Libertex was founded in 2015 and is based in Cyprus, where the company is licensed and regulated by CySEC. Libertex is a subsidiary of Indication Investment Ltd., which is a member of the Russian-owned Forex Club trading group. They employ over 200 people and have clients in 14 countries across 3 continents.
Here’s everything you need to know about trading Forex with Libertex.org.
We were fairly impressed with Libertex’s sleek user-friendly interface. The dark theme makes it easy to watch charts for hours without issue, and traders can access multiple time frames ranging from 1 minute to 1 month. They provide 3 classes of technical indicators, including trend, oscillators, and volatility indicators. They provide line, candlestick, and area graphs, although we do wish they added Heiken Ashi charts in there.
Libertex’s proprietary platform gives traders access to a wide range of financial instruments. This includes 7 major, 21 minor cross pairs, and 14 exotic currencies. They also offer 13 different indices, as well as commodities like Gold, Silver, Platinum, copper, Palladium, and 4 types of crude oil.
Trading with Libertex requires a minimum initial deposit of just $10. Their spreads are fixed and generally remain between 0.1 to 1.0 pip with a commission that is calculated as a percentage. For example, Eur/Usd comes with a commission of 0.011%. Libertex enables 500:1 leverage, which is a substantial amount compared to certain other brokers.
Pros and Cons
All Forex brokers come with their own unique advantages and disadvantages, and Libertex is no different.
- Capped potential losses
- CySEC regulated broker
- Terrific platform
- Large number of trading instruments
- Low spreads with even lower commissions
- Member of a trusted international Forex group
- Limited amount of educational material
- Charge both spreads and commissions (even though each is quite low)
- Only 1 type of trading account
Even with their disadvantages laid out in the open, we still highly recommend checking out Libertex’s trading services. This is a trusted company with little to no serious complaints against their record.