If you’re looking to trade CFDs online – maybe because you want access to more sophisticated markets or you’re planning to use leverage, you might want to consider Libertex.
This CySEC-regulated trading platform offers a range of CFD asset classes – including stocks, indices, cryptocurrencies, ETFs and commodities. One of the main attractions with Libertex is that you can trade without paying any spreads.
But, is Libertex the right CFD trading platform for you? That’s exactly what we intend on finding out in this Libertex review. We all fundamentals surrounding tradable assets, fees, payment methods, tools, features, and safety.
- 1 What is Libertex?
- 2 What Shares Can You Buy on Libertex?
- 3 Libertex Fees & Commissions
- 4 Libertex Platform and Trading Tools
- 5 Libertex App
- 6 Libertex Demo Account
- 7 Research and Analysis at Libertex
- 8 Libertex Leverage
- 9 Payments at Libertex
- 10 Customer Service at Libertex
- 11 Is Libertex Safe?
- 12 Libertex Pros and Cons
- 13 The Verdict
- 14 Libertex – Top CFD Broker with Low Fees
- 15 FAQs
What is Libertex?
Launched in 1997, Libertex is an online CFD trading platform with a solid reputation that now spans over two decades. The provider claims to operate in 110 countries covering more than 2.2 million clients along the way. This includes a good blend of everyday retail traders and professional investors.
Unlike a lot of its industry counterparts, Libertex doesn’t offer an overbearing service that comes jam-packed with thousands of financial instruments. Instead, the platform has decided to specialize in a few niche asset class – by covering just 213 markets. This includes a good selection of stocks, ETFs, forex, cryptocurrencies, commodities, and more.
Each and every financial market at Libertex can be traded with leverage. This is capped at 1:30 if you’re based in the UK and class as a retail trader. If you fall within the remit of a professional trader, then you could get leverage of up to 1:600. This means that a £100 account balance would give you access to £60,000 in trading capital.
In terms of the trading platform itself – LIbertex offers two options. For those of you more interested in a user-friendly trading experience without the bells and whistles of advanced tools, you might be more suited for the Libertex web trader. But, if you’ve got plenty of experience in the online trading scene and want to make use of technical indicators, drawing tools, customized screens, and even automated robots – you can trade via MT4.
First and foremost – it is important to remember that you will not be ‘buying’ shares at Libertex. On the contrary, you will be trading stock CFDs. This means that you will be attempting to predict whether the price of the stock will go up or down in the short-term.
Crucially, the CFD instrument that you trade at Libertex is not backed by the actual stock itself, so you don’t have a legal right to the shares. But – and as we cover in more detail shortly, this comes with the added benefit of super-low trading fees, the ability to go long and short, and access to leverage facilities.
In total, Libertex offer 50 share CFD markets. This main centres on the major blue-chip stocks listed on the New York Stock Exchange and NASDAQ. For example, you can trade share CFDs such as Tesla, Facebook, Amazon, and Apple. There are also several. stocks from the UK, European, and Latin American markets.
Libertex is well known in the online forex trading space. The platform offers most major and minor pairs – covering the likes of EUR/USD, GBP/USD, USD/JPY, and USD/CAD. Although it is industry-standard for an online forex broker to offer of the most popular trading pairs in the arena, what we like about Libertex is that you can also trade a variety of exotics.
These are simply forex pairs that contain at least one emerging currency. This includes the Mexican peso, Singapore dollar, Turkish lira, South African rand and more. These exotic currencies can be traded against major currencies like the USD, EUR, or GBP.
On top of forex, you can also engage in commodity trading at Libertex. This covers the main three categories of energies, hard metals, and agricultural products.
Here are the specific commodities that you cab trade at Libertex.
- Metals: Gold, silver, copper, platinum, palladium
- Energies: Brent crude oil, WTI crude oil, Henry hub natural gas, heating oil, light sweet crude oil
- Agricultural: Coffee, cocoa, soybean, wheat, corn, sugar
While most commodity brokers in the UK retail space focus on just the major oil, gas, and gold markets – as you can see from the above Libertex goes one step further.
If you’re also interested in accessing the indices trading scene, you’ll be pleased to know that Libertex offers heaps of markets.
Major indices markets include:
- NASDAQ 100
- DOW JONES 30
- SP 500
- RUSSELL 2000
- FTSE 100
- CHINA 50
- HANG SEN
- NIKKEI 225
You will also have access to a good number of less liquid stock market indices, such as:
- SPAIN 35
- ITALY 40
- RUSSIA 50
- ISRAEL 35
- CHILE INDEX
Libertex gives you access to 10 ETF trading markets. In comparison to other CFD brokers in the space, this is a bit thin on the ground. Most of the ETFs are backed by iShares, while there is also a market offered by Vanguard band SPDR.
