Libertex Review 2024

Libertex review
Libertex Awards

Libertex have won numerious industry awards over the 27 years they have been operating as a financial broker. We have listed the most notable awards and mentions for Libertex below.

• EuropeanCEO Awards Best Trading Platform 2020
• FX Report Awards Best Trading Platform 2020
• FX Report Awards Best FX Broker Europe 2020
• World Finance Best Trading Platform 2020

Libertex review
Libertex Fees Explained

• Libertex withdrawal fees varies on payment method
• Libertex does not charge a fee for inactive accounts.
• Libertex doesn't charge deposit fees. A currency conversion fee may be applied as withdrawals and deposits from Libertex are conducted in USD. Any other currency will have to be converted to your local currency by your 3rd party payment provider.

Libertex Costs To Check

Modern brokers like Libertex provide advanced online trading platforms, mobile apps, financial analysis tools and educational resources. These services require significant investment, and in turn, Libertex may charge clients various fees for trading activities. Be mindful of these charges, impacting your overall Libertex trading profitability.

How Libertex Fees Compare Against Other Brokers

Libertex Minimum Deposit

Libertex requires a minimum deposit of 100 GBP/USD/EUR when opening an Libertex trading account.

A minimum deposit is the minimum amount of money required by Libertex to open a new online brokerage account with them.

Don't be scared off by brokers like Libertex charging a minimum deposit to open a trading account. Brokers charging higher minimum deposits may offer additional premium services on their platforms that are not free on other platforms.

In the trading world, brokers like Libertex, have different minimum deposit requirements based on the target audience they are trying to attract. Brokers with lower minimum deposit requirements typically cater to a more mainstream audience who don't require advanced research tools or features. On the other hand, brokers that require a larger minimum deposit often provide a greater range of trading features, more in-depth technical analysis, research tools, and better risk management features.

Some brokers may waive the minimum deposit requirement to attract new customers but may compensate for it by charging higher transaction commissions and trading fees. As the online trading market becomes more competitive, brokers have reduced their minimum deposit requirements to attract new clients.

However, it's important to note that depending on your trading account type, some brokers may require a higher minimum deposit of up to 10,000 GBP/USD. Therefore, it's essential to research and compares different brokers to determine which best suits your trading needs and budget.

Libertex Withdrawal Fees

The fees for withdrawing funds from your Libertex account will differ depending on your chosen payment method. Reviewing the fees associated with each payment method before making your Libertex withdrawal request is important.

Libertex Withdrawal rules may vary across different brokers when it comes to transferring funds from your Libertex or other broker trading account. Each brokerage firm has its specific withdrawal methods. The payment provider associated with Libertex may have different transfer processing fees and processing times, affecting how long it takes to receive your funds.

In addition, currency conversion fees may apply if the Libertex withdrawal and receiving currencies differ, adding to the overall transaction costs. The currency conversion fee depends on your base currency, receiving currency, and the 3rd party payment provider that is separate from Libertex. Researching and comparing Libertex withdrawal policies and fees across different brokers is essential before choosing one, especially if you are withdrawing Libertex funds frequently or dealing with large sums of money. Awareness of these Libertex fees and policies can help you plan and budget accordingly and avoid any unpleasant surprises when transferring your Libertex funds.

For example, Libertex allows you to withdraw your funds to Bank Wire transfer, Debit cards, Visa, MasterCard, Sofort, Skrill, Neteller, Ideal, P24, Multibanco, Rapid Transfer, Teleingreso, Neosurf.

Libertex Inactivity Fees

Libertex does not charge a fee for inactive accounts.

When a trading account goes unused for a certain period, brokerage clients may be charged an account inactivity fee. To avoid such fees, clients may need to fulfill specific trading activity requirements outlined by Libertex terms and conditions. It's important to note that inactivity fees are not unique to online trading accounts, as many financial service companies may also charge them.

