Libertex Review 2023: Scam Or Safe? Uncovered Pros & Cons

In 2023, Libertex continues to remain a top contender in the online trading space. The broker has consistently proven its ability to adapt to changing market conditions, offering traders access to an array of trading instruments and innovative trading platforms. Seeing this positive response, we decided to evaluate the broker through our detailed Libertex Review 2023 to know what makes it stand out from other online brokers.

Firstly, it impresses us with its proven track record and long history. The broker has been operating in the Forex industry since 1997. And over the years, it has been felicitated with several industry awards.

Meanwhile, its range of product offerings, low spreads, and generous bonuses are some of the few reasons to put it on the list of the best Forex brokers in the world.

However, our Libertex review won’t be solely based on these aspects. Rather, we will take on every aspect of the platform to help you decide whether it is worth your deposit and time.

Therefore, this in-depth Libertex Review 2023 will help you comprehensively understand its services, fees, trading conditions, and platform functionality – its web and mobile app versions.

Libertex At A Glance

Founded in 1997 by Forex Club International LLC and MAEX LIMITED.
Regulated by the Cyprus Securities and Exchange Commission (CySEC) and a member of the Investor Compensation Fund (ICF).
Offers commission-free trading, making it an affordable choice for traders.
Offers real-time market analysis and news to help traders make more informed trading decisions.
Provides a range of risk management tools, including stop loss and take profit orders and a negative balance protection policy.
Accepts a range of payment methods, including credit/debit cards, bank transfers, and e-wallets
Has won multiple awards for its trading platform and services, including Best Trading Platform (2016), Best Crypto Currencies Broker (2017), and Best Trading Application (2019).

What Is Libertex Trading?

Libertex is an award-winning broker offering 250+ underlying assets across all major financial markets. Operating for over two decades, the platform has managed to onboard millions of active clients.

The platform is owned and operated by Libertex International Company LLC. Meanwhile, the website – www.libertex.org is managed by Forex Club International LLC and MAEX LIMITED.

For its outstanding customer service and innovative product offerings, the broker has won 40+ international awards from several financial magazines and institutions, including

FX Report Awards 2022
Most Trusted Broker LATAM 2022
Best Crypto CFDs Broker 2022
Best CFD Broker Europe 2022
Most Trusted Broker 2021

Apart from awards & recognition, the platform has succeeded in expanding its global presence in 120+ countries across the globe. And it also sponsors the Tottenham Hotspur FC team.

And as per our detailed Libertex review, the platform’s generous bonuses, advanced trading terminals, and features like interest on deposits & Crypto mining are the reasons behind its vast success.

Is Libertex Scam Or Safe?

No, Libertex is not a scam; in fact, it is one of the most legit and safest Forex brokers in the world. Firstly, it is a registered financial services provider company in St. Vincent and the Grenadines (Registration No. 1277 LLC 2021).

Secondly, it complies with the regulations of the Cyprus Securities & Exchange Commission (CySEC) and Financial Services Commission (FSC), Mauritius.

Additionally, when we were collecting data for this detailed Libertex review 2023, we didn’t find a single scam-related complaint about the broker on the internet, which increases trust in the platform’s new users.

After considering the points mentioned above and our findings based on the unbiased Libertex Review 2023, it is clear that Libertex is legit and is not a scam.

Is Libertex Secure?

Yes, Libertex is a secure trading platform adhering to strict financial and legal requirements, which include safeguarding user funds and data. Here’s a list of the platform’s safety features:

The platform uses SSL encryption to secure user data and transactions.
The platform implements a two-factor authentication (2FA) feature to provide an additional layer of security.
Libertex has strict financial and legal requirements to safeguard user funds and data.
The platform regularly updates its security measures to protect against new threats.
Users should also use responsible trading practices and keep their account credentials safe to prevent unauthorized access.

What Are Financial Instruments Available On Libertex?

The platform’s product offering is worth considering if you’re looking for a complete multi-asset trading platform. Based on findings from detailed Libertex Review 2023, the list of available trading instruments is comparatively higher than the brokers we have reviewed so far.

