LIBERTEX Review: An Effective Trading With Libertex App
Libertex is the name of a prominent online trading platform, which has been running for 20 years. The review will give you a strong ground to hold your faith on this platform.
Even, you can have an idea either the platform is a scam, or not.
It is a trading platform of Indication Investments Ltd, member of Forex Club group. Libertex is an international regulated broker with more than 700 employees.
Since 1997, Libertex is helping its clients to trade Forex and CFDs on Currencies, Indexes, Metals, Cryptocurrency, Agriculture, Stocks, Oil-Gas, and ETFs. 2.2 Million Clients over the world are traded with Libertex Broker.
The company serves clients from 110 countries. The trading platform is easy and convenient for all types of traders.
Not only the client service but also, they offer more than 213 trading assets. The mission is to serve their clients equally and take good care of them.
The company has won over 30 prestigious awards for its trading transparency.
The trading platform is user-friendly. With the help of market analysis, you will make a better decision while trading with major instruments.
In this broker review section, you will find all necessary information regarding Libertex and its way of work.
Libertex Review And Regulation
Libertry Exchange or Libertex started its journey in the trading market in 1997 as we mentioned before. Additionally, they started with the full-organized way with diversified asset classes.
Day by day, the trading platform is developed to meet a novice trader’s goal. On the other hand, you can perform trade using one platform for any device.
Moreover, you do not need to download any application platform for Libertex broker.
The broker platform is operated by Indication Investments Ltd. a Cyprus Investment Firm which is regulated and supervised by the “Cyprus Securities and Exchange Commission (CySEC)” with CIF License number 164/12.
Also, libertex is regulated by an Independent International Organization “The Financial Commission” which acts for traders on the dispute.
Besides, Libertex is a member of Forex Club Group. The owner of this Libertex platform is Indication Investments Ltd.
Apart from the regulation, for choosing a broker, traders need to consider so many things.
People who are beginners in the trading platform choose Libertex only for their unique trading features.
These features are-
- Regulated and Award-winning broker
- Minimum deposited amount $10
- Demo Account facility
- Zero Spreads
- Leverage depends on the trading instrument and clients status
- For retail clients leverage up to 1:30
- For professional clients leverage up to 1:600
- Minimum trading fee 0.001%
- Real-time market news
- Trading for professional
- The multiplier depends on the trading instrument and clients status
- Multi-language supported platform
- No deposit fees
- Withdrawal fees available depends on the method
- A wide range of tradable assets
- Mobile trading available
- Dedicated Live support
- Education section available
- For new traders 50% commission discount
For traders, the Libertex broker is not offering any bonus or promotional offer.
Awards And Achievements
Libertex received in total 30 national and international trading awards for their prestigious work.
However, we found a limited name of awards from their website.
- For the European Union by Global Banking and Finance Review-2016 (Best Trading Application )
- FinEXPO-2016 Awards for Best Trading Platform
- Forex Awards for the Best Trading Application Award 2017, 2018
- Best Crypto-Currency Broker Award 2017, 2018 by Forex Awards
Libertex Login And Sign Up
Libertex is a multinational brand with an easy registration process. You do not need to go through all 2 or 3 steps to open an account.
Besides, you can simply Sign up for an account by putting email and password.
After that, a confirmation mail will be sent to your email address.
Finally, sign up your account. You either can choose the demo account or can shift to the real account by depositing a minimum amount of $10.
On the other hand, Libertex does not offer multiple account types for traders.
Libertex Account Verification
Libertex is a regulated trading broker for Forex and CFDs. As a regulated broker, they require account verification for each trader.
Traders need to verify their account within 15 days of the first deposit.
To complete the verification of your account, you have to send:
- A colored scanned copy of your ID card or driving license (we require a copy of both sides of the card). Alternatively, you can send us a double-page scan of your open passport.
- A scanned copy of a utility bill or bank statement issued within the last 6 months. Your full name, address, and the date of issue of the letter must be visible.
If you failed to submit documents within 15 days, you will not able to perform trade.
Trading Account Types
Libertex is offering two types of accounts for traders.
- Standard Account
- Demo Account
For retail clients, this broker platform is offering the highest-level protection by law. This client is also eligible for compensation by the Investors Compensation Fund.
Libertex has divided its traders into two parts because of its regulation requirement.
For retail traders, the multiplier is limited. Traders have a restriction on access to specific products.
Professional clients can trade with high leverage. You will be protected by law in some parts of your trading.
