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Libertex Broker Review 2024

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Libertex Broker Review 2024
Auto-Trading Economic Calendar Quick-Take Profit
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Investing and trading in financial markets such as the stock exchange, forex, digital currencies in the form of spot or with leverage face a high inherent risk. According to the statistics of all exchanges and brokers, more than 75% of people lose!

Overview
Company:Libertex
Founded:Cyprus
Min Deposit:100
Max Leverage:600
Headquarter:Cyprus
US Accepted:
About
Libertex, a well-established broker since 1997, offers over 300 assets on MT4, MT5, and its proprietary platform. Regulated by CySEC, it features competitive spreads, various account types, and copy trading. While highly rated, it's unavailable in some countries and lacks extensive educational resources.
Contact
10 Agiou Athanasiou, Ksenos Building, 7th floor, Limassol 4105, Cyprus
Rank and Score
Pros and Cons
Account Types
Platforms
Pros
Tight Spreads From 0.1 Pip
Popular Trading Platforms Support
Regulated By A Tier-One Authority
Commission-Free Crypto CFD Trading
Cons
Not Available In Some Countries (e.g., US)
Limited Educational Resources
Libertex review
Libertex broker review of features, pros and cons, registration

Libertex, a broker with a legacy dating back to 1997, is known for its reliability. It offers an extensive range of over 300 underlying assets on Metatrader 4, Metatrader 5, and its proprietary platform, making it an exciting prospect for potential traders.

In addition, the broker has received more than 40 awards and operates under the supervision of CySEC, a top-tier authority.

If you're considering trading with this broker, our Libertex review will provide you with a detailed understanding of its various aspects, including its advantages and disadvantages.

Libertex Broker; Company Information & Regulation

Libertex is a leading fintech company that has been operating in the global financial markets for over 25 years.

Founded in 1997, the company has grown to serve more than 3 million clients across 120+ countries, solidifying its position as a major player in the online trading industry.

Key points about the broker:

  • Part of the Libertex Group;
  • Winner of numerous industry awards, including Best CFD Broker Europe in 2022;
  • Led by an experienced team of professionals in finance, technology, and marketing;
  • Regulated by the Cyprus Securities and Exchange Commission (CySEC).

Specifics Summary

To give you a clear overview of what Libertex offers, here's a summary of the broker's key specifics:

Broker

Libertex

Account Types

Demo, Real, Invest, MT4, MT5

Regulating Authorities

CySEC

Based Currencies

EUR, CHF, GBP, PLN

Minimum Deposit

100 EUR

Deposit Methods

E-payments, Credit/Debit Card, Bank Wire Transfer

Withdrawal Methods

E-payments, Credit/Debit Card

Minimum Order

0.01 For MetaTrader, 20 EUR For Proprietary Platform

Maximum Leverage

Up To 1:30 For Retail Clients

Up To 1:600 For Professional Accounts

Investment Options

Copy Trading

Trading Platforms & Apps

MT4, MT5, Proprietary Platform

Markets

Forex, Crypto, Commodities, Stocks, Indices

Spread

From 0.1 Pip

Commission

Depending On The Market Conditions

Orders Execution

Market, Instant

Margin Call/Stop Out

50%/10% (20% Stop Out Level For Stocks)

Trading Features

Auto-trading, Economic Calendar, Quick-Take Profit

Affiliate Program

Yes

Bonus & Promotions

None

Islamic Account

No

Pamm Account

No

Customer Support Ways

Phone Call, Email, Live Chat

Customer Support Hours

Not Stated By The Official Website

Trading Accounts

Libertex offers a suitable account structure that meets the needs of both novice and experienced traders. Here's what you need to know about the broker's trading accounts:

  • Real: used on the Libertex platform, with up to 1:30 leverage
  • Invest: suitable for zero commission fee securities trading on the proprietary platform
  • MT4, MT5 (for EU residents): used for corresponding platforms
  • Demo Account: Before committing real funds, traders can practice their strategies risk-free using Libertex's demo account

Pros And Cons At A Glance

Discussing benefits and drawbacks is critical when reviewing platforms and brokers. So, let's take a quick look at the pros and cons of trading with Libertex:

Advantages

Disadvantages

Regulated By A Tier-One Authority

Not Available In Some Countries (e.g., US)

Tight Spreads From 0.1 Pip

Limited Educational Resources

Commission-Free Crypto CFD Trading

Popular Trading Platforms Support

Sign Up & Verification Guide

You can easily complete your pre-registration phase on Libertex in a few minutes. Here's a step-by-step guide to help you sign up and verify your account:

  1. Visit the official webpage and click on the "Sign Up" button at the top of the screen.
Libertex pre-registration form
Enter the required details in the form to sign up.
  1. Enter your email address and create a suitable password. You must also confirm that you're at least 18 years old and agree to Libertex's terms and conditions, privacy policy, and cookie policy.
  2. After creating your account, fill in your personal information on the "Profile Management" section, including full name, date of birth, address, and phone number.
  3. Verify your email and phone number.

After completing your profile, verify your identity by providing related documents in the "Verification" section.

Platforms & Apps

Various platforms are available for trading on forex brokers, and two of the most popular are MT4 and MT5. Libertex covers these 2 in addition to its proprietary platform:

Proprietary Platform:

  • Web-based platform accessible from any browser;
  • Mobile app available;
  • User-friendly interface with intuitive navigation;
  • Real-time quotes and charts;
  • One-click trading functionality;
  • Plenty of risk management tools;
  • Access to a demo account.

MetaTrader 4 (MT4):

Libertex MT4
MetaTrader 4 trading platform for Libertex clients
  • World's most popular trading platform;
  • Tight spreads;
  • Commissions from 0%;
  • Available for Windows, android and iOS.

