Libertex Review – Taxas, Caraterísticas, Prós e Contras Relevados
If you are looking to trade CFDs online – perhaps because you want access to more sophisticated markets or if you are planning to use leverage, you may want to consider Libertex and this Libertex Review .
But is Libertex the right CFD trading software for you? That’s exactly what we aim to find out in this Libertex review. We look at all the key aspects of the tradable assets, fees, payment methods, tools, features, and security.
85% das contas de investidores de varejo perdem dinheiro ao negociar CFDs com este provedor.
Get Started on Libertex in 4 Simple Steps
If you already know that you want to trade with this broker, then you can get started with it by simply following the four simple steps outlined below:
- Open an Account – You can open an account with Libertex in just a few minutes, and it requires a minimum deposit of just €100.
- Fund Your Account – Libertex offers a wide range of free deposit methods, including bank transfer, debit/credit card and a large number of e-wallets such as Skrill and PayPal.
- Confirm Your Identity – As Libertex is regulated by CySEC, you will need to verify your identity and address, which can be done quickly.
- Trade ! – You can download the MetaTrader 4 trading software or use Libertex’s own web-based trading software, which is feature-rich and user-friendly.
If you want to know more about Libertex and all the features and services it offers, then keep reading!
85% das contas de investidores de varejo perdem dinheiro ao negociar CFDs com este provedor.
What is Libertex?
Part of the Libertex company, launched in 1997, Libertex is an online stock and CFD trading broker with a solid reputation that now spans over two decades. The Libertex trading platform has over 2.2 million clients across a number of countries. This includes a good mix of retail traders and experienced investors as well.
Unlike many of its industry counterparts, Libertex doesn’t offer an overbearing service that comes packed with thousands of financial instruments. Instead, the platform has decided to specialize in stocks and CFDs – covering over 250 underlying assets. This includes a good selection of stock CFDs, ETFs, forex, cryptocurrencies, commodities and more, but also real-world stock investing.
Libertex CFDs can be traded with leverage. This is limited to up to 1:30 if you live in Portugal and are a retail trader.
When it comes to the CFD trading account itself – Libertex offers two options. For those who are more interested in an intuitive trading experience, without the clutter of advanced tools, the Libertex trading platform may be more suitable for you. However, if you have a lot of experience in the online trading industry and want to make use of technical indicators, drawing tools, custom screens and even automated robots – you can trade via MT4 and MT5.
What Stock CFDs Can You Trade with Libertex?
First and foremost – when trading CFDs it is important to remember that you are not “buying” or “selling” shares on Libertex. Instead, you are trading CFDs on shares. This means that you are trying to predict whether the share price will go up or down in the short term.
Fundamentally, the CFD instrument you trade on Libertex is not backed by the stock itself and as such you will not have a legal claim to the shares. But – and as we will cover in more detail shortly – this comes with the added benefit of reasonable trading fees, the ability to go long and short and access to leverage facilities.
In total, Libertex offers 50 CFD markets. This mainly focuses on the major blue-chip stocks listed on the New York Stock Exchange and NASDAQ. For example, you can trade CFDs on shares such as Tesla, Facebook, Amazon and Apple. There are also a number of stock CFD markets from the UK, Europe and Latin America.
In terms of specific sectors supported by Libertex’s stock CFD department, this includes everything from cannabis and technology stock CFDs to pharmaceutical stocks and retail CFDs.
85% das contas de investidores de varejo perdem dinheiro ao negociar CFDs com este provedor.
Trading with Forex CFDs
Libertex is well-known in the online forex CFD trading industry. The platform offers most major and minor CFD pairs – including EUR/USD, GBP/USD, USD/JPY and USD/CAD CFDs. While it is standard in the industry for an online CFD broker to offer the most popular CFD trading pairs in the industry, what we like about Libertex is that you can also trade a wide range of exotic pairs.
