Libertex Experience 2021: Best Broker for CFD and Forex?
Everything worth knowing about the broker Libertex can be found here: The trading platform Libertex is known as a sponsor on the jerseys of Sevilla FC and Tottenham Hotspur. The provider advertises a great trading experience and the chance of high trading profits.
But what is the broker Libertex really good for? Is it a reputable provider? How does it compare to other providers? How high are the trading fees? We have conducted a detailed Libertex test, in this article you will find all information about our Libertex experience.
What is Libertex?
Libertex is a broker through which you can trade leveraged derivatives.
Trading with CFDs on a large selection of assets is possible at Libertex in over six asset classes. Of course, the leverage transactions are also interesting, with which handsome profits can be made.
The company behind Libertex, founded in 1997, is Indication Investments Ltd. with headquarters in Limassol, Cyprus. The CEO is Michael Geiger. Libertex is active worldwide and counts more than two million customers among its client base, and not without reason: the company has already won more than 30 international awards. In addition to the modern MetaTrader 4, Libertex also offers its own trading platform.
The broker is suitable for both private investors and professional traders.
Yes, it's free
> 200 CFDs, stocks, commodities, cryptos, fiat currencies, ETFs, options
no, only commission
Libertex (app, web), MetaTrader 4
24/5 chat, email, phone
1:30 (private), 1: 600 (professional)
Stop / buy orders, short sales, limit orders, market orders
Neapolis, Limassol, Cyprus
up to 50% commission for new customers
Libertex Review: Serious or a scam?
Whether Libertex is reputable is a legitimate question. With online brokers, one should first critically check whether it is a trustworthy platform.
Libertex Test: Advantages and disadvantages at a glance
Libertex is one of the top dogs among online brokers, the company was already founded in 1997. Based in Limassol, Libertex is a regulated online broker (CySEC) that offers users legal deposit protection up to EUR 20,000 (Investor Compensation Fund - ICF).
Other advantages of Libertex are more than 40 crypto CFDs on leading cryptocurrencies, altcoins and DeFi coins as well as the simple and intuitively designed smartphone app for iOS and Android. Professional traders can trade with the MetaTrader 4 trading software, while beginners can try out their trading strategies in the free demo account.
Investors can trade CFDs on shares, foreign exchange, ETFs, indices, cryptocurrencies and commodities with a leverage of up to 1:30 (private investors) or 1:600 (professional investors). All account types offer access to the detailed analyses and reports of the market institute Trading Central.
The first disadvantage of the platform is the small selection of stocks, which is higher with other comparable brokers. There are a total of 5 account types to choose from, most of which are only aimed at beginners. At the same time, however, trading beginners are only offered a very meagre range of training documents and explanatory videos.
The Libertex offer
Libertex offers an extensive range of asset classes - shares, foreign exchange, ETFs, indices, cryptocurrencies, commodities - all of which are contracts for difference (CFDs). A total of 213 tradable assets are currently offered.
At Libertex you can currently trade 126 international stocks from the industrials, financials, technology, materials, consumer goods, consumer services, luxury goods, healthcare, telecommunications, energy and automotive sectors. Shares can be traded with a 1:5 leverage.
The stocks include exclusively corporations and large companies with a market capitalisation of more than 1 billion US dollars, and the focus is on the most heavily traded stocks such as:
US stocks: American Express, Apple, Facebook, Johnson & Johnson, Microsoft, Tesla,...
French shares: Air France-KLM, Airbus, BNP Paribas
Forex trading is also offered at Libertex, with majors, crosses and exotic pairs available. The amount of the fees, the so-called spreads, depend on the liquidity of the currency pairs.
7 Major pairs: USD/CAD, USD/CHF, USD/JPY, GBP/USD, NZD/USD, EUR/USD, AUD/USD
22 Exotic Pairs
Majors can be traded with up to 1:30 leverage (private investors) or 1:500 leverage (professional investors), Exotic Pairs with up to 1:50 leverage (professional investors).
Libertex offers traders a particularly large selection in the area of cryptocurrencies; with 40 crypto pairs, this exceeds the offer of most comparable online brokers. Among them are not only the most important cryptocurrencies and smart contract platforms, but also already DeFi coins such as Ontology. The most popular crypto CFDs are for example:
While private investors are limited to 1:2 leverage, professional investors can trade with 1:20 leverage.
Commodity CFDs at Libertex include all known metals such as:
While private investors can trade with 1:30 leverage, professional investors can even trade with 1:100 leverage. The minimum trading amount is EUR 2,500.
Indices aggregate the most important shares of a particular stock exchange or sector to give a better and weighted overview of their price performance. At Libertex, 20 leading stock indices are offered for trading.
