Libertex is a broker based in Cyprus and is a member of Libertex Group, operating since 1997. Libertex is a regulated Broker by Cyprus Securities and Exchange Commission, with CySEC license 164/12, and uses its Libertex trading platform with more than 2.2M customers in different countries. I conducted a review of this broker to determine its trading conditions. Should you trust Libertex?
Member of Libertex Group with 25 years of operations
Trading course for beginner traders
Various deposit methods
Pricing transparency at https://libertex.com/specification
€10 monthly inactivity fee after 180 days on portfolios below €5,000
A CySEC-licensed CFD Broker with Commission-Free Cryptocurrency CFD Trading
Headquarters Cyprus Regulated CySEC Year Established 1997 Execution Type Market Maker Minimum Deposit 100€ Trading Platforms(s) MetaTrader 4, MetaTrader 5, Web-based Signals US Persons Accepted? Islamic Account Segregated Account Managed Accounts Support Hours Monday to Friday 9-19 Customer Support Demo Account Retail Loss Rate 62.20% Minimum Raw Spreads Not applicable Minimum Standard Spreads 0.1 pips Minimum Commission for Forex 0.0003% Commission for CFDs/DMA Cashback Rebates Deposit Fee Withdrawal Fee Funding Methods 17(bank wires, credit/debit cards, PayPal, Sofort, iDeal, Trustly, Paysafe Card, Skrill, Giro Pay, SEPA, Jeton, Multibanco, P24, Blik, Rapid, eService, Neteller, and Teleingreso.)
I like the cryptocurrency CFDs selection and the competitive commission-free trading crypto CFDs environment at Libertex. Beginner traders get educational materials, and I recommend they consider them.
Libertex Main Features
Retail Loss Rate
Minimum Raw Spreads
Minimum Standard Spreads
Minimum Commission for Forex
Commission for CFDs/DMA
0.0003%(Crypto CFDs commision free)
$10 monthly after 180 days
Yes (PayPal and Skrill free of charge)
Libertex Regulation and Security
I always recommend traders to check for regulation and verify it with the regulator by checking the provided license with their database.
Country of the Regulator
Name of the Regulator
Regulatory License Number
Cyprus Securities and Exchange Commission
License Number 164/12
Is Libertex Legit and Safe?
Libertex segregates client deposits from corporate funds and offering negative balance protection. It complies with the Financial Instruments Directive 2014/65/EU or MiFID II and the EU 5th Anti-Money Laundering Directive.
The Libertex platform has over 2.2 million traders from various countries. It has stood the test of time.
I rank trading costs among the most defining aspects when evaluating an exchange, as they directly impact profitability. Libertex offers Forex spreads from 0.1 pips or $1.00 per standard lot. Minimum CFD commissions are 0.0003%, and cryptocurrency CFDs remain commission-free.
One of the most ignored trading costs is swap rates on leveraged overnight positions. Depending on the trading strategy, it may become the most significant fee per trade. I always recommend that traders check them before evaluating the total trading costs.
MT4/MT5 traders can access swap rates from their platform by following these steps:
1. Right-click on the desired symbol in the Market Watch window and select Specification.
2. Scroll down until you see Swap Long and Swap Short.
Range of Assets
Libertex offers CFDs on 50 currency pairs, 73 cryptocurrency pairs, 17 commodities, 26 indices, 132 equity, and ten ETFs. The underlying assets selection is typical, except for cryptocurrencies CFDs, where Libertex ranks among the top 20 in the industry. It also features a commission-free investment account ideal for long-term investors seeking to build dividend-paying portfolios via share purchases.
Libertex grants maximum leverage up to 1:30, which I find competitive for active traders, as it expands the flexibility of traders. Negative balance protection exists, an essential tool for leveraged trading.
Libertex Trading Hours
You can trade CFDs 24/7 with Libertex.
I recommend the following step for MT4/MT5 traders to access trading hours:
1. Right-click on the desired symbol in the Market Watch window and select Specification.
2. Scroll down until you see Sessions.
I like that Libertex treats all traders equally. Each one gets the same account type and trading conditions, and there is no upgrade for more substantial deposits. Note that the minimum deposit is only EUR 100.
