10 years of helping traders like you become better.

Libertex – Forex Broker Review 2022

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

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.

Trading Instruments

Libertex offers a great choice of instruments. You can choose from 250+ tradable assets 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 on offer:

  • 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. You can also choose from popular CFDs in the finance, telecommunications, consumer goods, consumer services, luxury, and healthcare industries.

Account Types

Libertex structures its account offering around its trading platforms. You can choose whether to trade on MT4, MT5 or their proprietary platform. The Libertex demo account is very helpful and closely mimics a live trading environment. Their live accounts come with tight spreads and low commission, making them a cost-effective choice for traders. The Libertex minimum deposit is $100.

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 on your 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 trading 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.

Deposits and Withdrawals

The company has a good range of payment 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. It is worth noting though that there are less withdrawal options. If you want to withdraw your money, you can choose from debit card, credit card, wire transfer, PayPal, Skrill, Neteller, and Jeton.

Fund Safety

Is Libertex reliable? Yes, it is a licensed forex broker offering a high level of client fund safety. They keep your money in a segregated account, separate from their own operational funds. They also offer negative balance protection.

Trading Support

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.

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. Currently, you can only buy or sell whole numbers of shares, but the company intends to offer fractional shares in the future.

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).

Documents

To sign up for a live account you’ll need to provide a proof of ID and a proof of address. You can provide copies of your National ID card, Passport or Driving license. You can also provide a copy of a utility bill, or a bank statement registered in your name.

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.

Conclusion

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.

Ready to sign up? Register for an online trading account with Libertex here.