Contents
- 1 Libertex Basics
- 2 Our Opinion About Libertex
- 3 Regulation And Safety
- 4 Fund Safety
- 5 Trading Awards
- 6 Libertex: Legit Or Scam?
- 7 Trading Assets
- 8 Trading Instruments
- 9 Libertex Account Types
- 10 Demo Account
- 11 Islamic Account
- 12 Libertex Registration – How To Open A Trading Account
- 13 Libertex Registration – How To Verify A Trading Account
- 14 Libertex Payment Methods
- 15 Libertex Deposits
- 16 Libertex Withdrawals
- 17 Libertex Trading Platforms
- 18 Trading Tools
- 19 Education And Research
- 20 Trading Services
- 21 Customer Support
- 22 Our Verdict
- 23 Libertex Forex Broker Review FAQ
- 24 Libertex Broker Review – Similar Brokers
Libertex Basics
| 🏛️ Based in | Limassol, Cyprus |
|---|---|
| ⚖️ Regulation | CySEC |
| 💰 Minimum Deposit | $100 (40,000 Naira) |
| 💳 Deposit Options | VISA, MasterCard, Bank Wire, PayPal, Neteller, Skrill, Jeton, & more. |
| 💳 Withdrawal Options | VISA, MasterCard, Bank Wire, PayPal, Neteller, Skrill, Jeton, & more. |
| 📌Open an account | Start Trading With Libertex |
Our Opinion About Libertex
Libertex is a regulated online forex broker. The company was first established in 2012, as part of the Libertex Group, and it has since grown into a large, global forex broker. They have been helping traders navigate the financial markets for a decade. As a result, they offer an award-winning service with fast trade execution, low commissions, and great trading support.
As a regulated forex broker, Libertex offers a secure trading environment and excellent client fund protection measures. They provide easy market access and fast trading. When it comes to tradable assets, they have 250+ CFDs across forex, stocks, indices, cryptocurrencies and more. Libertex also offers investing in real stocks. You can buy shares in world-leading companies, pay zero commission on any investments, and build a sustainable dividend payout portfolio.
If you’re looking for trading tools, then Libertex is a suitable choice. They have a proprietary trading platform that comes with ample trading tools. They also have free educational resources and market news. Their trading support also includes access to an online knowledge base.
Regulation And Safety
Libertex is run by a company called Indication Investments Ltd. It is regulated and supervised by the Cyprus Securities and Exchange Commission (CySEC) with CIF Licence number 164/12. As a regulated company, Libertex is required to offer fair trading conditions and a high level of client fund protection. They are also expected to provide reliable services and excellent customer care.
Fund Safety
Libertex places a high value on client fund safety. It keeps client funds separate from its own funds in segregated accounts, meaning that it cannot use client money for business purposes. This is especially important for traders who only want to trade with reliable providers. It also provides traders with negative balance protection, meaning that it does not allow its clients’ balances to fall below zero. This is especially important for traders who are new to the financial markets and need added fund protection.
Trading Awards
Libertex has won more than 40 prestigious international awards and recognitions. These include “Best CFD Broker Europe” (Global Brands Magazine, 2022) and “Most Trusted Broker in Europe” (Ultimate Fintech Awards, 2021). They also include awards for “Best Trading Platform” (FX Report Awards, 2022).
Libertex: Legit Or Scam?
Libertex is a legit forex broker. They have been offering online trading services for many years and have a large client base in Africa. They are licensed by a reputable financial authority, apply good client fund safety measures, and have won awards for their trading platforms. In terms of their products, they offer several good account options and a good variety of trading instruments. They also have a nice selection of payment methods, as well as fast withdrawals. In our opinion, they are a legit forex broker.
Trading Assets
Libertex offers a good selection of instruments. You can trade with 250+ instruments including forex, stocks, indices, ETFs, options, and cryptocurrencies. You can also trade metals, oil, gas, and agricultural assets. Here are some examples of what’s available:
Trading Instruments
- Currencies: You can trade a wide variety of forex pairs including EUR/USD, GBP/USD, GBP/CAD, EUR/CAD, GBP/SEK, EUR/SEK, GBP/AUD, GBP/NZD.
- Cryptocurrencies: You can trade CFDs on many popular cryptocurrencies including Litecoin, Bitcoin Cash, and Bitcoin.
