Libertex Forex Broker
Basic Information
Saint Vincent and the Grenadines
10-15 years Regulated in Cyprus Market Maker (MM) Global Business High potential riskCompany profile
Rating Index
Libertex Forex Broker - Complete Information Guide
1. Broker Overview
Libertex, officially known as Indication Investments Ltd, was founded in 1997 and has established itself as a significant player in the online trading industry. The broker is headquartered in Limassol, Cyprus, and operates under the regulatory oversight of the Cyprus Securities and Exchange Commission (CySEC), holding the license number 164/12. This regulatory framework provides a robust foundation for its operations, ensuring compliance with stringent financial standards.
Libertex primarily serves retail clients across over 120 countries, offering a diverse range of financial instruments including forex, CFDs, commodities, indices, stocks, and cryptocurrencies. Over the years, the broker has received numerous accolades, including recognition for its trading platform and customer service. As part of the Libertex Group, which boasts over 25 years of experience in the financial markets, the broker has built a reputation for reliability and innovation in trading solutions.
The business model of Libertex is centered around providing a user-friendly trading environment, specifically tailored for both novice and experienced traders. It offers a commission-based trading structure, which eliminates the need for spreads, allowing traders to know their costs upfront. This unique approach positions Libertex as a competitive option in the forex brokerage landscape.
2. Regulatory and Compliance Information
Libertex operates under the stringent regulations of CySEC, which is recognized as a tier-1 regulatory body. The broker's license number is 164/12, and it adheres to the Markets in Financial Instruments Directive (MiFID II), ensuring high standards of transparency and client protection.
In addition to its CySEC regulation, Libertex is also registered with other financial authorities in different jurisdictions, including the Financial Services Commission (FSC) of Mauritius. This multi-regulatory approach enhances its credibility and allows it to provide services across various regions.
Client funds are kept in segregated accounts, separate from the broker's operational funds, ensuring that traders' investments are protected. Furthermore, Libertex participates in the Investor Compensation Fund, which provides an additional layer of security for its clients in case of insolvency.
The broker follows strict Know Your Customer (KYC) and Anti-Money Laundering (AML) protocols, requiring clients to verify their identity and address before trading. This commitment to compliance not only protects the broker but also its clients, fostering a secure trading environment.
3. Trading Products and Services
Libertex offers an extensive range of trading products, with over 300 tradable assets across various categories. These include:
- Forex: A wide selection of currency pairs, including major, minor, and exotic pairs.
- CFDs: Contracts for difference on commodities, indices, stocks, and cryptocurrencies.
- Cryptocurrencies: Trading options for popular cryptocurrencies such as Bitcoin, Ethereum, and Litecoin.
- Commodities: Includes precious metals like gold and silver, as well as energy products like crude oil and natural gas.
- Indices: Access to major global indices, providing traders with opportunities to speculate on market movements.
The broker frequently updates its product offerings, ensuring traders have access to the latest market instruments. While primarily focused on retail trading, Libertex also caters to institutional clients, providing tailored solutions to meet their specific trading needs.
4. Trading Platforms and Technology
Libertex provides its clients with access to its proprietary trading platform, which is designed to be user-friendly and efficient. The platform is web-based, allowing traders to access their accounts from any device without the need for downloads. Additionally, Libertex supports the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, which are well-known for their advanced trading capabilities and analytical tools.
The proprietary platform offers features such as:
- Real-time market data: Traders can access live quotes and market information.
- Advanced charting tools: A wide range of technical indicators and drawing tools to assist in market analysis.
- Multi-timeframe analysis: Traders can analyze price movements across different timeframes.
The trading environment is supported by robust technology infrastructure, ensuring fast execution of trades and minimal downtime. While the proprietary platform is designed for ease of use, experienced traders may prefer the MT4 and MT5 platforms for their extensive customization options and automated trading capabilities.
