Libertex Broker Review

The Libertex Group was founded in 1997 and had over 2.9 clients with over 700 employees. It received an award at the Forex Awards for having the best trading platform.

The broker’s trading web platform is among its strengths and distinguishing features. The interface is user-friendly, its information is extensive, and the technical equipment is high quality. You can use all of these elements to work with the terminal.

A critical indicator of reliability is that the platform’s founders have worked in the financial services and online trading sectors for over 20 years. Their reputation as trustworthy brokers has evolved over this time. Libertex has received over 40 international awards from financial magazines and organisations for outstanding customer service and innovative technical solutions.

Since 1997, Libertex has built a reputable online CFD broker reputation. Since then, the app has attracted more than 2 million users, most traders. Compared to other brokers, Libertex has a lot to offer, including a wide range of markets, a simple and easy-to-use platform, several payment methods, and availability in many countries, including South Africa.

Traders looking for a reputed platform can count on it as an excellent choice for those who wish to trade across various industries.

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Regulation and security

The Financial Sector Conduct Authority (FSCA), which works to improve the efficiency and integrity of financial markets and encourage fair customer service, oversees financial institutions.

Fees

Libertex’s trading fees are unique in that you do not pay spreads. This is unusual amongst CFD brokers, as traditionally, spreads apply when commissions are 0%. Spreads are the differences in price between buying and selling an asset.

If a spread is 0.5%, you will have to make at least 0.5% in profits to break even. With zero-spread trading, you can potentially increase your trading returns.

Commission charges

Libertex charges a commission for CFD trading since there are no spreads when trading on its platform. The commission can range from 0% to -1.623% based on the underlying asset. When you click on an asset, you can find all the commission information on the CFD specification page or the trading terminal.

For example, in forex trading, you will have to pay a commission charge of -0.011% if you decide to trade the EURUSD pair, and you will be able to leverage up to 1:500.

Commission-free trading for CFDs and forex trading platforms is often available, but spreads apply. In contrast, Libertex facilitates zero spread trading and zero commissions and spreads for some instruments, such as options and CFDs.

Non-trading fees

The overnight finance fee, also known as the swap fee, is an added charge for keeping your position open past standard trading hours. Forex derivatives have a high level of leverage which is attractive to investors.

The swap buys and sells fees for Apple stock CFDs are -0.0302% and -0.0254%, respectively, for leaving open trades overnight.

When the client’s account is inactive (i.e., when there are no trading or open positions, no withdrawals or deposits), the company reserves the right to charge the client EUR 10 per month for account maintenance. Accounts with a balance of under 5000 euros are eligible.

Spreads

Libertex offers CFD trading and charges spreads. Different spreads depend on the asset and the trade, with an average commission of 0.008% on some of the most popular currency pairs (EURUSD).

Cryptocurrency spreads can range from 0.47% to 2.5%. Most stock commissions are between 0.1% and 0.2%. Please review the terms and conditions to know how the commission percentages change and what factors impact them. The spreads on major pairs include

• Average Standard Account Spreads on Majors
  • EUR/USD: 1.055
  • GBP/USD: 1.257
  • USD/JPY: 1.29
  • AUD/USD: 0.706

What can I trade?

Libertex offers users the opportunity to trade in the following markets. There are, however, differences between the instruments available to you based on where you reside:

• More than 50 currency pairs
• One hundred stocks
• More than 50 cryptocurrencies
• There are five metals
• There are 18 indexes
• There are six agricultural assets
• Five instruments for oil/gas exploration
• Ten ETFs.

Account types

There is a live trading account and a demo account with access to paper trading. The demo account offers a virtual account balance of £50,000.

New traders can practice trading online on a demo account is a risk-free environment that simulates live market conditions, thus familiarising themselves with the trading platform. The demo account and actual account buttons appear at the top right of the trading platform. You can switch between them by simply tapping on both.

Trading platforms

A user can access Libertex’s trading platform through their website. You can access Libertex’s trading platform online without any downloads. A user-friendly interface and smooth performance make Libertex an excellent platform for any online browser.

Libertex’s platform is fantastic and boasts fast execution times (crucial for day traders) that can help users gain an advantage over their competition. The Libertex platform, built with the user in mind, does not rely on pre-existing platforms (such as cTrader). It can be customised and adjusted to fit a particular trader’s needs.

It has, however, made Metatrader compatible with its service. In addition to MetaTrader 4 (MT4) and MetaTrader 5 (MT5), clients have access to their personalised platform and MetaTrader 4 and MetaTrader 5.

