Libertex

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.

TRADE NOW - Minimum Trade Deposit $10

About Libertex

Libertex is an online Forex broker who has been operating since 1997 and was launched by Forex Club International Ltd. It prides itself on offering its customers an “engaging and compelling trading experience” and high levels of customer care.

The company currently serves clients from more than one hundred different countries and has won over thirty worldwide awards. Customers can take advantage of the company’s services using a range of cutting-edge, high-speed software platforms, and choose from 210 tradable assets.

Libertex offers 0 spreads and 50% commission discount for new traders. Clients can trade ETFs, oil and gas, agriculture, indices, metals, currencies, cryptocurrencies, and stocks.

What sets this Forex broker apart from its competitors is its Multiplier option, which lets traders maximise their potential profits. For example, if you select a multiplier of 20 on a £50 investment, and the asset price rises by 10%, your investment will be worth £1,000 and you will have made £100 profit.

Regulations

The online forex broker is authorised and regulated by CySEC (the Cyprus Securities and Exchange Commission) under license number 164/12.

Reliability

Libertex’s parent company, Indication Investments Ltd., is a member of the Investor Compensation Funder (ICF) and as such, clients may be entitled to compensation if the broker becomes insolvent.

With no less than thirty industry awards from financial magazines and institutions under its belt, including Best Trading Platform (FinEXPO) and Best Trading App (Forex Awards), there’s no doubt that Libertex is considered both impressive and reliable. The company also adheres to MiFID.

Trading Platforms

Libertex offers clients a choice of either its bespoke web-based software or mobile platform.

Web-Based

The company’s web-based platform saves you from the hassle of having to download and install software to your PC or laptop, and it’s particularly user-friendly and well-designed. You can either open a live trader account or a demo account.

You can filter the assets by different categories such as Top Rising, Top Falling, and Popular. There’s also a trading chart that you can display via different views such as Line, Area, and Candlesticks, plus you can alter the chart timeframes.

Mobile Platform

Both Android and iOS apps are available from the GooglePlay and iTunes stores respectively.

Account Types

You can choose between a Live Account and a Demo Account.

• The Demo Account gives you £50,000 of virtual cash to practice trading with, and there’s plenty of support documentation and educational materials available on the website for new traders.
• The Live Account requires a minimum deposit of £10, but if you wish to take full advantage of the trading platform, we recommend you deposit at least £100.
• Professional Trader accounts can be requested online, and if you qualify, you’ll benefit from negative balance protection, access to over 200 instruments, and a multiplier of up to x600.

Cryptocurrencies Trading

The fact that Libertex won Best Cryptocurrencies Broker 2017 at the Forex Awards gives you an immediate indication that this Forex broker is perfect to help you trade in cryptos.

You can choose from Bitcoin, Litecoin, Bitcoin Cash, Bitcoin Gold, Ethereum, Dash, Ripple, Ethereum Classic, IOTA, NEO, OmiseGO, QTUM, Monero, Zcash, Stratis, Tron, Nem, Stellar, Cardano, and EOS.

Due to these instruments’ popularity, the brokerage fee will reduce by 50%.

Commissions and Spreads

Libertex does not charge spreads, but commissions are charged on all executed trades. You can view the full list of commission rates on the Trading Instruments page.

Deposits and Withdrawals Options

Making deposits and withdrawals is easy, and you can choose from the following payment options:

• Visa
• MasterCard
• Skrill
• Neteller
• Giropay
• Trustly
• Sofort
• iDEAL
• Bank Wire

Withdrawal requests will process on the same day if you submit them before 2 PM on a weekday. Funds should reach you in between two to five business days.

TRADE NOW - Minimum Trade Deposit $10

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.

Customer Support

There is a searchable Knowledge Base for clients who need an instant answer to common queries and issues. You can also get in touch via online chat, telephone, post, email or online contact form.

Support Telephone: N/A
Support Email: Online Contact Form
Social Media Profiles: Facebook, Twitter

Q&A

• Is the site regulated?
Yes. The site is regulated by CySEC (the Cyprus Securities and Exchange Commission).
• How does Libertex make money?
The company makes money by charging clients two types of fees and commissions. Rollover fees are taken at the end of the trading day while transaction fees are taken once a trade has been opened.
• How to deposit
You can deposit funds into your account using Visa, MasterCard, Skrill, Neteller, Giropay, Trustly, Sofort, iDEAL or Bank Wire.
• How to withdraw
The withdrawal methods are the same as the deposit methods.
• How to open an account
To open a Live Trader account, click the orange “Register an Account” button on the homepage. If you’d prefer to get some experience in trading or the software prior to using your own funds, you can click the link titled “Or Practice on Demo Account”. Both account options require you to input various pieces of information before you can become a registered user.
• Is Libertex reliable?
Yes. The company has been operating since 1997, and is regulated by CySEC.
• Does Libertex use MetaTrader?
No. The company uses in-house trading software which is browser-based, and is also available as an Android and iOS mobile app.
• What is Libertex’s leverage?
The maximum leverage available is 1:500.