General Information | |
---|---|
Broker Name: | LIBERTEX |
Broker Type: | forex |
Country: | Cyprus |
Operating since year: | 1997 |
Regulation: | CySEC |
Address: | Gladstonos and Karaiskaki Street, off 31, Limassol 3032, Cyprus |
Broker status: | REGULATED |
CUSTOMER SERVICE | |
Phone: | +357 22 025 100 |
Email: | info@libertex.com, help@libertex.com |
Languages: | English, Spanish, French, German, Italian, Swedish, Russian, Czech, Danish, Hungarian, Polish, Portuguese, Romanian, Slovakian, Turkish |
TRADING | |
Trading platforms: | MT4, Libertex |
Demo account: | YES |
Mobile trading: | YES |
Web-based trading: | YES |
Bonuses: | YES |
Other trading instruments: | Metals, Shares, Spreads, Crypto, ETFs, Indices, Agriculture |
ACCOUNT | |
Minimum deposit ($): | |
Maximal leverage: | 1:500 |
Spread: | NO |
Scalping allowed: | YES |
LIBERTEX REVIEW CONTENT
GENERAL INFORMATION
Libertex has been leading the financial market industry since 1997. The company is currently serving more than 2.2 million clients from over 110 countries in the Americas, Asia, and Europe. In addition, Libertex employed 700 professionals, which allows them to provide top-tier services to their clients 24 hours a day, seven days a week.
Moreover, the company boasts more than ten clients who became U.S. dollar millionaires by trading with them. In addition, clients can choose assets to buy over a wide range of financial assets using its in-house-developed trading platform. Besides, the company is also recognized internationally, having bagged 30 international awards in 22 years.
The Libertex brand is under Indication Investments Ltd. It is authorized and regulated by the Cyprus and Exchange Commission (CySEC) as a Cyprus Investment Firm (CIF).
However, this regulation allowed the company to offer financial services and activities to its 27 servicing countries. Moreover, the company’s CIF license number is 164/12. It is registered in Cyprus, with registration number 290930, under the country’s Companies Law.
The company’s registered office is at Iacovou Tompazi 1, Vashiotis Business Center, 1st Floor Office 101, Neapoli 3107, Limassol, Cyprus.
Also, the company has implemented client funds segregation. In addition, it has certificates on their websites and platforms to provide a secure environment for traders and also Secure Socket Layer also known as SSL.
Also, Libertex has definitely, worked on ensuring its clients’ protection. Thus, the broker offers:
The most notable recognitions of Libertex were from Forex EXPO Awards, Global Banking and Finance Review, and Forex Awards. In 2016, the company gained the best trading platform award from Forex EXPO Awards for its in-house-developed trading platform.
In the same year, the Global Banking and Finance Review named Libertex as the best trading application. The company continued to receive an award in the following year. Forex Awards named Libertex as the best trading app and the best cryptocurrency broker in 2017. Moreover, these awards and recognition make Libertex stand out from other companies offering similar services.
Also, to sign up for a trading account, you need to visit their website via Libertex mobile app or at Libertex Web platform. The minimum investment amount is €100. This amount is smaller compared to other trading companies. However, once your funding is approved, you will get a Retail Client Status on which you will have the benefits of negative balance protection, best execution of orders, clear and transparent information, financial ombudsman service, and IFC rights.
Additionally, you will also get assistance from the company on your trading, whether it be on your investment or your trades.
On the other hand, you can request for a Professional Account which has the same benefit as a Retail Account, except for IFC rights. The company assumes that by upgrading your account to a professional one, you already have the necessary experience and knowledge of the risks concerning a particular investment and transaction.
These types of trading accounts are ideal for beginners trying to grasp the financial market and for professionals who are developing their trading strategies.
