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Overview

If you’re interested in CFD derivatives trading and want to speculate on the underlying prices of assets such as forex, commodities, cryptocurrencies, ETFs, and more, then Libertex is a name that stands out. But is Libertex the right CFD broker for your trading needs?

By the end of this Libertex review 2021, we’ll have covered all the key metrics from fees and commissions to payment methods and mobile trading. So, keep reading to find out which broker is best for you.

What is Libertex?

Founded in 1997, Libertex has been providing CFD trading services to its clients ever since. This popular trading platform has more than two decades of financial market and online trading experience and has amassed just under 3 million clients worldwide, covering both casual traders and active seasoned investors.

Libertex serves clients from more than 100 countries and provides access to well over 250 financial instruments. In contrast to most of its competitors, Libertex keeps its brokerage offerings as simple and streamlined as possible. After all, this CFD broker focuses mainly on CFD derivatives trading and covers just over 200 markets. This includes a wide range of stocks, cryptos, indices, ETFs, and more.

Libertex

Trading with leverage allows you to gain much more exposure to the financial market you are trading in when compared to the total you deposited to open the position. Leveraged CFD derivatives maximize both potential profits and losses.

Libertex allows UK-based retail traders to invest with leverage of up to 1:30. This means that a £1,000 account balance could give you access to £30,000 in trading capital. Professional traders, on the other hand, have access to maximum leverage of up to 1:500.

In terms of the available trading platforms, Libertex provides two choices. Libertex’s proprietary web trader platform is ideal for beginner traders seeking a user-friendly online trading platform without any complex and advanced technical features. On the flip side, advanced investors with tons of trading experience can take advantage of technical indicators, fully customizable charts, drawing tools, and robo-advisory services for automated trading through the popular MetaTrader trading suite.

Libertex Pros & Cons

What we like

  • Trade CFD derivatives with commission as low as 0% on certain assets such as options and some forex pairs.
  • Trade crypto CFDs, forex CFDs, Commodity CFDs, and more with leverage.
  • Libertex is used by Indication Investments Ltd and is regulated and authorized by CySEC.
  • Wide range of payment methods.
  • £0 deposit fees
  • Access to MT4 and MT5
  • User-friendly mobile trading app
  • Demo account with a paper trading balance of £50,000
  • Web trading platform features a well-designed interface ideal for beginner traders
  • Direct access to real-time trading signals and news

What we don’t like

  • Lack of technical indicators such as Bollinger Bands and MACD
  • No fundamental data
  • Only provides access to CFD derivatives trading

83% of retail investor accounts lose money when trading CFDs with this provider.

What Can You Trade on Libertex?

Firstly, you should be mindful that trading on Libertex is nothing like traditional investments in the sense that you do not take ownership of the underlying asset. Instead, with CFD derivatives trading you speculate on the underlying price of an asset such as forex, shares, ETFs, options, and more. As we have already mentioned, a contract for difference, commonly referred to as a CFD, is a type of financial derivative that allows you to trade the price movements of markets without owning the underlying instrument.

CFD trading comes with several added benefits such as the ability to go long or short. This means that if you forecast that the price of the underlying asset will rise you buy and if you believe that the price will drop you sell.

Secondly, trading CFDs with leverage allows you to gain full market exposure for a small first deposit which in financial terms is referred to as margin. Simply put, to gain full market exposure only a portion of the position’s cost needs to be deposited as margin.

Forex Trading

Forex trading

Libertex is a popular choice amongst forex traders especially as this CFD trading platform supports a vast selection of major, minor, and exotic currency pairs such as:

  • EUR/USD
  • EUR/AUD
  • GBP/JPY
  • USD/CAD
  • NZD/USD
  • USD/CHF
  • USD/JPY
  • USD/ZAR

The minimum trading volume per trade for all forex pairs is £20, and you can trade with up to 1:30 and 1:20 leverage depending on the FX pair you choose. Furthermore, you can connect your Libertex live trading account to either MetaTrader 4 or MetaTrader 5. MT5 is a multi-asset trading platform that provides a depth of market functionality and is supported by MetaQuotes. To learn more about the pros and cons of MT4 vs MT5, why not read our in-depth comparison review of both popular platforms.

