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Since its founding in 1997, Libertex has forged an exceptional reputation with its user base growing to more than 2.2 million clients in 110 countries.  As an online trading platform and multi-asset broker, the company has been licensed by the Cyprus Securities and Exchange Commission (CySEC), ensuring that it’s fully compliant with all regulations and client funds are well protected.

Over the last 24 years of its existence, Libertex’s portfolio has grown to feature cryptocurrency trading, Forex trading, CFD trading, ETFs trading, Commodities trading, Stocks trading, and Indices trading.  The market maker runs a proprietary browser-or-mobile-based trading portal where users can have two types of accounts —Retail and Professional.

Users can use a wire transfer or a credit card to deposit funds in their Libertex wallet. The minimal deposit allowed is 100 EUR although a deposit of $100 and above is recommended to be above most trading rules. One such requirement is that the total sum of your open trades should not be more than 10% of the available balance.

Users can use Visa and MasterCard issued credit cards plus others although some card issuers may place limitations and restrictions on some cards.  The names on the card must be similar to those used to register the Libertex account. All deposits are free of charge.

Minimum deposit is the minimum amount that one requires to open a Libetex account brokerage account. Brokers like Libertex that charge a minimum deposit always offer additional premium services that are not available to free account holders.

Brokers that do not charge or charge lower minimum deposits are always geared towards attracting more clients to their platform and may not offer any advanced research tools and trading features.

Some brokers can demand a minimum deposit balance of up to 6500 GBP/USD depending on the type of trading account. Brokers with higher minimum deposits always offer a great range of superiors trading features and have better risk management features and depth technical analysis and research tools.

Users who deposit funds in their wallets using credit/debit cards can withdraw using the same channel. To use bank wire, the users will be prompted to enter bank details before completing the withdrawal. The minimum withdrawal is 10 EUR while the maximum single withdrawal through a bank card is 10,000 EUR.

Withdrawal fees on Libertex vary from one payment method to another. In addition, each broker has its specific withdrawal rules. Withdrawal fees differ among brokers because each broker offers a different withdrawal method and each payment method differs in terms of fees, currency conversion fee, and transaction process time.

In addition to bank wire and credit/debit cards, Libertex allows users to withdraw using Skrill, Sofort, Teleingreso, Rapid Transfer, Multibanco, P24, and Ideal.

Libertex is known for having zero spreads on all trading instruments and accounts. In a Zero Spread, there is no difference between the bid and ask price. Zero Spread accounts have predetermined entry and exit levels which users must agree to when opening the accounts.

Libertex makes money from a small commission from each $1,000 invested that varies between assets and multiplies with leverage. Other fees charged by Libertex include;

All inactive accounts with a balance of $10,000 pay a fee of $5 per month. In addition, withdrawals from inactive accounts attract an additional 2% of the total amount withdrawn on top of the regular withdrawal fee.

A user’s account may be declared inactive if it goes for a period of time dictated by the broker with buying or selling. Inactivity fee is not unique to the cryptocurrency industries as it is also applied by some players in the mainstream financial system. The inactivity fee also differs depending on the type of account.

Also called transaction fees, trading fees are paid on every trade or transaction completed. Brokers charge trading fees for facilitating buying and selling of financial assets through the trading account.

Trading fees differ depending on the type of cryptocurrency being traded, the type of trading, and the level of trading account. Brokers also charge a fee when they complete an order, modifies, and cancels an order on behalf of the client.

In cryptocurrency, leverage refers to the ratios of the traded assets. It refers to the total investment amount with the multiplier applied, and the margin amount used. The maximum leverages for each asset class are;

What this means is that the leverage applied depends on the asset class of the traded asset. Users with higher leverage may require less margin (funds) to open a position, allowing them to open big trades with just a fraction of their investment.

Another way Libertex users can earn extra money is through the Forex Trading Affiliate Program. Through the program, existing users can use their online platforms to invite other users and new traders on the channel, and in turn, they earn a commission.

Some brokers pay as much as $800 in commissions for each qualified referral. In addition to allowing account holders to earn an extra income, the affiliate programs offered by various brokers can be stepping stones for traders to run their own independent businesses.

Key advantages of the Libertex Affiliate Program include;

Libertex has been licensed under the stringent EU regulation that places much emphasis on investor protection. The trading platform has been regulated by the Cyprus Securities and Exchange Commission, with supervises brokers in the areas of transparent pricing, information and fund security, and frequent reporting among others.

As a vote of confidence in Libertex’s security capabilities, traders in 27 countries across the globe have trusted the platform with their information and funds. In addition to its more than 20 years of experience as a market maker, Libertex’s regulated and licensed status with CySEC lends further credence to its reliability.

The platform offers ideal conditions for trading including protection of user personal and financial data, secure segregation of user funds from the broker’s own operational capital, and vigorous encryption on the trading platform and the website. All these work together to give traders a secure trading ecosystem free from potential online threats.

Libertex offers a unique trading experience with everything done on the broker’s website as opposed to juggling between external banking and trading portals, which may cause confusion and costly mistakes.  The trader’s journey is well consolidated making trading much easier from accessing trading data to executing actual trades.

