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What is Libertex?

 

Libertex is a trading platform used by IIL, which itself forms a part of the Libertex Group.​ The brand has been in operation since 1997, and currently serves over 2.2 million.​ With over 30 industry awards to its name, Libertex is certainly a good choice platform to trade from. As a market making CFD broker, Libertex takes the other side of the trade from you, charges commission & spreads.​ As a fully regulated online CFD broker with over 20 years in the industry, it is fair to say that Libertex is a strong brand.

Trading Platform

 

Libertex provides users with access to its own unique trading platform. It is completely web-based, and no downloads are required.

While a lot of sites make use of existing platforms (such as cTrader), Libertex has put the effort in to design an interface with user experience in mind. 

However, they have also integrated their service with Metatrader. So, in addition to their own bespoke platform, clients can also use either MetaTrader 4 (MT4) or MetaTrader 5 (MT5), two well-established trading platforms that offer a wide range of functionalities and features.

gold cfds trading at your fingertips through libertex

CFD assets

 

Libertex provides its users with the potential to trade CFDs across the following markets. However, it is worth pointing that the instruments available to you will vary dependent on your country of residence:

  • 50+ currency pairs

  • 100 stocks

  • 50+ cryptocurrencies

  • 5 metals

  • 18 indices

  • 6 agricultural assets

  • 5 oil/gas instruments

  • 10 ETFs

Spreads & commission

 

Libertex apply tight spreads across all trading instruments.

Spreads vary by asset and market, but Libertex remain competitive across most trades.

Fees

 

Libertex does not apply fees for depositing to the platform. The minimum deposit is €100. 

Withdrawals are with a small fee.
 

Leverage

Leverage rates on Libertex can change dependent on the trades considered by the user. The maximum leverage rate is 1:30. This level is generally considered an industry standard across all European regulated brokers and applies to most forex pairs.

Mobile Apps

 

The Libertex platform can be accessed via dedicated mobile apps for iOS and Android devices. These can be downloaded via the Apple App store and Google Play Store respectively.

Alternatively, users may wish to install the app direct from the Libertex website. Both Android and iOS apps are regularly updated for security purposes and to enhance the features.

The fact that the Libertex app has high ratings in both iOS and Android stores is proof positive that it has been well-designed and functions well across all operating systems.

From a design perspective, the app is clear and reliable, with full market access, the ability to pre-order, a stop loss feature, live quotes and profit taking.

One innovative feature of the Libertex app is the ability to switch from demo mode to a real account with a single tap onscreen.

Traders can fund their account via the app too.

Payment Methods

 

Libertex allows traders to fund their accounts via several different methods. Regardless of where you are in the world, you should be able to find a method that suits you.

Deposits

 

Deposits can be made on Libertex via the following methods:

  • Bank transfer

  • Debit/credit card

  • Skrill

  • Neteller

  • Sofort

  • Trustly

  • GiroPay

  • iDEAL

  • Multibanco

  • P24

  • Rapid Transfer
     

Most payment methods are processed in an instant. However, bank transfers could take several hours on occasion. Users may be charged €1 for some deposit methods. 

Withdrawals

Some payment methods (such as Sofort, Trustly, Multibanco, GiroPay and iDEAL) can only be used to fund the account.

Users who deposit funds using any of these services are required to withdraw funds via another method. For more information, we recommend reading the Libertex terms and conditions.

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Demo Account

 

Libertex provides its users with access to a demonstration account. This allows clients to hone their trading skills and investigate how the Libertex platform works before they decide to deposit any real funds.

Libertex demo accounts come with €50,000 in virtual money to trade with. Demo accounts can be accessed via web and mobile apps.

The Libertex demo account is useful because it allows new users to find out whether the platform is suited to their trading style.

When signing up for a demo account, users also sign up for a real account (although they will be unable to access the real account without first making a deposit).

It is easy to switch between demo mode and real mode on the Libertex website/within the app, allowing users to take advantage of rapidly changing market situations.

Deals & Promotions

 

Libertex is not currently offering any offers, in line with the EU (ESMA) regulatory guidelines.

Regulation & Licensing

 

Libertex is regulated and authorised by CySEC (the Cyprus Securities & Exchange Commission).

 

CySEC is a government authority which audits the ability of companies to provide fair trading and financial services. The fact that Libertex has been granted a licence to trade from CySEC means that the company is a good choice.

Additional Features

 

The Libertex platform also comes with a range of features including charts, timeframes and indicators which are useful during technical analysis of the markets. There is a choice of 10 languages to display information in, making Libertex applicable for traders in EEA.

There are 9 timeframes to choose from, ranging from one minute to one month. 43 indicators are on offer, including 22 trend indicators, 8 volatility indicators and 13 oscillators.

Users can use the Order Management feature to look at live quotes for every available instrument.

A favourites list can be customised to only include your most frequently traded assets.

This is useful for effectively managing price movements on regular trades. From the same area of the site, users can look at their order history, wallet balance and pending orders.

A Live Trades section announces the trading activities of other traders on the Libertex platform. This is particularly handy for those who want to keep an eye on trends or perhaps mirror the trading decisions of others.

Account Types

 

Libertex offer a Real Account and Demo Account.

Benefits

  • Lots of technical analysis tools

  • Good Platform design

  • Fast withdrawals

  • Live quotes

  • Trade on over 250 instruments

  • Great customer service

  • Fully regulated CFD

  • 20+ years’ experience
     

Drawbacks

  • No MetaTrader 4 or MetaTrader 5 support

  • Poor education section

  • Charges on withdrawal

 

Trading Hours

 

The Libertex platform can be accessed via web or app 24/7, 365 days a year.

While it is possible to trade at any time, it’s worth pointing out that markets aren’t necessarily open 24/7! While you’re free to log in whenever you like, trading is limited by the hours the markets you wish to trade on are open.

Let’s take the forex market as an example. The New York forex market is open between 9am and 5pm GMT. The London forex market is open between 3am and midday GMT.

The Tokyo market opens between 7pm and 4am GMT. There will always be opportunities to trade, although your trading options are time-restricted – especially if you only want to trade on a certain market.

Contact Details/Customer Support

 

Libertex customer support is available in 9 different languages. While there is a live chat option available, the customer service team will generally provide you with a reply to your query within an hour.

Contact details are as follows:

Safety and Security

 

Libertex has implemented client fund segregation.

In addition to this, Libertex is also a contributor to the ICF (Investor Compensation Fund) which covers trader deposits up to €20,000 in the event of bankruptcy.

Android and iOS apps are also regularly updated for security purposes.

Overall Libertex Review Verdict

 

As one of the world’s most established online brokers, it should come as no surprise that Libertex has a lot to offer newcomers, casual traders and experienced professionals alike.

Commission levels are attractive, and a unique platform full of features.

Accepted Countries

 

Libertex accept clients only from EEA countries

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Our Libertex Summary

Libertex is an online CFD broker which operates out of Limassol, Cyprus. This review is designed to provide details about the services offered by Libertex, including the account types on offer, the features of its trading app, and whether it is possible to practice trading with a demo account. The review will also list key comparison data (such as minimum deposit amounts, minimum trade amounts and commission among others). If you would like to know more about Libertex, read on.

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Via Libertex's website

Trust Score

97 / 100

Minimum Deposit

€100

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