Libertex Review 2022

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74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Libertex is one of the most established online brokers with over 2 million retail clients. They are headquartered in Cyprus and accept clients from the EEA. Since Libertex started its operations, it has won more than 40 international awards. Libertex is the sponsor of Tottenham FC.

Summary

Libertex is a reputable online CFD broker that has been establishing its name since 1997. It has since gained more than 2 million users, mostly traders and aspiring traders. Libertex has a lot to offer compared to other brokers, including a good selection of markets, a clean and easy-to-use platform, accepts various payment methods, availability in many countries, and many more. It is overall a great broker for traders who seek a reputable platform and a good choice for those who wish to trade across various different industries.

Overview Table

Broker NameLibertex
HeadquartersCyprus
Foundation Year1997
Minimum Deposit€100
Deposit Fee€0
Inactivity Fee€10/month after 180 calendar days
Demo AccountYes
InstrumentsFixed Time Trades
PlatformsWeb, Windows, Android, iOS
AssetsCFDs on: Stocks, Commodities, Forex, Crypto
Number of Assets250+
Leverage 1:30
Negative Balance ProtectionYes
Guaranteed Stop LossYes
Broker TypeMarket Maker
ScalpingYes
HedgingYes
CFD TradingYes
STP TradingNo
ECN TradingNo
Withdrawal Fee Varies
Withdrawal Time2-5 days
RegulationCySEC
Customer SupportTelephone (Monday – Friday 9am – 9pm GMT+2)
LanguagesEnglish, German, Italian, Spanish, French, Dutch, Polish, Russian, Greek
Our Score 3.9/5

Pros and Cons

Libertex has many favorable sides to it, but it some of its drawbacks make it impossible for some traders to use. So, have a look at its pros and cons and judge for yourself!

ProsCons
Clean and user-friendly interfaceDoes not allow hedging
Plethora of technical analysisDoes not accept many countries, including the US
Fast switching between demo accounts and real accountsTwo account choices
Fast withdrawal processInactivity fee
Low minimum deposit
No deposit fee
Competitive spreads
Easy order placement
Trade 250+ instruments
Used by 2,200,000+ users and traders
No spreads
Good selection of tradable assets
Trading course for beginners
Prompt customer service
Regulated by CySEC

Libertex Compared to Similar Brokers

Below, we compare Libertex to its strongest competitors.

Broker NameLibertexeToroBinanceTrading212
Year1997200720172006
Minimum Deposit€10$50$0$1
CommissionYesYesYesNo
Inactivity feeYesYesNoNo
PlatformsWeb, Windows, iOS, AndroidWeb, Windows, iOS, AndroidWeb, Windows, iOS, AndroidWeb, Windows, iOS, Android
RegulationCySECCySEC, FCA, ASIC, FSASN/AFCA, FSC

We recommend you check out our review of Expert Option and Pocket Option.

Markets Available

Libertex allows its users to trade across the markets below. It's worth noting, though, that the instruments accessible to you will differ depending on where you live:

  • 50+ currency pairs
  • 50+ cryptocurrencies
  • 100 stocks
  • 10 ETFs
  • 6 agricultural assets
  • 5 oil/gas instruments
  • 18 indices
  • 5 metals

Libertex Trading Platform

Trading Platform Screenshot Libertex

Libertex gives users access to their unique trading platform. It is entirely web-based and does not require any downloads. The Libertex platform runs well and works seamlessly in any online browser, with a user-friendly interface.

The Libertex platform is great in many regards, with fast execution times (which are critical for day traders) that can help users gain a competitive advantage. While many brokers rely on pre-existing platforms (such as cTrader), Libertex has taken the time to create a user-friendly interface. It's a site that is customizable and adjustable to fit the trader's specific requirements.

They have, however, made their service compatible with Metatrader. Clients can use MetaTrader 4 (MT4) or MetaTrader 5 (MT5), two well-known trading platforms with a wide range of capabilities and features, in addition to their own customized platform.

Trading PlatformAvailable
MT4Yes
MT5Yes
MT4\MT5 Add-OnsNo
cTraderNo
Automated Trading No
Proprietary PlatformYes
Copy Trading\Social TradingNo
Guaranteed Stop LossNo
Negative Balance ProtectionYes
Mobile AppYes

Mobile App

You can access the Libertex platform via mobile apps for  Android and iOS. They are easily downloaded via the Google Play Store and Apple App store respectively. You can also download the app directly from the Libertex website. Both Android and iOS applications are updated on a regular basis for security and to improve the user  experience.

The fact that the app has high ratings in both the Android and  iOS app stores demonstrates that it fits many different people’s tastes, and also that it’s well-designed and works effectively on both systems. The software is simple and easy to use, with features like easy order placing, pre-ordering, profit taking, a stop loss feature, and live quotes.

Technical analysis, as well as recommendations and trading signals, are all accessible for free to help mobile traders. The app provides immediate access to news stories from the most popular financial news sources. The option to convert from demo mode to a genuine account with a single tap onscreen is a unique feature of the Libertex app. Since it's easy to fund the app, mobile users will always have an advantage when it comes to on-the-go trading.

