Libertex review: our experience with the trading platform

Gianluca Lombardi, 9 min read
Last Updated: 20 September, 2022

libertex - cfd trading platform for crypto, stocks and more

Libertex is an online stock and contracts for difference trading broker with years of experience in the financial market and online trading.

In this comprehensive review, we’ll examine Libertex trading platform based on our rigorous evaluation process (learn more about our process here). Discover more top trading platforms by visiting our Best Trading Platforms in Europe page.

In 2021, the broker was awarded as the most reliable broker and best trading platform. One of the advantages and distinguishing features of the broker is the up-to-date web trading platform. It is characterised by a user-friendly interface, high information content and high-quality technical equipment. An indicator of reliability is the fact that the Libertex brand, part of the Libertex Group, founded in 1997, has over 20 years of experience in financial markets and online trading.

During this time they have built their reputation as an honest broker. Libertex has received 40 international awards from financial magazines and organisations for the quality of their customer service and innovative technical solutions.

What we liked about Libertex

  • Convenient interface for online trading on PC, laptop or mobile device;
  • Useful online trading course for novice traders
  • The speed and ease with which assets can be purchased
  • Low spreads

What we didn’t like about Libertex

  • Inactivity fee
  • Does not accept customers from some countries, including the US
Libertex logo
CFD Broker

ecoinomy rating:

8.9/10

Assets Traded CFD Forex, CFD metals, CFD Indices, CFD Stocks
Max leverage Up to 30:1 (varies by asset)
Trading fees from 0,0003%
Regulations EU
Cryptocurrencies BTCETHBCHXRPLTCETCADAXLMEOSNEOTRXQTUMXEMSTEEMDashIOTAZCashBinance CoinTezosMoneroChainlinkCosmosPolkadotVechainUniswap
Payment methods SEPA, PayPal, Skrill, Neteller, Visa, Mastercard
Number of users 3 Million+

Security

Fees

Ease of use

Customer service


Start here

73.77% of retail investor accounts lose money when trading CFDs with this provider.


Who is Libertex for?

  • For beginner and advanced traders of equities, cryptocurrencies, CFDs, and other assets.
  • Experienced traders who wish to monetise their skills by gaining followers

If you are looking for an online trading platform that accepts PayPal as a deposit and withdrawal method, take a look at the eToro reviews.

Is Libertex a safe online trading platform?

After checking, we can say with certainty that Libertex is a broker that is regulated and supervised by reputable organisations such as CySEC. Regulation allows for certain remedies for potential problems with Libertex.

Financial regulators protect traders with client investment recovery programmes in the event of a broker’s failure. Brokerage firms must comply with various rules and criteria set by the regulatory authorities of the relevant jurisdiction in order to maintain their licence and continue to operate in those jurisdictions. The idea of broker regulation is to protect Libertex traders and to provide a safer online trading environment. Financial regulation and licence approval are essential. When choosing a top broker like Libertex, the administrative authority and regulatory status of the broker are very important.

About the company

Libertex enjoys positive reviews from the 2.5 million customers who use the service. In addition, the brand has won over 40 different awards for its best online financial trading services over the years. These include awards such as ‘ Best Trading Platform‘ and ‘Best Forex Broker in Europe‘. It also has high-profile sponsorship deals, such as being the official trading partner of European football team Bayern Munich and Tottenham Hotspur. Founded in 1997 and active for 25 years, Libertex is headquartered in Cyprus.

Libertex is regulated, which means that Libertex is supervised and inspected for conduct by the Cyprus Securities and Exchange Commission (CySec) regulators under CIF licence number 164/12. Due to the regulations imposed, it is very unlikely that regulated brokers manipulate market prices. When you send a withdrawal request to Libertex, it will be honoured.

If Libertex violates any regulatory rule, its status as a regulated broker can be revoked. All payments funded by traders to Libertex accounts are held in a separate bank account.

Social Trading

As the name suggests, copy trading allows you to copy any move made by another trader on any asset. This is done after linking a part of your portfolio to theirs. This link allows your online trading account to make the same financial moves as other social traders, copying the trades of the best, their profits and losses.

