Libertex Review 2022: Online CFD Broker Review
Libertex is a stock and CFD broker and has years of experience in online trading. But what about Libertex opinions? In this article you will learn everything you need to know to decide for or against trading with the broker Libertex.
Our Libertex 2022 opinion in a nutshell
Libertex is a regulated online stock and CFD broker with a lot of experience. Libertex has been active for years and has received numerous awards for its service. With this legitimacy, it also offers a very comprehensive range, from CFD on cryptocurrencies to CFD on shares.
It is a broker that is suitable for both beginners and advanced traders. The educational material also appeals to beginners, as does its free demo account. On the other hand, it offers MetaTrader, a platform that many experienced traders appreciate and use.
Libertex: Key figures
Libertex is the trading name of Indication Investments Ltd. and operates in several countries.
Headquartered in Cyprus, the company is authorised to offer its services in the EEA area and Switzerland. Its in-house trading platform Libertex serves millions of clients.
A regulated broker
Positive in terms of regulation: The broker is regulated and authorised by the financial supervisory authority CySEC (Cyprus Securities Exchange Commission).
A broker with a very wide range of products.
Libertex has been in business for a long time and is a recognised and regulated online CFD broker that allows its clients to trade over 250 underlying assets in numerous markets, including CFDs on currencies, stocks, indices, commodities, cryptocurrencies (Bitcoin, Ethereum…) and ETFs.
All Libertex clients are treated with the same appreciation and also benefit from an award-winning and user-friendly online trading platform. They offer good execution speeds, spreads and competitive commissions.
A multi-award-winning broker
In the years of its existence, Libertex has been awarded more than 40 prestigious prizes by financial magazines and institutions, especially for its customer service and innovative trading solutions, which are often mentioned in Libertex online reviews.
Libertex reviews: Advantages and disadvantages
Like any broker, Libertex of course has advantages and disadvantages that are often mentioned in Libertex online reviews and opinions.
As an example, here are the ones most frequently mentioned by users:
Libertex opinions: the advantages
- Regulated broker
- User-friendly platform
- Minimum deposit of 100 euros
- Leverage of up to 1:30 for retail clients
- Protection against negative balance
- Responsive customer service
- Offers a demo account
- Zero commission fees for trading crypto CFDs available to retail clients on the Libertex trading platform (Tight spreads apply)
- No fees for withdrawals with Skrill or PayPal
- No fees for deposits
Libertex opinions: the disadvantages
- Limited account types
- Limited range of training courses
- Fees for withdrawals with most payment methods
- Minimum distance for the placement of orders on certain underlying assets
The Libertex fees
Unlike most online brokers, Libertex has tight spreads. Note that you pay a commission on your transactions.
The commissions charged are rather low (starts from 0.0003%) and are dependent on the underlying asset class you are trading. Also note that commissions are fixed for each underlying assetand change during the trading session. (There are tight spreads)
There are currently no commission fees for crypto CFD trading available to retail clients on the Libertex trading platform. (Tight spreads apply)
It should also be noted that swap fees may also be charged for positions held open overnight or over the weekend.
Libertex Fees for Stocks CFDs and ETFs CFDs
Libertex fees for equity CFDs and ETFs vary but generally start from 0.0003%.
Libertex Fees on Indices CFDs
Libertex fees on CFD indices also start at 0.0003%.
Libertex Fees for Foreign Exchange (Forex) CFDs
Libertex Forex CFDs fees start at 0.0003%, but for some pairs they are 0%, such as EUR/USD CFDs.
Libertex Fees for Commodities CFDs
Libertex fees vary depending on the type of commodity CFD, whether it is metals, oil or even agricultural products.
Fees for cryptocurrencies CFDs
Trading cryptocurrencies CFDs at Libertex is currently commission-free.However, remember that even experienced traders lose money when trading crypto CFDs. So make sure you can handle the potential loss of any trade in crypto CFDs.
Fee reductions at Libertex
Libertex also offers a fee reduction programme to its clients. This is because the more money the client deposits into their trading account, the more trading fee reductions and better customer services they receive.
Libertex offers three types of accounts:
- Libertex demo account (for practising trading strategies without risk).
- Real trading account (for trading CFDs)
- Investment account (for investing in real shares)
How do I open a Libertex account?
If the Libertex experience report convinces you and you would like to test the broker yourself, you should first register on the online broker’s website and open a Libertex trading account.
The account types at Libertex
Libertex, unlike some brokers, offers a range of basic accounts that will have different levels depending on the deposit. The accounts offered are the Libertex Demo account and the Real account. There is also a Pro version for the most demanding traders.
