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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.
Image 1: Home page in Libertex website.
Libertex trading platforms and websites have encrypted with Secure Sockets Layer (SSL), and also they protect Clients Personal data via SSL.
| Country | Company name | Registration details | Regulations |
|---|---|---|---|
| Cyprus | LIBERTEX Libertex | Licence Number: 164/12 Company Registration Number: 290930 | Cyprus Securities and Exchange Commission (CySEC) |
Libertex is registered in CySEC, and they provide service for their members across the registered member’s state. The service available countries are,
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Libertex received various awards for various fields, such as for its trading platforms, services, etc. Nearly they received 40+ awards worldwide.
| 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 |
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”.
Libertex offers 250+ trading assets on all of its trading platforms. The base currency is Euro and USD.
Table 3: Various trading instruments available in Libertex
| Instrument types | Features to trade in AvaTrade | |||||
|---|---|---|---|---|---|---|
| Popular CFDs |
Available Popular Libertex CFDs are,
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| Stocks CFDs |
Libertex Stock CFDs are Classified into, |
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Libertex Stocks available to do CFD trading are, |
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| Forex CFD Trading |
Available Currency Pairs in Libertex are, |
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Major Currency Pairs
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Cross Currency Pairs
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Exotic Currency Pairs
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Advantages of Forex Trading with Libertex
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| Indices CFDs |
Libertex Indices Categories are, 1) North America CFDs 2) Europe CFDs 3) Asia CFDs 2) Middle East CFDs 1) South America CFDs Available Libertex Indices are, |
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| ETFs CFD |
Libertex Tradable ETFs to do CFD trading are,
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| Commodities CFDs |
Available Commodity Products in Libertex |
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Metals
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Agriculture
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Oil and Gas
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| Crypto CFDs | ||||||
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Libertex Cryptocurrencies |
Libertex Crypto/Fiat Currency pairs |
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Image 3: CFD specifications in Libertex.
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 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).
Image 4: MetaTrader 4 in Libertex.
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.
Image 5: MetaTrader 5 in Libertex.
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 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 |
Libertex provides two types of live accounts with one free demo 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 |
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 |
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.
Image 6: Demo Account in Libertex.
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 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.
Image 7: Deposit methods in Libertex.
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.
Image 8: Available withdrawal methods in Libertex.
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 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,
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 |
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.
Image 9 : Webinars in Libertex.
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.
Image 10 : Economic Calendar in Libertex.
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