This Libertex review reveals the whole truth about the trading platform and application, taking into account all the pros and cons.
Most likely, many residents of the CIS, Latin America and Europe, who wanted to try Forex and CFD trading, know about Libertex. It is a veteran of the online investment and trading market. The brand was founded back in 1997, and now it is a group of companies. For the Libertex review, 2 main companies are most interesting:
Libertex International Company Limited provides services in Latin America, almost all EEU and CIS countries and China. The company is based in Saint Vincent and the Grenadines and has a membership in the Financial Commission.
Indication Investments Ltd provides services in the European Union. The company is based in Cyprus and is regulated by CySEC.
The broker has made a great contribution to the development of trading platforms and the forex industry, it is the owner of many awards.
Libertex has many advantages and disadvantages, which will be discussed in this review. At the moment company group operates in more than 160 countries around the world.
Libertex trading conditions
| Official site | https://libertex.org – Latin America, almost all EEU and CIS countries and China https://libertex.com – Europe |
| Year of foundation | 1997 |
| Regulated by | CySEC, FSC, the National Bank of the Republic of Belarus, Financial Commission |
| Trading instruments | 280+ assets Forex, CFDs on shares, indices, oil and gas, metals, agricultural products, cryptocurrencies, ETFs |
| Spreads and commissions | Below average/ average floating spreads 0 pips and fee from 0.001% -0.02% for Forex From 0.1 pips no fees |
| Most popular | Libertex in Cyprus, Uruguay, Austria, Ecuador, Panama, Peru, Switzerland, Spain, Slovenia, Germany, Lithuania, Costa Rica, Latvia, Portugal, Netherlands, Dominican Republic, Paraguay, Czech Republic, Argentina, Italy, Guatemala, France, Sweden, Norway , Ireland, Chile, Mexico, Colombia, Kazakhstan, Ukraine, Indonesia |
| Provision of services in the US, UK, Canada, European Economic Area | The European Economic Area and UK The US and Canada. |
| Min. trade size | 0.01 |
| Leverage | Up to 1:500 |
| Account types | Libertex, MT4 Instant, MT4 Market, MT5 Instant, MT5 Market, Rumus |
| Minimum deposit | $ 10 *€ 100 for the European entity |
| Minimum withdrawal | $ 1 |
| Deposit & withdrawal methods | 10+ methods |
| Payment Fees | There are fees for deposit and withdrawal of funds |
| Trading hours | 24/7 |
| Trading platforms | MT4, MT5, Libertex, Rumus |
| Mobile App | |
| Demo | |
| Copy Trading | |
| AT/Robots | |
| Bonus | 100% Welcome Bonus From 9% to 12% per annum on the account *Bonuses are not available for a European entity |
| Affiliate program | https://partners.libertex.com |
Reviews of traders
Needless to say, you can find numerous real reviews from traders about Libertex for such a long period of time. Our team had to re-read a huge number of feedbacks and comments about the broker to draw up the overall picture through the eyes of traders.
Clients generally speak very positively about the broker, there is much less negative about him.
Positive real reviews about Libertex mark its high reliability and status as one of the leaders among Forex brokers, fast and stable withdrawal of funds, the convenience of the Libertex platform, good spreads and a large selection of trading instruments, as well as high-quality training and analytics.
Of course, there are negative real reviews about broker. The most common type of such feedback is when an inexperienced trader lost his deposit while trading and blames the broker for it. Although, in most cases, traders themselves are to blame.
There are also comments that company does not withdraw funds or a very long verification process takes place. However, after some time, the authors added that the withdrawal of funds was eventually made and the problem was solved, but the broker made them nervous.
Among the negative reviews, there are real disadvantages that are worth noting. This is a periodic freeze of the server and platform (and as a result, loss of deposit / profit), forced closing of positions once a week for some assets (for example, cryptocurrencies), intrusive managers, commissions for deposit and withdrawal of funds.
In general, the review from traders shows that Libertex offers good trading conditions and high reliability. It gives you the opportunity to trade CFDs. For this, the broker offers several trading platforms.
Libertex trading platform
After registration, you get into your personal account and the branded platform Libertex immediately appears in front of you.