Libertex Fees & Commissions
Libertex claims to offer an industry-leading pricing structure, so we explored the ins and outs of what fees you should expect to pay when using the platform to trade. As such, be sure to review the following sections to make sure that you have a firm grasp of what you will be charged when using Libertex.
The stand-out selling point in the fee department is that of its zero spread offering. This is something that we have not come across before in the CFD trading scene, as spreads are something charged by platforms of all shapes and sizes. For those unaware, the spread charged by brokers is simply the gap in pricing between the buy and sell price.
For example, if the difference amounts to 0.4%, then this means that you need to make at least 0.4% in gains just to break even. In other words, when you trade online, the spread ensures that you always start the trade at a slight loss. As such, the fact that Libertex allows you to trade in a zero spread environment is good news for your potential trading profits.
One of the main gripes that we have about Libertex is that it is not overly transparent on what commissions it charges. By this, we mean that we had to do some serious digging to find the required information. We don’t like this, as the best online trading sites typically make it crystal clear as to what commissions you will pay.
Nevertheless, here’s the low down:
- The specific commission that you pay will be depending on the asset and market that you are looking to trade
- The most cost-effective market is that of the major forex pair section, which comes with an average spread of just 0.03%
- Higher-risk markets like digital currencies can be as high as 2.5%, which is huge
- But, more liquid pairs such as BTC/USD will typically stay below the 0.5% mark
- If you’re looking to trade stock CFDs, you’ll pay in the region of 0.1%-0.2%.
Although there are now several commission-free CFD brokers serving UK traders, it is important to remember that you will always need to pay a spread. While in the case of Libertex, there are no spreads to pay, but commissions are present. As such, you need to consider both of these trading costs to get a clear picture as to whether or not your choice of platform is competitive.
Other Fees to Consider
While spreads and commissions will have the biggest impact on your trading wallet, there are several other costs to consider before you join Libertex.
- Overnight Finance: Like any trading site available to UK clients, all CFD markets attract overnight finance. Otherwise referred to as ‘swap fees’, this is a fee that you will pay for each day that you keep your position open. This is because CFDs are leveraged financial products and thus – attract interest.
- Inactivity Fee: If you have an account balance of less than $10,000 and you fail to place a trade in a 180 day period, then you will begin to incur inactivity fees. This stands at €10 per month and the fee will be deducted each month until you place a trade or withdraw your balance out.
The good news is that Libertex allows you to deposit funds without paying any fees.
Libertex Platform and Trading Tools
As we briefly covered earlier, Libertex offers two trading platforms – MT4 and its own proprietary web trader.
MetaTrader 4 (MT4)
If you’re an experienced trader then you will be well versed in what MT4 is and the many features and tools that it offers. For those unaware, this is a third-party trading platform that sits between you and Libertex. You’ll have access to plenty of technical indicators and chart drawing tools.
You can fully customize your trading screen and best of all – install an automated forex robot. MT4 can be accessed directly from the Libertex website. But, to get the most out of the platform you should consider downloading the software to your desktop device.
Libertex Web Trader
MT4 can be somewhat overbearing if you are new to the online trading scene. This is because for a beginner – you might find the sheer size and depth of its features and tools intimidating. If this is the case, then we would suggest using the Libertex web trader. This is the online platform designed and maintained by Libertex itself.
There is no requirement to install any software as everything can be accessed via your standard web browser. The Libertex web trading platform offers an all-round smooth and seamless experience that is perfect for those of you with little experience. You can easily find your chosen market by using the filter facility or simply by searching for it.
Like most top-rated CFD brokers active in the space, Libertex offers a fully-fledged mobile stock trading app. The app is available on both Android and iOS devices – subsequently ensuring that you get a top-notch trading experience at your fingertips.
You can access the Libertex app safety via its website. You will then be redirected to the respective Google Play or Apple Store to complete the download. We should also note that you can access your Libertex account on the move via the MT4 app. All you need to do is install the MT4 application and log in with your Libertex credentials.
Libertex Demo Account
One of the best features available at Libertex is that you will have access to a demo account facility whenever you see fit. At one end of the spectrum, this is great if you are completely new to online trading. After all, the demo account – which comes pre-loaded with a paper trading balance of €50,000, allows you to trade in a 100% risk-free environment.
Best of all─ the demo account facility mirrors real-world trading conditions. As such, you can get a feel for how the financial markets work before taking the plunge with a real money deposit.
At the other end of the spectrum, the Libertex demo account is also useful for seasoned traders. This is because you have the chance to test out new trading strategies and systems. In particular, this also allows you to try and a new forex or CFD robot via MT4 without risking any of your trading capital.
