Libertex Review Review
Libertex is a CFD Broker regulated by the Cyprus Securities and Exchange Commission (CySEC) licence 164/12.
The broker keeps client funds separate and explicitly states its privacy policy.
Libertex offers trading with over than 250 underlying assets, including CFDs on currency pairs, around 50 of them; cryptocurrencies, 43 of them; commodities such as oil and gold. Libertex has some U.S. stocks and ETFs as well as 19 world indices.
All of the assets available on the platform are traded as CFDs (Contracts for Difference). Instead of owning the underlying asset, you own a contract that reflects the price difference of the asset.
Thus, using CFDs offers several advantages to traders:
- you can open both buy and sell trades,
- you do not have to think where to store the goods, if it is oil or gold, because CFDs give you the possibility to trade on the price difference right from the start.
- transparent trading conditions of contracts, no hidden commissions;
- it is possible to use the leverage up to 1:30 for retail clients, therefore the potential income increases, but the risk increases proportionally.
- Access to all underlying assets through one trading account.
Registration is very simple and accessible.
The minimum deposit to start with is just 100 euro.
The platform is available for users from the EEA area and Switzerland.
Trading platforms.
Libertex has three trading platforms: its own Libertex and MetaTrader 4 (MT5 as latest version as well). All platforms are available for websites and mobile devices. MetaTrader 4 and MetaTrader 5 is also available as a desktop application.
You can trade CFDs on forex, cryptocurrencies, stocks and commodities on the platform. The platform also has a full suite of charting and technical analysis tools.
MetaTrader platforms have a much more complete set of tools and indicators for your own technical research. Here you can set up alerts based on the set parameters and test your signals based on the price history of the currency pair.
Advantages of Libertex.
Commission fees from 0.0003% spreads apply as well. Currently you can trade Crypto CFDs at zero commission fee (tight spreads apply).
This makes it easier to understand how much you’re paying to trade.
The ability to leverage transactions up to 30:1 for major currency pairs.
The platform offers a free demo account of 50,000 euros in play money, with which you can practice trading, with no risk.
Support
The Libertex platform offers their customer support from Monday to Friday from 8 a.m. till 6 p.m. CET via phone, chat and email.
If you have questions about your account, you can always find answers in the online knowledge base located on the platform.
Conclusions
Libertex is a high-quality online trading platform, providing the ability to trade CFDs on 50 currency pairs, 43 cryptocurrencies, and dozens of commodities. However, the set of currency pairs and stocks is far from complete and loses out to other brokers that have more trading possibilities.
Libertex offers, competitive and clear commission fees and very tight spreads, starting from 0.1 pip.
The benefits of CFDs (contracts for difference) can be fully exploited on the platform, taking into account the possible risks as well, of course.
Libertex is available for users from the EEA area and Switzerland.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 87.8% of retail investors accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing you money.
