Overall, Libertex can be summarised as a reputable CFD broker offering user-friendly tools to trade assets. Libertex was founded in 1997 and executes trades based on a market maker model.
🔍 Broker | 🥇 Libertex |
📉 Regulation and Licenses | None |
🎁 Bonuses | ✅Yes |
⏰ Support Hours | 24/5 |
📊 Trading Platforms | Libertex App, MetaTrader 4, MetaTrader 5 |
🖱️ Account Types | Libertex Portfolio, Libertex CFD Account |
🪙 Base Currencies | EUR, GBP, USD, CHF, PLN |
📌 Spreads | From 0.0 pips EUR/USD |
📍 Leverage | Up to 1:1000 |
💷 Currency Pairs | 50+; major, minor, and exotic pairs |
💶 Minimum Deposit | 10 USD |
💵 Inactivity Fee | 10 EUR after 6 months of inactivity |
🔊 Website Languages | English, Spanish, Vietnamese, Chinese |
💴 Fees and Commissions | Spreads from 0.0 pips, commissions vary |
🥰 Affiliate Program | ✅Yes |
🅰️ Scalping | ✅Yes |
🅱️ Hedging | ✅Yes |
📐 Trading Instruments | Forex, metals, indices, soft commodities, ETFs, bonds, energies |
🚀Open an Account | 👉 Open Account |
Min Deposit
USD 10
Regulators
CySEC
Trading Platform
MT4, MT5, Libertex Platform
Crypto
Yes
Total Pairs
0
Trading Fees
Low
Account Activation
24 Hours
Libertex Review – A Key 21-Point Quick Overview
- ✅Libertex at a Glance
- ✅Libertex Overview
- ✅Libertex Sign-up Bonus
- ✅Libertex Minimum Deposit
- ✅Libertex Account Types
- Libertex Account Features
- How to open a Libertex trading account – Step by Step
- Libertex Demo Account
- The Islamic Account
- Libertex Fees and Spreads
- Libertex Additional Trading Fees
- Libertex Deposit fees and deposit methods
- Libertex Trading Platforms
- LIbertex vs FXChoice vs Destek Markets – A Comparison
- Libertex Top Countries by Similar Web
- Libertex Current Popularity Trend
- Libertex Pro and cons
- Libertex Customer Reviews
- Conclusion
- Disclaimer
- Frequently Asked Questions
Libertex Overview
According to research in South Africa, Libertex is an online broker founded in 1997, offering the trading of currency pairs and CFD contracts via online trading platforms. Libertex.org is registered in St. Vincent and the Grenadines. The company executes orders based on a ‘Market Maker model’ and does not offer an ECN/STP connection.
Libertex operates as a brand under the brokerage division of Indication Investments Ltd, which is part of the Forex Club Group based in Russia. The company has offices located in Cyprus, Russia, and Belarus, and is regulated by the Financial Sector Conduct (FSC).
The company offers 213 tradable assets available on a reliable, award-winning platform performed by high-speed execution of orders, processed through market execution. The company’s trading instruments include Forex currency pairs, stocks, metals, indices, commodities, and more.
Moreover, Libertex enables its clients to trade Cryptocurrencies through a range of popular or even less common pairs alike, including Bitcoin, Ethereum, Ripple, Monero, Dash, Stellar, Zcash, EOS, NEO, and many more.
Libertex Sign-up Bonus
Traders who register a real account with Libertex are offered a deposit bonus and welcome bonus. Brokers often offer such a broker bonus to new traders to draw in more customers in addition to encouraging trading activities. Offering a deposit or welcome bonus is the best way in which to assure traders that they will receive some money back depending on the initial deposit made.
🎉Sign Up Bonus | 100% of deposit as your welcome bonus |
✔ 10% Redeeming speed | |
✔ 2% Payment chunks | |
⏱ 90 day conversion period | |
*subject to change | |
📌 Open an account | 👉 Click Here |
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The minimum deposit amount to receive the Welcome Bonus is $100. The maximum bonus amount is $10,000. Get back 10% of all trading commissions paid as a bonus converted into real money.
* Libertex pays the converted bonus to your trading account in 2% payment chunks. You should undertake sufficient trading to convert the whole bonus within 90 days.
Libertex Minimum Deposit
Libertex has a minimum deposit requirement of only $10. This minimum deposit amount was equivalent to ZAR 160 at an average current exchange rate between the US Dollar and the South African Rand at the time of writing. Libertex allows traders to fund their accounts via several different methods.
💳 Minimum deposit | $10 |
ZAR | R170 ZAR |
📊 Leverage | Up to 1:500 |
💰 Commissions | Yes |
📌 Open an account | 👉 Click Here |
Libertex Account Types
Unlike most online brokers, Libertex offers two live account types, Libertex Portfolio and Libertex CFD. The minimum deposit required to open a real account is only $10, which is equivalent to R1 600 ZAR at the exchange rate between the South African Rand and US Dollar.
