Libertex Review 2019 | Is Libertex a Scam or Legit Forex Broker?

Read our Libertex review to find out if Libertex is a scam or a reliable forex broker. Unbiased Forex brokers reviews combined with user comments.

Average broker rating

3.0/ 5

Rating breakdown

Protection & Regulations
60% Complete (danger)
3.0/5
Trading platforms
20% Complete (danger)
1.0/5
Tradable Products
100% Complete (danger)
5.0/5
Deposit and withdrawal
100% Complete (danger)
5.0/5
Trading Fees
20% Complete (danger)
1.0/5
Support
60% Complete (danger)
3.0/5
Libertex
Libertex Overview

Libertex is an online forex and CFD brokerage brand that operates from Limassol in Cyprus. “Libertex” is the trading arm of Indication Investments Ltd, which is part of the “Forex Club Group”. The Forex Club Group was founded in Russia in 1997 and has expanded their operations to virtually all over the world.

# Broker's Features LIBERTEX Availability
# Commissions
# Hedging
# PAMM
# Scalping
# Accepts US traders
# 24 hour trading
# Swaps
# Demo account
# Daily analysis
# Automated trading
# Mobile trading
# Trading by phone
# 1st deposit bonus
# Forex contests competitions
# Bonuses Promotions
# Interest charges on the balance
# Free education
# Expert advisors
# Partnership programs
# Trust management
# 24 hour support

The variety of online brokers on the internet is very huge, so it is necessary to do a transparent review and comparison of the companies. After spending several days researching different forex brokers for trading FX, our team at onlineforextrading.net team collected over 50 data points. For this review, we will review Libertex.

Financial Trading and Investment Services: First of all, you should know which financial instrument you want to trade and then searching for the right broker. This can be stocks, forex, CFDs, cryptocurrencies or options. Libertex offers Online Financial Trading and Investment Services Such as Currencies, Commodities, Indices, Stocks, Crypto.

Tradable Products: There are about 49 currency pairs, 100 stocks, 41 crypto assets, 5 metals, 18 indices, 6 Agricultural products, 5 Oil/Gas instruments and 10 ETFs available for trading on the platforms.

Broker Type: Many types of brokers can be found in the most dynamic market in the world. Libertex is Market Maker.

Features: The Libertex trading platform has order management features, charts, indicators and timeframes which are used for technical analysis.

Minimum Deposit Requirement: To properly understand if a broker is suitable for a certain trader, we will then take a look at how much is required as a basic minimum to open an account. You need to consider how much money you can spare to start off a Forex brokerage. Libertex recommended minimum capital is $10.

Is the Forex broker regulated? Commissions and fees aside, let's take a look at regulation. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. Libertex is regulated by CySEC. For our reviews, official regulation of an official financial authoritarian is required. Brokers have to fulfill certain conditions to get these licenses. In order to violate the rules, they would lose their license and a lot of money.

Investor Protection & Regulations: Libertex offers investor protection via regulation, privacy protection and security protocols on its website. There is also access to the investor protection fund of CySEC.

Languages Available: Next lets have a look at each broker's different Language options. Libertex offers Danish, Dutch, English, French, German, Italian, P.

Payment methods: Next lets have a look at each broker's payment options. Libertex offers Credit Card, Moneta.ru, Neteller, QIWI, Skrill, Webmoney different payment methods for each account types.

Deposit and withdrawal: Major credit/debit Cards, Bank Wire transfer, e-wallets like Skrill, Neteller are accepted means of payment. Bank payment solutions like Sofort, Trustly, GiroPay, iDEAL, P24, Multibanco, and Rapid Transfer are equally accepted for deposits. KYC must be completed before a withdrawal request is processed.

Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, Libertex makes N/A available to clients.

Web & Desktop Trading Platforms: Libertex’ trading platform is the only platform available and it runs on the web browser making it available on all devices.
Mobile Trading Platforms: The proprietary Liberty app is available on iOS and the android mobile devices. It features order management, news, charts, technical analysis and account management.

Other

Trader Education
A basic, beginner level educational suite comes in the form of introductory videos, and these are available on the web and trading platform.

Promotions
The 100% deposit bonus is to compensate new clients up to $10,000” The Gold, Goldplus and Platinum status levels attracts discounts on commissions.

Support
Multilingual customer support is available via phone, email and a web form, giving traders several options to reach the customer support team.

Recup
Libertex is an experienced broker that has been in the business for over 20 years. It offers a wide selection of assets on its proprietary web-based platform. The brand is regulated by CySEC and requires a mere $10 minimum deposit to start trading.

Final Thoughts
Education section is almost non existent. If you are looking for a broker that will help you get educated, this is not the one.

Trading Experience
Libertex is an award winning broker that offers quality services. But, the brokerage is best suited for simple traders or new traders.

People Also Asked

Is Libertex regulated?
Yes, Libertex is regulated by top-tier regulators, CySEC inclusive.
Where is Libertex based?
Libertex is based in , Cyprus
How does Libertex make money?
Libertex charges a spread between the bid price and ask price. In some instances it also charges a commission.
How do I deposit in Libertex account?
With Libertex you can deposit money via the following means; Credit Card, Moneta.ru, Neteller, QIWI, Skrill, Webmoney.
How do I withdrawal in Libertex account?
Libertex lets you request a withdrawal of funds from your account via the following means; QIWI, Skrill, Webmoney, Wire Transfer, Yandex.Mone.
What is the minimum deposit for Libertex?
Libertex has $10 minimum deposit.
What are the available account base currencies with Libertex?
Libertex trading accounts are offered in N/A. If your country's currency isn't included in the list, you will need to open an account with another currency base.
What is the max leverage in Libertex?
Libertex has a maximum leverage is 1:600 for professional traders.
How do I open an account with Libertex?
Opening an account with Libertex is a three-step process. First fill out the registration form, second is to send verification details to the verification department and lastly is to fund your account.
Does Libertex use MetaTrader?
Libertex platforms: No, Libertex do not use MetaTrader but it uses the following platforms: N/A
What type of broker is Libertex?
Libertex appears to be a Market Maker broker which offers market access to a variety of traders.
Does Libertex accept US clients?
No
Does Libertex offers Islamic accounts ?
Yes
What financial instruments can I trade?
You can trade a wide variety of instruments with Libertex: You can trade a wide variety of instruments with Libertex: Currencies, Commodities, Indices, Stocks, Crypto