Trading field can be a puzzle for Beginners. As with all other fields, trading also needs proper education and information. Selecting the broker platform is the most important task and tradingcritique.com helps you in this by providing the Broker Reviews of broker platforms available worldwide. Here in this article, tradingcritique.com gives you the Broker Review of Libertex which is the Top 3 Broker of Germany this 2023. You can find a detailed product guide of Libertex with its regulations in the upcoming sections.
Libertex (https://libertex.com/) is one of the famous online CFD and Forex brokers, and it has established in Limassol, Cyprus. The company was regulated and authorized by FCA and CySEC. It starts in 1997 and successfully operate for 23 years in the market.
Libertex provides websites in 8 different languages like English, Deutsch, Espanol, Francais, Italian, Netherlands, Polski, Portuguese. They offer 250+ trading assets, and they receive 40+ international awards. The available trading platforms are MetaTrader 4 and MetaTrader 5, running on Mobile and Web.
Libertex offers a free demo account and a variety of deposit/withdrawal methods. There is no deposit fee, and the initial deposit amount is low. They provide 24/5 customer support via 7 different languages.
Regulation and Trustability
Libertex is an award-winning forex and CFD broker, and they receive various awards internationally. It was approved and controlled by Financial Conduct Authority (FCA) and Cyprus Securities and Exchange Commission (CySEC).
Libertex does not accept any customers and operate in any of the following restricted countries, such as,
Libertex trading platforms and websites have encrypted with Secure Sockets Layer (SSL), and also they protect Clients Personal data via SSL.
Table 1: The regulations of Libertex.
| Country | Company name | Registration details | Regulations |
|---|---|---|---|
| Cyprus | LIBERTEX Libertex | Licence Number: 164/12 Company Registration Number: 290930 | Cyprus Securities and Exchange Commission (CySEC) |
Cross Border Services
Libertex is registered in CySEC, and they provide service for their members across the registered member’s state. The service available countries are,
| Austria Belgium Bulgaria Croatia Czech Republic Denmark Estonia Finland France Germany | Greece Hungary Ireland Italy Latvia Liechtenstein Lithuania Luxembourg Malta | Netherlands Norway Poland Portugal Romania Slovakia Slovenia Spain Sweden |
Awards received by Libertex
Libertex received various awards for various fields, such as for its trading platforms, services, etc. Nearly they received 40+ awards worldwide.
Table 2: Awards received for the excellency of Libertex for various domains.
| Awards | Awarded by |
|---|---|
| Best Trading Platform 2020 | European CEO Awards |
| Best Trading Platform 2020 | FX Report Awards |
| Best FX Broker, Europe 2020 | FX Report Awards |
| Best Trading Platform 2020 | World Finance |
Fraud Warnings
Libertex has mentioned that many fake companies are using their names and logos like Libertex. Also, in Germany, a company called “Mark Fisher” has been contacting Libertex customers claiming to be a subsidiary of Libertex. They mention, “If someone loses their money with a fake company like the unregistered name of Libertex, Libertex does not take responsibility”.
Investments, Products, and Instruments
Libertex offers 250+ trading assets on all of its trading platforms. The base currency is Euro and USD.