Research and Analysis at Libertex
If you’re looking for an online trading platform that offers heaps of in-house research materials, then Libertex won’t be for use. For example, although there is a fundamental news section no the site, articles and insights are published once in a blue moon.
There is also a lack of financial commentary on the site. An economic calendar is offered, but other than that, little else.
In terms of technical analysis, Libertex provides all of the requires tools that you need. This includes a huge number of technical indicators – which are available on the Libertex web trading platform and MT4.
Like most CFD trading sites, Libertex offers leverage facilities on all of its markets. Although you might be attracted to the platform’s offering of 1:600 leverage, this is only available to professional traders. If you are an everyday retail trader based in the UK or Europe, then you are capped by the limits imposed by ESMA.
This means that the most you can get is 1:30 when trading major forex pairs. Minor/exotic forex pairs and gold can be accessed with leverage of 1:20. Stocks come in at 1:5 and cryptocurrencies at 1:2.
Payments at Libertex
When it comes to deposits and withdrawals, you will have access to a full range of supported payment methods.
- Debit cards
- Credit cards
- Giro Pay
- Bank Transfer
- Tele Ingreso
- And more
Take note, there are no fees to deposit funds at Libertex – irrespective of the payment method. Apart from a traditional bank transfer, all of the payment methods listed above are processed instantly. This ensures that you can start trading straight away and without delay.
When it comes to withdrawals at Libertex, processing times depend on the specific payment methods. For example, e-wallets like Skrill and Neteller and the fastest, as Libertex usually processes this in less than 24 hours. As soon as they do, the funds will be credited to your respective e-wallet within a few seconds.
All e-wallet withdrawals are free, too. If opting for a debit/credit card withdrawal, processing times can take anywhere from 1 to 5 days. A small fee of €1 will apply. Bank transfers take 3-5 days to process and come with a fee of 0.5% (min €2, max €10).
Customer Service at Libertex
Libertex offers a variety of support channels. The easiest way to speak with an advisor in real-time via the live chat function. There is also a Whatsapp number and Facebook Messenger link that you can make use of.
If you want to speak with a member of the Libertex team over the telephone, you can call them on +357 22 025 100 (Cyprus number).
If you want to send Libertex as email, you can reach them at [email protected]
The help and support section also offers a reasonably comprehensive FAQ section where you may find the answer to your query without needing to contact Libertex.
Is Libertex Safe?
Firstly, Libertex has been active in the online trading scene since 1997. This means that it has over two decades worth of experience to boast of. Put simply, if the broker was engaged in unsavoury practices then it would still here 23 years later. With that said, the most important aspect in gauging whether or not a platform is safe is to look at their regularly standing.
Libertex is fully licensed with the Cyprus Securities and Exchange Commission (CySEC). This in itself ensures that Libertex must follow a set of stringent regulatory conditions. For example, all new account holders must have their identity verified before a withdrawal can be made.
This ensures that you are able to trade in a safe and secure environment. Additionally, CySEC brokers must keep client funds in separate bank accounts from their own. You will also benefit from an investor protection scheme when using Libertex. As per CySEC – this stands at €20,000 or 90% of the claim amount – whichever is lower.
Libertex Pros and Cons
Launched way back in 1997, Libertex has been in the CFD game for some time now. It offers a reasonably small number of markets at just 213, albeit, the most traded asset classes are supported.
You can instantly deposit funds into the broker fee-free, and you will benefit from zero spreads on all markets. We like that you have the choice of MT4 or the Libertex web trader platform, and you can also access your account via a native mobile app.
All in all, Libertex ticks most boxes in the online CFD trading space. If you’re keen to get started with an account right now, simply click on the link below!
Libertex – Top CFD Broker with Low Fees
Your capital is at risk.
Is Libertex a scam?
No, Libertex is not a scam. The platform has been offering online trading services for over two decades and it holds a license with CySEC.
Does Libertex offer leverage?
Yes, Libertex offers leverage of up to 1:30 to retail traders. The specific amount will vary depending on your chosen asset. If you are a professional trader, you can get leverage of up to 1:600.
What is the Libertex minimum deposit?
At just €10 - Libertex has one of the lowest minimum deposit policies in the online CFD trading scene. This is an inconsequential amount that is perfectly suited to newbies.
Does Libertex support MT4?
Yes, Libertex can be accessed via the hugely popular MT4 platform. You can access this online, through desktop software, or via the MT4 mobile app.
How much does Libertex charge?
Libertex does not charge any spreads. Instead, you will pay a commission every time you trade. This will vary depending on the market but can go as low as 0.03%.