The one minor drawback is that there is only one available base currency – EUR. In order to achieve your trading goals, you need to choose the right account. We evaluate each broker’s account types, how easy it is to open an account with them, and the steps involved, so you can decide if it is worth your time to open an account. Libertex scored very high in the Customer Support category. The broker offers excellent multilingual support, which is available via live chat, phone, and email. The live chat feature is the easiest way to contact the customer support team.
- This chart describes all the categories we evaluated and rated.
- Educating yourself on how to trade the financial markets can make the difference between success and failure.
- Traders working with Indication Investments Ltd. are protected against the possibility of incurring a negative balance.
- As with most brokers, you do have the option of a demo account which is a great way to practice trading online.
We also ensure all reviews are published without moderation. We use dedicated people and clever technology to safeguard our platform. 1) There are no ways to convert your current USD balance, or portion of it, to another currency like EUR to participate in other pairs that are not related to USD. We would really be grateful if you could give us a 5-star rating as it is the best encouragement for our team. I have not bought any crypto’s yet from this platform, but I have studied and on my mind this looks like one of the most advanced platforms..
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.
For example, a long position on gold would generate a profit as the price rises or incur a loss as it falls. This is achieved without having to purchase actual bars of gold. One of the biggest advantages of trading CFDs is that traders can get in and out of the market almost instantaneously, thereby catching even minute changes in the price of the derivative. In addition to the market-oriented features of the app, traders can also use it to monitor the development of their running positions and portfolio as a whole and, if necessary, make timely adjustments. The mobile app retains the usability of the web trader platform to an extent, which enhances its general ease of use. The mobile app is easy to navigate as all essential information is arranged orderly, with a heavy emphasis on current news and analyses.
I like how you can access your account seamlessly between devices. I often find myself going from my trading apps to desktop platforms and vice versa. Libertex is an OTC broker that offers derivatives trading with CFDs and CFD options and investment solutions to traders and investors with different experiences and aspirations on the market. Its large collection of cryptocurrencies which can be traded commission-free and swap-free, makes the broker particularly suitable for traders with an affinity for high-volatility strategies. The broker’s custom-built platform has multiple trading indicators and drawing tools, all neatly arranged logically and coherently.
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.
It’s for me personal the best trading…
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.
The MT4 platform is available as a mobile application on the Apple Store and Google Play. It is at the discretion of the traders to select the mode of payment in which they want to make their deposits to their accounts at Libertex. Libertex give you access to trade a generous selection of more than 244+ instruments including Forex, Stocks, Cryptocurrencies, Metals, Indices, Agriculture, Oil & Gas and ETFs. You will find all of the financial instruments that you would expect from a top broker, including major currency pairs, popular cryptos and stocks of the largest companies. Whilst there are plenty of options, they don’t quite compare to the likes of Swissquote who have over 8,500+ instruments in comparison. Libertex do not charge a spread on their platform but instead charges a small commission fee from 0.03%.
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.
The impact of economic releases on the price of a given asset is underscored in a sentence or two. Libertex’s research content provides an adequate yet not all-encompassing overview of current market trends. Its articles do a good job of explaining the general causes of significant market developments, though its news breakdowns are very narrowly focused on the direct impact on the price of a given asset. The technical analyses also suffer from a lack of supporting materials, such as charts. The leverage determines a trader’s overall market exposure. When trading Contracts for Difference , positions can be opened for a fraction of their value because of the leverage.
This combination of diversity and usability can be used by traders to conduct probing technical analyses. The broker does not charge anything for deposits, though third-party fees may apply for withdrawals. Trading with CFD options requires a deep understanding of how derivatives work, but if done correctly, it can give traders certain control over their positions.
We conducted our test on the 11th of July via the libertex overview 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.
What Account Types Does Libertex Offer?
Most brokers usually have several account types with different features in order to cater to the needs of a greater number of traders with different goals, needs, and means on the market. Therefore, it is a trader’s responsibility to pick the account type that best matches their approach to trading. Libertex has 4 retail account types – a standard Libertex account, Libertex Invest, MT4 Market, and MT5 Market; those are also available for professional traders but under different conditions. There are some discrepancies between the four, chiefly in how commissions are structured and their minimum trading volume requirements.
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.
Newbies can also take advantage of this exposure to multiple markets to gain a nuanced understanding of how assets from different classes differ. Libertex also offers the ever-popular MetaTrader5, one of the most used trading platforms amongst CFD traders. The MT5 platform is available as a mobile application on the Apple Store and Google Play. Libertex also offers the ever-popular MetaTrader4 and MetaTrader5, one of the most used trading platforms amongst CFD traders.
How Many Underlying Assets Are Available on Libertex?
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.
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.
You can choose 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.
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.
We may be compensated but this should not be seen as an endorsement or recommendation by TradingBrokers.com, nor shall it bias our broker reviews. ETFs offered include iShares Core U.S. Aggregate Bond ETF, iShares MSCI Germany ETF, iShares MSCI United Kingdom ETF and others. I don’t see ETFs available on many brokers so I feel that this can help to set them apart from the competition if you are looking for an ETF broker. Trading in financial instruments is a risky activity and can bring not only profits, but also losses. Libertex MetaTrader 5 trading platform The latest version of MetaTrader. Libertex MetaTrader 4 trading platform The #1 professional trading platform.
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.
Currency Conversion and Trade Limits
This is arguably its greatest drawback because https://forexhero.info/ 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.
Libertex was awarded an average mark in the Deposit and Withdrawal category. The broker has a wide range of payment methods, including credit, and debit cards, wire transfers and e-wallets. Traders do not have to wait long for their transactions to be processed, and the broker does not charge anything for deposits.
- 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.
- Offering a deposit or welcome bonus is the best way in which to assure traders that they will receive some money back depending on the initial deposit made.
- Here the minimum deposit is €100 that can be made via any of the payment solutions like Sofort, iDeal, rapid transfers, P24, etc.
- Besides this broker is the one that you can really trust – it has a spotless reputation on the market.
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.
I have been aware of the broker since I first got started trading so it is good to see how far they come over the years in an industry where so many come and go. In the 20+ years they have been operating, they have been recognised by financial magazines and institutions with over 30 prestigious awards won for its customer service and innovative trading solutions. I feel this is testament to the quality of the company and the services that they provide.