Libertex Review
Libertex is a well-regulated broker with a reasonable selection of tradable products. The broker offers MT4, MT5 and its proprietary Libertex trading app. In addition, the broker offers fixed, and zero spreads accounts with tight spreads and low commission. Various payment options and no deposit fees also help traders to process funds freely.
Libertex is an online forex and CFD broker. Indication Investments Ltd., a Cyprus Investment Firm, is the parent company of the broker, established in 1997. Indication Investment Ltd. is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC). Moreover, for non-EU clients, Libertex is operated by Libertex International Company LLC who are registered in St. Vincent and Grenadines.
Libertex offers a generous selection of over 250 CFD trading instruments from various asset classes, including currency pairs, cryptocurrencies, stocks, indices, options, commodities and ETFs. The broker uses the STP execution model to facilitate trades which means that you can get your positions placed at some of the best prices on the markets without any dealing desk interference.
In addition to a good range of CFDs, Libertex also provides commission-free crypto and real stocks trading. Moreover, the broker offers tight spreads and low commissions, providing ideal trading conditions to its clients.
Libertex offers convenient online trading via multiple trading platforms such as MetaTrader 4, MetaTrader 5, and their very own Libertex trading platforms on multiple devices. In addition, the broker provides a bundle of trading tools to help you analyse the markets and make informed decisions. The broker also provides multiple educational resources and research tools to educate its clients and help them improve their skills.
Libertex has over two decades of expertise in providing trading services with the strict regulation of CySEC. The broker provides negative balance protection to its clients and keeps their funds in segregated bank accounts. In addition, the broker provides an investor compensation scheme. Moreover, the broker offers various trading platforms such as MT4, MT5 and its own proprietary Libertex trading platform. Plus, the broker offers trading with tight spreads starting from just 0.0 pips and relatively low commission fees starting from $0.03. The broker offers 250+ financial products to trade with ideal conditions. Libertex also provides commission-free real stock and crypto trading. The broker requires a low minimum deposit to get started. In addition, Libertex does not charge any deposit fee from its clients. Moreover, fixed spread accounts are also available. Libertex also provides demo trading. The account opening process is comparatively fast and fully digital. Lastly, the broker does not charge an inactivity fee from its clients.
On the other hand, Libertex or its parent company are not public companies. Therefore, the financial information is not available as well. In addition, the company does not have a banking licence. Libertex charges certain withdrawal fees for using some payment options. The accounts options are also limited for clients and they do not offer as many financial instruments as leading brokers such as IG do, who have a huge selection of over 18,000 to choose from in comparison.
Let’s summarise the pros and cons of the broker.
Libertex provides a good variety of over 250 trading instruments that include various asset classes such as forex, cryptocurrencies, commodities, indices, options and ETFs. However, the broker does not offer other asset classes such as bonds. You could consider AvaTrade instead if you are looking to trade bonds with a regulated broker.
Libertex Instruments Summary
| Instruments | Libertex |
|---|---|
| Forex | ✓ |
| Stocks | ✓ |
| Indices | ✓ |
| Commodities | ✓ |
| Cryptos | ✓ |
| Options | ✓ |
| Bonds | x |
| ETFs | ✓ |
| CFDs | ✓ |
Commission and Spread Fees
Libertex provides different accounts types with respect to its trading platforms. Overall, I think they have very good spreads and commission fees, with flexible account types to suit every type of trading strategy.
- On the MT4 account, you can start trading with 0.0 pip and a commission fee starting from $6.
- On the MT5, you have two account options. You can either choose to do commission-free trading with tight spreads starting from 0.6 pips. Or you can choose zero pip spreads while paying a commission fee of $7.
- On the Libertex trading platform account, spreads start quite high from 1.3 pips but you do not have to pay any commission fee.
| Fee | MT4 | MT5 Instant | MT5 Market | Libertex |
|---|---|---|---|---|
| Commission (per standard lot per side) | $6 | $0 | $7 | $0 |
| Spreads from | 0.0 | 0.6 | 0.0 | 1.3 |
Deposit and Withdrawal Fees
Libertex does not require any deposit fee for using any payment method. However, there is a certain withdrawal fee for particular payment options. A 0.5% withdrawal fee is charged for using wire transfers and a €1 withdrawal fee for using credit/debit cards. In addition, there is a 1% withdrawal fee for using some electronic payment services.
Inactivity Fees
Libertex does not charge inactivity fees from its clients which is great and an advantage they have over quite a few brokers who do.
Libertex provides two trading platforms, both of which have simple user interfaces and are completely free to use. They have the well-known MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms, as well as their proprietary Libertex trading platform. The MetaTrader platforms are very common and you will find them freely available to use via many other brokers including Pepperstone.
