Libertex Review 2021


In the recent era, where online brokers are very popular, Libertex is yet another very popular name when it comes to CFD brokerage and Online Forex trading. The Libertex trading platform came into existence in 1997 and operated from Limassol, Cyprus. Its inception, the trading platform has been serving trading requirements of over 2.2 million clients based across 110 countries from all over the world. There are no concepts of commissions charged by the platform; in fact, it only charges ‘spread’, which will be later discussed in this Libertex review.

Best for CFD and Online Forex Trading

Libertex Review – Overview of Platform

Trading leveraged products such as CFDs involves substantial risk of loss and may not be suitable for all investors. 83% of retail investor accounts lose money when trading CFDs with this provider. Trading such products is risky and you may lose all of your invested capital.

“Libertex” has been lately collaborating with the Libertex Group. In fact, it is a trading wing of the Cypriot investment company regulated by CySEC named Indication Investments Ltd, which again is a part of the Libertex Group. The company secures its website for the traders by implementing the Secure Socket Layer or the SSL certificates.

Libertex does not offer its services to traders based in the US, New Zealand, Australia, Belgium, British Virgin Islands, Lebanon, Northern Mariana Islands, Philippines, South Africa, Uganda, Sri Lanka, Kuwait, Azerbaijan, Armenia, and Canada.

Amazing Features of Libertex

There are some amazing features that this online broker offers to its clients. Some are discussed hereunder.

~ Automated trading: Like any other online broker, Libertex also offers in-house trading facilities to its numerous traders spread all over the world. It also offers the widely popular MetaTrader4, through the MetaQuotes Language 4 or MQL4, which is nothing but a programming language for automated trading that is done through MT4. This enables traders to develop tools like technical indicators, technical analysis, trading robots, scripts, and function libraries.

~ Multiple Trading platforms: The Libertex trading platform is compatible both on the desktop and as mobile apps. To be more specific, the trading platform is compatible with Windows and Mac, and also as a mobile application on both the iOS and Android enabled phones. Apart from these, Libertex also provides an in-house trading platform, through the widely popular MetaTrader4.

Libertex Reviews – MetaTrader Platform

Libertex Reviews – MetaTrader Platform

On the day of online trading, Libertex offers a total of 20 instruments for trade, which serve the purpose of the traders most efficiently. Very few other online FX brokers can offer such a wide range of instruments to their clients.

~ Fees: The fee structure of Libertex is slightly different than what its competitor’s CFD broker currently offers. The broker charges additional commission such as inactivity fee, withdrawal fee, and transaction fees, and overnight fees. The transaction fee is charged from the respective traders on the base of a certain percentage of the monetary value of the profits earned from placing a trade. Then there is a withdrawal fee charged by Libertex, beyond a certain limit of the withdrawal amount and the mode of withdrawal the trader chooses. Some of the brokers charge an inactivity fee of 10 EUR, and Libertex also charges the same from its users whose accounts remain dormant beyond 180 days and have a balance less than $10,000. Lastly, the Rollover fee is charged from the trader’s accounts, at the end of each trading day, sharp at 9 pm GMT as an interest. For the CFD instruments, the rollover fee is triple when the trade is rolled from Friday to Monday.

~ Spreads: With Libertex, the traders can enjoy an amazing feature of a zero spread model meant exclusively for all the CFD products that it offers. This means that the traders can effectively trade with no gap in between the bid and the price asked for. Though this feature counts for high benefits for some traders, some analysts say it is also a downside, and therefore, they recommend the traders to first evaluate the cost of the transaction fee before opting for spread trading.

~ Multilingual: Libertex offers its traders to filter between 10 languages available on its official website that includes English, German, French, Italian, Spanish, Portuguese, Polish, Russian, Dutch, and Turkish. Moreover, the in-house trading platform on Libertex is also available in 9 languages that include English, German, Spanish, Indonesian, Malay, Russian, Portuguese, Chinese, and Thai.

Libertex Multilingual

Libertex Multilingual

~ Education:We bumped up into this amazing feature of Libertex while doing this Libertex review. This online trading system, unlike most other online brokers, makes an unputdownable effort to impart useful education for the traders apart from the usual news and articles section. The education course that the online broker offers consists of 29 lessons on its in-house trading platform and on the website. Moreover, there are separate news sections on the company’s website that are dedicated exclusively for cryptocurrencies, forex, economics, politics, news, etc. among the many others.

Libertex Review - Education for Traders

Libertex Education

~ Security: Two regulators regulate the Libertex trading platform, namely the CySEC or the Cyprus Securities and Exchange Commission (CySEC) bearing the CIF Licence number 164/12. Moreover, to ensure the safety and security of the clients’ funds, there is the ICF or the Investor Compensation Fund that gives full coverage of €20,000 in the event of the broker becoming insolvent. It partnered with the major banks in Europe to safeguard their clients’ funds, and in its 20 years of operation, there never have been any reports of fraud or unaccounted traders’ funds.

