Libertex Review

Introduction

Libertex is a popular broker and established name in the brokerage space that has been in business for 27+ years now. The company claims to serve millions of traders. The broker offers 250+ CFD assets 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 as high as 1:999 on certain CFDs. The leverage is much higher (1:30) in unregulated markets for traders in the EEA region (please visit our Libertex Europe profile if you are from the EEA region).

Libertex.org is operated under a multi-license structure by companies part of the Libertex Group. It is regulated through Forex Club International LLC, registered in St. Vincent and the Grenadines, and MAEX LIMITED, registered in the Republic of Mauritius. While not under Tier-1 regulation like CySEC, this setup allows the broker to provide flexible trading conditions (such as higher leverage and bonuses).

Libertex is one of the most complete brokers to start trading with. You have access to different trading platforms, many tradable instruments, educational resources to learn from, 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. 

With Libertex, the supported countries aspect is a bit complex. The global version (Libertex.org) is available in 100+ countries and Libertex Europe is available in the EEA region 

Libertex does not offer its services in almost 60 countries including USA, UK, Russia, Japan, Australia, New Zealand, and many others. 

Note: Libertex.com and Libertex.org profiles are set up with geotargeting. So, if you see this page (without a VPN), you are on the right profile and the broker is available in your country.

Average Customer Ratings

One way to gauge a broker’s reliability is to look at customer reviews. Libertex (as a brand, including its global service) has generally positive user ratings. On Trustpilot, it holds an average rating around 3.8 out of 5 stars, indicating a good level of client satisfaction.

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 popular MT4, the more advanced upgrade in the form of MT5, or explore the proprietary platform. The offered demo account can be a good testing ground for the company’s own trading platform.

Leverage, Spreads, and Commissions

One of the biggest differences for Libertex.org (vs its EU counterpart) is the higher leverage available. Because Libertex.org is not under ESMA leverage restrictions, it can offer up to 1:500 or 1:600 leverage on major products, and even as high as 1:999 on certain trades via the Libertex platform. In practice, the maximum leverage depends on the instrument. For example,

• Major forex pairs often have the highest leverage (up to 1:500 or higher). 
• Minor/exotic forex, indices, gold, and major commodities might be slightly lower (e.g. 1:100 – 1:200 or more).

On many CFD instruments, the spread (difference between buy and sell price) is extremely tight, sometimes near zero on forex majors during liquid hours. For instance, EUR/USD can have spreads as low as 0.1 pip. Trading commissions on the other hand vary based on the instrument are very low or market leading. 

Customer Service

Libertex offers high-quality customer support to its users, covering all the standard channels one would expect over multiple languages on top of English. Besides the language of support, the company offers dedicated support email addresses and phone numbers for different countries like Colombia, Vietnam, and Thailand, Libertex provides separate phone numbers and support email addresses. 

Other countries can however contact the company via email at [email protected] or call them at +447456417828. One of the most convenient ways is just visiting their website and talking to the support. Or you can also find the answers to your questions by visiting their FAQs section.

Educational Material

Educational material provided by a broker allows traders to upskill and make better trading decisions. Libertex has an Academy section where you can access 9 lessons and detailed research blogs. The video format and short length of the lessons makes them very to consume for most traders. 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 in the process of learning the basics. 

Besides the educational material, the economic calendar is also available. You can better prepare yourself for any events that can have an impact on the financial markets. 

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)

It is also to be noted that most payment methods are free while making a deposit (with the exception of online banking with up to 6% fee). Also, besides wire transfer (wire transfer takes 3-5 days), all methods either allow instant payments or can take an hour. 

Withdrawals however are not free on most methods other than Skrill and Neteller, which also happen to allow same day withdrawals. Wire transfer and credit/debit cards can take 1 to 5 days and have $2 to $29 in withdrawal fees. With crypto, you can get your payment in several hours with 0.1% fee + $5 per withdrawal. 

Company Details

Libertex.org is operated by Libertex International Company Limited, which is part of the Libertex Group. Due to its global (non-EU) focus, the service is actually run by two entities within the group: Forex Club International LLC and MAEX LIMITED. Forex Club International LLC is a company registered in St. Vincent and the Grenadines (Registration No. 1277 LLC 2021), and MAEX LIMITED is registered in the Republic of Mauritius. These entities collectively manage Libertex.org under a multi-license structure.

Regulations and Compliance

Because Libertex.org is not under a top-tier financial regulator, traders should understand the regulatory environment and what compliance measures are in place. The broker operates under a multi-license approach as its entities are incorporated in St. Vincent & the Grenadines and Mauritius, as noted above, rather than in a major regulatory jurisdiction. 

Conclusion 

Libertex is one of the most complete brokers we have reviewed in terms of offerings. More trading platforms and a much higher number of tradable instruments makes it suitable for more brokers. High leverage and low spreads make it great for seasoned traders. Not to mention the ability to invest in real stocks in addition to CFDs makes it a great broker for people looking to diversify their investment portfolio. 

The deposit and withdrawal methods are very convenient and transparent. 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. 

However, the company lacks a tier-1 regulatory framework as the company is registered in Mauritius and St. Vincent and Grenadines. 

But all things considered, Libertex is a good broker with a very complete set of offerings. Traders can find most things they expect from a reputed broker from Libertex.