Within the real account, it is however possible to access different account types that might differ in the amount required for a deposit, these Libertex Accounts are:
Account types: | 🌐 Libertex Portfolio | 🌐 Libertex CFD |
💳 Minimum deposit | $50 | $10 |
ZAR | R800 ZAR | R1 600 ZAR |
📉 Risk | Low | High |
📌 Open an account | 👉 Open Account | 👉 Open Account |
Libertex Account Features
Libertex Portfolio
Libertex Portfolio is a new kind of account on the Libertex platform that allows you to invest in stocks with zero swap or commission fees. It’s the perfect account for investing.
Features | |
✔ Purpose | Long-term investment in stocks with zero commission |
💳 Minimum deposit | $50 R800 ZAR |
📈 Yield | Moderate |
📍 Risk | Low |
📉 Tradeable assets | Stocks, ETFs |
📉Trade directions | Buy buying if the asset is available |
📊 Leverage | Not available |
📒 Demo account | No |
Libertex CFD
Libertex CFD is a traditional trading account that lets you buy/sell cryptocurrencies, forex instruments, gold, oil, and stock indices. The account lets you use a multiplier of 1 to 999 to increase your potential profit.
Features | |
✔ Purpose | Active trading with leverage on the most popular instruments: currencies, stock indices, cryptocurrencies, metals and more |
📈 Yield | High voliatility |
📍 Risk | High |
📉 Tradeable assets | Forex, cryptocurrencies, stock indices, agricultural commodities, stocks, metals, oil and gas, ETFs |
📉 Trade directions | Buy and sell |
📊 Leverage | From 1 to 999 depending on the instrument |
📒 Demo account | Yes |
How to open a Libertex trading account – Step by Step
Follow these steps to open a Libertex trading account:
- Step 1 – Navigate to the Libertex website
The first step in registering for a Libertex live account involves traders navigating to the Libertex website, and clicking on “start trading” to proceed.
- Step 3 – Fill out the Libertex registration form
The second step in the registration process requires traders to fill in their: email address, password, and cellphone number.
Click ‘open account’ to proceed.
- Step 3 – Open Libertex Dashboard and start trading
Traders will immediately gain access to the Libertex live dashboard, to start trading on the Libertex platform.
Libertex Demo Account
Libertex demo accounts come with €50 000 in virtual money and can be accessed via web and mobile apps. When signing up for a demo account, users also sign up for a real account (although they will be unable to access the real account without first making a deposit).
📌 Demo Account Features: | Virtual money |
No expiration date | |
Mimics live trading conditions | |
Risk - free |
It is then easy to switch between demo mode and real mode on the Libertex website or within the app, allowing users to take advantage of rapidly changing market situations.
The Islamic Account
Libertex does not offer traders who follow Sharia law the option of an Islamic Account. Often an Islamic account is provided as an option where traders can convert their live trading account to an Islamic Account, or in other cases, it is a standalone account with a separate application procedure.
Libertex Fees and Spreads
Libertex’s spreads start from 0 pips. Libertex has decided not to charge spreads, but to only charge commissions on trades. Traders should read the terms and conditions properly for more information on how to commission percentages change and what affects these changes.
Fees, Spreads and Commissions | |
💳 Spreads | 0.0 pips |
💰 Commissions | charged on the trade amount |
📊 Leverage | 1:500 |
Transaction fee | ☑ Yes |
Libertex Additional Trading Fees
Libertex is free to join and there is no monthly fee for trading. The only fees associated with trading are the commissions as mentioned. When trading financial instruments such as forex, traders can expect that overnight fees or swap fees will be applicable when positions are held for longer than one trading day.
❌ No monthly fees |
☑ Transaction fees |
☑ Rollover fee |
☑ Withdrawal fees |
Libertex Deposit fees and deposit methods
Libertex offers traders various deposit methods which can be used when funding accounts. Withdrawals usually must be returned by the same method used to deposit and to the same bank account. Most deposit methods are processed instantly except for bank transfers that can take several hours on occasion. Traders must ensure that they verify whether their financial institution charges its own fees.
Deposit methods that can be used include:
💳 Bank transfer | 💳 GiroPay |
💳 Debit/credit card | 💳 iDEAL |
💳 Skrill | 💳 Multibanco |
💳 Neteller | 💳 P24 |
💳 Sofort | 💳 Rapid Transfer |
Min Deposit
USD 10
Regulators
CySEC
Trading Platform
MT4, MT5, Libertex Platform
Crypto
Yes
Total Pairs
0
Trading Fees
Low
Account Activation
24 Hours
Libertex Trading Platforms
Libertex has a limited range of trading platforms when compared to many other brokers in the industry, consisting of the company’s proprietary in-house Libertex platform, and the ever-popular MetaTrader4.
Libertex Platform
Libertex’s own proprietary in-house trading platform is easily accessed through the company’s website. The platform is user-friendly and easy to use, however, in terms of trading features and trading tools, the Libertex in-house trading platform is very basic.
The platform has no advanced technical indicators or the ability to open multiple charts and instrument windows. That said, the platform does include a news feed section and a useful top menu of various markets, popular, top rising, and falling instruments on the day.