~ Robust customer service: While doing this Libertex review, we came across a robust team of customer support, that provides valuable insights to all customer support queries over multiple channels of communications like phone, email, live chat, WhatsApp, and also over social media platforms like Facebook Messenger. When there is no scope for any physical interactions with the online brokers, it is the customer support team that the users look up to for solving their queries. The customer service representatives of Libertex are always at the service of their users. They promptly respond to the comments sections in the social media platforms that contribute to this emerging popularity of this online broker.

Libertex Reviews – A Legit Broker

Libertex Features


Pros and Cons of Libertex

Pros Cons
        It offers a user-friendly and best trading environment.         Only 213 financial instruments are available on it.
        Allows MetaTrader 4, which is almost non-existent in most of the trading platforms like Libertex.         There are additional fees and commissions charged on Libertex like the transaction fee, withdrawal fee and inactivity fee.
        The minimum amount that needs to be deposited is just 100 EUR.         Low leverage ratio of 1:30 for Retail, 1:600 for Professional.
        Regulated by CySEC         ECN/STP model not available for clients.
        Zero Spreads model available         There are a lot of negative criticisms about Libertex.

Deposits and Withdrawal at Libertex

It is at the discretion of the traders to select the mode of payment in which they want to make their deposits to their accounts at Libertex. Among the various modes of payments allowed by the online broker, debit cards, credit card, wire transfers, Neteller, Skrill, MasterCard, PayPal, bank transfers, SEPA, are some of the common modes that the users feel convenient to use. Both the deposit and the withdrawal methods are very easy and user friendly. The withdrawal can be made both via the web platform and also via the mobile application. In case if the traders are using the web trading system, they need to click on the “withdraw” tab to initiate the withdrawal request. On the other hand, if they are using the mobile app, they need to first select “Wallet” and then click on the “Withdraw Funds” tab to initiate the withdrawal processing request.

Libertex Reviews - Libertex Deposit And Withdrawal

Libertex Deposit & Withdrawal

The details of the payment options, along with the transaction charges, if any, are discussed in detail below.

Deposits made by Visa or Mastercards are processed instantly. The minimum deposit, in this case, is €100, and the maximum deposit is $5,000. For withdrawal funds using Visa or Mastercard, a withdrawal fee of €1 per transaction is charged from the traders, and the processing requires a maximum of 5 days.

Deposits made via bank wire transfers take 3-5 days for processing. Here the minimum deposit fixed by the Libertex trading system is $10, and the maximum is $100 million. There is a 0.5% fee charged as the withdrawal fee on the amount withdrawn.

In case the traders use Skrill for making the payments, withdrawal takes 24 hours to initiate processing. Here the minimum deposit that can be made is €100 up to a maximum of $1,500. However, Libertex does not charge any commission for Skrill transactions.

Deposits made via Neteller are free and instant, but the withdrawal fee of 1% is charged on the amount withdrawn and the processing times it takes can be a maximum of 24 hours. Here the minimum deposit is €100, and the maximum deposit is $5,000.

Only deposits can be made via any of the payment solutions like Sofort, iDeal, rapid transfers, P24, etc. There are no processing fees attached to any of these payment solutions.

How many instruments are available on Libertex?

A total of 213 instruments are available on Libertex that are categorized into stocks, forex, indices, commodities like gold, energy, and agriculture), cryptocurrencies, and ETFs. This number is comparatively lower than other CFD brokers like Libertex, which is a severe disadvantage for it.

A full list of the instruments available on Libertex is given hereunder.

  • Stocks and shares that include Medical cannabis, consumer goods and services, automobile industries, healthcare services, energy, finance, industrials, luxury items, materials, technologies, telecommunications, and potential trading assets.
  • Forex that include all the Major, minor, exotics and crosses.
  • Agricultural crops including Corn, Soyabean, wheat, sugar, coffee and cocoa.
  • 15 global indices from different parts across the world including Europe, North America, South America, Asia, and the Middle East.
  • 40 cryptocurrencies pairs including Bitcoin, Bitcoin Cash, Litecoin, Ethereum, and Ripple.
  • Metals including silver, gold, platinum, palladium and copper.
  • Oil and gas including Brent crude oil, natural gas, light sweet crude oil, WTI crude oil, and heating oil.
  • 10 ETFs in total.

How does Libertex work?

To get started with Libertex is pretty easy, and as such, it does not require the users to download it, it can simply be operated through the web browsers. The following steps will help the traders understand how to start trading with it:-

~ Account opening: Generally, creating an account on such platforms is pretty easy, and it does not take more than 5 to 6 minutes’ time. All that the users need to do is visit the official homepage of Libertex; there is a “login” tab on the upper right-hand corner of the page that needs to be clicked on. This will direct the users towards another section of the in-house best trading system that reads “sign up”. On clicking the “sign up” tab, a registration form will open that needs to be filled up by the users with some of his basic details like his full name, address, email id, phone numbers, etc.

Libertex Review – Join with Libertex

Libertex Sign Up

~ Fund your accounts: After creating an account with the online broker, now the users need to fund their accounts so that they can start trading. This funding up of his account, is nothing but initiating trading with a working capital which is required for all trades. The user needs to choose his preferred mode of payments and make the initial deposit. The various modes of payments allowed on Libertex is discussed above in this Libertex review.

