LiberTex Review 2024: Pros and Cons

WHAT IS THE LIBERTEX TRADING PLATFORM?

The Libertex trading platform is over 10 years old and has since introduced quite a variety of features. There is a lot to discover about this platform, so let’s take a closer look.

The Libertex trading platform was established in 2012 as a Libertex International Company LLC member, an organization founded in 1997. The platform has a staggering 3 million clients worldwide. The broker has two entities; European and global. However, the platform is not available in countries who have restrictions.

These include Russia, the USA, Japan, and others. Unfortunately, if you are from those countries, you cannot open an account with Libertex. I mentioned that the platform had won several awards over the past 20 years. The most recent ones are:

• “Most Trusted Broker LATAM” (Ultimate Fintech Awards, 2022),
• “Best Crypto CFDs Broker” (Ultimate Fintech Awards, 2022) and
• “Best Trading Platform” (FXFX Report Awards, 2022).

Libertex homepage

WHAT ARE THE LIBERTEX TRADING PLATFORM'S REGULATIONS?

As a trader, my concern is the broker’s regulations. I am sure you must be concerned about the safety as well. Let’s take a look at how Libertex regulates its platform.

The broker has regulations from the CySEC (Cyprus Securities & Exchange Commission), a renowned regulatory body.

HOW DOES LIBERTEX WORK?

We know that the platform offers more than 250 assets. These include forex, stocks, commodities, and more. Let’s examine the assets in further detail.

Forex

1. GBP/USD
2. EUR/USD
3. USD/CHF
4. USD/JPY
5. AUD/USD, and more.

Stocks

1. Apple Inc.
2. Twitter
3. Nike
4. Coca-Cola
5. Tesla Motors, and so many more.

Commodities

1. Brent crude oil
2. Coffee
3. Sugar
4. Gold
5. Platinum
6. Cocoa, only to name a few!

Indices

1. US SPX 500
2. Russia50 index
3. DAX
4. US NASDAQ 100 cash
5. Italy 40, and more!

ETFs

1. iShares core US aggregate bond
2. iShares MSCI United Kingdom
3. iShares MSCI Mexico
4. iShares MSCI Brazil

The following cryptocurrencies are available on Libertex:

1. Bitcoin
2. Bitcoin/EUR
3. Ethereum
4. XRP
5. Bitcoin cash
6. Litecoin/Bitcoin
7. Ethereum/Bitcoin, and more!

The rest of the assets are listed on their website. Feel free to go through them!

Libertex assets page

Brokers like “Forex Chief” don’t offer instruments in their asset segment.

HOW DOES THE LIBERTEX TRADING PLATFORM WORK?

Libertex has two types of accounts. Furthermore, trades benefit from using the best platforms in the game – with both these accounts.

Libertex provides three platforms; Libertex, MetaTrader 4, and MetaTrader 5. Here are the details about the platforms.

LIBERTEX NATIVE TRADING PLATFORM

This is the broker’s primary platform. It offers a wide range of features, such as:

• Advanced charting tools
• Depth of Market
• Easy order placement tools
• History services to track past performance,
• Technical indicators.

There are more than 180 tradable assets on this platform. You can trade both via the web version and on the mobile version of the platform. The mobile version is convenient for managing your trades anywhere and anytime.

LCG Trader platform

MT4

The MT4, or Metatrader 4, is another platform on Libertex. If you are a trader, you would have already heard of this. It is the king of trading platforms, which offers efficiency and performance. It is especially useful for trading with foreign currency. This platform is fit for everyone, from novice to expert traders.

MT5

Like MT4, MetaTrader 5 or MT5 is a popular platform. It is a step up from the MT4, providing 12 new timeframes and 38 technical indicators (compared to 30 in the MT4). There is also no limit on how many charts you can create.

MT5 is a versatile platform suited to experienced traders’ needs. Both MT4 and MT5 are available on mobile, Android, and iOS. The mobile versions provide virtually the same usability as the desktop versions.

Similar to Libertex, Forex Club supports MetaTrader 4 and 5 as trading terminals on its platform.

WHAT TRADING INDICATORS ARE AVAILABLE?

While trading, I combine technical and fundamental analysis. One of those tools is technical indicators. Libertex offers more than 45 technical indicators according to the platforms we just reviewed, including:

1. RSI – relative strength index
2. Awesome oscillator
3. Stochastic Oscillator
4. Volatility
5. Moving Averages,
6. Parabolic SAR, and many more.

WHAT ARE LIBERTEX TRADING ACCOUNTS?

Libertex likes to keep things simple when it comes to trading accounts — there are only two account types. Let me explain what the account types are.