Libertex Demo Account
Traders may open a demo account directly from the MT4/MT5 trading platforms, and I did not find a time limit or any other restrictions, which is good.
Traders can use the MT4/MT5 trading platforms or Libertex Platform, web-based and mobile alternatives. Unfortunately, Libertex does not offer any add-ons for MT4/MT5. MT4 remains the market leader for algorithmic trading, and MT4/MT5 has an integrated copy trading system. The Libertex trading platform features a user-friendly interface. I like the information provided for each underlying asset.
Overview of Trading Platforms
|Guaranteed Limit Orders|
|Interest on Margin|
|Guaranteed Stop Loss|
I want to single out the competitive commission-free pricing for the crypto CFDs environment and the cryptocurrency CFDs selection at Libertex.
Research and Education
Libertex introduced a research and market reviews section but only has three articles. At the time this review was written, no research. Given the abundance of free and paid-for providers online, I do not consider the absence a negative, but it is provided by many competitors.
Beginner traders get written educational content, usually published on the Libertex blog. Libertex hosted webinars, but the last one was two years ago, and regrettably, it does not grant access to past ones. I recommend beginners seek their education from trusted third-party sources available online free of charge.
|Support Hours||Monday to Friday 9-19|
Customer support is available via e-mail and phone. The FAQ section answers a range of questions, and Libertex states its response time as one business day for e-mail queries. A separate help and support section exists, but the separation from the FAQ section is not ideal. A direct line to the finance department would be an improvement.
Bonuses and Promotions
Libertex neither offers bonuses nor hosts promotions, which CySEC has prohibited since 2018. Libertex maintains a CPA-based affiliate program.
Libertex has received 40+ industry awards from well-respected sources. They are a statement of the ongoing efforts by Libertex to maintain a competitive edge for its clients.
- Best Trading Platform - World Finance 2020
- Best FX Broker Europe - FX Report Awards 2020
- Best Trading Platform - FX Report Awards 2020
- Best Trading Platform - European CEO Awards 2020
- Most Trusted Broker Europe - Ultimate FinTech Awards 2021
- Best FX Broker - European CEO Awards 2021
- Best Trading Platform - FX Report Awards 2021
- Best CFD Broker Europe - Global Brands Magazine 2022
Opening an Account
Opening an account at Libertex requires only a valid e-mail. This grants access to the back office, where traders must confirm their e-mail, phone number, and trading account. Traders must send a copy of their ID and one proof of residency document to pass AML/KYC regulations.
CySEC introduced an unnecessary questionnaire, which serves no other purpose than collecting data. There is no verification of responses necessary, and traders may answer at will, making it a nuisance and granting the regulator a good feeling about the regulatory environment. This is a regulatory requirement and nothing to do with Libertex.
The minimum deposit at Libertex is only €100. I like the flexibility Libertex grants traders when constructing their deposit and portfolio-building strategies.
Libertex accepts bank wires, credit/debit cards, PayPal, Sofort, iDeal, Trustly, Paysafe Card, Skrill, Giro Pay, SEPA, Jeton, Multibanco, P24, Blik, Rapid, eService, Neteller, and Teleingreso.
Libertex caters to most international traders but does not accept clients resident in the USA or the UK.
Deposits and Withdrawals
The secure Libertex back office handles all financial transactions.
Libertex does not charge internal deposit fees, but applies withdrawal costs on several payment processors, and traders should also consider any applicable third-party charges. The minimum deposit required to open an account is €100. Processing times vary from instant to five business days, payment processor dependent.
Only verified accounts may request withdrawals, and they must revert to the deposit method, with any access available via bank wires. Not all options are available to every trader, dependent on their geographic location.
Is Libertex a good broker?
I like the trading experience at Libertex due to its competitive, commission-free trading costs for Crypto CFD trading and its superb cryptocurrency CFDs selection. It is a CySEC regulated broker with a great reputation and years of experience working in a range of different countries.