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When I started trading with these…
When I started trading with these company I had the opinion that it would be profitable for me and for a while I believed it to be true, so I invested $120,000. After some months I started to notice random deductions in the money I was supposed to receive for my trade. These deductions started to become more frequent and I complained to the customer service about it. They assured me that the problem would be corrected but didn’t do anything. I called them multiple times to no avail. This went on until I was introduced to Mr Richard by a friend , he helped me to withdraw all my funds back in no time . Feel free to reach out to him for assistance via Richardlofton114 @ gmail dot com
This broker isn’t reliable they better…
This broker isn’t reliable they better get prosecuted pretty soon. I was tricked into taking a loan and I invested £14,000. After writing several emails requesting for withdrawal of my profits, I got nothing in return.
Fortunately, i stumbled on a forum where I read positive reviews about a Forensic expert that helped victims get their money back from swindlers.
Currently, I have retrieved my money all thanks to The Expert, his direct contact details is on my profile text just Incase you need him.
good but not great
Pros – regulated broker, good choice of intruments, fast support
Cons – trading conditions, speed of execution
Lost a chunk of my savings trading…
Lost a chunk of my savings trading binary options and was frustrated, this resulted to me looking for recovery options but that didn’t go too well for me as fake recovery agents took advantage of me on several occasions but I never gave up and was able to recover some of my funds back with the help of a group of professionals i met at an exhibition. You can reach me on jtfurness44at gmal,com for more info.
totally bs + service with poor cs..
Don’t lose hope if you ever lost money…
Don’t lose hope if you ever lost money to this broker. You can still get your funds recovered. Contact myfundsrecovery(at)y ahoo,com to get all your money back.
I was able to recover my lost funds…
I was able to recover my lost funds back with the help of Mrs. Sofia Leo the recovery expert, she helped me get back my money from scam brokers. Click on my Profile to get her Details.
Not taking risk itself is a risk
Not taking risk itself is a risk. I am glad i took the risk of getting my money back by all means and it worked. I am glad i didn’t go through half of the stress my friends went through in getting their money back. I only have Radiarecovery.io to thank on that for there expertise and kindness in getting back my funds. If you have issues with withdrawal Radia recovery is the key
Don’t be ashamed of yourself
Don’t be ashamed of yourself, don’t die in silence. Check my bio for details on recovery of your lost funds ASAP
This a scam company.Fraud fraud fraud.
I have dealt with brokers before, which is why I didn’t experience any difficulties depositing or withdrawing funds. I was able to make payments using my personal debit card no problem. As you might expect, you first have to go through their verification procedure. But that makes perfect sense, to be honest, and it could even protect you from any cases of mistaken identity further down the line. Funding your account is virtually instantaneous, while withdrawals take about a day (providing you do not request a withdrawal on Friday). In case anybody is wondering, my overall trading balance is positive. I should also add that I have never encountered any specific issues in my time working with the company.
always got my money on time
always got my money on time, never had issues with them, when had they answered fast. don’t really understand why there is bad reviews, like for withdrawals you cant use credit card, just wire transfer what takes 3-5 working days, at least it was for me until this day
Libertex is a scam
Libertex is a scam. First they made it impossible for me to withdraw my funds, $45. Then they took all that money without bothering to inform me that, after my repeatedly requesting a link for Netteller so I could withdraw, they put money, minus a hefty commission into my my Netteller account. They didnt respond to any emails I sent them. Only after a final, abusive email to them did they bother to inform me that they credited my account. I believe that without constantly contacting them they would have kept my money. A very poor company, appalling communication and very suspect ethics. Stay away from Libertex, big scam!
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Libertex needs to finish steal money of people.When will finish this?How long will you lie?How much time will continue this.
I wish you good life for stolen funds.
