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Libertex Forex Broker Review

Operating since 1997, Libertex is an international, trustworthy brand with more than 20 years of financial market and online-trading experience. Each Libertex client is treated with special care and offered a variety of high-speed, reliable, cutting edge technology platforms to choose from.

By leading the customers into an engaging and compelling trading experience, we have built a long-term legacy of superior service to traders. Libertex is serving clients from more than 110 countries.

Libertex

As one of the international leaders of the industry, the company has won over 30 prestigious awards worldwide. Each year, the leading position strengthens both in the markets where it has established presence and in the new markets where the company is entering with its innovative products and services.

Regulation

LIBERTEX is a trading platform used by Indication Investments Ltd. a Cyprus Investment Firm which is regulated and supervised by the Cyprus Securities and Exchange Commission (CySEC) with CIF Licence number 164/12.

Broker Information

  • Company Name: Libertex
  • Founded: 1997
  • Country: Russia

Broker Services

  • Regulators: CySEC
  • Minimum Deposit: $250
  • Leverage: 1:200
  • US Clients: No
  • Funding Methods: Wire, Credit card, SEPA

Platform Info

  • Platform: Libertex
  • Web Based: Yes
  • Mobile Trading: Yes

Features

The company makes 150 different asset classes available to its clients for trading, which include 44 major, minor and exotic currency pairs; world stocks including Google, Apple Inc. and Rio Tinto; cryptocurrencies including Bitcoin, BitcoinCash and Litecoin; commodities such as coffee, cocoa, corn, wheat and soybeans; and 17 of the world’s most actively traded stock indexes.

Before opening a Libertex live account, a trader should consider several key issues with the company. The first is that the company charges a commission on every transaction. For example, if the trader wanted to buy or sell EUR/USD, Libertex would charge a commission of 0.011% on the monetary value of the trade. This is compensated for by deal execution taking place at the prevailing mid-market price.

Libertex’s tradable assets all carry a similar fee that varies significantly depending on the asset.  The lowest commission in forex is for EUR/USD among the major currency pairs, while the most expensive commission on currencies is charged for transactions in USD/RUB, which has a commission of 0.41% per transaction. The second highest is EUR/RUB, which has a charge of 0.386%. The highest commissions at Libertex are for cryptocurrency trades, with charges of 1.02% on Litecoin, 1.0% on Bitcoin, and 0.91% on BitcoinCash.

The second matter concerns the company’s use of a “multiplier” instead of a set leverage figure such as 200 to 1, for example. All Libertex trades can be leveraged with the multiplier, and it varies significantly for the different tradable assets. For example, the highest multiplier in forex is for EUR/USD at 500, which translates to leverage of 500 to 1, while the multiplier for USD/RUB is 10, which means that the maximum leverage for a USD/RUB trade is 10 to 1.

Libertex only offers one type of live trading account and a demo account. The two account types feature the company’s award-winning trading platform.

Contact Details

Indication Investments Ltd.,
CYSEC License number 164/12,
Gladstonos and Karaiskaki Street, off 31, Limassol 3032, Cyprus.
Phone: +357 22 025 100, E-mail: info@libertex.com, Website: libertex.com

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