MetaTrader 4 (MT4)
MT4 is one of the most well-known and commonly utilised trading platforms by traders all around the world. It is well-known for its easy-to-use interface and built-in trading features. It is easy enough for new traders to utilise while also giving enough capability for expert traders.
MT4 is available for free on the desktop (Windows / Mac), online, and mobile platforms (iPhone / iPad / Android / Tablet). Because the online version works directly in most common browsers, there is no need to download or install any software. The MetaTrader app is excellent for customers who want to access their accounts and trade while they are on the move.
In the market monitor window, MT4 provides real-time price quotations for trading instruments. Users may load charts in 9 different periods and make orders in a variety of ways. There is over 30 technical indicators and graphical items built-in for chart analysis. Chart Templates for your trading techniques may be created and saved.
The MT4 platform includes a vast online community where people contribute various tools and ideas. The site has tabs where you can check signals from other traders, as well as a marketplace where you can buy extra indicators and expert advisors (EAs). There is also the MetaEditor interface, which allows users to create their own indicators and EAs in the MQL language. The strategy tester allows EAs to be backtested using historical data.
MetaTrader 5 (MT5)
Libertex’s MT5 platform is available as a desktop platform and a mobile application via the Apple App Store and Google Play. Because of its impressive set of charting tools and fast execution, MT5 is one of the most popular trading platforms in the market. As such, it provides leading trading features such as economic news, Expert Advisors, trading signals, powerful technical indicators, and a wide choice of plugins and is appropriate for a variety of trading styles and techniques.
There are several advantages to using MT5 since the platform represents an all-in-one idea, provides remarkable analytical tools, and has a modern appearance with the ability to open hundreds of charts and execute analysis using genuinely powerful institutional-grade capabilities.
Another well-known aspect of the MT5 platform and its predecessor is the wide choice of indicators and add-ons with various plugins aimed to improve your trading ability. There are no indicator limitations because the built-in MetaTrader MQL Market provides the most comprehensive marketplace for purchasing or renting created technical indicators and other innovative tools created by the diverse MQL community.
Expert Advisors are also improved in MT5, with copy trading functionality created exclusively for MT5’s sophisticated technologies. One of the platform’s most striking features is precisely Algorithmic Trading based on next-generation MQL5. EAs indicate automatic trading using specialised apps and match built environment via MetaEditor, enabling users to select or construct their own settings.
Another nice feature is that MT5 enables simpler backtesting and strategy execution, whereas MT4 requires backtesting to be performed on a VPS or locally. A total of 12 additional periods have been added, all of which are designed exclusively for scalpers and high-frequency traders. MT5 also has 38 built-in technical indicators, compared to 30 in MT4. In addition, you may now make an infinite number of charts!
The news stream has been converted into an economic calendar, which displays stories and events. For each incident, the effect degree, asset impact, and various price movement possibilities are indicated. Keep track of important events and use the calendar to take action on time. T
he improved code in MQL5 enables traders, developers, and trading specialists to design advanced indicators, operate trading robots, and implement utility apps. MQL5 applications are now based on the positioning system rather than the order system of MQL4.
Libertex Mobile App
Libertex has developed its own unique trading platform, which is extremely user friendly due to its simplicity and ease. You can trade Forex CFDs by using the easy-to-use Libertex trading app, which includes a plethora of risk management features. Online, you may make quick withdrawals. Users may access all trading tools and products, including Forex, Cryptos, and CFDs, through this modern and intuitive platform. I found the platform easy to use and navigate, but the overall functionality is lacking when compared to the capabilities of the MetaTrader platforms.
Area charts, candlestick charts, Heiken Ashi charts, and line charts are all available to traders. Charts may be presented on a variety of timescales ranging from one minute to one month. The platform has an incorporated real-time news and market forecast stream. There is also a part on fundamental analysis.
The website includes the most common technical indicators, which are divided into Volatility, Trend, and Oscillator categories. It also comes with a plethora of risk management features.
Libertex does not charge a spread on its platform but rather a tiny commission fee starting at 0.03 percent. To test the platform, practise demo accounts with €50,000 are available. Any device, including PC and mobile (Android/iOS), may access the platform. The mobile app is excellent for people who want to trade on the go from anywhere in the globe with an internet connection. I always like to be able to take the markets with me in my pocket and keep track of my positions whenever I feel like it.
Trading Central
Trading Central, a third-party market analysis tool, is supported by the Libertex platform. Trading Central feeds real-time trading indications and possible setups into the platform. I think this is a fantastic tool for market analysis and would always look for a broker who offers it at no additional cost. It can scan your favourite instruments for customised trading signals and send you alerts to act accordingly. This can literally save you from many hours of mundane chart watching. You can get access to Trading Central via other brokers including IronFX.