Libertex offers a wide range of assets to choose from. The company has a total of 213 real-time tradable assets. Its most traded financial instrument is currency. All assets under this category can be sold 24 hours a day, five days a week. Cryptocurrencies are included under this category, as well. For investors and traders looking for a high volatility-high profit asset, the Oil and Gas category is for you. You can also add Metals to your portfolio as a hedge against price fluctuations. You can participate in other country’s economies by trading their Stocks and Indices. Also, knowing the cyclical demand and supply of a specific product under the Agriculture category can make you some good profit.
Libertex uses the MetaTrader 4 platform, which is the preferred trading platform among investors and traders worldwide. The broker provides its proprietary trading platform – “Libertex.” The in-house platform was awarded by different finance award-giving bodies, like the Global Banking and Finance Review and Forex Awards.
Their platform allows its customers to practice and develop trading strategies using the Demo account. For the demo, you will receive an artificial account balance of €50,000 that you can use to trade on real-time asset prices just like a regular account.
The Libertex proprietary platform is user-friendly. Traders won’t need any as no special training is required to use it.
The platform is available in 16 languages. Here is a brief list of Libertex trading platform:
Libertex offers Multiplier and Leverage feature to help its clients achieve the best possible profitable profit.
Multiplier, as the name suggests, maximizes your capital. Aside from this, Libertex offers different leverage, depending on the asset class. Leverage allows you to trade with a more significant account balance. Hence, these two (2) key features will be favorable for investors and traders who are looking to build their balance. However, caution is best when using multiplier and leverage, as it may magnify both the profits and losses.
Here is the list of asset class and their leverage:
Aside from leverage, investors and traders must be aware of the margin and free margin of their account. Margin refers to the total amount used when trading a specific asset.
Let’s assume your account balance is €10,000, and you want to invest €200 in USD/JPY pair with 500 multipliers. Once you open the trade, your margin will be computed as follows:
On the other hand, free Margin is computed as follows:
Libertex offers a 100% compensation bonus to all new clients only on their first deposit. The minimum amount required to open a real account is USD 10. However, only the first deposits of USD 100 and above gets the 100% bonus.
The clients can access the withdrawal option by going to the Libertex web trading platform. For the mobile app option, the client needs to select Wallet and click on the Withdraw Funds option. Withdrawal can be instant or might take two (2) to five (5) business days, depending on the payment method, before fully reflecting on the client’s Account.
Also, Libertex allows clients to withdraw even when they have a position, which is a plus factor for investors and traders. However, if investors and traders should bear in mind that Margin cannot be withdrawn; otherwise, your withdrawal request will be declined.
For deposit, you can choose the following options:
For withdrawals, here are your options:
Libertex offers a basic, beginner level educational suite. All the materials are available on the web and trading platform. However, the beginner’s course consists of up to fifteen videos. The first five are free, but after that, the login is required.
Also, the training is just for a new trader to understand the basics concepts of the Libertex platform. Besides, the videos are short and clear. However, they are not meant to introduce Forex and CFD Education to a novice.
In addition, the online broker provides its clients with Market Research that comes in the form of technical analysis and a news bar. Additionally, the website features news updates on a daily basis.
However, unfortunately, there are no calculators or economic calendar.
In addition, we can say that Libertex is best suited for beginner or intermediate traders without a complex trading style. Besides, expert traders that perform high-level trading and require a lot of technical analysis will not find the Libertex platforms as complex or advantageous as the MT5.
Libertex offers multilingual customer support (available in 11 languages) via phone, email, and a webpage.
Libertex offers a similar account, asset, platform, conditions, and payment options, just like other trading firms. However, not all these companies can last 22 years, just like Libertex.
At the same time, the local and international awards it gained through the years proved that the company was exceptional. Its efforts to develop its trading platform is commendable. Also, it only suggests that the company is looking forward to providing its clients with the best service it can give.
However, before you start trading, make sure you check all the information you want on the broker. Besides, if you feel like it, feel free to do additional research.
We do hope this Libertex review was helpful, and we wish you good luck trading!
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