Libertex is a trading and investment software developed by Indication Investments Ltd and first released in 1997. Libertex Group was founded in 1997 and now has more than 2.9 clients and 700 staff. At the recent Forex Awards, the broker was named Best Trading Platform. The current trading web-platform is one of the broker's advantages and distinctive qualities. It has a user-friendly interface, a large amount of information, and high-quality technical equipment. You can use the terminal with all of these components. The fact that the platform's creators have been in the field of online trading and financial services for more than 20 years is a trustworthiness factor. During this period, they have established a reputation as a trustworthy broker. Libertex has garnered 40 worldwide awards for customer service and creative technology solutions from financial journals and organizations.
What exactly is Libertex?
Libertex was established in 1997 and has been providing CFD trading services to its clients ever since. This well-known trading platform has over two decades of financial market and online trading experience, with just under 2.2 million clients worldwide, including both casual traders and active seasoned investors.
Libertex works with clients from over 100 countries and offers over 250 different financial instruments. Libertex, unlike most of its competitors, maintains its brokerage services as basic and straightforward as possible. After all, this CFD broker specializes in CFD derivatives trading and offers a little more than 200 markets to choose from. This comprises a wide range of equities, cryptocurrencies, indexes, ETFs, and other financial instruments.
When compared to the amount you deposited to establish the position, trading with leverage allows you to obtain significantly more exposure to the financial market you're trading in. CFD derivatives with leverage maximize both possible earnings and losses.
Libertex allows retail traders in the United Kingdom to invest with leverage of up to 1:30. This means that a £1,000 account balance can unlock £30,000 in trading capital. Professional accounts, on the other hand, get access to the most powerful leverages available.
Libertex offers two trading platforms for its customers to choose from. Libertex's proprietary web trader platform is excellent for novice traders looking for a simple online trading platform with no complicated technical features. Advanced investors with a lot of trading knowledge, on the other hand, can use the popular MetaTrader trading suite to automate their trading with technical indicators, completely customisable charts, drawing tools, and robo-advisory services.
Pros and Cons of Libertex
What we enjoy
On certain assets, such as options and some FX pairs, trade CFD derivatives with commissions as low as 0%.
With leverage, trade crypto CFDs, FX CFDs, commodity CFDs, and more.
Indication Investments Ltd uses Libertex, which is regulated and authorized by CySEC.
A wide choice of payment options are available.
Deposit fees of 0 EUR
MT4 and MT5 trading platforms are available.
Mobile trading software with a user-friendly interface
Demo account with a 50,000 EUR paper trading balance
The web trading platform has a user-friendly layout that is suitable for new traders.
Direct access to trade signals and news in real time
What we don't care for
There aren't any technical indicators like Bollinger Bands or MACD.
There is no fundamental information available.
What Kinds of Things Can You Trade on Libertex?
To begin, keep in mind that trading on Libertex is not the same as traditional investing in the sense that you do not own the underlying asset. Instead, you trade CFD derivatives on the fundamental price of an asset like forex, stocks, ETFs, options, and more. A contract for difference, also known as a CFD, is a sort of financial derivative that allows you to trade market price movements without owning the underlying product, as previously stated.
CFD trading has a number of advantages, including the flexibility to go long or short. This indicates that if you think the price of the underlying asset will rise, you should purchase, and if you think it will fall, you should sell.
Second, trading CFDs with leverage allows you to acquire full market exposure for a little initial payment, known as margin in financial terms. Simply expressed, only a part of the position's cost must be deposited as a margin to get full market exposure.
App for mobile devices
Mobile apps for Android and iOS are available to access the Libertex platform. They may both be obtained through the Google Play Store and the Apple App Store. The app is also available for download directly from the Libertex website. For security and to improve the user experience, both Android and iOS applications are updated on a regular basis.
The fact that the app gets great ratings in both the Android and iOS app stores shows that it appeals to a wide range of tastes, as well as being well-designed and functional on all platforms. With features like easy order placement, pre-ordering, profit-taking, a stop loss feature, and live quotes, the software is straightforward and easy to use.
For mobile traders, technical analysis, recommendations, and trading signals are all available for free. The app gives you instant access to breaking financial news from the most trusted sources. A unique feature of the Libertex app is the ability to transition from demo mode to a real account with a single tap onscreen. Mobile users will always have an advantage when it comes to on-the-go trading due to the ease with which they can fund the app.
Regulation
The Cyprus Securities and Exchange Commission has authorized and regulated Libertex (CySEC). It is a well-respected government agency that assesses companies' capacity to deliver fair financial services. CySEC granted Libertex a trading license, indicating that the company may be trusted.
It's also governed by the Financial Sector Conduct Authority (FSCA), which aims to improve the efficiency and integrity of financial markets while also encouraging financial firms to treat their consumers fairly.
Methods of Payment
Libertex traders can fund their accounts using a variety of payment methods. No matter where you are on the planet, you should be able to discover a method that works for you.
