Libertex review

Libertex review

If you want to start investing, consider using Libertex as a broker. The platform is mainly known for its crypto offerings and analysis capabilities. We have listed everything for you in this Libertex review.

In this Libertex review, we look at all the possibilities the Libertex platform offers and determine whether it suits novice investors. Could you read on for our opinion on the Libertex platform?

If you want to start investing, consider using Libertex as a broker. The platform is mainly known for its crypto offerings and analysis capabilities. We have listed everything for you in this Libertex review.

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In this Libertex review, we look at all the possibilities the Libertex platform offers and determine whether it is suitable for the novice investor. Read on for our opinion on the Libertex platform.

If you want to start investing, consider using Libertex as a broker. The platform is mainly known for its crypto offerings and analysis capabilities. We have listed everything for you in this Libertex review.

In this Libertex review, we look at all the possibilities the Libertex platform offers and determine whether it is suitable for the novice investor. Read on for our opinion on the Libertex platform.

Step 2: Fund your account

After opening your account, you can first start practising on a budget. If you want to start trading with real money, you must switch from a demo account to a real one.

Then click on ‘Deposit’ at the top right. Here you can choose the payment method and the amount. Do you select iDeal or PayPal? Then the amount is almost immediately in your account. Selecting a different payment method may take a while before the money is in your investor account.

Step 3: Open your first position

When you have determined what type of assets you want to trade, you can decide whether to speculate on a price drop or price increase.

For example, do you want to speculate about the price of Bitcoin? Then you search for Bitcoin in the search bar and click ‘Open position’ at the top right.

You enter the trade amount and leverage. You will immediately see the commission you pay Libertex on the trade. Optionally, you can limit your winnings and losses to a certain amount. You can also enter this in the window.

Step 4: Close the position

Once you find a good time to close your position, you can do so if you want to open a place.

You go to ‘active trades’ at the top and select the position you want to close. When you click ‘Close position’, you will immediately see how much profit you have made. Are you sure you want to close the position? Then you choose ‘Yes, close’, and your work will be completed. The profit made is now in your account!

Step 5: Withdraw profits

Have you made a lot of profit from your trading positions? Congratulations! Then you can record the gains made in the dashboard.

You will find the tab ‘Withdraw funds’ at the top right when you navigate the mouse to your account. Here you can then submit a request to withdraw an amount. Once your application has been approved, you can have the amount deposited into your linked account.

All steps read and ready to start? Create a free account with Libertex and get started now!

Libertex scam? – How reliable is Libertex?

One of the most important aspects of a good broker is reliability.

Libertex is registered in Cyprus and has been an active trading platform for investors for over 20 years. The Cypriot Stock Exchange Committee (CySEC) supervises the platform with CIF license number 164/12.

The platform also won an award for the best trading application in 2017.

Like other brokers, Libertex must also adhere to the strict regulations for financial institutions. For example, the minimum age for an account is 18 years; you must complete the mandatory questionnaire and keep your money in a separate report.

We find many positive reactions when we look online at customer reviews about Libertex reviews.

For example, the Libertex platform receives 4.7 out of 5 stars from users on Trustpilot. So you can trade well here. Libertex also comes out well from our Libertex Review!

What can you trade within Libertex?

Within Libertex, you can trade in many different assets. This means you cannot buy the underlying products but speculate about the upcoming price changes.

To create the clearest possible overview of all trading opportunities, in this Libertex review, we give you a list of all assets in which you can trade within the Libertex platform.

Shares

Within Libertex, you can access the European exchanges and those in North America, Asia and the Middle East. For example, you can trade foreign indices such as the S&P 500, the Nikkei 225 and the FSTE 100.

On shares, you can use a leverage of X5. Check out our list of the best stocks for this year!

ETFs

You also have the opportunity to speculate on the price movements of ETFs. You can choose large index funds from Brent, iShares, S&P 500 and Vanguard.

With ETFs, you have access to X5 leverage.

Currency

There are also many currency pairs available to speculate with. You can choose from the 7 ‘majors’ currency pairs, 23 ‘crosses’ currency pairs and 21 ‘exotic’ currency pairs. At Libertex, you can speculate on a large number of currency pairs.

