Libertex Review 2024
Highlights of Libertex
Libertex is a well-known broker with a high reputation and a wide range of trading instruments. It is regulated by reputable authorities such as CySEC and BaFin.
With zero deposit fees and a plethora of analytical tools, this broker is suitable for both novice and experienced traders. The ease of account opening and extensive educational resources, including webinars and demo accounts, make it an attractive choice in the market.
Pros and Cons of Libertex
Pros
- Tight spreads and attractive trading conditions.
- Wide selection of trading assets.
- Rich selection of educational materials and analytics.
Cons
- High swaps and inactivity fee.
Libertex reviews
4.84 out of 5
4.84 из 5
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Libertex Broker Overview
| Foundation Year | 1996 |
|---|---|
| Official Website | https://libertex.org |
| Regulated in Countries | Saint Vincent and the Grenadines, Belarus, CyprusMore Details |
| Minimum Deposit |
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| Spread | from 0 points |
| Max Leverage | 1:1000 |
| Trading Assets |
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| Trading Platforms |
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| Email Support |
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| Hotline Phones | |
| Social Media |
Facebook
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YouTubeLibertex is one of the most popular and experienced brokers in the Forex market. The company was founded in 1997 and has since provided quality services to traders worldwide. The broker is actively developing and constantly updating its services to meet the needs of traders.
Libertex is in the top 10 of the following ratings:
Libertex Review Summary
- Regulation in Europe and Belarus.
- Membership in the Financial Commission.
In our review of Libertex, we apply a detailed and objective evaluation methodology, which includes an analysis of various aspects such as trading platforms, available instruments, educational materials, technical support, and much more.
Continue reading to learn more about what this broker can offer you for trading Forex and CFDs.
Reliability and Regulation
| Legal Entity | Regulator |
|---|---|
 Forex Club International LLC Forex Club International LLC | SVGFSA SVGFSA |
ООО "Финансовая Компания Форекс Клуб" ООО "Финансовая Компания Форекс Клуб" | НБ РБ НБ РБ |
 Indication Investments Ltd. Indication Investments Ltd. | CySEC CySEC |
Libertex, one of the leading global brokers in the Forex market, has high reliability and strict regulation. Since its foundation in 1997, Libertex has rapidly developed, earning the trust of traders worldwide.
On February 26, 2016, the company joined the International Financial Commission, an honorable status confirming its reliability and long history of successful operations. Membership in such an organization guarantees clients high protection for their investments.
Account Opening
The account opening process at Libertex is characterized by simplicity and speed. Clients can quickly start trading with just a few steps, including filling in basic information and consenting to processing personal data. Verification is also not burdensome, as the standard verification procedure is absent, although the company may request additional documents if necessary.
Registration
Registration on the Libertex website is straightforward and won't take much time. To do this, you need to:
- Go to the official company website.
- Fill out the form with your details (name, email, phone number, country and city of residence, password).
- Confirm that you are 18 or older and agree to the processing of personal data.
Personal Portal Overview
The personal portal at Libertex has a simple and user-friendly interface. Here you can:
- Open and manage trading accounts.
- Deposit funds and withdraw money.
- Learn about current bonuses and promotions.
- Download trading platforms.
- Use analytical materials and educational resources.
Verification
The verification procedure is not mandatory at Libertex as a standard practice. However, for successful platform interaction, clients must fill out all fields in the Profile Management - Personal Data section in the Personal Account.
Verification Process
- Filling in personal details. The client must provide all necessary personal information in the relevant section of the Personal Area.
- Identification requests. In some cases, the company may request additional documents for identification. These requests will be sent to the email and in the Personal Area.
- Customer support. For any questions or clarification, clients can contact the company's specialists in any convenient way.
Minimum Deposit
At Libertex, there is no minimum deposit requirement. However, traders should consider the minimum limit for account funding, which for most payment systems is $10.
