Libertex Review 2024 | Is Libertex a Scam or Legit Forex Broker?

  1. Education
  2. Forex Brokers
  3. Top Brokers
  Join over 8500 happy   users! Best brokers   Forex Bonuses   $Latest News  

Libertex

Libertex

3.0 / 5

Rating breakdown

Security
60%
3.0/5
Ease of Use
60%
3.0/5
Tradable Assets
60%
3.0/5
Deposit and withdrawal
60%
3.0/5
Trading Fees
60%
3.0/5
Support
60%
3.0/5

Top alternative : OspreyFX

Is Libertex safe? Yes Libertex is a safe and secure broker. However, No broker is perfect, and Libertex is no exception. While they do have a lot of pros, there are plenty of reasons why you might be looking for an alternative to Libertex. So which brokers are better than Libertex? Want to jump straight to the answer?

View alternatives

Read our Libertex review to find out if Libertex is a scam or a reliable forex broker. Unbiased Forex brokers reviews that serve the interests of our users.

Libertex Review and Analysis

Overview

Libertex ReviewLibertex is an online forex and CFD brokerage brand that operates from Limassol in Cyprus. “Libertex” is the trading arm of Indication Investments Ltd, which is part of the “Forex Club Group”. The Forex Club Group was founded in Russia in 1997 and has expanded their operations to virtually all over the world.

Investor Protection & Regulations

Libertex offers investor protection via regulation, privacy protection and security protocols on its website. There is also access to the investor protection fund of CySEC.

Tradeable Products

There are about 49 currency pairs, 100 stocks, 41 crypto assets, 5 metals, 18 indices, 6 Agricultural products, 5 Oil/Gas instruments and 10 ETFs available for trading on the platforms.

Fees and Commissions

Libertex fees and commissionsLibertex only charges commissions on trades: no spreads are charged on trades, which is an industry first.

Trading Platform

Libertex trading platformLibertex’ trading platform is the only platform available and it runs on the web browser making it available on all devices.The proprietary Liberty app is available on iOS and the android mobile devices. It features order management, news, charts, technical analysis and account management.

Account Types

Libertex offers only the “Demo account” and the “Real Account”. A minimum of $10 is required to open the Real account, and the account opening process is quite simple and takes about 5-10 minutes.

Deposit and withdrawal

Libertex Deposit and WithdrawalMajor credit/debit Cards, Bank Wire transfer, e-wallets like Skrill, Neteller are accepted means of payment. Bank payment solutions like Sofort, Trustly, GiroPay, iDEAL, P24, Multibanco, and Rapid Transfer are equally accepted for deposits. KYC must be completed before a withdrawal request is processed.

Usability

Libertex is an award winning broker that offers quality services. But, the brokerage is best suited for simple traders or new traders.

Customer Support

Libertex customer supportMultilingual customer support is available via phone, email and a web form, giving traders several options to reach the customer support team.

Education and Research

A basic, beginner level educational suite comes in the form of introductory videos, and these are available on the web and trading platform.

Overall Conclusion – Final Thoughts

Libertex is an experienced broker that has been in the business for over 20 years. It offers a wide selection of assets on its proprietary web-based platform. The brand is regulated by CySEC and requires a mere $10 minimum deposit to start trading.

LIBERTEX Social proof

LIBERTEX Social proof is the reviews, testimonials, and social shares that customers provide about LIBERTEX that help lead others to make any purchase decisions. Last Updated Date: 21/08/2024
Channel Libertex Social proof
Instagram Account with 35k followers
Facebook Account with 212k followers
Twitter Account with 20k followers
Youtube Account with 13.3k subscribers and 504 uploaded videos
Telegram Account with 1k followers
Discord Does not have a Discord channel

Traders comments and Reviews about LIBERTEX

Sites like Trustpilot provide excellent third-party social proof. Please be aware that there is no guarantee whether or not fake reviews are or are not present. These can lead to bias and compromise the reliability of reviews.
TrustPilot Libertex TrustPilot Customer Reviews, Feedback and Complaints
Trustpilot On Trustpilot, Libertex has currently 9.4k number of reviews with a TrustScore (the overall measurement of reviewer satisfaction) of 4.00/5.00. The low trustpilot score comparing with industry standards, indicating that most customers are generally dissatisfied with Libertex. Reviewers complaining about Libertex most frequently mention Huge trading spreads.

Libertex firm's reply behavior to negative reviews is up to the standard having replied to 93% negative reviews with a response time to their negative reviews in less than 30 days.

Libertex Read TrustPilot Customer Reviews, Feedback and Complaints

Real Benefits according to the Positive Users' Reviews

  • Honest and trustworthy

Main Complains according to the Users' Reviews

  • Huge trading spreads
Huge trading spreads. You open btc buy in 66000 they open your position on 66150, They constantly modify your stop loss for you to liquidate you position and take your money.

TrustPilot Reviews' Key takeaway

Broker's Features LIBERTEX Availability
Commissions ✔
Hedging ❌
PAMM ❌
Scalping ❌
Accepts US traders ❌
24 hour trading ❌
Swaps ❌
Demo account ✔
Daily analysis ❌
Automated trading ❌
Mobile trading ❌
Trading by phone ❌
1st deposit bonus ❌
Forex contests competitions ❌
Bonuses Promotions ❌
Interest charges on the balance ❌
Free education ❌
Expert advisors ❌
Partnership programs ❌
Trust management ❌
24 hour support ❌

Latest News

libertex default news image
Libertex honored as the best CFD broker at the UF AWARDS APAC 2024

Libertex has been named 'Best CFD Broker – APAC' at the UF AWARDS APAC 2024, held in Bangkok. The award recognizes Libertex's growing presence in the Asia-Pacific region and its commitment to providing top-tier CFD trading services. Factors contributing to its success include advanced technology, tailored customer support, educational resources, and a focus on meeting regional regulatory standards. This accolade reinforces Libertex's leadership in the ... 

competitive APAC market.

Thursday 26 September, 2024

People Also Asked

Is Libertex regulated?
Yes, Libertex is regulated by top-tier regulators, CySEC inclusive.
Where is Libertex based?
Libertex is based in , Cyprus
How does Libertex make money?
Libertex charges a spread between the bid price and ask price. In some instances it also charges a commission.
How do I deposit in Libertex account?
With Libertex you can deposit money via the following means; Credit Card, Moneta.ru, Neteller, QIWI, Skrill, Webmoney.
How do I withdrawal in Libertex account?
Libertex lets you request a withdrawal of funds from your account via the following means; QIWI, Skrill, Webmoney, Wire Transfer, Yandex.Mone.
What is the minimum deposit for Libertex?
Libertex has $10 minimum deposit.
What is the max leverage in Libertex?
Libertex has a maximum leverage is 1:600 for professional traders.
Does Libertex use MetaTrader?
Libertex platforms: No, Libertex do not use MetaTrader but it uses the following platforms: N/A
What type of broker is Libertex?
Libertex appears to be a Market Maker broker which offers market access to a variety of traders.
Does Libertex accept US clients?
No, Libertex does not accept US clients
Does Libertex offers Islamic accounts?
No, Libertex does not offer Islamic accounts
What financial instruments can I trade?
You can trade a wide variety of instruments with Libertex: You can trade a wide variety of instruments with Libertex: Currencies, Commodities, Indices, Stocks, Cryptocurrency

Are you Satisfied with what They Offer?

YES! Grab it!
NO. Show me Alternatives