5. Account Types and Trading Conditions
Libertex offers a streamlined account structure, primarily featuring a standard trading account and a demo account for practice. The minimum deposit requirement is €100, making it accessible for traders of all levels.
Key features of the accounts include:
- Leverage: Up to 1:30 for retail clients, with higher leverage options available for professional accounts.
- Spreads and Commissions: Libertex operates on a commission-based model with spreads starting from 0.1 pips. There are no hidden fees, allowing traders to understand their costs upfront.
- Minimum Trade Size: The minimum trade size is 0.01 lots, enabling flexible trading strategies.
While the account offerings are limited compared to some competitors, the simplicity of the account structure allows for a straightforward trading experience.
6. Fund Management
Libertex supports a variety of funding methods, ensuring convenience for its clients. The available deposit options include:
- Bank Transfers
- Credit/Debit Cards (Visa, Mastercard)
- E-wallets (Skrill, Neteller, PayPal, etc.)
The minimum deposit requirement is €100, and all deposit methods are processed without fees, with most transactions being instant.
For withdrawals, clients can choose from several methods, although some may incur fees based on the payment method used. Withdrawal requests are typically processed within 24 hours, but bank transfers may take up to 5 business days.
7. Customer Support and Educational Resources
Libertex provides customer support through multiple channels, including email, phone, and live chat. The support team is available Monday to Friday, offering assistance in several languages. However, the lack of 24/7 support may be a limitation for some traders.
In terms of educational resources, Libertex offers basic materials such as articles and video tutorials. However, the educational content is limited, and traders are encouraged to seek additional resources from third-party providers to enhance their trading knowledge.
8. Regional Coverage and Restrictions
Libertex serves clients in various regions, primarily across Europe and the EEA. However, it does not accept clients from certain countries, including the United States, Canada, and Australia.
The broker's operations are structured to comply with the regulations of the jurisdictions it serves, ensuring that clients can trade safely and securely.
In conclusion, the Libertex broker stands out in the competitive landscape of online trading, offering a reliable and user-friendly platform for both novice and experienced traders. Its regulatory compliance, diverse trading products, and competitive pricing structure make it an attractive choice for those looking to engage in forex and CFD trading.
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Latest Reviews
Juan Illojuan
Romania
Never thought a simple investment would cost me my mental health and my peace of mind... It all started when, naively, I registered with Libertex looking to diversify my savings. I was immediately contacted by a Jose Heredia, who proudly introduced himself as the "Chief Manager" when he understood I had substantial capital. He made me feel as if I was on Wall Street, all a setup to make me trust. The problem was I did trust. After a downpour of calls and emails, his "support assistant", Andreas set up a meeting with a supposed "financial advisor". I don't even remember his name, but he was more of a soap opera actor than a professional. Promised risk-free profits, foolproof strategies, and constant returns! In less than a month, this incompetent man made me lose more than 20,000 dollars. And when I tried to withdraw the rest of the money, they made excuses about a verification that can never be completed. What a joke!
Exposure
07-01
Nicolas Navarro
Argentina
Many years I have been using this broker, and honestly I have never had any problems. The only thing I didn't like was when they updated the spreads. Personally, I trade BTC/USD and many times because of these spreads, the entry point does not end up where one desires.
37130
06-10
FX1492875540
Argentina
Hello, I'm Silvia and like many of you, I had a horrible experience with this broker. I registered and was continuously harassed by their advisors to follow their signals. They acted in collusion as I was contacted by several of them who seemed to be well-coordinated. My main financial advisor, Julia or Juliana, would constantly pressure me to deposit more to take advantage of the initial bonus doubling, a bonus that never arrives. They then have you go through a series of successful trades until you're brought to the brink of loss. Then begins the coercive extortion. If you don't double the sum, you lose everything. In the best case scenario, you lose all invested up to that point, and the coercive extortions continue. Since there's no money left in the account, you're forced to deposit more to be given the initial bonus. 👿
Exposure
07-05