The registration process is also fairly short and simple requiring only an email and a password. Other details collected include banking details used to fund and withdraw funds from your wallet. Depositing funds into your accounts is also streamlined and only requires e-wallet or credit/debit card details.

The Libertex web trader platform is a feature-rich clean trading interface. The platform has several analysis tools to help the trade make informed data-backed decisions when making trades.

Key assets that users can trade on Libertex include cryptocurrencies, stocks, Forex, Indices, and Oil and gas. Examples of the assets include;

In total, the platform supports more than 213 trading instruments although these instruments may differ based on the client’s country of residence. In summary, Libertex supports 43 cryptocurrencies, 16 commodities, and 51 currency pairs. It also offers ten ETFs, 19 index CFDs, and 129 global blue chips CFDs.

Broadly, Libertex offers two broad categories of trading accounts; retail accounts and professional accounts.

Retail accounts have a leverage of up to 30:1 while professional accounts have a leverage of up to 600:1. The platform also has demo accounts and real-money trading accounts. Demo accounts help users horn their trading skills before venturing into actual real-money trading. It allows traders to familiarize themselves with the platform. To open a real-money account, the user needs to make their first deposit in their account using any of the supported payment methods.

There are key unique features that make Libertex stand out among its peers;

Libertex is fully regulated under very strict compliance, making it a reputable trading platform. The compliance regulations cover various aspects of the broker’s interaction and engagement with the client among them security standards, segregation of client funds, and privacy of user personal data and financial information.

Libertex offers leverage to all traders on the platform regardless of whether they are retail or professional traders. The platform allows even basic retail accounts to trade forex with a leverage of up to 1:30. Professional account holders can have a leverage of up to 1:600.

Being a commission-only platform, Libertex charges a small commission on all trades completed on the platform. The platform offers a generous 50% commission offer for new members.

Libertex offers users full access to a simple and well-organized online web platform that allows traders to complete trades. It also has several indicators that are applied to several successful trading strategies.

All trading instruments listed on Libertex are zero spreads meaning the listed price is what traders pay for without ask prices and extra biding. This helps traders to determine beforehand the exact entry and exit levels.

Libertex reverted to standard (winter) time effective November 1, 2020, for clients in the United States. Generally, financial markets operate 24 hours a day, Monday to Friday. Trading on the platform is segmented into four major regions Asia, Australia, Europe, and the Americas. Below is a summary of trading hours for the various asset categories;

To open a live Libertex trading account, one needs to be at least 18 years of age. The opening process is relatively easy and takes very simple steps;

Step 1: Use your email and preferred password to sign up for an account in the “Sign Up” section. You can also use your Facebook details to open a live trading account.

Step 2: Answer all questions asked by the trading platforms. They help set up an account that suits your specific needs and offers a personalized trading experience.

Step 3: Make your first deposit and upload all identification documents like proof of residence and government-issued ID.

Step 4: Follow instructions given by the trading platform to upload all documents and allow some time for the verification process to be completed. The verification process may take a couple of days.

A demo trading carries almost similar features to a live or real-money trading account. As opposed to a live account used to execute actual trades, a demo account is used for mock trading to allow users to understand the platform and test their trading strategies. The only difference between a demo and a live account is that the former is risk-free and can be used without depositing any money in the wallet.

The trader gets virtual credit used for trading on the demo account. It is not real money and cannot be withdrawn.  Finally, a demo account does not expire and can be accessed at any time.

Libertex supports one of the most adopted and loved trading platform: MetaTrader 4 (MT4)

Launched in 2005, and also called MT4, MetaTrader 4 is the largest trading platform in the world. The software offers a feature-rich, user-friendly interface that can be customized to fit different trading environments. MT4 has been designed to help users fulfill their trading needs as well as boost their trading performance.

The MT4 platform was initially developed for Forex trading but has since been upgraded to accommodate other financial instruments through Spread Betting and CFDs. You can use Libertex and MetaTrader 4 on various platforms including an online web platform, a downloadable app on Apple Macintosh and Windows PC. The MT4 platform works with the latest macOS Mojave and traders can trade using both Android and IOS devices.

Being the world’s leading trading platform, MT4 has continued to evolve and embrace digital technologies as many traders turn to its web-based application that can be accessed through the browser. The web-based platform offered the same high performance as the desktop version.

Users can access many different indicators and trading tools, a highly customizable trading environment, and advanced charting.

Traders can either use the Libertex app or access Libertex in the MT4 app downloadable from Apple app store. Users can also download the Metaquotes MetaTrader 4 Program from App Store. It is used to access financial markets and offers a streamlined way to manage a portfolio.

With millions of people around the world relying on mobile devices for communication and financial transaction, Libertex has tapped into the sector by making the MT4 platform compatible with Android devices. Users can therefore use their Android-based Smartphones and tablets to complete trades and monitor financial markets.

The Android Libertex MetaTrader 4 Android application has advanced trading features designed specifically for Android device users.