Libertex Platforms Summary
| Platform | Libertex |
|---|---|
| MetaTrader 4 (MT4) | ✓ |
| MetaTrader 5 (MT5) | ✓ |
| cTrader | x |
| Proprietary | ✓ |
| Desktop | ✓ |
| Web | ✓ |
| Mobile | ✓ |
| Social Trading | ✓ |
| Other | x |
New traders will want to select a broker who provides adequate research and training resources to help them develop the abilities they need to make important trade decisions. These instructional resources span from the foundations of Forex trading to more sophisticated Webinars and courses that can also be beneficial to intermediate traders. Libertex has a somewhat complete set of training tools, including informative seminars that explain the fundamentals of trading for novices. Libertex also provides a free demo account via which prospective traders may become acquainted with the company’s features before opening a real money trading account.
Trading Course
This course covers all the basics of forex trading and is a great place to get started if you have no prior experience. I found the guides easy to follow but perhaps quite basic for those of you who already have some trading experience.
Live Webinars
There are plenty of recorded live webinars on the websites with useful information. In addition, clients can register for upcoming webinars as well. There they can ask a question related to trading and get feedback from industry professionals.
News
In this section, you will find all the latest market news that can be used as part of your fundamental analysis of an asset. I think this is a vital part of any trading strategy and always like to make sure that I am fully aware of what is going on around the global markets.
Blog
On the broker’s blog, you will all sorts of educational content and market research.
Economic Calendar
The economic calendar has all the macroeconomic events of all the nations that affect the movements of markets. This is another very useful tool to keep informed about what is happening in the markets and the impact that it may have on your positions. You can also get access to an economic calendar within the MT5 platform which I find much more convenient than needing to constantly switch between tabs when checking the news.
Research Overview (Yearly)
In this section, you’ll find the market research overview of all asset classes in the past year. You can also use this information to plan the upcoming opportunities. This is a unique feature that I have not seen many other brokers provide, so it helps Libertex stand out from an already crowded industry.
Libertex Research and Education Summary
| Resources | Libertex |
|---|---|
| Market Analysis | ✓ |
| Guides | ✓ |
| Videos | x |
| Webinars | ✓ |
| Autochartist | x |
| Trading Central | x |
| Economic Calendar | ✓ |
| Other | x |
Libertex offers a good choice of flexible payment options for deposits and withdrawals, including bank (wire) transfers, debit/credit cards and e-wallets. Even though the broker offers crypto trading, they do not offer crypto as a payment method, which could be a drawback for some traders who use cryptocurrencies frequently to process their transactions. If you are looking for a broker that support crypto funding, then RoboForex is an alternative option to consider. They also have a great selection of over 12,000 financial instruments for trading with very competitive conditions.
Libertex Funding Summary
| Payment Method | Deposit | Withdrawal |
|---|---|---|
| Wire Transfer | ✓ | ✓ |
| Credit/debit Card | ✓ | ✓ |
| Electronic Wallets | ✓ | ✓ |
| Cryptos | x | x |
Libertex is owned by Indication Investments Ltd., a Cyprus Investment Firm that is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC). Moreover, Libertex.org is operated by Libertex International Company LLC, is registered in St. Vincent and Grenadines.
Libertex Regulation Summary
| Regulator | Libertex |
|---|---|
| ASIC (Australia) | x |
| IIROC (Canada) | x |
| CySEC (Cyprus) | ✓ |
| SFC (Hong Kong) | x |
| JFSA (Japan) | x |
| MAS (Singapore) | x |
| FINMA (Switzerland) | x |
| FCA (UK) | x |
| CFTC (USA) | x |
| Other (FSA) | ✓ |
Libertex Safety
Libertex is a member of the Investor Compensation Fund (ICF), which can give qualifying clients some compensation if the firm is unable to meet its financial responsibilities. Client money is kept separate from those of other financial institutions in segregated accounts. This is done so that the customer money cannot be utilised for anything else, such as business operating expenditures. Negative balance protection is in effect, which means that your account should not go below the amount you initially invested.
Libertex provides 24/5 client support via live chat, phone call and email. I think there is room for improvement in this area by extending support hours to weekends in order to keep up with some of the competition such as Fortrade.
Libertex is a well-established, licenced, and award-winning online broker that provides user-friendly trading platforms and apps as well as a diverse choice of financial products. The Libertex proprietary trading platform includes a number of valuable trading tools to aid with your market analysis and ensure that you have the resources to help you make informed decisions. There is a decent amount of educational content and demo accounts for beginners to get a feel for trading and investing online with the risk. However, I think they could improve by adding some more instruments and offering crypto funding along with 24/7 support. Overall, I feel that Libertex can be a good choice of broker for anyone looking to trade online in a regulated environment with very competitive conditions and minimal fuss.
