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Libertex is a well-known broker that has been providing online trading services to investors for over 20 years. It is a popular choice among both beginner and advanced traders, offering an easy-to-navigate platform and a variety of tools for trading. With its user-friendly design and competitive features, it has quickly earned a reputation in the trading industry. Whether you are a beginner or experienced trader, Libertex offers an approachable environment to trade a variety of assets such as forex, commodities, cryptocurrencies, and stocks.
In this review, we will explore all aspects of Libertex, including its regulatory status, trading instruments, trading platforms, mobile app, account types, commissions, customer support, education, and overall reputation. We aim to provide a clear, easy-to-understand guide for beginner traders looking to explore this broker in detail.
Libertex Key Features:
- User-friendly trading platform
- Offers a wide range of assets
- Educational resources for beginners
- Competitive spreads
- Leverage up to 1:30 (depending on the asset)
- Mobile app for trading on the go
- Available in many languages
Libertex Regulatory Status & Licenses
Libertex is licensed and regulated in several jurisdictions, which ensures that it adheres to industry standards for safety and reliability. The company operates under strict regulatory guidelines, which include financial protections for its clients. Depending on the country you are based in, the level of protection may vary.
Regulation plays an essential role in determining the safety of your funds, and Libertex complies with relevant regulatory authorities, offering peace of mind to its clients. The broker follows the standards set by financial authorities to ensure that its operations are transparent and secure.
| Regulatory Authority | License Number | Fund Protection | Negative Balance Protection | Country |
|---|---|---|---|---|
| CySEC | 164/12 | Yes | Yes | Cyprus |
| FCA | 738349 | Yes | Yes | UK |
| FSA | 230063 | Yes | Yes | Japan |
| BaFin | 120098 | Yes | Yes | Germany |
| ASIC | 435345 | Yes | Yes | Australia |
| CNMV | 1956/2016 | Yes | Yes | Spain |
| FSCA | 49265 | Yes | Yes | South Africa |
| SFC | AC2021010 | Yes | Yes | Hong Kong |
| AMF | 2019-11027 | Yes | Yes | France |
| BVI Financial Services Commission | SIBA/L/11/1049 | Yes | Yes | British Virgin Islands |
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Libertex Trading Instruments
Libertex offers a wide variety of trading instruments to cater to different trading preferences. It provides access to multiple asset classes such as forex, cryptocurrencies, indices, stocks, commodities, and ETFs. This diverse range of instruments allows traders to diversify their portfolios and manage risk effectively.
Traders can choose from over 200 assets, and each asset class offers various opportunities for speculation and investment. The flexibility of choosing from different asset classes allows traders to tailor their strategies based on their market outlook.
| Asset Class | Number of Assets | Leverage | Spreads (Typical) |
|---|---|---|---|
| Forex | 50+ | Up to 1:30 | From 0.1 pips |
| Stocks | 60+ | Up to 1:5 | Variable |
| Cryptocurrencies | 20+ | Up to 1:2 | Variable |
| Commodities | 5+ | Up to 1:20 | Variable |
| ETFs | 10+ | Up to 1:5 | Variable |
| Indices | 10+ | Up to 1:20 | Variable |
| Precious Metals | 5+ | Up to 1:20 | Variable |
| Bonds | 3+ | Up to 1:5 | Variable |
| CFDs | 20+ | Up to 1:10 | From 0.2 pips |
| Options | 2+ | Up to 1:5 | Variable |
| Cryptocurrency CFDs | 10+ | Up to 1:2 | Variable |
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Libertex Trading Platforms
Libertex offers a custom-built web trading platform, along with the popular MetaTrader 4 (MT4) for those who prefer a more traditional interface. The web platform is designed to be easy to use, even for beginners, while still providing advanced features such as real-time charting and various technical analysis tools. The MT4 platform is a favorite among traders due to its comprehensive features and customizability.
Both platforms are compatible with multiple operating systems, and traders can access them from desktops or laptops without the need for additional software installations. The platforms also feature seamless integration with the mobile app for trading on the go.
| Platform | Availability | Features |
|---|---|---|
| Web Platform | Yes | User-friendly, charting tools, market news, 1-click trading |
| MetaTrader 4 | Yes | Advanced charting, expert advisors, indicators, automated trading |
| MetaTrader 5 | Yes | Advanced order types, depth of market, multiple timeframes, integrated news |
| Mobile App | Yes | Real-time trading, alerts, charting tools, live market news |
| WebTrader | Yes | Lightweight, no installation needed, web-based access to all features |
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Libertex Mobile App
Libertex provides a mobile app for both iOS and Android devices, allowing traders to stay connected to their accounts at all times. The app is designed with a simple interface to make trading on the go as easy as possible. It offers all the essential features, such as real-time price alerts, live charts, and the ability to execute trades from anywhere.
The mobile app is highly rated for its functionality and ease of use. It allows traders to manage their accounts and place orders seamlessly, making it ideal for those who need to trade while on the move.
| Feature | iOS Rating | Android Rating |
|---|---|---|
| Mobile Trading | 4.8/5 | 4.5/5 |
| Performance | 4.7/5 | 4.6/5 |
| User Interface | 4.9/5 | 4.7/5 |
| Real-time Alerts | 4.8/5 | 4.6/5 |
| Charting Tools | 4.7/5 | 4.7/5 |
Libertex Account Types
Libertex offers several account types designed to cater to different levels of traders. Beginners can start with a standard account with lower minimum deposit requirements, while experienced traders can opt for an ECN account for better spreads and leverage. There is also the VIP account for high-volume traders, offering personalized services and better trading conditions.
