Libertex Review 2024

Last updated Feb 24, 2024
Логотип Libertex
4.1/5
№26 in the brokers' list73.77% of retail investors lose money when trading CFDs with this broker
Nikolay Zavarov - Author
Nikolay Zavarov
Author
Andrey Bondarenko - Editor
Andrey Bondarenko
Editor

In this article, we will review the terms offered by Libertex. An overview of the service will be provided, and customer feedback from those who have previously worked with the company will be analyzed.

This material will be helpful for all traders searching for a broker. After studying it, you will be able to make a decision: whether to open a trading account with Libertex or to continue searching for a brokerage firm.

Libertex Broker Overview

Foundation Year1996
Official Websitehttps://libertex.org
Regulated in CountriesSaint Vincent and the Grenadines, Belarus, CyprusMore Details
Minimum Deposit
  • 10 USD
Spreadfrom 0 points
Max Leverage1:1000
Trading Assets
  • Forex
  • Stocks
  • Cryptocurrency
  • ETF
  • Precious Metals
  • Energy Carriers
  • Agricultural Commodities
  • Indices
  • Bonds
Trading Platforms
  • Libertex
  • MetaTrader 4
  • MetaTrader 5
Email Support
  • support@libertex.org
Hotline Phones
Social Media

Libertex 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 Review Summary

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

Rating:5/5
Legal EntityRegulator

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

Rating:5/5

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:

  1. Go to the official company website.
  2. Fill out the form with your details (name, email, phone number, country and city of residence, password).
  3. Confirm that you are 18 or older and agree to the processing of personal data.
Registration at libertex.org
Registration at libertex.org

Personal Portal Overview

The personal portal at Libertex has a simple and user-friendly interface. Here you can:

  1. Open and manage trading accounts.
  2. Deposit funds and withdraw money.
  3. Learn about current bonuses and promotions.
  4. Download trading platforms.
  5. Use analytical materials and educational resources.
Libertex Personal Portal
Libertex Personal Portal

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

  1. Filling in personal details. The client must provide all necessary personal information in the relevant section of the Personal Area.
  2. 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.
  3. 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

Rating:3/5

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:

LibertexMT4 MarketMT5 MarketMT4 InstantMT5 InstantLibertex Portfolio
Account CurrencyUSD
Minimum Deposit10 $
Trading PlatformsLibertexMetaTrader 4MetaTrader 5MetaTrader 4MetaTrader 5Libertex
Spreadfloatingfrom 0.3 pipsfor EURUSD~ 0.4 pipsfloatingfrom 0 pipsfor EURUSD~ 0.1 pipsfloatingfrom 0 pipsfor EURUSD~ 0.3 pipsfloatingfrom 0.1 percentfor GOOGL~ 0.1 percent
Commission per Tradeper 1 lot~ 3 $
Trading AssetsForexStocksCryptocurrencyETFPrecious MetalsEnergy CarriersAgricultural CommoditiesIndicesBondsStocksETF
Opened Positions
Leverage1:1-1:9991:1-1:10001:1-1:10
Margin Call / Stop Out100% / 50%
Order ExecutionSTPMMSTP
Demo Account
Islamic Account
RegisterRegisterRegisterRegisterRegisterRegister
  • 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

Rating:3/5

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:

BrokerIC MarketsRaw SpreadPepperstoneRazorLibertexMT5 MarketVantageRawRoboforexECN
Commission per lot$3.5$3.5$3$3$2.16

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.

AssetAverage spreadSwap longSwap short
AUDUSD0.7 pips-0.00 %-0.00 %
EURUSD0.4 pips-0.01 %0.00 %
GBPUSD0.9 pips-0.01 %-0.00 %
NZDUSD1.0 pips-0.00 %-0.00 %
USDCAD0.3 pips-0.00 %-0.00 %
USDCHF0.6 pips0.01 %-0.01 %
USDJPY0.8 pips0.00 %-0.01 %