Account Types
The company offers a standard range of accounts, meeting the needs of most traders. However, the absence of accounts with fixed spreads, accounts for passive investing such as PAMM accounts or copy trading, and Islamic accounts may limit the choice for specific categories of investors. Although there are trading signals, we have classified them as analytics.
Trading Accounts
Libertex offers the following types of trading accounts:
| Libertex | MT4 Market | MT5 Market | MT4 Instant | MT5 Instant | Libertex Portfolio | |
|---|---|---|---|---|---|---|
| Account Currency | USD | |||||
| Minimum Deposit | 100 $ | |||||
| Trading Platforms | Libertex | MetaTrader 4 | MetaTrader 5 | MetaTrader 4 | MetaTrader 5 | Libertex |
| Spread | floatingfrom 0.3 pipsfor EURUSD~ 0.4 pips | floatingfrom 0 pipsfor EURUSD~ 0.1 pips | floatingfrom 0 pipsfor EURUSD~ 0.3 pips | floatingfrom 0.1 percentfor GOOGL~ 0.1 percent | ||
| Commission per Trade | per 1 lot~ 3 $ | |||||
| Trading Assets | ForexStocksCryptocurrencyETFPrecious MetalsEnergy CarriersSoft CommoditiesIndicesBonds | StocksETF | ||||
| Opened Positions | — | |||||
| Leverage | 1:1-1:999 | 1:1-1:1000 | 1:1-1:10 | |||
| Margin Call / Stop Out | 100% / 50% | |||||
| Order Execution | MM | |||||
| Demo Account | ||||||
| Islamic Account | ||||||
| Open AccountRegister | Open AccountRegister | Open AccountRegister | Open AccountRegister | Open AccountRegister | Open AccountRegister | |
- Libertex Account suits beginners and experienced traders due to flexible position sizing and low spreads.
- MT4 Market and MT5 Market Accounts suit professionals looking for low spreads and STP execution.
- MT4 Instant and MT5 Instant Accounts are suitable for instant order execution and larger position sizes.
- Libertex Portfolio Account is suitable for investors focusing on stocks and ETFs, with a low leverage of up to 1:10.
Various accounts offered by Libertex provide a wide range of options to satisfy the needs of different types of traders, from beginners to professionals, with multiple strategies and portfolio sizes.
VIP Conditions
VIP conditions are available for clients with a high deposit (the exact amount is not specified on the website). They include a personal account manager, tailored analytics, one-on-one training, more favorable trading conditions, and expedited fund withdrawals.
To obtain VIP conditions, filling out a form for a call with technical support is necessary. You can also contact via Skype: vip_forexclub.
Demo Account
A demo account is provided for familiarization with trading conditions and platforms. This risk-free account allows traders to refine strategies and master trading in the Forex market. Demo accounts are available for all account types except Libertex Portfolio.
Trader Statuses
At Libertex, a trader's status is determined by the sum of balances across all the client's accounts within a single Personal Area or based on the trading volume at the end of the calendar month. Status affects access to various services and features, including analytical support, individual trading conditions, and training. Status must be confirmed monthly by maintaining the accounts' necessary funds or ensuring trading volume.
