All Share (J203) = 89 062
Rand / Dollar = 18.40
Rand / Pound = 23.22
Rand / Euro = 19.24
Gold (usd/oz) = 2 931.46
Platinum (usd/oz) = 976.70
Brent (usd/barrel) = 76.02
Trade +10,000 CFDs with Tight Raw Spreads. – Trade Now!

Libertex Review

Libertex Review

 

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 LicensesNone
🎁 Bonuses✅Yes
⏰ Support Hours24/5
📊 Trading PlatformsLibertex App, MetaTrader 4, MetaTrader 5
🖱️ Account TypesLibertex Portfolio, Libertex CFD Account
🪙 Base CurrenciesEUR, GBP, USD, CHF, PLN
📌 SpreadsFrom 0.0 pips EUR/USD
📍 LeverageUp to 1:1000
💷 Currency Pairs50+; major, minor, and exotic pairs
💶 Minimum Deposit10 USD
💵 Inactivity Fee10 EUR after 6 months of inactivity
🔊 Website LanguagesEnglish, Spanish, Vietnamese, Chinese
💴 Fees and CommissionsSpreads from 0.0 pips, commissions vary
🥰 Affiliate Program✅Yes
🅰️ Scalping✅Yes
🅱️ Hedging✅Yes
📐 Trading InstrumentsForex, 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

  1. Libertex at a Glance
  2. Libertex Overview
  3. Libertex Sign-up Bonus
  4. Libertex Minimum Deposit
  5. Libertex Account Types
  6. Libertex Account Features
  7. How to open a Libertex trading account – Step by Step
  8. Libertex Demo Account
  9. The Islamic Account
  10. Libertex Fees and Spreads
  11. Libertex Additional Trading Fees
  12. Libertex Deposit fees and deposit methods
  13. Libertex Trading Platforms
  14. LIbertex vs FXChoice vs Destek Markets – A Comparison
  15. Libertex Top Countries by Similar Web
  16.  Libertex Current Popularity Trend
  17. Libertex Pro and cons
  18. Libertex Customer Reviews
  19. Conclusion
  20. Disclaimer
  21. Frequently Asked Questions

 

Libertex Overview

 

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 BitcoinEthereum, RippleMoneroDashStellarZcashEOS, NEO, and many more. 

 

libertex.org bonus

 

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 Bonus100% of deposit as your welcome bonus
✔ 10% Redeeming speed
✔ 2% Payment chunks
⏱ 90 day conversion period
*subject to change
📌 Open an account👉 Click Here

 

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 Sign Up Bonus

 

 

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
ZARR170 ZAR
📊 LeverageUp 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
ZARR800 ZARR1 600 ZAR
📉 RiskLowHigh
📌 Open an account👉 Open Account👉 Open Account

 

Libertex Account Types

 

Libertex Account Features

 

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
✔ PurposeLong-term investment in stocks with zero commission
💳 Minimum deposit$50

R800 ZAR
📈 YieldModerate
📍 RiskLow
📉 Tradeable assetsStocks, ETFs
📉Trade directionsBuy

buying if the asset is available
📊 LeverageNot available
📒 Demo accountNo

 

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
✔ PurposeActive trading with leverage on the most popular instruments: currencies, stock indices, cryptocurrencies, metals and more
📈 YieldHigh voliatility
📍 RiskHigh
📉 Tradeable assetsForex, cryptocurrencies, stock indices, agricultural commodities, stocks, metals, oil and gas, ETFs
📉 Trade directionsBuy and sell
📊 LeverageFrom 1 to 999

depending on the instrument
📒 Demo accountYes

 

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.

 

How to open a Libertex trading account step 1

 

  • 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.

 

How to open a Libertex trading account step 2

 

  • 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.

 

How to open a Libertex trading account step 3

 

 

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.

 

Libertex Demo Account

 

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
💳 Spreads0.0 pips
💰 Commissionscharged on the trade amount
📊 Leverage1:500
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 Additional Trading 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.

 

Libertex Trading Platforms

 

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.

 

MetaTrader4

 

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.

 

MetaTrader5

 

LIbertex vs FXChoice vs Destek Markets - A Comparison

🥇 Libertex🥇 FXChoice🥇 Destek Markets
💳 Minimum deposit$10$100$100
ZARR160 ZARR1 600 ZARR1 600 ZAR
🎉 Bonus☑ Yes☑ Yes📌No
💻 MT4☑ Yes☑ Yes☑ Yes
☪️️ Islamic Account📌No☑ Yes📌No

 

Libertex Top Countries by Similar Web

🌐 Germany40.89%
🌐 Ukraine11.37%
🌐 France9.94%
🌐 Spain5.85%
🌐 Italy5.45%
🌐 Others 26.50%

 

Libertex Similar Web

 

 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 platformA limited selection of financial instruments
Offers the popular MetaTrader4 and MetaTrader 5Libertex charges additional fees and commission such as inactivity fee, withdrawal fee, and transaction fee
Low minimum deposit requirement of R160 ZARLibertex offers a low leverage ratio of 1:30 for retail clients
An attractive ‘zero spreads’ modelOffers 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

IG 5 Star Review

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

IG 4 Star Review

Withdrawal money takes unacceptable long time

After clarification no more issues – Andres

IG 3 Star Review

 

Libertex Customer Reviews

 

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.

 

Contact Libertex

 

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.

 

There are no reviews yet. Be the first one to write one.


5/5 - (4 votes)

Written by:

Louis Schoeman

Edited by:

Skerdian Meta

Fact checked by:

Arslan Butt

Updated:

September 26, 2022

Written by:

Louis Schoeman

Featured SA Shares Writer and Forex Analyst.

I am an expert in brokerage safety, adept at spotting scam brokers in mere seconds. My guidance, rooted in my firsthand experience with brokers and an in-depth understanding of the regulatory framework, has safeguarded hundreds of users from fraudulent brokerage activities.

Edited by:

Skerdian Meta

Leading Analyst

Skerdian Meta FXL’s Heading Analyst is a professional Forex trader and market analyst and has been actively engaged in market analysis for the past 10 years. Before becoming our leading analyst, Skerdian served as a trader and market analyst at Saxo Bank’s local branch, Aksioner, the forex division and traded small investor’s funds for two years.

Fact checked by:

Arslan Butt

Commodities & Indices Analyst

Arslan Butt, a financial expert with an MBA in Behavioral Finance, leads commodities and indices analysis. His experience as a senior analyst and market knowledge (including day trading) fuel his insightful work on cryptocurrency and forex markets, published in respected outlets like ForexCrunch.

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