As known from:
CoinCodexCoinWireICOBench
Write a Review
Write a Review
Nothing Found
Contains commercial content
TradersBest.com / Libertex Review

Libertex Review UK 2024

Libertex CFD Trading

Libertex is no longer recommended by tradersbest.com.
Our Top alternatives:
Details
User Reviews

Established in 1997, Libertex offers an award-winning platform for CFD trading. Having millions of users worldwide, the broker has established a respectable reputation over the years. The award-winning Libertex platform offers a comprehensive trading experience, making it an excellent choice for UK traders.

Whether you’re a beginner who’s just entering the trading market or an experienced trader who wants to shift to a better trading platform for their everyday trades, the following Libertex review UK is worthy of your attention. Continue reading to understand why Libertex should be your go-to option for CFDs.

Read More
Payment Methods
PayPal
Visa
Mastercard
+
License
CySEC - Cyprus Securities and Exchange Commission
Company
Indication Investments Ltd
Founded
2012
Website
libertex.com
Available Languages
EN
DE
+
Customer Support
Live Chat, Phone, Email Support
Email
info@libertex.com
Phone
+357 22 025 100
Overall Rating
Rating follows
No review posted yet.
User Rating
0/5
5 Stars
0%
4 Stars
0%
3 Stars
0%
2 Stars
0%
1 Star
0%
Alexander Foster
Last Updated on 16/03/2024

Offers and new customer experience – is Libertex good?

Positive
Negative
  • Low commission fee, which remains fixed on all trades
  • Two award-winning trading platforms, which are both powerful and user-friendly
  • A low minimum deposit requirement
  • Numerous trading options and instruments
  • Highly reputable
  • Regulated & authorized by several tier-1 financial authorities
  • Operating in 120 countries across the globe
  • Over 40 international awards
  • A limited choice of accounts to choose from

Once you’re registered with Libertex and start trading, you’ll find numerous markets to trade in, several tools to support you with your trades, and excellent trading support.

For beginners, Libertex has introduced a demo account feature that simulates the experience of their actual trading account. The purpose of the demo account is:

  • To make sure traders know the risks associated with trading, and especially in regards to CFDs.
  • To enable traders to practice and refine their trading practices.
  • And lastly, to ensure traders are comfortable with the trading platform before using it “for reach”.

Everything from the Libertex account opening process to their trading platform and educational courses is designed to suit beginners. On top of that, users have access to an extensive FAQ section if they have any questions. If an answer cannot be found in the FAQ section, the Libertex customer support team is available Mondays to Fridays from 9am to 9pm (GMT +2).

Usability - sleek and straightforward

The act of trading, and all of the preparatory work and research that goes into it, is complex enough in and of itself, so we always look for platforms that offer simplicity. In this regard, Libertex perform very well indeed. Where bells and whistles are required in terms of functionality, they are there. Anything else that can be stripped back to enhance the user experience and keep everything straightforward has been removed.

Accounts and trading options at Libertex

The trading platform allows traders to trade all assets as CFDs. This is beneficial for those who have limited capital because CFD trading enables you to trade without owning the underlying assets. Additionally, trading currencies on CFDs is beneficial because you don’t have to worry about securing the currency in online wallets or having to own large sums of money.

Note: CFDs are highly risky instruments and most suitable for intermediate to expert traders. Most CFD trades end up in a loss, so it’s better to know the risks you may face before jumping into a CFD trade.

Trading fees at Libertex

The average commission you can expect on a popular currency pair can be 0.008%; meanwhile, the commission on currency pairs can range from 0.47% up to 2.5%. Compared to other brokers, the commission fees and spreads on Libertex are quite low.

The best part about trading with Libertex is that they don’t have any hidden charges. You can expect to pay the bare minimum costs that are mentioned on their website and not a penny above that.

Libertex trading platforms - excellent range of choice

The most important aspect of any online broker is the trading platform they offer. Why? Well, simply because if you’re trading digitally, you’ll be spending a fair amount of time on the platform. Keeping that in mind, each of Libertex’s trading platforms is designed using top-notch technology while keeping user experience in mind.

There are three trading platforms to choose from, their in-house built platform named Libertex, the MT4 trading platform, and the MT5 trading platform, which are both built by a third party developer. To help you decide which platform is best for you, here’s an elaboration on each of the platforms to understand who they’re most suitable for.

Libertex should be your go-to option if:

  • You’re looking for an award-winning platform.
  • You require a platform that offers good accessibility so you can manage your capital on the go.
  • You’re interested in accessing 250 trading instruments.

Metatrader4 should be your go-to-option if:

  • You want a technically advanced platform.
  • You’d like to get analytics and professional insights.

Metatrader5 should be your go-to option if:

  • You want a more advanced platform with additional analytical tools.

Learn more about making payments with Libertex

One of the best things about Libertex is that it offers flexible payment options. Depositing and withdrawing funds is a smooth process.

