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

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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.

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

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?