Therefore, a deposit must be made before real trading begins, and the deposit must be made with the same name as used at the time of opening an account on Libertex. There are no deposit charges as such on Libertex. For the withdrawal purpose, a withdrawal request form must be filled up by the trader mentioning his account details from where he intends to withdraw, what mode he prefers for withdrawing money and what amount he wants to withdraw. The transaction fee will be levied accordingly based on the modes and amount of funds withdrawn. Before a withdrawal request is approved, the client needs to comply with all the verification processes, including “Know Your Customer” (KYC) procedures.

~ Start trading: Now the users are ready to initiate trading either using their real account or to use the demo trading account feature allowed on Libertex. The demo account feature has all the necessary trading tools as in the real account and also exposes the users to a real trading environment. The only difference is, as the demo account is virtually funded, so naturally, the investors cannot earn any real profits by trading through the demo trading account. The profits earned will only be virtual and will not be reflected in the traders’ accounts for any reason whatsoever. It is only meant for practice purposes wherein the investors are exposed to real trading to understand the trading strategies and technical analysis that will work for them and also mitigate the high-risk factor associated with online trading.

The Libertex platform only allows these two accounts, demo and real, unlike other online brokers where multiple accounts can be created based on the experience of the traders and the amount of the capital they intend to invest on it. This, in fact, creates confusion at the end of the day, and Libertex users are relieved from facing such confusion. Both the real account and the demo account are discussed in detail as to their account creations and funding.

~ Real Account: The steps for an opening account on the Libertex platform qualify for opening a real account. For filling up the registration form, some basic details are needed, but in order to make a deposit into the real account, some more information like the mode of payments, details of the payment mode, like your debit card or credit card details etc. are also needed to be mentioned in the form to initiate the process. But, to deposit money, more information will be required by the broker. The min deposit required to open a real account is €100. This is also the minimum amount that needs to be deposited by the traders to qualify for a bonus. Moreover, in the case of real accounts, a trading position cannot be created with more than 10% of the balance like, say, to open a trading position in Libertex of worth €10 position, the minimum balance that the trader needs to keep in his real account is €100. But It does not provide multiple account types facility to its users.

~ Demo Account: This account only for practice and experimental purposes. The demo account is credited with virtual money worth $50,000 that the traders can use to place trades and experience real trading without risking their own money. The demo account creation process is the same as in the creation of real accounts, and the demo account feature is available on the web and also as the mobile application. Traders can place trade immediately when the web browser is used, but if the traders prefer to use the mobile application mode, they need to first download and install the platform before placing a trade on it. But it is very easy to switch modes from a real account to a demo account and vice versa.

Wrap up

While doing this review, we came across various unknown facts that go in favor of this broker and tagging this platform as a legit one. There is no scope for doubts that can go against Libertex being a genuine broker that serves its clients with all the facilities that they expect from an online broker like this. The registration is easy; the trading is made easy by the demo account feature of the platform.

The deposits and withdrawal processes are hassle-free, and CySEC regulate the platform. What more can the online traders ask for in an online broker. But the commission charged and the absence of MetaTrader sometimes pose serious threats to the emerging popularity of the platform, which it will soon take care of in the coming future.


1. Is Libertex a regulated broker?

Yes, Libertex is regulated by CySEC or the Cyprus Securities and Exchange Commission that has the CIF Licence number 164/12.

2. What is the maximum leverage offered on Libertex?

The maximum leverage offered exclusively for the pro-traders is 1:600.

3. What is the leverage ratio offered by Libertex?

It allows a leverage ratio of 1:30.

4. How many instruments are there on the Libertex platform?

The number of instruments available on Libertex is 213, which is sometimes considered as a drawback of this online broker because other online brokers of the same category as Libertex offer much more financial products as compared to Libertex.

5. Does Libertex use MetaTrader?

Yes, Libertex use MetaTrader. They only use the Liberty proprietary in house trading platform.

6. Is a Libertex scam broker?

No, as per our Libertex review, the platform appeared legit. It has been operating as a leading CFD broker since 1997 i.e., almost over by 20 years and is also regulated by the CySEC, the Indication Investments Ltd, that contributes to the credibility of the platform. However, It has some negative reviews from users who sometimes complain about its long withdrawal process or the inefficient customer support team. But still, these factors cannot tag a leading online broker like Livertex as a scam.

7. Is Libertex available for US citizens?

No, Libertex is not available for US residents. As such, it is not regulated in the US by any regulator like the Securities and Exchange Commission (SEC). It is based in Cyprus and is regulated by the CySEC.














  • Regulated by CySEC
  • Offers a user-friendly trading platform.
  • The minimum amount that needs to be deposited is just 100 EUR.


  • Only 213 financial instruments are available on the platform.
  • Low leverage ratio of 1:30 for Retail, 1:600 for Professional.
  • ECN/STP model not available for clients.
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