Overview/ background
Libertex is owned and operated by Indication Investments Limited of Cyprus. This Cypriot investment enterprise is fully licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC), with the following license #164/12. Over the years, Libertex has racked up many awards, including the following:
- World Finance Award at the Forex Expo Awards in 2012
- The Best Cryptocurrencies Broker in 2017 – Forex Awards
- The Best Mobile App in 2016 and 2017
Finance Magnates had this to say about Libertex, ‘Libertex is one of the best web and mobile platforms for effective trading with different financial assets: stocks, currencies, indices, and commodities such as gold, oil and gas.’
The company’s trading assets cover the full spectrum of WTI and Brent crude oil, natural gas, agricultural produce, indices, currencies, metals, cryptocurrencies, and shares. Further, a comprehensive educational section is available to traders, courtesy of in-depth video lessons on multiple topics such as how to trade, multipliers, take profit orders, open trades, stop loss orders, and more. In total, there are some 30+ lessons available to new traders, intermediate-level traders, and expert-level traders.
The user-friendly trading platform is designed to help traders make more intelligent decisions. Enhanced security protocols and multi-platform functionality allow clients to trade across all devices, at any time.
Account Types
The account registration page requires new traders to simply enter their email, password and agree to the processing of personal data. Once you have registered an account, you can start learning the intricacies of trading. The option to trade Forex pairs on a demo trading account is also available, and the same account registration process is required. With demo trading, it is possible to trade Forex under real-market conditions at zero risk. An easy to use platform offers instant access to a wide range of tradable assets. The best way to learn about the account types available at Libertex is to watch the lessons provided by this broker. It is possible to open accounts on PC, Mac, smartphones and tablets.
Trading Platform/ software
The Libertex trading platform is 100% web-based. No software needs to be downloaded and installed to get up and running. You can access the financial markets at the click of a few buttons, direct from your browser – irrespective of the device that you’re using. The user-friendly interface and system groups all the assets together.
The trading platform lists popular instruments, top rising instruments, top falling instruments, currencies, cryptocurrencies, indexes, oil and gas, metals, shares, and agriculture. Within each of these broad categories, you can simply click any of the options you are interested in trading, see the price and changes, view the graphics, and place your trades accordingly.
The powerful trading platform offers line graphs, area graphs, candlestick graphs, bars and Heiken Ashi options as well. You simply make your selections to see the information presented to you in an easy-to-understand format. Traders can also toggle the time frames anywhere from a minute to a month.
Additionally, there are options to receive up-to-the-minute newsfeeds, and market analysis, forecasts and more. Whether you are a novice trader, an intermediate trader, or an experienced trading professional, you can easily enjoy real-time trading on the go, or at home with the trading software.
Deposit options
Libertex offers a limited number of deposit options including credit cards and bank wires. Other options are available such as WebMoney, Yandex, QIWI and e-wallets. However, the deposit options you choose are dependent upon the country or jurisdiction where you are trading from. Special attention must be paid to inactive accounts – Libertex charges a 2% surcharge on any funds which are withdrawn from an inactive account. This FX brokerage defines inactive as no trading activity for 180 days. However, if your account is inactive, and it has a balance of $10,000 +, you will not be subject to any inactivity fees when making withdrawals etc.
Markets
This Forex brokerage offers a wealth of financial trading instruments. These include Currency Pairs, Cryptocurrencies, Indices, Oil and Gas, Metals, Shares, and Agriculture.
Currencies: GBP/CAD, EUR/CAD, GBP/SEK, EUR/SEK, GBP/AUD, GBP/USD, EUR/USD, GBP/NZD
Cryptocurrencies: Litecoin, Bitcoin Cash, Bitcoin, Litecoin/Bitcoin, Bitcoin Cash/Bitcoin, Bitcoin Gold.
Indices: Russia 50 Index, Russell 2000, NASDAQ 100, Chile Index, Dow Jones, S&P 500, Nikkei 225, China A 50
Oil and Gas: Light Sweet Crude Oil, WTI Crude Oil, Brent Crude Oil, Heating Oil, Henry Hub Natural Gas
Agriculture: Cocoa, Sugar, Corn, Coffee, Soybean, and Wheat
Metals: Gold, Copper, Platinum, Palladium, and Silver
Shares: Twitter Inc., Amazon, Adobe, Intel Corporation, Sberbank of Russia, Lukoil, Michael Kors, and many other shares.
Bonuses
At the time of writing, Libertex did not provide any bonuses or promotional offers. This internationally reputable Forex brokerage service may offer such promotions in the future. It is worth contacting customer support for details of the latest offers.
Customer Support
Customer support is available in multiple languages including English, Dutch, Danish, Czech, Italian, German, Portuguese, Russian, Swedish, Polish, Turkish, and Romanian. Based on our analysis, only live chat functionality is available. Unfortunately, Libertex does not provide many useful links or resources about contacting customer support. The majority of Forex brokers currently in operation today offer easy access to telephone support, email addresses, fax numbers, and land-based addresses.
In deference to the company, they provide many educational tools and resources that actually limit the amount of customer support options needed on site. For example, there are some 30+ educational videos known as lessons available under the education tab. Additional support is available through Twitter and Facebook. If you’re looking for information on the company, you can contact Indication Investments Limited at the following address:
- Email: support@libertex.com
- Phone: +357 22 025 100
Safety
Safety and security is always a big deal with Forex brokers. Fortunately, this company is fully regulated by the Cyprus Securities and Exchange Commission with the following license #164/12. The company registration number is HE290930. As with all CySEC regulated brokerages, traders have access to the Investor Compensation Fund, segregated accounts with reputable international banks, and full recourse in the event of mismanagement of funds, or an improperly functioning trading platform.
Ease of Use
Libertex is relatively easy to use, since it is easy to find details of all financial instruments listed on site. The demo trading account and the real money trading account both operate under real market conditions, with authentic trading conditions throughout. The trading platform can only be accessed direct off your browser – no download required.
Final Thoughts
Except for limited customer support functionality, scant information provided on bonuses, promotions, and account types. However, this Forex broker demystifies the complex arena of Forex trading. There are dozens of currency pairs to trade, and hundreds of financial instruments available. The company has a total of 30+ awards to its credit, further solidifying its position as a dominant force in the Forex trading arena.