It is bad enough that there are tons of…
It is bad enough that there are tons of unregulated platforms out there still defrauding folk out here. Its now worse, seeing fake reviews on investment and recovery of invested funds.
for cryptocurrencies +
I had been searching for various options to trade crypto and I was mostly considering exchanges. But then, I came across Libertex. I decided to try it out, given that the account currency there is in USD (the US dollar being more stable), in addition to it seeming safer. With Bitcoins, there’s a possibility you might not be able to withdraw when you want to, and that could make you lose 30% of your deposit during the transaction. I didn’t want that happening to me. I also saw it was possible to work on a downward trend with Libertex, and as we saw last year in 2020, cryptocurrencies can drop in price as rapidly as they can grow. All in all, this platform is pretty good for active trading. However, if you’re intending to trade seriously and for the long term, definitely consider the cold wallet.
Why can’t they just pay up?
They are trying to delay paying out the balance in my favour.
But I will walk right through hell to get what is rightfully mine. And I will keep you updated here.
Cheers from Copenhagen,
Addendum: After a lot of emails – and stealing my bank contact’s time, too – I finally managed to recover my money.
The damage has been done, though. I am not doing any trade on this platform again
I like Libertex
I’m new to trading. I opened a trading account on Libertex. I like the trading platform. A lot of different market instruments. There is a stock market, commodity futures, cryptocurrencies. All this in one Libertex. I trade on the recommendations of analysts who broadcast directly to the trading platform. Good trading signals, more often in profit than in loss.
Hey guys and easy money lovers!
Listen, I wanna let you guys know what went down with Libertex. So, I usually trade each asset where the chart line goes up and down like crazy, they call this volatile. I’ve tried a bunch of other platforms, like Metastock, МТ4, Oanda, DB, TradeStation, ActTrader and so on. And honestly, if some news pops up and you aren’t right at your computer right at that moment, and off doing something else, and you want to open a pose, you’ve got to be on your phone using an app. After I tried all these different platforms, it was super apparentl to me that Libertex is just far beyond competition. One thing is that on your phone, you can’t really get a bunch of good insights, this is more on the pc version, but it’s pretty good for opening several positions. If you aren’t a total nerd that spends like 16 hours daily in front of the computer, just taking breaks to get a bit of shut eye, then you’d best get that app on your phone pronto.
Libertex – review and feedback on the forex trading platform.
вњ… This Trading Platform is available in United States
Review of trading platforms for online trading: Libertex
While looking for a promising trading platform to gain access to the world financial markets, some traders believe that it is irrational to waste time on a detailed study of each broker and the history of his activities. As a result, many reliable companies mistakenly fall into the list of “unpromising”, not of interest for online trading.
Despite its relatively young age, today, the Libertex trading platform (registered in 2020) is one of the most reliable companies providing financial brokerage services to European and Russian-speaking traders. This fact is explained quite simply: this organization was created by the affiliated companies of the legendary financial group Forex Club, which has been successfully operating in the Internet trading market since 1997. But for many professionals, such arguments have never played a key role, they need more weighty evidence that this company fulfills its obligations and offers traders more interesting options for cooperation than other brokers.
Why Libertex: overview of the basic parameters of the platform
Each trader, assessing the activities of the broker, highlights certain points that help him decide: whether it is worth working on this site or better to look for another. But there are basic parameters that make it possible to make the most objective description of the activities of a participant in the world financial market, and on the basis of the results obtained, to compare it with competitors. These include: software that uses the broker, ways of entering / withdrawing funds, the number of trading tools that traders access, information support, training materials, etc. What does the Libertex site offer its customers?
Who controls the activities of the broker
If, in terms of technical and software, most known trading platforms try to keep themselves at a high enough level, then the question of who controls their work is very painful for many of them. On Libertex, the application and platforms allow you to make deals, either from a computer or from a mobile device (Android and iOS). According to this indicator, the broker presented is not inferior to its closest competitors.
Regarding the regulation of activities, the organization and its web resource, being a Cyprus investment company, is controlled by the Cyprus Securities and Exchange Commission (CySEC). Also, the broker is one of the members of the authoritative Financial Commission, which has gained the reputation of an honest judge who decides almost any disputes that may arise between a trader and a company providing access to the world financial markets.
Safety and training
The administration of the resource has always considered ensuring the security of financial resources and personal information of customers as one of its priority tasks. For this, modern technical means, computer programs, as well as mandatory authentication and notification of visiting the trading platform are used.