Most of the broker’s clients prefer trading on the Libertex platform. They highlight its convenience and intuitive interface, as well as ample opportunities for technical and fundamental analysis. An account for this platform opens automatically. Its main difference is the absence of a spread, but there is a fee for the transaction. About 280+ CFDs are available for trading on stocks, forex, indices, oil and gas, metals, agricultural products, cryptocurrencies, ETFs
Commissions for most trading instruments can be called low to medium when compared to other CFD brokers. Libertex is suitable for scalping and intraday as well as long-term trading. For example, for many forex instruments (currency pairs) fees are 0.001%-0.02%.
The swap can be very large with a low commission. Therefore, choosing the right asset is extremely important on this platform and account.
Another feature of the Libertex account and platform is the absence of leverage and the presence of a multiplier. Each asset has its own maximum multiplier, which ranges from 10 to 999.
Libertex platform provides a user-friendly chart with a wide selection of timeframes and trading indicators. In addition, it displays news and signals from leading financial analytical portals. This provides a good opportunity for asset analysis without additional tabs.
MT4 and MT5 platforms
You can trade on the most famous trading platforms MT4 and MT5 with broker Libertex. The Metatrader 4 terminal is more familiar to professionals, but even beginners can easily master all its functionality. The MetaTrader 5 platform has more capabilities than MT4, for example, it has more trading indicators, orders, etc.
Libertex broker offers Market and Instant accounts for MT4 and MT5 platforms. The main difference between them is already indicated in the name, it is market and immediate execution of orders. In addition, the accounts differ in spreads and commissions.
| Market | Instant | |
|---|---|---|
| Leverage | Up to 1:500 | Up to 1:500 |
| Spread | From 0 pips | From 0.6 points |
| Fee | from $ 0.04/0.01 lot | |
| Margin Call | 100% | 100% |
| Stop Out | 20% и 50% | 20% и 50% |
You can trade on Libertex MT4 and MT5 platforms in different ways. You can run them in a browser, as well as download an app for a PC or mobile phone (Android, iOS).
Rumus trading platform and account
In addition to the Libertex platform, another proprietary trading platform Rumus is available for clients from the CIS countries. You first need to open a trading account with the appropriate name to trade on this platform. Trading on Rumus is an alternative to the usual trading conditions and MT4 / MT5 terminals.
The platform offers modern integrated solutions for technical analysis and transactions. On it you can create your own indicators.
Rumus account features:
- Banking procedure for concluding transactions and lack of requotes;
- Powerful system of linked pending orders
- Decrease in volume / change in direction of a position without fixing profit and loss and additional margin requirements.
The disadvantages of the Rumus platform are its rather complex interface and limited selection of assets. It is only suitable for forex trading.
There is no commission on this account, but there are spreads from 0.6 pips. Margin Call / Stop Out levels are 100% / 20%.
Deposit, withdrawal of funds and fees
The minimum deposit with Libertex broker is only $ 10*, and the minimum withdrawal of funds starts from $ 1. There are about 10 payment methods available for deposit and withdrawal of funds.
*Minimum deposit is € 100 for the European entity
Does Libertex make withdrawals? Yes, the broker withdraws money. But you must be prepared that the first verification can be very long. You will have to provide a photo with a passport, a card, and confirmation of registration.
Libertex International Company Limited: There are about 10 payment methods available for deposit and withdrawal of funds. Some payment options are not available in certain countries.
- Credit card: Visa/Mastercard
- Skrill
- Neteller
- Bitcoin
- Tether Ethereum (ERC-20)
- WebMoney
- Vload Voucher
- Bankwire transfer
A significant drawback of the broker is the high fees for depositing and withdrawing funds.
The deposit commission is compensated by bonus funds.
The withdrawal fee is quite high and is not compensated in any way.
Indication Investments Ltd. (Libertex Europe): There are about 14 payment methods available for deposit and withdrawal of funds. Some payment options are not available in certain countries.
The main payment options are:
- Credit / Debit Card
- Skrill
- Paypal
- Bank transfer
- Neteller
But there are withdrawal fees.
Bonus account and bonuses
Each Libertex client has a bonus account* – this is a single savings account, which is displayed in the client’s personal account. The bonus account is not a trading account and it cannot be used for trading and investments.