Mobile app

Mobile apps are available for Android and iOS that allow access to the Libertex platform. Users can download them via the Google Play Store and Apple App Store. Libertex also provides direct access to the app via its website.

Both Android and iOS applications are updated regularly for security reasons and to improve the user experience. The Android and iOS app stores rate the app highly, demonstrating how well it matches different tastes and how well it’s designed and works across both platforms. The software allows users to place orders quickly, pre-order, profit take, set stop-loss levels, and see live quotes.

For mobile traders, signals, technical analysis, and recommendations are free. The app allows users to read news stories from the most popular financial news sources. A unique feature of the Libertex app is converting a demo account to a real one with just one tap onscreen.

Due to its easy funding capabilities, mobile users will always be at an advantage for on-the-go trading.

Unique features

Besides the Libertex platform’s charts, timeframes, and indicators, it also offers a range of useful features for technical analysis. Libertex displays information in 16 different languages, making it suitable for traders worldwide.

From one minute to one month, there are nine different timeframes to choose from. Forty-three indicators are provided, including 22 trend indicators, eight volatility indicators, and 13 oscillators. Users can access live quotes for every instrument through the Order Management feature.

You can include only assets you trade most frequently using your favourite list. You can effectively manage price movements on regular trades by using this technique. Users can also view their order history, wallet balance, and pending orders from this same area of the website.

Libertex’s Live Trades section provides real-time information about other traders’ trading activities. People who want to keep a close eye on trends or perhaps mimic other traders’ trading decisions may find this helpful.

Research and Education

Libertex’s proprietary trading platform includes in-house analytics. Liertex does offer free-to-read education articles for users to increase their knowledge of Forex Trading.

Customer support

Customer service at Libertex is available via live chat, phone, email, Whatsapp, and Facebook Messenger. Under the Trading Info section at the libertex.com website, you will find a helpful FAQ, news, blog, educational content, CFD specifications, and an economic calendar.

If you click on the Trading Education page at Libertex, you can take a 3-hour course that teaches the basics of online investing.

Bonuses and promotions

This bonus is available for 90 days at Libertex. I do not recommend it because it forces trading. Traders can also take advantage of a loyalty program, but Libertex does not describe its benefits.

Traders should stay away from these bonuses and promotions since they are available only through the company’s South African subsidiary.

Opening an account

The steps below will guide you through getting started with Libertex.

1. Open a real-time trading account

Register with Libertex by clicking the Register button on the main page. You can open a live trading account using a mobile app or web platform by entering your email address and password. You can also create an account using your Facebook details.

2. Deposit funds

In addition to the initial deposit, you will need documents to prove your identity and residency. It usually takes three business days for newly registered accounts to be processed.

3. Start trading

You can choose from the Libertex web trading platform, the mobile app, or the MT4 or MT5 trading platforms for trading.

Choosing your preferred financial instrument from Libertex’s web platform is as simple as clicking on Sell or Buy. The trade window will populate, and you will be able to specify the trade amount and multiplier and place Take Profit/Stop Loss orders with a single click.

Minimum deposit

Traders can choose which trading tools are most convenient for them. Fortunately, the selection allows it. There is a $10 minimum investment for Libertex. The trader enters into the transaction knowing that they risk losing only the funds directly invested in the trading operation and not the entire amount available on balance.

Demo accounts don’t require replenishment, so you can learn how to use the program and trade.

Deposit and withdrawals

Libertex offers several ways for traders to fund their accounts. Regardless of where you are in the world, you should be able to find a solution that suits you.

Deposit

Payments are handled instantly for most methods of payment. On the other hand, bank transfers can occasionally take several hours. With some deposit methods, there may be a fee of €1. Here are the deposit methods Libertex accepts:

• Debit/credit card
• Bank transfer
• Skrill
• Sofort
• Neteller
• Trustly
• iDEAL
• GiroPay
• Multibanco
• Rapid Transfer
• P24

Withdrawal

The depositor must withdraw the money using a different method when they withdraw it. More details are available in the Libertex terms and conditions.

Final verdict

Libertex offers zero spreads and 0% commissions for CFD trading, an excellent option for anyone new to online trading.

Libertex is a web trading platform that is easy to use, and you can progress from the £50,000 demo account to a real account with ease. Open a Libertex account by clicking the link below to begin your online trading journey.

FAQs

1.  Can I trade with leverage on Libertex?

Libertex offers varying leverage, depending on your asset. The leverage available to professional traders is up to 1:500.

2.  Does Libertex support access to MetaTrader 4 and MetaTrader 5?

Trading assets on the web, desktop, or mobile is possible with your Libertex trading account connected to MT4 or MT5.

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