Libertex Review
๐ฒ Min Deposit $1
โ Year Established 1997
๐ผ Regulation
๐ก Min Position 0.01 lot
๐ Website libertex.org
๐ Country
โ Max Leverage 1:600
๐ฐ Bonus offers
๐ Free education
๐ Managed accounts
๐บ Vps
Libertex is a well-established broker since 1997. Libertex has headquarters in Cyprus, Mauritius, South Africa, Belarus and Russia. Libertex to provide their Forex/CFD trading services to global clients.
This broker has also been regulated by CySEC 164/12, FSC (Mauritius) ะก118023400, FSCA 47381 and NBRB (Belarus) 2.
Extensive Review
Libertex, previously known as FxClub (Forex Club) is a forex broker for retail traders. As of 2019, Libertex.org provides trading services for English-based clients, and the company is managed by Libertex International Company Limited in St. Vincent and the Grenadines. Meanwhile, fxclub.org continues to operate mainly for Russian clients.
Libertex Group claims to have a long-standing history since 1997. With more than 20 years in the financial market and online-trading industry, the broker is serving clients in over 110 countries around the globe. It operates under the regulation of the Cyprus Securities and Exchange Commission (CySEC) with CIF Licence number 164/12.
Traders with keen interest in MetaTrader5 can join Libertex and register for a special type of account labeled as MT5-Instant, with spreads starting from 0.6 pip, no commission, and maximum leverage of 1:500. MT5-Markets is also open for traders looking for market execution. The spread starts from 0.5 pips, but there is a minimum fee of $0.04. Meanwhile, the popular MetaTrader 4 platform can be accessed with an MT4 dedicated account. The trading specs are extremely familiar with MT5-Instant, so there's almost no need to compare the two accounts other than from their respective trading platform.
What sets Libertex apart from other brokers is its incentive to provide traders with a specific account type based on their proprietary platform called Libertex Mobile App. In this case, traders will automatically gain trading experience with market execution with a commission from 0.03% and a minimum trade volume from $10. However, the spread information for this particular account is mysteriously hidden.
Speaking of trading assets, Libertex does not only focus on forex. Thus, traders are also given the option of trading stocks, cryptocurrencies, metals, indices, agriculture products (in CFDs), Oil and gas, as well as ETFs. The various class assets come in handy with Libertex Mobile App, thus making the platform one of the rare mobile trading technology with so many cross-market instruments.
To sum up, Libertex is a forex broker identified as Libertex for English-speaking traders. The platform trading range is quite refreshing, but the difficulty in finding important details on payment methods and spreads give the broker bad reputation in term of transparency. However, trading in Libertex is quite ideal for new traders as the minimum deposit starts is relatively low. The optimized mobile app is also worth trying as it has its own trading specs that make it even more special.
Account Information
Apart from the forex demo account, this broker offers Libertex and Forex Club. To successfully navigate your trading account, you also need to consider about leverage and minimum deposit. Talking about leverage in general, the maximum leverage offered by Libertex is up to 1: 600. Meanwhile, you can open an account with a starting capital of $1.
Min Deposit
$1
Max Leverage
1:600
Spread
Fixed and Variable
Commission
$15
If you want to look for a more simple explanation regarding this broker's account type(s), take a look at the following chart:
๐ฒ Min Deposit $150
๐ก Min Position 0.01 lot
๐ข Spread Fixed
๐ Scalping
๐ค Expert Advisors
๐ธ Commission $15
Instruments Traded
Besides lots of currency pair, Libertex also offers some instruments you would like to trade on, such as Forex, Gold & silver, CFD, Oil, Stocks, Agriculture, Metals and Crypto for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.
As for Libertex account, Libertex specifically provides it with the following instruments and leverage:
Forex
1:500
Gold & silver
1:100
Agriculture
1:100
Metals
1:100
Crypto
1:10
๐ฒ Min Deposit $1
๐ก Min Position 0.01 lot
๐ข Spread Variable
๐ Scalping
๐ค Expert Advisors
๐ฑ Hedging
๐ธ Commission
Instruments Traded
Besides lots of currency pair, Libertex also offers some instruments you would like to trade on, such as Forex, CFD, Indexes, Metals and Crypto for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.
As for Forex Club account, Libertex specifically provides it with the following instruments and leverage:
Payment Methods
Wire transfer : Wire Transfer is the most commonly used payment method. Nearly all brokers in the world provide this method on their service. The reason is wire transfer is basically traditional transfer between banks in the worldwide. So, this method is guaranteed for its safety. This really helps traders who avoid third-party payments or don't have credit cards.
WebMoney : WebMoney is one of the major online wallet services which many people use to send money around the world. For this reason, there is a large number of forex brokers that accept WebMoney today. Like other online payment services today, WebMoney is supported by mobile applications to make transactions more efficient.
Skrill : Mostly, all forex brokers provide Skrill as an online payment service option. Fast, easy, and safe transactions are the main reasons why traders using this method. Traders can use Skrill to fund their trading accounts with either payment cards, bank wire transfers, or directly from a Skrill e-wallet account.
QIWI : Qiwi is an e-wallet or electronic payment service provider from Rusia that is introduced in 2007. The service is mainly used by individuals and businesses in Russia, Ukraine, Kazakhstan, Moldova, Belarus, Romania, the US, and the UAE.
Neteller : Like PayPal, Neteller is one of the most popular online payment services today. Due to this popularity, nearly all forex brokers accept Neteller as a payment method for their clients' fund deposit and withdrawal. Although the Neteller system is available almost all over the world, it remains particularly popular in Europe.
Libertex also provides payment with Credit/debit cards and YooMoney
Trading Platforms
Trading platform is a tool where you can buy or trade an instrument with only some clicks on your device, anytime and anywhere you want. In addition, price chart is also usually provided with some analytical tools to help you analyze the price movement, so you can increase your profitabiliy by placing well-planned trades.
Hereby, Libertex offers you MetaTrader 4, MetaTrader 5 and Libertex.
Customer Support
Do you have any question or find any trouble related to Libertex? If you do, you should reach Libertex's support to get the information that you need. Here is the detail of the broker's customer support:
Website Languages
Office Support
Email Support
Call Support
Chat Support
FAQ About Libertex
A good broker constitutes a good service for traders in terms of many criteria including trading instruments, deposits and withdrawals, as well as customer support. What is good for a certain trader does not necessarily mean the same thing to you. So the term "a good broker" can vary in meaning. You can decide for yourself if Libertex is a good broker for you or not by reviewing the criteria. In general, Libertex provides trading service in Forex , Gold & silver , CFD , Oil , Stocks , Agriculture , Metals , Crypto and Indexes . As for the payment methods, you can choose between Credit/debit cards, Neteller, QIWI, Skrill, WebMoney, Wire transfer and YooMoney. The customer support is available via Live chat, Office, Phone and Web form.
The starting capital in Libertex is $$1.
Libertex is regulated by CySEC 164/12, FSC (Mauritius) ะก118023400, FSCA 47381 and NBRB (Belarus) 2. A regulated broker equals a more responsible trading environment. You can also expect a more guaranteed safety of funds as some of regulatory frameworks in the financial industry require a compensation scheme in case of unprecedented incidents that result in clients' financial losses.
Libertex is a brokerage company offering trading services for clients since 1997 with offices in Cyprus, Mauritius, South Africa, Belarus and Russia.
