Libertex
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Popularity | |
Leverage | Up to 1:30 for retail clients, 1:600 for professional clients |
Minimum Deposit | $100 |
Regulation | CySEC |
Payment Methods | Credit/Debit Cards, Bank Transfer, PayPal, Skrill, Neteller |
Trading Assets | Forex, Stocks, Cryptocurrencies, Commodities, Indices, ETFs |
MT4 | ✅ |
MT5 | ❌ |
Spreads | Low |
Average cost: EUR/USD | 0.9 pips |
Demo Account | ✅ |
Islamic Account | ❌ |
MAM | ❌ |
PAMM | ❌ |
CopyTrading | ✅ |
ZuluTrade | ❌ |
Scalping | Yes |
Signals | ✅ |
EAs/Robots | Not Available |
Negative Balance Protection | Yes |
Deposit Fee | ❌ |
Withdrawal Fee | ❌ |
Inactivity Fee | $5 per month after 6 months of inactivity |
Year Established | 1997 |
Address | 19 Spirou Kyprianou Avenue, 4001 Limassol, Cyprus |
Contact Information | Email: [email protected], Phone: +357 22 025 100 |
Mobile Trading APP | |
Rating | ★★★★☆ [4.5] |
Website |
Pros and Cons
- Comprehensive range of trading instruments
- User-friendly trading platform
- Competitive low spreads
- Access to a wide range of educational resources
- Regulated by CySEC
- MT5 not available
- No Islamic account option
- Limited regulatory jurisdictions outside of Europe
- Inactivity fee applied
- Limited to no options for automated trading
Introduction
Libertex, a leading online brokerage firm, has been a pivotal player in the financial markets for over two decades.
Known for its user-friendly platform, extensive range of trading instruments, and robust regulatory framework, Libertex serves both novice and experienced traders.
This review delves into the myriad facets of trading, evaluating its services, platform features, asset offerings, fees, and customer support, aiming to provide a comprehensive overview for potential clients.
Discover all BonusesCompany Overview
Brief History and Achievements
- Established in 1997, the broker has grown significantly, catering to over 2.2 million clients across 110 countries.
- Recognized for its excellence with numerous industry awards, including “Best Trading Platform” and “Best Forex Broker”.
Regulation and Safety
- Regulated by CySEC, ensuring compliance with stringent EU financial regulations.
- Implements advanced security measures to protect client data and funds.
Trading Instruments
Libertex offers a vast selection of trading instruments across various markets:
- Forex: Major, minor, and exotic currency pairs.
- Stocks: Access to global stock markets, including tech giants and industry leaders.
- Cryptocurrencies: Trade popular cryptocurrencies with competitive conditions.
- Commodities: Metals, energies, and agricultural products.
- Indices: Major global indices available for trading.
Trading Platforms and Tools
Web and Mobile Platform
- Custom-built platform: Tailored to cater to traders of all levels with a focus on simplicity and efficiency.
- Mobile Trading: Seamless trading experience on iOS and Android devices with full functionality.
Features and Tools
- Charting Tools: Advanced charting capabilities with numerous technical indicators and drawing tools.
- Educational Resources: Comprehensive learning materials for traders, including tutorials, webinars, and articles.
- Demo Account: Practice trading strategies with a free demo account loaded with virtual funds.
Account Types and Opening Process
Account Types
- Standard Account: Suitable for most traders, offering access to all trading instruments and platform features.
- Professional Account: For experienced traders, offering higher leverage and additional benefits.
Opening Process
- Simplified Process: Easy account registration with verification completed within a few steps.
- Minimum Deposit: Competitive entry point for new traders.
Fees and Spreads
- Transparent Fee Structure: No hidden fees, with costs clearly outlined on their website.
- Competitive Spreads: Low spreads across major trading instruments.
Comparison Table
Instrument |
Spread |
Leverage |
EUR/USD |
0.9 pips |
1:30 |
Gold |
$0.35 |
1:20 |
BTC/USD |
$100 |
1:2 |
Payment Methods and Withdrawal Process
Payment Methods
- Wide range of payment options including credit/debit cards, bank transfers, and e-wallets like PayPal, Skrill, and Neteller.
Withdrawal Process
- Efficient Process: Quick and straightforward withdrawal process.
- No Withdrawal Fees: Libertex does not charge any fees for withdrawals, though payment providers may have their fees.
Customer Support and Service
- 24/5 Support: Access to customer support via live chat, email, and phone.
- Multilingual Support: Services offered in multiple languages to cater to a global clientele.
Educational and Research Resources
Educational Resources
- Libertex invests in trader education, offering an array of resources to support learning:
-
- Interactive courses
- In-depth tutorials
- Webinars and seminars
Research Tools
- Market analysis, trading signals, and economic calendar provided to help traders make informed decisions.
Key Takeaways
- Regulated and Secure: Libertex’s adherence to strict regulatory standards and its commitment to security instill confidence in its clients, ensuring a safe trading environment.
- Diverse Trading Instruments: The broker’s wide range of trading instruments, from forex to cryptocurrencies, provides ample opportunities for diversifying trading strategies.
- Innovative Trading Platform: Its proprietary platform, complemented by its mobile application, stands out for its user-friendly interface and comprehensive trading tools.
- Competitive Fees and Spreads: With its transparent fee structure and competitive spreads, Libertex presents an attractive proposition for cost-conscious traders.
- Education and Support: The extensive educational resources and responsive customer support underscore its commitment to trader success and satisfaction.
Conclusion
Whether you’re new to trading or an experienced investor, Libertex offers a trading experience that combines technological innovation with a rich selection of resources and support.
The broker’s dedication to transparency, security, and customer service, along with its competitive spreads and diverse market offerings, make it a strong contender in the crowded field of online brokers.
As with any investment, it’s essential to conduct thorough research and consider your financial goals and risk tolerance before trading.
The broker, with its comprehensive offerings and established track record, represents a compelling option for those seeking to navigate the financial markets.
This review aimed to provide a detailed insight into Libertex, highlighting its strengths and the value it offers to traders globally.
As the financial markets continue to evolve, its commitment to innovation and client empowerment positions it well to continue serving its clients at the highest level.
Visit official website: www.libertex.comBroker Video Summary
User Reviews
Frequently Asked Questions (FAQ)
What is the minimum deposit?
The minimum deposit for Libertex is $100, making it accessible for traders of all levels.
Is it regulated?
Yes, Libertex is regulated by the Cyprus Securities and Exchange Commission (CySEC).
Does it offer a demo account?
Yes, Libertex offers a free demo account for traders to practice their strategies without any risk.
Can I trade cryptocurrencies?
Yes, the broker offers a wide range of cryptocurrencies for trading, along with forex, stocks, commodities, and more.
What platforms does it support?
Libertex supports trading on its proprietary platform as well as MetaTrader 4 (MT4).
Are there any fees for depositing or withdrawing funds?
Libertex does not charge any fees for deposits. However, withdrawal fees may apply depending on the payment method.
How can I contact their customer support?
Its customer support can be reached via email at [email protected] or by phone at +357 22 025 100.
Resources
Our experts
This article has been written, edited and reviewed by the following members of our team:
Last update: April 27, 2024