Libertex Review 2021 – Read Before Registering on their Website

Founded in2015
Head officeLimassol, Cyprus
Service client+357 22 025 100
Type of supportEmail, Phone
LanguagesEN, FR, CE, DE, PT, IT, SV, ES, DA
Minimum deposit10 $
Demo accountYes
Deposit methodsBank transfer, credit card, Neteller, Skrill, Trustly,
Sofort, GiroPAy, iDEAL, P24,  Multibanco and Rapid Transfer
Mobile appYes
Tablet appYes
General rating4.4/5


Libertex is an online Forex and CFD broker based in Limassol, Cyprus. It is one of the most experienced brokers in the industry, having been founded in 1997 by The Forex Club Group.  However, the broker was launched in 2015.

The broker has a strong customer base, with more than 2.2 million customers worldwide. It is therefore a relatively popular broker which has won quite a few awards during its lifetime.

Furthermore, it is a regulated broker in Europe, notably by the CySEC in Cyprus. This means that it complies with certain constraints in terms of the regulation and protection of its customers. Its platform is well designed and suitable for beginner traders. Professionals may find that it is not sufficiently equipped.

Finally, it offers a wide range of assets to trade on their proprietary trading platforms. Trading commissions are quite affordable at this broker. If you are looking for a regulated broker to trade forex and CFDs, Libertex will give you the tools you need to invest or trade actively in the markets.

Opening an account

Libertex offers a demo account and a real account. Professional traders have some advantages.

To simplify its offerings, Libertex offers only two types of accounts: the live trading account and the demo trading account.

Real account

The live trading account opening at Libertex is simple and completely dematerialized. The broker gives you access to your dashboard after giving your personal information.  However, you will be required to do an identity check before you can deposit funds into your account.

Leverage is limited to a maximum of 1:30 for individual traders’ accounts, in accordance with the limits set by the European Securities and Markets Authority (ESMA). 

Professional account

To benefit from a leverage of up to 1:600, you must opt for the professional status. To be eligible you must meet at least 2 of these 3 conditions:

  • Have traded a large volume for one year, with at least 10 transactions per quarter.
  • Have traded for a financial institution for at least one year.
  • Have a portfolio of 500,000 euros in personal assets or more.

In general, professional traders do not have protection for market volatility. However, Libertex offers its professional traders negative balance protection. Their account will never fall below zero. This can happen when trading on margin.

Professional traders on Libertex are not eligible for ICF protection mechanism set up by CySEC (you’ll see that in the section about security). In any case, such protection is totally useless, given the large volumes they negotiate.

The Libertex demo account

The demo account allows you to practice trading without risking your money. Fictitious capital is credited to your account. This way, you will be able to trade with the real prices of the financial products available on Libertex platforms before you trade live.

With the demo account you can test the different features of the platform. We recommend playing with the demo account weather you’re a beginner or professional to test out strategies. By demo trading you’ll also get an overview of Libertex’s fees before you go live.

Libertex offers you a free demo account with $50,000 as soon as you open your account.

Deposit and withdrawal

Libertex is one of the most competitive brokers when it comes to offering different deposit and withdrawal methods. Just credit your $10 account to start trading.

The minimum deposit to open a Libertex account is $10 or about €9. However, the broker recommends a deposit of at least $100. This makes sense since you need enough capital to diversify and follow any serious money management strategies. 

We value the variety of choices Libertex offers to credit accounts. Here are the deposit methods available below.


  • VISA and Mastercard debit or credit card deposits are accepted on Libertex. This is the fastest way to credit your account. Card deposits are limited to $5,000, or about €4553. 
  • For large deposits, bank transfers are recommended. Your funds will be available for trading after 3 to 5 days.
  • Deposits using Skrill and Neteller are instantaneous, but are limited to $1,500 and $5,000, respectively.

Libertex also offers instant deposit solutions by bank transfer with Sofort, Trustly, Giropay, iDEAL, P24, Multibanco and Rapid Transfer. These services only work with certain banks. You will have to get in touch with the Libertex support for more information. There is no deposit fee using this method.


