Libertex Review

Libertex is part of Indication Investments, part of the wider Forex Club Group. It is based in Limassol, Cyprus and as such is subject to regulation by the Cyprus Securities and Exchange Commission - or CySEC. It has amassed over 2million clients since its inception in 1997. Those customers live in 27 different countries. 

Its main draw to all those customers is the sheer amount of CFD instruments it covers. Customers can trade in currencies, stocks, ETFs, Cryptocurrencies, Indices and Commodities - so the company cover a lot of ground from just one platform and account opening process. With so many years since it has been founded, customers find the company a reliable place to make trades and investment decisions. 

Libertex does not charge a monthly subscription fee and the fees it does charge are only commissions on each trade. Unlike some trading platforms, it does not charge fees on spreads. Customers can expect to pay between 0.1% and 0.2% commission on stock trades and up to 2.5% on cryptocurrencies. There is a wide range of price structure on trades over the whole suite of asset classes. 

“A Cypriot based trading arm of Indication Investments, Libertex has over 2million customers in almost 30 countries. ”

Libertex’s platform is accessed through the web or a mobile app. While the platform itself is developed by Libertex itself, customers can also use MetaTrader4 should they prefer. The platform is customisable according to a user’s needs. 

The app and the web based platform, importantly, both provide the same features. Customers can therefore access the same functionality through whatever means they choose to place trades or access live data. 

Opening an account with Libertex is a quick and painless process. Additionally, customers can even open up a practice account initially so that they can get used to the platform’s features while their account is being verified. Once that has occurred, customers can choose from a variety of options for account or status level level. The higher the level the higher the commission discount. Additionally, the higher the level, the better the support and customer service you receive.

Libertex has a FAQ section that answers the most obvious of questions, however it also has a big emphasis on customer education. For example, they have an online beginners trading course so that customers can get to know the basics of trading in cryptocurrency and other asset classes through the company’s platform. If a customer needs to talk to Libertex directly about an issue, there is the option to email them, submit an online form or call them. There is also a live chat function.

Thanks to having so much experience in the trading space for so many years now, the Libertex service is swift and slick. Importantly, clients can easily trade CFDs over many different asset classes all from the same platform. It allows for easier portfolio management as a result in addition to lowering trade costs, which are extremely competitive too. While the commissions charged vary greatly depending on the type of trade placed, Libertex offers customers a way of keeping trading costs as low as possible.