Before you open your first trading account, you need to do some research to find a reputable CFD broker that can provide you the necessary tools and services to operate an online trading account. If you’re wondering what is Libertex, their supported markets and products, fees and trading platform features, regulatory status and more, read this Libertex review. Libertex: Reputable CFD Broker with Tight Spreads Our Rating Regulated by CySEC Trade CFDs on Forex, Crypto, Stocks, Commodities Libertex supports MT4 & MT5 and Libertex In-House Trading Platform Beginners Trading Course Open Free Demo Account 70.8% of retail investor accounts lose money when trading CFDs with this provider. What is Libertex? Part of the Libertex Group, founded in 1997, Libertex is a Broker regulated by the Cyprus Securities and Exchange Commission with License number 164/12. Libertex offers tradable CFDs with underlying assets being commodities, Forex, ETFs, cryptocurrencies, and others. Libertex also offers commission-free investments of real stocks. Besides the Libertex trading platform you are also able to use Metatrader 4 and Metatrader 5 for trading with the provider. Libertex executes orders based on a Market Maker model and does not offer an ECN/STP connection. Pros & Cons Offers a user-friendly in-house trading platform Over 250 underlying assets Offers the popular MetaTrader4 & MT5 Tight spread Regulated by CySEC Does not offer an ECN/STP model 100 EUR minimum deposit Markets and Products Score: 8/10 Libertex offers a wide selection of over 250 underlying assets categorized into forex, indices, stocks, commodities (metals, energy, and agriculture), ETFs, and cryptocurrencies. A similar amount to other CFD brokers in the industry. Here’s a preview of the underlying assets list at Libertex: Forex CFDs – Major, minor, crosses, exotics Stocks (shares) CFDs – Medical cannabis, automobile industries, consumer good, consumer services, healthcare, finance, energy, industrials, luxury, telecommunications, technologies, materials, and potential trading assets. Metals CFDs – Gold, silver, palladium, platinum, and copper. Indices CFDs – 15 global indices from different regions across the globe: North America, Europe, Asia, the Middle East, and South America. Cryptocurrency CFDs – A selection of 40 cryptocurrency pairs including Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and Ripple. Agriculture CFDs – Corn, wheat, soybean, coffee, sugar, and cocoa. Oil and gas CFDs – Brent crude oil, light sweet crude oil, natural gas, WTI crude oil, and heating oil. Exchange-Traded Funds (ETFs) CFDs – A selection of 10 ETFs Special Features Score: 9/10 Libertex CFD broker offers some very impressive features to support users in their trading. Here’s what’s available: ➡️Automated Trading In addition to the Libertex in-house trading platform, the broker offers the popular MetaTrader4 and 5, which includes an automated trading system. The MetaQuotes Language 4 (MQL4) is a programming language for automated trading through MT4, enabling traders to develop trading robots, technical indicators, scripts, and function libraries. ➡️Top rising and top falling Assets on the day The broker offers a list of 10 top rising and 10 top falling assets on the day as part of the Libertex trading platform. Supported Countries Score: 6/10 Libertex supports countries in the EEA (European Economic Area) as well as in Switzerland. Languages Score: 8/10 The details on the Libertex website are in these languages – English, Spanish, Portugese, German, Dutch, Italian, Polish and French. Then the Libertex in-house trading platform itself is available in 10 languages: English, Spanish, Portugese, German, Dutch, Italian, Polish, French, Russian and Turkish. Trading Platforms Score: 8/10 Libertex offers a proprietary in house trading platform which is available as a web-based platform and on a mobile device. The platform is compatible with Mac and Windows and as a mobile application on iOS and Android. Apart from its in-house trading platform, Libertex provides the popular MetaTrader4 and MetaTrader5 trading platforms. The broker offers a demo account of 50,000 Euros. Libertex In-House Trading Platform Libertex offers its own proprietary in house trading platform. The broker allows access to the platform through the Libertex’s website. The platform is user-friendly. The platform includes a news feed section and a useful top menu of various markets, popular, top rising and falling assets on the day. MetaTrader4 The second trading platform offered by Libertex is the MetaTrader4 platform, one of the most popular trading platform for CFD traders. MT4 is available as a mobile application on the Apple Store and Google Play and has many features including economic news, Expert Advisor (automated trading), advanced technical indicators, and an extensive selection of plugins. Fees and Limits Score: 7/10 Fees and Commission The broker charges additional commission such as an inactivity fee, withdrawal fee, and transaction fee while offering tight spread trading. Here are the additional fees charged by Libertex: Transaction fee – The fee taken once a trade has been opened Withdrawal fee – The broker charges a withdrawal fee depending on your withdrawal method. Withdrawals via Skrill or Paypal are free of charge. Note that most brokers in the industry do not