The platform support service works without days off, 24 hours a day. In case of any force majeure, customers of the broker can call, write an e-mail or use online chat for quick communication with qualified specialists who will solve their problem.
Beginners who do not have experience working in financial markets can use the training materials posted on the site, and by registering on the Libertex login, to get access to information that will help make the forecasts necessary to increase the profitability of their transactions.
Types of accounts
The considered trading platform allows to work with two types of accounts: standard trading and educational. After opening a demo account on Libertex, a beginning trader is given 50 thousand virtual dollars, which he can use to gain practical experience in online trading and working out his own schemes of earning money.
Standard trading account is designed to enter into financial transactions using the funds of a trader. The minimum deposit amount at this site is $ 10 (experts recommend making from $ 100), and the smallest rate is $ 1. The main currencies of the trading account are: the Russian ruble, the euro and the US dollar.
What else should a trader know about working on Libertex
Among the issues that concern every trader who plans to open an account on the broker’s web resource, one of the main ones are: a list of financial instruments and ways of entering / withdrawing funds represented on this platform.
How to replenish your account and withdraw money
Making up the review about the Libertex trading platform, most experts say that there will not be any problems with the withdrawal of the earned money or replenishment of the trading account with the traders, in this case. For these purposes, the following options are provided:
в—Џ Yandex money;
в—Џ bank transfer.
By the time, the slowest way of withdrawing money is the last method (2-5 banking days), and for the cost – bank cards (commission is 2.5% of the amount).
To conduct financial transactions, users of the company’s web resource are provided with the following assets:
в—Џ currency pairs (Forex market);
в—Џ stock indices;
в—Џ CFD on futures;
в—Џ precious metals;
в—Џ Crypto currency.
в—Џ Advantages and disadvantages
Studying about the platform Libertex customer reviews and articles of analysts, which are not difficult to find on the World Wide Web, we can conclude that the number of positive characteristics of this company slightly exceeds the number of negative reviews. As practice shows, this ratio is quite normal for most brokers who provide online trading services.
Among the main positive indicators of the trading platform can be identified: ease of use, a large number of financial instruments, the ability to work with mobile devices, no problems with the withdrawal of money, quality technical equipment.
The main “minuses” that traders most often complain about are: the absence of trade advisors (many professionals refuse to work), some browsers can not provide high speed of operations, and there is no such function as “copying transactions” on the platform. But the company’s management is working to eliminate the shortcomings of its resource, which allows us to hope for a significant improvement in the quality of the popular trading platform.
Libertex.org Review Visit site
Related sites include FxClub.com/FxClub.org, Libertex.com.
Libertex is a forex broker. Libertex offers the Mobile trading currency platforms. Libertex.org offers currency pairs, cryptocurrencies, indices, oil, gold and silver for your personal investment and trading options.
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|Minimum Trade Size:||0.01|
|Minimum to Open Live:||$10|
|Address:||Gladstonos and Karaiskaki Street, off 31, Limassol, 3032, Cyprus|
|Contact:||[email protected], +357 22 025 100|
|Trading platforms:||MT4, WebTrader|
|Cryptocurrencies:||(35+) Bitcoin, Litecoin, Ethereum|
|CFD:||(20+) Silver, Other Precious Metals, Stocks, Stock Indexes, Bonds, Oil, Other Commodities|
|Deposit Methods:||Bank Wire, VISA, MasterCard, Giropay, iDEAL, Local Bank Deposits, Neteller, Przelewy24, Rapid Transfer, SEPA Credit Transfer (SCT), Skrill, SOFORT, Trustly|
|Withdrawal Methods:||Bank Wire, VISA, MasterCard, Neteller, Skrill|
Join live discussion of Libertex.org on our forum
Libertex.org profile provided by Mariliis Uibomae, Aug 31, 2020
Club International LTD is one of a group of global Forex Club companies with over 100 offices in Russia and CIS and Eastern Europe. Forex Club is the only foreign exchange in the industry to receive an ISO 9001 international certificate for its quality operations.
Forex Club’s mission is to give individual traders the opportunity to participate in the largest financial market in the world, improve our clients’ knowledge of finance, and enable traders to capitalize off of their own intelligence
Forex Club provides forex trading solutions, quality training, analytical tools, and personal customer support to its world-wide client base, regardless of where clients reside.