Crypto CFD Trading

First and foremost, since the 6th of January 2021, the FCA has passed new legislation that means cryptocurrency instruments are not available to retail traders in the UK.

Professional traders have access to a wide range of cryptocurrencies from Bitcoin to crypto-to-fiat and crypto-to-crypto pairs. This means that you can buy Dogecoin (DOGE/USD) and other digital assets with 0% commission.

Another benefit of crypto trading is that you do not take ownership of the underlying digital asset. This means that you speculate on the price of the market and do not have to worry about storing cryptos in a hot or cold wallet.

Stock CFD Trading

With a Libertex trading account, you will find more than 50 stock CFDs with the highest market volatility and liquidity. These include the blue-chip stocks of the US exchanges and major stocks of companies listed on European and Latin American markets.

Libertex stock trading

As we have already mentioned, when you trade stock CFDs you do not purchase actual shares. Instead, you gain exposure to the underlying stock market on a speculative basis as you try to predict whether the price of the stock will either rise or fall.

For example, at Libertex you can trade Apple (APPL) stocks with leverage of up to 1:5 and -0.207% commission. You could also receive 0.2200 dividends per one share. This means that if you have a long position the capital will be credited to your account, on the flip side if you have a short position the money is debited.

Furthermore, you can browse through the entire stock CFD offerings or you can select shares of stocks based on their corresponding sector and industry. These include:

  • MEDICAL CANNABIS
  • MATERIALS
  • TECHNOLOGIES
  • INDUSTRIALS
  • FINANCE
  • CONSUMER SERVICES
  • LUXURY
  • TELECOMMUNICATIONS
  • CONSUMER GOODS
  • ENERGY
  • HEALTHCARE
  • AUTOMOBILE INDUSTRIES

Commodity CFDs

Libertex also supports commodity trading which means you can gain exposure to three key branches of commodity trading: metals, agriculture, and oil and gas. Let’s take a look at a comprehensive list of the types of commodity CFDs you can access on this CFD and forex trading platform.

  • Metals – Copper, Palladium, Platinum, Silver, Gold.
  • Oil and gas – Brent Crude Oil, Brent Crude Oil Cash, Light Sweet Crude Oil, Heating Oil, Henry Hub Natural Gas, WTI Crude Oil.
  • Agriculture – Cocoa, Coffee, Corn, Soybean, Sugar, and wheat.

When it comes to trading commissions these vary depending on the underlying asset but they generally fall in the range of 0.0% and -0.516%.

Stock Indices

Indices function as a measurement of the price movements of a basket of shares from a stock exchange such as the London Stock Exchange and the New York Stock Exchange. For instance, the FTSE 100 index is a measurement of the price performance of the 100 major companies that make up the LSE. Index trading gives investors full exposure to a country’s economy or sector, with a single trade.

Libertex indices trading

As with all CFDs, you can speculate on the price of the index either rising or dropping without owning the underlying asset. Indices are popular amongst traders as they are a highly liquid market to buy and sell. Stock index markets typically have longer trading hours when compared to other markets, which means that you can gain more exposure to unique trading opportunities when they arise.

With this in mind, Libertex covers the European, US, and Asian markets with the most popular stock indices. You can choose from a wide range of indices such as:

  • S&P 500 – measures the performance of the top 500 major cap US companies
  • NASDAQ 100 – tracks the value of the 100 biggest non-financial US companies
  • DAX – measures the price performance of the top 30 stocks listed on the Frankfurt Stock Exchange
  • Hang Seng Index – monitors the price performance of the top companies listed on the Hong Kong Stock market
  • Nikkei 225 – tracks the value of 225 top companies on the Tokyo Stock Exchange

ETF CFDs

Trading ETFs with derivatives is an effective way to gain exposure to short-term price movements within specific markets and industries. When you trade an ETF via CFDs and spread bets, you can take advantage of leverage, which at Libertex is capped at 1:5, to gain full exposure to the ETF while only having to deposit a portion of the trade’s total value to open a position.

Libertex ETF CFDs

This deposit is referred to as the margin, and while this reduces the amount needed to open a position, it also maximises potential losses. This is a result of CFD losses and profits being calculated on the total size of the trade, not the initial deposit.