charge a withdrawal fee. Inactivity fee – If the client’s account is inactive for 180 calendar days (i.e. there is no trading, no open positions, no withdrawals or deposits), the company reserves the right to charge an account maintenance fee of 10 EUR per month (applies to clients with total account balance less than 5000 euros). Rollover/overnight fees – Rollover fee is taken at the end of a trading day at 9 pm GMT as an interest, which may be either positive or negative. Take note that for CFDs, the rollover will be triple when rolling over a position from Friday to Monday. Spreads Here’s an area where Libertex excels. The broker offers a tight spread model for all CFD products, meaning you can trade with a low gap between the bid and ask price. Deposit and Withdrawal fees Libertex charges a withdrawal fee. Here you can find the fees that may incur when you withdraw your funds from Libertex: Minimum Deposit Requirement Libertex has a deposit requirement of 100 EUR. Account Types Score: 6/10 Libertex only has one live account type and a demo account and there’s no option to choose an account type based on your initial deposit and other significant factors such as execution model (ECN/STP), spreads, Islamic (swap-free) account, etc. How to Sign Up and Trade on Libertex There is no need to download the platform, Libertex allows you to trade in your web browser. Follow these steps: On Libertex homepage, click on the ‘Log-In’ button at the top-right corner of your screen. You will be transferred to Libertex in-house trading platform. Note that you are not yet connected to your account. Click the Sign-Up button on the registration window and fill in the required details. Click the fund your account and choose your preferred payment method. You’re now ready to start trading. How to Configure Your Libertex Account Here are some of the basic steps in order to configure your Libertex trading platform: Form a favorite list – Click on the star next to a certain asset in order to add it to favorites. Chart Settings – Change the chart’s style to candlestick and open a full screen in order to add technical indicators such as Moving Average, RSI, and Fibonacci. Regulation Score: 9/10 Libertex is regulated and supervised by the Cyprus Securities and Exchange Commission (CySEC) with CIF Licence number 164/12. Deposit and Withdrawal Process Score: 8/10 Payment options Libertex offers an extensive selection of payment methods. We remind you that the broker charges an additional commission for withdrawals depending on the method. Here are the payment methods offered by Libertex: Deposits Credit/debit card Skrill eWallet Paypal Sofort SEPA/International bank wire Neteller Giropay Trustly iDeal Multibanco Rapid Transfer Withdrawals Credit/debit card Skrill eWallet Paypal SEPA/International bank wire Neteller Withdrawal process The Libertex withdrawal process can be done through the web platform and the mobile application. In the web trading platform, click on the withdraw tab. On the mobile platform, select Wallet and then Withdraw Funds. Education and resources Score: 8/10 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. Customer Service Score: 9/10 The broker provides multiple customer support options that include phone, email (submit a support ticket) or live chat. Support is available in English, German, Italian, Spanish, French, Dutch, Polish, Russian, Greek, and available Mon-Fri from 8am till 6pm CET. Mobile App Score: 8/10 Libertex offers a mobile application for both trading platforms, the Libertex in-house, and the MetaTrader4. Both mobile applications are available on the Apple Store and Google Play. Libertex KYC Process Score: 6/10 If you register with Libertex, according to anti-money laundering regulations, you will need to upload documents to prove your identity and residency. It is recommended to finalize the verification process immediately after deposit. Conclusion Libertex is one of the first online CFD brokers in the industry with more than a decade of experience. The broker is regulated by CySEC and offers a selection of over 250 underlying assets on its trading platform. Want to try out Libertex for yourself? Simply click the link below to get started with an account today! Risk disclaimer – CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70.8% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Libertex: Reputable CFD Broker with Tight Spreads Our Rating Regulated by CySEC Trade CFDs on Forex, Crypto, Stocks, Commodities Libertex supports MT4 & MT5 and Libertex In-House Trading Platform Beginners Trading Course Open Free Demo Account FAQs What is the minimum deposit to open a CFD account at Libertex? Libertex has a minimum deposit requirement of 100 EUR. Is Libertex a regulated broker? Yes, Libertex is regulated and supervised by the Cyprus Securities and Exchange Commission (CySEC). Is Libertex reputable? Yes. Libertex is a regulated, long established broker that is popular around the world. How many underlying assets are available on Libertex? Libertex provides a selection of over 250 underlying assets. Is Libertex available in the US? No, Libertex does not accept US residents. Does Libertex support MetaTrader4? Yes. In addition to the in-house trading platform, Libertex offers MetaTrader4 on a desktop, web-based, and mobile application. MT5 is also supported.