The advantage of trading with Forex Club lies in the nature of the market. The instrument of this market is currency; by understanding the nature of how money prices fluctuate, traders can take full advantage of forex. Forex Club teaches traders how to place trades while making the market accessible, transparent, and understandable. The lessons taught are universal and can be applied to any financial market. By choosing to learn and trade with Forex Club, you are taking an aggressive step towards investing with a stable and reliable global brokerage that works with its clients on a personal level.
FOREX CLUB is an acclaimed brand that has received awards from around the world , including: Leader in Europe according to Dow Jones Newswire; Best Educational FX Website, Best Forex System (Forex Expo); Best Broker for Beginners (forex-ratings.com). Try Forex Club today!
Your company video here? Contact ad sales
Let other traders know if this service is worth checking or should be avoided.
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Service use: Live
Length of use: over 1 Year
You need to have a closer look on Libertex!
The .com version is the correct one (by Indication Investments Ltd.).
It seems that the .org version is a scammer’s one (by TheForexClub).
I’ve been using the German version of Libertex.com (also as an iOS app) since 2020 without any problems. Money transfers and trading was always as it should be. The app is a bit slow though, but okay for long-term (esp. krypto) trading.
One of my German friends who lives and works in Dubai only got the .org version (for him the .com version doesn’t show up on their internet).
So, he tried the .org version with $5k and now he’s been running after his money since 2 months! They always blame his bank but his bank said it’s all fine, but they never received a money transfer request by TheForexClub. He got $500 directly back from TheForexClub (from a bank account in Russia!) before after he complained a lot why the money wasn’t sent (although the app was saying this). But now, after loads of complaints, those $5k are still missing. They sent him some transfer screenshots from a bank account in Kazahstan (!) and so on. But now he’s trying to reach out to them via some international lawyers to get his money back from them. Fingers crossed he can manage to get his money back from The Forex Club (which is actually NOT Libertex (maybe it’s only being used as a white label)!
I have been trading with them for a couple of years now, i had deposited U$D2000 (in small batches over the 2 years) and i kept losing cos i don´t care for the demo account, but finally i´m starting to get profitable.
i really like the platform´s interface and their customer service agents are always there to help you out. I made a couple of withdraws from Libertex to my Skrill account and from there to my local bank. From Libertex to Skrill the deposits were made instantly, and from my Skrill account to my local bank account it took 2-3 days, so it couldn´t be any faster to get my money.
So far, this broker is excellent IMO. Their multiplier system is awesome and their customer service is always there.
All these other losers who claims that they “stole” their money are just angry newbies who can´t trade for shit and then choose to blame the broker. “They kept asking me for documents before sending me money”. Are they stupid? Of course they need all the proper info before pay your winnings, that shows you that they care for all things legal and that´s always a good thing.
Don´t blame the broker, blame your lack of effective trading strategies.
I have evidence that Libretex has practiced deceptive and unfair commercial practices for many on their French site in announce to be regulated AMF then this is not the case!
It cheats, because it is not regulated AMF, they propose a contract of “credit facility” which would be impossible with the French regulation.
I was fooled!
1) I would not have registered on their platform without French regulation
2) I lost 3600 € on their platform because of the “credit facility” which was not supposed to exist!
I ASK FOR A COMPENSATION! You have deceived thousands of French customers and the damage is expenetielle! For French law, your practice is punishable (in the criminal) by 300 000 € almond and 2 years of imprisonment + 20% of your turnover based on the last 3 years.
I said that I have already contacted Libertx on this point, without adequate response or compensation while the situation is VERY SERIOUS!
Nov 15, 2020 – 1 Star Hello,
I am a particular trader and I have a very big problem with the general issue of fund protection and the incentive for big volume trading at Lirbertex.
It offers a “credit facility” to increase its initial margin in view of being able to open positions with a larger volume than that proposed by the ESMA regulations. It is a pass-through, which circumvents the rules, so that the private investor can invest more, without margin restriction. From my point of view, it is therefore a circumvention of regulations, and an incentive to trade, with always more (prohibited by the ESMA).
