Libertex review (2022) Review
Founded in 1997, Libertex has extensive forex trading experience for almost two decades. Libertex offers its clients two trading accounts, one of which is a demo account. Libertex is headquartered in the forex-friendly centre of Cyprus, which means it has access to lucrative forex trades for many of its clients. Libertex provides users with access to its trading platform, MT4 and MT5. The minimum deposit is 100 EUR and offers many instruments and is regulated and authorised by CySEC.
- Regulation – CySEC
- Min. deposit – 100 EUR
- Leverage – 1:30
- Spread – fixed
What can be traded with Libertex
- Oil and gas
On their website, you may take a look at the most popular assets on the Libertex trading platform.
Libertex is regulated, governed and supervised by reputable financial regulatory bodies Cyprus Securities and Exchange Commissions (CySec). They use several banks to store your funds.
Libertex demo account
The Libertex demo account is a standard trading account that has been designed to meet the needs of clients who are new to the foreign currency trading concept. This is an account that offers training without risk. It shows how to carry out trades and the general concept of how trades work. The account comes with almost $ 50,000 in virtual cash that will allow the client to learn how to place lucrative deals.
Libertex doesn’t charge:
- Monthly trading fees
- Inactive account fee
- Deposit fees
- Withdrawal fees
They do charge commission fees and the minimum deposit is 100 EUR.
Opening an account with Libertex
Opening a demo account is simple. The join button is on the main page. A short form comes up for you to fill in with your email and a password.
Without any extra questions, I`m straight on the platform. I immediately received a welcome email with information about Libertex and its support.
Libertex offers 3 platforms. MT4, MT5 and a Libertex platform, which I have chosen.
After registering I was straight on the main portal. It has a clean interface with instruments on the top, a panel for selecting individual instruments from the asset class on the left, the main chart window with basic indicators. It also has a Favourites window, you can read News and Analytics ticker for urgent market-impacting events, and a right-hand box containing open and past orders. I really appreciate that the Libertex platform is available to use on multiple devices including Apple Mac computers, and online through a Web Browser. I`d say this platform is one of the most user-friendly in the world.
Also, the Libertex website has a clean design with black, white and orange. The main page gives you a short view of why to choose Libertex. The demo account is highlighted as one of its first features, then you can view a live assets chart, you can go through news and facts on why to trust Libertex. The top pane offers you:
- Trading info
In the trading info option, you can go through the news, the last article is 3 months old though, so not very up to date. Their blog articles are interesting, but also a couple of months old. Libertex offers a good selection of educational resources. From a starters video to webinars and the already mentioned demo account.
Follow Libertex on Facebook, Twitter, Instagram or YouTube. The last Facebook post is nearly 3 months old. They usually post news, analysis and facts.
The same activity was also on Twitter and Instagram. YouTube offers stock update videos, news and facts. They also have 8 educational videos.
Advantages and disadvantages
Libertex has been active in the online trading scene since 1997, which means that it has over two decades worth of experience to boast of. They offer a demo account, which you open in a second and you have virtual money to learn with. The Libertex platform is super easy and clean as well as their website. The news feed is a bit outdated and activity on social networks not as often as I expected.
- Outdated news
- Poor activity on social networks
- Offers only one trading account
- Specific commission fees not overly clear
- Well-designed Libertex platform
- The broker offers zero spreads
- Regulated by CySEC
- Offers the MT4, MT5
Pros / Cons