libertex broker review: Is It a Reliable Forex Broker or Not?

Since its inception around 1997, Libertex has built a reputation for excellence and its client base has expanded to over 2.2 million customers in 110 countries. As an online trading platform as well as a multi-asset broker, Libertex is certified by the Cyprus Securities and Exchange Commission (CySEC) and is able to ensure that it fully complies with all laws and regulations and ensures the safety of its clients’ funds.

In the 24 years since its inception, Libertex’s portfolio has expanded to include cryptocurrency trading, forex trading, CFD trading ETFs, commodity trading, stock trading and index trading. The market maker runs a proprietary browser-based or mobile trading portal where users can have two types of accounts – retail and professional.

Regulation and Security of Libertex

Libertex has been licensed under strict EU regulations which place great emphasis on investor protection. The trading platform is regulated by the Cyprus Securities and Exchange Commission, which oversees brokers in the areas of transparent pricing, information and security of funds, and frequent reporting.

As a vote of confidence in Libertex’s security capabilities, traders from 27 countries around the world rely on the platform to protect their personal information and funds. In addition to two decades of experience as a trader, Libertex’s license and CySEC regulation add additional credibility to its reputation.

The platform offers ideal trading conditions. This includes protection of financial and personal data, as well as safe separation of users’ funds from the broker’s operating funds, and strong encryption of the trading platform as well as the website. All of this provides traders with a secure trading environment free from cyber attacks.

Libertex’s User Experience

The registration process is fairly simple and brief, requiring only a few details, such as an email address and password. Other information you collect includes your bank account information for deposits and withdrawals from your account. Transferring funds to your account is also simple, requiring only an e-wallet and credit or debit card information.

The Libertex web trading platform offers a user-friendly and easy-to-use trading interface. The platform is equipped with several analytical tools to help traders make informed, data-based decisions in their trading.

Libertex’s account types

Broadly speaking, Libertex offers two main types of trading accounts; retail accounts and professional accounts.

Retail accounts can have leverage of up to 30:1, while Pro accounts can have leverage of up to 600:1. It also offers demo accounts as well as real money accounts for trading. A demo account allows users to hone their trading skills before entering live trading. It allows traders to familiarize themselves with the trading platform. To set up a real money account, the person must make the first deposit to their account using any supported payment method.

Unique Features of Libertex

There are some key unique features that make Libertex stand out from its peers.

Authorized and regulated broker

Libertex is fully controlled by strict compliance which makes it a trustworthy trading platform. Compliance rules cover various elements of a broker’s interaction and communication with clients, such as security requirements, segregation of client funds, and protection of users’ personal and financial data.

Highest Leverage

Libertex offers the possibility of leverage to all traders who use the platform, whether they are professional or retail traders. The platform even allows retail accounts with basic accounts to trade Forex with leverage of up to 1:3. Account owners with professional status can enjoy leverage of 1:600.

Simple and user-friendly platform

Libertex provides users with a straightforward and well-organized web-based platform for traders to trade on. It also offers a number of indicators that can be used for various trading strategies that have proven to be successful.

Zero Spreads

All instruments on Libertex are spreadless, meaning that the price listed is the price the trader pays, with no asking price or additional bids. This allows traders to establish precise entry and exit points before time.

What Can I Trade

Libertex maintains 50 currency pairs, 73 cryptocurrency pairs, 17 commodities, 26 index CFDs, 132 equity CFDs, and ten ETFs. The asset selection is average, except for cryptocurrencies, where Libertex ranks among the Top 20.

Asset List and Leverage Overview 

Currency Pairs

50

Cryptocurrency Pairs

73

Commodities and Metals

17

Index CFDs

26

Equity CFDs

132

Bonds

0

ETFs

10

Options, Futures, and Synthetics

0

Maximum Retail Leverage

1:500

Maximum Pro Leverage

1:500

Minimum deposit amount

Libertex’s minimum deposit is only $10, with the exception of bank wire transfers, which are $100. I like the flexibility Libertex gives traders when building their deposit and portfolio strategies.

Trading Platforms

Libertex offers two different trading platforms: the proprietary Libertex platform and MetaTrader 4. Both are available for the web and mobile devices, and MetaTrader 4 is also available as a desktop application.

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