These are simply forex CFD pairs that contain at least one emerging currency. This includes CFDs on the Mexican peso, the Singapore dollar, the Turkish lira, the South African rand and more. These exotic currency CFDs can be traded against major currency CFDs such as CFDs on the USD, the EUR or the GBP.
CFD Trading on Commodities
On top of forex CFDs, you will also be able to engage in trading commodities CFDs from Libertex. This covers the three main categories, such as CFDs on energies, hard metals and agricultural products.
Below are the specific commodities that you can trade on Libertex.
- Metals CFDs: Gold, Silver, Copper, Platinum, including ETFs on Platinum, Palladium
- Energies CFDs: Brent Crude Oil, WTI Crude Oil, Henry Hub Natural Gas, Heating Oil, Light and Mild Crude Oil
- Agriculture CFDs: Coffee, Cocoa, Soybeans, Wheat, Corn, Sugar
While most retail commodity CFD brokers in Portugal focus only on the major oil, gas and gold CFDs – as you can see above – Libertex goes a step further.
CFD Index Trading
If you are also interested in entering the CFD index trading industry, you will be happy to know that Libertex offers a range of CFDs.
Major market indices include:
- NASDAQ 100
- DOW JONES 30
- SP 500
- RUSSELL 2000
- FTSE 100
- CHINA 50
- HANG SEN
- NIKKEI 225
You will also have access to a good number of less liquid stock market CFD indices such as:
- SPAIN 35
- ITALY 40
- RUSSIA 50
- ISRAEL 35
- CHILE INDEX
85% das contas de investidores de varejo perdem dinheiro ao negociar CFDs com este provedor.
Trading ETF CFD
Libertex gives you access to 10 ETF CFD trading markets. Compared to other CFD brokers in the industry, this is a rare find. Most ETF CFDs are supported by iShares, while there is also a CFD market offered by Vanguard band SPDR.
Libertex Fees and Commissions
Libertex claims to offer an industry-leading pricing structure, and as such, we’ve explored the details of the fees you should expect to pay when using the platform to trade. So, be sure to review the sections below to ensure you fully understand what you’ll be charged when using Libertex.
Tight Spreads
The standout argument when it comes to selling and fees is the tight spread offering. This is something we haven’t seen before in the CFD trading industry, as spreads are a fee charged by platforms of all shapes and sizes. For those who don’t know, the spread charged by brokers is simply the difference in price between the buy price and the sell price.
For example, if the spread amounts to 0.4%, then that means you will need at least 0.4% in gains just to break even. In other words, when you trade online, the spread ensures that you will always start the trade with a slight loss. Therefore, the fact that Libertex allows you to trade in a tight spread environment is good news for your potential tight spreads.
Trading Commissions
One of the main complaints we have about Libertex is that it is not overly transparent about the commissions it charges. However, you can find all the information about Libertex commissions on the official website.
- The specific commission you pay will depend on the underlying asset and market you are looking to trade.
- The most profitable market is the largest section of forex pairs which has an average commission of just 0.0003%
- There is currently 0% commission for CFD cryptocurrency trading
- If you are looking to trade CFDs on shares, you will pay a commission fee of 0.0003%.
While there are now several commission-free CFD brokers that cater to traders from Portugal, it’s important to remember that you will always have to pay a spread. In the case of Libertex, the spreads are tight and the commissions are quite competitive. Therefore, you will need to consider both trading costs to get a clear picture of whether or not your choice of platform is competitive.
85% das contas de investidores de varejo perdem dinheiro ao negociar CFDs com este provedor.
Other Fees to Consider
While spreads and commissions will have the biggest impact on your trading portfolio, there are several other costs to consider before joining Libertex.
This includes:
- Overnight Financing : As with any trading site available in Portugal, all CFD markets attract overnight financing. Also referred to as ‘swap fees’, this is a fee that you will pay for each day that you keep your position open. This is because CFDs are leveraged financial products and as such – they attract interest.
