Libertex review
Libertex review
Libertex is a CFD broker founded in 2012. Libertex is a competitive broker and has a lot to offer compared to other brokers, it accepts a wide range of payment methods in many countries and offers a wide range of instruments, it is also subject to regulation in the European Union. Overall, this is a great broker for novice traders looking for a fast platform and a low minimum deposit.
Libertex currently has 2.2 million customers from 27 countries. The company employs approximately 700 people who work out of the company's offices which are in Cyprus, the Russian Federation and Belarus.
The company provides +150 different asset classes for its clients to trade, which include 44 major, minor and exotic currency pairs; global CFD stocks including Google, Apple. Cryptocurrencies including Bitcoin, BitcoinCash and Litecoin. Commodities such as coffee, cocoa, corn, wheat and soybeans. 17 of the world's most actively traded stock indices.
Libertex Trading Platform
Libertex offers users access to a trading platform that it has developed and maintains, so it is unique. It is a web-based solution and thus requires no downloads. The platform runs well and works seamlessly in any browser with a user-friendly interface.
In addition to this custom platform, clients can use MetaTrader 4 or MetaTrader 5, two well-known trading platforms with a wide range of options and features. These platforms are available for download at libertex.com, and the broker will then offer you access after you register an account. According to online reviews, the Libertex web platform is suitable for day traders as it offers fast order execution.
Mobile apps IOS and Android
If you prefer trading on your phone, the broker also offers a mobile app for Android and iOS, rated 4* out of 5 from over 20,000 reviews. It can be easily downloaded via Google Play and the Apple App Store. In our experience, the apps are well secured and regularly updated to improve the user experience.
Trading and fees
Once you have registered and verified your account, you can deposit your funds using one of the 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, use smart orders like stop-loss and take-profit. The minimum trade size is around $20. When trading, you use leverage up to 1:30, and for cryptocurrencies leverage is limited to 1:2.
The size of the fees depends on what you want to trade, each instrument has a different spread and structure of additional fees, like overnight holding and so on. The broker also charges a fee of €10 per month for not logging into the account after 180 days for portfolios under €5,000. All fees, spreads are available on the broker's website before the actual registration.
Shares with 0% commission
Apart from trading, it also offers investments and real stocks without commissions and fees (Zero fees mean that the broker does not charge any additional fee to buy and sell, only the spread is paid on individual stocks). The broker also credits dividends without any problem.
Regulation
Libertex is regulated under license number 164/12 by the Cyprus Securities and Exchange Commission (CySEC). Libertex also has a trading license from CySEC and is therefore regulated within the EU. Under this regulation, it separates client deposits from corporate funds and offers protection against negative balances.
It should also, through regulation, comply with the Financial Instruments Directive 2014/65/EU or MiFID II and the EU's 5th Anti-Money Laundering Directive. Client deposits are then insured up to EUR 20,000.
Daily overview for trading
Libertex offers its customers a regular information service. Right in the application, the trader has an overview and information about important corporate and macroeconomic events.
You will also find an overview of important events of the trading day and dates of upcoming dividend payments and company quarterly reports.
There is also a free Technical Analysis that covers the various financial instruments that are available for trading. Libertex clients also have access to news articles from the most popular news sources around the world.
Risk warning CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 87.8% 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.
| Basic information | |
|---|---|
| Regulations |
|
| Number of instruments CFD | 5 |
| Broker type | MM |
| Customer support |
|
| Deposit from | 100 EUR/USD |
| Spreads | 1.5 EUR/USD * Spread is dated 02.01.2024 12:00, spread amount is subject to change. |
| Real Stocks and ETFs | |
| Platforms |
|
| Instruments CFD | Commodities, Share CFDs, Forex, Cryptocurrency traded as CFD, Indicies |
| Established | 1997 |
| Location | Iacovou Tompazi 1, Vashiotis Business Center, 1st Floor Office 101, Neapoli 3107, Limassol, Cyprus. |
| Phone | +357 22 025 100 |
| info@libertex.com | |
| Country | Cyprus |
Libertex review
Libertex is a CFD broker founded in 2012. Libertex is a competitive broker and has a lot to offer compared to other brokers, it accepts a wide range of payment methods in many countries and offers a wide range of instruments, it is also subject to regulation in the European Union. Overall, this is a great broker for novice traders looking for a fast platform and a low minimum deposit.