American indices: NASDAQ 100, S&P 500, U.S. Dollar Index Future, Dow Jones, RUSSELL 2000, MEX BOLSA.
Asian indices: China A50, Hang Seng Index, Nikkei 225
European Indices: AEX, Russia50, EURO STOXX 50, CAC 40, DAX, FTSE 100, Italy 40, Spain 35
The indices can be traded with a 1:20-1:30 leverage (private investors) and 1:50-1:100 leverage (professional investors), the minimum trade size is 2,500 EUR.
Unfortunately, Libertex does not offer commodity trading in agriculture or food CFDs, but crude oil and natural gas CFDs are offered for trading. Specifically, these are Henry Hub Natural Gas, WTI Crude Oil, Brent Crude Oil, Light Sweet Crude Oil and Heating Oil.
The maximum leverage is 1:10, the minimum trade size is 2,500 EUR.
ETFs are exchange-traded funds that are not managed by a fund manager. Libertex has only recently added this asset class to its trading range, and currently offers 10 ETFs from the well-known providers iShares, Vanguard and SPDR. Specifically, these are:
iShares Latin America 40 ETF
iShares MSCI Mexico ETF
Vanguard FTSE Europe ETF
iShares MSCI United Kingdom ETF
iShares MSCI Brazil ETF
SPDR S&P 500 ETF Trust
iShares Core S&P Mid-Cap ETF
iShares Core U.S. Aggregate Bond ETF
Buying real Bitcoin possible at Libertex?
Further advantages are:
Leverage of 1:2 is possible with cryptos
Same trading platform as for trading with other CFDs
No e-wallet necessary
ESMA has limited the leverage for private investors to 1:2 in order to limit the high risk of loss. Professional traders can use a higher leverage.
Libertex registration and trading in 3 steps
Step 1: Open an account with Libertex
The first step is to change the language of the website. To do this, click on "English" in the navigation bar at the top right and then select the option.
Now click on the orange "Login" button in the horizontal navigation bar at the top of the screen. The trading platform opens in a new browser window.
Click again on the "Log in" button at the top right of the screen and then on the "Register" button.
Step 2: Deposit to trading account
You will now receive confirmation that your account has been successfully opened. The next step is to make a deposit into your Libertex trading account.
Click on the "Make a deposit" link to start the deposit process. The deposit menu will appear and you can choose from debit or credit card, instant bank transfer, bank transfer and many other e-wallets.
We recommend the credit card for an instant transfer without deposit fees. You can already start with a minimum deposit of €100. With a deposit of 500 EUR you will receive a 15 EUR welcome bonus.
Simply enter the desired payment amount and the card details and make the transfer by clicking on "Deposit".
Step 3: Start trading
After the amount has been credited to your trading account, it is time to open your first trading position. The trading platform is in front of you in the browser, click on the search bar at the top of the screen and enter your desired asset, we'll take Bitcoin as an example here.
Simply enter "Bitcoin" and click on the blue "Open Trade" button when the asset appears.
The current price chart appears on the left and the buy menu on the right. Select the desired trade amount and - if desired - the leverage ("multiplier"). Click on the "Buy" button to open your trade.
In the portfolio menu you can view all your open trading positions at any time and also close or sell them if you wish.
Libertex leverage - what you should know about it
What does leverage mean and how does it actually work? Here is an explanation of the leverage effect and the multiplier.
Leverage for private investors
Leverage for professional traders
The multiplier allows you to trade amounts that are greater than the account balance. The multiplier and investment amount affect the result and also influence the opening fees and overnight rollover swaps.
If you go long in EUR/USD and invest 100 euros with a multiplier of 1, you will get 10 euros more if the price increases by 10%. With a multiplier of 10, the investment amount would increase to 1,000 euros (10 x 100). If the price then also increases by 10%, the profit amounts to 100 euros instead of only their 10 euros.
However, the multiplier can not only increase profits, but also losses. Thus, the higher the multiplier, the greater the financial risk.
At Libertex, there are categorisation statuses for private and professional traders, both of which entail different leverage.
When opening a position, the margin criteria are based on leverage. The leverage therefore determines the trading amount. As an investor, one should therefore be aware of what leverage the corresponding asset class entails. With a high leverage effect, a position can be opened with a smaller margin. Here is an example of this:
Even with an account balance of only 20 euros, this amount can be invested in the EUR/USD currency pair. Major currencies such as the euro or US dollar allow a leverage of 1:30, and the margin requirement is 3.33%. The following formula is to be used to determine the maximum trading amount including multiplier:
Maximum Multiplier Adjusted Amount = Free Margin * Max. Leverage of the corresponding asset class. For an account balance of 20 Euros, the Maximum Multiplier Adjusted Amount = Free Margin * Max. Leverage for the asset class = 600 (20*30). Anyone opening this position can use a margin of 20 euros.
