Table of contents:
- 1 About Libertex
- 2 What trading platforms are available at Libertex?
- 2.1 Libertex Platform
- 2.2 MetaTrader 4
- 2.3 The trading conditions at Libertex
- 2.4 Opening an account with Libertex
- 2.5 The five step model at Libertex
- 2.6 The Libertex demo account
- 2.7 Training opportunities at Libertex
- 2.8 The customer service of the Online Broker
- 2.9 Conclusion
- 2.10 Is Libertex regulated?
- 2.11 What is the minimum deposit?
- 2.12 What cash tools are available?
- 2.13 What is the maximum leverage?
Libertex user-ratings: $100
- Asset varierity - 0/100/10
- Trading platform - 0/100/10
- Support - 0/100/10
- Fees - 0/100/10
- Deposit/Withdrawal - 0/100/10
Facts about the company:
- Type: Forex, Stocks and CFD Broker
- Regulation: CySEC (Cyprus), ICF (Cyprus)
- Minimum deposit: $ 100
- Demo account: Free
- Markets: 213+ Stocks, Cryptocurrencies, Forex, Metals, Indices, Agriculture, Oil, Gas, ETFs
- Leverage up to 1:600
- Low minimum deposit
- Free demo account
- Zero spreads
- Up to 50% commission discount
The online broker Libertex, with the company name Indication Investments Ltd, now has over 20 years of experience in the financial industry and currently serves over 2 million clients in more than 110 countries around the world.
The company currently employs around 700 people and, according to its own statements, is one of the leading international providers in its sector. With technologically mature high-speed platforms and a wide range of products, the online broker is of interest to many investors and traders.
The history of Libertex
Libertex was founded in 1997 and expanded in 2010 when the online broker took over 100% of the Russian forex broker Akmos Trade.
In December 2015, the online broker submitted an application to the Central Bank via the foreign exchange market of the Russian Federation to obtain the Russian forex broker license, which was initially rejected in June 2016. According to company representatives, a new application was submitted to the Central Bank after certain formalities were completed, which was approved in October 2016.
Previous awards of the Online Broker
Since its foundation more than 20 years ago, the online broker has already won 30 world-renowned awards. Awards from recognized test companies or websites are always an important indication of the seriousness and quality of the services offered. For this reason, when searching for an Online Broker you should always take a look at any awards.
Libertex has won several awards from financial magazines and institutions in the past, particularly in the areas of customer service quality and innovative technological solutions. These include “The Best Trading App” and “The Best Broker for Crypto Currencies” awards at the Forex Awards in 2017 and 2018, and Libertex has also received awards from the International Finance Commission.
Regulation of the Online Broker
The question of the regulation of an online broker also always plays a very important role. In this case, this is done by the state financial supervisory authority Cyprus Securities and Exchange Commission (short CySEC) in Cyprus. In the course of this, customer funds are segregated from the company capital, which makes it possible to secure customer deposits.
In addition, the company also has the official status of a Cypriot investment company in the ICF, the Cyprus Investment Compensation Fund. This fund protects customer deposits in the event of insolvency up to EUR 20,000 per customer.
What payment methods are available at Libertex
For interested investors who have decided to trade via Libertex, the provider offers a number of different payment methods to capitalize on their own account. For a better overview, the methods available at Libertex for deposits and withdrawals are briefly presented in table form below.
|Payment method||fee||Processing time|
|Credit / debit card||Free||Immediately|
|Instant bank transfer||Free||Immediately|
|SEPA||Free||3 – 5 days|
In addition to classic payment methods such as bank transfers, electronic payment service providers such as Skrill or Neteller can now also be used.