- Inactivity Fee : If the client’s account is inactive for 180 calendar days (i.e. no trading, no open positions, no withdrawals or deposits) the company reserves the right to charge an account maintenance fee of €10 per month (Applies to clients with a total account balance of less than €5,000).
The good news is that Libertex allows you to deposit funds without paying any fees.
Libertex Platform and Trading Tools
As we mentioned earlier, briefly, Libertex offers three trading platforms – MT4 and MT5 (this is our selection of the best MT4 brokers) and its own Libertex trading platform.
MetaTrader 4 (MT4) and MT5
If you are an experienced trader, then you will be familiar with MT4 – and its latest version MT5 – and the many features and tools it offers. For those who don’t know, this is a third-party trading platform that is established between you and Libertex. You will have access to many technical indicators and chart drawing tools.
You can fully customize your trading screen and best of all – install an automated forex CFD robot . MT4 can be accessed directly from the Libertex website and you can download MT4 for Mac. However, to get the most out of the platform, you should consider downloading the software to your desktop device.
Libertex trading platform
MT4 can be a bit overwhelming if you are new to the online trading industry. This is because for a beginner – you may find the size and depth of its features and tools a bit intimidating. If this is the case, then we suggest using the Libertex trading platform. This is the online platform designed and maintained by the Libertex company itself.
There is no requirement to install any software, as everything can be accessed through your standard web browser. Libertex’s web trading software offers a user-friendly design that is perfect for those with little experience. You can easily find the market of your choice by using the filter feature or simply searching for it.
Libertex App
Like most of the best active CFD brokers in the industry, Libertex offers a fully-fledged CFD trading mobile app. The app is available on both Android and iOS devices – subsequently ensuring that you get a trading experience in the palm of your hand.
You can access the Libertex app via their website. You will then be redirected to their Google Play or Apple Store to complete the download. It should also be noted that you can access your Libertex account on the go via the MT4 app. All you need to do is install the MT4 app and log in with your Libertex credentials.
Libertex Demo Account
One of the best features available at Libertex is the fact that you have access to a demo account facility whenever you want. On the one end of the spectrum, this is great if you are completely new to online trading. After all, the demo account – which comes pre-loaded with a trading balance of €50,000 – allows you to trade in a 100% risk-free environment.
Best of all─ the demo account setup mirrors real-world trading conditions. This way, you can get a feel for how the financial markets work before diving in with a real-money deposit.
On the other end of the spectrum, the Libertex demo account is also useful for experienced traders. This is because it gives you the chance to test out new strategies and trading systems.
85% das contas de investidores de varejo perdem dinheiro ao negociar CFDs com este provedor.
Leverage on Libertex
As with most CFD trading sites, Libertex offers leverage facilities on all its markets. If you are a daily retail trader, residing within the EEA or Switzerland, then you will be limited by the limits imposed by ESMA.
This means that the maximum leverage you can get is up to 1:30 when trading major forex pair CFDs. Minor/exotic forex pair CFDs and gold CFDs can be accessed with 1:20 leverage. Stock CFDs reach 1:5 and cryptocurrency CFDs 1:2.
Payments on Libertex
When it comes to deposits and withdrawals, you will have access to a full range of supported payment methods.
This includes:
- Debit cards
- Credit cards
- Skrill
- Neteller
- SOFORT
- Giro Pay
- Trustly
- Bank Transfer
- Neosurf
- PayPal
- Between others
Please note that there are no fees charged for depositing funds to Libertex – regardless of the payment method. Apart from a traditional bank transfer, all of the payment methods listed above are processed instantly. This ensures that you can start trading immediately and without delay.
When it comes to withdrawals from Libertex, processing times depend on the specific payment methods. For example, e-wallets like Skrill, PayPal and Neteller, and the fastest ones like Libertex, usually process this in less than 24 hours. Once they do, the funds will be credited to your e-wallet within a few seconds.