Libertex Demo Account Reviews
One of the most important requirements for most traders is to be able to test the platform before they put money to work. Although the deposit requirements for a real account are very low, it is still reassuring to be able to open a completely free demo account. This allows you to familiarise yourself with the Libertex platform and make transactions without the risk of losing your funds. In fact, small traders lose money if they do not know how to use the platform.
When you open a Libertex account, you also get a Libertex demo account, you get virtual funds of €50,000. The Libertex demo platform is available for computer and mobile traders, so you can try it out on the go.
Opening a demo account is identical to opening a real account, which we will discuss below, and you can easily switch between them at any time during your trading. In our opinion, Libertex demo is the ideal tool for getting started with the broker, especially for a beginner. This is because beginners lose money more easily if they have not had demo training before joining.
ibertex Real Account
Opening a Libertex real account is a very simple process. However, in order to deposit money, you will need to provide some additional information. A minimum deposit of only 100 euros is required, which makes it the right choice for people who are beginners and inexperienced in trading.
It should also be noted that you need to deposit at least 10% of your balance to open a position, so a recommended deposit of 100 euros is preferable.
Libertex Review: Deposits and withdrawals
Libertex offers several convenient methods to deposit and withdraw money from your trading account. Deposits are free, but withdrawal fees depend on the method used to fund the account. Processing times also depend on the payment method used.
Making a deposit on Libertex
To make a deposit into your trading account, you need to click “Deposit” at the top of the Libertex platform.
Select your payment method and enter the required information.
If this is your first deposit, you will need to answer some questions about your profile and trading experience and send in some identification documents.
Accounts can be opened in EUR. Any deposit in a currency other than EUR will be converted to EUR according to the conversion rate of your bank or payment provider. Currency conversion fees do not apply if you use an account in your own currency.
Libertex does not accept payments from third parties. All funds deposited into your trading account must be in the same name as your Libertex trading account.
The payment methods available on Libertex
There are several payment methods available for depositing funds into your Libertex trading account. These include bank transfers, credit cards and online payment systems.
All deposits are free and instant regardless of the payment method, except for bank transfers which can take 3 to 5 days.
Here is a list of the payment methods available to make a deposit:
- Credit/Debit Card
- Bank transfer
Making a withdrawal at Libertex
Traders can withdraw their funds by using any of the available payment methods used for the minimum deposit. However, not all deposit payment methods are available to make a withdrawal.
To start the withdrawal process, simply go to the “Withdraw Money” page as shown in the image below.
You then only need to enter the amount to be withdrawn and the payment method.
Withdrawal requests will be processed the same day, or the next day if made outside business hours. The withdrawal time may vary depending on the provider and payment method.
Also note that fees may apply when using certain payment methods to make a withdrawal.
- Withdrawal by credit/debit card costs €1.00 per transaction and takes 1 to 5 days.
- A bank transfer withdrawal costs 0.5% (Min €2, Max €10) and may take 3 to 5 days.
- A withdrawal via Neteller costs 1% and is executed within 24 hours.
- Only withdrawal via Skrill and PayPal is free of charge. The transaction is executed within 24 hours.
- All withdrawals from your trading account are processed in EUR.
Underlying assets available at Libertex
In our opinion, Libertex is a very comprehensive broker as it offers traders access to more than 250 underlying assets. These include CFDs on currencies, shares, indices, commodities, cryptocurrencies and ETFs.
Shares CFDs available on Libertex
At broker Libertex you will find over 50 equity CFDs, which are among the most popular and volatile on the market. Various global markets are represented, as well as different industries.
These include the blue chips of the US market and some of the most popular stocks from Europe and Latin America. Stock CFDs include Google, Amazon, Tesla, Facebook, Apple, Netflix, Airbus, BNP Paribas, EDF and many other CFDs.
The ETFs CFDs on Libertex
At Libertex, 10 ETFs CFDs are offered, which include the following:
- iShares Core U.S.Aggregate Bond ETF
- iShares MSCI Germany ETF
- iShares MSCI United Kingdom ETFs
- Vanguard FTSE Europe ETF
Libertex and Forex CFDs
In terms of Forex, Libertex offers a wide variety of almost 50 major, minor and exotic currency pairs CFDs to trade. This includes, for example, the popular EUR USD pair CFDs.
Libertex trading includes trading in the currency pairs CFDs, including:
Stock Indices CFDs
Traders can choose from 17 CFD stock indices in the American, European and Asian economies. The CFD stock indices include:
- S&P 500
- Dow Jones
- CAC 40
- DAX 30
- FTSE 100
CFDs on the dollar index (USDX) CFDs are also available for trading.
Commodities CFDs on Libertex
The online broker Libertex offers trading in numerous CFDs on commodities in several categories:
The precious metals gold and silver CFDs can be traded as well as CFDs on platinum, palladium and copper.