Below is a table of statuses:
Service level Amount | Silver Up to $500 | Gold $500 - $5 000 | Platinum $5000 - $50 000 | Diamond $50 000 - $500 000 | Exclusive Over $500 000 |
Trade turnover | Up to $ 1 000 000 | $ 1 000 000 — $ 10 000 000 | $ 10 000 000 — $ 100 000 000 | Over $ 100 000 000 | |
News in the trading platform | Yes | Yes | Yes | Yes | Yes |
Daily analytical support | Yes | Yes | Yes | Yes | Yes |
Traders' sentiment based on open trades | Yes | Yes | Yes | Yes | Yes |
Change in the multiplier for open deals | No | Yes | Yes | Yes | Yes |
Compensation of payment system fees | Yes | Yes | Yes | Yes | Yes |
No commission fee for transfer from account to account | Yes | Yes | Yes | Yes | Yes |
Customized trading conditions | No | No | No | Yes | Yes |
Exclusive trading terms | No | No | Yes | Yes | Yes |
Round-the-clock customer consultation | Yes | Yes | Yes | Yes | Yes |
Making transactions over the phone | No | Yes | Yes | Yes | Yes |
SMS notifications | Yes | Yes | Yes | Yes | Yes |
Personal manager | Yes | Yes | Yes | Yes | Yes |
VIP manager | No | No | Yes | Yes | Yes |
Investment ideas | No | Yes | Yes | Yes | Yes |
Trading systems | No | No | Yes | Yes | Yes |
Model portfolios | No | No | Yes | Yes | Yes |
Training in the platform | Yes | Yes | Yes | Yes | Yes |
Webinars | Yes | Yes | Yes | Yes | Yes |
Basic training course (introductory part) | Yes | Yes | Yes | Yes | Yes |
Basic training course (core part) | No | Yes | Yes | Yes | Yes |
Each status offers different access levels to trading platforms, analytics, financial services, support, ready-made solutions, and education. For example, the Exclusive status offers a VIP manager, exclusive trading conditions, and personalized training. This status system allows traders to choose the level of service that matches their needs and trading strategy.
Bonus Account
The bonus account at Libertex is a specialized account created for each client to record bonus funds. These funds can be provided as part of various loyalty and bonus programs. Bonuses can be either withdrawable or non-withdrawable and can be used to increase the margin of trading operations.
How to receive and use bonus funds?
Bonus funds can be provided for a client's special status or for participating in company promotions. They are reflected in the "Wallet" section and can be used to increase the transaction amount. For example, with $100 of real funds and $20 of bonus funds, you can open a trade for $120.
Restrictions and Conditions
The maximum bonus funds are limited to 20% of the total balance for Libertex accounts and 30% for MetaTrader accounts. Any funds exceeding this limit are stored in the bonus account.
The company may close trades in MetaTrader if the total loss exceeds the amount of real funds. All bonus funds may be annulled if the account remains inactive for 30 days.
Commissions
The commission structure at Libertex is balanced but requires careful consideration when choosing an account and planning a trading strategy.
Trading Commissions
Trading commissions at Libertex include a transaction fee, spreads, and swaps, which can vary depending on the chosen account.
Transaction Fee
The transaction fee is $ charged on MT4 Market and MT5 Market accounts and is $6 per lot. This is an average market commission, which may be attractive for specific trading strategies.
Below is the commission per lot one way for the EURUSD pair at different Forex brokers:
| Broker | IC MarketsRaw Spread | PepperstoneRazor | LibertexMT5 Market | RoboforexECN | FxProRaw+ |
|---|---|---|---|---|---|
| Commission per lot | $3.5 | $3.5 | $3 | $2.16 | $3.5 |
Spreads and Swaps
On other accounts, the main expenses are attributed to spreads and swaps. For example, on the Libertex account, quite narrow spreads are offered, but relatively high swaps. These parameters can affect the overall cost of trading and should be considered when choosing an account and trading strategy. It is much more advantageous for traders to trade on this account using intraday strategy, such as scalping, rather than applying medium- and long-term strategies.
Below is a table of the average spread and swaps for major currency pairs for the Libertex account.
| Asset | Average spread | Swap long | Swap short |
|---|---|---|---|
| AUDUSD | 0.7 pips | -2.28 pips | -1.66 pips |
| EURUSD | 0.4 pips | -10.30 pips | 0.00 % |
| GBPUSD | 0.9 pips | -5.80 pips | -1.50 pips |
| NZDUSD | 1.0 pips | -2.00 pips | -2.90 pips |
| USDCAD | 0.3 pips | -4.70 pips | -3.60 pips |
| USDCHF | 0.6 pips | 5.60 pips | -10.90 pips |
| USDJPY | 0.8 pips | 0.00 pips | -10.40 pips |
Inactivity Fee
Libertex charges a fee for servicing inactive trading accounts. An account is inactive if the client has initiated no trading and non-trading operations within the last 90 calendar days.
