Libertex Review

Libertex is an online broker that lets you trade CFDs on stocks, commodities, cryptocurrencies, and more. The company has been in business for over 10 years. One of its key advantages is its unique web trading platform, which is designed for beginners. This platform has an easy-to-use interface, lots of information, and advanced features. We reviewed this broker to see if it is a great choice for investors.

🏢 Headquarters Cyprus
📅 Year founded 1997
🗺️ Regulation CySEC (Cyprus)
💻 Trading platform: Proprietary, MT4, MT5
💰 Account currency: EUR, GBP, PLN, CHF
📊 Accounts: МТ4 (Market, Market Pro), МТ5 (Market, Instant), Libertex (Demo, Real, Invest)
💵 Withdrawal options: Wire Transfer, Neteller, Skrill, Debit Card, Credit Card, PayPal
💵 Deposit options: Sofort, Wire Transfer, Neteller, iDeal, Skrill, Debit Card, Credit Card, Rapid Transfer, Giropay, PayPal, Trustly, Paysafe, Help2Pay
🚀 Minimum deposit: $100
⚖️ Leverage: 1:30 (CySEC )
☪️ Islamic account (swap free) Not Available
🎮 Demo Account Yes
💱 Spread: Floating, from 0-1 pips subject to the account type
🔧 Instruments: 300+ CFDs on stocks, indices, commodities, metals, cryptocurrencies, ETFs, and commodities
📋 Orders execution: Market Execution, Instant Execution
☎ Customer Support: 24/7
📚 Education Yes

Fees

Trading costs are one of the most important factors when evaluating an exchange because they directly affect profitability. Libertex offers Forex spreads starting at 0.1 pips or $1.00 per standard lot. The minimum CFD commission is 0.0003%, and cryptocurrency CFDs have no commission.

One often overlooked trading cost is the swap rate on leveraged overnight positions. Depending on your trading strategy, this could be the most significant fee per trade. We recommend that traders check swap rates before calculating total trading costs.

We compared Libertex’s trade commissions with those of competitors and rated each broker from low to high based on this criterion.

MT4/MT5 traders can check swap rates on their platform by following these steps:

  • Right-click on the desired symbol in the Market Watch window and select “Specification.”
  • Scroll down to see “Swap Long” and “Swap Short.”

Pros and Cons

Pros Cons
Fast registration process. Fees apply to Libertex accounts depending on the underlying asset, such as a 0.0005% fee on Forex CFDs.
Easy-to-use platform with a user-friendly interface for trading on PC, laptop, and other devices. No proprietary technology for passive investing.
Over 300 CFDs on stocks, precious metals, oil and gas, indices, and cryptocurrencies, covering almost all popular trading assets on one platform. Libertex is only available as a web version and mobile app, which does not support adding custom indicators and advisors. Algorithmic trading is not supported.
Tight spreads.
Investment account available for investing in real stocks without commission fees.

Regulation and Safety

We advise traders to check if a broker is regulated and verify their license with the regulator’s database.

Is Libertex Legit and Safe?

Libertex keeps client deposits separate from its own funds and offers negative balance protection. It follows the Financial Instruments Directive 2014/65/EU (MiFID II) and the EU 5th Anti-Money Laundering Directive.

Account Types

Libertex offers three types of accounts:

Libertex Real: This account is for the Libertex platform. It offers leverage up to 1:30 for retail clients. The commission fee starts from 0.0003% (for example, the commission fee for currency pairs CFDs is 0.005%), and the spread starts from 0.1 pips. It uses market execution, and the trade volume is indicated in the account currency.

Libertex Invest: This account is for zero-commission fee securities trading on the Libertex platform. Investors only pay the market spread.

MT4, MT5 (Libertex EU): This account is for the corresponding platforms. The minimum trade size is 0.01 lot.

Deposits and Withdrawals

Libertex does not charge fees for deposits, but there are costs for withdrawals on some payment methods. Traders should also check for any fees from third parties. To open an account, you need to deposit at least €100. The time it takes for deposits to process depends on the payment method, ranging from instant to five business days.

You can deposit money using options like Neteller, eService, PayPal, BLIK, GiroPay, Przelewy24 (Poland), Multibanco (Portugal), Skrill, Paysafecard, Sofort, Trustly, iDeal, SEPA, Visa, and MasterCard. Most deposits are instant and free, except SEPA, which takes 3-5 business days.

You can only withdraw money from verified accounts, using the same method you used to deposit. Bank wires are also an option. The available methods depend on where you live.

Withdrawals are processed within 24 hours, but withdrawals to Visa and MasterCard can take up to 5 business days.

Trading Platforms

Traders can use the MT4/MT5 trading platforms or the Libertex Platform, available as web-based and mobile options. However, Libertex doesn’t offer any add-ons for MT4/MT5. MT4 is the top choice for algorithmic trading, and MT4/MT5 includes a built-in copy trading system. The Libertex trading platform has a user-friendly interface. We appreciate the detailed information given for each underlying asset.

Research and Education

Libertex introduced a research and market reviews section, but it only has three articles. At the time of this review, there is no research available. Considering the many free and paid providers online, we don’t see this absence as a major drawback, but many competitors do offer it.

Beginner traders can find written educational content on the Libertex blog. Libertex also hosted webinars, but the last one was two years ago, and unfortunately, it doesn’t provide access to past webinars. We recommend that beginners seek education from reliable third-party sources available online for free.

Customer Support

You can get customer support through email and phone. The FAQ section answers many questions. Libertex promises to reply to emails within one business day. There is also a separate help and support section, but it would be better if it wasn’t separate from the FAQ. Having a direct line to the finance department would be an improvement.

Conclusion

Libertex is a trusted broker worth considering for its technical solutions. It appeals to gadget enthusiasts and those keen on staying current. Based on positive client reviews, we recommend this company. However, it lacks supporting tools and educational content. Despite these drawbacks, Libertex offers a choice of platforms and low trading fees, making it beneficial for both new and experienced traders looking to implement various trading strategies.

FAQs

How can I withdraw money from Libertex?

You can request withdrawals through the back-office at Libertex using methods like Skrill and PayPal.

Is Libertex a legal platform?

Yes, Libertex is registered and operates under a CySEC license.

Is Libertex trustworthy?

Yes, Libertex has years of experience, a strong regulatory history, and is part of the Libertex Group established in 1997.

Is Libertex good for beginners?

Yes, Libertex is a great option for beginners. It’s well-regulated and provides a wide range of trading instruments on popular platforms like MT4 and MT5. They also offer demo accounts, letting traders practice without using real money.

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Libertex Review