On currencies, you can speculate with leverage up to X600.

Cryptocurrency

Libertex is also very suitable for speculating on the price movements of crypto coins.

You will find at least 60 cryptos, including the best-known, such as Bitcoin, Ethereum and Ripple, and lesser-known coins, such as Zcash, Polkadot and Ontology.

Speculating cryptocurrency price changes can be done with leverage of up to X20.

What are the costs at Libertex?

From our Libertex experiences, we have discovered that, unlike most brokers, you pay advantageous spreads and commission costs at Libertex. The fees you pay depend on the trading instrument and the market situation. The commission fee is always displayed when you want to open a position.

In the table, you will find an overview of the commissions you usually pay. Please note that these may change depending on the market situation.

Unique features of Libertex

Analysis capabilities

Libertex offers you various analysis tools to analyze the charts and prices. For example, you can shade areas, apply indicators and perform comparisons. You can only see a small selection from the range of all possibilities on the image.

You can choose different types of graphs and set your time window. This way, you can look back a few years or just minutes. Applying the analyses gives you all the information you need for a successful trade.

MetaTrader4

Within Libertex, it is also possible to trade in MetaTrader4. Here you can use many more analysis tools, both technical analysis and market analysis.

You can also set price alerts or news alerts. Is a certain price reached? Then you will receive a signal to buy or sell at a favourable time.

Mobile App

Like most brokers, Libertex also has a free mobile app. This allows you to view your investments at any time of the day and anywhere you have an internet connection! Do you see that the price is undergoing an attractive change? Then you can buy and sell directly via your smartphone.

Online instructional videos

Another big advantage of Libertex is the many online education options. For example, on the Libertex website, you will find many instructional videos about online trading.

With the beginner’s course trading, you can learn everything about leverage, stop and loss orders, and trading in general.

Libertex Contact & customer service

Libertex customer service can be reached via e-mail: [email protected]. They usually respond within one business day.

You will also find a FAQ on their website with answers to common questions.

Indication Investments Ltd., CYSEC License number 164/12

Iacovou Tompazi 1

Vashiotis Business Center

1st Floor Office 101

Neapoli 3107 Limassol, Cyprus.

Libertex Review: Frequently Asked Questions

Is Libertex a scam?

Libertex is a reliable broker and is certainly not a scam. Various parties supervise the broker and have licenses from CySEC.

Libertex Review: Frequently Asked Questions

Is Libertex a scam?

Libertex is a reliable broker and is certainly not a scam. Various parties supervise the broker and have licenses from CySEC.

What are the benefits of Libertex?

Trading through Libertex has several advantages. For example, you can already start here with a low deposit of € 100, access to more than 60 different cryptocurrencies, and use MetaTrader4!

What are the benefits of Libertex?

Trading through Libertex has several advantages. For example, you can already start here with a low deposit of € 100, access to more than 60 different cryptocurrencies, and use MetaTrader4!

Can you trade cryptocurrencies at Libertex?

You can trade different cryptos at Libertex. You can choose from about 60 other crypto coins! Because Libertex is a CFD broker, you cannot buy the crypto coins here and keep them in a wallet but only speculate about price changes.

The best alternatives to Libertex

Does Libertex meet only some of your requirements for an online broker or trading platform? Fortunately, there are many other options.

Depending on what you’re looking for, you can look to eToro as a good broker for buying and selling stocks and ETFs, for example. You can speculate about price changes here and buy the underlying assets.

You can also use copy trading here, with which you can copy successful investors. Read our in-depth review of eToro to learn more.

Would you like to buy or sell cryptocurrency? Then you can also take a look at Bitvavo. Here you will find a wide range of different crypto coins. Check out our review of Bitvavo to find out more.

Review Libertex: Conclusion

With Libertex, you can trade in many different financial products. With the extensive range of stocks and crypto, it is the ideal broker to speculate on price changes.

Libertex’s platform is reliable, well-regulated, and appreciated by customers for its user-friendly and well-organized trading platform.

The platform is also extremely suitable for experienced traders. You have access to MetaTrader 4, an analysis tool that allows you to perform market and technical analyses for the best-informed trades.