Libertex currently has 2.2 million customers from 27 countries. The company employs approximately 700 people who work out of the company's offices which are in Cyprus, the Russian Federation and Belarus.
The company provides +150 different asset classes for its clients to trade, which include 44 major, minor and exotic currency pairs; global CFD stocks including Google, Apple. Cryptocurrencies including Bitcoin, BitcoinCash and Litecoin. Commodities such as coffee, cocoa, corn, wheat and soybeans. 17 of the world's most actively traded stock indices.
Libertex Trading Platform
Libertex offers users access to a trading platform that it has developed and maintains, so it is unique. It is a web-based solution and thus requires no downloads. The platform runs well and works seamlessly in any browser with a user-friendly interface.
In addition to this custom platform, clients can use MetaTrader 4 or MetaTrader 5, two well-known trading platforms with a wide range of options and features. These platforms are available for download at libertex.com, and the broker will then offer you access after you register an account. According to online reviews, the Libertex web platform is suitable for day traders as it offers fast order execution.
Mobile apps IOS and Android
If you prefer trading on your phone, the broker also offers a mobile app for Android and iOS, rated 4* out of 5 from over 20,000 reviews. It can be easily downloaded via Google Play and the Apple App Store. In our experience, the apps are well secured and regularly updated to improve the user experience.
Trading and fees
Once you have registered and verified your account, you can deposit your funds using one of the 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, use smart orders like stop-loss and take-profit. The minimum trade size is around $20. When trading, you use leverage up to 1:30, and for cryptocurrencies leverage is limited to 1:2.
The size of the fees depends on what you want to trade, each instrument has a different spread and structure of additional fees, like overnight holding and so on. The broker also charges a fee of €10 per month for not logging into the account after 180 days for portfolios under €5,000. All fees, spreads are available on the broker's website before the actual registration.
Shares with 0% commission
Apart from trading, it also offers investments and real stocks without commissions and fees (Zero fees mean that the broker does not charge any additional fee to buy and sell, only the spread is paid on individual stocks). The broker also credits dividends without any problem.
Regulation
Libertex is regulated under license number 164/12 by the Cyprus Securities and Exchange Commission (CySEC). Libertex also has a trading license from CySEC and is therefore regulated within the EU. Under this regulation, it separates client deposits from corporate funds and offers protection against negative balances.
It should also, through regulation, comply with the Financial Instruments Directive 2014/65/EU or MiFID II and the EU's 5th Anti-Money Laundering Directive. Client deposits are then insured up to EUR 20,000.
Daily overview for trading
Libertex offers its customers a regular information service. Right in the application, the trader has an overview and information about important corporate and macroeconomic events.
You will also find an overview of important events of the trading day and dates of upcoming dividend payments and company quarterly reports.
There is also a free Technical Analysis that covers the various financial instruments that are available for trading. Libertex clients also have access to news articles from the most popular news sources around the world.
| Basic information | |
|---|---|
| Regulations |
|
| Number of instruments CFD | 5 |
| Broker type | MM |
| Customer support |
|
| Deposit from | 100 EUR/USD |
| Spreads | 1.5 EUR/USD * Spread is dated 02.01.2024 12:00, spread amount is subject to change. |
| Real Stocks and ETFs | |
| Platforms |
|
| Instruments CFD | Commodities, Share CFDs, Forex, Cryptocurrency traded as CFD, Indicies |
| Established | 1997 |
| Location | Iacovou Tompazi 1, Vashiotis Business Center, 1st Floor Office 101, Neapoli 3107, Limassol, Cyprus. |
| Phone | +357 22 025 100 |
| info@libertex.com | |
| Country | Cyprus |
Pros
- Trading school for beginners
- Free information service and technical analysis
- Regulation
- Clear fee information
Cons
- Fee of €10 per month for not logging into the account after 180 days for portfolios under €5,000
- Does not accept traders from USA and UK
- Limited number of stocks
Licences and regulation
Indication Investments Ltd. - CySEC registration no. 164/12