Libertex is a reliable CFD and crypto broker, operating since 1997. With over 25 years of experience, this international brand has built a strong reputation in the market. In this article, let’s evaluate whether Libertex is legit and safe.
Broker review of Libertex
Libertex is a trusted broker because it has been around for over 25 years, serving clients in 120+ countries. It has gained recognition by winning 40 international awards for its quality service and tech solutions.
Libertex offers 300+ tradable assets and has over 3 million customers worldwide. Its long history, global presence, and positive reputation make it reliable for trading CFDs and crypto.
Regulation
- Libertex is regulated by CySEC (Cyprus Securities and Exchange Commission) with CIF Licence number 164/12.
- Libertex offers negative balance protection, so you can’t lose more than you’ve deposited unless you abuse the system.
- It also offers segregated funds which means client funds separate from its own. Your money is secure and always available.
- Libertex offers compensation through the Investor Compensation Fund (ICF), but only for retail traders, not for professional traders.
Restricted countries
Libertex does not accept clients from these countries:
- Russia
- USA
- Japan
- Brazil
- European Union
The company avoids countries flagged by FATF for:
- High risk of money laundering-AML
- Issues with combating terrorist financing-CFT
How to open an account with Libertex
- You must be at least 18 years old to create an account.
- Go to the app or website, and enter your email and password. You can also sign up using Facebook.
- Answer a few questions that appear after you sign up.
- Make a deposit and upload your ID and proof of where you live.
- Wait for approval usually takes 3 days.
- When you create and fund a new Libertex account with at least $100, you can receive a Welcome Bonus of up to $10,000 using the promo code “WELCOME.”
- After you start trading and pay trading fees, a percentage of these fees will convert part of your bonus into real money.
Libertex trading account types
Libertex offers two main types of accounts:
- Libertex portfolio account
- Libertex CFD account
Libertex portfolio account-for long-term investments in stocks
- No fees for trades
- No swap fees
- No margin calls or stopouts
- No multiplier or forced take profits/stop losses
- No inactivity fees
- Dividend payouts
- Fractional shares (as small as 0.01 shares)
- Purpose: Long-term investing with zero commissions
- Risk: Low
Libertex CFD account-for active trading with leverage
- Leverage from 1:999
- Access to multiple asset classes like Forex, cryptocurrencies, commodities and indices
- Ability to buy/sell assets
- Demo account available
- Purpose: Active trading with high volatility
- Risk: High
Demo account
- You can open a free demo trading account with $50,000 in virtual money to practice trading without risk.
- You can also practice stocks, indices, forex and cryptocurrency and also free trading signals.
Minimum deposit requirements
The minimum deposit for any tradable instruments is $10.
Financial instruments of Libertex
Trading instruments are the various types of assets that traders buy and sell in financial markets.
- Stocks
- Crypto
- Crypto mining
- Forex
- Metals
- Indices
- Agriculture
- Oil and gas
- ETFs
- Bonds
Libertex trading platforms
There are three types of trading platforms designed for various needs.
Proprietary platforms (Libertex)
- It offers a user-friendly app for investing in stocks, indices, metals, currencies and cryptocurrencies. It has fast order execution, no spreads on trades and negative balance protection.
- Beginners or those who appreciate simplicity and convenience. It also provides a demo account to practice.
MetaTrader 4 (MT4)
- Popular for Forex trading, offering advanced tools like automated trading, copy trading, and over 100 analytical tools. Allows flexible order management, hedging and instant execution with minimal delay.
- Both beginners and experienced traders who need more control and analysis tools.
MetaTrader 5 (MT5)
- The upgraded version of MT4 with more assets like stocks and ETFs, additional timeframes, and an economic calendar. Offers advanced technical indicators and automated trading options.
- Traders looking for more features and diverse assets to trade.
Deposit and withdrawals
Deposit methods of Libertex
Libertex provides a wide range of payment methods to suit your preferences.
- Bank transfer
- Credit/Debit cards
- E-wallets (Skrill, Neteller, PayPal)
- Other local payment methods
Withdrawal methods of Libertex
Libertex offers the following withdrawal methods.
- Bank transfer
- Skrill
- Credit/debit card (Visa only)
- Neteller
- PayPal
Please note that withdrawal methods and processing times may vary depending on your location and the specific method you choose.
Fees and commissions
Libertex offer commissions and fees are detailed given below,
| Category | Details |
|---|---|
| Spreads | From 0.0 pips (depending on assets) |
| Commisions | From 0.0% (depending on the underlying asset) |
| Leverage of all assets | |
| Major currency pairs | 3.33%, 1:30 |
| Minor & exotic currency pairs | 5%, 1:20 |
| Gold | 5%, 1:20 |
| Other commodities | 10%, 1:10 |
| Stocks & ETFs | 20%, 1:5 |
| Major indices | 5%, 1:20 |
| Minor indices | 10%, 1:10 |
| Crypto | 50%, 1:2 |
| Margin adjustment | Up to 0.3% (Libertex platform only) |
| Fees | |
| Inactivity fee | 10 EUR/GBP/CHF, 50 PLN (after 180 days) |
| Maintenance fee | 10 EUR/GBP/CHF, 50 PLN |
| Deposit fee | Free |
| Withdrawal fees | Depends on method used |
Customer support
Libertex offers 24/5 customer support to assist you with any questions or issues you may face.
- Phone: +357 25 010 401
- Email: support@help.libertex.com
Conclusion
Libertex is a reliable and legit broker, regulated by Cyprus Securities and Exchange Commission CySEC. It has over 25 years of experience, operates in 120+ countries, and offers strong security measures like segregated funds and negative balance protection.
With 300+ tradable assets, trading strategies, and a demo account, it’s suitable for both beginners and experienced traders. However, it doesn’t accept clients from certain countries like the USA and Russia.
Pro Tip
We believe you’ll see that Libertex is legit. Start trading with confidence today and grab your Welcome Bonus by creating an account with Libertex! Ready to trade smarter and build confidence with our trusted forex brokers check out insights into forex, CFDs, cryptocurrencies, and banking. We’re eager to hear your thoughts—drop your feedback in the comments below!
