The money will be credited to your trading account within minutes . After making the first deposit, you still need to upload some documents for identity verification. Due to legal reasons, you still have to wait a while before you can start live trading. Unfortunately, we have had negative Libertex experiences at this point, because the waiting time is up to 3 working days. However, the verification process takes place usually immediately.

• This, in fact, creates confusion at the end of the day, and Libertex users are relieved from facing such confusion.
• While doing this Libertex Review, we came across various unknown facts that go in favor of this broker and tagging this platform as a legit one.
• I feel this is testament to the quality of the company and the services that they provide.
• This includes pros, cons and an overall rating based on our findings.

Libertex offers CFDs on 50 currency pairs, 73 cryptocurrency pairs, 17 commodities, 26 indices, 132 equity, and ten ETFs. The underlying assets selection is typical, except for cryptocurrencies CFDs, where Libertex ranks among the top 20 in the industry. It also features a commission-free investment account ideal for long-term investors seeking to build dividend-paying portfolios via share purchases.

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On the day of https://forexhero.info/ trading, Libertex offers a total of over 250 underlying assets for trading. Very few other online brokers can offer such a wide range of underlying assets to their clients. Libertex makes the effort to provide a useful education section for the readers in addition to news and data section. The broker offers an education course of 29 lessons on its website and on its in-house trading platform. Moreover, there’s a news section on the company’s website categorized to all, forex, cryptocurrencies, economy news, politics news, and other.

Should we risk and trust this broker for our investments? Let’s find out together in this detailed review based on our experience with this broker. Investing in or trading financial instruments, commodities, or other assets carries a high degree of risk. You should only in trading or investing if you are fully aware of the potential risk of loosing all your deposited money. One of the best charting systems for traders is being used by Libertex. Tradingview.com provided the inspiration for this design.

Why is Choosing the Right Account Type Important?

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From my point of view, it is therefore a circumvention of regulations, and an incentive to trade, with always more . Cryptocurrency CFDs – A selection of 40 cryptocurrency pairs including Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and Ripple. There is a selection of popular Cryptos including Bitcoin and Ethereum. If you are looking to trade cryptos, XTB are another option to consider. I got $1000 by just getting $5 into my cryptocurrency account.

It has since gained millions of users, mostly traders and aspiring traders. It is overall a great broker for traders who seek a reputable platform and a good choice for those who wish to trade CFDs across different industries. Libertex have a variety of convenient methods for depositing and withdrawing funds from your trading account. This includes bank wire, credit card and online payment systems such as Neteller and Skrill. I really like the digital wallet options as I find this to be them to be the quickest and easiest way to get access to my funds.

Therefore, we think that this is a good tool for trading and is well-organized. Furthermore, Libertex has a wide range of underlying assets. More than 250 different underlying assets are available with this broker. You can trade CFDs on stocks, currencies, cryptocurrencies, and more. We think that Libertex endeavors in adding new and interesting underlying assets to the platform. The CFD broker Libertex claims to be one of the most popularbrokersin the trading industry.

How to Configure Your Libertex Account

This page may not include all available products, all companies or all libertex review. This is literally the worst broker out there, it's fine if everything goes okay, but when something goes wrong or you ask for anything out of the ordinary it goes to total crap. The company culture seems to be that all the customers are scammers. Now that the founder isn't on earth I'm sure the service will get it even worse.

Additionally, there are social media channels that you can reach Libertex. They don’t have a “classic” account structure and a live support rep told me that there’s no minimum investment, meaning that I can deposit how much I want. Another one told me that minimum “replenishment” is $10 and that an account manager would contact me if I wanted. It’s worth noting that the more you deposit, the higher your “account status” goes. For example, for deposits between 250 EUR and 1,449 EUR, your status is Gold, and above 5,000 EUR, you will become a VIP . The perks of a higher tier account include commission discounts and priority withdrawals.