Let’s have a look at what you can trade on the platform:

Stocks

Medical cannabis: Tilray Inc., Canopy Growth Corp, etc.
Automobile industries: Ferrari, Tesla, Porsche, etc.
CONSUMER GOODS & SERVICES: Nike, Coca-Cola, McDonald’s, etc.
Healthcare: Johnson & Johnson, Pfizer, etc.
Finance: Bank Of America, JP Morgan, American Express, etc.
Industries: Boeing, Caterpillar, General Electrics, etc.
Telecommunications: AT&T, Verizon Communications, and China Mobile.
Technologies: Google, Facebook, Apple, etc.

Cryptocurrencies

Bitcoin
BTC/USD
ETHEREUM
XRP
Bitcoin Cash
LTC/BTC
ETH/BTC
Bitcoin Gold
Ethereum Classic
Cardano

Forex

Major Currency Pairs – EUR/USD, GBP/USD, USD/JPY, etc.
Crosses – EUR/JPY, GBP/CHF, GBP, JPY, etc.
Exotic – CHF/SGD, USD/SGD, USD/SEK, etc.
Russian Rouble – USD/RUB & EUR/RUB.

Commodities

Metals – Gold, Silver, Palladium, etc.
Agriculture – Corn, Wheat, Soybean, etc.
Oil & Gas – Brent Crude Oil, WTI Crude Oil, Heating Oil, etc.

Indices

North America – US SPX 500, US DJ 30, U.S. Dollar Index Future, etc.
Europe – DAX, FTSE 100, EURO STOXX 50, etc.
Asia – Hang Seng Index, China A50 & Vietnam Index.
Middle East – Israel 35
South America – Chile Index

ETFs

iShares Core U.S. Aggregate Bond ETF
iShares MSCI Germany ETF
Vanguard FTSE Europe ETF
iShares Latin America 40 ETF
SPDR S&P 500 ETF Trust

Libertex Fees & Spreads

The Libertex fees are classified into two categories: Spreads and Commissions. While the minimum spreads start from 0.00%, commission charges depend on your trading lots. Apart from this, there are no hidden monthly charges.

Moreover, the deposits are free, and Libertex withdrawal fees are waived for PayPal and Skrill. However, other payment methods may charge a specific fee for their transactional services.

On the other hand, there is a minimum account maintenance charge (Inactivity fee) of $10 for accounts that remained inactive for 180 calendar days (i.e., if there is no trading, no open positions, no withdrawals or deposits). Meanwhile, there are no Swap fees for overnight opened positions.

According to our findings from Libertex Review 2023, the platform’s fee is in accordance with global industry standards.

Libertex Trading Platforms & Specifications

The trading platforms offered by the broker are exceptionally excellent; in the sense that they are simple yet advanced, making them best suited for beginners & professional traders.

The easy-to-navigate user interfaces and click responsiveness of both desktop and mobile apps are way too good than our expectations. Additionally, we have compiled a list of features of these platforms to make it clear which one suits your experience better.

Libertex MT4

21+ Chart timeframes
30+ Technical indicators
Trading robots with access to Expert Advisors (EAs)
4 types of pending orders, 3 order execution types
Real-time quotes in Market Watch
One-click trading
Historical data

MetaTrader5 (MT5)

35+ time-frames
40 technical indicators
Automated trading bots
Financial news
Economic calendar
Real-time quotes in Market Watch
6 types of pending orders, 4 order execution types
One-click trading
Advanced Market Depth
Historical data

Libertex App

Easily Accessible Through Any Web Browser
21 time-frames, 38 technical indicators
Advanced Market Depth
Financial news
Economic calendar
Real-time quotes in Market Watch
Historical data
Automated trading bots
6 types of pending orders, 4 order execution types
One-click trading

Libertex Review: Pros & Cons

Pros	Cons
Generous Bonuses On Sign Up & Deposits	Limited Account Offering
24×7 Professional Customer Support
Hassle-free & Quick Sign Up
Advanced Trading Platforms & Simplified User Interface
Extensive Range Of Available Markets

Libertex Accounts Overview

Along with a free demo account, the platform offers two account types: Libertex Portfolio and CFD Accounts. The Libertex portfolio account is better for long-term investors looking to invest in stocks with zero commission.

Meanwhile, the Libertex CFD account gives direct exposure to the financial markets. The leverage offered is up to 1:500, which works like a multiplier for your profits.

Conversely, a Libertex demo account is a free-to-use tool for both beginners and professional traders alike. Moreover, it comes with free virtual funding of $50,000, eliminating the risk of losing your real money.

You can practice on a demo account, testify your new trading strategies, and get familiar with the trading platforms.

How To Open Libertex Live Trading Account?

