Libertex is a trustworthy Cyprus-based brand with over two decades of existence.
- Low trading commissions — zero spreads
- Outstanding educational materials
- Low minimum deposit requirement
- User-friendly platform
- Offers MT4 and MT5
- Only one account type offered for trading
- Limited asset offerings
- Customer service can be improved
- Inactivity fee kicks in after only six months
As one of the leading brokers with a global presence, Libertex is dedicated to boosting your experience by offering some of the best trading tools in the industry. The broker also has various regulatory authorities monitoring its services, including the Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), and more.
Libertex – Who Are They?
Libertex is a forex and CFD brokerage firm that began its operations in 1997. It provides some of the best trading services, which has made it attract over 2 million clients across over 110 global countries. The broker has also won multiple awards throughout the years — a clear indication that you will enjoy your experience with it. Additionally, Libertex is a member of the Forex Club Group, based in Cyprus.
There are over 250 tradable assets at Libertex. The CFD instruments to trade are stocks, forex, commodities, cryptocurrencies, indices, and ETFs. Its platforms host special features that you cannot afford to miss out on, including automated trading and zero spreads. What’s more, the minimum deposit requirement is only $10. These low trading costs allow newbies and low-budget traders to also enjoy what it offers.
Recently, the broker launched a Libertex Portfolio account designed for committed stock investors. Unlike the standard version, Libertex Portfolio allows regular trading over an extended period. What differentiates these two accounts is that investors using Libertex Portfolio will not pay trading commissions.
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Our Opinion About Libertex
Based on our review, it is evident that Libertex offers limited assets, and you only get to trade forex and CFDs. Although the minimum deposit requirement is low, keep in mind that the broker charges a withdrawal fee when you transact using the bank transfer method. You can also make deposits and withdrawals via debit/credit cards and e-wallets.
We were also impressed by Libertex fast order execution speed and the fact that it supports various languages for easier communication. Because of the low trading costs and user-friendly features, we primarily recommend it to beginners.
The broker’s learning resources can also help you improve your skills. Moreover, you can reach out to its support service and possess all the information you may need to explore trading opportunities.
All in all, we advise you to try Libertex today, whether you are a new trader or professional. With zero spreads on its standard trading account and free commission on the Libertex Portfolio, both traders and investors will spend less while enjoying excellent resources.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75,3% of retail investor accounts lose money when trading 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
The best platform to trade on is MT4 I choose broker only with this software!
I can say that I didn’t have serious problems with Libertex. To be successful in trading with anyone broker you need to work with a strategy and follow all the criteria of safe trading. Only on this occasion then you will have a result that can be considered positive. Trading experience can tell you which brokers are the best ones for your particular needs! If you are new to trading, without experience, you need to do a bit of homework for yourself…
Few things to take in mind, people that do not know how to calculate the spread and use leverage will use their money very fast! Learn how to do it and use a demo account first, play with it and always use stop lose and take profit.
Never use the copy system if you have no clue how to trade yourself.
Traders keep making the same mistakes that they are already doing.
If you wanna be professional then take a clear postmortem of every trade by calculating what all went wrong and how you can make it better.
I have not used Libertex but I have used several other trading platforms that are really good. IC Markets, HotForex, Pepperstone, Oanda, CMC Markets are some of the trading platforms that I really liked. I would suggest you try your hands at all of them. I really like the way Pepperstone and CMC Markets work. They are great for low spreads, faster execution, and active customer service. While trading with them, you can be relaxed and sure that your money is in safe hands. I liked the platform a lot and I hope it proves worthy of your requirements too.