Our Libertex account types review allows traders to make an informed decision before opening a Libertex trading account.
Libertex Account Types Overview
Libertex Account Types Features | Libertex Account Types Details |
|---|---|
Minimum Deposit | $10 |
Minimum Forex Spreads | 0.0 pips |
Commissions | Undisclosed |
Rebate Program | No |
Maximum Leverage | 1:999 (dependent on the subsidiary, account type, and asset) |
Order Execution Model | Market Maker |
Minimum Trade Size | 0.01 lots |
Algorithmic Trading | Yes |
Copy Trading | Yes |
Mobile Trading | Yes |
VPS Trading | No |
API Trading | No |
Noteworthy:
- The Libertex trading environment competitiveness and available products/services depend on the operating subsidiary.
Libertex Account Types
Traders at Libertex get one account type, Libertex CFD, and Libertex recently added a dedicated option for investors, Libertex Portfolio. The US Dollar is the only account base currency for non-EU traders, who can opt for a Euro Libertex account type.
Libertex CFD Account
The Libertex CFD account caters to CFD traders and requires a Libertex minimum deposit of $10 with asset-dependent leverage, which maxes out at 1:999 for major currency pairs.
Libertex Portfolio Account
The Libertex Portfolio account is an unleveraged investment account. There are no trading fees except for the spread, and investors can buy fractional shares from 0.01 shares. The Libertex minimum deposit is $10, and it is an ideal offer for investors with small portfolios who seek a long-term growth and dividend strategy.
Libertex Professional Account
EU-based traders can apply for a professional account but must meet two of three qualification criteria. It is the byproduct of the 2018 ESMA regulatory changes, and despite its misleading label, it provides identical trading conditions to what international traders receive.
Libertex Islamic Account
Libertex does not offer a swap-free Islamic trading account, but the Libertex Portfolio alternative for investors complies with Sharia law.
How to Open a Libertex Account - Step by Step
International traders can open a Libertex account via a swift online application. EU-based traders get a multi-step alternative dictated by the ESMA, which includes a questionnaire and additional data collection.
Below is a step-by-step guide on how to open your Libertex trading account:
- Go to the Libertex website and click “Sign Up” in the top right corner.
- Submit your e-mail, preferred password, and valid mobile phone number, and click “Sign Up.”
- Traders will get immediate access to the Libertex dashboard and web-based trading platform.
- Account verification is mandatory. Most traders will pass it after uploading a copy of their government-issued ID and one proof of residency document.
- Finally, making the Libertex minimum deposit completes the process. Libertex will e-mail a confirmation, which includes account login details.
Noteworthy:
- Geographic restrictions for applicants apply, meaning EU-based traders must open an account with the CySEC-regulated subsidiary.
Restricted countries:
The international Libertex subsidiary does not accept traders from the below countries, which induced EU countries, as they must trade with the CySEC subsidiary.
Libertex does not accept traders from:
Afghanistan | Algeria | American Samoa | Angola | Aruba |
|---|---|---|---|---|
Austria | Bangladesh | Belarus | Belgium | Bosnia and Herzegovina |
Brazil | Bulgaria | Burundi | Canada | Central African Republic |
Croatia | Cyprus | Czechia | Democratic Republic of the Congo | Denmark |
Egypt | Eritrea | Estonia | Finland | France |
Gabon | Germany | Great Britain | Greece | Guam |
Guinea | Guinea-Bissau | Haiti | Hungary | Iran |
Iraq | Ireland | Italy | Kuwait | Latvia |
Lebanon | Libya | Lithuania | Luxembourg | Mali |
Malta | Myanmar (Burma) | The Netherlands | Nicaragua | North Korea |
Northern Mariana Islands | Oman | Pakistan | Palestinian Territories | Poland |
Portugal | Romania | Russia | Senegal | Serbia |
Slovakia | Slovenia | Somalia | South Sudan | Spain |
Sri Lanka | Sudan | Sweden | Syria | Tunisia |
Uganda | United States of America | United States Virgin Islands | Yemen | Zimbabwe |
Libertex Account Features
Account features depend on the Libertex account type and the geographic location of traders.
Among the most competitive Libertex CFD account features are:
- Good choice of cryptocurrencies
- User-friendly back office
- Algorithmic and copy trading in MT4/MT5
- Unrestricted demo accounts
- Fractional share dealing from $20.
- Loyalty program
- Maximum leverage of 1:999 on major currency pairs
- Bonus for new non-EU traders of up to $200 in Apple, Google, or Tesla shares and $10 for the first cryptocurrency purchase
Among the most competitive Libertex Portfolio account features are:
- Fractional investment from 0.01 shares
- Commission-free trading
- Swap-free trading
- No inactivity fees.
Libertex Demo Account
Libertex offers traders one unlimited demo account on its proprietary web based Libertex trading platform and mobile app. While the default Libertex demo account balance is an excessive $50,000, traders can adjust it via the Libertex dashboard.
Conclusion:
- Beginners may assess the Libertex trading conditions and platforms.
- Manual traders can evaluate, tweak, and try new strategies.
- Beginner traders should consider limitations like the absence of exposure to trading psychology.
Libertex Account Pros & Cons
Traders should consider the pros and cons of the Libertex account types. It allows traders to make the best decision for their trading requirements and compare Libertex to other brokers.
The pros of the Libertex account types are:
- Good choice of cryptocurrencies
- Unlimited demo account
- Long operational history dating back to 1997.
- Loyalty program for active traders
The cons of the Libertex account types are:
- Competitiveness depends on the operating subsidiary.
- Lack of pricing transparency
Bottom Line
Libertex account types consist of the CFD account for traders and the Portfolio account for investors. Both feature advantages tailored to relevant strategies. The former grants high leverage and algorithmic and copy trading via MT4/MT5, while the latter is a cash account without additional costs except for applicable spreads.
The minimum deposit of $10 ensures accessibility for all clients. Fractional share dealing is available in both Libertex account types, but the CFD option requires a minimum of $20 versus 0.01 shares for the Portfolio alternative. All non-EU traders must open a US Dollar base account.
Read more on Libertex in our up-to-date broker review. No, Libertex does not offer a swap-free Islamic account. No, Libertex offers bonuses but not a dedicated bonus account. The Libertex portfolio account offers competitive conditions for unleveraged long-term investors. Yes, the Libertex Portfolio account is a cash account. Libertex offers four account types. The Libertex minimum deposit is $10. The Libertex inactivity fee is $10 monthly after 90 days of account dormancy.FAQs
Does Libertex offer an Islamic account?
Does Libertex offer a bonus account?
Which account type is best at Libertex?
Does Libertex offer a cash account?
How many Libertex account types are there?
What is the minimum deposit for Libertex?
How much is the Libertex inactivity fee?