Signing up for a new account is easy and doesn’t take long to activate. The best part we came across while writing this detailed Libertex review is you can register with your e-mail address and mobile number.

Follow these simple steps to understand how to open an account on Libertex:

First, fill in the E-mail and Password fields in the sign-up box. Alternatively, you can sign up with your Facebook account details.
After signing up, you will have to complete a questionnaire regarding your prior trading experience.
Following that, verify your account by uploading a scanned copy of a government-issued identity document like an electricity bill or property tax as proof of residence. The verification process may take 3-5 days to complete.
Once the verification process completes, sign in to your account using the Libertex login credentials and make the first deposit to start trading on the platform.

How To Deposit Funds Into Libertex Account?

To deposit funds in your account, follow these simple steps:

Sign in to your account with your username and password.
Click on your profile icon in the upper right corner, click ‘Fund Your Account,’ select your preferred payment method, and click Continue.
After carefully checking the details, click Deposit. When depositing funds in your account, ensure you have entered the account number correctly.

How To Withdraw Money From Libertex?

To withdraw your funds, follow these steps:

In the web-based trading platform, log in to your account and navigate to the Withdraw section.
Then, select New Request > Wire Transfer > Withdraw.
On the Libertex app, select Wallet > Withdraw Funds.

Libertex Payment Methods

The deposits and withdrawal methods supported by the platform is not just limited to bank transfers or credit card payment. You can also make payments through popular e-wallets, including

Skrill
Sofort
GiroPay
Trustly
iDEAL
Paypal
P24
Multibanco
Neteller
Rapid Transfer, etc.

Libertex Minimum Withdrawal/Deposit

There is no set limit for withdrawals; however, the minimum deposit requirements are set at $10. But to claim welcome bonuses, you must deposit at least $250.

Libertex Leverage & Margin Requirement

The broker offers a good leverage ratio to its users. However, the amount of leverage available varies depending on the financial instrument being traded and the user’s trading account type.

For example, the maximum leverage available for forex trading on Libertex is up to 1:30 for retail clients and up to 1:600 for professional clients. For stocks, the leverage can range from 1:2 to 1:10, depending on the specific stock being traded.

Why Choose Libertex?

During our research for Libertex Review 2023, we discovered several reasons why you might choose Libertex as your trading partner.

Rich Educational & Research Support

The broker has made itself stand out in terms of offering good educational and research support. The tools are evenly straightforward and advanced. There are plenty of educational articles & blogs available. In addition to that, the following tools complete the profile of a newbie on the platform.

Blog
News
Education
FAQ
Economic calendar

Libertex Bonus, Offers & Promotions

The bonuses and discount offers are something very exceptional in the Forex industry. Only a few brokers offer a good deal of bonuses & promotional programs; Libertex is among them.

The ongoing offers on the platform include a lucky draw, a 100% welcome deposit bonus, crypto mining and interest on deposits. Let’s understand them briefly:

Partnership Programme

The broker welcomes global partners to be part of its ecosystem and get rewarded with the Industry-best payouts. Currently, it is running introducing brokers (IB) program campaign. It offers up to $1200 commission on each referral and 50% of the gross revenue each time a client makes a trade.

Libertex Customer Service

As far as this detailed Libertex Review 2023 is considered, a dedicated help centre offered by the broker is an impressive step. Customer support is above excellence. The executives are available 24×7 to answer your calls & e-mails. You can also fill out the feedback form for suggestions to improve the services.

Here’s how you can contact customer support:

Libertex Phone Number – 357-22-25100
E-mail – help@libertex.com

Key Takeaways & Final Verdict On Libertex Review 2023

Overall, the generous welcome bonus & hassle-free sign-ups are the standout features of Libertex’s trading experience. The user interface gives the platform an engaging, collaborative feel. The low-cost trading further expands the range of users using the platform’s services.

Access to advanced charting & technical analysis tools also attracts investors who prioritize these aspects. Overall, this detailed Libertex Review 2023 indicates the broker is highly recommended & best in its own way. So open your free Libertex Account Today!

Key Takeaways Of Libertex Review 2023:

The platform is best suited for both beginner & professional traders.
The minimum deposit is $10 to start trading on the platform.
You can use the free demo account and access $50,000 in virtual funds.
The 24×7 customer support responsiveness is appreciable.

FAQs

Who Owns Libertex?

