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We conducted our test on the 11th of July via the live chat option, available at the bottom-right corner of the main page. We requested additional information pertaining to Libertex’s swap-free trading option. An agent connected almost instantaneously, and he provided a satisfactory answer fairly quickly. Stop orders are triggered when the price moves to a specific level, in which case they get transformed into market orders and filled at the best possible price. For instance, stop-loss orders are fixed at a specific price level, while trailing stops are placed at variance from the spot.

• The broker has a variety of major, minor and exotic currency pairs to trade.
• MT5 has some of the best trading features including but not limited to economic news, Expert Advisor, trading signals, advanced technical indicators, and an extensive selection of plugins.
• Each and every client is treated with the same respect and provided with simple and convenient trading platforms.
• We also ensure all reviews are published without moderation.
• When trading using the Libertex platform there is no spread but a small commission fee starting from 0.03%.

Libertex allows traders to fund their accounts via several different methods. The deposits and withdrawal processes are hassle-free, What more can the online traders ask for in an online broker. But the commission charges sometimes pose threats to the emerging popularity of the platform, which it will soon take care of in the coming future.

Always check the broker’s regulations, know how financially secure the firm is, and find out whether the broker is transparent and reliable. These factors, calculated into our score, will help you understand if your money is safe. Traders will immediately gain access to the Libertex live dashboard, to start trading on the Libertex platform. Only over 250 financial instruments are available on the platform. Deposits are commission free but you may be charged a commission for withdrawal depending on the payment method you choose, if you withdraw through Skrill or PayPal it’s commission free. Rates, terms, products and services on third-party websites are subject to change without notice.

Libertex’s Customer Support Test

The broker has a significant amount of FX pairs, stocks, and cryptocurrencies. Traders are afforded a sufficient variety of both low-risk and high-risk assets. While doing this Libertex Review, we came across various unknown facts that go in favor of this broker and tagging this platform as a legit one. There is no scope for doubts that can go against Libertex being a genuine broker that serves its clients with all the facilities that they expect from an online broker like this. The registration is easy; practicing trading at no risk is made easy by the demo account feature of the platform.

In contrast, beginners are more likely to struggle to understand the general reasoning behind such developments from the broker’s topic-specific materials. Research options provided by brokers may not be seen as the most important feature for some traders, but they can give you an edge over the competition. Staying on top of important market news announcements and being aware of big themes can be very helpful. The rating system provides a clear picture of how well your broker fulfills this service. Similar to the web trader version of the platform, the mobile app has 10 different timeframes. These are used to study price action behaviour in the long term and short term.

Libertex have their very own proprietary trading platform which is very user friendly due to its simplicity and convenience. I had no problem navigating around the platform and was able to load charts, place and manage trades with relative ease. Through this sophisticated platform, you can get access to all of the tools you need for analysing charts and trading instruments including a great selection of Forex, Cryptos & CFDs.

Platforms and Tools

The easy layout of this platform is just wat i have been looking for. Full of all the information and tools I could look for in one place. I also really like the huge variety of stocks and such to choose from. The platform is user-friendly and easy to use, however, in terms of trading features and trading tools, the Libertex in-house trading platform is very basic. Deposits made by Visa or Mastercards are processed instantly. For withdrawal funds using Visa, a withdrawal fee of €1 per transaction is charged from the traders, and the processing requires a maximum of 5 days.

The easy-to-navigate design of the platform accommodates fast and precise order execution, while the many features of the platform afford traders an outlook on price action from multiple angles. Libertex demo accounts come with € in virtual money and can be accessed via web and mobile apps. When signing up for a demo account, users also sign up for a real account .

Libertex Regulations

We found Indication Investments Ltd. very stable and transparent. In addition to the multiple safety procedures it is mandated to comply with under CySEC regulation, information on the website is very clear and easy to digest. The entity’s licencing information and Legal Docs sections are pretty exhaustive, and there is even a Fraud Warning letting clients of the company know of clone firms pretending to be Libertex. The negative balance protection policy ensures traders’ losses cannot exceed their account balances. Traders working with Indication Investments Ltd. are protected against the possibility of incurring a negative balance.

There is an impressive selection of over 50+ technical indicators built in and graphical objects for analysing the charts. You can create and save chart templates for your trading strategies which makes it quick and easy to load them at a later date. Between 74-89% of retail investor accounts lose money when trading CFDs with this provider. 85.9% of retail investor accounts lose money when trading CFDs with this provider.

Platforms are where you trade, so they must be secure, fast, and accessible while offering you the tools you need to succeed. Each broker’s desktop, web, and mobile platforms are evaluated according to the order types, speed of execution, ease of use, and other ‘need to know’ features. Regarding its non-trading costs, Libertex charges an inactivity fee for dormant accounts on which no trades have been placed for a period of 180 calendar days. The broker does not charge anything for deposits, but withdrawals may be liable for a commission depending on the chosen payment method.

• Libertex’s trading insights are typically predicated on an upcoming economic release.
• I am not mistaken when I say that it is the best in the world.
• You should consider whether you understand how CFDs, FX or any of our other products work and whether you can afford to take the high risk of losing your money.
• Finally, you will be taken to the deposit page, where you can fund your account.
• MT4 has a large online community where users share different tools and ideas.

Trading Central streams real time trading signals and gives potential setups directly into the platform. I think this is an excellent software that gives all traders easy access to professional market analysis. It can literally save you thousands of hours from learning how to spot signals and staring at charts.