Professional users are allowed to trade without leverage. When opening a trade, the trader invests his own money, which is reserved in the account. No margin is withdrawn in the process.
If the professional trader now wants to invest the 20 Euros in EUR / USD that are in the account, the maximum trading amount including multiplier can be calculated as follows:
Maximum Multiplier-Adjusted Amount = Free Funds (not invested in other positions) * Max. Multiplier. In this example, this is 10'000 Euros (20 * 500). If the trader opens such a position, the 20 Euros are reserved in his account. Professional traders can therefore open much larger positions with the same amount.
Whether professional or private client, both can lose more than the investment amount. With an investment amount of 50 euros and a multiplier of 30, the total position has a value of 1,500 euros (30 * 50). In this case, the loss is limited to the original investment amount of 50 euros. If the loss exceeds this 50 euros, the position is closed via the stop-out.
ESMA regulations determine the maximum leverage for private and professional traders. Professionals can use a maximum leverage of 1:600. For private traders, the maximum leverage is set as follows:
Great currency pairs
Max leverage 1:30
Max. Lever 1:20
Max. Lever 1:20
Max. Lever 1:20
Other raw materials
Max. Leverage 1:10
Max. Leverage 1: 5
Max. Leverage 1: 2
As a Libertex client, you can choose between using the proprietary Libertex platform and the world's leading trading software MetaTrader 4. While beginners are well advised to use the Libertex platform, professional traders, on the other hand, will opt for the MT4 platform.
The Libertex trading platform is designed to be simple and intuitive. On the left-hand side of the horizontal navigation bar is a drop-down list that allows you to switch between asset classes.
Libertex trading platformThe individual trading instruments are then displayed on the left hand side. Trading instruments can be added to a list of favourites.
The price chart of the selected instrument is displayed in the middle of the screen. 9 time intervals (1 minute - 1 month) can be set, 6 different chart types (bars, candles, hollow candles, lines, areas, Heiken-Ashi) are available.
Unfortunately, no drawing tools or indicators can be used, which makes technical analysis difficult.
The MetaTrader 4 trading software was originally launched back in 2005 by the software company Metaquotes, but has since maintained its position as the leading trading platform for professional traders.
MetaTraderThe software is also particularly popular for the MetaTrader Market, from which hundreds of extensions such as automated trading robots, advanced analysis tools and other plugins can be downloaded as free or paid extensions.
MetaTrader 4 offers all the functions a professional trader needs for technical analysis. Charting tools can be used to draw bars, lines and graphs in charts, more than 50 indicators can also be used in the chart. Trading signals can also be used, replicating the trades of other traders.
Mobile trading is becoming increasingly popular as it allows investors to trade and monitor their trading positions directly from their smartphone. The Libertex platform can be accessed via dedicated mobile apps for iOS and Android devices. These can be easily downloaded from the Apple App Store or Google Play Store.
Libertex appAlternatively, users can install the app directly from the Libertex website. Both the Android and iOS apps are updated regularly for security reasons and to improve usability.
Coloured in black and orange, the Libertex app is easy and intuitive to use. The top horizontal navigation menu can be used to switch between the individual markets, and the trading instruments are listed vertically. A horizontal navigation bar at the bottom of the screen lets you switch between markets, trading positions, inbox, asset overview and settings. The price charts can be visualised with different chart types and time windows. In addition, the market reports from Trading Central are also accessible in the app.
The Libertex mobile app is extremely popular with users. In the Apple App Store, Libertex has an overall rating of 4.8 out of 5 stars, in the Android Store an overall rating of 4.1 out of 5 stars (after 65,554 reviews).
The five-level model at Libertex
Discount on trade commission
Gold: total deposit of 250 euros
Premium customer service
VIP Plus: total deposits of 50,000 euros
Premium customer service
Libertex Signals Experience
Buying Libertex Bitcoin is especially easy with trading signals. These offer useful help with trading recommendations, which are created by specialists at Trading Central for Libertex customers. Thanks to Libertex signals, traders save time and do not have to spend hours researching and analysing charts.
The trading signals offer the following:
Exact points of purchase or sale of specific assets.
New trading signals on different market values every two hours
Precise stop-loss and take-profit levels
Suggested trades can be copied with one click
Confirmation of own trading ideas
Trading Central is a member certificate holder of the international research associations Investorside Research, Asia IRP and EuroIRP. Trading Central is also registered as an investment advisor with the US Securities and Exchange Commission (SEC) and can draw on 20 years of experience in the financial market. Trading Central's forecasts have an accuracy rate of 70%.