The platform is owned and operated by Libertex International Company LLC. Meanwhile, the website – www.libertex.org is managed by Forex Club International LLC and MAEX LIMITED.

Does Libertex Have Copy Trading?

No, the broker currently doesn’t offer copy trading features; however, it states to incorporate this feature in the coming months.

Is Libertex Available In The USA?

No, the broker restricts services in the USA, Russia, Japan, Brazil and some European Union countries identified by FATF as high risk.

Which Forex Broker Is Best For Beginners?

Liberetex’s trading conditions, low-cost trading, free demo account and simple trading platforms makes it the best Forex broker for beginners.

What Can You Trade On Libertex?

You can trade 250+ underlying assets from financial markets, including Forex, Commodities, Cryptocurrencies, Indices and ETFs.

Where Is Libertex?

It is a St. Vincent and the Grenadines-based broker offering services in European, Asian and African Countries.

What Are Your Libertex Experiences?

The generous welcome bonus & hassle-free sign-ups are the standout features of Libertex’s trading experience. The user interface gives the platform an engaging, collaborative feel. The low-cost trading further expands the range of users using the platform’s services.

How To Delete Libertex Account?

to permanently delete your trading account, contact the customer support executive through Email or phone. Remember to add a valid reason behind your decision.

What Is Libertex App Download Process?

The Libertex app can be downloaded for free from both the App Store for iOS devices and the Google Play Store for Android devices. Here are the steps to download the app:

For iOS devices:

Open the App Store on your iOS device.
Search for “Libertex” in the search bar at the bottom of the screen.
Find the Libertex app and click on the “Get” button to download the app.
Follow the on-screen instructions to install the app on your device.

For Android devices:

Open the Google Play Store on your Android device.
Search for “Libertex” in the search bar at the top of the screen.
Find the Libertex app and click on the “Install” button to download the app.
Follow the on-screen instructions to install the app on your device.

How Safe Is Libertex?

It is the safest Forex broker in the world. And there are reasons why it is not a scam broker. Firstly, it is a registered financial services provider company in St. Vincent and the Grenadines (Registration No. 1277 LLC 2021).

How Can You Place Your First Trade On Libertex?

Upon registering for a live account, you might be wondering & excited to place your first trade. Here’s a simple step-by-step guide for the same.

Choose your trade amount.
To open your trade position, click on Buy or Sell.
Upon buying, you can monitor your positions in the Active Trades section.
Close your trade to lock in your potential profit/losses.

What Do I Do If I Forget My Libertex Login?

If you forget your Libertex login details, you can click on the “Forgot your password?” link on the login page and follow the instructions to reset your password. You will need to enter the email address associated with your Libertex account to receive instructions on resetting your password.

Where Is Libertex Headquarters?

The headquarters of Libertex is located in Limassol, Cyprus. The full address is: Libertex Group, Agias Fylaxeos & Amisou 2, 4th floor, CY-3025 Limassol, Cyprus.

What Is The Minimum Deposit For Libertex?

The minimum deposit for the broker depends on the payment method used to fund your account. Here are the minimum deposit amounts for each payment method:

Credit/Debit Cards: $10 or equivalent in your account currency.
Bank Transfers: $100 or equivalent in your account currency.
E-wallets (such as Skrill, Neteller, and others): $2 or equivalent in your account currency.

What Type Of Broker Is Libertex?

Libertex is a market maker broker, which means that it creates a market for its clients to trade financial instruments. As a market maker, the broker quotes its own prices for financial instruments rather than relying on an external exchange or liquidity provider.

Is Libertex A Good Broker?

Libertex can be a good broker for traders who value a user-friendly trading platform and educational resources.

Who Is The CEO Of Libertex?

The CEO of Libertex is Michael Geiger. He has been with Libertex since 2001 and has played a key role in the company’s growth and success.

Is Libertex Commission Free?

Yes, Libertex is a commission-free broker. Instead of charging commissions on trades, Libertex earns its revenue through the spreads.

Is Libertex A Regulated Broker?

Yes, Libertex is a regulated broker. It is regulated by several financial authorities, including the Cyprus Securities and Exchange Commission (CySEC) and the Financial Conduct Authority (FCA) in the UK.

How Many People Use Libertex?

It is not publicly known how many people use Libertex, as the company does not disclose this information. However, Libertex is a popular online trading platform that has won multiple awards and has a strong reputation in the industry, indicating that it has a significant user base.