However, the payment options are not quite as varied as those for depositing:
|Payment method||fee||Processing time|
|Credit / debit card||1 €||15 days|
|Skrill||Free||Within 24 hours|
|SEPA||0.5% min. 2 EUR, max. 10 EUR||3 – 5 days|
|Neteller||1 %||Within 24 hours|
We will then take a closer look at the tradable instruments available from Libertex. After all, a wide range of trading instruments usually speaks for the broker. With 213 tradable assets at present, Libertex is relatively well positioned in this respect. The following table shows which instruments can be traded in detail with this provider.
The first thing to be mentioned in this context is trading in shares. With more than 50 highly volatile stocks, Libertex is comparatively well-positioned. Trading in shares is possible in various sectors. These include sectors such as telecommunications, technology, healthcare, the automotive industry, and many others. Clients can trade blue chips from the US market and the most popular stocks from Europe and Latin America.
For many investors and speculators, the offer of cryptocurrencies at Libertex is also interesting. Customers can trade popular digital currencies such as Bitcoin, Ethereum, Ripple, and Co. as CFDs. If there is more interest, all tradable cryptocurrencies of the provider can be viewed on the website. Due to the popularity of these trading instruments, brokerage fees are reduced by 50 percent.
Basically, the online broker has specialized in Forex and CFD trading. Accordingly, Libertex offers a comprehensive range of foreign exchange trading services. In addition to the classic main currency pairs, the provider also offers a wide range of cross and exotic currency pairs. If you are interested in more information, these too can be looked up at any time on the website in a clearly laid out table.
Trading with indices is also possible at Libertex. Investors can thus increase their own portfolio by investing in the American, European, or Asian economies with the highest turnover stock indices. Among the indices that can be traded on Libertex are the Dow Jones, the DAX, US SP500, or Israel TA35.
Agricultural commodities were among the first tradable instruments that could be traded on the stock exchange. At Libertex, CFDs can be traded on the agricultural commodities cocoa, sugar, coffee, sugar, soy, wheat, and corn.
But Libertex also trades metals such as gold, silver and platinum, as well as oil and natural gas.
And last but not least, Libertex clients can also include ETFs (Exchange Traded Funds) in their own portfolio and trade them. The online broker offers a choice of 10 different ETFs.
What trading platforms are available at Libertex?
After having shown the different trading instruments, we now turn to the trading platforms of the Online Broker. On the one hand, the provider offers its clients an in-house platform called “Libertex”. And on the other hand, there is also the possibility to trade via the worldwide popular trading platform MetaTrader.
With the Libertex App, the online broker provides an in-house application that allows clients to trade anytime, anywhere. The trading platform is browser-based and can be downloaded as an app from the App Store as well as from Android to the corresponding terminal device.
The minimum trading volume here is 100 euros. While the maximum leverage for retail customers is 1:30, professional customers can trade with a leverage of up to 1:600. In principle, the trading platform is clearly structured and easy to use.
As an alternative to its own trading platform, the Online Broker also offers the software MetaTrader 4 (MT4), which is considered the most popular professional platform worldwide. It allows clients to trade 43 currency pairs and 100 other trading instruments. Trades are executed without the intervention of a trader – i.e. No Dealing Desk.
The platform also provides a range of helpful analysis tools and business news to help you optimize your trading processes. Another advantage of MT4 is the compatible trading robots, which are available in the user indicators directory.
While the maximum leverage for retail clients in MetaTrader 4 is 1:30, professional clients can trade with a leverage of up to 1:500.
The trading conditions at Libertex
In the next step, we will now come to another point which plays a decisive role in the evaluation of an online broker: The trading conditions. In this context, there are basically two different types of fees that a client of Libertex has to pay. The first is the transaction fee. This is always due when a trade is opened and varies depending on the trading instrument. Furthermore, the fees also depend on the trading platform used. On the Libertex platform, for example, commissions start at as little as 0.03 percent.
In contrast to the in-house platform, the MetaTrader also has spreads, which are very narrow. For the EUR/USD currency pair, for example, the spread is 0.00007. On the Libertex website, the transaction fees for each individual instrument can be viewed in detail.