Libertex payment methods: an overview
The online broker supports a variety of deposit methods, whereby no deposit fees are charged. As a deposit method, users can choose credit card, debit card, bank transfer, the payment service Sofort or numerous popular e-wallets.
Sofort bank transfer
E-wallets (Trustly, Rapid Transfer, Skrill, Neteller, Jeton, Paysafecard)
Libertex fees and costs
The online broker Libertex offers a clear and transparent fee structure, whereby the provider, unlike most of its competitors, does without spreads. Libertex finances itself exclusively through a commission, i.e. a percentage surcharge that is payable with every executed order.
Neither deposit nor withdrawal fees or inactivity fees are charged. For leveraged trades that remain open overnight, reasonable swap fees are charged.
0, - EUR
0, - EUR
Currencies: 0.0005 - 0.1%
Forex: 0.008 - 0.040%
0, - EUR
Experience with deposits and withdrawals at Libertex
Users can deposit money at Libertex in various ways, for example via eWallets or via credit card. In most cases, trading can begin immediately after the deposit.
In the case of SEPA transfers, the money must of course arrive first and it can take three to five days until the amount lands in the account. With eight of the nine payment methods, such as Sofort, Skrill, Neteller or Giropay, the money is credited immediately or within a few minutes. Payments via Paypal are not possible.
The Libertex payout experience also depends on the payout method. Available are:
Debit and credit card
When it comes to Libertex payout duration, the platform is impressive; a Libertex payout is usually processed quickly. Credits to credit card can take one to five business days and a fee of one euro is charged.
For bank transfers, the fee is 0.5% (2 euros minimum and 10 euros maximum). For a bank withdrawal, the processing time is three to five business days.
If you have paid with Skrill, the money will also be credited to Skrill. A credit to Skrill is possible free of charge and takes place within 24 hours. With Neteller deposits, on the other hand, the money is paid out to Neteller and is also done within 24 hours. Unlike Skrill, however, Neteller charges a 1% fee.
Libertex Customer Service and Contact
Especially for beginners, there can be many questions at the beginning of their trading career, which is why Libertex provides its customers with some training materials and a detailed FAQ section with information on the topics of deposit, account verification, trading conditions and trading platforms.
If any questions remain unanswered, users can contact Libertex customer service directly. There are three ways to do this - even though Libertex tries to get its users to fill out the help form, support can be reached directly via email or telephone hotline (Cypriot number).
In online trading, you want your deposits and data to be in the best of hands - Libertex follows the strict security rules and requirements imposed by EU directives such as the DSGVO, KYC and AML directives or MiFID II.
At Libertex, client deposits are held in separate accounts, separate from the company's operating funds. This ensures that client deposits are kept safe. As a CySEC-regulated broker, Libertex is a member of the Investor Compensation Fund (ICF), which provides legal deposit protection up to EUR 20,000.
Libertex TestFor its website, the provider implements high security standards - all transactions are secured with modern 128-bit SSL encryption, so that customer and payment data cannot be intercepted by attackers or hackers.
Compliance with all security and legal regulations is checked and proven annually by an audit of the Cypriot financial supervisory authority CySEC (Cyprus Securities and Exchange Commission). Libertex Ltd is a brand of Indication Investments Ltd, a Cyprus financial investment company licensed with CID licence number 164/12.
Libertex is a reputable provider, which is also reflected in the high ratings of the online broker. On the independent rating portal Trustpilot, Libertex can boast an impressive score of 4 out of 5 stars after more than 100 reviews have been submitted.
Regulation, deposit protection, taxes and margin requirements at Libertex
There are four issues of importance when logging into Libertex:
Libertex is regulated by the Cyprus Securities and Exchange Commission (CySEC). This requires a separation between company capital and client funds so that investors' deposits can be secured.
In addition, Libertex has the status of a Cyprus Investment Company in the Cyprus Investor Compensation Fund, the ICF, which protects client funds in the event of bankruptcy up to 20,000 per investor.
Anyone who trades CFDs must deposit a security deposit (margin) because the effects of leverage can cause losses that exceed the stake. Most of the time, the broker closes the positions if the trader ignores the broker's demands to deposit additional money.
Therefore, there is also no Libertex margin call. If the collateral on the account is not sufficient to cover losses on open positions, the user does not have to put in additional money. Traders can therefore not lose more than the deposited money despite high leverage.
The so-called final withholding tax applies to trading. However, this broker does not automatically deduct taxes because the head office is located outside. Thus, there are no Libertex taxes on the capital gain that would be automatically deducted.