Make sure you're fully aware of all Libertex fees and services. It's recommended that you check the Libertex website before signing up. If you decide to close your Libertex account, it's important to do so with the Libertex broker customer support and obtain confirmation that no remaining Libertex fees are due.

Brokers like Libertex must disclose any inactivity fees as part of their regulations. The type of account and broker you sign up for, will determine whether or not you can be charged an inactivity fee under certain circumstances.

Certain brokers may levy inactivity fees to recoup the expenses associated with sustaining your account on their trading platforms when there is a shortage of commission fees earned from your trading activities.

Libertex Deposit Fees

Libertex does not charge deposit fees. Although bank / 3rd party merchant fees may apply.

Reviewing deposit fees before initiating a transaction is imperative, as certain brokers might impose a charge for depositing funds from your payment method to your trading account. The payment method employed for funding your account might also incur a fee.

Depositing funds into your trading account may incur a fee, which could vary depending on the fiat currency used. For instance, depositing funds from a credit card can attract high fees. Additionally, not all brokers accept credit card payments for account funding. It's crucial to review the funding options and associated fees the broker provides before depositing any funds.

Libertex Commission Fees

Libertex does charge commission on CFD instruments.

Brokerage firms like Libertex may charge commission fees as compensation for executing trades on behalf of traders on their trading platforms. Commission fees can vary depending on the type of financial asset being traded and the Libertex trading account level held by the trader.

Libertex may charge commission fees for fulfilling, modifying, or canceling an order on behalf of its clients. However, if a market order is not fulfilled, no commission fee is usually charged. Reviewing Libertex terms and conditions to understand the commission fees and any other charges that may apply is essential.

Libertex review
Trading on Libertex web platforms and other applications

Libertex offer the popular MT4 forex trading platform. To see a list of the top MT4 brokers, see our comparison of MT4 brokers.

Libertex is one of a handful of brokers that offer the cTrader platform developed for traders. For a list of forex brokers that offer the cTrader platform, check out our comparison of MT4 brokers.

A Libertex iOS or Android native App on your phone or tablet will Work quicker Than the Avatrade Website on the same device.

Libertex also offer mobile apps for Android and iOS trading apps help you stay on top of your trades and execute them on the go.

See Libertex's platforms

Is the Libertex Trading Platform Secure?

You should take the security of your personal information seriously and check SSL encryption is enabled on the Libertex trading platform to protect you on PC and mobile Libertex platforms. To further enhance security, we encourage traders to always look for the lock sign on their browser when using Libertex web trading platforms.

Libertex Trading Platform Options

After logging into your Libertex account, you'll find a range of trading platform options available below.

• MetaTrader 4 (MT4)
• cTrader

Please be aware that Libertex does not currently support the MetaTrader 5 (MT5) trading platform. However, if you're looking for a broker that does offer MT5, you can check out our list of recommended brokers available through the provided link.

Let's explore each of these trading platforms in detail and what options Libertex gives you.

Libertex review
Libertex MetaTrader 4 (MT4)

Libertex MetaTrader 4 (MT4) In Detail

MetaTrader 4, commonly known as MT4, has been a well-known and widely used trading platform in the financial markets since its inception in 2005. MT4 on Libertex offers traders comprehensive features and tools to enhance their trading performance. The Libertex MT4 user-friendly interface and highly customizable trading environment allow traders to tailor the Libertex platform to their needs. One of the standout features of MT4 is its charting functionality, which allows Libertex traders to analyze price movements and make informed trading decisions. Additionally, advanced order management tools give Libertex traders greater control over their trades, allowing them to manage risk better and optimize their trading strategies on the MT4 Libertex trading platform.

MetaTrader 4 (MT4) was created mainly for Forex trading, but it can also facilitate the trading of other financial instruments via CFDs and Spread Betting. You cannot trade real assets like stocks, shares, commodities, indices and ETF's on the Libertex MetaTrader 4 (MT4) trading platform. MT4 is a platform available with Libertex, that facilitates trading financial instruments in the form of CFD contracts or Spread bets. The Libertex MT4 platform does not provide access to physical assets such as stocks, commodities, or ETFs for trading. Libertex allows trading CFDs and Spread bets, which do not involve owning underlying assets but speculating on price movements, using high risk leverage. To gain more information about the MT4 Platform, click here.