All withdrawals from e-wallets such as Skrill and PayPal are also free of charge. If you choose to withdraw using a debit/credit card, processing times can take anywhere between 1 and 5 days. A small fee of €1 will apply. Bank transfers take between 3 and 5 days to process and incur a fee of 0.5% (min €2, max €10).
Customer Service at Libertex
Libertex offers a wide range of support channels. The easiest way to speak to a consultant in real time is through the live chat function.
Customer support is available via email, phone and chat from Monday to Friday from 8:00 am to 6:00 pm CET.
If you would like to speak to a member of the Libertex team over the phone, you can contact them on +357 22 025 100 (Cyprus number).
If you wish to send an email to Libertex, you can contact them at: [email protected].
The help and support section also offers a reasonably comprehensive FAQ section, where you can find the answer to your question without having to contact Libertex.
Is Libertex Regulated?
First of all, Libertex has been around for over a decade. That said, the most important aspect of knowing whether the platform is reputable or not is to regularly check its status.
Libertex is fully licensed with the Cyprus Securities and Exchange Commission (CySEC). This alone ensures that Libertex must meet a set of strict regulatory requirements. For example, all new account holders must verify their identity after a deposit has been made.
Additionally, CySEC brokers must keep client funds in bank accounts separate from their own accounts.
85% das contas de investidores de varejo perdem dinheiro ao negociar CFDs com este provedor.
Libertex Pros and Cons
Pros:
Cons:
Register on Libertex Today - Step-by-Step Guide
If you are ready to trade with CySEC regulated broker Libertex with CFD spreads on stocks, cryptos, indices, forex and more, follow our step-by-step guide below.
Step 1: Open an Account
Opening an account with Libertex is very simple. Just click on the registration button on the broker’s homepage and fill in some personal details.
The broker will also want to know more about you and as such, there will be a short questionnaire to fill out. This includes finding out more about your employment, trading experience and so on.
85% das contas de investidores de varejo perdem dinheiro ao negociar CFDs com este provedor.
Step 2: Verify Your Identity
As Libertex is regulated by CySEC, it will have to adhere to strict anti-money laundering regulations and will need to verify your identity. These documents can be easily submitted via the client portal area.
The following two documents are all you need:
- Passport or driving license
- Proof of address - such as an invoice or bank statement
Verification is a simple process and can be completed in minutes!
Step 3: Deposit Funds
With Libertex, you only need a minimum deposit of €100. You can fund your free account using a wide variety of methods, including:
- Bank transfer
- Credit/Debit Card
- E-Wallets such as Skrill, Trustly, GiroPay, Rapid Transfer, Neteller, among others
Step 4: Choose Your Underlying Asset
With Libertex, you can trade CFDs on a wide range of markets, such as CFDs on stocks, cryptos, indices, forex, commodities and more.
Step 5: Negotiate!
The Libertex trading platform is user-friendly and offers a number of interesting features. Once you have selected the underlying asset, you can easily open a trading ticket to buy or sell.
From here you can add stop loss or take profit, as well as see a chart of the market you are trading.
The chart also specifies the trading commission which is clear and transparent along with the zero tight spread offering.
Part of the Libertex company, which launched in 1997, it has been in the CFD industry for some time now. Libertex offers a fairly small number of CFDs at around 250, although most of the most traded underlying asset classes are supported. You can instantly deposit funds to the broker free of charge and benefit from tight spreads on all CFDs. We like the fact that you have the choice of the Libertex trading platform’s MT4 or MT5 and you can also access your account via a native mobile app. All in all, Libertex covers most of the options in the online CFD trading industry. If you’re interested in opening an account now, just click the link below!
85% das contas de investidores de varejo perdem dinheiro ao negociar CFDs com este provedor.The Verdict
Libertex – One of the Top CFD Brokers with Low Fees
FAQs
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