Libertex review and ratings

Established 1997
Location Cyprus South Africa
Regulation CySEC, FSCA
Offices Limassol, Cape Town
Broker type STP
Leverage up to 1:500 (1:30 for EU clients)
Deposit from 10 USD
Spreads mid  mid
Platforms Web MetaTrader 4 MetaTrader 5 Specific
Instruments Currencies Crypto Indices Metals Energies Softs Stocks ETFs
Funding methods Wire Transfer Credit Cards PayPal Skrill Neteller Trustly iDeal Sofort Giropay PaySafeCard Przelewy24

Company information

Libertex group includes 2 related companies.

Libertex CY - located in Cyprus, regulated by the Cyprus Securities and Exchange Commission (CySEC).
Libertex SA - located in South Africa, regulated by the Financial Sector Conduct Authority (FSCA).

Be aware, CY company has some trading restrictions because of the European Securities and Markets Authority (ESMA) influence.

Availability

Libertex accepts clients from all over the world, excluding USA, Brazil, Russia, Japan and some other countries where restrictions apply.

Distinctive features

Trading instruments

Forex broker offers the following underlying assets for trading.

50+ Currency Pairs Based on major and minor world currencies.
50+ Crypto Pairs Based on Bitcoin, Bitcoin Cash, Bitcoin Gold, Bitcoin SV, Ethereum, Ethereum Classic, Litecoin, Ripple, IOTA, NEO, OmiseGO, QTUM, Monero, Zcash, Tron, Nem, Stellar, Cardano, EOS, Tezos, Chainlink, Cosmos, Maker, Ontology, UMA, Aave, YFI, Compound, SNX, Polkadot, VeChain, Uniswap, 0x, Theta Network, BNB, Algorand, Solana, Avalanche, Terra, Elrond, Filecoin, Chiliz, PancakeSwap, SushiSwap, THORChain, Enjin Coin, Polygon, SHIB, ICP, Axie Infinity.
30 Indice CFDs Based on baskets of different blue-chip stocks, US Dollar Index, Volatility Index and specific Crypto Indexes.
5 Metal CFDs Based on Gold, Silver, Platinum, Palladium and Copper.
6 Energy CFDs Based on Crude Oil (WTI, Brent), Heating Oil and Natural Gas.
6 Soft CFDs Based on Cocoa, Coffee, Corn, Soybean, Sugar, Wheat.
100+ Stock CFDs Based on shares of US, UK and EU companies.
10 ETF CFDs Based on exchange-traded funds containing various tradable assets.

Comprehensive review

Libertex is a forex and CFD broker that offers trading with high leverage across a large range of asset classes. Having been active since 1997, the company can by now be considered a veteran in the trading industry.

The broker is organized into two separate entities, with libertex.org being reserved for international users and libertex.com being exclusively for users based in the EU. As usual in the EU, leverage is limited to only 1:30 even for the most liquid assets like major forex pairs. Internationally, however, Libertex offers leverage as high as 1:500 on the most liquid instruments.

A good thing to note for traders considering this broker is that it is fully regulated regardless of which entity they fall under. In the EU, Libertex is regulated by the Cyprus Securities and Exchange Commission (CySEC), which in turn is overseen by the European Securities and Markets Authority (ESMA). Internationally, the broker is regulated by South Africa’s Financial Sector Conduct Authority (FSCA).

The main thing that stands out about Libertex is the fantastic selection of trading instruments it offers. These instruments cover nearly all asset classes imaginable, wth the only major exceptions being bonds and interest rates.

At the time of writing, stock CFDs from more than 100 companies listed in the US, UK and EU are available for trading, in addition to more than 50 forex pairs, and a large selection of over 50 small and large-cap cryptocurrencies. Notable about the crypto pairs offered is that these include both US dollar pairs, as well as crypto-to-crypto pairs like Ethereum/Bitcoin.

Further, the broker also offers a large number of equity indices, as well as various commodities and exchange-traded funds (ETFs) in the form of CFDs.

As far as trading platforms go, Libertex has chosen to rely mostly on the popular MetaTrader 4 & 5 (MT4/MT5) platforms, available as a downloadable version for Windows computers and as a web version for use on any type of computer.

In addition to MetaTrader, the broker has also developed its own mobile trading platform, which is available to download as an app for Apple, Android, and Huawei phones.

Unlike most other brokers we have reviewed here on FX-List, Libertex offers only one type of live trading account for all of its clients, in addition to a demo account. This means that all clients will have access to the same trading conditions regardless of how much money they choose to deposit in the account. With a minimum deposit of just USD 10, Libertex is thus an interesting option for traders who are just getting started on their trading journeys.

In order to reach Libertex’s customer service, clients of the international branch of the broker are asked to use email, while clients of the European branch also have the option of contacting the broker via phone at the Cyprus office.

Unfortunately, the broker has not stated any working hours for its support team, which makes us suspect that 24 hour service is most likely not available here.

In conclusion, we see Libertex as a veteran company in the forex trading industry that is also fully regulated in two different jurisdictions. This adds credibility to the name, and can perhaps bring a level of comfort to clients, whether they are based in the EU or elsewhere. We also like the broker’s large selection of assets, which we believe should cover the needs of most traders.

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