You can start using the MetaTrader 4 platform with Libertex in multiple formats including through an online web platform, Through a downloadable application for Windows PCs and Apple Macintosh computers. Libertex MetaTrader 4 is compatible with the latest macOS. Libertex allows traders to trade on mobile devices through Android and iOS devices like the iPhone.

Metatrader 4 Webtrader on Libertex

MetaTrader 4 (MT4) is a widely used trading platform in the world, offering a range of advanced tools and features. Recently, MT4 has been made available as a web-based application through a web browser, enabling traders to access the platform from anywhere.

The web version of MT4 provides the same user-friendly interface and customizable trading environment as the desktop version. With MT4 web, traders can access advanced charting tools, online trading indicators, and a Dealing Desk-free trading environment.

Additionally, traders can enjoy Raw Pricing without any intervention from brokers. Overall, MT4 web is a convenient and efficient way for traders to access the platform and manage their trades.

Trade Libertex MetaTrader 4 on iOS Devices

You can download the Libertex app or trade with Libertex through the MetaTrader 4 application on the Apple app store.

Download the Metaquotes MetaTrader 4 Program free of charge from Apple's App Store. Libertex customers have instant access to the financial market and can completely manage a Portfolio on the go.

Trade Libertex MetaTrader 4 on Android Devices

Millions of people worldwide use Android mobile devices and tablets, and Libertex offers its clients access to the MetaTrader 4 platform on these devices. With the Libertex MetaTrader 4 Android application, traders can monitor the financial markets and execute trades directly from their Android-based smartphones and tablets. This app provides access to a range of advanced trading features, allowing Libertex traders to stay on top of their trades and react quickly to changes in the market. With the Libertex MetaTrader 4 Android app, traders can securely manage their trades on the go, making it a convenient and efficient way to stay connected to the market.

Trade Libertex MetaTrader 4 Trading Central

Trading Centrals Alpha Generation Indicators available on Libertex are a powerful bundle of three major indicators designed to help traders make informed decisions. Libertex MT4 Trading Central indicators include:

• Analyst Perspectives - A valuable resource for traders seeking leadership insights and key levels.
• Adaptive Candlesticks - This indicator is capable of identifying chart patterns that highlight significant changes in demand and supply.
• Adaptive Divergence Convergence (ADC) - Similar to MACD, but with greater utility at shorter lengths, this indicator provides more timely signals.

Trading Centrals Alpha Generation Indicators can help Libertex traders better understand market trends and patterns, enabling them to make more informed trading decisions. These indicators can provide valuable insights into market movements, allowing Libertex traders to potentially stay one step ahead.

Libertex MetaTrader 4 Advanced Trading Tools

The Libertex MetaTrader 4 trading platform has advanced tools that enhance the overall trading experience and give Libertex traders detailed market tools. With feature-rich trade execution and management programs, sophisticated notification alarms, messaging facilities, innovative market data, and more, Libertex provides traders with everything they need to succeed. The Libertex MT4 platform also includes a range of technical analysis tools, with 30 indicators built in, 2000 plus free indicators, and the availability of paid indicators, allowing Libertex traders to analyze the market at any level of complexity.

Trade Libertex MetaTrader 4 MultiTerminal

MetaTrader 4 MultiTerminal offers traders an intuitive and user-friendly dashboard to manage and monitor multiple trading accounts. This powerful tool allows traders to oversee over 128 accounts simultaneously, enabling them to place market and pending orders, view real-time market prices, and track all accounts and equity in real-time.

It's important to note that MultiTerminal only supports trading accounts on the same MetaTrader server and doesn't allow automated trading scripts such as Expert Advisors.