Trading Centrals Alpha Generation Indicators offers three Major indicators;

There is a variety of Libertex MetaTrader 4 advanced trading tools designed to offer an improved trading experience and offer users a competitive advantage.  In total, there are 20 advanced trading tools ranging from sophisticated notification alarms, innovative market data, messaging facilities, and feature-rich trade execution & management programs.

The Libertex MT4 MultiTerminal platform is an intuitive dashboard that allows traders to simultaneously manage and monitor multiple trading accounts. Using the MultiTerminal platform, traders can manage more than 100 accounts at the same time with the ability to view live market prices, pending orders, place market orders, track all accounts and equity in real-time.

The Libertex Autochartist the Market Scanner, the first available to MT4 using a non-trading Expert Advisor script. The Market Scanner allows traders to scan market opportunities while viewing asset symbols and time intervals all from the same graph.

This is a big relief compared to previous systems that require launching numerous graphs, which compromise the accuracy of data collected and increases the chances of trading errors. Autochartist has a simple user interface that can be customized to satisfy personalized trading needs.

Libertex serves clients in more than 110 countries around the world.  The company is however still restricted in some countries like the U.S, Japan, the EEA, Afghanistan, and Azerbaijan, to name a few.

Libertex offers up to 8 languages on its platform making it easily accessible to many traders around the world.

Libertex is compatible with both Android and iOS Operating Systems and can be used on Windows, Mac, and Web platform.

Libertex offers customers services between Monday and Friday from 8 am to 8 pm through various platforms like Telegram, WhatsApp, Facebook Messenger, and Live Chat. The broker attends to clients in several languages like English, German, Greek, Russian, Polish, Dutch, Spanish, Italian and French.

There is also an FAQ section partitioned into several sections like trading transactions, trading platforms and terminals, trading conditions, verification, and banking.

To help users navigate the complex cryptocurrency landscape and understand to correctly use its trading tools, Libertex has several educational resources covering several topics covering, theory, simple strategies, example trades, trader tools, online webinars, and, guru tips.

Educational materials include those prepared by Libertex as well as those sources from outside sources. Users can use these resources to learn how financial markets move, how to use trading platforms, how to buy and sell assets, mitigate and manage investment risk, and how to take opportunities from global trading times. It helps users to think more systematically and logically about the market.

f you are not fond of Libertex, here is a list of potential alternatives:

As for the Libertex crypto alternatives, below are top crypto exchanges that could be a good substitute for eToro:

Binance, Coinbase, eToro Crypto Review, Cex.io,PrimeXBT, PrimeBit, Deribit, Coinbase Pro, Coinmama, Changelly, Bitpanda, Bitfinex, Kraken, Bittrex, Bitstamp.

What is the minimum deposit for Libertex?

The minimum deposit to trade with Libertex is $100

Is Libertex a trustworthy broker?

Libertex is safe and trustworthy with all money deposited in Labertex stored in a segregated tier 1 bank account.  The broker does not have direct access to users’ deposits and cannot in any way misappropriate. Its activities are also regulated by the Cyprus Securities and Exchange Commission (CySec), which ensures the safety of users’ investment.

Is Libertex regulated?

Yes. Libertex has been licensed by Cyprus Securities and Exchange Commission (CySec) CIF Licence number 164/12. The regulator conducts regular audits and reviews of the broker’s activities. The broker has to observe all regulations to maintain compliance.

Is Libertex a market maker?

Libertex is a market maker and buys off the currency, stock, and other investment instruments even if there is no buyer in the pipeline. 

Is my money safe with Libertex?

Being a regulated trading platform, users can rest assured that their money is in safe hands. The regulatory status of a broker is one of the key factors that traders consider when selecting a broker.

Can you make money with Libertex?

There are many success stories that have from Libertex although generally trading on the platform is not a get-rich-quickly venture. Users can use the demo account to horn their trading skills and improve their earning potential.

Does Libertex have fees?

There are various fees on Libertex that vary from one payment method to the other. There are no fees charged on deposits.

How many people use Libertex?

Currently, Libertex has more than 2,200,000 registered users

What is Libertex Headquarters country?

The headquarters of Libertex is located in Cyprus.

Does Libertex offer negative balance protection?

Libertex does protect users against negative balance. Negative balance protection ensures that traders do not lose more money than their deposits. 

Does Libertex allow scalping?

Yes. Libertex allows scalping

Does Libertex allow hedging?

No. Libertex does not offer hedging

Does Libertex offer STP?

Yes. Users can access STP trading on Libertex

Does Libertex offer CFD trading?

Yes. Traders can access CFD trading on Libertex

Is Libertex an ECN broker?

No. Libertex does not offer ECN trading

Does Libertex offer an Islamic account?

No. Libertex offers no Islamic accounts for personalized Islamic trading.

Libertex has established visible footprints as a leading low-cost trading platform with CFDs for 50 different currency pairs, several cryptocurrencies, commodities, and stock indices.

The post Libertex Review [2021] – Fees, Deposit, Features appeared first on CaptainAltcoin.

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