Agricultural CFDs include CFDs on cocoa, coffee, sugar, soybeans, wheat and corn. As well as CFDs on brent crude oil, natural gas, WTI crude oil, heating oil and light non-corrosive crude oil.
CCryptocurrencies CFDs on Libertex
There is a wide range of Libertex rates popular cryptos CFDs including:
and a number of other altcoins.
There are also CFDs on cryptocurrency crosspairs, Ethereum/Bitcoin, Litecoin/Bitcoin and many others.
Libertex Review: The available trading platforms.
Libertex offers two trading platforms, both of which have a user-friendly interface and can be used free of charge. The broker has the popular MetaTrader 4 trading platform (MT4 and MT5 version) and its own Libertex platform.
MetaTrader 4 (MT4 and MT5 version)
MT4 and the latest version of MT5 are one of the most recognised trading platforms used by traders around the world. It is known for its user-friendly interface and integrated trading tools. It is quite user-friendly to operate for inexperienced traders while offering enough features for advanced traders.
MetaTrader 4 is free and available for computers (Windows and Mac), the web and mobile devices (iOS and Android). The web version runs directly in most popular browsers and therefore does not require any software to be downloaded or installed. The MetaTrader mobile app is useful for those who want to access their account and trade on the go.
MT4 displays the prices of trading instruments in real time. Traders can load charts in 9 different time periods and place different types of orders. More than 30 technical indicators are integrated and chart objects allow you to analyse the charts. You can create and save chart templates for your trading strategies.
The platform has a large online community where users share different tools and ideas. MT4 has tabs where you can view other traders’ signals and a marketplace where you can buy additional indicators and Expert Advisors (EAs).
There is also the MetaEditor interface where users can program their own indicators and trading robots in the MQL language. The strategy tester can be used to test historical data.
Libertex proprietary trading platform: our opinion.
Libertex has its own trading platform, which is comfortable and user-friendly to operate. Users thus have access to all underlying assets via the Libertex platform.
Traders can also choose to view line charts, candlestick charts and Heiken Ashi. They can view charts over multiple time periods from one minute to one month.
A real-time feed of market information and forecasts is integrated into the platform, as is a fundamental analysis section.
In addition, the platform includes the most popular technical indicators categorised by type of volatility, trend and oscillator. It also offers a wide range of risk management tools.
You can access the trading platform on varios devices, including computers via a web browser and smartphones (Android/iOS). The mobile application is particularly useful for those who want to trade on the move from anywhere in the world where there is an internet connection.
In which countries is Libertex available?
Libertex hat Kunden in:
Austria, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovenia, Spain, Sweden, Switzerland
Opinion Libertex: Customer service
Libertex offers customer support via chat, telephone and email. Libertex customer service is available during office hours (08.00 to 18.00 CET) from Monday to Friday.
The Libertex customer service team usually responds quickly via email. For this reason, Libertex reviews are positive on this point.
If you have specific questions about trading rather than problems, you can thus consult the FAQ section of the website as a first search point. It offers useful solutions especially for inexperienced traders.
Libertex reviews: Authentication on the trading platform
Authentication standards are undoubtedly a decisive factor when choosing a broker. Let us therefore examine Libertex’s security criteria below to find out whether it is a solid broker.
Libertex Rating: Is it reputable?
Clients’ funds are held in separate accounts at other financial institutions. In this way, client funds remain separate from company funds and therefore cannot be used for other purposes, such as the company’s operating costs.
There is also protection against negative balances, which means that your account cannot fall below the original amount you traded.
Is Libertex regulated?
Libertex is the trading platform is used by Indication Investments Ltd, a Cyprus investment firm regulated, supervised and regulated by CySEC (Cyprus Securities and Exchange Commission) under licence number CIF 164/12. So there is no doubt about its regulation.
This regulation thus helps to reassure clients that they are dealing with a reputable online broker that must adhere to strict rules.
Conclusion: Our Libertex opinion, the verdict!
Our Libertex opinion is overall positive. Libertex is indeed an established, regulated and award-winning stocks and CFD broker that offers user-friendly trading platforms and a wide range of underlying assets. In particular, the Libertex platform includes very useful trading tools for market analysis.
Account types are limited and leverage is standard in accordance with ESMA standards. They have convenient payment methods and fast and efficient support.
In our opinion, the online broker Libertex can therefore suit all traders, from beginners to advanced experts. You can register on the trading platform and start trading with just a few clicks, both on the Libertex website and on the mobile app.
CFDs are complex instruments and carry a high risk of losing money quickly due to the leverage effect. 70.8 % of private investors’ accounts lose money when they trade 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.