myself going from my trading apps to desktop platforms and vice versa.
The Libertex platform supports the fantastic Trading Central which is a third-party market analysis tool. Trading Central streams real time trading signals and gives potential setups directly into the platform. I think this is an excellent software that gives all traders easy access to professional market analysis. It can literally save you thousands of hours from learning how to spot signals and staring at charts. You can set it to alert you to customised signals according to your preferred trading strategies. It is great that the broker makes this available to you for free. I have seen this type of software being sold for thousands in the past. There are other brokers who offer it, including easyMarkets.
I found that the majority of trading tools are already built into the Libertex trading platforms. You get access to an extensive selection of tools which include a real time news feed, Trading Central, market sentiment indicator and market participant sentiment index. These tools can be very useful to assist with technical and fundamental analysis to spot potential market movements. I think most of you will be able to get by with the platform tools, but for those who want to push the boundaries of their trading, Markets.com have an even greater selection.
The broker has an impressive series of over 30 video lessons on their website that cover a range of trading topics including technical analysis, fundamental analysis, price action, money management, trading discipline, trading psychology and more. The videos are annotated and easy to digest, suitable for all levels of traders. There is also a trading glossary that covers a range of trading terms and definitions. I think there should be more than enough here for beginners to get their teeth stuck into. Admirals also have a dedicated trading academy if you are looking for as much guidance as possible.
Libertex give you access to trade a generous selection of more than 244+ instruments including Forex, Stocks, Cryptocurrencies, Metals, Indices, Agriculture, Oil & Gas and ETFs. You will find all of the financial instruments that you would expect from a top broker, including major currency pairs, popular cryptos and stocks of the largest companies. Whilst there are plenty of options, they don’t quite compare to the likes of Swissquote who have over 8,500+ instruments in comparison.
The broker has a variety of major, minor and exotic currency pairs to trade. I think the forex traders amongst you will be more than satisfied by what is available.
At Libertex you will find over 50+ stock CFDs which have some of the highest volatility on the market. This includes the Blue Chips of the US market and some of the most popular stocks from Europe and Latin America. Stocks include Google, Amazon, Facebook, eBay, Nike and many more. For stock trading, I would recommend checking out TMGM.
Precious metals gold and silver are available to trade along with platinum, palladium and copper.
You can choose from a variety of top performing stock indices in the American, European, and Asian economies. Stock indices include the Dow Jones, NASDAQ100, DAX, FTSE 100, S&P 500, China A50, Israeli 35 and more.
Agricultural commodities were amongst the first assets to come to exchange. Traders have access to these old-school CFDs on the modern Libertex trading platform. You will find commodities including cocoa, coffee, sugar, soybean, wheat and corn.
Oil & Gas
Libertex offer traders brent crude oil, natural gas, WTI crude oil, heating oil and light sweet crude oil.
ETFs offered include iShares Core U.S. Aggregate Bond ETF, iShares MSCI Germany ETF, iShares MSCI United Kingdom ETF and others. I don’t see ETFs available on many brokers so I feel that this can help to set them apart from the competition if you are looking for an ETF broker.
The broker has a very basic choice of accounts to choose from. I like it when a broker gives us more choice like FXTM do as we all have different trading strategies that may require certain conditions. However, I also see how it can be fair to give everyone the same features regardless of their investment size. It also helps to keep things nice and simple.
When trading using the Libertex platform there is no spread but a small commission fee starting from 0.03%. The MT4 platform does include a spread. You can just choose the platform depending on what works best for you. The minimum deposit required is $100. If this too much for you at the moment, TD365 have a $1 minimum deposit to get started. As with most brokers, you do have the option of a demo account which is a great way to practice trading online. It is also nice to see that they support Muslim traders with the Islamic swap-free account option.
You can reach out to customer support that is provided via online chat, telephone and email. Customer service is available during office hours from Monday to Friday. There is also a knowledge base on the brokers website that covers a variety of topics including funding, accounts, platforms, trading and other general questions. I have also been pleased with the support that I have received on the rare occasion that I have reached out to them. I think they could improve by providing 24/7 support like Trading 212.
Libertex have a variety of convenient methods for depositing and withdrawing funds from your trading account. This includes bank wire, credit card and online payment systems such as Neteller and Skrill. I really like the digital wallet options as I find this to be them to be the quickest and easiest way to get access to my funds. If there is some major market news happening that I want to try and capitalise on, I wouldn’t be able to sit around for days waiting for a bank transfer to clear. Please note that some methods may only be available to specific countries and not all are available for both deposit and withdrawal.
Some fees may be charged when using certain payment methods. Withdrawal requests are processed within the same day or next if outside working hours. The withdrawal time can vary depending on the payment provider and method. Bank transfers may take a few business days to clear whilst some methods can be instant.
Some payment systems may have transaction limits, restrictions, and requirements which are indicated on their respective websites. You may need to verify your account to remove limits on particular methods in some countries. The broker does not accept third-party payments. All funds deposited into your trading account must be under the same name as your Libertex trading account. Accounts can only be opened in EUR which is disappointing. I think they could help clients avoid currency conversion fees by adding support for some more currencies.
Putting everything together, Libertex is a well established, regulated and award-winning online broker that offers user friendly trading platforms and a wide range of trading instruments. The broker has a proprietary trading platform which contains some very powerful trading tools to assist with in-depth market analysis. You can get access to the markets with tight spreads, low fees and reliable execution speeds with minimal slippage. i found the support team to be very helpful and like that there are plenty of funding options. Beginners can browse through some good educational content and practice on a demo account. Despite the positives, I think the account types are limited whilst leverage is restricted for those who do not qualify as professional clients. The non-fx instruments are also not as extensive as some other brokers. If you are looking to trade in a regulated environment with, then I would say they are certainly worth further consideration.