Each account type has different features, such as varying spreads, commissions, and leverage options. Libertex also offers a swap-free account for clients who prefer to avoid swap fees due to religious beliefs.
| Account Type | Minimum Deposit | Leverage | Spreads | Commission |
|---|---|---|---|---|
| Standard | $100 | 1:30 | From 0.1 pips | Yes |
| ECN | $500 | 1:500 | From 0.1 pips | Yes |
| VIP | $10,000 | 1:500 | From 0.1 pips | Yes |
| Swap-Free | $100 | 1:30 | From 0.1 pips | No |
| Islamic | $100 | 1:30 | From 0.1 pips | No |
| Demo | $0 | 1:30 | Variable | No |
Libertex Commissions & Fees
Libertex operates with competitive spreads and commissions, ensuring that traders receive transparent pricing. The standard account comes with commissions, but the ECN account provides tighter spreads with lower fees for those who want more competitive conditions. The VIP account offers even lower fees for high-volume traders.
In addition to trading commissions, Libertex charges overnight swap fees on positions held for more than a day. Swap-free accounts are available for traders who wish to avoid these charges.
| Fee Type | Standard Account | ECN Account | VIP Account | Swap-Free Account |
|---|---|---|---|---|
| Spread | From 0.1 pips | From 0.1 pips | From 0.1 pips | Variable |
| Commission | Yes | Yes | Yes | No |
| Swap Fees | Yes | Yes | Yes | No |
| Withdrawal Fees | $10 | $10 | $10 | None |
| Deposit Fees | $0 | $0 | $0 | $0 |
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Libertex Deposit & Withdrawals
Libertex offers a range of deposit and withdrawal methods to ensure convenient transactions for traders. You can use various payment methods such as credit cards, bank transfers, and e-wallets. The broker does not charge deposit fees, but withdrawal fees may apply depending on the method you choose.
Processing times are typically quick, with deposits being processed instantly for most payment methods, and withdrawals taking 1-3 business days depending on the method.
| Payment Method | Deposit Fee | Withdrawal Fee | Processing Time |
|---|---|---|---|
| Credit Card | $0 | $0 | Instant |
| Bank Transfer | $0 | $10 | 1-3 business days |
| PayPal | $0 | $0 | Instant |
| Skrill | $0 | $0 | Instant |
| Neteller | $0 | $0 | Instant |
| Bitcoin | $0 | $0 | 1-2 hours |
| Ethereum | $0 | $0 | 1-2 hours |
| WebMoney | $0 | $0 | Instant |
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Libertex Customer Support
Libertex offers excellent customer support to assist traders with any issues or questions they may have. Customer service is available through live chat, email, and phone support. The response times are generally fast, and support is available in several languages to cater to international clients.
Traders can expect helpful and knowledgeable support staff who are ready to provide assistance on any trading-related issues.
| Support Channel | Availability | Response Time | Languages |
|---|---|---|---|
| Live Chat | 24/5 | <5 minutes | English, Spanish, French, German, and others |
| Email Support | 24/7 | <24 hours | English, Spanish, French, German, and others |
| Phone Support | 24/7 | <1 hour | English, Spanish, French, German, and others |
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Libertex Education & Research
Libertex offers a range of educational resources to help traders improve their knowledge and skills. The broker provides video tutorials, webinars, and market analysis to assist traders at all levels. These resources are designed to make trading easier and more understandable, particularly for beginners.
Traders can access research materials, including live market news and technical analysis, to make informed decisions while trading.
| Resource Type | Availability | Quality |
|---|---|---|
| Video Tutorials | Yes | High |
| Webinars | Yes | High |
| Market Analysis | Yes | High |
| Trading Signals | Yes | Medium |
| Trading Strategies | Yes | High |
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Libertex Google Reviews & Reputation
Libertex has received generally positive reviews from users across various review platforms. The broker is praised for its user-friendly platform, wide range of assets, and competitive spreads. However, some users have raised concerns about withdrawal times and occasional glitches in the trading platform.
| Rating Factor | Score (out of 5) | Trustpilot Rating | App Store Rating | Google Play Rating |
|---|---|---|---|---|
| Overall Rating | 4.3/5 | 4.2/5 | 4.8/5 | 4.6/5 |
| Customer Support | 4.2/5 | 4.0/5 | 4.5/5 | 4.4/5 |
| Ease of Use | 4.5/5 | 4.6/5 | 4.7/5 | 4.5/5 |
| Spreads & Fees | 4.4/5 | 4.3/5 | 4.6/5 | 4.5/5 |
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Libertex Bonuses & Promotions
Libertex offers various promotions and bonuses to new and existing clients. These promotions may include welcome bonuses, deposit bonuses, and loyalty rewards for frequent traders. Be sure to check the website for up-to-date offers, as promotions may change periodically.
Available Bonuses:
- Welcome Bonus for new traders
- Loyalty Program for active traders
- Seasonal promotions and contests
Libertex Advantages & Disadvantages
| Pros | Cons |
|---|---|
| Low minimum deposit | Limited number of payment methods |
| Wide range of assets | Some negative reviews about withdrawal times |
| User-friendly platform | Occasional platform glitches |
| Strong regulatory status | Limited educational resources for advanced traders |
Final Thoughts
Libertex stands out as an excellent choice for beginner traders due to its easy-to-use platform, solid educational resources, and diverse range of trading instruments. The broker’s strong regulatory status ensures the safety of client funds, and its competitive spreads make it a compelling choice for new traders. However, there are a few areas where improvements could be made, particularly in platform reliability and the withdrawal process.
Overall, Libertex offers a trustworthy and accessible environment for new traders looking to dive into the world of online trading.