Deposit and Withdrawal
Available methods for depositing and withdrawing funds at Libertex include various payment systems, which makes the process convenient for most clients. The commission for deposit in all cases is 0%, and the broker compensates with bonus funds for all commissions of payment systems. All account top-ups, except for bank transfers, are processed instantly. However, fund withdrawal can take up to 10 working days, and in some cases, an additional commission may apply, which slightly lowers the overall rating.
Deposit Methods
| Payment System | Currencies | Deposit Fee | Operation Limit |
|---|---|---|---|
 Skrill |  USD | 0% | from 10 to 100000000 USD |
 Neteller | USD | 0% | from 10 to 10000 USD |
 Jeton | USD | 0% | from 10 USD |
 WebMoney | USD | 0% limitscommission limits | from 10 to 1000000 USD |
 VLoad | USD | 0% | from 10 USD |
 Bank Transfer | USD | 0% | from 10 to 100000000 USD |
 Visa | USD | 0% | from 10 to 25000 USD |
 Mastercard | USD | 0% | from 10 to 25000 USD |
 Maestro | USD | 0% | from 10 to 25000 USD |
| Cryptocurrency | Blockchain | Deposit Fee | Operation Limit |
|---|---|---|---|
 BTC
(Bitcoin) | BTC | 0% | from 0.001 to 1000000000 BTC |
 ETH
(Ethereum) | ERC20 | 0% | from 0.015 to 1000000000 ETH |
 USDT
(Tether) | ERC20 | 0% | from 20 to 1000000000 USDT |
| USDT
(Tether) | TRC20 | 0% | from 50 to 15000 USDT |
Libertex compensates 100% of all payment system commissions with bonus funds when funding an account. All account top-ups, except for bank transfers, are processed instantly.
Withdrawal Methods
| Payment System | Currencies | Withdrawal Fee | Operation Limit |
|---|---|---|---|
| WebMoney | USD | 0.8% limitscommission limits | from 10 USD |
| Skrill | USD | 1% limitscommission limits | from 10 USD |
| Neteller | USD | 1% | from 10 USD |
| Jeton | USD | 1% | from 10 USD |
| Bank Transfer | USD | 0.5% | from 30 to 100000000 USD |
| Visa | USD | 2.5% limitscommission limits | from 30 to 2800 USD |
| Mastercard | USD | 2.5% limitscommission limits | from 30 to 2800 USD |
| Maestro | USD | 2.5% limitscommission limits | from 30 to 2800 USD |
| Cryptocurrency | Blockchain | Withdrawal Fee | Operation Limit |
|---|---|---|---|
| BTC
(Bitcoin) | BTC | 0% | from 30 to 700000 USD |
| ETH
(Ethereum) | ERC20 | 0% | from 30 to 700000 USD |
| USDT
(Tether) | ERC20 | 0% | from 30 to 700000 USD |
 USDC
(USD Coin) | ERC20 | 0% | from 30 to 700000 USD |
 DAI
(Dai) | ERC20 | 0% | from 30 to 700000 USD |
The broker does not charge a fee for withdrawing funds. However, a commission from the payment systems may apply. In addition, when withdrawing funds without conducting trading operations, the company reserves the right to charge the client an additional commission of 2% of the funds withdrawn.
The company processes the withdrawal request within 10 business days.
Welcome Bonus
The Welcome Bonus from Libertex is a unique reward for new clients upon their first account deposit. The bonus is 100% of the first deposit amount and can be converted into real money for trading or withdrawal.
How does the Welcome Bonus work?
