The spread varies from trade to trade and from asset to asset.

87.8% of retail investor accounts lose money when trading CFDs with this provider. The reputable broker also offers excellent customer support and adequate research materials that give traders a fair representation of the broad market sentiment. Trading leveraged products such as CFDs involves substantial risk of loss and may not be suitable for all investors. 83% of retail investor accounts lose money when trading CFDs with this provider. Trading such products is risky and you may lose all of your invested capital.

LibertEX forex broker

The spread varies from trade to trade and from asset to asset. Commissions on some of the most popular currency pairs start from 0.003% on average. Libertex allows its users to trade CFD https://forexreviewdaily.com/libertex/ across the underlying assets below. (Applies to clients with a total account balance less than 5000 euros . Libertex is an established online broker with millions of retail users.

Demo accounts are available on the web and through mobile apps. On the Libertex website/app, switching between demo and real mode is simple, which allows users to take advantage of quickly shifting market situations. Libertex, unlike other online brokers, claims to not provide various account types, and instead just a “real” account and a “demo” for trading and Invest account for investing in real shares. Libertex https://forexreviewdaily.com/libertex/ gives users access to their unique trading platform. It is entirely web-based and does not require any downloads. The Libertex platform runs well and works seamlessly in any online browser, with a user-friendly interface. 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.

Customer Support

The software is simple and easy to use, with features like easy order placing, pre-ordering, profit taking, a stop loss feature, and live quotes. Soft-FX tech service is providing 24/5 tech and educational https://www.tdameritrade.com/investment-products/forex-trading.html support. The one major drawback of Libertex is that it lacks a comprehensive educational course. There is a deficiency of articles and video content, while its few webinars haven’t been updated recently.

LibertEX forex broker

Traders must send a copy of their ID and one proof of residency document to pass AML/KYC regulations. Start with a demo account so you can get the hang of the market and put your newly acquired skills to use in a simulated environment before getting down to serious trading. Libertex is a brand with more than 25 years in the financial markets. FAQ Get answers to popular questions about the platform and trading conditions. Joined the company in 2005, previously working in retail and government sectors. Sergey has engineering and corporate management degrees and more than 16 years of marketing experience. I like this broker as it helps me to become richer and happier.

Top 5 Brokers

While our partners compensate us for our work, they can not alter our review process, ratings, and recommendations. Beside being user-friendly, the platform features a lot of unique tools, such as charts, indicators, and timeframes that are important during technical market analysis.

  • The value of an investment in stocks and shares can fall as well as rise, so you may get back less than you invested.
  • Their losses cannot exceed their account balances, their maximum market exposure is capped, and they are not at risk from the broker’s liabilities.
  • They are easily downloaded via the Google Play Store and Apple App store respectively.
  • The secure Libertex back office handles all financial transactions.

Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about. Our team of experts https://forexreviewdaily.com/ work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. 74% of retail investor accounts lose money when trading CFDs with this provider.

Continual service and improvement

Libertex.org Forex Club is a group of companies based in Saint Vincent and the Grenadines participating in the retail market of Contract for difference, Foreign Exchange Forex brokers Trading. The company uses the Libertex web and mobile trading platform in addition to MT4 and its structure includes financial and educational companies.

Trade BTC, ETH & 70+ Other Crypto CFDs

Held a number of key different positions in sales before his appointment to the current post in 2020. He is an ACA qualified accountant with more than 12 years of experience in the finance industry with PwC, FxPro and Markets.com. Evagoras holds BSc and MSc degrees in Mathematics and Finance. Joined Libertex in 2018 with brokers libertex over 25 years of HR experience. He previously worked at companies including Morgan Stanley, Visa and Wargaming. Andrew has a degree in Economics and is a qualified tax professional. Has extensive experience in strategic marketing and digital acquisition, specialising in Financial Services, Online Trading and Gaming.

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 https://forexreviewdaily.com/ questions, and how detailed their answers are. Libertex offers over 200 OTC derivatives that can be traded as CFDs, including options.

Libertex earned a high mark in the Platforms category due to the high functionality of the Libertex platform. Traders are afforded additional flexibility of choice with the inclusion of the widely used MT4 and MT5 platforms. 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. Compensation schemes are put in place to protect traders against the credit risk faced by the broker.

Deposits can be made in a number of ways at Libertex, including PayPal, via bank wires, credit/debit cards, and a number of e-wallets like PayPal, Giropay and Skrill. Processing times for deposits are instant, with the exception of bank wires, which can take up to five business days to be credited to the account. In terms of withdrawals there are fewer options, but traders can still use bank wires, credit/debit cards, PayPalNeteller, or Skrill. The free withdrawal options is Skrill and PayPal, and the other methods incur fees that range from 0.5% to €10. Processing times for withdrawals range from immeditaly to 24 hours, or to five business days. Those who prefer the MetaTrader 4 platform will be pleased to find that it is available from Libertex.

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