Before you can make a withdrawal, you must pass the KYC (Know Your Customer). It is a process by which the broker verifies your identity. As a financial institution,  Libertex  is required to verify your identity to comply with the rules of KYC and AML (Anti-Money  Laundering). We therefore recommend that you check your account before you even make your first deposit.

For a card withdrawal it can take up to 5 days for your funds to reach you. The withdrawal fee per card is 1 euro. Withdrawals by transfer are accompanied by a 0.5% fee, with a ceiling set at 10 euros.

Withdrawals by Skrill and Neteller are pretty quick. They are usually treated in 24 hours. Withdrawal by Skrill is free, but you will pay a 1% fee for Neteller.

It is important to note that you cannot make withdrawals to Sofort, Trustly, Giropay, etc. You’ll have to make a withdrawal request by wire transfer.

Whether it’s for deposits or withdrawals, the accounts used should be in your name.

Spread et commissions

There’s no spread, but a commission is deducted when you make trades. Trading costs are acceptable.

Unlike most online brokers, Libertex does not charge a spread on the financial products listed on its platform. However, the broker charges a commission when you make trades. This is expressed as a percentage. In other words, it depends on the size of your position. 

The commission at Libertex is lower for the most traded assets such as EUR/USD. It is also variable and can increase significantly during quiet periods such as after the close of U.S. markets.

Below, we have put the average commissions of some of the most traded financial instruments.

AssetsCommissions in %
CAC 400,035 

It is important to note that the commission is calculated in relation to the leveraged position, not in relation to the margin committed.

Trading platform

Libertex has its own trading platform. The broker also offers MT4 and a mobile app.

Libertex Trading platform

Libertex offers a proprietary web-based trading platform that bears its name. This means you can access it with any computer, as long as a browser is installed there. 

We find the Libertex trading platform to be user-friendly and fairly easy to use. At the top of the platform, there’s a search bar that lets you quickly find the asset you’re interested in. You can also sort assets by class.

A graph is integrated into the platform. With technical indicators and drawing tools, you will be able to conduct your technical analyses on different time units.

On the window to the right of the platform, you can place your orders or see your trade history.

Libertex mobile

Libertex has also developed a mobile version of its trading platform. Features are identical to those on the main platform. The app is available on Google Play and apple store. 

The application is autonomous enough to allow you to manage all your positions. You can also make deposits and withdrawals from this platform. Other interesting features are also present on Libertex mobile, such as The Economic News Feed.

MetaTrader 4

Libertex offers this trading platform developed by MetaQuotes. MT4 is the most popular platform in the industry. No wonder many brokers offer it by default. The platform has advanced technical analysis tools. In addition to pre-installed technical indicators, you will be able to add other free or premium indicators that you have found on the internet.

The real strength of MT4 is the ability to easily automate its trading strategies through trading bots, commonly known as EA. In particular, MT4 brings together a large community of developers who can help you. MT4’s programming language (MQL4) is easy to understand and you can create your first trading bots after training. EAs are also available in the MetaQuotes library.

Metatrader 4 also has a mobile version, the app is developed for Android and iOS. It has fewer features than the PC version, but it’s handy to track your already open positions.

Markets available

An extensive offer of asset classes is available by CFDs, with leverage limited to 1:30. 

Libertex offers a wide range of assets to traders. You’ll probably find the instrument you’re interested in by CFDs. 

CFD stands for Contract For Difference. It is a derivative that allows you to speculate on any asset up or down. The advantage of CFDs is that they allow you to take advantage of market fluctuations without actually having to buy the underlying assets.

With Libertex, CFDs are a contract between you and the broker. This contract allows you to buy or sell any assets listed at Libertex by defining your stop loss and take profit.

Another advantage of CFDs is leverage. You will be able to trade volumes that exceed the amount of your initial deposit. For example, with a leverage of 1:10, you can open a position that is 10 times the amount you mobilized for the position.

Libertex offers CFDs on many asset classes.

➢ Forex:

50 pairs of Forex currencies are listed on Libertex, including the most traded (EUR/USD, GBP/USD, USD/JPY, etc.)

