Libertex Review
What is Libertex?
Libertex was established in 1997. It is an international brand based in Cyprus that offers professional experience and customers from 110 countries. The broker has 213 tradable asset available through a reliable platform that is award-winning. This platform allows for high-speed execution of orders and market execution.
Broker: Libertex
Minimum deposit: $10
Leverage: 1:30
Regulator: CySEC
Year: 1997
Platforms: Libertex WebTrader, MT4
HQ: Cyprus
Libertex Licenses:
Indication Investments Ltd., authorized by CySEC. (Cyprus). registration number. 164/12
Overview
Libertex is a broker that offers flexible trading conditions, a variety of platforms, and pricing with a flat commission. It is a good place to research.
Negative side: Education is lacking. Proposal might be more appropriate for experienced traders.
Pros
Lots of technical analysis tools
Good Platform design
Fast withdrawals
Live quotes
Trade on over 250 underlying assets
Cons
No MetaTrader 4 or MetaTrader 5 support
Poor education section
Charges for some withdrawal methods
Rating of the company overall
Reliability ⭐⭐⭐⭐
Platform ⭐⭐⭐⭐⭐
Commissions ⭐⭐⭐⭐
Support ⭐⭐⭐⭐⭐
Financial instruments ⭐⭐⭐⭐⭐
RATING: 4.7
Libertex is it safe?
Libertex isn't a scam. It is a brand name used by Indication Investment Ltd. This is a Cyprus-based Investment Firm that is regulated and monitored by the Cyprus Securities and Exchange Commission.
It is important to verify the regulatory status when choosing a broker. A serious authority requirement creates a set rules that are governed under the MiFID in the case of Libertex. The EU authority oversees financial markets and investment service firms and ensures their reliability and compliance within the area. This allows them to offer services to all EEA countries (European Economic Area).
Compliance
This involves strict operational standards, capital maintenance that proves liability, customer protection and membership in the Investor Compensation Fund. The Libertex or licensed company guarantees that the client who trades or invests with them will follow the correct procedures. This creates peace of mind.
Instruments
You can trade Forex currency pairs and stocks, as well as metals, indices and commodities. The Libertex also allows you to trade Cryptocurrencies that are widely available to your advantage through the variety of popular and even less common pairs such as Bitcoins, Ethereum, Ripple. Monero. Dash. Stellar. Zcash. EOS. NEO and many others.
Libertex has received around 30 awards from various institutions and organizations over the years for its quality services, and especially for Cryptocurrency trading solutions.
Leverage
Because leverage can magnify your initial balance, leverage allows you to trade large amounts of money. Although leverage is a great option for many, the likelihood of losing or making profits increases as well. It is important to understand how to properly use leverage.
Libertex leverage levels are as per the European MiFID regulations. The maximum leverage level for major currencies is 1:30, 1:20 and 1:5 respectively for minor currencies, and 1:5 Cryptocurrencies.
Types of accounts
The Libertex doesn't offer many account types for retail traders. However, the Demo account opening process will firstly lead to the account opening. You can then fund the account and transfer it into live trading. Libertex is the account name. This allows you to choose between a proprietary platform or MT4 mainstay.
Libertex also offers a special account for professional traders that is completely customized and custom-designed.
Fees
Libertex charges costs using the 0 spreads at any time. The service fee is calculated as a trading Commissionthrough a specific percentagebased on your open position. You will know the exact amount you will pay when you open a trade. This is a wonderful feature for traders of all styles and experience.
Spread
Libertex does not offer spreads, but you will be charged a commission. Below is a list of popular pairs. You can also compare fees with another broker Pepperstone.
Libertex rollover
Always remember to consider rollover and overnight fee as costs. These are charged for positions that are held longer than one day and are determined by the instrument. You can also see the example of swaps in the table.
Funding Methods
Libertex funding options offer a variety of payment options, which can be accessed through the Trading Platform's client menu. There are many options to choose from.
Bank Transfer.
Cards,
ewallets include Skrill and Sofort as well as Ideal, Trusty, P24, and Neteller.
It is important to remember that not all jurisdictions are entitled to a particular payment method.
Libertex Minimum deposit
Libertex minimum deposit of $10 is required to open a trading account. Libertex only offers one type of account for retail traders. Professionals can submit accounts by confirming their status. This will allow them to access completely tailored trading conditions.
Libertex Minimum Deposit vs Other Brokers
Deposit fees
Libertex doesn't charge any commission for deposits from their side. However, make sure to check with the payment provider in the event of any additional fees. Libertex might also charge a withdrawal fee. This fee varies depending on the payment method. Skrill is free. Neteller transfers are subject to 1%, and international bank transfers are subject to 0.5%.
Options for withdrawal
Libertex There are a few differenceswhen transferring funds via Bank Transfer, Skrill or Visa card. The Libertex finance department processes withdrawal requests within one business day. However, there may be instances when the Libertex needs to verify the request for compliance and security reasons.
Trade Platforms
The Libertex trading platform is simple with a user-friendly interface and deep market analysis to help you make better decisions. Libertex, a proprietary cross-platform platform that allows trading from any device. It also includes support from third-party provider Trading Central.
The platform is an excellent choice for novice and professional traders, as it offers all the tools and functions, along with highly customizable capabilities.
Mobile trading
Libertex also has a mobile trading platform that allows you to trade with various financial assets right from your phone using the extensive charts and many trading tools. Libertex also offers MetaTrader4 if you prefer market-proven software.
Customer Support
The broker also supports you with learning materials that cover trading basics, advanced programs for experienced traders, and more.
Finally, Libertex's customer service team of over 700 employees can provide the best level of support to clients from many countries. This is evidenced by its efficiency over the past 20 years.
Conclusion
Libertex Review concluded that Libertex Review identified a company with over 20 years of experience . It also offered advanced options through its proprietary platform and a variety of trading instruments. Smartly, the trading costs are calculated not based on spreads but according the market conditions and the percentage of your trade. This means that you won't have to pay extra spreads or other charges that are difficult to calculate. Both novice and professional traders will enjoy the simple calculations and transparent costs.