Libertex (Europe) review

Introduction

Libertex is a popular broker and established name in the brokerage space that has been in business since 2012. The broker offers 300+ CFDs that include forex pairs, stocks, commodities, indices, metals, cryptocurrencies, stocks, bonds, and much more. The commissions on the platform are very low and leverage is up to 1:30 for retail clients. 

The broker is regulated in Cyprus by Cyprus Securities and Exchange Commission (CySEC) under the license number 164/12. Cyprus also happens to be the headquarters of the company. 

Libertex is one of the most complete brokers to start trading with. You have access to different trading platforms, many tradable underlying assets, educational resources, and so much more. With less fees and tight spreads, there are less things for traders to worry about when trading with Libertex.

Supported Countries

Whenever you are to choose a broker, it is crucial to know if that broker is taking clients from your country or not. Due to regulations and various factors, most of the time brokers are operating in limited countries. Generally, you can always go to their sign up pages, and if you don’t have any trouble signing up, this means the broker takes clients from your country. Otherwise, the broker is not available. However, we cut out this hassle for you by doing this research ourselves. 

Libertex accepts clients from the EEA Area and Switzerland.

Average Customer Ratings

One of the best ways to learn about the quality of service a broker offers to its customers is by checking reviews from their existing clients. Libertex Europe (Libertex.com) maintains a good rating of 3.9 on TrustPilot. Based on the data, 61% of the users have given the broker a 5-star review. 

Trading Platforms

When you are a trader, many things like the devices you can trade from, the features you can use, and the interface depends on the trading platform. Therefore, it is important to choose the one that best suits you. Libertex offers its customers MT4, MT5, and its proprietary platform. 

Generally, when a broker has its own proprietary platform, that is the only one being offered. However, that’s not the case with Libertex at all. You can try the MT4, the more advanced MT5, or explore the proprietary platform. The offered demo account can be a good testing ground for the company’s own trading platform. 

Leverage and Commissions

Since Libertex is regulated by CySEC, the leverage is up to 1:30 for retail clients. A good thing about Libertex is its low commissions that are close to zero.

Customer Service

Libertex offers high quality customer service, checking all boxes you expect from a leading broker. Support is available across all three channels (live chat, call, and email). You can email them at [email protected] or call them at +357 22 025 100. 

The support is available in 8 European languages. The support is multilingual, offering help in at least 8 languages: English, Spanish, German, French, Italian, Portuguese, Dutch and Polish. Customer service is available from Monday to Friday, from 8 a.m. till 6 p.m. CET.

Educational Material

Educational material provided by a broker allows traders to upskill and make more informed trading decisions. However, the educational material from the company is not the most extensive when compared to other companies. But it can be helpful to new traders who are always eager to learn something new. 

Deposits and Withdrawal Methods

The flexibility to use your desired methods for deposit and withdrawals adds to the convenience. Usually, the deposit and withdrawal methods available from most brokers are via credit and debit cards with maybe the option of using 1 or 2 e-wallets. 

Libertex offers much more convenience in this regard by offering a wide range of deposit and withdrawal methods. The following are the withdrawal and deposit methods you get with Libertex:

• Bank cards (credit/debit)
• Bank wire transfer
• E-wallets (Skrill, PayPal, Neteller)

Besides different payment options, Libertex also offers a variety of currencies to fund your account. The following are the currencies you can use for funding accounts: 

• EUR (Euros)
• GBP (British Pounds)
• CHF (Swiss Franc)
• PLN (Polish Zloty)

However, it is important to note that the payment account and the currency you use for deposits will both be the same for withdrawals. Therefore, select the one that will be most easily accessible to you. 

Company Details

Libertex is a private company. The company is regulated in Cyprus under the CySEC license number 164/12. The company’s name is Indication Investments Ltd with a registered office located at 10 Agiou Athanasiou, Ksenos building, Floors 6 and 7, 4105, Limassol, Cyprus.. The Indication Investments Ltd. also has an office in Germany, registered under BaFin

Regulations and Compliance

Libertex being a CySEC regulated broker offers all the standard account security features and benefits. You get negative balance protection, and segregated funds. 

Conclusion 

Libertex is one of the most complete brokers we have reviewed. More trading platforms and a much higher number of underlying assets makes it suitable for more traders . Not to mention the ability to invest in real stocks in addition to CFD trading is a great broker for people looking to diversify their portfolio. 

The broker is highly regulated and adds convenience with different deposit and withdrawal methods. With the facility of making payments with PayPal, Neteller, Skrill, conventional bank cards, and even wire transfer, deposits and withdrawals are hassle-free with the broker. 

All things considered, Libertex is a great broker with a very complete set of offerings. Traders and investors can find most things they expect from a reputed broker from Libertex.