87.8% 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 an established online broker with millions of retail users. They are headquartered in Cyprus and accept clients from the EEA and Switzerland. Since Libertex started its operations, it has won more than 40 international awards. Libertex is the sponsor of Tottenham FC and FC Bayern.
Summary
Libertex, an established online broker founded in 2012, boasts a substantial user base, primarily consisting of traders and aspiring traders. Headquartered in Cyprus, it welcomes clients from the EEA and Switzerland. The broker has garnered over 40 international awards since its inception and proudly sponsors Tottenham FC and FC Bayern.
Key Highlights
Reputable online Stocks and CFD broker.
Wide range of available markets.
User-friendly platform
Accepts multiple payment methods.
Accessible in numerous countries.
Ideal for traders seeking a reliable platform.
Excellent choice for CFD trading across various industries.
Overview Table
| Broker Name | Libertex |
| Headquarters | Cyprus |
| Foundation Year | 2012 |
| Minimum Deposit | €100 |
| Deposit Fee | €0 |
| Inactivity Fee | If the Client’s
Account is inactive for 180 calendar days (i.e. there is no trading,
no open positions, no withdrawals or deposits), the Company reserves
the right to charge an account maintenance fee of 10 EUR (10 GBP, 10
CHF, 50 PLN respectively) per month. (Applies to clients with a
total account balance less than 5000 euros ( 4500 GBP, 5300 CHF,
22500 PLN respectively). |
| Demo Account | Yes |
| Instruments | Fixed Time Trades |
| Platforms | Libertex online platform and app, MT4, MT5 |
| Assets | CFDs on: Stocks, Commodities, Forex, Crypto etc. |
| Number of Underlying Assets | 250+ |
| Leverage for Retail Clients | up to 1:30 |
| Negative Balance Protection | Yes |
| Guaranteed Stop Loss | Yes |
| Broker Type | Market Maker |
| Scalping | Yes |
| Hedging | Yes |
| CFD Trading | Yes |
| STP Trading | No |
| ECN Trading | No |
| Withdrawal Fee | Varies |
| Withdrawal Time | from Instant to 2-5 days |
| Regulation | CySEC |
| Customer Support | Telephone (Monday – Friday 8 a.m till 6 p.m. CET) |
| Languages | English, German, Italian, Spanish, French, Dutch, Polish, Portuguese |
| Our Score | 3.9/5 |
Advantages and Disadvantages of Libertex
Libertex boasts numerous advantages, but it also has its drawbacks, which may impact certain traders' decision to use the platform. Explore its pros and cons to make an informed judgment for yourself!
| Pros | Cons |
|---|---|
| Clean and user-friendly interface | Inactivity fee |
| Plethora of technical analysis | |
| Fast switching between demo accounts and real CFD and Invest | |
| Fast withdrawal process | |
| Low minimum deposit | |
| No deposit fee | |
| Competitive spreads | |
| Easy order placement | |
| Trade 250+ underlying assets | |
| Used by millions of traders | |
| Tight spreads | |
| Good selection of tradable assets | |
| Educational Materials | |
| Prompt customer service | |
| Regulated by CySEC | |
| Trading Crypto CFDs commission free (tight spreads apply) | |
| Investment in real shares with zero commission (market spreads apply) |
Comparing Libertex to Similar Brokers
In the following sections, we will conduct a comparative analysis of Libertex against its most formidable competitors.
| Broker Name | Libertex | eToro | Binance | Trading212 |
|---|---|---|---|---|
| Year | 2012 | 2007 | 2017 | 2006 |
| Minimum Deposit | €100 | $50 | $0 | $1 |
| Commission | Yes | Yes | Yes | No |
| Inactivity fee | Yes | Yes | No | No |
| Platforms | Libertex online platform and app, MT4, MT5 | Web, Windows, iOS, Android | Web, Windows, iOS, Android | Web, Windows, iOS, Android |
| Regulation | CySEC | CySEC, FCA, ASIC, FSAS | N/A | FCA, FSC |
We suggest taking a look at our reviews of Expert Option and Pocket Option.
Underlying Assets Available for Trading
Libertex offers its users the opportunity to trade CFDs across the underlying assets listed below.
- 50+ currency pairs
- 70+ cryptocurrencies
- 100 stocks
- 10 ETFs
- 6 agricultural
- 5 oil/gas
- 18 indices
- 5 metals
Libertex Trading Platform Overview
Libertex offers its users access to a unique trading platform that operates entirely within web browsers, eliminating the need for downloads. This web-based Libertex platform functions seamlessly across various internet browsers and boasts a user-friendly interface.
