Libertex Forex Broker Review: All you need to know

Libertex Broker Review Introduction

In a world of brokers that come and go, Libertex is a solid rock that has been in place since 1997, offering exceptional service and establishing a glowing reputation among traders all around the world.

The broker now boasts 2.9 million clients in over 120 countries and is fully regulated by the Cyprus Securities and Exchange Commission, giving them the ability to operate all across the EU.

Prospective clients can feel confident this broker will properly protect all funds. You will also find a good selection of assets available for trade with leverage that goes to 1:30 for retail traders and 1:600 for professionals.

Broker Regulation

Libertex is fully licensed and regulated in Cyprus by the Cyprus Securities and Exchange Commission (CySEC), giving the broker the ability to offer its services across the European Union.

They hold CIF license number 164/12 and in line with regulatory requirements have frequent financial reporting, transparent operations, and client fund security. Thanks to this, traders can work with Libertex without worrying over anything but the market movements.

Traders across the globe have put their trust in Libertex, and during more than 23 years the broker has grown to service 2.9 million clients. As a fully licensed and regulated market maker, Libertex offers its clients a superior trading experience.

This includes the full separation of client and broker funds, protection of all user data, and secure encryption of all data transfers. In short, Libertex has taken every step to ensure complete security for its clients.

Account types

Libertex goes against the grain of other brokers by offering just one account type. Just one account type that serves all clients equally.

In addition to the basic account, which offers leverage of 1:30 per regulations in the European Union, there is also the possibility of opening a professional account. The professional account grants leverage of up to 1:600. The requirements for a professional account are as follows:

• Sufficient trading activity in the last 12 months
• Relevant experience in the financial services sector
• Financial instrument portfolio of over €500,0001 (including cash and financial instruments)

Clients can also take advantage of a free demo account to test out trading strategies before applying real money to them. And there is a Status levels program that grants discounts on trading commissions based on the clients’ lifetime deposits.

Trading Platforms

Libertex also keeps things simple by offering just two trading platforms – their own proprietary Libertex Platform, and the award-winning MetaTrader 4 platform.

Libertex In-House Trading Platform

The web-based trading platform from Libertex features one-click trading and easy access to markets. It has a user-friendly interface that is suitable for beginners or experienced traders. And it also comes as a mobile application in both Android and iOS versions.

Whether using the web-based version or the mobile platform clients enjoy a wide array of powerful trading tools and indicators. The Libertex platform is also required to take advantage of the Status levels program that gives traders reduced commissions.

MetaTrader 4

Experienced traders are no doubt familiar with MetaTrader 4. It is an award-winning trading and charting platform and is widely considered the gold standard when it comes to forex trading. Traders can take advantage of over 100 analysis tools that are built into MT4. There are also flexible order management tools, and the ability to take advantage of trading signals and a built-in economic news feed.

Education and Research

Libertex provides its own research news articles to clients, as well as research and recommendations from Trading Central. This is through the Libertex trading platform, and the broker does not advertise this offering. You will also notice an Education and News link on the Libertex website, however the Education section includes just a few videos, most of which are webinar recordings, while the news section is weekly updated.

Customer Service

Customer support at Libertex is much as you would find at any broker. It is 24/5 support, and the team can be contacted via email, telephone, and online chat. There is also a comprehensive FAQ on the website that can answer most of the common questions new and prospective traders might have.

The customer service team at Libertex has won awards in the past, which is a testament to the broker’s commitment to their clients.

• Phone: +357 22 025 100
• Email: info@libertex.com

Sponsorship

Libertex has entered a multiyear deal with Tottenham Hotspur and Valencia CF as the clubs’ "Official Trading Partner". Libertex and the clubs share a passion for the best for all supporters, fans and traders and are happy to provide the best perks money cannot buy, such as attending matches as VIP guests, exclusive stadium events with players and club legends, behind-the-scenes stadium tours, signed branded merchandise and many others.

Libertex Review In Conclusion

Over the 23 years that it has been in business, Libertex has built-up a solid reputation as a trustworthy broker. It is CySEC regulated, and clients appreciate the security offered by Libertex. Excellent pricing gives it an edge, and the over 250 assets available give traders plenty of selection.

The broker also offers two strong trading platforms. Both have excellent tools and capabilities, but the only way to find out is to discover them on your own while using them. Customer support is another strong point of the broker, and the customer support team has been the recipient of several awards for their excellent service.

Overall, we found Libertex to be a good broker and what they have to offer is significant.