I have a margin available of 3118 €. I decided to open a risky position on the OR (maximum lever 1:20) and therefore with a maximum possible position volume of € 62,360.
However, the broker offers a solution of “credit facility” to inflate its available margin. In our example, we could have a credit facility of 4677 €:
That is 3118 € + 4677 € = 7,795 € with a lever of 1:20 and therefore a maximum possible position volume of 155,900 €!
155 900 corresponding to 3118 * 50! This leads to opening a position on the OR with a lever of 1:50 instead of 1:20 regulated by the ESMA.
It’s absurd! I find it very very limited .. This is not legal or regulatory!
Bearing in mind that according to Article 40 (5) of Regulation (EU) No 600/2020: Article 2 (d) the supplier of CFDs does not offer the retail customer, directly or indirectly, a payment, a monetary or an excluded non-monetary benefit in connection with the marketing, distribution or sale of a CFD, other than gains on any CFDs provided; (. )
And according to Article 3: “It is prohibited to knowingly and voluntarily participate in activities the object or effect of which is to circumvent the requirements of Article 2, including by substituting for the supplier of CFDs.”
I ask for compensation!
PS: You told me that you accepted your service, but it is not legal to have it offered to me without my request, and this service does not have regulations in the EU!
Sincerely and waiting to read you,
Reply by FOREX CLUB submitted Nov 21, 2020 Unfortunately, we did not find your registration in fxclub.org/libertex.org. Perhaps your question relates to another Company from the Forex Club Group of Companies. We recommend you to contact the Customer service of that broker you are registered and trade in.
I have been trading with Libertex for about a year now. The reason I’m writing this review, was because I was having sudden questions when I wanted to withdraw a big amount of money (similar to martinfx28, below), so I was a bit unhappy, when I got suddenly difficult questions (I had to show screenshots of a Skrill account which I don’t have), but the fact is: I called a couple of times (with Erik from customer support and my account manager Mr. J. Molter) and I was able to solve it within a few hours, and I have had my money withdrawn and received WITHIN 36 hours of the first difficulties.
So, now everyone here gets the impression, that Libertex is not trustworthy, I feel obliged to tell my side of the story as well here. I do understand people can get frustrated when they feel like they get impossible questions, only when they want to withdraw money. But that doesn’t make Libertex not trustworthy. To give Libertex a fair and balanced review (instead of people who – perhaps understandably – got frustrated after an issue), here is my review of Libertex.
First the positives:
1) I have tried lots of different brokers and trading apps (eToro, iqOption, Bux, Plus500, markets.com, FXPro and more), but when it comes to a good, customer-friendly application, then the Libertex-app is the best. (Although iqOption has some real flashy graphics, it’s just too complicated to navigate there)
2) Also, I studied many CFD contracts of the different trading apps, and I think Libertex has the best rates. Example: BUX has no spreads, but very high commissioning rates to start with. iqOption has very low commissioning rates (you will even receive money when you do a Bitcoin short there), but they have HUGE spreads (currently up to 10%.. this means you basically start trading with -10%), but the great thing about Libertex, they have zero spread AND very low commissioning rates AND very low overnight financing fees. As far as I can see, this is the cheaperst broker overall (spreads, commissioning rates, financing fees) than Libertex.
3) Also: compared with other apps, Libertex has a huge amount of tradable products. For example: Brent-Oil (e.g. not on eToro and BUX), interesting forex pairs like USD/TRY (not on many apps) and lots of Cryptocurrency.
Really good so far, yet here is something which can be improved:
1) Libertex could improve by ensuring that they know which validated bank account is linked, as soon as you deposit money. I think it will lead to unnecessary negative reviews in future, when people (e.g who don’t speak a lot of foreign languages) have a lot of trouble to withdraw their money.
2) Libertex has recently introduced obligatory stop-loss limits, stating it was necessary due to ESMA-regulations on CFD’s (came into effect on August 1st, 2020). Although other brokers (who have no obligatory stop-loss) told me the only necessity is to introduce a 50% margin close-out rule, Libertex told me they had no other choice. However it may be, as a result, when trading on Libertex, your trade gets an automatic stop-loss (which can be higher, depending on the multiplier you are using). This makes, at least to me, the trading at Libertex more risky, because it’s hard to be certain that a trade won’t drop with 5% or 10% before it goes up with 40%.