The Libertex trading platform offers two account types: Libertex Portfolio and Libertex CFD. Let’s go through them:

1. LIBERTEX CFD ACCOUNT

The CFD trading account is the standard account, and has a minimum deposit of 100 EUR. There is also a demo version available for this account type. I used the demo account for a while before getting the standard CFD Libertex account so I could get a feel for the broker without putting much money at risk.

With this account type, you can get plenty of research tools and education to help you in your trading journey. I should warn you that this account has high volatility and risk. However, you can trade all stocks, commodities, forex, ETFs, metals, agriculture, etc.

2. LIBERTEX PORTFOLIO ACCOUNT

This is a newer account type, and it does not have a demo version. The volatility here is moderate, and the risk is low. You can only trade stocks and ETFs here.

Libertex Trading accounts page

DOES THE LIBERTEX TRADING PLATFORM OFFER A DEMO ACCOUNT?

Want to get a feel for the market before investing a large sum? Libertex has the option of a demo account for the CFD version. There is no time limit or restrictions for the demo account.

HOW SAFE IS THE LIBERTEX TRADING PLATFORM?

When selecting any broker, safety should be your priority. I am sure no one wants their hard-earned money at risk. But what about Libertex? Should you trust it?

We learned that the Libertex trading platform is regulated by CySEC, one of the best and most reputable regulatory bodies. Besides this, Libertex has:

• Two-factor authentication (2FA)
• 128-bit Secure Socket Layer (SSL) encryption to protect data across their web and mobile platforms
• Funds storage in different banks
• Encryption of data through Visa and Mastercard

WHO OWNS THE LIBERTEX TRADING PLATFORM?

I mentioned the answer to this question at the beginning of this review. Do you remember it? It’s okay if you don’t. Here, I’m going to talk about who owns the broker.

Libertex trading platform is a member of the Libertex Group. Libertex is operated by Forex Club International LLC, a company registered in St. Vincent and the Grenadines.

HOW TO DEPOSIT FUNDS IN THE LIBERTEX TRADING ACCOUNT?

When I deposited funds for the first time using this broker, I was astonished at the speed — I think it took about 30 minutes. The broker offers many deposit methods. So, let’s see what they are.

We know that the minimum deposit is 100 EUR. There is no initial deposit fee. Now let’s look at the deposit methods:

• Bank transfer
• Debit/credit card
• Skrill
• Paypal
• Neteller
• Sofort
• Trustly
• GiroPay
• iDEAL
• Multibanco
• P24
• Rapid Transfer.

The processing time varies depending on the method of deposit you choose; however, for the most part, the deposit is processed instantly.

HOW TO WITHDRAW FUNDS FROM THE LIBERTEX TRADING ACCOUNT?

Are the withdrawal methods the same as the deposit methods? How much time does it take for withdrawals?

Most of the withdrawal methods are the same as the methods of deposit. However, if you use Sofort, Trustly, Multibanco, GiroPay, or iDEAL methods of deposit, you must withdraw through another way. Some of how you can withdraw your funds are:

• Bank Transfers
• Credit/Debit cards
• Skrill
• Neteller
• UnionPay

Withdrawing can take longer than deposits, some taking up to five business days of processing. Also, I must add that only real account holders can make withdrawal requests.

HOW TO CONTACT THE LIBERTEX TRADING PLATFORM?

A good broker must have a good customer service program backing it. How does Libertex’s customer support score?

There are several ways to contact the broker. Libertex makes sure to keep the customers their number one priority.

The contacts are:

Customer Support

Phone: +35722 025100

Online form and Live Chat

E-mail: [email protected] or [email protected]

The customers can contact via the above methods anytime they want, as the customer support is available 24/7. Depending on your contact method, it takes about one hour to one business day to receive a response.

Libertex contact info page

DOES THE LIBERTEX TRADING PLATFORM OFFER BONUSES?

I’m sure you love free offers. Does Libertex provide any?

The broker does have a few bonus programs. Firstly, they offer a welcome bonus. You can find the details on their “bonus” page. They also have a loyalty program.

Libertex bonus page

HOW DO I MAKE MONEY WITH THE LIBERTEX TRADING PLATFORM?

When I first started trading, I came across the Libertex trading platform. It seemed intriguing, and I wanted to give it a try.

I ended up opening the traditional Libertex CFD account, and was struck by how beginner-friendly it was. The spreads were good, and I was surprised to learn that they have over 250 CFD underlying assets.

The minimum deposit was a bit higher than expected. However, my trading experience was good overall, and I still have an account with the broker. Let’s see what others have to say:

Discover top binary options brokers tailored to your region. Browse our curated lists by country:

All Brokers | Top Brokers | USA | Canada | UK | Australia | Nigeria | India | New Zealand | Germany | Turkey | Spain | France | Ukraine | China | Indonesia | Pakistan | Bangladesh | Russia | Mexico | Japan | Brazil | Philippines | Vietnam | Iran | South Africa | Italy | South Korea | Argentina