Libertex Review: Is Libertex Broker Good?
If you are an investor who is interested in the Forex market, this article is a must-read. This article will help you choose the right Forex broker that is reliable and trustworthy, making your trading more efficient.
One of the brokers that we will review and introduce to you isLibertexAn old broker with a long experience in the financial industry. So this article will take you to know this broker more deeply than before. Is trading with Libertex good? Is it a suitable option for investment? With this review article
Broker Overview and General Broker Information
Libertex Broker is a broker established in 1997 under the Libertex Group, which provides online asset trading brokerage services, including commodities, Forex, ETFs, cryptocurrencies, and others. The broker has grown continuously, emphasizing the advantage of free commissions for investing in real stocks, resulting in more than a million customers spread around the world.
In addition, the broker has received more than 40+ global financial industry awards, such as Best Trading Platform from FX Report Awards 2022, etc.
Broker Licensing and Regulation
If you ask whether Libertex broker is good or not, you should start by considering the license and registration first. Libertex broker is a trade name of Libertex International Company LLC.Libertex.orgIt is operated by MAEX LIMITED, a company registered in the Republic of Mauritius (Registration No. 158250 C1/GBL and License No. С118023400 issued by the Financial Services Commission of Mauritius).
The legal entity receiving payments from customers and transferring credit card payments back to customers is Holcomb Finance Limited, a company registered in Cyprus (Kennedy, 12, KENNEDY BUSINESS CENTRE, Floor 2, 1087, Nicosia, Cyprus, Registration No. HE 183254).
Broker Products and Services
Trading products
Brokers offer a wide range of investment products to suit all needs, covering Forex, stocks, indices, precious metals, agricultural commodities, oil and gas, ETFs and cryptocurrencies.
Forex: Trade Forex, make transactions quickly, trade a variety of popular currency pairs, choose from major currencies, minor currencies, and even exotic currencies in the market.
Stocks: Trade world-renowned stocks, with over 50 of the most volatile stocks on the market, including US blue chips and popular stocks from Europe and Latin America.
Indices: Trade global indices with the best performing stock indices and best speculative potential. Choose from a variety of indices to invest in, ranging from the US SP500 to the Israeli TA35.
Metals: Trade metals, assets suitable for easy profit. Start with only 10$ capital.
Agricultural Commodities: Trade agricultural CFDs, which have low volatility, making this asset class suitable for long-term investment with high returns expected.
Oil and Gas: Invest in assets whose prices are easily predictable. You can forecast and listen to news to understand the trends in crude oil and other natural resources prices to make profits with a starting capital of only $5.
ETFs: Invest in a variety of ETFs in mutual funds. You can enter both Buy and Sell.
Cryptocurrency: Trade Cryptocurrency, an asset that has no market opening/closing time, allowing investors to make profits at any time with lower fees than many brokers.
Trading Platform
The broker offers trading via three platforms: MetaTrader 4 (MT4), MetaTrader 5 (MT5) and Libertex App.
1.MT4:MetaTrader 4A basic trading program suitable for all new investors. Easy to use, convenient, fast, the most convenient platform to start trading.
2.MT5:MetaTrader 5A globally popular trading program with a reliable system, standards and tools to help investors trade with high efficiency.
3. Libertex App:Make investment possible anywhere, anytime. Don't miss the opportunity to invest and make a profit. You can use the complete trading app. It can be used on both iOS and Android systems.
Libertex Review: Account Types
The broker offers two types of investor accounts: Libertex Portfolio and Libertex CFD.
1. Libertex portfolio:Account for long-term investment in stocks without commission
Return: Moderate
Risk: Low
Instrument Group: Stocks, ETFs
Trading Direction: Buy
Partial Shares: Yes (starting from 0.01 share)
Leverage: None
Pending Orders: None
Dividends paid: Added to the account balance.
Demo Account: None
Status Level: No status for Libertex Portfolio accounts.
2.Libertex CFD :Trading Accounts Make profits with leverage on a variety of assets that Libertex offers for trading such as Forex, Commodities, Cryptocurrencies and more.
Returns: High volatility
Risk: High
Instrument groups: Forex, Cryptocurrencies, Stock Indices, Commodities, Shares, Metals, Oil & Gas, ETFs
Trading Direction: Buy and Sell
Partial Shares: Yes ($20 start)
Leverage: From 1 to 999 (depending on instrument)
Pending Orders: Yes
Dividends Paid: Calculated as the financial result of the trade.
Demo Account: Yes
Status level: Yes
Deposit and Withdrawal Review
Brokers offer a wide variety of deposit and withdrawal channels to choose from, meeting the needs of customers from many countries as follows:
Supported deposit/withdrawal channels
QR code
Tether
Credit/Debit Card
Skrill
Neteller
Perfect Money
Bank transfer
Support and Customer Service
For foreign investors or Thai investors who want to invest with Libertex, you can contact customer service 24 hours a day through this channel.
Broker Review Overview Summary
Overall, brokersLibertexIt is an interesting Forex broker, outstanding with many quality awards and a wide range of investment assets to choose from, answering the needs of traders of all levels. In addition, there are platforms that support MT4, MT5 and the broker's own specific applications, along with a demo account to help investors practice and learn to trade safely. However, the disadvantages that should be considered are the limited deposit and withdrawal channels, only 2 account types to choose from, and a $10 per month inactivity fee if there is no movement for 90 days. Investors should therefore study more details before making a decision to maximize their investment.
Libertex Frequently Asked Questions
1. What platforms can I use to trade Forex with Libertex?
Answer: You can trade via MetaTrader 4 (MT4), MetaTrader 5(MT5) and Libertex App.
2. How many types of accounts does Libertex offer?
Answer: There are two types of accounts available: Libertex Portfolio and Libertex CFD.
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