Libertex is the trademark of Indication Investments Ltd, a Cypriot investment firm that has earned an excellent reputation in the financial markets since 1997 under the name Forex Club. The company is based in Limassol, Cyprus and is regulated and controlled by the Cypriot Financial Supervisory Authority CySEC under license number 164/12.
Libertex Financial Instruments and Trading Environment
Libertex is a Forex and CFD broker offering a full range of assets for trading with no spreads at all. In addition to a reasonable selection of currency pairs, these include equities, indices, energies (oil & gas), metals, agricultural commodities and crypto currencies. In crypto currencies, Libertex is one of the first providers of crypto currency pairs that are becoming increasingly important for many traders.
Libertex - Tools and Educational Material
On its website, Libertex offers a comprehensive course supported by videos, which is a great help especially for newcomers to trading. It covers not only topics related to opening trades, but also important aspects such as trading strategies, money management and dealing with emotions that can play a crucial role in trading. Support at Libertex can be reached by telephone via a Cypriot telephone number or via the live chat directly via the platform. The support staffs are friendly and competent.
Libertex Trading Platforms
Libertex uses its proprietary trading platform, which meets all requirements for sophisticated and successful trading. The platform is available as a web version and can therefore be used with any current browser, and is also offered as app for Android devices and for iOS on Apple devices. Even if the platform does not offer the same functionality as the metaquotes trading software MT4 or MT5, all functions required for smooth trading are included. In addition, the trading instruments are clearly categorized and the overview of the own account is always given. Especially the mobile versions for Smartphone and Tablet make trading at Libertex a pleasant experience.
Libertex Trading Accounts
Libertex offers a basic account with which all offered trading instruments can be traded. Libertex does not add spreads to prices, but charges an indicated percentage of the trading amount to commission for each trade. The commission due is displayed transparently in the window during trade opening so that no nasty surprises can occur. Basically, the commission is roughly the same as the spread for other brokers. The leverage effect is called a multiplier with Libertex and ranges, depending on the trading instrument, up to a multiplier of 30 (1:30 leverage) for retail clients and 600 (1:600 leverage) for professional clients. If you want to test the platform fist, you can do this with a free demo account and a virtual capital of $5,000.
Libertex Deposits and Withdrawals
Unlike many other brokers, the choice of payment options is very straightforward. In addition to credit card and bank transfer, deposits and withdrawals are offered via e-wallets such as Skrill (Moneybookers), Neteller, iDEAL, Trustly or Giropay. The minimum deposit of only 10 Euros is a point that makes Libertex attractive even for beginners in trading on the financial markets, as they can gain initial experience in real trading without having to invest a lot of capital.
Screenshot Libertex Website
Libertex - Final Rating
Libertex differs from most other online brokers in two essential aspects. On the one hand there is the own trading platform, which is characterized by a simple handling, but has all important functions and tools for successful trading. On the other hand, it is trading without spreads, which means that all costs are clearly visible to the trader at the opening of a trade. All in all, the broker's more than 20 years of experience in the financial markets has been translated into a positive trading experience.