Libertex Review 2023- Is it Legit or a Scam?

Libertex Review 2023- Is it Legit or a Scam?


This is great because it is always up to date and you can access your account from someone else’s device if need be. The MetaTrader app is useful for those who wish to access their account and trade whilst on the go. I am constantly checking my trading apps to see how my trades are performing and what is going on around the markets. However, the desktop platform is my preferred version as it has all of the core functionalities, including automated trading.

Best Forex Managed Accounts 2023 – Public Finance International

Best Forex Managed Accounts 2023.

Posted: Wed, 15 Feb 2023 08:00:00 GMT [source]

While doing this Libertex Review, we came across various unknown facts that go in favor of this broker and tagging this platform as a legit one. There is no scope for doubts that can go against Libertex being a genuine broker that serves its clients with all the facilities that they expect from an online broker like this. The registration is easy; practicing trading at no risk is made easy by the demo account feature of the platform. In addition to the in-house trading platform, Libertex offers MetaTrader4 on a desktop, web-based, and mobile application.

AvaTrade is an award-winning and multi-regulated broker offering a great selection of trading instruments including Forex, Cryptos, Stocks and Commodities. You can trade on all of your devices via user-friendly platforms with excellent trading conditions and no commission fees. Libertex is a well-regulated broker which offers a decent range of tradable instruments, though the company’s offering might prove too limited for advanced traders. While the company’s offer of zero spread trading is highly attractive, the charges on additional costs, such as inactivity fees, can prove quite expensive over time. Libertex scored high in the Tradable Instruments category. The broker offers a reasonable amount of CFDs, while some of the available instruments can be traded as CFD options.

KVB Kunlun Account Types

We are sorry if your with our company hasn’t been great. All reviews, both negative and positive, help us improve our service. Thank you so much for taking the time to provide feedback.

T+2 Settlement – Public Finance International

T+2 Settlement.

Posted: Thu, 13 Oct 2022 07:00:00 GMT [source]

You can just choose the platform depending on what works best for you. If this too much for you at the moment, TD365 have a $1 minimum deposit to get started. As with most brokers, you do have the option of a demo account which is a great way to practice trading online. It is also nice to see that they support Muslim traders with the Islamic swap-free account option. Libertex’s assortment of currency pairs, commodities, stocks, cryptocurrencies, and indices is medium to high compared to the industry, affording access to different markets. The broker caters to the needs of different types of traders – from those with an affinity towards high-risk/high-return assets to more risk-averse traders.

I found them to be ideal for no-nonsense access to the markets with everything you need to ensure a smooth trading experience in a regulated environment. I have had an account with them for a few years now and always received a top-notch service. You can open an account using the online application form that takes just a few minutes to complete and begin trading with a deposit of just $100. If you are a beginner, there is even the option of a risk-free demo account to get a feel of what they can offer you.

For a trader to make a profit or avoid making a loss on a trade, the price must move enough to make up for the cost of the spread. The cost of trading is the overall expense that a forex trader incurs in order to run their trading business. Below is an in-depth review of Libertex to help you make an informed decision before opening your account or trading on their platform. As for trading conditions, they are just at the average level compared to large brokers. We conducted our test on the 11th of July via the live chat option, available at the bottom-right corner of the main page. We requested additional information pertaining to Libertex’s swap-free trading option.

The agent who attends me is 24 hours to respond, the “analytical support” to solve my case is more than 5 days to verify a clear error of the platform . For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker. This includes pros, cons and an overall rating based on our findings. We aim to help you find the best broker according to your own needs. ETFs offered include iShares Core U.S. Aggregate Bond ETF, iShares MSCI Germany ETF, iShares MSCI United Kingdom ETF and others.

You will have to provide an email address and choose a password. Stop orders are triggered when the price moves to a specific level, in which case they get transformed into market orders and filled at the best possible price. For instance, stop-loss orders are fixed at a specific price level, while trailing stops are placed at variance from the spot. Traders can also receive regular updates relating to the biggest daily gainers and losers on their apps, which is very useful as it lets them know the best trading opportunities at any time.

I like the news which are good…

The entity’s licencing information and Legal Docs sections are pretty exhaustive, and there is even a Fraud Warning letting clients of the company know of clone firms pretending to be Libertex. In our tests for the Trust category, we also cover factors relating to stability and transparency. Here, we focused on how long the broker has been in business, the company’s size, and how transparent they are in terms of readily available information. While Libertex might lack certain educational tools, it makes up for this with a streamlined interface that facilitates rapid trades – and that’s more than enough reason to open an account today. Users can use the Order Management feature to look at live quotes for every available underlying asset.

The news section is where traders can read up on the latest market developments. The impact of economic releases on the price of a given asset is underscored in a sentence or two. Experienced traders who appreciate fundamental analysis can certainly draw the maximum out of Libertex’s research content. In contrast, beginners are more likely to struggle to understand the general reasoning behind such developments from the broker’s topic-specific materials. The leverage determines a trader’s overall market exposure. When trading Contracts for Difference , positions can be opened for a fraction of their value because of the leverage.

