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Libertex review and test – Is it a good choice to trade?
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Libertex review and test – Is it a good choice to trade?
What is Libertex? – The company presented:
Libertex is one of the most experienced brokers in the trading industry that is operating online and is a member of Libertex Group that founded in 1997. Libertex is a CFD Broker is based in Cyprus and has more than 2 million customers. Libertex offers trading in Contract For Difference. The companies main office is at 116 Gladstonos Street, Michael Kyprianou building, 1st Floor, Limassol 3032, Cyprus.To get more news about libertex review, you can visit wikifx.com official website.Libertex platform has a large regular customer base and it has won more than 40 international awards. We have reviewed this broker and it gave us a good impression. The company’s online operations, products, and services are quite impressive. Basically, this company is legitimately operating with the majority of customers within the EEA area.
Is Libertex regulated? – Regulation of the broker
One most important thing a trader must remember is to make sure that the broker is regulated before trading. This regulation is basically proof that the broker is operating legally and has passed the criteria to gain a license to be a legit trading broker. Please be aware that CFDs and other trading products are usually regulated in the EU and may only be offered to end customers by licensed providers.
This broker keeps the funds of the customer separately from the company’s own money. Libertex can offer its products within the EEA area and in Switzerland. In addition, the platform of this broker is encrypted, so you do not need to worry about the security of your information shared with this company.
Review of trading conditions for traders – Trading CFDs with tight spread
You can trade on both in rising or falling prices with with Libertex. The maximum leverage for private traders is up to 1:30 and it varies according the underlying asset. All customers can use a demo account with virtual funds of up to €50,000 to test the trading platform themselves. The minimum deposit for a live account is only €100.Furthermore, Libertex has a wide range of underlying assets. More than 250 different underlying assets are available with this broker. You can trade CFDs on stocks, currencies, cryptocurrencies, and more. We think that Libertex endeavors in adding new and interesting underlying assets to the platform.
There is one trade commission that must be paid per trade. Basically, this is how the broker earns money. The commission starts from 0.0003% per position and depends on the position size. Libertex has developed its own platform – the Libertex Web platform and Libertex Mobile App Platform. Also, the broker offers the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) Platform. These platforms will be discussed later on in this review.The Libertex Web Platform has 10 different languages and offers traders a good overview of all functions. This platform enables traders to trade directly from a browser and doesn’t require downloading any software. You can have access to over 250 underlying assets and be able to trade CFDs with tight spreads. Libertex Web Platform has given a good impression to us due to its user-friendly interface. It has good indicators, and tables traders to manage their capital.
As you can see in the center of the picture of the Libertex Web Platform, there is the chart and the current market. For better analysis, charts can also be shown on a full screen. You will find several tradable markets offered by Libetex on the search option. The tradable markets are on the left side, and on the right are the current positions or account balances. In our opinion, this Libertex Web Platform is quite impressive due to its well-improved charting that has been developed over the years. One more good thing about this platform is that it offers traders extensive information on every underlying asset. The news and information section are published by Libertex.
Mobile trading is possible with Libertex through its Libertex Mobile (App) Platform. This platform is developed by Libertex and has the same functions the Libertex Web Platform offers. The only difference is that this platform requires a download of the App. This App is available in AppStore for iOS and GooglePlay for Android. This is a hassle-free option for traders to trade wherever they are and whenever they want as long as connected to the internet.