Here are the X pros and cons:

libertex Fact sheet

Security is the number one priority for any trader when choosing a broker. Libertex is regulated by two different regulatory bodies: 

• FSC Mauritius, better known as Financial Services Commission – Mauritius
• SVGFSA (Financial Services Authority, St. Vincent and the Grenadines govt.) 
• Indication Investments Ltd., the company that operates Libertex, is regulated by CySEC (Cyprus Securities and Exchange Commission). 

This adds up to three different regulatory bodies for Libertex and is much more guaranteed to be safe for traders than brokers with only one or two regulators. 

Policies of Libertex

Libertex is part of the investor compensation fund, which keeps investors’ funds in segregated accounts, and provides negative balance protection. 

Negative balance protection guarantees that no matter what happens, you will not lose more money than what’s on your account. 

Account segregation also increases the level of safety. Some low-trust brokers mix their company funds with clients' money and in the event of bankruptcy, traders lose everything.

Libertex offers a moderate number of assets for trading. CFDs in various asset classes will enable traders to trade on almost all markets. CFDs or contracts for difference are derivative assets that represent underlying assets which means that the owner of the CFD can trade the underlying assets without owning them. Because of this, CFDs are mainly speculative tools and can amplify profits when used wisely. The risk involved is high when trading in general, and more than 75% of CFD traders lose their money. But, if used with a good strategy, it can be very profitable. CFDs are short-term trading instruments, and if you are keen on long-term investments then Libertex offers their second account type called the Libertex Portfolio account, which is solely dedicated to investors who want to invest long-term and even get dividends. This makes Libertex a unique broker and adds to its flexibility to fulfill both investors' and traders' requirements. The fact that Libertex allows you to invest in stocks for 0% commissions is another great feature for their clients.

Forex CFD trading on Libertex

Libertex offers more than 50 Forex pairs for trading. This includes almost all popular major and minor pairs and many exotic pairs as well. Since Libertex is mainly a CFD broker, trade execution is almost instant. CFDs are known to be the fastest instruments because of their flexibility and lack of need to connect various intermediaries between broker and client. Besides all the advantages, there are some cons to CFD trading, mainly their riskiness is higher than actually owning BTC or any other asset. Because traders in this case rely on price movements instead of saving value long-term. When it comes to transactions, Forex CFDs work in a similar way to other asset classes. Libertex offers 50+ pairs and should allow most traders to find their favorites.

Crypto trading on Libertex

Libertex offers various assets for CFD trading including popular cryptocurrencies such as Bitcoin, Litecoin, and Ethereum. Bitcoin and Ethereum are two of the most recognized cryptocurrencies, and there are plenty of strategies and indicators available for trading these cryptos. This allows traders to find and start testing various popular tools and indicators for major cryptocurrencies easily. In the case of investing, traders have the ability to open a Libertex Portfolio account and save assets for the long term. It is required that traders are careful and knowledgeable about trading CFDs before investing real money in them. So be careful, start with a Demo account and test your skills and strategies before trying anything with real money. 

CFDs trading on Libertex

Libertex offers CFDs for various assets including stocks, indices, commodities, metals, etc. this allows you to trade with almost any asset. This enables traders to execute intraday strategies with higher flexibility than trading with traditional assets. But CFDs have higher risks associated with them. CFDs are great tools for speculation, and traders can make money no matter what the market does. Both bullish and bearish trends are welcomed by CFD traders as an opportunity to make money by short-selling right away or buying the desired CFD.

Stock trading on Libertex

With Libertex, traders have access to 50 global stocks including US blue chip stocks, European stocks, and Latin American stocks. You can trade stocks as CFDs with companies such as Facebook, Apple, Google, Twitter, Microsoft, and other big names all making an appearance. 

Trading stocks as CFDs can be done in both bull and bear markets by going long or short. Physical stocks do not offer such benefits. In addition, Libertex traders can use leverage to increase their purchasing power. 

The ability to choose from various account types and select the one which offers all required features is key when opening an account with a broker. Libertex offers two main account types targeted at both traders and investors. This is unique to Libertex, as many other brokers are solely focused on trading activities. Libertex offers advanced investment accounts for long-term investors with dividend possibilities. The fees and commissions are 0% for investors to use all investment opportunities optimally and comfortably. The only downside is that trading instruments are limited to only stocks and ETFs. 

Pros and cons of Libertex account types and platforms

Libertex Demo account

The Demo account is probably the most important solution for beginner traders to learn trading skills and offers pro traders the possibility to test new strategies. The only difference between a Demo account and a real one is that the funds on a demo are virtual and not real money. This makes a Demo account the closest experience to actually trading without having to put up any cash. 

Libertex offers a demo account with $50,000 in virtual funds on it. This is essential to test not only strategies but see and test brokers' assets and trading execution speeds. This will equip traders with enough practice and experience to try trading live.

Although the demo account doesn’t have the same emotional and psychological effects as trading with real money, it provides necessary prerequisite knowledge that will be needed for live trading.

Libertex Portfolio account

The purpose of this account type is long-term investments and portfolio building. This is an almost unique offer in the Forex trading scene because many Forex brokers just provide trading accounts for speculation and are not generally focused on long-term investment and dividends. Libertex offers the ability to not only diversify risks in investing but to collect dividends from various blue chip companies through this account type. 

No leverage is available here and investors can only buy preferred assets as opposed to trading where short selling of any asset is possible right away. It is possible to buy fractional shares from 0.01 shares and all dividends are paid to the account balance.