In summary my fair and honest review of Libertex:
+ best user-friendly mobile app
+ lowest rates (no spreads, low commissioning, low overnight financing fees)
+ huge amount of tradables
+ and in the end, to me at least, one of the few trustworthy brokers
– initial questions for funds withdrawal when withdrawing large sums of money
– obligatory stop-loss for each trade
Libertex Review 2020
Regulated By: CySEC
Foundation Year : 2020
Headquarters : Iakovou Tompazi 1, Vashiotis Business Centre, 3107, Office 101
Libertex Review 2020 – Platform, Fees, Safety, Pros and Cons
The forex industry is known to have some notable scammers, though in recent years regulators are making an effort to ensure the safety of traders and investors. While some brokers succeed to maintain a positive reputation, others struggle to gain the public’s trust.
To help you in selecting the most reliable broker in the market, we’ve conducted an in-depth review of Libertex and we have found it not to be a good service. Read on to find out why you should stay away from Libertex.
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What is Libertex?
Established in 1997, Libertex is an online Forex and CFD broker regulated by CySEC and FSC. The online broker is a multinational brand which was one of the first retail forex brokers in the online brokerage industry and claims to have 2.2M clients worldwide and a staff of 700 employees.
The online broker provides CFD trading services in multiple markets and products including forex, stocks, cryptocurrencies, commodities, ETFs, and indices.
Libertex is part of the Forex Club Group, which is based in Limassol, Cyprus.
Pros and Cons
✅Libertex provides a user-friendly in-house trading platform
✅Low minimum deposit requirement of 10 EUR
✅The broker offers zero spreads
✅Regulated by CySEC and FSC
✅Offers the MT4, including an automated trading
❌A limited selection of financial instruments
❌ Compared to other CFD brokers in the industry, Libertex offers a low leverage ratio of 1:30 for retail clients
❌ Offers only one account type
❌The broker functions as a market maker
❌Negative user reviews across the internet
❌Libertex charges additional fees – Inactivity fee, withdrawal fee, and transaction fee
Librtex offers a modest selection of around 200 financial products categorized into markets and sub-markets:
- Forex – Major, minor, crosses, exotics
- Stocks (shares) – Medical cannabis, automobile industries, consumer good, consumer services, healthcare, finance, energy, industrials, luxury, telecommunications, technologies, materials, and potential trading assets.
Metals – Gold, silver, palladium, platinum, and copper.
Although Libertex is a well-known CFD broker that operates since 1997, we could not find many features that differentiate the broker from other forex brokers in the industry. Even so, the broker does offer these trading features:
Libertex provides traders and investors to trade through the in-house trading platform and the popular MetaTrader4 that allows you to automate your trading strategies based on technical indicators. The automated trading is one of the best features of MetaTrader 4 allowing you to program your trading orders through the Expert Advisors (EA) and technical indicators.
The commission structure of Libertex is unusual – Zero spreads and additional trading commission like the transaction fee, which is taken once the trade has been opened. Yet, trading with zero spreads can be a great advantage for some traders.
The broker offers a 100% welcome bonus for users that subscribe to the Libertex financial platform. You can find all the necessary details in this page.
Minimum Deposit Requirement
Libertex maintains a general minimum deposit requirement of 10 EUR if you choose to fund your account with a credit card or your Skrill e-wallet. The maximum deposit allowed by Libertex is $5000.
The deposit requirement for the Professional account is over €500,000.
Libertex states on their website to serve 2.2 million clients from more than 110 countries. We recommend our readers to check Libertex legal authorization in your area before you open a trading account.
Bear in mind that the broker does not accept clients from the following countries: United States, European Union, Japan, Afghanistan, Azerbaijan, Bosnia and Herzegovina, Brazil, Guyana, Iraq, Lao PDR, Yemen, Vanuatu, Uganda, Quebec of Canada, Syria, Ethiopia, Sri Lanka, Trinidad and Tobago, Tunisia, Iran, and North Korea.
