Review of Libertex

Libertex is a broker platform that lets you trade CFDs on all the leading asset classes. As a platform aimed at short term traders, it lets you speculate on the price of everything from forex to cryptocurrency.
By: Theodor Tonca
Theodor Tonca
Having worked for a decade as an analyst, investment partnership founder, and writer - Theodor is a keen sportsman. When not… read more.
Updated: Jun 4, 2021
2.5/5 Star rating
15 min read
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Libertex is a CFD trading platform. That means you can only use it to trade contracts for difference, which are notes that represent the price of an asset. Trading CFDs means speculating on whether that price is going to go up or down. Keep reading to learn more about them and whether you should sign up to Libertex.

Pros & Cons

Pros:

Wide variety of asset classes and instruments.
No spreads, low commissions and zero deposit fees.
Regulated broker with investor protection in certain jurisdictions for retail accounts
Low minimum deposit

Cons:

What can I do with Libertex?

With Libertex you can trade CFDs on all the leading asset classes, which includes forex, stocks, commodities, indices, and cryptocurrency. It’s a commission-only broker so offers very small spreads and high leverage, which makes it ideal for short term traders.

Libertex was founded in 1997, so it has plenty of experience, and lets you trade CFDs through a variety of platforms that operate on the web or can be downloaded onto your smartphone as a mobile app.

Libertex markets, assets, and options

What assets and products can you trade on Libertex.com?

Libertex allows trading in over 200 CFDs across various asset classes, including CFDs for forex (major and minor), cryptocurrencies, stock indices, commodities (agriculture and energy), and precious metals.

ProductOffering
Forex53
Cryptocurrency43
Stocks129
Indices23
ETFs11
Commodities11
Metals5
See all available assets >

What leverage trading options are there?

Libertex leverage differs between its two account types. Retail accounts get maximum leverage of only 1:30, while professional accounts get maximum leverage of up to 1:600. 

Note that leveraged trading is highly risky and is not recommended for beginners. Readers are recommended to use leverage with caution. 

Product (CFDs)Maximum leverageMargin
Forex 1:303.33%
Commodities1:1010%
Indices1:1010%
Stocks1:520%
ETFs1:520%
Metals1:520%
Cryptocurrency1:250%
See all leverage limits >

What are the spreads?

Libertex offers zero spreads. They are a commission only broker and do not make any money on spreads. Hence they claim to offer zero spreads on forex majors and other assets.

Fees, limits, and payment options on Libertex

What are the deposit and withdrawal fees, limits, and speeds?

Libertex offers a wide range of deposit options, but a limited range of withdrawal options. The broker does not charge any fees for deposits, but does charge varying fees for withdrawals. No limits on withdrawal or deposit are mentioned except for those imposed by the payment service provider.

There is a minimum deposit of 100 Euro in the first deposit after opening an account and 10 Euro for subsequent deposits thereafter.

Payment methodDepositWithdraw
Cards (Visa & MasterCard)
– min/max
– fees
– speed
Yes
100 Euro 
Free
1-2 business days
Yes
No limit
1 Euro
2-3 business days
Skrill
– min/max
– fees
– speed
Yes
100 Euro 
Free
Instant
Yes
No limit
1.45%, min 0.50 EUR 
Within 24 hours
SEPA/International Bank Wire
– min/max
– fees
– speed
Yes
100 Euro
Bank charges apply
3-5 business days
Yes
No limit
0.5%, Min 2 EUR, Max 10 EUR
3-5 business days
Neteller
– min/max
– fees
– speed
Yes
100 Euro
Free
Instant
Yes
No limit
1.45%, min 0.50 EUR 
Within 24 hours
Sofort
– min/max
– fees
– speed
Yes
100 Euro 
Free
Instant
No
GiroPay
– min/max
– fees
– speed
Yes
100 Euro 
Free
Instant
No
Trustly
– min/max
– fees
– speed
Yes
100 Euro 
Free
Instant
No
iDeal
– min/max
– fees
– speed
Yes
100 Euro
Free
Instant
No
Przelewy24
– min/max
– fees
– speed
Yes
100 Euro 
Free
Instant
No
RapidTransfer
– min/max
– fees
– speed
Yes
100 Euro 
Free
Instant
No
TeleIngreso
– min/max
– fees
– speed
Yes
100 Euro
Free
Instant
No
Neosurf
– min/max
– fees
– speed
Yes
100 Euro 
Free
Instant
No
See all payment options >

How much are Libertex fees and commissions?

Libertex is a commission only broker. It does not make money through spreads. Commissions are variable and are displayed at the time of opening a trade on the platform. They also charge a rollover free for overnight trades charged at 9 pm GMT. For forex, this rollover fee is tripled from Wednesday to Thursday and for other instruments from Friday to Monday.

Fee typeFee amountCommission
Trade commissionVariableVariable known at time of placing the trade
RolloverVariableVariable
Inactivity5 USD after 90 daysNone
See all fees and commissions >

Libertex trade sizes and limits

Libertex offers a minimum lot size of 0.01 lot – a micro lot. Max lot size restrictions are not available.

ProductMinimum tradeMaximum trade
Forex0.01 lotNo limit
Cryptocurrencies0.01 lotNo limit
Indices0.01 lotNo limit
Metals0.01 lotNo limit
Stocks0.01 lotNo limit
Commodities0.01 lotNo limit
ETFs0.01 lotNo limit
See all trading limits >

Libertex trading platform

What devices can I use Libertex on?