It is the trader's responsibility to obtain the tax certificate and to settle the taxes correctly. The necessary documents can be easily created via the Libertex MetaTrader.
CySEC requires the separate storage of client and company money to provide protection against insolvency. Creditors can therefore not access money deposited by users.
Unlike, however, the statutory deposit insurance in Cyprus is limited to 20,000 euros per customer.
Continuing education offers at Libertex
The further education offer in the trading area is also attractive. Libertex offers webinars with advanced lessons, continuing education and various training courses. Blog posts on topics such as cryptos and forex trading are also published on the website.
Webinars are divided into eight lessons for which the user can enrol. Topics such as fundamental and chart analysis are covered.
Customer reviews of Libertex on the internet
Libertex experiences are excellent.
With 1,376 reviews on Trustpilot, the Libertex rating is excellent with an average of only 4.5 out of 5 stars. Only 5% of users find the platform unsatisfactory. 71% have given Libertex the highest rating.
Here are a few reviews:
Lutz Eickler wrote the following Libertex Review on 16.02.2021:
"Ideal for beginners and advanced learners. Very clear and understandable even for beginners."
Marc Zimmermann, who also left a review on 14.02.2021, also raves about Libertex:
"Super. The platform is already clear. You are warned in time in case of losses and the signals are also helpful."
Toni Enez Merkler, on the other hand, does not have a good word to say about Libertex. He wrote on 14.02.21:
"Find your support very bad and I will also leave a bad review as I don't get any answer from you on the topic of multipliers!"
Libertex has already won more than 30 international awards and the trade press rates Libertex quite positively.
Positive reviews are mainly:
The special fee model
The customer support
The training offers
The trading platform
The demo account at Libertex and how to reset it
As with online brokers, Libertex also has a free, unrestricted demo account with which Libertex users can get to know the trading platform better step by step and completely without financial risk.
The entire range of functions of the platform can be used.
So there is a Libertex demo account with play money of 50,000 euros. Those who are not yet familiar with CFD trading or who generally want to get to know the functions of Libertex, such as price trends, real-time charts and, of course, opening trading positions, are well served by the demo version. All you need to use this demo account is an e-mail address and a password.
Of course, not only newcomers can benefit from it, but also professionals. In our Libertex test, we were able to easily switch to a real account. All it takes is a click on "Live Account" in the drop-down menu. Switching to the demo version is just as easy.
Reset demo account
Unlike competing providers, where the virtual credit cannot be topped up, Libertex offers the possibility to reset the demo account. This has the advantage that the demo version is simply restarted, including the play money of 50,000 euros. You simply start over again. However, all trades are then no longer available in the new demo version.
The user can reset the demo account as often as he wants. This way, they can try out different strategies or continue practising when the 50,000 euros are used up.
Delete or terminate Libertex account
If you wish to delete or terminate your Libertex account, you can only do so when there are no more open positions on the account. Credit balances must be paid out first. Only when everything has been done can the user fill out the application form on the website for deleting the account and send it to [email protected]
Conclusion of our Libertex experience
Libertex is a regulated online broker that, with 23 years on the market, is one of the most established providers in the industry. The CFD broker offers investors CFD trading in stocks, forex, ETFs, indices, cryptocurrencies and commodities.
As a reputable provider with an official CySEC licence, the broker adheres to EU directives such as the DSGVO, AML/KYC requirements and protects the investor's privacy. Modern data encryption and a statutory deposit guarantee of up to EUR 20,000 are provided.
Thanks to a simple trading platform and MT4 support, the broker is suitable for beginners and experienced traders alike. Somewhat disappointing is the low number of shares and the somewhat higher fees compared to the rest of the industry.
Those who want to start CFD trading at Libertex can either start with a minimum deposit of 250 EUR or test the free demo account first:
Libertex is an online broker based in Limassol (Cyprus) and regulated by CySEC. The broker offers CFD trading in stocks, forex, ETFs, indices, cryptocurrencies and commodities.
CFD trading is speculative and risky, investors can lose part or all of their investment. Profits are not guaranteed. Therefore, it is recommended to start with a small deposit of 250 EUR. Investors should not invest more than they can afford to lose.
Libertex is a reputable provider and regulated broker (CySEC) that has been on the market since 1997. The online broker has over 2 million customers in 110 countries and is an official sponsor of Tottenham Hotspur & Valencia CF.
A withdrawal at Libertex can take between 1-2 business days depending on the withdrawal method, with withdrawal requests also taking 1-2 business days to process. For legal reasons, only the payment method used for the deposit can be used for the withdrawal.