This tool is ideal for traders who manage several accounts simultaneously and require a more efficient and effective way to track and execute trades. You can have up to 10 demo accounts on MetaTrader 4 MultiTerminal.

Libertex MetaTrader 4 AutoChartist

Autochartist on the Libertex platform is a powerful tool designed to help traders find trading opportunities quickly and easily.

Available for Libertex MetaTrader 4 Autochartist can scan the market using an expert advisor script.

With Autochartist, Libertex traders can scan multiple markets and timeframes from a single graph, making it easy to keep track of all their preferred symbols without launching multiple graphs. Using Autochartist can save Libertex users time and makes the trading process more efficient.

The Autochartist interface is user-friendly and can be customized to suit individual trading preferences. Libertex traders can navigate the platform and find the information they need to make informed trading decisions.

Libertex Autochartist is a valuable tool for traders who want to stay ahead of the curve and identify trading opportunities quickly and easily. With its powerful features and easy-to-use interface, Autochartist is an essential tool for Libertex traders of all experience levels.

Libertex review
Libertex cTrader

Libertex cTrader In Detail

Libertex cTrader is a versatile trading platform supporting Forex and CFD brokerages. With various features, it caters to every investment taste.

Libertex offers cTrader Premium Charting and Manual Trading Platform

Libertex cTrader is a top-of-the-line multi-asset trading platform that provides advanced order types, charting tools, Libertex level II pricing, and fast execution. The Libertex cTrader platform's intuitive dashboard is accessible from various devices, making it a state-of-the-art infrastructure for Libertex traders.

cTrader Copy available on Libertex

Libertex cTrader Copy empowers everyone on the Libertex platform to share their investment and trading strategies for a fee or commission. Libertex cTrader users can search and replicate the approaches available when investing. Furthermore, Libertex traders can use their risk management configurations.

cTrader Automate available on Libertex

cTrader Automate allows Libertex traders to create algorithmic trading robots to automate financial trading plans. Dealers can use cTrader's contemporary C# API to write code within the Libertex cTrader IDE, which allows developers to optimize and test their financial robots.

cTrader Open API available on Libertex

Build your Libertex trading software using cTraders Open API. It is a free, secure and publicly available API for all. Libertex developers can use cTrader's mature infrastructure to construct desktop, mobile and online software. The open API allows Libertex trading developers to interact and interface with any Libertex cTrader account.

You can learn more about the cTrader Platform Here.

Libertex Trading benefits

• Libertex Allows scalping
• Libertex Offers STP
• Libertex Low min deposit

Libertex Trading Accounts Offered

Below we give an overview of the account types that Libertex offer. Whatever you are looking to trade, the varying Libertex account types will be able to provide you with what you need.

• Libertex Demo account
• Libertex Standard account
• Libertex STP account
• Libertex Islamic account

Can I try Libertex?

Libertex provides a demo account that enables individuals to explore trading before investing their funds. By creating a Libertex practice account, users can gain experience and knowledge of how to trade effectively. Demo trading accounts like the Libertex demo account can help individuals to make informed decisions before investing their money.

Open a demo Libertex account to practice and trade.

Your capital is at risk

Libertex withdrawal and funding methods

It's essential to remember that the payment methods provided by Libertex vary based on the Libertex entity and the Libertex client's country of residence. To view the Libertex payment options available, you can log into your Libertex member's area.

Libertex offers various funding payment methods listed in your Libertex dashboard if available in your region. To learn more about the Libertex funding and withdrawal options available in your area, you can explore the Libertex website.

Libertex provides several payment methods for funding your Libertex account. You may utilize any of these deposit options if they are available in your region. Libertex ensures that users have multiple payment methods to choose from, making it more convenient for verified Libertex account holders to add funds to their accounts. However, it's important to note that the availability of payment methods may vary depending on the Libertex user's location. learn more about Libertex funding and withdrawal methods.

