Libertex Rating 2023: Online CFD Broker Rating
Libertex, a renowned broker in stock and CFD trading, has an impressive track record in the online trading sector. But what is the current opinion on Libertex? In this article, we take a closer look at the aspects that could be relevant for a decision regarding trading with Libertex.
Our Libertex Overview 2023
As a regulated online broker for shares and CFDs, Libertex scores highly for its years of experience in the industry. Over the years, the company has received many awards for its outstanding services. This recognition underscores Libertex’s trustworthiness and extensive offering, which ranges from CFDs on cryptocurrencies to CFDs on shares.
Libertex is aimed at a broad audience: both newcomers to trading and experienced traders will find suitable offers here. For newcomers, the learning resources provided and the free demo account are particularly interesting. Advanced traders will appreciate the integration of MetaTrader, a trading platform known for its versatility and functionality.
Libertex at a glance: Key facts
Libertex operates as a trading brand of Indication Investments Ltd. and has established itself in numerous countries over the years.
With its headquarters in Cyprus, the company is not only able to offer its services throughout the European Economic Area (EEA), but also in Switzerland. Libertex’s in-house trading platform serves millions of clients and is a key element of the company.
Regulation and security
A significant plus point for Libertex is its comprehensive regulation. CySEC (Cyprus Securities Exchange Commission), one of the leading financial regulators, supervises and licenses the broker, which provides additional confidence for traders.
Extensive trading offering
Libertex brings with it an impressive history, as the broker has been a staple in the trading world for years. As a regulated online CFD broker, it gives its clients access to a wide range of over 250 underlying assets. These range from CFDs on currency pairs, stocks and indices to commodities and cryptocurrencies such as Bitcoin and Ethereum, as well as ETFs.
Customer experience
Libertex stands out for its holistic customer service. Every customer, regardless of their investment amount, experiences appreciation and support. The broker’s online trading platform has won several awards and is known for its user-friendliness. In addition, Libertex scores with fast order executions, attractive spreads and competitive commission structures.
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
- Low 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 educational materials
- 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 asset. (There are tight spreads)
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%
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 can be traded currently with very low commission.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)
Opening an account with Libertex: step-by-step guide
Opening an account with Libertex is a simple and quick process. Follow the steps below to create your trading account:
- Visit website: Go to the official Libertex website.
- Fill out registration form: Click on the “Register” or “Create Account” button. Enter the required information, such as your name, email address and a password.
- Confirmation: You will receive a confirmation email at the address you provided. Click on the link contained therein to complete the registration.
- Personal data: After confirmation, you will be asked to enter further personal information to complete your account. This may include details of your financial situation, trading experience and risk tolerance.
- Upload documents: As a regulated broker, Libertex must verify the identity of its clients. So upload the required documents, such as an ID card, passport or utility bill to confirm your address.
- Deposit: Once your account is verified, you can deposit money. To do so, select your preferred payment method from the available options.
- Trade: Once you have deposited money, you can start trading immediately.
- Customer service: If you have any questions or problems during the registration process or afterwards, Libertex customer service is available to help you.
Good luck with your trading! Note that there are risks involved in trading CFDs and other derivatives and make sure you are aware of the risks before you start.
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: A first step into the trading world
For many traders, especially beginners, it is essential to familiarise themselves with the trading platform before investing real money. Libertex recognises this need and offers a demo account to provide exactly this safe environment to practice. This minimises the risk that can arise from a lack of platform knowledge – a common mistake made by inexperienced traders.
With the Libertex demo account, you can practice trading with a virtual budget of €50,000. This allows you to experience the platform in full, both on the PC and mobile. This way you can familiarise yourself with the functions and tools without risking real money.
The procedure for opening a demo account is exactly the same as for a real account. The seamless transition between the two account types allows you to switch as needed. The demo account ensures that you are adequately prepared before diving into the real trading world.
For newcomers to the trading environment, the Libertex demo account is an invaluable tool. It offers the opportunity to learn the intricacies of trading without the pressure of financial losses. It is highly recommended to use the demo account extensively, as inexperienced traders can easily lose money due to lack of knowledge and insufficient preparation.
Libertex Real Money Account: An immersion into the real trading world
With the completion of your practice phase on the Libertex demo account, you can now take the next step into the real trading world. Opening a real money account with Libertex is delightfully straightforward. However, before you transfer funds, the broker requires some additional details about you. With a minimum deposit of only 100 euros, the real money account is designed to be particularly beginner-friendly.
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.
Depositing with Libertex: A guide
- Click on “Deposit” at the top of the Libertex platform.
- Decide on a payment method and enter the necessary details.
- If this is your first deposit, we will ask you for some information about yourself and your trading background. Libertex will also need some identification documents from you.
- Libertex accounts are held in EUR by default, but can also be opened in CHF, PLN and GBP. Transactions in other currencies are converted to EUR according to the current exchange rate of your bank or payment service provider. There are no exchange fees as long as you use an account in your home currency.
- Please note that payments from third parties are not accepted. The names on your bank account and your Libertex account must be identical.
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
- Skrill
- Neteller
- Sofort
- iDeal
- P24
- Trustly
- GiroPay
- PayPal
- Paysafecard
- Multibanko
- Blik
- E-Service
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
and others.
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:
- EUR
- USD
- GBP
- JPY
- CHF
- AUD
- NZD
- CAD
and others.
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
- Nasdaq
- CAC 40
- DAX 30
- FTSE 100
and others.
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:
- Bitcoin
- Ethereum
- Ripple
- Litecoin
- Dash
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: A deeper look at security
When choosing an online broker, security is often at the top of the list. It is essential to trade in a secure environment where clients’ funds are protected. In this section, we will look at Libertex’s authentication and security standards in detail.
Libertex trustworthiness: a solid broker?
One of the reassuring features of Libertex is the segregation of client funds. This means that clients’ funds are held in separate accounts from those of the company. This is a sign of the integrity and protection the broker offers its clients, as the funds are safe in the unlikely event of the company going bankrupt.
Another crucial security feature is protection against negative balances. This gives traders the security of knowing that they cannot lose more than they originally invested.
Regulation of Libertex: A regulated broker
The fact that Libertex is regulated by the prestigious CySEC is a strong indication of its reliability. Regulatory bodies such as CySEC ensure that brokers adhere to strict standards to ensure the protection and safety of their clients’ funds.
Our final verdict on Libertex
After a thorough review of the various aspects of Libertex, we can confirm that this broker meets many of the quality standards that experienced traders expect from a leading online broker. It combines an impressive range of trading instruments with solid security measures to offer a comprehensive trading experience.
Libertex’s platform is suitable for beginners and experienced traders alike, with useful tools and analytics to support the trading process. The various payment options and efficient customer support round off Libertex’s positive overall image.
Overall, Libertex is a recommendable broker for anyone looking for a safe, feature-rich and reliable trading platform. It is worth exploring the broker’s services and experiencing the possibilities it offers for yourself.
Warning
CFDs are complex instruments and carry a high risk of losing money quickly due to the leverage effect. 77.77 % 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.