At Libertex you can access the following ETFs with commissions as low as -0.08%:

  • iShares Core U.S. Aggregate Bond ETF
  • iShares MSCI Germany ETF
  • iShares MSCI United Kingdom ETF
  • iShares MSCI Mexico ETF
  • iShares MSCI Brazil ETF
  • iShares China Large-Cap ETF
  • iShares Core S&P Mid-Cap ETF
  • iShares Latin America 40 ETF
  • SPDR S&P 500 ETF Trust
  • Vanguard FTSE Europe ETF

Options CFDs

Simply put, options trading is broken down into two key types called Puts and Calls. In CFD trading the buyer of a Call option forecasts or speculates that the price of the underlying asset will increase, while the buyer of a Put option predicts that the price will drop.

Buying and selling Options CFDs typically provides more exposure than other trading instruments. As a result, traders and investors can open larger positions at lower costs. For instance, with leverage of up to 1:10, for every £1,000 you deposit, you can trade up to £10,000 worth of Options CFDs.

Having said this, Libertex offers the following Options CFDs with leverage of up to 1:5 and 0.0% commission:

  • Bitcoin
  • Brent Crude Oil
  • DAX
  • S&P 500
  • Gold (XAU/USD)

Libertex Fees & Commissions

CFD trading with zero spreads

The most striking feature when it comes to Libertex’s trading fees is that you do not have to pay the spread. This is a unique occurrence amongst CFD brokers, as spreads are typically charged when commission charges start from 0%. In other words, the spread is the difference between the buy and sell price of an asset.

This means that if the spread is 0.5% you will need to make a minimum of 0.5% in profits to break even. This zero-spread offering is good news for your potential trading returns.

Commission charges

As a result of zero spreads when trading CFDs on Libertex, the free trading platform charges a commission when you trade on the platform. The commission ranges from 0% to -1.623% depending on the underlying asset. All the commissions can be found on the CFD specification page or the trading terminal when you click on an asset.

For example, when it comes to forex trading if you wanted to trade the EUR/USD forex pair you would have to pay a commission charge of -0.011% and you could use leverage of up to 1:20.

The majority of CFD and forex trading platforms offer commission-free trading but this comes with spreads. On the other hand, Libertex facilitates zero spread trading while some instruments such as Options CFDs can be traded on a zero-commission and zero spread basis.

Non-trading fees

The overnight finance fee, also known as the swap fee is a charge incurred to keep your position open past standard trading hours. CFD derivatives are leveraged financial instruments that attract interest. For example, the swap buy fee and swap sell fee for leaving open trades overnight for Apple stock CFDs is -0.0302% and -0.0254%.

The inactivity fee is set at a monthly rate of £10 for users with account balances lower than £10,000 that fail to place significant trades for six months.

Libertex User Experience

If you are a beginner trader with little to no trading experience Libertex is likely a good broker to pick. You can trade CFD derivatives via the Libertex web and mobile trading platforms, or you can use the MetaTrader 4 and MetaTrader 5 platforms.

Libertex MT5

For example, the account opening process is streamlined which makes funding your account very easy. You can browse through financial instruments based on the following criteria from the Libertex web trading platform:

  • Popularity
  • Hot
  • Indices
  • Options
  • Top rising
  • Top falling
  • Top volatility (1 day)
  • Uprising trend 30d
  • Falling trend 30d
  • Commodities
  • Oil and gas
  • Metals
  • Shares
  • Currencies
  • ETFs

You can also create a list of favorites. Alternatively, you can manually search for the tradable asset of your choice by using the search bar at the top of the trading terminal.

In keeping with the user-friendly and intuitive interface, Libertex makes online trading as simple as possible because all you have to do is click on your preferred asset, specify the trade amount and leverage, place an order type such as Stop Loss and Take Profit, and click on either buy or sell to execute the trade.

Overall, Libertex provides a user-friendly trading platform and website for both beginner and seasoned investors.

Libertex Features, Charting, and Analysis

Charting

As we have already discussed, Libertex gives you access to its proprietary trading platform, as well as MetaTrader 4 and MetaTrader 5.

Libertex MT4

Advanced traders and seasoned investors will be all too familiar with the MetaTrader suite and the plethora of trading tools and instruments that you can use. MetaTrader is a third-party trading platform created by MetaQuotes Software Corp. that can be linked with your Libertex trading account. MT4 and MT5 both offer fully customizable trading terminals, as well as automated forex robot services. MT4 and MT5 are compatible with both iOS and Apple devices and you can download the trading software to your desktop.

