Libertex Review 2020
Libertex is a regulated online broker proving clients in over 110 countries worldwide access to 244+ tradeable assets on award winning and user-friendly trading platforms.
Libertex Review 2020, Pros & Cons
- Segregated client funds
- Negative balance protection
- Investor Compensation Scheme
- Proprietary trading platform
- Trading Central
- Market sentiment indicator
- Limited account types
- Limited educational material
- Restricted leverage for non professional clients
In this detailed Libertex review, our online broker research team have covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
Libertex is not ranked in our best forex brokers, best stock brokers, best cfd brokers, best crypto brokers or best online brokers categories. You can use our free broker comparison tool to compare online brokers including Libertex.
Libertex Review: Summary
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.
Libertex is the trading platform of Indication Investments Ltd who are a member of the Forex Club group, 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.
In the 20+ years they have been operating, Libertex have been recognised by financial magazines and institutions with over 30 prestigious awards won for its customer service and innovative trading solutions. Awards include the best crypto-currencies broker 2017, 2018 and best trading app 2017, 2018 (Forex Awards).
Each and every Libertex client is treated with the same respect and provided with simple and convenient trading platforms. They offer good execution speeds, spreads from zero pips and competitive commissions.
Libertex Review: Regulation
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. This regulation helps to give clients peace of mind that they are using a reputable and trustworthy broker who must comply with strict rules and regulations.
Libertex 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.
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 Review: Countries
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. Some Libertex broker features and products mentioned within this Libertex review may not be available to traders from specific countries due to legal restrictions.
Libertex Review: Trading Platforms
Libertex offer two 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.
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.
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. The MetaTrader app is useful for those who wish to access their account and trade whilst on the go.
MT4 displays real time price quotes of trading instruments in the market watch window. Users can load charts in 9 different timeframes and place multiple order types. There is over 30+ technical indicators built in and graphical objects for analysing the charts. You can create and save chart templates for your trading strategies.
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.
Libertex Trading Platform
Libertex have their very own proprietary trading platform which is very user friendly due to its simplicity and convenience. VIa the platform, users can access all trading tools and instruments including Forex, Cryptos & CFDs.
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.
Traders 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.
There is an embedded real time news and market forecast feed displayed within the platform. There is also a section dedicated to fundamental analysis.
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.
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.
Libertex Review: Trading Tools
Libertex trading tools are built into the Libertex trading platform. Tools 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.
Libertex Review: Education
Libertex have a 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.
Libertex Review: Trading Instruments
Libertex offer traders access to trade over 244+ instruments including Forex, Stocks, Cryptocurrencies, Metals, Indices, Agriculture, Oil & Gas and ETFs.
Libertex offer a variety of major, minor and exotic currency pairs to trade.
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.
There is a selection of popular Cryptos including Bitcoin, Litecoin, Ethereum, Dash, Ripple and a range of altcoins.
Precious metals gold and silver are available to trade along with platinum, palladium and copper.
Traders 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. Includes 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.
Libertex Review: Trading Accounts & Fees
Libertex offer the retail and professional account. Leverage of up to 1:30 is available for retail clients and up to 1:600 for those who qualify as professional clients.
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.
When trading using the Libertex trading platform there is no spread but a small commission fee starting from 0.03%. The MT4 platform does include a spread. Minimum deposit required is €100.
As broker fees can vary and change, there may be additional fees that are not listed in this Libertex review. It is imperative to ensure that you check and understand all of the latest information before you open a Libertex broker account for online trading.
Libertex Review: Customer Service
Libertex offer customer support that is provided via online chat, telephone and email. Customer service is during office hours (Cyprus time) from Monday to Friday. There is also a knowledge base on the Libertex website that covers a variety of topics including funding, accounts, platforms, trading and other general questions.
Libertex Review: Deposit & Withdrawal
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. 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. Libertex 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 be opened in EUR. Currency conversion fees do not apply when using an account in your own currency.
Libertex Review: Account Opening
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.
Libertex Review: Conclusion
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 Libertex proprietary trading platform contains some very useful trading tools to assist with market analysis. Account types are limited whilst leverage is restricted for those who do not qualify as professional clients. They do have convenient funding methods along with prompt and polite support.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 83% 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.