Deposit
The vast majority of payment types are processed immediately. On the other hand, bank transfers can take several hours on rare circumstances. With various deposit methods, users may be charged a €1 fee. The following methods are available for making deposits on Libertex:
Credit/debit card
Transfer of funds via bank
Skrill \sSofort
Neteller
Trustly
iDEAL
GiroPay \sMultibanco
Transferring Information Quickly
P24 \sWithdrawal
Users who make a deposit using one of the ways must withdraw their funds using a different method. For further information, we recommend reading the Libertex terms and conditions.
Spreads & Commissions
Libertex is a spread-betting CFD broker. The spread differs from one trade to the next and from one asset to the next. On average, commissions on some of the most popular currency pairs (such as EURUSD) are roughly 0.008%.
Cryptocurrency pairs have spreads ranging from 0.47 percent to 2.5 percent. Commissions on stocks range from 0.1 percent to 0.2 percent. It's a good idea to study the terms and conditions to get a better understanding of how commission percentages change and what factors influence them.
Fees
There is no cost to join Libertex, and there is no monthly trading fee.
To be eligible for a professional account, clients must provide evidence of significant trading activity in the previous 12 months. Professional financial gurus will also be considered for professional accounts, depending on their level of experience.
Leverage
Leverage rates on Libertex vary based on whatever deals the user is considering. The maximum leverage allowed is 1:30. This level is commonly considered to be an industry standard among all European registered brokers, and it applies to the vast majority of forex pairings.
Types of accounts
Libertex, unlike other online brokers, claims to offer only two types of accounts: a "genuine" account and a "demo" account. Professional traders, on the other hand, have access to more leverage.
Account Demonstration
Libertex provides all of its customers with a free demo account. This allows you to hone your trading abilities and gain a better understanding of the Libertex platform before investing real money. To trade with, the account comes with a virtual amount of €50,000.
The demo account is beneficial since it allows new users to determine whether or not the platform is appropriate for them. Clients that sign up for a demo account also sign up for a real account (although they will be unable to access the real account without first making a deposit).
Demo accounts can be accessed via the web and mobile apps. Switching between demo and real mode on the Libertex website/app is simple, allowing users to take advantage of rapidly changing market conditions.
Education & Research
Libertex's one-of-a-kind trading platform includes proprietary analytics. They consist of a recommendation under the asset with no information, and they're one of the reasons Libertex's license was suspended by CySEC after the regulator determined it wasn't acting in good faith.
Charting by a Professional
For each asset, Libertex's traders have access to extensive graphing. The chart can also be viewed in full-screen mode, which allows for a more detailed analysis. This broker provides a number of free indicators and sketching tools. Chart analysis is, in most circumstances, the most important tool for making good trades.
Libertex employs one of the greatest charting systems for traders. Tradingview.com was the source of this design's inspiration. Almost every indicator and tool is available on this platform. On their own, all of the tools can be tailored to the chart or trading approach. Depending on the technique, you can choose from a variety of chart displays and time units for the analysis.
Education
Beginner traders are given a three-hour trading course broken down into simple modules. Apart from that, Libertex is devoid of a significant amount of useful educational content.
Specifications
Aside from being user-friendly, the platform includes a variety of unique tools for technical market analysis, such as charts, indicators, and timeframes. Libertex is ideal for dealers all over the world because it can display data in 16 different languages.
There are nine distinct timeframes to choose from, ranging from one minute to one month. 13 oscillators, 22 trend indicators, and 8 volatility indicators are among the 43 indicators provided.
Using the Order Management function, you may see live quotations for each instrument. You can also create a favorites list that only includes the assets you trade the most. This is useful for coping with price swings in regular trades. From the same portion of the site, you can see your order history, pending orders, and wallet balance.
In the Live Trades section, other Libertex users' trading activity are announced. This is especially important for traders who want to keep an eye on trends or perhaps copy the profitable decisions of other traders.
Customer service
Libertex's customer care can be reached by phone calls, email, Twitter, and Facebook. Libertex offers to be available 24 hours a day, 7 days a week. The FAQ section attempts to address a wide range of concerns, and Libertex offers an email response time of one business day.
Contacting info are listed below:
Phone: +35722 025100
Email: help@libertex.com
Facebook: facebook.com/libertex
Twitter: twitter.com/libertex europe
Is Libertex a secure platform?
Libertex is a CySEC-regulated online broker that is safe and secure. Libertex has adopted client money segregation, which means that if the company runs into financial difficulties, traders may rest assured that their funds would be handled independently and protected by Cypriot securities laws.
Libertex also ensures that their clients' personal information is kept safe and secure. For security reasons, Android and iOS apps are also updated on a regular basis.
Conclusion
We can conclude that this CFD broker has a lot to offer when compared to other trading platforms. It is a football team sponsor and is controlled by CySEC. There are over 200 trading markets available on Libertex. It has garnered over 30 international honors since it began operating over 23 years ago.
This broker's fee structure is fairly reasonable. It's a positive because it doesn't charge any fees for deposits and only has small, manageable withdrawal fees. The platform is well-designed and clean.
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