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

Rating:4.2/5

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 SystemCurrenciesDeposit FeeOperation Limit
SkrillSkrill
USD
0%
from 10 to 100000000 USD
NetellerNeteller
USD
0%
from 10 to 10000 USD
JetonJeton
USD
0%
from 10 USD
WebMoneyWebMoney
USD
0%
from 10 to 1000000 USD
VLoadVLoad
USD
0%
from 10 USD
Bank TransferBank Transfer
USD
0%
from 10 to 100000000 USD
VisaVisa
USD
0%
from 10 to 25000 USD
MastercardMastercard
USD
0%
from 10 to 25000 USD
MaestroMaestro
USD
0%
from 10 to 25000 USD
CryptocurrencyBlockchainDeposit FeeOperation Limit
Логотип BitcoinBTC (Bitcoin)BTC
0%
from 0.001 to 1000000000 BTC
Логотип EthereumETH (Ethereum)ERC20
0%
from 0.015 to 1000000000 ETH
Логотип TetherUSDT (Tether)ERC20
0%
from 20 to 1000000000 USDT
Логотип TetherUSDT (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 SystemCurrenciesWithdrawal FeeOperation Limit
WebMoneyWebMoney
USD
0.8%
from 10 USD
SkrillSkrill
USD
1%
from 10 USD
NetellerNeteller
USD
1%
from 10 USD
JetonJeton
USD
1%
from 10 USD
Bank TransferBank Transfer
USD
0.5%
from 30 to 100000000 USD
VisaVisa
USD
2.5%
from 30 to 2800 USD
MastercardMastercard
USD
2.5%
from 30 to 2800 USD
MaestroMaestro
USD
2.5%
from 30 to 2800 USD
CryptocurrencyBlockchainWithdrawal FeeOperation Limit
Логотип BitcoinBTC (Bitcoin)BTC
0%
from 30 to 700000 USD
Логотип EthereumETH (Ethereum)ERC20
0%
from 30 to 700000 USD
Логотип TetherUSDT (Tether)ERC20
0%
from 30 to 700000 USD
Логотип USD CoinUSDC (USD Coin)ERC20
0%
from 30 to 700000 USD
Логотип DaiDAI (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?

  1. Fund the account. Make the first deposit of at least $100. The Welcome Bonus is credited automatically.
  2. Trade. Execute trading operations using bonus funds.
  3. Receive payout. After converting the bonus funds into real money, they can be used for further trading or withdrawal.

Markets and Products

Rating:4.4/5

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:

  • 51 currency pairs;
  • 79 cryptocurrency pairs;
  • 5 metals, gold paired with USD and EUR;
  • 36 stock indices;
  • 139 stocks from NYSE and NASDAQ;
  • 6 energy commodities;
  • 6 agricultural commodities;
  • 10 ETFs.

Leverage

Leverage at Libertex may vary for different types of instruments.

Trading InstrumentMaximum Leverage
Forex1:1000
CFD on stocks1:10
Indices1:500
Oil and gas1:100
Agricultural commodities1:50
Metals1:500
Cryptocurrencies1:200

Trading Platforms

Rating:4.5/5

Libertex provides trading platforms:

  1. 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).
  2. 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).

Libertex trading platform
Libertex trading platform

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.

Market order on Libertex
Market order on Libertex

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

Rating:4/5

Libertex offers a wide range of analytical materials, although some traders may find them not profound or specialized enough.

Analytical tools

Libertex provides analytical tools such as:

  1. Daily news and market forecasts.
  2. Technical analysis.
  3. Economic events calendar.
Libertex analytical materials
Libertex analytical materials

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:

  1. You subscribe to the trading system (TS) newsletter for free;
  2. Trading signals are sent to your email;
  3. 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:

  1. accompanying signals to your email for portfolio optimization;
  2. analytical support from the authors and analysts of the broker;
  3. 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.

Libertex Investment Ideas
Libertex Investment Ideas

Education

Rating:5/5

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.

Libertex video training course
Libertex video training course

Customer Support

Rating:3/5

Libertex technical support offers limited communication channels. Customer reviews vary: some praise the professionalism and quality of services, while others complain about slow responses and service issues. Support working hours are limited.

Contact Information

Support Service Phones:

  • International: +44 745 641 78 28
  • Working hours: Monday - Friday, from 5:00 to 21:00 GMT.

    Unfortunately, the broker does not have an instant messaging chat, nor is an email address provided. However, there is a feedback form on the website.

    Support Work

    Based on reviews, opinions about the technical support vary, but most clients appreciate the team's professionalism and the quality of services provided.

    Libertex Pros and Cons

    Advantages

    1. Reliability and regulation.
    2. Tight spreads.
    3. Wide range of trading instruments.
    4. Attractive trading conditions.
    5. The rich selection of educational materials and analytics.

    Disadvantages

    1. Lack of specialized accounts - such as Islamic accounts and accounts for passive investing.
    2. High swaps and inactivity fees.
    3. No email address was provided for support contact, and there was no chat on the website. The only way to quickly contact support is by phone, which may be inconvenient for some traders.

    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.

    Visit Libertex73.77% of retail investors lose money when trading CFDs with this broker
    Nikolay Zavarov - Author
    Nikolay ZavarovAuthor

    Nikolay is an experienced specialist in financial markets and co-founder of IamForexTrader. He has been successfully trading Forex since 2014 and has been actively involved in the cryptocurrency market since 2017.

    He develops investment strategies adaptable to any level of experience and has been actively investing in stocks, bonds and ETFs since 2018.

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