Libertex Review

  • Established in: 1997
  • Based in: Cyprus
  • Regulated by: CySEC
  • Active traders: 2,200,000+
  • Min deposit: $250
  • Max. leverage: 1:20
  • Spreads: Fixed

Libertex Review

Did you ever wondered is Libertex legit? We’ll try to cover this and more questions in this Libertex Review. Furthermore, you’re going to find in-depth details table below the whole text.

As most of the brokerage companies, Libertex is based and has an office in Limassol, Cyprus. With an active license number – 164/12. The broker doesn’t have more active licenses issued by other regulators like FCA. That should be considered, especially if you’re located in the UK, Germany, Italy. There are a lot of other brokers which are regulated in these countries.

The operator has a long experience which reaches 1997. However, Libertex website with all the infrastructure is a bit newer. With more than 2,2 million active traders from more than 40 countries, the broker has received around 30 global awards. It’s stated that the company has around 700 employees.

Libertex provides an ability to trade assets like indices, commodities including oil and gas, metals and agriculture, long list of currencies, and lately invader – cryptocurrencies. A total number of tradable assets have broken 177.

Libertex Fees and Spreads

Libertex states that it applies 0 spread for trading any of assets. However, additional commissions are added when trading most of the instruments. It should be double checked before starting to trade the desired asset.

Libertex Trading Experience

The broker is really concentrated to mobile technologies. It has applications for mobile devices and tablets. And they’re available for both kinds of operating systems – iOS and Android. Users can use a web trader as well. It’s a shame that no support of MetaTrader 4 is available. However, Web Trader looks promising and functional enough to complete all tasks and trades.

Customers have all tools for analyzing charts with top indicators. The trading window can go full screen with all these tools. The interface reminds Tradingview, which is great. Also, users can select their favorite assets for fast access.

Libertex Withdrawal & Deposit

People are asking what the Libertex Withdrawal methods and commissions are. Libertex allows withdrawing funds using bank transfer, Skrill, bank card, and Neteller. Also, please check the table below to find in-depth details such as fees and minimum & maximum withdrawal amount. Keep in mind that this table may change, so please double check the information before taking any actions.

Withdrawal method Currency available for a transfer
Commission Transfer time
Minimum amount
Maximum amount
Bank transfer EUR 0.5% min 2 EUR, max 10 EUR From 2 to 5 working days no no
Skrill EUR no instantly* 10 EUR 2 000 EUR
Bank card (Visa only) EUR 1 EUR 3-5 working days 10 EUR 10 000 EUR
Neteller EUR 1% instantly* 10 EUR 2 000 EUR

 

For deposits, Libertex accepts the wider selection of payment methods. However, that depends on the country. Check the table below with listed deposit methods, as well as commission, min. & max. amounts, etc. In addition, we highly recommend checking these details on the Libertex page before putting money in.

Deposit method
Currency available for a transfer
Commission
Transfer time
Minimum amount
Maximum amount
Bank transfer
USD, EUR, GBP customer bank commission only From 2 to 5 working days no no
Bankcard
EUR no Instantly 10 EUR 10000 EUR
Skrill
EUR no Instantly 10 EUR 10000 EUR
Sofort
(Germany, Spain, Italy, Austria)
EUR no up to 48h 10 EUR 3000 EUR
Ideal
(Netherlands)
EUR no up to 48h 10 EUR 10000 EUR
GiroPay
(Germany)
EUR no up to 48h 10 EUR 10000 EUR
Trustly EUR no up to 48h 10 EUR 10000 EUR
P24
(Poland)
EUR no up to 48h 10 EUR 10000 EUR
Neteller EUR no up to 48h 10 EUR 10000 EUR

Insights and Education

On every asset page, users find the latest feed of news related to the topic. It’s often updated and really helps when deciding open or close the position.

Libertex has a long and informative list of educational materials as well. Tens of videos are expanded with small articles and explanations. Lessons help new traders to faster understand how trading works, including some insights and deeper knowledge. Furthermore, Libertex provides a dictionary of most used terms. Sadly, it isn’t very informative enough. On the other hand, they provide a wider knowledge base on the help and support page. Their user finds not the FAQ only but can open a support ticket as well.

Plus, read their Key Information Document to understand more about how their operations work and what risks are involved.

In addition, on the page users find a short FAQ with additional details. But once again, it doesn’t look very helpful.

And finally, Libertex offers to open a demo account. We cannot give any better suggestion other than just playing around with test account before putting real money into the game.

Customer Support

Libertex provides several ways of support. First one – phone support. Another method for getting help – emails and help desk.

However, Libertex doesn’t give an option to use Live Chat support 24/7. It is a must, especially on these days when everyone wants to get answers instantly. On the other hand, chat is active on the working hours every business day.

Conclusion

In conclusion, Libertex is looking to become a solid and good place for trading. However, it still needs a lot of things to improve. From support and information to more transparency and clearness. Selection of payment methods is really poor and must be increased. Also, Libertex’s list of restricted countries is pretty long.

What we like: applications for all kind of devices, from mobile phones using Android to tablets using iOS. And clear user interface on the web trading platform.

Please double check rates and fees which are provided on Libertex page. Some of the information here may get outdated. Also, please read more reviews and insights about Libertex before stepping in. As usual, we do not give any ratings just to stay objective enough, especially when comparing and reviewing different brokers. 

Libertex Review updated in 2019 January.

Markets
  • Forex
  • Cryptocurrencies
  • Indices
  • US Stocks
  • UK Stocks
  • Energies
  • Metals
  • Agriculturals
  • Dow Jones
  • Dax
  • Nikkei
Accounts
  • Demo account
  • Mini account
  • Standard account
  • Managed account
Platforms
  • Webtrader
  • Mobile apps
Funding methods
  • Credit card
  • Bank transfer
  • Skrill
Features
  • Scalping
  • Hedging
  • Stop losses
  • Limit orders
  • Trailing stops
  • Price alerts
Account fees
  • Commission
  • Withdrawal fee
Spreads
  • 0 Pips
  • Additional commissions may be applied for an asset
Support
  • Live Chat
  • Email Support
  • Phone Support
Excluded countries USA, Australia, New Zealand, Belgium, British Virgin Islands, Guam, Lebanon, United States Minor, Outlying Islands, Northern Mariana Islands, Uganda, Philippines, Sri Lanka, Kuwait, South Africa, Azerbaijan
Languages English, German, Spanish, French, Italian, Russian, Danish, Sweden, Portuguese, and Dutch
Licenses CySEC - License: 164/12
Broker contacts

Indication Investments Ltd.
Gladstonos and Karaiskaki Street, off 31, Limassol 3032, Cyprus

 

Phone number: +357 22 025 100
Fax: +357 22 025 222

 

E-Mails: info@libertex.com; support@libertex.com; help@libertex.com

 

Full document with contact and company information can be checked here – https://libertex.com/docs/en/company-information.pdf