Libertex CFD account

Now, this is where trading comes into play. CFDs described above are great speculative instruments. Traders can make money no matter what the market is doing, as such, uptrends or downtrends can be used for selling and buying CFDs. The ability to trade fast on cryptocurrencies, commodities, indices, stocks, etc. makes CFDs a great tool for traders to use. CFDs have more risks compared to investment accounts, but the rewards are potentially higher. 

Getting started on Libertex - first steps

In case you have decided to open a Libertex account, we’ll guide you through all the steps needed to start trading live. The broker provides a user-friendly webpage, and it’s easy to navigate.

There are two websites: libertex.com and libertex.org. Libertex.com is limited to which countries it can be accessed from.

If you are not from the listed countries, the website will route you to libertex.org, where all the information and accounts can be accessed by international traders.

Step one: Opening an account

After opening up the specified website, registration is fairly simple, click on the “Sign-up”, “Start Today” or “Start Trading Now” buttons, and you are ready to start registration.

There are also various bonuses available for newcomers to Libertex. Make sure you read all the necessary information to make sure you know how things work, then simply enter your email address, desired password, and mobile number, and hit the sign-up button below. 

Step two: account verification and waiting times

Verification and confirmation are necessary for trading on any modern broker account that is licensed by a legit regulatory authority. It is required by the regulators that brokers have clients go through a Know Your Clients (KYC) procedure. Just provide all the necessary documents and everything's fine. It usually takes about 24 hours or less for the trading account to get verified after uploading documents. 

Libertex requires a copy of a proof of address and a government-issued ID for verification.

The proof of address can be in the form of a bank statement or utility bill in your name and not older than 3 months.

Step three: choose an account type and trading platform

After all the steps above, it's time to select an account type and trading platform. Libertex offers a home-built Libertex trading platform as well as MetaTrader 4 (MT4) and MetaTrader 5 (MT5) for trading. The MetaTrader platforms are advanced professional trading software that can provide all the necessary tools you might possibly need. There are plenty of built-in indicators and drawing tools to analyze charts in detail. It is also possible to download various tools such as automatic trading bots called Expert Advisors (EAs) as well as many indicators from the MetaTrader marketplace. 

Step four: make your first deposit

Deposits and withdrawals are done using the same methods and it is recommended that traders use the same bank account for depositing and withdrawing money to avoid any complications and unnecessary bureaucracies. Making a deposit is fairly easy and it can even be done before account verification. The broker accepts Visa and Mastercard as well as funding via wire transfer.

Step five: start trading

There are three choices of platforms to start trading with Libertex. The MetaTrader 4 and 5 platforms are probably the best choices for use for those looking to get started as they offer various trading tools, including custom indicators and EAs. MT4 and 5 are professional trading platforms and have been around for years, meaning that there is plenty of information online to help novice traders along. 

Comparing Libertex fees with other popular brokers

In order to better see how Libertex fees and commissions differ from other competitors, let's conduct a thorough comparison between Libertex and other popular brokers’ fees. It will let traders choose the most proper broker that suits their trading needs and style the best.

Libertex fees compared to Interactive Brokers fees

*Inactivity fee was eliminated by IB in 2021, it used to be $20/m

Libertex fees compared to eToro fees

Libertex fees compared to IG fees

Libertex fees compared to XM fees

Libertex fees compared to AvaTrade fees

Libertex fees compared to Capital.com fees

There are three trading platforms that work with Libertex; namely the web trader, MT4, and MT5. 

The web trader offers all basic trading features but is limited compared to the MetaTrader platforms. MT4 and MT5 are very similar in feel and function and are used by professional traders the world over. The web trader doesn't offer spreads immediately, and it takes a click on a specified pair to see its spread. Other than that, it's fine for trading with stop loss and take profit orders available for use along with all the basics. 

The MetaTrader platforms are in a league of their own, with advanced features to analyze charts, draw figures, and use any of the many indicators that come standard. These platforms offer a full set of features necessary for professional trading and even allow for the use of custom indicators and robots that can be downloaded and applied easily. Those traders who know how to program can write their own EAs and indicators using the MQL5 or MQL4 programming languages, depending on the platform.

Mobile trading is available on all smartphones and tablets using Android, HarmonyOS, or iOS. MetaTrader 4 and 5 are easy to download and use the same credentials as on desktop versions. This makes it easy to control the whole trading process from desktop and mobile platforms simultaneously, which is very comfortable. There are some limitations when it comes to mobile trading platforms though, as the number of indicators available are limited compared to desktop versions. Apart from those, the web platform can also easily be accessed if you don’t want to install any apps.

When it comes to education, Libertex provides lessons for beginners with all the necessary tutorials to start trading, which is a great plus for the broker.

Here, beginners can find everything on the basics and important steps before trading. In addition, Libertex also provides some other useful tools like an economic calendar to see all critical announcements from around the world. You can also view news events and fundamental indicators like Nonfarm payroll, etc.

There are various ways that you can contact your broker. Online chatbots will answer almost any question about Libertex products and services. There are also some bots running on Telegram that are very convenient and offer menus for easy navigation. Along with these, you will find a live chat function, but this seems a bit slower than the Telegram bot. If you want yet another way to get in touch then support is also available on WhatsApp. The support team at Libertex can help you in one of four languages. 

As Libertex is regulated by various regulatory bodies (CySEC, FSC Mauritius, and SVGFSA), security is good and they offer negative balance protection which is always a nice thing. The broker is also a part of the Investor Compensation Fund and keeps funds in segregated bank accounts. All this combines to make sure that clients’ funds are in safe hands. Spreads are a bit high and there are no commissions on deposits. There are more than 250 assets available for trading, including Forex, stock CFDs, crypto, commodities such as oil and gas, indices, and ETFs.