Libertex Broker: Expert Review

Anyone looking for a solid, reputable broker may want to have a look at Libertex. This CFD broker has been around since 2012 and has millions of clients. Many of them enjoy the flat commissions charged by the broker.

These are low, and since they do not change like spreads do traders always know how much their trades will cost. Plus, the broker has three great platforms to choose from and over 250 underlying assets. It is also regulated by the Cyprus Securities and Exchange Commission.

In the following review, we will cover everything you need to know to decide whether this trading platform is the right one for you.

Quick Look

Part of the Libertex Group, founded in 1997, Libertex is an online stock and CFD trading broker and the brand has more than 20 years of financial market and online trading experience.

Traders can take advantage of CFD trading in more than 250 assets across all the major asset classes, including currencies and cryptocurrencies, indices and individual stocks, and commodities like metals, energies, and agricultural products. Whether you are a beginning trader or a professional you will find the tools you need at Libertex to trade the markets.

Regulations

With its headquarters in the CFD friendly hub of Cyprus the broker has received its licensing and regulation from the Cyprus Securities and Exchange Commission (CySEC).

The CySEC license, number 164/12, provides further proof of the credibility of this broker with over 1 decade of online service. Regulation means the broker adheres to all the rules and laws put in place to the CFD traders, such as the segregation of funds. In fact, there are two key safety measures that clients can appreciate:

• Use of separate bank accounts that keep the firm’s operational funds and the clients' fund different.

Further sign of the quality of the broker is exhibited by all the awards won over the years, and by the positive comments found online from current and past clients.

Account Types

Libertex is somewhat unique in the CFD broker world because they offer two accounts types. The distinguishing feature between traders is their choice of platform – either MetaTrader 4 and 5, or thein-house Libertex platform. The maximum leverage for retail traders is up to 1:30.

There is also a free demo account available where traders can test out the platform to see how it functions. They can also use this account, which is funded with virtual money, to test out new strategies without risking real money.

Available Assets

There are over 250 underlying assets available to trade. These stretch across all the major asset classes. The offerings include 50 different forex pairs and dozens of commodities like crude oil and gold, plus 43 of the most popular cryptocurrencies. Libertex also offers a small range of US stocks and ETFs in addition to 19 global indices.

All these assets are traded as CFDs at Libertex. This means traders are not taking ownership of any of the assets but are simply speculating on the price changes of the underlying assets. CFDs have grown in popularity in recent years and are widely used for speculating on the financial markets.

Trading Platforms

The broker keeps things simple for traders by offering three trading platforms. One is their in-house platform, which can be accessed as a web-based platform or on a mobile device.

However, it is not possible to conduct automated trading using the Libertex platform. It is overall a very solid offering, and even won several awards in 2020 for the best trading platform. Traders will also appreciate the streaming news provided by the Company.

Those who prefer the MetaTrader 4 platform will be pleased to find that it is available. We are pretty sure that MT4 needs no introduction as it is arguably the most popular trading platform, particularly for forex trading.

It fully supports automated trading, and there are literally thousands of add-ons available to customize your charting and trading experience.

Banking

Deposits can be made in a number of ways at Libertex, including PayPal, via bank wires, credit/debit cards, and a number of e-wallets like PayPal, Giropay and Skrill. Processing times for deposits are instant, with the exception of bank wires, which can take up to five business days to be credited to the account.

There are no deposit fees. In terms of withdrawals there are fewer options, but traders can still use bank wires, credit/debit cards, PayPal, Neteller, or Skrill. The free withdrawal options is Skrill and PayPal, and the other methods incur fees that range from 0.5% to €10. Processing times for withdrawals range from immediately to 24 hours, or to five business days.

Customer Service

Customer service is provided in the same methods you have come to expect from CFD brokers, which includes telephone, email, online chat, and via a contact form. There is also a dedicated FAQ support area where most of the basic questions any client might have can be answered. The live support is offered Monday to Friday, 08:00 to 18:00 CET.

• Phone: +357 22 025 100
• Email: info@libertex.com

Sponsorship

The broker has entered a multiyear deal with Tottenham Hotspur and FC Bayern Munich as the clubs’ "Official Trading Partner".

In Conclusion

Both experienced and new traders can benefit from the trading conditions at Libertex. One area where Libertex lags behind its competitors is its education centre, which provides educational educational materials and updates occasionally. One can probably overlook this however as there are many places online to get research and trading education.

Overall, we found Libertex to be a solid broker, and with its regulatory status and over one decade of experience we can tell they are reliable.