This bonus stimulates active trading, as it is converted into real money from the first trade. The more actively the client trades, the faster they can receive additional funds in their account.
How to get the Welcome Bonus?
- Fund the account. Make the first deposit of at least $100. The Welcome Bonus is credited automatically.
- Trade. Execute trading operations using bonus funds.
- Receive payout. After converting the bonus funds into real money, they can be used for further trading or withdrawal.
Markets and Products
Libertex offers a relatively wide range of trading instruments. This makes it attractive to various categories of traders seeking diversity in investment opportunities.
However, it should be noted that the overall number of CFDs is average in the market, and some competing brokers offer a much more extensive selection of assets. This may limit opportunities for some investors interested in a more excellent choice of CFDs.
What markets are available?
Libertex offers a wide range of trading instruments:
| Broker | IC Markets | Libertex | Pepperstone |
|---|---|---|---|
| Forex | 61 | 51 | 97 |
| Precious Metals | 7 | 5 | 20 |
| Energy Carriers | 5 | 6 | 4 |
| Soft Commodities | 8 | 6 | 16 |
| Indices | 25 | 36 | 26 |
| Stocks | 2175 | 139 | 986 |
| ETF | 38 | 10 | 108 |
| Bonds | 10 | 3 | — |
| Cryptocurrency | 21 | 79 | 30 |
Leverage
Leverage at Libertex may vary for different types of instruments.
| Trading Instrument | Max. Leverage for Retail Traders |
|---|---|
| Forex | 1:30 |
| Precious Metals | 1:20 |
| Energy Carriers | 1:10 |
| Soft Commodities | 1:10 |
| Indices | 1:20 |
| Stocks | 1:5 |
| ETF | 1:5 |
| Bonds | 1:5 |
| Cryptocurrency | 1:2 |
Trading Platforms
Libertex provides trading platforms:
- MetaTrader 4 (MT4) and MetaTrader 5 (MT5) are popular platforms from MetaQuotes with extensive functionality and the ability to use automated trading systems (Expert Advisors).
- Libertex is the broker's proprietary platform, designed for ease and simplicity.
On the Libertex trading platform, some functionality from TradingView is available, namely drawing tools on the chart (trend lines, channels, Gann angles, Fibonacci levels, etc.), patterns of technical analysis figures, various indicators (trends, oscillators for measuring volatility).
The platform also offers 10 timeframes (from 1 second to 1 month) and 6 types of charts (bars, Japanese candles, line, area, hollow candles, and Heiken Ashi).
As for orders, market and pending orders are available, as well as stop-loss and take-profit orders.
On the downside, the platform does not show the instrument's spread. Switching between the bid and ask price is necessary to calculate the spread size.
Overall, in our opinion, there are more convenient trading platforms. And if you want to open an account with Libertex, it is better to choose an account type with MT4 or MT5 - these are more professional trading platforms.
Analytics
Libertex offers a wide range of analytical materials.
Analytical tools
Libertex provides analytical tools such as:
- Daily news and market forecasts.
- Technical analysis.
- Economic events calendar.
Trading systems
Libertex offers investments in various trading systems that allow clients to diversify their investments and earn passive income.
Here's how it works:
- You subscribe to the trading system (TS) newsletter for free;
- Trading signals are sent to your email;
- Following the instructions, you open the corresponding trades in the terminal;
The only condition required for subscription is a minimum deposit related to the trading system.
Model Portfolios
The broker provides model portfolios composed of various assets designed for investors with different levels of risk and return.
When subscribing to model portfolios, you receive:
- accompanying signals to your email for portfolio optimization;
- analytical support from the authors and analysts of the broker;
- monthly portfolio performance reports;
Access to the portfolios is available with a deposit of $5000.
Investment Ideas
Libertex allows its clients to vote for investment ideas based on fundamental and technical analysis, which will help define a long-term strategy. Clients of the broker can invest in the best ideas that have passed the voting stage and selection by analysts.