Libertex Payment Methods

Some Libertex payment methods are local and are available only to specific regions. Libertex account holders should check which payment methods are provided in your region.

• Libertex accepts Bank Wire transfer
• Libertex accepts Debit cards
• Libertex accepts Visa
• Libertex accepts MasterCard
• Libertex accepts Sofort
• Libertex accepts Skrill
• Libertex accepts Neteller
• Libertex accepts Ideal
• Libertex accepts P24
• Libertex accepts Multibanco
• Libertex accepts Rapid Transfer
• Libertex accepts Teleingreso
• Libertex accepts Neosurf

How can I start trading with Libertex?

To open a trading account with Libertex, individuals can sign up on the Libertex website. Upon completing the signup process, users will receive login details via email, which they can use to access their accounts.

The next step involves submitting identification documents for Libertex account validation and making a deposit. Once completed, Libertex users can download the trading platform of their choice.

It's important to note that Libertex requires users to provide essential documentation to verify their identity during onboarding and routine KYC identity checks. These checks are a standard practice that helps Libertex maintain a trustworthy financial environment for its 2,200,000 users. Detailed information on the Libertex trading platforms is available on their website.

Your capital is at risk

Performing trades with Libertex

When using Libertex, the minimum trade size is typically varies units of the base currency of the instrument being traded. However, this amount may vary based on the specific account a user has opened. Libertex have a max trade of varies. With STP execution on the Libertex platform, traders can anticipate tighter spreads and greater transparency when it comes to trade pricing.

Like other brokers, Libertex margin requirements can differ depending on the traded instrument.

CFD Trading on Libertex

We will show you an example of the basics of using Libertex leverage.

CFD trading on Libertex allows traders to speculate on the price movements of various financial instruments against the broker Libertex, without actually owning real assets. With CFDs, Libertex traders can profit from upward and downward price movements by going long (buying) or short (selling) on an asset.

Libertex provides CFDs which are leveraged products. For this example, let's assume a ten times leverage. So, if you have a $10,000 position, you only need to tie up $1,000 or a tenth of the value in your account. With high-risk leverage, a small sum controls a much bigger financial position.

The effect of leverage on profits and losses magnifies them in both directions. In other words, Libertex leverage profits and losses are magnified when trading. For instance, using CFDs, you use the Libertex trading platform to buy/sell $10,000 worth of Apple Computer Inc. If the stock rises by 10% due to positive results, your position is now worth $11,000, representing a $1,000 or 10% increase in value. This CFD trade has a 100% increase in the funds initially committed.

On the other hand, if Apple Computer Inc falls by 10%, your position worth $10,000 is now worth only $9,000, representing a $1,000 decrease. Therefore, Libertex leverage magnifies both profits and losses in trading.

Trading CFD trades on the Libertex platform can provide more flexibility than traditional market trades, allowing access to CFD fractional shares, international markets, and short selling. They are commonly used for short to medium-term trades, such as intraday CFD trading, but are high-risk due to their separation from the financial markets.

Experienced Libertex traders can trade high risk CFD trades to hedge items in their portfolio.

Always be aware that CFDs are complex instruments with a high risk of losing money rapidly due to leverage. Your capital is at risk

Education Resources at Libertex

To trade effectively with Libertex, it's important to have a good understanding of the Libertex trading tools and the markets. Make sure you make full use of all education tools. Including educational tools with Libertex and externally.

Libertex . It's essential to take the time to learn about the financial markets and understand how they move before diving into trading with Libertex. Familiarizing yourself with the Libertex trading platform is crucial to use it effectively.

While learning, you can also use global trading times to practice making live buy or sell trades using Libertex. This hands-on experience can help you gain confidence and become more comfortable with trading.

Furthermore, learning how to mitigate and manage investment risk is crucial. Trading with Libertex involves developing a strategy considering risk management techniques such as stop-loss orders, diversification, and position sizing. By effectively managing risk, you can increase your chances of success in the markets.