- Indices: You can trade CFDs on the Russell 2000, NASDAQ 100, Chile Index, Dow Jones, S&P 500, Nikkei 225, and China A 50.
- Oil and Gas: You can choose from a wide selection of CFDs including WTI Crude Oil, Brent Crude Oil, Heating Oil, and Henry Hub Natural Gas
- Agriculture: You can choose from a small selection of CFDs on agricultural products including Cocoa, Sugar, Corn, Coffee, Soybean, and Wheat.
- Metals: You can trade CFDs on many popular metal assets including Gold, Copper, Platinum, Palladium, and Silver.
- Shares: You can trade CFDs on shares from the materials, technologies, industrials, energy, and automobile industries.
Libertex Account Types
Libertex has built its account offering around its online trading platforms. You can choose whether to trade on MT4, MT5 or their proprietary platform. Their live accounts come with tight spreads and low commission, making them a cost-effective choice for traders. The Libertex leverage is also high. The Libertex minimum deposit is $100.
Demo Account
The Libertex demo account is perfect for new traders who need more time to learn about the forex market, and to hone their forex trading skills. It comes with similar trading conditions to their live accounts – including low spreads and high leverage. There is no minimum deposit as the trading is done with virtual capital.
Islamic Account
Libertex provides Islamic swap-free trading accounts. You can choose this option during the Libertex account registration process.
Libertex Registration – How To Open A Trading Account
As part of our Libertex review, we looked at their online registration process. If you live in Nigeria, then you are eligible to open a trading account. Registering is easy. To get started, you need to go to their website, complete the form, and choose your preferred login details. Next, you need to take a quick test. This is so that they can see how much you know about online trading, and decide if their services are suitable for you. Lastly, you need to submit your documents, and choose your account type.
Libertex Registration – How To Verify A Trading Account
As part of our Libertex review, we looked at their account verification process. To open a trading account you’ll need to provide a proof of ID and a proof of address. This is so that they can check your identity. Verifying your account is easy. You can send copies of your National ID card, Passport or Driving License . You can also send copies of a utility bill or a bank statement registered in your name. After you have verified your account, you can add funds and start trading.
Libertex Payment Methods
As part of our Libertex broker review, we looked at what payment options are available. As Libertex is a regulated forex company, with low minimum deposit requirements, opening and funding a trading account is fairly easy. They offer a wide range of popular payment methods, including debit card, credit, and e-wallets.
Libertex Deposits
The company has a good range of deposit methods. You can make secure online payments instantly using Visa and MasterCard issued credit, debit, and prepaid cards. You can also deposit money using e-wallets such as PayPal, Neteller, Skrill, and Jeton.
If you’re looking for other secure payment methods, you can also try one of the available banking solutions. Libertex accepts standard wire transfers. It also accepts payments from Sofot, iDeal, Trustly, Giropay, Multipance, P24, Blik, and eps. If you prefer, you can also use Paysafecard and Teleingreso. Most of these payment options come with instant deposits. The only exception is bank wire transfers, which can take up to 3-5 working days.
Libertex Withdrawals
The company has a smaller range of withdrawal methods. You can make secure withdrawals using Visa and MasterCard issued credit and debit cards. You can also withdraw money using e-wallets such as PayPal, Neteller, Skrill, and Jeton. If you’re looking for other withdrawal methods, you can also use one of their other available banking options. Libertex allows withdrawals via standard wire transfers.
It is worth noting that some withdrawal methods incur a fee. For example, if you withdraw money via debit card or credit card, there is a €1 fee. The withdrawals can take up to 5 days to process. If you withdraw money via standard wire transfers, there is a 0.5% (min. €2, max €10). The withdrawals can take up to 5 days to process.
Libertex Trading Platforms
Libertex offers some of the industry’s best online trading platforms. You can choose from MetaTrader4, MetaTrader5 and the Libertex platform.
MetaTrader4 (MT4) is a good trading platform for new forex traders. It has a very user-friendly interface and comes with many useful trading tools. You can use it to trade popular instruments including forex, stocks, and indices. The Libertex MT4 trading platform has helpful charting tools, 4 order execution types, 30 technical indicators, and 23 analytical objects. You can use these trading tools to do your own market analysis and implement your own trading strategies.