The Libertex trading assets are,
- Popular CFDs – 9
- Stocks – 155
- Cryptocurrencies – 70
- Forex – 50+
- Metals – 5
- Indices – 20
- Agriculture – 6
- Oil and gas – 5
- ETFs – 10
Table 3: Various trading instruments available in Libertex
| Instrument types | Features to trade in AvaTrade | |||||
|---|---|---|---|---|---|---|
| Popular CFDs | CFD trading means Contact for Differences trading. Libertex Provide 9 Popular CFDs along with different trading assets. Available Popular Libertex CFDs are, DAX Dow Jones GameStop Corp. Brent Crude Oil AMC Entertainment Holdings, Inc. SHIB*1000/USD Light Sweet Crude Oil EUR/USD Dogecoin | |||||
| Stocks CFDs | Libertex provides 155 popular Stocks. Libertex Stocks has classified into 12 categories, such as Libertex Stock CFDs are Classified into, | |||||
| Medical Cannabis CFDs Materials CFDs Technologies CFDs Industrials CFDs Industrials CFDs Consumer Services CFDs | Luxury CFDs Telecommunications CFDs Consumer Goods CFDs Energy CFDs Healthcare CFDs Automobile Industries CFDs | |||||
| Libertex Stocks available to do CFD trading are, | ||||||
| Vale ALCOA Slack Technologies Norilsk Nickel Adidas AG IndiTex SA The Coca-Cola Procter & Gamble Nike VINCI SA Activision Blizzard GameStop Corp. Visa | Facebook Intel Microsoft Amazon.com Apple nVidia Snap Baidu Spotify Yandex IBM | Adobe Systems Hewlett-Packard Oracle Cisco Systems Lenovo Group Salesforce.com Netflix Dropbox Tencent Holdings Siemens AG Survey Monkey SAP SE | ||||
| Forex CFD Trading | Forex CFD Trading Libertex has three types of currency pairs – Major, Cross & Exotic Currency pairs Leverage – Major currency pairs – 30:1 Leverage – Major currency pairs – 20:1 Libertex currency pairs – 50+ Available Currency Pairs in Libertex are, | |||||
| Major Currency Pairs EUR/USD GBP/USD USD/JPY USD/JPY USD/CHF NZD/USD USD/CAD | Cross Currency Pairs EUR/JPY GBP/JPY CAD/JPY NZD/JPY EUR/CAD EUR/GBP EUR/AUD | Exotic Currency Pairs EUR/RUB EUR/MXN EUR/SGD USD/RUB USD/SGD GBP/SEK CHF/SGD | ||||
| Advantages of Forex Trading with Libertex Negative Balance Protection Low Brokerage Fee – 0.006%250+ trading instruments Demo account – 50,000 EUR | ||||||
| Indices CFDs | Libertex provides the famous 20 Stock indices from American, Asian, and European economies. Indices are divided into 5 categories. Libertex Indices Categories are, 1) North America CFDs 2) Europe CFDs 3) Asia CFDs 2) Middle East CFDs 1) South America CFDsAvailable Libertex Indices are, | |||||
| Dow Jones NASDAQ 100 S&P 500 RUSSELL 2000 MEX BOLSA Index U.S. Dollar Index Future Volatility index | DAX EURO STOXX 50 Spain 35 Italy 40 FTSE 100 Russia50 Index AEX | China A50 Hang Seng Index Nikkei 225 Israel 35 Chile Index CAC 40 | ||||
| ETFs CFD | Exchange-Traded Fund (ETF) trading is the most popular trade in the world. Libertex provides 10 ETF CFDs. Libertex Tradable ETFs to do CFD trading are, iShares Core U.S. Aggregate Bond ETF iShares MSCI Germany ETF iShares MSCI United Kingdom ETF iShares MSCI Mexico ETF iShares MSCI Brazil ETF iShares China Large-Cap ETF iShares Core S&P Mid-Cap ETF iShares Latin America 40 ETF SPDR S&P 500 ETF Trust Vanguard FTSE Europe ETF | |||||
| Commodities CFDs | Libertex has divided Commodities into three different categories –Metals, Agriculture, Oil & Gas. Leverage – 10:1 Available Commodity Products in Libertex | |||||
| Metals Gold Silver Copper Platinum Palladium | Agriculture Coffee Cocoa Wheat Corn Sugar | Oil and Gas Brent Crude Oil Henry Hub Natural Gas Heating Oil WTI Crude Oil Light Sweet Crude Oil | ||||
| Crypto CFDs | Libertex provides 70 popular Bitcoin and a widespread of altcoins. The brokerage fee is half-half to reduced due to the popularity of the instrument. Maximum Leverage – 2:1 | |||||
| Libertex Cryptocurrencies Bitcoin Litecoin Bitcoin Cash Bitcoin Gold IOTA NEO Tron Nem Stellar Cardano | Libertex Crypto/Fiat Currency pairs Bitcoin Cash/Bitcoin Litecoin/Bitcoin Bitcoin/EUR Bitcoin Gold/Bitcoin Bitcoin Gold/Ethereum NEO/Bitcoin EOS/Ethereum Ethereum Classic/Ethereum IOTA/Ethereum Litecoin/Ethereum | |||||
Trading Platform
Libertex provides three types of trading platforms namely,
Trading Platform’s Softwares are designed for a user-friendly experience and run on both mobile and web. Libertex Trading Platform also provides a free demo account with 50,000 Euros.