MetaTrader4 (MT4)
Libertex also offers the ever-popular MetaTrader4 and MetaTrader5, one of the most used trading platforms amongst CFD traders. The MT4 platform is available as a mobile application on the Apple Store and Google Play. MT4 has some of the best trading features including but not limited to economic news, Expert Advisor, trading signals, advanced technical indicators, and an extensive selection of plugins.
Metatrader5 (MT5)
Libertex also offers the ever-popular MetaTrader5, one of the most used trading platforms amongst CFD traders. The MT5 platform is available as a mobile application on the Apple Store and Google Play. MT5 has some of the best trading features including but not limited to economic news, Expert Advisor, trading signals, advanced technical indicators, and an extensive selection of plugins.
LIbertex vs FXChoice vs Destek Markets - A Comparison
🥇 Libertex | 🥇 FXChoice | 🥇 Destek Markets | |
💳 Minimum deposit | $10 | $100 | $100 |
ZAR | R160 ZAR | R1 600 ZAR | R1 600 ZAR |
🎉 Bonus | ☑ Yes | ☑ Yes | 📌No |
💻 MT4 | ☑ Yes | ☑ Yes | ☑ Yes |
☪️️ Islamic Account | 📌No | ☑ Yes | 📌No |
Libertex Top Countries by Similar Web
🌐 Germany | 40.89% |
🌐 Ukraine | 11.37% |
🌐 France | 9.94% |
🌐 Spain | 5.85% |
🌐 Italy | 5.45% |
🌐 Others | 26.50% |
Libertex Current Popularity Trend
According to Google Trends, here is an overview of how frequently the search term – “Libertex” is entered into Google’s search engine over a given period of time.
Libertex Pro and cons
✅ Pros | ❌ Cons |
Offers a user-friendly trading platform | A limited selection of financial instruments |
Offers the popular MetaTrader4 and MetaTrader 5 | Libertex charges additional fees and commission such as inactivity fee, withdrawal fee, and transaction fee |
Low minimum deposit requirement of R160 ZAR | Libertex offers a low leverage ratio of 1:30 for retail clients |
An attractive ‘zero spreads’ model | Offers only one account type that limits traders and investors |
Libertex Customer Reviews
If you’re looking for buying stocks…
If you’re looking for buying stocks online without commissions best service best price This company is what you’re looking for I’ve been dealing with them for a while and they’re amazing – James
Trading CFD’s on the website
Trading CFD’s on the website. I enjoy the information provided, the ease with which to trade, the tools and indicators. Only thing I miss is the possibility to use a trailing stop. It would be great if Libertex could take care of this. – J
Withdrawal money takes unacceptable long time
After clarification no more issues – Andres
You might also like: Libertex Account Types
You might also like: Libertex Demo Account
You might also like: Libertex Minimum Deposit
You might also like: Libertex Sign up Bonus
You might also like: Libertex Fees and Spreads
Min Deposit
USD 10
Regulators
CySEC
Trading Platform
MT4, MT5, Libertex Platform
Crypto
Yes
Total Pairs
0
Trading Fees
Low
Account Activation
24 Hours
Conclusion
Libertex provides decent offerings, though in a somewhat limited variety of trading instruments. While the company does offer the popular MetaTrader4 platform, Libertex’s offering in this category is fairly limited, with its own in-house platform failing to meet the standards of many of its competitors.
The company has garnered numerous awards and excels in the category of cryptocurrencies, but its other market instruments are also fairly limited when compared to many other brokers in the industry.
All in all, Libertex is a decent choice for traders who are especially interested in trading cryptocurrencies, an area in which the company excels, but those seeking more diverse instruments would likely be prompted to look elsewhere.
Disclaimer
Risk Warning: 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’s a trading platform used by Indication Investments Ltd. If you have any suspicion that you are dealing with a clone firm using the company’s brand, name or logo do not share any personal details and immediately notify the company.
Libertex tries its best to actively identify all clone firms but must advise that some do go unidentified by the company for some time. Clients should always confirm that companies they interact with online are legitimate before sharing personal information or conducting business.
The company’s name and identity have been used fraudulently in certain instances which it is aware of and has no control over.mIn as much as the company sympathizes with anyone who has lost money in this way, Libertex cannot accept any responsibility for a fraudulent solicitation of payment in its name.
The company is aware of an unauthorized 3rd party individual by the name of Mark Fischer contacting its clients in Germany on behalf of a broker named “CCFD”. This is a brand that appears on the Finma fraud warning watchlist https://www.finma.ch/en/finma-public/warning-list/ccfdbank.”
Please be careful about any communication you may receive from either Mark Fischer or the CCFD brand, as neither is affiliated with nor is authorized by Libertex group or its subsidiaries or affiliates, according to research in South Africa.
Frequently Asked Questions
Can I open a Libertex trading account in South Africa?
Yes, Libertex allows traders from South Africa through the Libertex.org website
Is Libertex fake or a scam?
No
What is Libertex overall rating out of 10?
6/10
What trading platforms are supported by Libertex?
Libertex supports MetaTrader4, MetaTrader5, and Libertex trader.
What type of broker is Libertex?
Libertex is a reputable broker.
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