Libertex offers a choice of two platforms: The proprietary Libertex platform available as a web and mobile platform or the widely used MetaTrader 4 (MT4) available as a desktop and mobile platform. 

  • Desktop MT4 (Windows/Mac)
  • Web browser
  • Tablet
  • iOS mobile Device
  • Android mobile Device

Can I use Libertex in my country?

Libertex is a relatively new platform focused around South America in countries such as Argentina, Chile, Colombia, and portions of Asia and Africa. Select your country from the list below to see if it is available where you are.

Is Libertex available in my language?

Libertex is currently available in 7 languages: English, Spanish, German, French, Portuguese, Italian, and Polish.

How easy is it to use Libertex?

Libertex offers user friendly platforms and has FAQs available for general queries one might have. The onboarding process is on par with other brokers with step by step guidance and once onboard, one can choose and begin trading with one of the broker’s two platforms.

It is easy to trade on the go with the equally easy to navigate mobile app as well as the web browser based platform. The desktop based MetaTrader 4 is a well-known platform amongst the trading community and tutorials are available for those that have not had a chance to use it as yet.

Key features

Libertex provides simple, yet robust trading platforms with plenty of features and tools to get one started, such as the ones below. 

Low minimum deposit 

Libertex requires a first time minimum deposit of 100 EUR and then onwards only 10 EUR when you top up your account. This is amongst the lowest in the industry.

Commission only trading

Libertex floating commission trading charges allow the broker to maintain zero to negligible spreads, making it an attractive feature in terms of managing one’s cost and knowing exactly how much your trade will cost before placing your order.

Protection under Investors Compensation Scheme

Traders in certain regions are protected under the Cyprus Securities and Exchange Commission’s Investor Compensation Fund (ICF. This ensures protection and insurance of deposits in case Libertex permanently closed down one day without refunding deposit money. 

Security and regulation

Is Libertex safe?

Libertex keeps segregated accounts, which separate client funds from the broker’s own funds. It also encrypts all trades with 128-bit encryption to protect personal data.

Am I and my funds protected?

Libertex contributes to the Cyprus Securities and Exchange Commission’s Investor Compensation Fund (ICF), hence client funds are protected up to the maximum amount by the ICF, which is 20,000 Euro.

Is Libertex regulated?

Yes, Libertex is regulated by the Cyprus Securities & Exchange Commission (CySEC) as well as the Financial Sector Conduct Authority in South Africa (FSCA).

Do I have to verify my account with Libertex?

Yes, new clients have to verify their account information as Libertex is a licensed and regulated broker and verification is necessary for KYC purposes. The following documents are required: Proof of identity in the form of a valid passport or National ID card, proof of residence, such as a utility bill containing your name and address issued within the last six months.

Extra information

Educational resources 

Libertex has very little educational material available on its website with only a bare bones course on forex trading for beginners and a blog which provides a couple of articles on the market in general and how to use its trading platforms.

Tools and charting

Libertex offers the MetaTrader (MT4) and proprietary Libertex Platform. Both platforms give traders access to advanced trade indicators, alerts and news, as well as access to algorithmic and expert advisors allowing for traders across the skill board to manage and execute their trades with confidence.

Customer support

Libertex offers customer support via a dedicated support line available 24 hours, 5 days a week. In addition there is also a support email address and a web form where you can send queries to. For the most basic of questions, there is a support portal and FAQ section where a limited number of general queries are answered.

Our verdict

Libertex’s long history vouches for the quality and safety of the service provided. It is ideal for professional traders thanks to its high leverage of up to 1:600, and commission-only fee structure. 

There are risks, however. Commissions are linked to platform liquidity with no upper cap and so they can balloon during low liquidity periods. There is limited educational materials on the platform and it’s restricted in many countries around the world. It is a useful platform for professional traders in very specific places, but not for the average user elsewhere.

How to open an account with Libertex

  1. Click on the Register button and fill out the email & password fields before hitting the Register An Account button
  2. You will receive a questionnaire asking for personal information, background, and trading experience, complete this and submit it
  3. You will need to verify your account (per KYC protocols) by uploading the requisite primary and secondary ID documents before your account can go live
  4. Make your first deposit and start trading!
Who owns Libertex?
How does Libertex make money?
Do I have to pay tax on Libertex profits?
Does Libertex offer CFD trading?
How do I sell on Libertex?
How do I delete my Libertex account?
How can I short on Libertex?
What if I forget my account password?
Can I transfer from my Libertex account into my PayPal account?
What if Libertex closes down while I have open trades?
Can I access my full trading history on Libertex?
Can I pay in cryptocurrency with Libertex?
Does Libertex offer bonuses?

Fact-checking & references

Our editors fact-check all content to ensure compliance with our strict editorial policy. The information in this article is supported by the following reliable sources.

Risk disclaimer

Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research. The assets covered on this website, including stocks, cryptocurrencies, and commodities can be highly volatile and new investors often lose money. Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose. You should consider your own personal circumstances and take the time to explore all your options before making any investment. Read our risk disclaimer >

Theodor Tonca
Financial analyst
Having worked for a decade as an analyst, investment partnership founder, and writer - Theodor is a keen sportsman. When not working, he can most commonly… read more.

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