Market If Touched (MIT) Order – Public Finance International

Market If Touched (MIT) Order.

Posted: Mon, 10 Oct 2022 07:00:00 GMT [source]

We would recommend for you to complete the verification of your libertex review before proceeding with trading real money for security. If you deposit funds without verifying the account and later have problems with verification, there might be difficulty in the withdrawal of funds. Libertex web platform As you can see in the center of the picture of the Libertex Web Platform, there is the chart and the current market.

How serious is Libertex?

An agent connected almost instantaneously, and he provided a satisfactory answer fairly quickly. The most popular order type in the industry, market orders are used for immediate entry at the best possible price. If triggered, they guarantee volume filling, though there could be a discrepancy between the requested price and the price where the order actually gets filled. These can be used to examine the behaviour of the price action in the long term and the short term.


All funds deposited into your trading account must be under the same name as your Libertex trading account. Accounts can only be opened in EUR which is disappointing. I think they could help clients avoid currency conversion fees by adding support for some more currencies. Libertex give you access to trade a generous selection of more than 244+ instruments including Forex, Stocks, Cryptocurrencies, Metals, Indices, Agriculture, Oil & Gas and ETFs. You will find all of the financial instruments that you would expect from a top broker, including major currency pairs, popular cryptos and stocks of the largest companies. Whilst there are plenty of options, they don’t quite compare to the likes of Swissquote who have over 8,500+ instruments in comparison.

My self experience in fact is good

Libertex’s research content provides an adequate yet not all-encompassing overview of current market trends. Its articles do a good job of explaining the general causes of significant market developments, though its news breakdowns are very narrowly focused on the direct impact on the price of a given asset. The technical analyses also suffer from a lack of supporting materials, such as charts. The broker regularly publishes informative opinion pieces on hot topics that impact the global economy.

  • Very few other online brokers can offer such a wide range of underlying assets to their clients.
  • Each Libertex client is treated with special care and offered a variety of high-speed, reliable, cutting edge technology platforms to choose from.
  • If you prefer to trade with a bit of diversification then indices on CFDs could be just the right choice for you.

It’s a plus that it doesn’t charge any fees for deposits and only has little withdrawal fees that are easy to handle. Libertex’s traders have access to detailed charting for each asset. There is also the option to view the chart in full-screen mode, which allows for a thorough analysis.

Deposits and Withdrawals

Trading CFDsis done on certain assets with a 0% commission, namely on some currency pairs, cryptocurrencies and options. In addition, Libertex charges a so-called inactivity fee. If you trade on the Libertex trading platform, you don’t have to expect high spread fees, but the platform has to make a living from something. If we look at all the other reputable online brokers that offer CFD trading, we quickly realize that it’s quite a unique feature.

I’m only on demo but I’m not sure if can draw support and resistance lines. All contents on this site is for informational purposes only and does not constitute financial advice. Consult relevant financial professionals in your country of residence to get personalised advice before you make any trading or investing decisions. may receive compensation from the brands or services mentioned on this website. Skilling – Skilling are an exciting brand, regulated in Europe and beyond, offering 900+ instruments and spreads from 0.1 pips.

  • Demo accounts are available on the web and through mobile apps.
  • Traders often seek out brokers which provide a decent research offering, as proper analytical tools can play a key role in executing profitable trades on the often volatile Forex market.
  • As we have already discussed, Libertex gives you access to its proprietary trading platform, as well as MetaTrader 4 and MetaTrader 5.
  • As such, the company expanded rapidly after its founding, and through its global operations, the broker serves clients in more than 110 countries.

As we have already discussed, Libertex gives you access to its proprietary trading platform, as well as MetaTrader 4 and MetaTrader 5. What was immediately noticeable in our Libertex test, you have to pay very tight spreads on CFD trading, starting from only 0.1 pips, and this is an important feature of the broker. I have been working with this broker for a long time on small deposits. The terminal is convenient and the interface is intuitive.

Beginners can browse through some good educational content and practice on a demo account. Despite the positives, I think the account types are limited whilst leverage is restricted for those who do not qualify as professional clients. The non-fx instruments are also not as extensive as some other brokers.

This is arguably its greatest drawback because traders are not afforded even basic charting tools to outline key support and resistance levels. The mobile app version of Libertex’s platform is just as sophisticated as its web trader counterpart. Generally, apps are not ideal for conducting probing technical analyses because they run on low-resolution devices. Libertex’s platform avoids this problem to a degree by being news-oriented rather than emphasising price action.

mobile application

There are some discrepancies between the four, chiefly in how commissions are structured and their minimum trading volume requirements. Platforms are where you trade, so they must be secure, fast, and accessible while offering you the tools you need to succeed. Each broker’s desktop, web, and mobile platforms are evaluated according to the order types, speed of execution, ease of use, and other ‘need to know’ features.

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