Regulation

Libertex is authorized and regulated by the Cyprus Securities & Exchange Commission (CySEC). It is a reputable government authority that examines firms' ability to provide fair financial services. Libertex was awarded a trading licence by CySEC, indicating that Libertex can be trusted.

It is also regulated by the Financial Sector Conduct Authority (FSCA), which works on improving the efficiency and integrity of financial markets and encouraging financial institutions to serve customers fairly.

Payment Methods

Traders can finance their Libertex accounts using a variety of payment methods. You should be able to find a method that works for you no matter where you are in the globe.

Deposit

The majority of payment methods are handled instantly. Bank transfers, on the other hand, can take several hours on rare occasions. Users may be charged a €1 fee with some deposit methods. You can make deposits on Libertex via the methods below: 

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

Withdrawal

Users who deposit money using one of the methods must withdraw it using a different method. We recommend reading the Libertex terms and conditions for additional details.

Commission & Spreads

Libertex is a CFD broker and charges spreads. The spread varies from trade to trade and from asset to asset. Commissions on some of the most popular currency pairs (like EURUSD) are around 0.008% on average.

Spreads for cryptocurrency pairs range from 0.47% – 2.5%. Stock commissions range from  0.1%-0.2%. It's a good idea to read the terms and conditions to learn more about how commission percentages change and factors affect them.

Fees

Libertex is completely free to join, and there is no monthly trading fee.

To qualify for professional accounts, clients must provide proof of considerable trading activity within the past 12 months. Professional financial experts, depending on their level of experience, will also be considered for professional accounts.

Leverage

On Libertex, leverage rates change depending on the trades that the user is considering. Leverage is limited to a maximum of 1:30. This level is widely regarded as an industry standard among all European licensed brokers, and it applies to the majority of forex pairs.

Account types

Libertex, unlike other online brokers, claims to not provide various account types, and instead just a “real” account and a “demo” account. However, professional traders can access higher leverages.

Demo Account

Libertex offers a demo account to all of its clients. This allows you to practice your trading skills and learn more about the Libertex platform before depositing real funds into it. The account comes with a virtual balance of €50,000 to trade with. 

The demo account is helpful since it helps new users decide whether the platform is right for them. Clients that register for a demo account also register for a genuine account (although they will be unable to access the real account without first making a deposit).

Demo accounts are available on the web and through mobile apps. On the Libertex website/app, switching between demo and real mode is simple, which allows users to take advantage of quickly shifting market situations.

Research & Education

Libertex's unique trading platform incorporates in-house analytics. They consist of a recommendation under the asset with no details, and they are one of the reasons the CySEC suspended Libertex's license after the regulator concluded it wasn't acting in good faith. 

Professional Charting

Libertex's traders have access to detailed charting for each asset. There is also the option to view the chart in full-screen mode, which allows for a thorough analysis. There are several free indicators and sketching tools available with this broker. In most cases, chart analysis is the most crucial tool for making profitable trades.

One of the best charting systems for traders is being used by Libertex. Tradingview.com provided the inspiration for this design. On this platform, almost every indicator and tool is available. All of the tools can be adapted to the chart or trading strategy on their own. You can choose from various chart displays and time units for the analysis depending on the technique. 

Education 

Beginner traders receive a three-hour trading course divided into easy-to-understand lessons. Other than that, Libertex lacks a lot of important educational material. 

Special Features

Beside being user-friendly, the  platform features a lot of unique tools, such as charts, indicators, and timeframes that are important during technical market analysis. Libertex is great for traders all around the world since it can show information in 16 languages.

You can choose from nine different timeframes, ranging from one minute to one month. There are 43 indicators available: 13 oscillators, 22 trend indicators, and 8 volatility indicators. 

You can look at live quotes for every instrument by using the Order Management feature. And you can also customize a favorites list to only include your most frequently traded assets. This is helpful for managing price fluctuations on regular trades. You can view your order history, pending orders, and wallet balance from the same section of the site.

Other users' trading activities on Libertex are announced in the Live Trades section. This is particularly useful for traders who wish to keep an eye on trends or maybe mimic other traders' profitable decisions.

Customer support

Phone calls, email, Twitter, and Facebook are all options for contacting Libertex’s customer service. Libertex promises to provide 24-hour help. The FAQ section tries to answer a variety of issues, and Libertex promises a one-business-day response time for email queries. 

Contacting info are listed below

  • Phone: +35722 025100
  • Email: help@libertex.com
  • Facebook: facebook.com/libertex
  • Twitter: twitter.com/libertex europe

Is Libertex Safe?

Libertex is a safe and secure online broker, regulated by CySEC. Libertex has implemented client fund segregation, meaning that if the company runs into financial difficulties, traders may be confident that their assets will be handled separately and safeguarded by the Cyprus Securities and Exchange Commission legislation.

Additionally, Libertex keeps their clients personal information safe and secure. Apps for Android and iOS are also updated on a regular basis for security.

Bottom Line

In comparison to other trading platforms, we can conclude that this CFD broker has a lot to offer. It is regulated by CySEC and is a football team sponsor. Libertex has over 200 trading markets to choose from. Since it began operations over 23 years ago, it has received more than 30 international awards. 

This broker has a very reasonable charge policy. It's a plus that it doesn't charge any fees for deposits and only has little withdrawal fees that are easy to handle. The platform is clean and well-designed.