Libertex review

Introduction of the broker Libertex

Libertex is a CFD broker established in 2012. Libertex is a competitive broker with much to offer compared to others, accepting a wide range of payment methods in many countries and providing a broad selection of instruments. It is regulated within the European Union. Overall, it is an excellent broker for beginner traders looking for a fast platform and a low minimum deposit.

Libertex currently serves 2.2 million customers from 27 countries. The company employs approximately 700 people working in offices located in Cyprus, the Russian Federation, and Belarus.

The company provides its clients access to trade +150 different asset classes, including 44 major, minor, and exotic currency pairs; global CFD stocks, including companies like Google and Apple. Cryptocurrencies such as Bitcoin, Bitcoin Cash, and Litecoin. Commodities like coffee, cocoa, corn, wheat, and soybeans. The 17 most actively traded stock indices in the world.

Libertex Trading Platform

Libertex offers users access to a trading platform developed and managed by the broker itself, making it unique. It is a web-based solution that does not require any downloads. The platform runs smoothly and works seamlessly in any browser with a user-friendly interface.

In addition to this proprietary platform, clients can use MetaTrader 4 or MetaTrader 5, two well-known trading platforms offering a wide range of features and functions. These platforms can be downloaded from the Libertex website, and access is granted after account registration. According to online reviews, the Libertex web platform is well-suited for day traders due to its fast order execution.

Mobile App for iOS and Android

If you prefer trading on your phone, the broker also offers a mobile app for Android and iOS, which has an average rating of 4* out of 5 from over 20,000 reviews. It can be easily downloaded from the Google Play Store and Apple App Store. Based on our experience, the apps are well-secured and regularly updated to improve the user experience.

Trading and Fees

Once you register and verify your account, you can deposit funds using one of the available payment methods. Most deposits are credited within minutes. On the CFD platform, you can speculate on the rise or fall of financial assets using leverage and utilize smart orders like stop-loss and take-profit. The minimum trade size is around $20. Leverage is available up to 1:30, with a limit of 1:2 for cryptocurrencies.

Fees depend on what you want to trade, as each instrument has different spreads and additional fees such as overnight holding fees. The broker also charges a €10 monthly inactivity fee after 180 days for portfolios below €5,000. All fees and spreads are available on the broker's website before registration.

Stocks with 0% Commission

Beyond trading, the broker also offers investment opportunities with real stocks without commissions or fees (zero fees mean the broker does not charge any additional fee for buying and selling; only the spread for individual stocks applies). The broker also seamlessly credits dividends.

Regulation

Libertex is regulated under license number 164/12 by the Cyprus Securities and Exchange Commission (CySEC). Libertex also holds a trading license from CySEC, making it regulated within the EU. Under this regulation, client deposits are segregated from company funds, and negative balance protection is offered.

Additionally, it complies with the 2014/65/EU directive on financial instruments (MiFID II) and the EU's 5th Anti-Money Laundering Directive. Client deposits are insured up to €20,000. For Czech traders, it is noteworthy that the broker is registered with the Czech National Bank (ČNB) for cross-border trading, operating legally in the country.

Daily Overview for Trading

Libertex provides its customers with regular information services. Directly in the app, traders can access an overview and updates on important corporate and macroeconomic events.

It also includes a daily overview of significant trading events and data on upcoming dividend payments and quarterly company reports.

Technical analysis is available for free, covering various financial instruments available for trading. Libertex clients also have access to news articles from the most popular news sources worldwide.

Libertex Reviews and User Ratings

The Libertex platform receives mixed reviews from users depending on the device and platform used. On Google Play, it boasts an excellent rating of 4.7 out of 5 stars (18,326 reviews), where users praise its user-friendly interface, broad range of instruments, and app stability.

Conversely, on the Apple App Store, the platform significantly underperforms, with a rating of only 2.4 stars from 85 reviews, where users report issues with performance and the user interface. On the independent platform Trustpilot, Libertex achieves a solid 3.9 stars from 9,464 reviews, with 61% of users giving it 5 stars, 18% expressing satisfaction with minor reservations, 8% having mixed experiences, 3% highlighting issues with fees and support, and 10% expressing significant dissatisfaction.