➢ Shares: 

Vous will find more than 100 CFD shares among the most traded in the world: Apple, Facebook, Amazon…

➢ Crypto: 

Libertex offers cryptocurrency trading. You will find crypto-fiat currency pairs such as BTC/USD or BTC/EUR, as well as currency pairs between cryptos such as Litecoin/Bitcoin or Ethereum/Bitcoin.

➢ Commodities:

Metals, energy and some agricultural products are available on the platform.

➢ Indices:

It is possible to trade the world’s most important indices by CFDs (CAC 40, DAX, Dow Jones, etc.)

➢ ETFs: 

Libertex lists a dozen ETFs that you can buy or sell without limitation.


Limited but sufficient search tools for a market beginner.

Libertex’s platform is well-equipped to trade properly. For your technical analyses, you can change the time unit of the graph from 1 minute to 1 month. More than 40 technical indicators are available to refine your strategies. You’ll find the most popular indicators such as RSI, MACD or mobile averages.

Libertex Research

Economic news is broadcast on the Libertex website continuously. It is also available in the mobile app. However, some essential tools are missing for the trader such as the economic calendar and the position size calculator.

Customer Support

Satisfactory customer support and a very detailed FAQ section.

We appreciated the fact that Libertex translated its site into a dozen languages, including English. You can contact them by email for your questions related to the opening of an account or the different trading platforms.

But, before contacting support, many questions are answered on the site. In addition to the FAQ, Libertex  has a page specifically dedicated to the medium called “Help and Assistance”. You will find the link at the bottom of the main site. Virtually all the problems you may encounter are solved, including those related to deposits and withdrawals, KYC, trading conditions, etc.

For your most urgent requests, you can get in touch with them by phone. However, telephone support is only available in English.

We did not find any online chat on the Libertex website. However, it would be interesting to have a chat, which has become a standard for online brokers.


Libertex has a full trading training which can be a good introduction for beginners.

Libertex offers training for beginners available on the trading platform in the “video course” section. We find it to be very complete and of good quality.

The training includes 29 videos. It starts with explanations of how financial markets work. You can then learn how to trade on the Libertex live or demo platform.

More advanced concepts are discussed towards the end. Technical analysis with indicators and fundamental analysis in particular. We advise you to take this training if you are new to trading.


A broker regulated by CySEC in Cyprus. Individual traders are protected up to 20,000 euros.

Libertex is, in fact, the business name used by Indication Investments Ltd, a Cyprus-based firm. It is regulated by the Cyprus Securities and Exchange Commission (CySEC).  The broker is therefore required to comply with certain rules regarding the protection of its clients’ funds. 

Indication Investments Ltd is part of the Moscow-based Forex Club Group. The group has been a supplier of Forex and CFD trading platforms since 1997.

Customer funds are segregated. In other words, Libertex separates its capital from its traders’ funds. This protects them in the event of the broker’s insolvency. Your funds will therefore be deposited in a Libertex partner bank.

In addition to segregation, you benefit from the Investor Compensation Fund (ICF).

The latter is a mechanism established by CySEC to protect investors using financial service providers in Cyprus. Your deposits on Libertex are thus protected up to 20,000 euros. If the broker goes bankrupt, all your funds will still be returned to you.  

Libertex has also taken many steps to secure its site. Your bank and card details are encrypted by SSL technology at the time of payments.


Libertex is a highly experienced broker with more than 20 years of experience in the online trading industry. Its platform is well equipped for you to trade properly. On the other hand, it does not have advanced tools that some professionals may need.

However, MT4 is flexible enough and offers enough features to compensate for this broker’s weaknesses.

Libertex is a regulated broker in Europe and licensed to offer its services. You can trade with this broker without any fear. Most of its clients are satisfied with the brokerage service offered.


Is Libertex regulated?

Libertex is regulated in Cyprus by the CySEC. It is required to comply with KYC and AML policies.

Where is Libertex?

Libertex is headquartered in Limassol, Cyprus.

What is the minimum deposit at Libertex?

The minimum deposit at Libertex is $10, or about €9.

Can I trade cryptocurrencies on Libertex?

Libertex offers cryptocurrency trading by CFDs.

Trading Smart
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