Libertex’s website is available in the following languages: English, Spanish, Malay, Portuguese, Russian, Thai, and Chinese (simplifies and traditional). The Libertex in-house trading platform is available in English, Spanish, German, Indonesian, Malay, Portuguese, Russian, Thai, and Chinese (simplifies and traditional).
Libertex offers a selection of two trading platforms: The in-house Libertex web-based platform, the mobile application platform, and the popular Meta Trader 4.
Libertex In-House Trading Platform
Libertex provides easy access to the in-house web-based trading platform that requires one click on the Log-in’ button and a simple registration process. The platform is easy to use, however, it is not perfect for professional traders (the platform lacks advanced features) and it’s a bit complicated for beginners. We find the platform a bit lacking – Unfortunately, the platform is not customizable, and the charting package is a bit disappointing and difficult to configure.
Yet, the news section can be beneficial as well as the instruments menu that includes the top rising and top falling instruments on the day.
The Libertex in-house trading platform is also available as a mobile application on the App Store and Google Play. The mobile application is easy-to-use, however, note that the broker method of execution of orders is based on the market maker model, which has a slightly more expensive cost structure.
Meta Trader 4
In addition to the in-house trading platform, Libertex offers the popular MetaTrader4. Though the platform was launched in 2005, it remains one of the most popular forex and CFD trading platforms with 100 effective trading tools, over 80 technical analysis indicators, and the ability to automate your trading.
Fees, Commissions and Spreads
Compared to other CFD brokers in the industry, Libertex charges additional fees and commissions such as inactivity fee and withdrawal fee. Here are the fees charged by Libertex:
- Transaction fee – Taken once the trade has been opened.
- Withdrawal fee – The broker charges a withdrawal fee which varies based on your withdrawal method.
- Inactivity fee – Libertex charges a fee for inactive accounts for 180 days with a balance of less than $10,000.
- Rollover/overnight fees – Rollover fee is taken at the end of a trading day at 9 pm GMT as an interest, which may be either positive or negative. Take note that for CFD instruments, the rollover will be triple when rolling over a position from Friday to Monday.
In terms of spreads, Liberetx offers zero spread for both retail clients and professional clients.
Min Deposit and Min Withdrawals
Libertex minimum deposit requirement for a real live trading account is 10 EUR . The minimum withdrawal amount is the same as the deposit amount of 10 EUR and the maximum withdrawal amount is 10,000 EUR through a bank card (Visa only). Take note that the broker charges a withdrawal fee for most withdrawal methods.
Listed below are the withdrawal options of Libertex:
|“> Withdrawal method||“> Currency available for a transfer||“> Commission||“> Transfer time||“> Minimum amount||“>|
|“> Bank transfer**||“> EUR||“> 0.5% min 2 EUR, max 10 EUR||“> From 2 to 5 working days||“> no||“> no|
|“> Skrill||“> EUR||“> no||“> instantly*||“> 10 EUR||“> 2 500 EUR|
|“> Bank card (Visa only)||“> EUR||“> 1 EUR||“> 3-5 working days||“> 10 EUR||“> 10 000 EUR|
|“> Neteller||“> EUR||” data-sheets-numberformat=”<"1":3,"2":"0%","3":1>“> 1%||“> instantly*||“> 10 EUR||“> 2 500 EUR|
Libertex offers the following payment methods:
- Credit/debit card
- Skrill eWallet
- SEPA/International bank wire
- Rapid Transfer
- Credit/debit card
- Skrill eWallet
- SEPA/International bank wire
How to withdraw funds
Follow these steps to withdraw your funds from Libertex
- Log in to Liberetx web platform or the mobile application
- In the web trading platform, go to Withdraw section. On the mobile platform, select Wallet > Withdraw Funds
- Enter the amount you wish to withdraw
Note that Libertex charges a withdrawal fee for withdrawals via bank transfer, bank card, and Neteller.