MetaTrader 5 (MT5):

  • Next-generation platform with enhanced features;
  • 12 new timeframes;
  • 38 built-in technical indicators compared to 30 in MT4;
  • Improved backtesting capabilities;
  • News feed transformed into economic calendar;
  • Available for Windows, mobile, and web;
  • Spreads and commissions similar to those on MT4.

Fees & Spreads

Libertex employs a unique pricing model that sets it apart from many other brokers in the industry. In the list below, we have a glance at their fee structure:

  • Libertex offers spreads starting from 0.1%;
  • Instead of wide spreads, the broker charges a small commission on each trade;
  • Commission rates vary depending on the instrument and market conditions;
  • Overnight fees, also known as swap rates, apply to positions held open overnight. Rates vary by instrument;
  • A small fee may be charged on accounts inactive for an extended period;
  • Most deposit methods are free;
  • Withdrawals incur a fee except for those made via PayPal or Skrill.

Payment Options

Libertex takes different approaches to deposit methods and withdrawal options. At the list below, you can see the options available for deposit:

  • E-payment systems (PayPal, Skrill, Neteller, etc.);
  • Credit/debit card (Visa, MasterCard);
  • Banking solutions;
  • Bank wire transfer.

Available methods for withdrawal:

Libertex withdrawal methods
Available options and methods for withdrawal on Libertex
  • E-payment systems (PayPal, Skrill, Neteller);
  • Bank wire transfer;
  • Credit/debit card (Visa, MasterCard).

Key Points:

  • Minimum deposit amounts may vary depending on the payment method;
  • The broker does not charge fees for deposits, except with SEPA method;
  • Withdrawal requests are typically processed within 24 hours, but actual receipt of funds depends on the payment method;
  • The brokerage encourages withdrawals to be made using the same method as the deposit for security reasons.

Copy Trade And Investment Platforms & Options

Libertex offers copy trading services to earn passive income from traders. Here are the key features based on the official website's data:

  • Totally passive income
  • Solid strategies
  • Ability to monitor trades through the account
  • Simple, user-friendly process

Tradable Markets And Instruments

Libertex offers a wide variety of assets and instruments available for trading. Here's an overview of the available options:

  • Forex (Foreign Exchange): Major currency pairs (e.g., EUR/USD, GBP/USD, USD/JPY), minor and exotic pairs available
  • Cryptocurrencies: Large market cap cryptocurrencies like Bitcoin, Ethereum, Litecoin, Solana, etc.
  • Stocks: Shares of top global companies such as Tesla, Apple, Nvidia, etc.
  • Indices: Major global indices (e.g. Dow Jones, DAX)
  • Commodities: Precious metals (Gold, Silver, Platinum), energy products (Crude Oil, Natural Gas, etc.), agricultural commodities (Coffee, Sugar, Wheat, etc. )

Overall, there are over 300 underlying assets available for trading on this broker.

Bonuses & Promotions

Forex brokers offer bonuses and promotions to attract new traders and motivate existing ones.

At the time of writing this article, the Libertex broker does not offer bonuses or promotions, but this might change in the future. So, always check for updates on the official channels and website.

Support Channels & Opening Hours

Libertex offers several different channels for contacting support, but there is a catch: It does not provide services 24/7.

Regarding response time, the website says that it usually takes 1 business day for them to respond to emails. Support channels:

  • Email: [info@libertex.com]
  • Phone number: +357 22 025 100
  • Live chat

Countries Banned From Libertex Services

Libertex restricted countries
List of Libertex broker's restricted countries and regions

This broker does not provide services in some regions and countries because of legal procedures. Here are some of the countries restricted from Libertex services:

  • United States
  • United Kingdom
  • Iran
  • North Korea
  • Russia
  • Canada

Libertex Available Tools

Some brokers offer auxiliary trading tools for users. These tools help automate the trading processes. Tools provided by Libertex:

  • Auto-Trading;
  • ChatGPT-based products on the proprietary platform;
  • Economic calendar;
  • Quick Take Profit feature.

Trust Scores and Reviews on Reputable Websites

There are websites and platforms with the goal of providing a facility for user or expert ratings. Two of the most reliable are "Trustpilot" and "REVIEWS.io". The broker's ratings on the mentioned platforms:

Libertex on trustpilot
Libertex broker users score on Trustpilot website
  • Trustpilot User Rating: 4 out of 5 based on over 2,200 reviews, over 55% of the scores are 5-star
  • REVIEWS.io User Score: 2.5/5, with more than 90 scores

Educational Materials

In fact, Libertex could perform better in this section. Compared to other brokers, it offers some limited resources for novice traders. Education section overview:

  • Lessons in the form of articles for helping beginners get started with trading
  • YouTube channel posting webinars on technical and fundamental market analyses
  • FAQ section with questions and guides related to the platform

Conclusion And Final Words

Libertex, a broker with a substantial client base of over 3 million and a regulatory license from CySEC, is a reliable choice. It has also earned a commendable score of 4 out of 5 on Trustpilot.

While it's true that this broker does not cater to certain countries, including the United States, and the United Kingdom, and its educational resources are somewhat limited, these limitations may not be a concern for you.

In such a case, Libertex broker could be a suitable option for your trading and investing needs.

FAQs

Is Libertex broker regulated?

Yes, this broker is regulated by CySEC authority.

Can I trade on Libertex from Europe?

You should check the list of restricted countries to see whether your country is there.

What trading platforms are available on Libertex?

You can trade via Metatrader 4, Metatrader 5, and the proprietary platform on the broker.

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