MetaTrader 4
MetaTrader 4 is the world’s number one professional trading platform. With MT4 Spread level starts from 0.0 pips. The fees amount starts from 0.04 Euro. They provide EUR, GBP, PLN, and CHF as account base currencies. MT4 also offers automatic trading. They provide trading platforms on Mobile (Android and iOS) and Desktop (Windows).
Features and Advantages of Libertex MT4
MetaTrader 5
MetaTrader 5 is the latest version of MetaTrader, and it is the fastest version of MetaTrader. They offer trade markets assets such as Stocks, Indices, Commodities, Cryptocurrencies, ETFs, etc.
The spread level starts from 0.00 pips and Fee is low for trading. The trading leverage is 1:500 for Pro clients. They also offer a Hedging option, and it also provides automated trading.
Features and Advantages of Libertex MT5
Libertex Trading Platform – Mobile Trading
Libertex provides a user-friendly and advanced mobile-based trading platform. They offer a Libertex trading account from this platform. You can access 250+ trading instruments.
These platforms provide a free demo account for practice with 50,000 Euros. The minimum trade volume is 20 €/£/₣. And the maximum leverage is up to 1:999 for professional clients.
Libertex Mobile trading platform is available on both Android (Google Play Store) and iOS (Apple App Store).
Libertex Trading Websites – Continent wise
Libertex provides various trading websites in different languages. Most of the countries are supported in English. Let us see in the below table the list of languages available for the Libertex Website.
Table 4: Multilingual trading websites of Libertex segregated continent wise
| No | Libertex Trading Websites | Countries | Website Language |
|---|---|---|---|
| 1. | Libertex (Main) | Global | English |
| Continent 1 – EUROPE | |||
| 2. | Libertex Francais | France | French |
| 3. | Libertex Italian | Italy | Italian |
| 4. | Libertex Espanol | Spain | Spanish |
| 5. | Libertex Deutsch | Germany | German |
| 6. | Libertex Portuguese | Portugal | Portuguese |
| 7. | Libertex Polski | Poland | Polish |
| 8. | Libertex Dutch | Dutch | Netherlands |
| Continent 2 – ASIA | |||
| 9. | Libertex 简体中文 | China | Simplified Chinese |
| 10. | Libertex 繁體中文 | China | Traditional Chinese |
| 11. | Libertex tiếng Việt | Vietnam | Vietnamese |
Account Types
Libertex provides two types of live accounts with one free demo account.
Retail Account
Libertex retail account has a minimum deposit amount of 100 Euros. The spread starts from 0.0 pips, and the trading commission is as low as 0.006%. They allow trade for all types of trading instruments.
The minimum trading lot size is €20. The maximum leverage amount is up to 1:30. Libertex account’s base currency is USD, GBP, EUR, CHF, JPY, CAD, AUD, NZD, and RUB.
Libertex Retail account features:
| Account Base Currencies | USD, GBP, EUR, CHF, JPY, CAD, AUD, NZD, and RUB |
| Leverage | 1:30 |
| Minimum Deposit | 100 Euros |
| Spread | 0.0 pips |
| Trading commission | Low |
| Trading Instruments | Currencies, Indices, Cryptocurrencies, Commodities, Shares, Stocks |
| Demo account | Yes |
| Trading Platforms | MT4, MT5 |
Professional Account
Libertex provides a PRO account with multiple assets such as Commodity, Stocks, Bonds, Indices, etc. The minimum deposit amount is €100, and the maximum Leverage is up to 1:999.
