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Pros

User-friendly platform with a variety of trading tools and options.
Low minimum deposit requirement of €100, making it accessible for beginners.
Regulated by the Cyprus Securities and Exchange Commission (CySEC), providing a level of security and trust.

Cons

Limited to over 250 underlying assets, which is lower compared to some competitors.
Fees and commissions can apply, including withdrawal fees and inactivity fees.
Maximum leverage for retail clients is capped at 1:30, which may restrict trading strategies.

Libertex broker Accounts

Libertex Account Types

Libertex offers two main types of accounts:

  • Libertex Portfolio Account:
    • Purpose: Designed for long-term investment in stocks with zero commission fees.
    • Minimum Deposit: $10.
    • Trading Fees: No fees for trades, no swap fees, and no inactivity fees.
    • Features: Allows buying fractional shares from 0.01 shares, no leverage, and regular dividend payouts credited to the account balance.
    • Libertex CFD Account:
      • Purpose: Suitable for active trading with leverage on various instruments including cryptocurrencies, forex, metals, and more.
      • Minimum Deposit: $10.
      • Trading Fees: Commissions apply based on the asset traded.
      • Features: Offers leverage from 1 to 999 depending on the instrument, allows both buying and selling, and supports pending orders.

      Libertex Broker Account Opening Process

      To open a Libertex account, follow these steps:

      • Visit the Official Website: Go to the Libertex website and click on the "Sign Up" option.
      • Complete the Registration Form: Fill in your email address, create a password, and provide your mobile phone number. Agree to the terms and conditions, then click "Sign Up."
      • Email Verification: Check your email for a confirmation link and click on it to verify your email address.
      • Account Verification: After signing up, you will need to upload documents for identity verification, such as a government-issued ID and proof of residence. This process typically takes up to 3 business days.
      • Make a Deposit: Once your account is verified, you can fund your account with a minimum deposit of $10 to start trading.
      • For more detailed information, you can visit the following sources:

        • Libertex Account Types Reviewed - Updated 2024
        • Libertex Review 2024

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