Libertex Broker Review – Real Deal?
If you are looking for a good online broker for CFD, Forex, commodities, indices, and more, check out the Libertex Broker. The Libertex broker has been in action for well over a decade, it is highly reputed, and fully regulated. This Libertex review is going to provide you with all of the info you need to make an informed decision regarding your choice of broker.
Libertex Broker Company Information
To start off, let’s talk about the company information behind Libertex. Libertex is also known as Liberty Exchange. It is a brand name of broker launched by Forex Club International Ltd. and Indications Investments Ltd in 2015. Both of these companies are subsidiaries of the Forex Group Club, which is based in Russia and dates back to 1997. At this time, this particular broker services well over 2 million clients based in 27 countries worldwide. Keep in mind that USA citizens cannot use the Libertex broker.
In case you were worried, this broker is 100% legit, licensed, and regulated. It’s not one of those scam brokers which finds home in some unregulated financial safe haven. This is the real deal. At this time, the official company address is 134 Agia Fylaxeos & Amisou, Anissa Court, 4thFloor, 3087, Limassol, Cyprus. It operates under the registration number of HE 251168 under under Cyprus’ Companies Law.
Libertex is registered is a Cyprus Investment Firm under the license number 164/12. This broker is regulated by the Cyprus Securities and Exchange Commission, or CySEC for short. What is also important to note here is that Libertex complies with the European Union’s MiFID, otherwise known as the Markets in Financial Instruments Directive. It also complies with 144(1)/2007 or the Investment Services and Activities and Regulated Markets Law of 2007 of the European Union.
Libertex Trading Platform
Libertex does use its own proprietary trading software, which thankfully is very easy to use. This is a web based trading platform, one that is highly user friendly and designed in such a way that everybody can use it with relative ease. Once you open your account, you can make some simple choices including asset type, the investment amount, and which direction to trade in.
What is also nice about the Libertex trading platform is that it comes with a complete and fully functional technical analysis component. It also features indicators which are divided into categories such as volatility, trend, and oscillators. You even get a good section for fundamental analysis here. All in all, the proprietary trading platform available here is very efficient and can definitely be profitable.
The charting options here are pretty widespread and versatile too. You get full access to charts and you can choose to have them displayed in area charts, candlestick charts, Heiken Ashi charts, hollow candlestick charts, or line charts. The charts can also be displayed according to various time frames which ranges from a single minute to a whole month. Here you can also engage in leveraged trading, which is a big bonus for many traders.
Yes, the Libertex proprietary trading platform is also available for use on Android and iOS mobile devices. It is fully functional and responsive, so as long as you have a relatively new mobile device, the mobile app should work just fine. It is a bit more difficult to use than the computer based platform, but not by much.
Libertex Broker Assets
What is nice about this particular broker is that it can trade many different assets and asset types. Here you can choose from CFD, Forex, commodities, indices, equities, and a few others too. All in all, there are well over 150 different assets you can choose from, making it quite a versatile broker.
Libertex Account Types
When it comes to the trading accounts, there is only one actual option available here. Yes, there is a Libertex demo account which you can open just to get a feel for things. The demo comes loaded with $50,000 of virtual cash so you can test things out, but of course, you cannot take away any profits through this demo account.
There is then only one real account type here, which is the standard account. What is cool here is that you only have to deposit $10 in order to open an account, which is a very small amount no doubt. Moreover, you do have to have at least $100 in your account to trade, which is also a minimal amount. Therefore, the Libertex broker is more than ideal for beginners who want to trade small amounts.
Libertex Deposits & Withdrawals
If you want to make a deposit to fund your Libertex broker account, you can make a deposit via credit card, debit card, wire transfer, or through a SEPA transfer. You will need proper identification and proof of your physical address. It usually takes around 1 day for the deposits to be fully processed.
If you want to make a withdrawal, you have to submit your request by 1:00PM CET. Keep in mind that third party charges may apply depending on which withdrawal method you are using. Your identity will be verified, as well as account details, after which the funds will be transferred to you.
Admittedly, although this broker is legit and fully functional, it does not have the best support. At this time, if you are looking for support, you will have access to a live chat feature. It does work and the support agents do get back to you in a timely manner, but at this time there does not seem to be any telephone or email support. With that being said, the Libertex broker is very easy to use, so it should really not be a big issue.
Libertex Review – Conclusion
At the end of the day, Libertex is a fully licensed and highly trusted broker. It is regulated by CySEC and has been around for a number of years now. The trading platform here is award winning and super easy for everybody to use, plus the deposit amount required to get started is very minimal. All in all, we have to say that this is one of the most trustworthy Forex, stock, and commodities brokers around.
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