The Libertex platform excels in several aspects, particularly its swift execution times, a crucial factor for day traders seeking a competitive edge. In contrast to many brokers that rely on pre-existing platforms like cTrader, Libertex has dedicated effort to develop a user-friendly interface. This platform is highly customizable, allowing traders to tailor it to their specific preferences.
Furthermore, Libertex ensures compatibility with MetaTrader, offering clients the choice of utilizing either MetaTrader 4 (MT4) or MetaTrader 5 (MT5). These widely recognized trading platforms provide extensive capabilities and features, supplementing Libertex's own customized platform.
| Trading Platform | Available |
|---|---|
| MT4 | Yes |
| MT5 | Yes |
| MT4\MT5 Add-Ons | No |
| cTrader | No |
| Automated Trading | No |
| Proprietary Platform | Yes |
| Copy Trading\Social Trading | No |
| Stop Loss | Yes |
| Negative Balance Protection | Yes |
| Mobile App | Yes |
Mobile App
Libertex offers user-friendly mobile apps for both Android and iOS devices. These apps are readily available for download from the Google Play Store and Apple App Store or directly from the Libertex website. Regular updates are provided for both Android and iOS apps to enhance security and improve the overall user experience.
Regulation
Libertex is authorized and regulated by the Cyprus Securities & Exchange Commission (CySEC) under license number 164/12. CySEC is a respected regulatory authority that assesses a company's ability to provide fair financial services. This regulatory approval underscores Libertex's status as a reputable broker.
Payment Methods
Traders can fund their Libertex accounts using various payment methods, offering flexibility to suit individual preferences. A comprehensive list of available payment methods can be found on the Libertex website.
Deposit
Most payment methods facilitate instant deposits, with the exception of rare instances where bank transfers may take several hours. Libertex accepts deposits through various means, including debit/credit cards, bank transfers, PayPal, Sofort, Neteller, Trustly, iDEAL, GiroPay, Multibanco, Rapid Transfer, P24, and more.
Withdrawal
Withdrawals are straightforward and typically quick, although the processing time may vary, taking up to 2-5 business days depending on the chosen withdrawal method. Detailed information on withdrawals can be found in the Libertex terms and conditions.
Commission & Spreads – Fees
Libertex, as a Stocks and CFD broker, charges spreads, which can vary from one trade to another and across different assets. For some of the most popular currency pairs, commissions start at an average of 0.003%.
Leverage
The default leverage is set to a maximum of up to 1:30 for retail traders, aligning with industry standards for European licensed brokers.
Account types
Libertex adopts a straightforward approach by offering only a "real" account and a "demo" account for trading, along with an "Invest" account for real share investments.
Research & Education
Professional Charting
Libertex equips traders with detailed charting capabilities for each asset, including the option to view charts in full-screen mode for comprehensive analysis. The platform offers a range of free indicators and drawing tools, essential for effective trade decision-making.
Educational Materials
Libertex offers free access to basic trading lessons for beginner traders. However, the platform lacks an extensive library of educational resources.
Special Features
Libertex's platform features a wealth of unique tools, including customizable charts, indicators, and timeframes essential for technical market analysis. It caters to traders from various countries with support for eight languages. Traders can select from nine different timeframes, choose from 43 indicators (including oscillators, trend indicators, and volatility indicators), access live quotes for all assets, and create a personalized favorites list for frequently traded assets. The platform also provides a comprehensive view of order history, pending orders, and account balances. Users can track other traders' activities through the Live Trades section, facilitating trend monitoring and potential replication of profitable strategies.
Customer Support
Libertex offers multiple support channels, including phone calls, email, and live chat, available from Monday to Friday, 8 a.m. to 6 p.m. CET. The FAQ section covers a variety of common queries, and Libertex pledges a one-business-day response time for email inquiries.
Contact Information:
Phone: +35722 025100
Email: [email protected]
Educational Materials
Libertex is a reputable online broker regulated by CySEC. The company prioritizes client fund segregation, ensuring that in the event of financial challenges, traders' assets are handled separately. Libertex also places a strong emphasis on safeguarding clients' personal information. Regular updates to the Android and iOS apps enhance security measures.
In Conclusion
Libertex stands out among trading platforms, offering a wide range of assets and garnering over 40 international awards since its inception. The broker, regulated by CySEC, boasts a reasonable fee structure, with no deposit fees and minimal withdrawal charges. The platform is user-friendly and clean, making it a solid choice for traders across various markets.
Risk Warning
Trading CFDs involves significant complexity and carries a high risk of rapid capital loss due to leverage. Between 87.8% and 89% of retail investor accounts incur losses when trading CFDs. It is essential to evaluate whether you comprehend the workings of CFDs and can afford the substantial risk of losing your invested capital.