The deposit options are:

  • Bank transfer
  • Debit/credit card
  • Rapid Transfer
  • Neteller
  • Skrill
  • Trustly
  • GiroPay
  • Multibanco
  • P24
  • Sofort
  • iDEAL

All of these options allow instant deposits, while bank transfer takes up to 1 business day. Similarly, withdrawing money can easily be done through:

  • Bank transfer
  • Debit/Credit card
  • Skrill
  • Neteller
  • Rapid transfer
  • Multibanco
  • P24

Again, withdrawing through bank transfer can take a day; meanwhile, all other options are faster. The minimum deposit required is €100, which is pretty low when compared to other brokers. Libertex also provide a help section explaining how you can fund your account. It doesn’t matter where you are; you can access your funds however and whenever you please, instantly.

PayPal
Visa
Mastercard
Neteller
Skrill
+ 4

Focusing on customer service with our Libertex review UK

Keeping in mind that the trading platforms offered by the broker are used in many countries worldwide, they offer customer support in eight different languages, including Dutch, English, German, Greek, French, Italian, Polish, and Spanish.

During our review of Libertex, we found that you can access customer support through live chat, email, and phone. The customer support team is available Monday – Friday, from 9am to 9pm (GMT +2). For help after hours and on weekends, you can find answers in their comprehensive FAQ section where they address almost any query that could arise.

You can expect to receive a response through all customer support modes within a day. The live chat is the most efficient; meanwhile, email and phone are pretty efficient as well. Getting through to a customer support team member isn’t hard as it seems that they’re always on their toes, waiting to solve incoming queries.

Regulation and deposit insurance

Under Indication Investments Ltd, Libertex is regulated by a tier-1 financial authority, Cyprus Securities and Exchange Commission Legislation (Licence No. 164/12). CySEC has numerous rules and regulations in place to ensure the protection of trader’s money.

For instance, Libertex keeps company funds and client’s funds in completely separate accounts. Also, they use tier-1 banks to store clients’ funds because they value the importance of capital security for traders.

On top of that, with Indication Investments Ltd, according to anti-money laundering regulations, you will need to upload documents to prove your identity and residency. They also have encryption methods (128-bit SSL encryption) to protect all data transferred throughout their websites and platforms.

On top of that, they’re also backed by the ICF, The Investor Company Fund, which offers 20k euros in case of bankruptcy. As a beginner or even as an intermediate trader, the safety of a broker is the most important thing to keep an eye out for.

FAQs from those who have read our review of Libertex

❓ Where can I trade CFDs?

There are many platforms offering CFD trading, however, it’s always best to try out a demo account before jumping into actual trades in order to increase the chances of successful trades and reduce the risk that tags along with CFD trades. For a review of an award-winning CFD trading platform, check out our Libertex review at TradersBest.

💡 Are CFDs risky instruments?

Whatever instrument you decide to trade, it’s important to acknowledge and prepare yourself for the risk that comes along. While CFDs are highly risky instruments, some people find it to be rewarding as it allows you to make larger trades with lesser capital, noting that you don’t have to own the underlying asset. In order to reduce the riskiness of CFDs, users must choose a user-friendly trading platform that offers a demo account, expert support, and analytical graphs. You can find out more about CFD trading through our website.

🆕 Is Libertex good for CFD trading?

CFD trading is recommended for experienced traders and investors, due to the risks involved. If you are looking for an award-winning CFD trading platform, then Libertex might be the place for you. You can visit our website to find out more about CFD trading at Libertex with our dedicated review.

Our Libertex review conclusion

There’s a lot to assess with Libertex, but over the course of our review, we found there is very little to fault. The site is well-designed and performs admirable, the service provision is broad, and there’s the reassurance of good regulations to back it all up. Of the many available options out there, everything we saw from Libertex demonstrated that the brand is more than capable of providing a strong trading environment to anyone who wishes to join. We also recommend reading our dedicated FP Markets review and our review of Robinhood – before you leave to have a look at Libertex, of course.

User Reviews for Libertex

No review posted yet.

Post your own Review

* required

Further Reviews

Latest User Reviews
No review posted yet. Be the first!
Top CFD Sites
eToro
eToro
eToro Review
4.8/5
Admiral Markets
Admiral Markets
Admiral Markets Review
4.6/5
XTB
4.5/5
Avatrade
Avatrade
Avatrade Review
4.4/5
FXTM
4.2/5
Receive the latest trading news by email + our free eBook
Nobody is born a trading expert. Register now to receive the Ultimate Guide to Trading Cryptocurrencies in 2022 (and beyond), and receive the TradersBest.com newsletter with the latest market news and broker reviews!.

By registering, I agree that TradersBest.com may send me newsletters via email at regular intervals. This consent can be revoked at any time.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Trading financial products carries a high risk to your capital, especially trading leverage products such as CFDs.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Trading financial products carries a high risk to your capital, especially trading leverage products such as CFDs. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

This site is using Cloudflare and adheres to the Google Safe Browsing Program. We adapted Google's Privacy Guidelines to keep your data safe at all times.

Close
×
Your Bonus Code:
The bonus offer of Libertex was already opened in an additional window. If not, you can open it also by clicking the following link:
Visit Site