As a professional Libertex trader, you will get:
- Up to 600x multiplier
- Have access more than 200 trading instruments
- Negative balance protection
As compared to the retail traders, professional traders will get a lower level of trading protection.
If you really want to be a professional trader, then you have to open an account according to their rules.
As per the rules, you have to meet at least 2 criteria from the following list:
- Sufficient trading activity at least for 12 months
- Relevant experience in the financial services sector
- Financial instrument portfolio of over €500,000
After meeting these criteria, you will be eligible for sending a request to be a professional trader.
Libertex Demo Account
A demo account is necessary for traders to practice trading before executing with real money. Even, expert traders can use a demo account to practice their trading strategies.
A demo account is a great tool to test your trading strategies.
Libertex is offering a demo account with $50,000 virtual money. You can use that money to execute a trade without any risk.
In the demo account platform, you can get real-time trading news, which will help traders to trade successful trading.
The demo account is almost the same as a real account. The only difference is, live trading carries a high risk where you can trade via demo account without any trading risk.
You can refill the demo account for free. There is no expiry time for a demo account.
Libertex Trading Assets
Libertex has more than 200 assets in different categories. Traders will find the list from their asset section.
- Oil and Gas
You will find a list of popular trading assets on the home page of their website. This list indicates the most traded assets in the trading market.
Libertex offers more than 50 stocks for CFDs. You can trade CFDs on cryptocurrency with a 50% reduction on brokerage fees.
In the Libertex Trading platform, you will get a variety of cross and exotic currency pairs.
Traders will be able to trade metals, indices, stocks, ETFs, oil and gas, cryptocurrencies, and agriculture.
Trading Platform Overview
Libertex have their propitiatory trading platform which is available in 16 languages. You can perform trade either downloading the software or directly from the web browser.
Moreover, from the list, you can find the top rising asset’s name and top falling trading asset’s.
On the left side of the trading platform, traders will find a list of more than 200 assets. Firstly, to start trading, you have to fund your account with a minimum amount.
Traders will find the strength of the movement of the asset in the monthly, half-yearly, and yearly basis.
On the other hand, traders will find trade execution time along with trading charts on the libertex homepage. There are 9 time-frames available from 1 min to 1 month.
To open a position, you have to put some information like a trading multiplier, trade margin level, and trade amount.
According to your trading information, the system will show you the commission for opening up a trade position.
Meanwhile, to limit your trading risk set the stop loss and take profit. You can see the trade volume in both trade amount with the trade price.
At the right side on the trading window, you will find a list of in trades amount, used margin, available margin, and available account balance.
At the bottom part of the trading window, you will get all real-time market news. Traders will get trading analytics as well.
Three types of indicators are available in the trading dashboard which is divided into subcategories.
In general, traders will get trading lessons, glossary as well as FAQ in the trading window.
The trading report will show your active, pending, closed trading order along with the amount of flow. It is possible to download the trading report for future purpose.
Trading Tools And Indicators
Each trading classes are elaborate with trading instruments. Firstly, in their main portal, you will find a wide range of trading tools.
In the chart section, traders will find 6 types of trading charts. These are:
- Hollow Candles
- Heiken Ashi
Each chart will show the price movement of a particular trading asset.
There are 3 types of trading indicators available:
These are the main types of trading indicators. Under these categories, you will find a wide range of trading indicators.
Trading indicators are necessary for any types of traders, whether he is a swing trader or position trader. Indicators mainly simplify the price information.
Depending on the trading signal delivered by different indicators, traders will take a decision either to go long or short.
Libertex Wikipedia: Education Section
With the beginners trading guide, traders can learn the basics of trading methods.
Libertex is offering different training for traders. Traders can also learn from video courses. You can consider this section as a Libertext Wikipedia.
Libertex team proved that you do not need to come with a professional financial background to trade. Knowledge can lead you to be successful traders.
The education platform is designed in various categories. You can learn from opening an account to trading methods.
Firstly, in the Glossary part, you will find trading basics and terminology of trading.
Secondly, in the Libertex website’s blog, you will find some blog posts regarding Forex, Trading, and Cryptocurrency.
In the news section, traders will find the updated real-time market news on different trading instruments.
Moreover, the news feed is full of daily market events and news. It will help traders to trade according to market growth.
So, traders can know which asset is growing fast and which is falling behind.
On the other hand, trading news is beneficial because you can forecast the asset price based on the trading news. Traders will see high volatility in the financial market when the news comes out.