Learning about the financial markets, trading platforms like Libertex, and risk management techniques can help you become a more confident and successful trader.

Take an analytical approach to trading with Libertex. Explore the Libertex platform and train yourself to think systematically and logically about the markets.

While it may be a new skill set for some, it is what the market requires for success. Developing your trading skills with Libertex, before live trading.

Customer Support at Libertex

As part of our Libertex review, we review customer service options, response times and problem resolution effectiveness on the Libertex trading platform. The Libertex trading platform supports multiple languages, which includes English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian.

Libertex Available Support Types

Based on our experience, we have given Libertex a D grade for customer support. We encountered some slow response times or Libertex queries that were left unanswered.

Compared to other brokers, Libertex offers fewer customer support features. They do not provide live chat support, and their phone and email support can also be slow.

email support and supports a limited amount of Languages. Live chat support supports a limited amount of Languages. Phone support supports a limited amount of Languages.

Livechat Support at Libertex

Our team tested the live chat support of Libertex and found it to be satisfactory. While we received a response within 25 minutes on most occasions, there were instances where we did not receive a response at all.

In addition, we tested Libertex support services in various countries and languages and found that Libertex were able to effectively resolve our customer issues.

Email Support at Libertex

We tested the email support of Libertex by sending 25 emails simultaneously, and our experience was mixed. While the answer times were generally excellent, with the fastest response being 3 hours, the slowest response was 6 days. We also encountered some instances where we did not receive any Libertex response.

The Libertex team did resolve and answer our queries, but the email support from Libertex was overall average compared to other brokers we have tested.

Phone Support at Libertex

We contacted Libertex via phone and received quick assistance within 10 minutes of our call.

The Libertex phone support team proved to be helpful and able to resolve our queries and issues over the phone. We also tested the multilingual support provided by Libertex and found that they could assist us in various languages.

While we found the Libertex phone support satisfactory, there is room for improvement in response time.

See how Libertex Support Compares Against Other Brokers

What you will need to open an account with Libertex

As Libertex is regulated by Cyprus Securities and Exchange Commissions (CySec) CIF Licence number 164/12.

As a new client of Libertex, you will be required to pass a few basic compliance checks to ensure that you fully understand the risks involved in trading and are permitted to trade with Libertex in your region. During the Libertex account opening process, you will be asked to provide Libertex with certain documents, including a scanned copy of your passport, driving license or national ID, as well as a utility bill or bank statement from the past three months to verify your address.

When registering with Libertex have the following documents available.

• Libertex require a scanned colour copy of your passport, driver's license or national ID card.
• A recent utility bill or bank statement that confirms your residential address for Libertex compliance. This must be dated within the last six months.
• If you plan to fund your Libertex account using a credit or debit card, you will need to provide a scanned copy of the front and back of your card. You can mask any sensitive information like the CVV code on the Libertex platform.

It's worth noting that the expiration date of the proof of address document may differ for different entities under Libertex Brand. Additionally, you will need to answer some basic compliance questions to confirm your level of trading experience. This process usually takes around 5 minutes, and once you've passed compliance, you can start exploring Libertex's platform.

However, remember that you won't be able to make trades on Libertex until you have passed compliance, which may take several days, depending on your circumstances. It's essential to complete the Libertex KYC compliance process as soon as possible to avoid any delays in accessing the Libertex platform's features.

It is important to note that Libertex may request additional documents or information to verify your identity or comply with regulations. The account opening process usually takes a few minutes to complete, and you can start exploring the Libertex platform and features immediately. However, you must pass the verification process to start live trading with Libertex, which can take up to a few business days.

To start the process of opening an account with Libertex you can visit the Libertex trading platform here.
Your capital is at risk
You should consider whether you can afford to take the high risk of losing your money.

CFDs are leveraged products and can result in significant losses, excess of your invested capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered investment advice. All information collected from https://libertex.com on April 16, 2024.

Libertex review written by Andrew Blumer and Mark Hansen