MetaTrader5 (MT5) is also a great trading platform for beginner traders in Nigeria. It has an easy-to-use interface and comes with lots of helpful trading tools. You access and trade all of your favourite instruments including forex, shares, and crypto. The Libertex MT5 trading platform also has many great features including 6 order execution types, 38 indicators, and 37 analytical objects. As such, it has slightly more functionality than MetaTrader4 and offers you more analysis tools.
Libertex also gives traders the option to operate on its own proprietary trading platform. The Libertex platform has a simple interface and a nice selection of built-in trading tools, making it a great choice for new traders. You can choose from their full range of tradable assets and enjoy low-cost trading with tight spreads and low commissions. The minimum trade volume is 20 € (20 £, 20 ₣, 100 zł) and the maximum leverage is 1:20 for forex pairs.
Trading Tools
Libertex offers a small selection of free trading tools. They offer an economic calendar to help you stay on top of market news. It covers all of the essential economic data releases from around the world. It also provides detailed explanations and forecasts of each data release. As such, it makes tracking news and anticipating price movements much simpler.
Education And Research
As a forex broker, Libertex also offers basic educational resources. They understand how important it is for you to have access to learning resources and for them to help you develop the skills you need to trade successfully. For this reason, they offer a basic FAQ section with helpful information about key trading terminology. The company has a dedicated knowledge base that you can use to find answers on everything from account management to
Trading Services
If you’re looking to trade shares, then Libertex is definitely a great option. It offers a dedicated Libertex Invest account for investing in shares. You can use it to build a robust portfolio of shares and earn dividend payments. The company offers an excellent choice in terms of companies – from eBay and Apple, to Tesla and McDonalds. The minimum investment amount in Libertex Invest accounts is 1 share.
Customer Support
As a regulated broker, Libertex ensures they are always available to help their clients. They have a friendly customer support team that can speak several languages. They have several convenient contact options including contact forms live chat, email, or phone.
Our Verdict
Is Libertex legit? Yes, they are a reputable forex broker with an established client base. As a forex trader, you can feel confident that you will have everything you need to trade forex profitably – from marketing-leading trading platforms to low-cost trading conditions. You also can trade with peace of mind knowing that your funds are securely held by a regulated forex broker.
Libertex Forex Broker Review FAQ
Yes, in our opinion, they are a good forex company. The Libertex forex broker offers a nice selection of trading assets, including forex, stocks, commodities, indices, and metals. They also offer good trading conditions, including high leverage, tight spreads, and fast trade execution, enabling you to trade in a fair trading environment. In our opinion, they are a good forex broker and a great choice for traders in Nigeria.
Yes, Libertex is a legit forex broker. They have been offering online trading services for several years and have a large audience in Africa. They are registered with a well-known financial institution, CySEC, and operate under strict safety policies. In terms of their products, they have a nice selection of trading instruments and trading platforms. They also have a good range of payment methods, as well as fast withdrawals. In our opinion, they are a legit forex broker and a great choice for traders in Nigeria.
Yes, Libertex in Nigeria is a registered forex broker. Libertex is run by a company called Indication Investments Ltd. It is regulated and supervised by the Cyprus Securities and Exchange Commission (CySEC) with CIF Licence number 164/12.
Yes, Libertex in Nigeria is a safe forex broker. When it comes to fund safety, they choose to go beyond their minimum regulatory requirements, and provide good client fund security measures. This means that they value their clients and want to help them trade safely. Libertex holds all their client funds in segregated accounts, separate from their own money. This means that they do not use client funds for their own operational purposes. In our opinion, Libertex is a trustworthy forex company.
Yes, Libertex in Nigeria is good for beginners. The Libertex trading accounts come with fair trading conditions, low trading costs, and competitive pricing. They also come with a good choice of trading resources and educational materials. For example, new forex traders, who may need more help with their strategies, can use the detailed trading articles. This will give them access to expert insights and increase their chances of trading profitably.
Libertex in Nigeria is a good forex broker. They have great trading accounts, helpful trading tools, and world-class trading platforms. They have great learning materials, friendly customer support, and good client fund protection. However, if you want to look at alternative options, there are many other great forex brokers as well. We recommend looking at HotForex, FXTM, FXPro, FXPrimus, and Instaforex.
Ready to sign up? Register for an online trading account with Libertex here.
Libertex Broker Review – Similar Brokers
Libertex is a good online forex broker. However, if you want to see more options, there are also many other great brokers in Nigeria to choose from. Here are some forex brokers like Libertex.
Looking for more information? Check out some of our other forex broker reviews.