Unlike other brokers in the industry such as Skilling, Libertex does not offer different types of account. Libertex only has one account type. There is, however, a possibility to have a professional account, which grants you access to higher leverage of 1:600. Rather, the broker offers a real live trading account, professional trading account, and a demo account. The requirements for a trader to open a professional account are:
- Sufficient trading activity in the last 12 months
- Relevant experience in the financial services sector
- Financial instrument portfolio of over €500,000 1 (including cash savings and financial instruments)
How to Sign Up on Libertex
Libertex sign up is straightforward and can be done in a short time. First, check if you are eligible to open an account with Libertex.
To create a new online trading account, follow the next steps:
- First, go to Liberetx’s website and click the Login on the top right side of the home page.
- Now, click on the sign-up button on the registration window.
- Choose your country and fill in your email address and password.
- Fund your account through one of the deposit methods offered by Libertex.
How to Configure Your Trading Account
Once you are done with the signup process, it’s time to set up the trading platform based on your preferences. As we mentioned before, the platform is not customizable so you don’t have a lot of features to add on. First, we recommend changing the default chart template. Note that you cannot add technical analysis indicators unless you click the ‘full screen’ button. Change the chart style to candlestick to get a better visual of the chart.
In order to open a position, you need to hover on a specific instrument on the watch list window and click the ‘open trade position’ button. Choose the amount and the leverage ratio (multiplier) and click buy/sell.
Regulation and Safety of Funds
Libertex is a subsidiary of Indication Investments Limited which is regulated by the Cyprus Securities and Exchange Commission (CySEC) with CIF Licence number 164/12. The broker is also regulated in South African under Libertex Pty. by the Financial Sector Conduct (FSC) with the following FSP Number: 47381.
We could not find much information about Liberetx’s safety of funds measurements for its clients except the Investor Compensation Fund (ICF) which ensures traders a coverage of €20,000 if the brokerage becomes insolvent.
Education, Research and Data
If Libertex succeeds in one area mainly, it is the sector of education, news, research, and data. The broker maintains an informative blog on its website about forex, trading, and cryptocurrencies. There’s also an education section that contains 29 trading lessons including detailed videos. The video course is available on the company’s website and on the in-house trading platform under the ‘All Products’ tab – video course.
Moreover, the broker offers a breaking financial news feed which is available on the website as well as on the Libertex in-house trading platform.
An area where Libertex may be lacking is the customer support. The broker provides multiple customer support channels that include support via phone, email, submit a ticket, live chat, WhatsApp, and Facebook Messenger. The broker also provides an FAQ section on its website on the following topics: banking, verification, trading conditions, trading platforms and terminals, and trading transactions.
However, we have found complaints about the broker’s customer service and the response time and it seems that the broker has a more traditional approach towards customer support.
Libertex is a well-known forex and CFD broker regulated by CySEC and FSC which operates in the industry since 1997. The broker has gained recognition all over the industry including 30 international awards.
On the negative side, we have found users complaints about account verification procedures (KYC), withdrawals taking a long time, and a lacking customer support team. Following a quick search on the web, we regret to say that the general reputation of Libertex is not entirely positive.
In conclusion, though Libertex is one of the first online forex and CFD brokers in the industry, we recommend users to check other brokers like Skilling and TD Ameritrade (for US residents) before opening a live trading account.
Can US residents trade with Libertex?
No, US residents cannot open an online trading account with Libertex as the broker is not regulated by the SEC (U.S. Securities and Exchange Commission) or CFTC (Commodity Futures Trading Commission).
Is Libertex regulated?
Libertex is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) with CIF Licence number 164/12 and by the Financial Sector Conduct with the following FSP Number: 47381 in South Africa.
How can I contact Libertex in order to open a trading account?
In order to open a new trading account, you can contact Libertex via the following contact methods: Email address – [email protected] Phone – +357 22 025 100
What is the maximum leverage ratio offered by Libertex?
Libertex offers a leverage ratio of 1:30 for retail clients, in compliance with CySEC regulations in order to minimize risk, and 1:600 for professional clients.
Can I trade cryptocurrencies with Libertex
Yes. As a matter of fact, Libertex offers a wide range of 40 cryptocurrency pairs including exotic crypto pairs. Those include bitcoin, ethereum, bitcoin cash, litecoin, Ripple, DASH, Monero, IOTA, EOS, NEO, and more.
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