Libertex App: Mobile Trading
At present, mobile trading helps a trader to trade from anywhere they want.
As Libertex have their propitiatory platform so, you don’t need to download it in your desktop.
You can easily perform trade directly from their website.
Even more, the libertex trading platform is available for both iOS and Android users.
From your mobile device. you can access all trading instruments.
Download the trading app from Google play store as well as from the Apple store.
More than 1,000,000+ users have installed this trading app from play store. Your Android mobile requires 4.4 and up version.
Apple device requires iOS 9.0 or later.
The deposit process is easy and time-consuming. Moreover, you can deposit any currency. So, after depositing money, the amount will automatically convert into the US dollar.
Payment methods and conditions depend on the local rules and regulations. However, you can fund your account from any country.
The minimum-deposited amount is $10 as per their Live Support instruction.
You will not be able to make your live trade if you deposit less than this amount.
As per their guidelines, traders need to deposit equal to EUR 100 or more than that.
In this case, you will observe one of the most important trading rules: the total sum of your open trades must not exceed 10% of your account balance.
To open a EUR 10 trade, you need to have EUR 100 in your account.
Before funding in the trading account, Libertex requires the client’s personal information such as personal data, trading experience, and contact details.
For security purpose, we need to collect this information from traders.
All the information provided by our clients is strictly confidential and is used only for compliance with the law.
There are several ways followed by a trader to fund their account
- SSL Secure/Wire Transfer
- Verified By Visa
- MasterCard Secure code
All the information you enter when funding your account is not saved in our website.
They are guarantying you a secure online transaction.
The transaction fee is not applicable to deposit your account. Via wire transfer, it will take 3-5 days and other payment sources take no time.
Overall, the withdrawal process is not that much difficult. According to the international regulations, traders can withdraw all funds from their account.
Meanwhile, they can withdraw their profits at any time without any limit.
There are few ways to withdraw money-
- SSL Secure/Wire Transfer
- Verified By Visa
- MasterCard Secure code
Remember that as per their website instruction, they are requested their clients to withdraw fund with the same card, which was used at the deposit time.
While withdrawing money, Libertex is charging EUR 1 with a Debit/Credit card, 1% Neteller, 0.5% min 2 EUR, and max 10 EUR via Wire Transfer.
Via bank wire, the withdrawal processing time is 3-5 days. Via a card, the processing time is 1-5 days.
With the help of other sources, you will able to withdraw money within 24 hours.
Libertex Help and Support
Libertex have strong help and support team. The dedicated teamwork for their clients all the time.
They have support contact number as well as email address (email@example.com).
It is disappointing for traders that they do not have contact a detail depends on the country. Traders will get one email address and one contact number for all traders.
By opening a ticket, you can ask your valuable question. At first, you have to enter your message subject, email address along with the message category.
Traders can directly contact the support team by the help of live chat.
Here, live chat is an effective way to get help from support instantly.
However, in their live chat service flash player software is required in your system. It can be another drawback for Libertex.
At present, web technology has been advanced. And for live chat, flash player is not required in latest web technology.
There are few major advantages of Libertex Broker. These are-
- No spread
- Professional trading account
- A wide range of trading tools
- User-friendly propitiatory trading platform
- Regulated and Award-winning broker
- Negative balance protection
As a Forex trader, you will get numerous advantages from this trading platform. You can pick your favorite market trading instrument and can perform trade with it.
The minimum trade volume is small. taking leverage of 30, it is possible to open a big position.
Libertex offers brokerage fee starts from 0.006%. As we mentioned before, you will able to protect your balance.
As they are giving demo account facility to their traders, so you can practice your trading strategies before investing the real money.
It is quite impossible to find drawbacks of any trading platforms. As we have said, there are few disadvantages we found while researching this trading platform.
For us, these drawbacks are not major enough, because it is a regulated platform for trading Forex and CFDs.
We think information mismatch is the major drawback for them. Their main website is showing different information.
On the other side, the trading app is showing different information. Apart from these, there are also some other disadvantages like
- Limited account types
- The website is not resourceful with information
- The trading bonus is not available
- MT4 and MT5 are not available
- Education material is limited
There is no doubt that Libertex is the most experienced online trading platform among all trading platforms.
They have disadvantages along with much more advantages for novice traders.
The platform is ideal for beginners, as they want something which will not bother them while trading. It will also ensure the highest success in trading.
To do a secure investment in the low budget, you can choose this platform like millions of traders.