Charting, Features, and Analysis on the Libertex web trading platform

The Libertex web trading platform is user-friendly and you can start trading your favorite assets with the click of a few buttons.

In terms of the charts, you can fully customize each chart by selecting either bars, candles, hollow candles, line, area, and Heiken Ashi charts. You can set the time interval from anything between 1 second to 1 month.

Libertex Charts

When it comes to technical indicators, there are over 40 to use and these are broken down into three categories:

  1. Trend – such as Aroon, Choppiness Index, Ichimoku Cloud, MACD, Mass Index, Moving Average, Moving Average Exponential, Moving Average Weighted, Parabolic SAR, Price Oscillator, Triple EMA, Williams Alligator, ZigZag, Arnaud Legoux Moving Average, Coppock Curve, Directional Movement Index, Double Exponential Moving Average, Envelope, Hull MA, Least Squares Moving Average, and more.
  2. Oscillators – such as Awesome Oscillator, Balance of Power, Stochastic RSI, Williams %R, True Strength Indicator, and much more.
  3. Volatility – including Bollinger Bands, Bollinger Bands Width, Donchian Channels, Keltner Channels, Relative Volatility Index, Chande Kroll Stop.

You can also compare different assets on the same chart by clicking on the compare button at the top of the screen and entering the asset you wish to compare. You can also use a variety of drawing tools to make the charts suit your trading needs and goals.

The Libertex charts are ideal for beginner traders as each chart features both the traders’ sentiment at the top right-hand corner and an Open Trade Position button so that you can execute trades without having to change tabs or close the chart window.

Libertex traders can also identify unique trading opportunities via the trading signals from the top-rated third-party provider Trading Central.

Libertex Account Types

Libertex offers a live trading account and a demo account with access to paper trading with a virtual account balance of £50,000.

Demo accounts are perfect for new traders to practice online trading and familiarize themselves with the trading platform in a risk-free simulated environment that mimics live market conditions.

You can transition between your live trading account and demo account by simply tapping on either the demo account or real account buttons at the top right-hand corner of the trading platform.

Libertex Mobile App Review

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. This means that you can buy and sell CFD derivatives with zero spreads, and pinpoint the best trading opportunities from your mobile smartphone or tablet.

Libertex mobile trading app

Alternatively, you can download the MT4 or MT5 mobile trading app and log in using your Libertex account details.

The mobile trading platform mirrors the same functionality that you find on the web trading platforms, in that you can trade financial instruments, manage your portfolio, access charts and forex signals from your mobile device.

Another useful and convenient feature is that you can set up price alerts and notifications via the MT4 and MT5 mobile trading apps. This means that you never have to miss a single trading opportunity. Stock and forex trading strategies can become more flexible while reacting to these key events can become much faster as the MetaTrader platforms offer the possibility to use trade alerts.

You can set up alerts to notify you about key trade events so that opportune moments won’t go unattended. Price alerts remove the need to spend countless hours monitoring price movements as the trading platform will notify you in real-time via email or push notification on your mobile device.

Libertex Payments

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.

When it comes to withdrawals, the options include PayPal and Skrill which incur zero withdrawal fees, while credit/debit card, SEPA bank transfer, and Neteller withdrawals incur a small withdrawal fee.

Let’s take a look at a comprehensive list of the available options and the respective fees and processing times:

Deposit Payment Method Fee Process Time
PayPal None Instant
Credit/debit card None Instant
Sofort None Instant
iDeal None Instant
SEPA/International Bank Wire None 3-5 days
giropay None Instant
Skrill None Instant
Trustly None Instant
Multibanco None Instant
Przelewy24 None Instant
Rapid Transfer None Instant
teleingreso None Instant
Neteller None Instant

Withdrawal Methods

Payment Method Fee Process time
PayPal None Instant
Credit/debit card €1 1-5 days
SEPA/International Bank wire 0.5% min €2, max €10 3-5 days
Skrill None Within 24 hours
Neteller 1% Within 24 hours

Libertex 100% Welcome Bonus

Libertex bonus

When you open a Libertex account and deposit a minimum of $100 you could receive a welcome bonus of up to $10,000.