Education
Libertex specializes in educating its clients and providing extensive educational materials and programs.
Trading Academy
Since 1997, the Investment and Trading Academy has been offering courses for traders, making it one of the first in the post-Soviet space. Upon completing the introductory class, students receive a qualification improvement document or a certificate.
Training Programs
For Beginners. The course is designed for novices wishing to master the basics of trading. It includes training in trading on the Libertex terminal, making trading decisions, and access to ready-made trading strategies.
For Experienced Traders. This course, developed based on 20 years of experience, allows for a deeper dive into the nuances of trading, including working on MetaTrader 4 and Libertex platforms, risk assessment, and applying various trading strategies.
Training Formats
In-Person Training. Individual sessions with the option to attend offline sessions.
Training in the Libertex Terminal. Includes over 80 video tutorials, tests, and a tip system for actual trading.
Online Training. Online webinars and an introductory course of 10 sessions focused on practical work.
Practical Course 'Effective Start'
10 interactive sessions with an expert, 70% practice, and demonstration of all analysis and trading methods in actual conditions.
Libertex focuses on quality training for its clients, providing all the necessary tools for successful trading in the financial markets.
Customer Support
Libertex technical support provides various communication channels. The company's clients note high professionalism and excellent quality of services provided.
Contact Information
Support Service Phones:
Working hours: Monday - Friday, from 5:00 to 21:00 GMT.
There is also a broker feedback form and online chat on the website.
Support Work
Judging by the feedback, clients highly appreciate the professionalism of the team, promptness in solving arising issues, and attentive attitude to their requests.
Conclusion
Libertex is an established broker offering various trading instruments and educational resources. With zero commission on deposits and various analytical tools, this broker can appeal to novice and experienced traders.
FAQ
Is Libertex legit?
Yes, Libertex is a legitimate broker. It is regulated by reputable authorities such as CySEC (Cyprus Securities and Exchange Commission) and BaFin (Federal Financial Supervisory Authority in Germany).
Which country is Libertex from?
Libertex is based in Limassol, Cyprus.
Is Libertex an ECN broker?
No, Libertex is not an ECN broker. It operates as a market maker.
How does Libertex make money?
Libertex makes money through spreads on trades and various fees such as overnight fees and withdrawal fees.
Is Libertex good for beginners?
Yes, Libertex is good for beginners due to its user-friendly platform, zero deposit fees, and extensive educational resources including webinars and demo accounts.
Does Libertex offer a demo account?
Yes, Libertex offers a demo account for traders to practice and familiarize themselves with the platform.
How can I open an account with Libertex?
You can open an account with Libertex by visiting their website, filling out the registration form, and providing the necessary identification documents for verification.
How can I delete my Libertex account?
To delete your Libertex account, you need to contact Libertex customer support and request account closure. They will guide you through the process.
What is the minimum deposit for Libertex?
The minimum deposit starts from $10.
What is the maximum leverage on Libertex?
The maximum leverage on Libertex is up to 1:1000, depending on the asset and regulatory requirements.
How do I deposit funds in a Libertex account?
You can deposit funds in a Libertex account using various methods such as bank transfers, credit/debit cards, and e-wallets like Skrill and Neteller.
How do I withdraw money from Libertex?
To withdraw money from Libertex, you need to log in to your account, navigate to the withdrawal section, choose your preferred withdrawal method, and follow the instructions.
Does Libertex provide VPS?
No, Libertex does not provide VPS (Virtual Private Server) services.
Is Libertex suitable for scalping?
Yes, Libertex is suitable for scalping as it allows traders to open and close positions quickly.
Is Libertex suitable for auto-trading?
Yes, Libertex supports auto-trading through various trading platforms and tools.
Is Libertex suitable for hedging?
Yes, Libertex is suitable for hedging strategies.
Is Libertex suitable for spread betting?
No, Libertex does not offer spread betting services.