There are payment methods that instantly process your funds. However, it depends on what type of payment method is used. Usually, the maximum processing time takes only 3 days with Libertex.

The Trustpilot Experience

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. Libertex is a reputable broker that has a license from CySEC. The CySEC is a well-known regulatory body that would never license and regulate a broker that has fraudulent intentions. In addition, we could not determine in our Libertex test that this trading platform is a scam.

Libertex supports a wide range of payment methods including credit cards, debit cards, PayPal, SEPA/International bank wire transfers, Skrill, Neteller, and more. There are no deposit fees and your funds are credited to your account instantly except for wire transfers that take between 3-5 days. As is common practice amongst trading platforms nowadays, Libertex supports a fully-fledged mobile trading app that is compatible with Apple and Android mobile devices.

Knowing how to trade and knowing how trading works is obviously very essential in the trading industry.Before going live, one must know first how to execute a trade. You can make any setting you prefer before opening any position. Technical indicators right on the trading platform and analysis/signals from Trading Central are the main extras available. Some of their users have complained about account verification procedures taking weeks, others that support reps never give a clear answer.

Libertex is an OTC broker that offers derivatives trading with CFDs and CFD options and investment solutions to traders and investors with different experiences and aspirations on the market. Its large collection of cryptocurrencies which can be traded commission-free and swap-free, makes the broker particularly suitable for traders with an affinity for high-volatility strategies. The broker has a large assortment of instruments that can be traded as Contracts for Difference or CFD options. Newbies can also take advantage of this exposure to multiple markets to gain a nuanced understanding of how assets from different classes differ.

Try it and you'll see for yourself, it would take months before you get to that $10. If you navigate away from that window it stops 'mining' lol, and so you have to keep plonking it to keep going. I'm yet to see if it ever gets there how it fares when trading on Metatrader… If it holds up, will leave this at 3 stars, if there's red flags I'll update to much less. Libertex caters to most international traders but does not accept clients resident in the USA or the UK. CySEC introduced an unnecessary questionnaire, which serves no other purpose than collecting data.

It is best to look at the commissions directly on the Libertex website. More than 10 ETFs from leading providers such as iShares, SPDR or Vanguard can currently be traded. Additionally, you can find a useful FAQ page, news, blog, education, CFD specification, and economic calendar under the Trading Info tab at the top of the libertex.com website. When you open a Libertex account and deposit a minimum of €100 you could receive a welcome bonus of up to $10,000. Alternatively, you can manually search for the tradable asset of your choice by using the search bar at the top of the trading terminal.

MT4 is one of the most popular trading platforms in the industry due to its remarkable suite of charting tools and high-speed execution. Research options provided by brokers may not be seen as the most important feature for some traders, but they can give you an edge over the competition. Staying on top of important market news announcements and being aware of big themes can be very helpful. The rating system provides a clear picture of how well your broker fulfills this service. Libertex has 4 retail account types – a standard Libertex account, Libertex Invest, MT4 Market, and MT5 Market; those are also available for professional traders but under different conditions.

I feel this is testament to the quality of the company and the services that they provide. Technical support is particularly important to help traders control their funds and navigate the platforms efficiently. Decent customer support should also mean queries are handled quickly and properly resolved. MT5 is one of the most popular trading platforms in the industry due to its remarkable suite of charting tools and high-speed execution.

Deposits are commission free but you may be charged a commission for withdrawal depending on the payment method you choose, if you withdraw through Skrill or PayPal it’s commission free. Trading FX or CFDs on leverage is high risk and your losses could exceed deposits. If you do hold funds with this broker, I recommend when you withdrawal to follow their requests specifically (ie. you will see below the request to see my whole hand in the photo).

Investors can trade CFDs on Forex s, Commodity and Crypto with the default leverage as per the tradable class of assets. Note that with Libertex you may invest in real shares commission free using the Invest Account . In this section we would like to share with you our Libertex experience in terms of fees and costs. We would like to tell you in advance that our Libertex experiences have been positive in this regard.