To be eligible for the welcome bonus you need to complete the registration process and fund your account with an initial deposit of at least $100. According to Libertex, the welcome bonus rules state that you can get back 10% of all trading commissions paid as a bonus that is converted into real capital. The broker then pays the converted bonus directly into your trading account in 2% installments. You are obliged to then execute enough trading volume to convert the entire bonus within 90 days.

Libertex Contact and Customer Service

Customer support at Libertex can be contacted via live chat, email, telephone, Whatsapp, and Facebook Messenger.

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 click on the trading education page you can learn the basics of online investing with a 3-hour trading course created by the award-winning investment academy at Libertex.

Is Libertex Safe?

The brokerage firm does not accept clients from and does not operate in any of the following countries, including the United States, Japan, Brazil, and the EU.

Libertex is a trading platform used by Indication Investments Ltd. a Cyprus Investment company that is regulated by CySEC (the Cyprus Securities and Exchange Commission) with CIF licence number 164/12.

On the other hand, Libertex Pty., is a South African financial services provider and is regulated and supervised by the Financial Sector Conduct with FSP Number 47381.

Setting up two-factor authentication on your live trading account is paramount to protecting your funds on the Libertex trading platform. Libertex supports two options for 2FA via text message and Google Authenticator.

When it comes to client fund protection, CySEC regulation requires brokers to hold all clients’ funds in segregated bank accounts. Additionally, you are covered up to €20,000 by the investor protection scheme should Libertex go into insolvency.

How to Start Trading with Libertex

When it comes to getting started with Libertex all you need to do is follow the steps below.

Step 1: Open a Live Trading Account

Libertex register an account

Navigate to the main website and click on Register at the top of the screen. To sign up for a live trading account you will need to enter your email address and a password via the mobile app sign up dialog or via the web platform or site. Alternatively, you can use your Facebook details to create a trading account.

Step 2: Deposit Funds

After your initial deposit, you will be required to upload documents for verification purposes such as proof of identity and residence. Newly registered accounts usually take 3 business days to process.

Step 3: Start Trading

To start trading you can choose between the Libertex web trading platform or the mobile trading app, as well as MT4 or MT5.

From the Libertex web platform simply find your preferred financial instrument and click on either sell or buy. This will populate a trading window whereby you can specify the trade amount, multiplier, and place Take Profit and Stop Loss orders with the click of a button.

Libertex Review – The Verdict

In summary, if you are new to online trading then Libertex is an ideal option for anyone interested in CFD trading with zero spreads and commissions as low as 0% on certain assets.

All in all, the Libertex web trading platform is user-friendly and you can work your way up to a real trading account via the £50,000 demo account. So, to start your online trading journey with a top-rated broker, simply click the link below and open a Libertex account today!

Libertex – Best CFD and Forex Trading Platform with Zero Spreads and Low Commissions

Libertex

83% of retail investor accounts lose money when trading CFDs with this provider.

FAQs

What is Libertex?

Founded in 1997, Libertex is an online discount broker that provides direct access to CFD derivatives trading. This free trading platform covers a wide range of stock CFDs, forex pairs, cryptocurrencies, commodity CFDs, and more. Perhaps the most attractive feature is that Libertex does not charge any spreads, which is unique amongst the majority of CFD and forex brokers. Libertex also provides access to a demo account, MT4, and MT5, and leverage.

Can I trade with leverage on Libertex?

For retail traders, Libertex provides varying leverage of up to 1:30 depending on the asset you choose. Professional traders, on the other hand, have access to leverage of up to 1:500.

Does Libertex support access to MetaTrader 4 and MetaTrader 5?

You can connect your Libertex trading account with either MT4 or MT5 and trade assets on the web, desktop, or mobile trading platforms.

What is the account minimum at Libertex?

The minimum deposit is $10. Moreover, when you open a Libertex account and deposit a minimum of $100 you could receive a welcome bonus of up to $10,000.

How much will it cost to trade with Libertex?

You can trade a variety of CFD derivatives such as forex and cryptocurrencies on Libertex without having to pay a penny in spreads. For those who are unaware, the spread is the difference between the buy and sell prices. Instead, there is a minimum commission when you open a position. For example, if you wanted to invest in the EUR/USD forex pair you would pay a commission of -0.011% with leverage of up to 1:30.

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