What is Libertex overall rating out of 10?

Regardless of whether the market is ranging or trending, traders can choose from a wide range of tools for all types of market environments. To make sense of the underlying price action, traders use chart tools to discern determinate price formations against the background market noise. Libertex provides decent offerings, though in a somewhat limited variety of trading instruments. Therefore, a deposit must be made before real trading begins, and the deposit must be made with the same name as used at the time of opening an account on Libertex. After the deposit has been made, the client needs to comply with all the verification processes, including “Know Your Customer” procedures.

Libertex also scored above average in the Fees category due to its competitive spreads. We used a retail Libertex account to test Libertex’s website, trading conditions, and the functionality of the Libertex platform – its web and mobile app versions. It is good for the newbie because it offers all the technical properties at a click. I have developed knowledge from the demo trading to get an opportunity for live trading. The company has garnered numerous awards and excels in the category of cryptocurrencies, but its other market instruments are also fairly limited when compared to many other brokers in the industry.

Deposits made via Neteller are free and instant, but the withdrawal fee of 1% is charged on the amount withdrawn and the processing times it takes can be a maximum of 24 hours. Here the minimum deposit is €100 that can be made via any of the payment solutions like Sofort, iDeal, rapid transfers, P24, etc. There are no processing fees attached to any of these payment solutions. The broker has a very basic choice of accounts to choose from. I like it when a broker gives us more choice like FXTM do as we all have different trading strategies that may require certain conditions.

Libertex Portfoliois a new kind of account on the Libertex platform that allows you to invest in stocks with zeroswaporcommission fees. There are fees and commissions charged on Libertex like the commission for trade, withdrawal fee and inactivity fee. Allows MetaTrader 4 and MetaTrader 5, which is almost non-existent in most of the trading platforms like Libertex. There are some amazing features that this online broker offers to its clients. TradingBrokers.com is for informational purposes only and not intended for distribution or use by any person where it would be contrary to local law or regulation. We do not provide financial advice, offer or make solicitation of any investments.

This is arguably its greatest drawback because traders are not afforded even basic charting tools to outline key support and resistance levels. The seamless design of Libertex’s platform makes it arguably easier to use than MT4 and MT5, however, it lacks some of the features available in its more popular counterparts. The broker also provides excellent customer support and a fair amount of analytical materials, scoring average in the Research category.

German Pick of the Week: DAX CFDs

This may impact how, where and which products / companies / services we review and write about. This page may not include all available products, all companies or all services. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. The company is aware of an unauthorized 3rd party individual by the name of Mark Fischer contacting its clients in Germany on behalf of a broker named “CCFD”. In as much as the company sympathizes with anyone who has lost money in this way, Libertex cannot accept any responsibility for a fraudulent solicitation of payment in its name. Libertex operates as a brand under the brokerage division of Indication Investments Ltd, which is part of theForex Club Group based in Russia.

In Libertex’s case, in addition to some discrepancies in the way the trading costs are structured, the biggest difference between the various account types lies in the underlying platform. Traders have to select between the ease of use of the Libertex platform and the practicality of the MT4 and MT5 platforms. The mobile app version of Libertex’s platform is just as sophisticated as its web trader counterpart. Generally, apps are not ideal for conducting probing technical analyses because they run on low-resolution devices. Libertex’s platform avoids this problem to a degree by being news-oriented rather than emphasising price action. The platform incorporates 43 different indicators separated into three categories – oscillators, volatility-based and trend-based.

Currency Conversion and Trade Limits

You can libertex overview to view area charts, candlestick charts, Heiken Ashi charts and line charts. Charts can be displayed on multiple timeframes from the one minute to one month. This website includes information about cryptocurrencies, contracts for difference and other financial instruments, and about brokers, exchanges and other entities trading in such instruments. Both cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. As a result, we found Libertex to be more suitable for advanced traders.

In our tests for the Trust category, we also cover factors relating to stability and transparency. Here, we focused on how long the broker has been in business, the company’s size, and how transparent they are in terms of readily available information. Listings that appear on this page and/or on this website are of products / companies / services from which this website may receive compensation.

Essentially, the broker lends the trader money so that the latter can open bigger-sized positions. The leverage multiplies the profits a trader generates from winning positions and losses incurred from failed trades. When we test a broker’s customer support team, we evaluate the agents’ knowledge of their own website, how long it takes them to respond to questions, and how detailed their answers are. Contracts for difference are derivatives used to speculate on the price of the underlying without physical delivery.

Indication https://forexhero.info/s Ltd. accepts traders who are citizens of countries within the European Economic Area and Switzerland. Step 1 – To register an account with the entity, click the ‘Sign Up’ button that is found at the top-right corner of the main page. You will have to provide an email address and choose a password. It goes against our guidelines to offer incentives for reviews.

These tools can be very useful to assist with technical and fundamental analysis to spot potential market movements. I think most of you will be able to get by with the platform tools, but for those who want to push the boundaries of their trading, Markets.com have an even greater selection. The Libertex platform supports the fantastic Trading Central which is a third-party market analysis tool.

MT4 is one of the most widely recognised and used trading platforms by traders all across the globe. It is well known for its user-friendly interface and built in trading tools. It is simple enough to use for novice traders whilst providing enough functionality for the more advanced traders. I like how the platform can be fully customised depending on how simplistic or complicated you need it to be. The possibilities are endless in terms of market analysis and trading strategies. The broker offers a reasonable amount of CFDs, while some of the available instruments can be traded as CFD options.