You should have at least one year of experience in trading using retail accounts or professional experience in financial services. You have to maintain a portfolio of financial instruments which has a value of more than EUR 500,000.
Trading platforms also provide a free demo account for PRO account holders. Different trading platforms provide different leverages.
Libertex professional account features:
| Account Base Currencies | USD, GBP, EUR, CHF, JPY, CAD, AUD, NZD, and RUB |
| Leverage | 1:999 |
| Minimum Deposit | 100 Euros |
| Spread | 0.0 pips |
| Trading commission | Low |
| Trading Instruments | Currencies, Indices, Cryptocurrencies, Commodities, Shares, Stocks |
| Demo account | Yes |
| Trading Platforms | MT4, MT5 |
Demo Account
Libertex provides a lifetime free Demo Account with virtual funds of 50,000 Euros. You can able to trade and practice with the virtual amount on all types of trading assets at any time.
Loyalty Programme
Libertex offers a Loyalty Programme status to its customers with some benefits. The reason for this programme is that Libertex customers’ will increase and maintain their account volume and their trading activities.
Libertex Loyalty Programme availability is dependent on the following things, such as,
Libertex Loyalty Programme benefits are,
Fees, Commissions, and Bonus
Libertex minimum deposit amount is 10 EURO for all types of trading and deposit methods, except Bank Transfer. They provide a wide range of deposit methods.
Libertex Deposit methods are,
The trading commission is less, and the minimum deposit fee is 0. The Deposit methods processing time is instant except for bank transactions. Banks Transaction processing time takes up to 3 to 5 days.
Libertex Withdrawal methods are,
The transaction fee starts from free of cost to a maximum of 10 Euro. Withdrawal time takes up to a maximum of 5 business days.
Libertex offers a welcome bonus for new traders. The bonus amount for you will be from $100 to $10,000 depending on the initial funding amount of the person you referred to Libertex. You can withdraw your bonus amount, and also you invest this amount in your trade.
Libertex Welcome bonus features:
Customer Support
Libertex provides customer support via Facebook chat, WhatsApp, Live Chat, Email, and Phone calls. They serve 24/5 client support with multilingual language support.
The responding time is too good, and they answer quickly via phone call. You can also get answers to related questions from Live chat and social chat. But the FAQ page contains only less information.
You can contact Libertex via,
- Telephone: +357 22 025 100
- Fax: +357 22 025 222
- E-Mail: info@libertex.com
The 7 languages in which Libertex provides live customer support are,
- English
- French
- Italian
- Portuguese
- Dutch
- Spanish
- German
Table 5 : Phone numbers to contact Libertex Continent wise
| Countries | Libertex Contact Number |
|---|---|
| International Phone Number | +357 22 025 100 |
| EUROPE | |
| Cyprus | +357 22 025 100 |
| SOUTH AMERICA | |
| Argentina | +54 (11) 5246-1884 |
| Chile | +56 (2) 3210-9025 |
| Colombia | +57 (1) 508-7070 |
| Ecuador | +593 (4) 375-5254 |
| Peru | +51 (1) 707-1460 |
| Other Countries | +54 (11) 5246-1884 |
| NORTH AMERICA | |
| Mexico | +52 (55) 8526-6972 |
Education and Research
Libertex has a short education section that incorporates Video, Webinars, News, Blogs, and Articles. Blogs contain four major topics like Forex, Trading, Trading option CFDs, and Cryptocurrencies.
They provide a demo account with tutorial videos. The Libertex Webinar has News related to markets analysis, and they upload monthly basis. The webinar video duration has up to 20 minutes.
Libertex provide YouTube channels and playlist name as Libertex LATAM, Libertex Vietnam. They provide videos in different languages.
Libertex has one economic calendar, and it provides Worldwide Economic news details. You can segregate the events and select your comfortable date from the monthly calendar. You can segregate and filter the events into Today, Tomorrow, 2 Days, This week, Next week, this month and view it. You can also filter and get information on the country basis, time basis, and level basis.