Secondly, there is the rollover fee, which is always charged at the end of a trading day (i.e. at 21:00 GMT) as interest. This can be either positive or negative. If a position is transferred from Friday to Monday, the rollover fee for CFD trading instruments is tripled.
Opening an account with Libertex
Unlike many other online brokers, Libertex does not offer a choice of different account models. Instead, there is a choice of account type, although this can be set up quickly and easily. For the general account registration, only an email address and a password are required, which can be set directly on the Libertex website.
In order to set up a live account, some additional personal data must be entered and the account must be verified. In addition, verification of the account is required. Questions regarding previous trading experience and the current financial situation must also be answered.
The five step model at Libertex
A special feature of Libertex, which distinguishes the online broker from other providers, is the five-stage model. This refers to five different so-called status levels, which depend on the number of total deposits made. The model will, therefore, be briefly described below.
|Status levels||Discount on trade commission||Customer service|
total deposit of 250 euros
total deposits of 1450 euros
total deposits of 1500 euros
|VIPtotal deposits of 5000 euros||30%||Premium customer service|
|VIP Plus total deposits of 50,000 euros||40%||Premium customer service|
As can be seen, in addition to the percentage discount, the type of customer service depends on the respective status level.
The Libertex demo account
Before you decide on a particular online broker, it is generally always advisable to test a demo version first. Libertex also offers such a demo account, which gives interested investors the opportunity to try out the offers and services of the online broker without having to take any financial risk.
A demo account is created in the same way as a live account. After successful setup, you can then trade with a virtual credit balance of 50,000 euros both on your desktop and via mobile devices.
The demo account can also continue to be used after a live account has been set up, for example to test out new strategies.
Training opportunities at Libertex
Both beginners and advanced traders in trading may also find the training and education offered by Libertex interesting. Initially, Libertex’s website will regularly publish blog articles on various topics such as forex, cryptocurrencies and trading on the stock exchange in general.
Furthermore, the online broker provides a training area with webinars, which is divided into different lessons based on each other. These can be completed one after the other and are each accompanied by explanatory texts. There are 8 lessons in total, for which you can register on the Libertex website if you are interested. Each lesson naturally deals with its own topics such as the explanation of chart analysis, fundamental analysis, and the structure of trading systems.
The customer service of the Online Broker
If you want to evaluate an online broker, customer service always plays a not negligible role. Because only a provider with correspondingly competent support can also score well at the end of the day. Especially for beginners in the field, fast and effective customer support is essential.
However, you will search in vain for a contact area and an imprint on the Libertex website. Only https://support.libertex.com has a Cypriot phone number, a support email, and a contact form where you can voice your concerns.
What is offered on the website, however, is the direct contact via Live Chat, Whatsapp, or even via Messenger.
|Support available:||no information|
|Telephone:||+357 22 025 100|
Finally, we would like to take a brief look at investors’ experiences to date with Libertex’s Internet offering. The officially regulated online broker offers its clients more than 200 different trading instruments. At the current time of writing, however, there is still some room for improvement in terms of customer support for the German-speaking market.
Since the training area does not deal in depth with essential trading content, the provider is, according to several clients, primarily recommended for investors with experience in this area.
Most asked questions:
Is Libertex regulated?
Libertex is indeed regulated. To be more precise, the Broker is regulated in Cyprus by the institution CySEC. This way, traders can trust the seriousness of the broker all around.
What is the minimum deposit?
Libertex traders can start from a minimum deposit of only 10 Euros which allows customers with a small budget to trade as well. However, the minimum deposit excludes paying via bank transfer.
What cash tools are available?
The following cash tools are offered to customers: BRNCash, ESCash, FDAXCash, NKDCash, NQCash, YMCash, ZCash.
What is the maximum leverage?
The maximum leverage for trading with Libertex is 1:600. However, this leverage is for professional traders only. Other traders have a maximum leverage of 1:30.