Richard Montana | May 26, 2022
Table of Contents
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.
Broker 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
- Competitive trading conditions
- Quick & easy account funding options
- Trading Central for automated market analysis
- Market sentiment indicators & other useful tools
- Free demo accounts to try them out
- Islamic accounts for Muslim traders
- Regulated brokerage firm
- Negative balance protection
- Segregated client funds
- Investor Compensation Scheme
- Limited account types to choose from
- Limited educational materials for beginners
- Restricted leverage for non-professional clients
- No FIX API trading
- No managed accounts
Operating since 1997, Libertex are an authorised and regulated online 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 the trading platform of Indication Investments Ltd who are a Cyprus Investment Firm that are regulated and supervised by the Cyprus Securities and Exchange Commission (CySEC) with CIF Licence number 164/12. 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.
The broker participates in the Investor Compensation Fund (ICF) which can provide cover for eligible clients of up to €20,000 if there are claims made against the company where it is unable to fulfil its financial obligations. This can give you that additional comfort that some other brokers cannot.
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%. Practice demo accounts with €50,000 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 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, with just the retail and professional account 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. There is leverage of up to 1:30 is available for retail clients and up to 1:600 for those who qualify as professional clients. If you are a retail trader looking for higher leverage, FXGiants go up to 1:1000 for those who are eligible.
To qualify as a professional client with Libertex, you must meet 2 of the following criteria; traded a significant amount over the last 4 quarters, have a large financial instrument portfolio exceeding €500,000 or have worked in the financial sector in a professional position for over a year. Just keep in mind that if you are considered a professional client then you may not be entitled to certain protection.
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 (Cyprus time) 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.
To sign up for a Libertex account you need to fill out the online form by entering your email address and password. Once you have done this, you will be asked a few questions and can then make a deposit. You must also upload your documents for identification purposes, such as a form of ID (passport, driver’s license, etc) and proof of residence (e.g. utility bill). As a regulated company, they are required to verify your identity within 15 days of your first deposit. Verification is usually complete within 3 days from when you upload your documents. I was actually verified quite quickly but you can always use a demo account in the meantime.
What is the Libertex minimum deposit?
The minimum deposit amount at Libertex is $100.
How do I deposit money into Libertex?
At Libertex, traders can fund their accounts using any of the following deposit options: Wire Transfer, Credit Card, Neteller, Skrill, Sofort, iDeal, Giropay, Trustly, Przelewy, and Multibanco.
What are Libertex’s deposit fees?
Libertex do not charge any deposit fees, but you may need to pay a fee to your bank or a currency conversion fee if using a different currency.
How do I withdraw money from Libertex?
You can withdraw funds from your Libertex account through bank transfer, credit/debit cards, and various electronic payment gateways, such as Neteller, Skrill, Sofort, iDeal, Giropay, Trustly, Przelewy, and Multibanco.
What are the Libertex withdrawal fees?
Libertex charge withdrawal fees are charged on some transaction methods, but these often do not exceed 1%.
What is the Libertex commission fee?
Libertex offers low commission fees from $0.
Are there any Libertex inactivity fees?
Libertex also charges a fee for inactive accounts with a balance of less than $10,000. The inactivity fee at Libertex is $5 per month after 180 days of inactivity.
What are the Libertex account types?
Libertex offers retail and professional accounts to clients who qualify.
Is there a Libertex demo account?
Yes, Libertex provides clients with a demo account that is preloaded with virtual funds to help new clients get acquainted with the broker’s platform before funding their live trading accounts with real money.
What are the Libertex spreads?
Libertex have zero spreads on all accounts and all instruments.
What is the Libertex leverage?
Libertex have leverage of up to 1:600 available for clients who qualify.
Do Libertex allow hedging, scalping, news trading & automated trading?
Yes, Libertex do not impose any specific restrictions on trading styles. Therefore, all trading strategies and styles are welcome, including automated trading, hedging, and news trading.
Is there a Libertex Islamic account?
Yes, Libertex offers an Islamic swap-free trading account option for Muslim clients who cannot pay commission fees due to their religious beliefs.
What are Libertex trading instruments?
Libertex clients can trade and invest in the following financial assets: forex, commodities, cryptocurrency, stocks, shares, indices, metals, energies, ETFs, and CFDs.
How do I open a Libertex live account?
You can open a Libertex live account by filling out the online account application form on the broker’s website. You can fill out the online form by entering your email address and password
How do I verify my Libertex account?
You can verify your Libertex account by providing proof of identification and up-to-date proof of address, no more than six months old.
What is Libertex’s trading platform?
Libertex has the popular MetaTrader 4 (MT4) trading platform and its own Libertex trading platform. The MT4 trading platform is available in desktop, web, and mobile versions.
Where can I download the Libertex platform?
You can download the Libertex trading platforms directly from the broker’s website or the relevant iOS and Android app stores.
Where is Libertex located?
Libertex is headquartered in Cyprus.
Is Libertex regulated?
Yes, Libertex is regulated and supervised by the Cyprus Securities and Exchange Commission (CySEC).
What countries does Libertex not accept?
Libertex services are not available in countries where the offer of such products is prohibited or restricted by laws.
Is Libertex a scam?
No, Libertex is not a scam. The broker is licensed by the reputable Cyprus Securities and Exchange Commission (CySEC). The broker also has a rich trading experience, being launched in 1997.
How can I contact Libertex support?
You can contact the Libertex support team 24/5 via online chat, telephone, and email from Monday to Friday.
|Broker Features||AvaTrade||IG||IC Markets|
|Regulated||ASIC, BVI, CBI, FFAJ, JFSA, FSCA, IIROC, ADGM FRSA||FCA, CFTC, NFA, BaFin, FINMA, ASIC, FMA, MAS, FSA, FSCA, DFSA, JFSA, METI, MAFF||ASIC, CySEC, FSA, SCB|
|Country||Australia, Ireland, South Africa, Japan, British Virgin Islands||Australia, UK, USA, Switzerland, UAE, Singapore, Japan||Australia, Seychelles, Bahamas, Cyprus|
|Min. Deposit||Min $250 Deposit||Min $100 Deposit||Min $200 Deposit|
|Commission||From $0||From $0||From $0|
|Instruments||Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Options, Bonds, CFDs, ETFs||Forex, Commodities, Stocks, Shares, Indices, Cryptocurrencies, Metals, Energies, Options, Bonds, ETFs, CFDs||Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Bonds, CFDs|
|Platforms||MetaTrader 4, MetaTrader 5, AvaTradeGO, AvaOptions, AvaSocial, DupliTrade, ZuluTrade, Web, Mobile||MetaTrader 4, IG Platform, IG Progressive Web App, ProRealTime (PRT), L2 Dealer, FIX API, Web, Mobile||MetaTrader 4, MetaTrader 5, cTrader, Web, Mobile|
|Type||Market Maker, STP||STP, ECN, DMA||ECN|
|Funding||Wire Transfer, Credit/Debit Card, Paypal, WebMoney, Neteller, Skrill||Wire Transfer, Credit/Debit Cards, PayPal||Wire Transfer, Credit Card, Debit Card, WebMoney, Neteller, PayPal, Skrill, FasaPay, UnionPay, Qiwi, Bpay, Poli|
|Visit Broker||Visit Broker||Visit Broker||Visit Broker|
Putting everything together, Libertex is a well establish, 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.