With more than a decade of experience in the trading industry, Libertex is offering numerous traders its products and services. Specifically, it is one of the leading platforms when it comes to the complex world of CFD trading. As per its website, the broker has won over 40 awards from financial magazines and institutions for providing trading services to users.

Libertex ranked 14 out of 349 trading companies as per the Traders Union Ranking with the overall score of 8.87 out of 10. This article helps you learn what Libertex is, and how it helps with CFD trading, and covers everything you need to know. 

Libertex: A Reputable Investing & Trading Platform

Libertex online trading platform was founded in 2012 and it offers CFD trading with various types of underlying assets, which include CFDs on commodities, forex, ETFs, cryptocurrencies, etc. The platform has become popular over the years for its CFD services since this trading option is complex and involves high risks along with benefits.

With several years of experience in the market and having multiple  users from the EEA Area and Switzerland, Libertext is a Cyprus based company and is regulated under the Cyprus Securities and Exchange Commission license. Thus, its regulations says it is the  serious platform for trading underlying assets. Traders can access more than 250 underlying assets.

Libertex Key Features 

Libertex is a feature-rich platform and is suitable for both beginners and professional traders. Let us look at some of the prominent features of this trading platform. 

• Libertex is an online trading platform that offers CFD trading and real stock investments. 
• The platform doesn’t charge any hidden costs and has a clear commission fee policy. 
• Major underlying assets offered by Libertex are CFDs on forex currency pairs, cryptocurrencies, commodities, ETFs, and more. 
• The free demo feature allows you to practice trading before involving real money. 
• It supports different types of payment methods to simplify the deposit and withdrawal process for users. The platform supports wire transfer, Visa credit cards, electronic payment gateways like iDeal, Neteller, Sofort, Skrill, etc. 
• The minimum trading amount on Libertex is 20 EUR and minimum deposit amount is 100 EUR. 
• Libertex offers up to 1:30 leverage to retail clients. 
• The mobile application is available on both iOS and Android softwares.

Libertex Services

As we discussed above, Libertex offers CFD trading on different types of underlying assets including cryptocurrencies, ETFs, commodities, etc. The platform offers various key technical indicators to help traders with analysis. The Libertex mobile applications and web platform both provide charts and in-depth technical analysis for all markets. Besides, you can also access trend indicators, volatility indicators, oscillators, etc. 

3 Trading Platforms of Libertex

Libertex has 3 trading platforms – Libertex platform, Metatrader 4, and Metatrader5. The Libertex platform is seamless to use but only runs on the web and is more suitable for day traders because it helps in the fast execution of trades. The  platform also integrates the MT4 and MT5 for offering other features and functionalities. Remember that Libertex offers a mobile app as well. 

Metatrader 4 offers the most popular trading tools for users. It also offers real-time access to market prices, liquidity details, and other information. This platform allows users to execute multiple trading orders with high flexibility. On the other hand, Metatrader 5 allows users to trade CFDs on oil & gas, agriculture, metals, indices, FX, stocks, and more. But MT5 only works on Windows, Mac, and Linux operating systems. Both MT4 and MT5 are more suitable for experienced traders and also help increase their expertise. 

Security measures 

Libertex is one the most popular online trading platforms. As we discussed earlier, the Company is regulated by the Cyprus Securities and Exchange Commission license. Additionally, the Company implements robust security measures and stores the users’ funds in segregated bank accounts. It also uses 128-bit Secure Socket Layer (SSL) encryption to protect the personal and financial information of its users. 

Commission Fees

In our opinion, the Company costs and charges are very low.  The Company  does not charge any fees during registration. However, users need to pay the fees only for trading and there are no other hidden costs .While the deposit of funds is commission free, some withdrawal methods charge fees.

If the Client’s Account is inactive for 180 calendar days (i.e. there is no trading, no open positions, no withdrawals or deposits), the Company reserves the right to charge an account maintenance fee of 10 EUR (10 GBP, 10 CHF, 50 PLN respectively) per month. (Applies to clients with a total account balance less than 5000 euros ( 4500 GBP, 5300 CHF, 22500 PLN respectively).

Account maintenance fees of €10 is charged only in case the clients have not withdrawn the remaining balance from his/her account within two months from the termination date of the Agreement. For more information about commission fees, visit Libertex website at https://libertex.com/specification.

How to Start Trading on Libertex?

To start trading on Libertex, first you need to open an account and deposit funds using your convenient payment method. Signing up and opening an account on Libertex is a simple process and just takes a few minutes. Let us look at the step by step process here. 

• First, go to the website and click on the “Sign up” button on the top right corner. Enter your details like name, email, phone number, and other relevant details to sign up and register on the platform. 
• The platform will verify your account either by using email address or phone number. 
• Next, the platform verifies the user identity online with the help of user identity cards or any other government-issued cards as well as proof of residence to ensure that the user complies with AML rules. 
• Users need to deposit a minimum of 100 EUR to start trading on Libertex. 

Next, you can browse the platform and find the underlying asset class that you would like to start trading. If you are a beginner, you can start with the free demo account, which provides 50,000 EUR virtual money to practice trading on the platform.  

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Conclusion

Overall, Libertex is one of the best online trading platforms for CFD trading. It has been in the industry for over a decade and improvised its products and services to provide various trading experiences for users. If you are a beginner, you can use the Libertex platform but if you are an experienced trader, you can make use of the MT4 and MT5 platforms to make the most of your skills. The low trading fees and the easy-to-navigate interface of the platform makes it a suitable for beginners to get started with trading. 

Frequently Asked Questions (FAQs)