Funds from the bonus account can be transferred to other trading accounts instantly and without commission. When trading real funds are spent first, then bonus ones.
Bonuses can be obtained for winning promotions / contests and for participating in various bonus programs.
Welcome bonus and loyalty program
New clients of Libertex International Ltd. can get a 100% Welcome Bonus on their first deposit of $ 100 or more. Welcome bonus is credited automatically and converted into real money from the very first deal. More information about it and the conversion speed can be found on the official website in the “Bonuses” section.
*For Libertex International clients only
The broker compensates commissions of payment systems with bonus funds in 100%.
Libertex recently made a loyalty program with statuses. There are 5 loyalty statuses in total: Silver, Gold, Platinum, Diamond, Exclusive. The status can be obtained for a certain deposit or trading volume. Individual trading conditions are available with a deposit of $ 50,000+ or trading volume $100 000 000+.
The broker regularly holds new promotions and contests, for winning in which you can get a big bonus.
Education and research
Libertex Group provides good education for beginners and experienced traders. Training takes place in the form of video courses. First, you will be introduced to general trading concepts. Then you will learn how to use fundamental and chart analysis. After that, traders can watch video courses that contain a variety of trading strategies.
Broker provides some of its own analytics. Libertex mainly provide market research from Trading Central and Investing.com. Users of the Libertex platform get quick access to news, signals and analytics.
You can practice using analysis and strategies on a demo account.
Pros and cons
Pros
Libertex Group is a reliable brand since 1997. Indication Investments Ltd. (Europe entity) is regulated by CySEC.Small amount of the minimum deposit ($ 10) and withdrawal ($ 1). Minimum deposit is € 100 for the European entity
Good selection of forex and CFD assets with relatively low to medium spreads
The broker has a good reputation with traders and the forex community. Most of the reviews from Libertex traders and clients are positive.
Free and unlimited demo account
Bonuses can be executed and withdrawn, the presence of tournaments and promotions*
Good introductory education
Convenient trading platforms and apps for PC / mobile (Libertex, MT4, MT5)
Cons
Libertex International Company Limited currently has no reliable regulationThere are commissions for deposits and withdrawals
Periodic platform freeze and loss of connection with the server.
Obsessive managers
*Bonuses are not available for European customers due to regulator restrictions.
Conclusion of the review on Libertex
The review shows that Libertex Group is well suited for Forex and CFD trading. A broker with a long history and good trading conditions has earned the trust of traders. More reliable among the group of companies is Indication Investments Ltd. which is regulated by CySEC and accepts traders from Europe. But in most countries, services are provided by Libertex International Company Limited
The broker has made a huge contribution to the development of trading platforms and online trading. Thanks to video courses, Libertex allows beginners to understand Forex and CFD trading and how they can make money on it. Another nice thing is executable bonuses, which can then be withdrawn as real funds.
And now about the negative side of the broker. Libertex International Company Limited has no reliable regulation, but only membership in the Financial Commission.
The broker’s terminal may occasionally freeze and the connection with the server may be lost. As a result, without placing stop orders, you can lose your funds, or miss out on profits. And some traders will find the number of trading assets insufficient (280+).
However, most traders in their reviews note the high quality of Libertex (Forex Club) broker services. Some of them have been trading with a broker for many years and have not had any problems.
Accepted countries
There are 2 main companies in Libertex Group. They operate in more than 160 countries around the world.
Libertex International Company Limited accepts traders from Ecuador, Colombia, Uruguay, Armenia, Chile, Dominican Republic, Peru, Costa Rica, Uzbekistan, Panama, Kazakhstan, Ukraine, Paraguay, Argentina, Mexico, Belarus, Venezuela, Bolivia, South Africa, Indonesia, Vietnam, China, as well as from other Latin American countries, almost all EEU and the CIS countries.
Indication Investments Ltd (Europe entity) accepts traders from Cyprus, Austria, Spain, Germany, Portugal, Switzerland, Latvia, Netherlands, Czech Republic, France, Italy, Lithuania, Croatia, Hungary, Finland, Sweden, Slovakia, UK, Poland, Norway, Denmark and other countries of the European Union.
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