Interested in copy trading? Check out this list of cherry picked copy trading platforms.

Trading activities available on the platform

Libertex offers seven trading modes on various underlying assets: Forex trading, cryptocurrency trading, index trading, equity trading, commodity trading, ETF trading, CFD trading. The assets and products available on the Libertex trading account platform depend on the region of the world you are in and the entity you have an account with.

The different Libertex brand structures offer different trading instruments due to regulatory restrictions. The online trading tools offered by the broker are among the best and may vary depending on the country of residence of the customer and the entity holding the customer account. Furthermore, the trading tools offered by Libertex may vary depending on the online trading platform you choose to trade with. With Libertex you can trade a wide variety of assets, over 200 in fact. If you are looking for forex brokers to trade currency pairs on the global currency markets, Libertex offers over 177 currency pairs.

libertex interface

Cryptocurrencies (CFDs) 50+
Stocks 300+
ETFS 250+
CFD Indices 25+
Forex 177

Libertex Pros and Cons

Pros

  •  Zero-spread offering: Libertex’s unique zero-spread model can reduce trading costs for users.
  •  Range of tradable assets: The platform offers a wide variety of assets, including stocks, commodities, cryptocurrencies, and indices.
  • Advanced charting tools: Libertex provides sophisticated charting tools and technical analysis features for more experienced traders.
  • Strong regulatory framework: Libertex is regulated by the Cyprus Securities and Exchange Commission (CySEC), ensuring a secure trading environment.

Cons

  • Limited educational resources: Libertex could improve its offering of educational materials for beginners.
  • No direct stock trading: Users can only trade crypto as CFDs, which may not suit all investment strategies.
  • Inactivity fee: Libertex charges an inactivity fee after a certain period of account dormancy.

Libertex fees and commissions

The platform charges fees of 0.1% to 1% for trading CFDs on cryptocurrencies. In addition, it charges a 1% commission for withdrawals by Neteller and 0.5% for withdrawals by wire transfer. There are no fees for making deposits and a monthly subscription to use the brokerage service, which is therefore free. However, there is a so-called inactivity fee, which is charged by the broker if a customer’s account remains inactive for 180 calendar days (i.e. no trading, no open positions, no withdrawals or deposits). The company reserves the right to charge an account maintenance fee of EUR 10 per month.

Payment methods – Libertex minimum deposit

When choosing a broker for trading, it is important to consider the different deposit and withdrawal options. In this Libertex review, you will find that one of the main advantages of this trading platform is that it does not charge commissions for deposits. It doesn’t matter which payment method you choose to invest. Libertex does not charge deposit fees, but there are withdrawal fees with different payment intermediaries, and traders must also take into account any applicable third-party fees. At Libertex, the minimum deposit required to open an account is EUR 100. Processing times vary from one instant to five working days, depending on the payment method chosen. Only verified accounts can request a withdrawal, and must return to the same deposit method. Not all options are available to every trader, depending on their location.

  • visa or MasterCard debit and credit card
  • bank transfer
  • Paypal
  • Skrill
  • Neteller
  • Trusted
  • Sofort
  • iDEAL
  • GiroPay
  • P24

VISA MasterCard PayPalSkrill Netellertrustly payment

Withdrawal from Libertex: time and fees

While deposits are usually processed immediately, withdrawals via e-wallet can take 24 hours and bank transfers up to 5 working days.

  • For bank account: takes 2-5 working days.
  • For MasterCard and VISA: 2 minutes to 5 days.
  • In the popular Neteller and Skrill wallets, money is transferred instantly

How do I register with Libertex – step by step?


To start your online registration – use the ‘START TRADING’ button . All you need is an email address and a secure password. To protect your capital, please use upper and lower case letters, numbers and special characters in your password.

inizia a comprare polkadot cfd comprare polkadot CFD apri un conto

At Libertex, once you have completed your registration, you will be taken directly to your dashboard. Confirmation by e-mail is not required. The account is already open and you can log in with your e-mail address and password. In the account, you can choose between a real money deposit and a demo account. The online account will give you the amount of $50,000 in the demo account to trade.

Use the broker’s demo account and familiarise yourself with the various functions. After all, you will want to invest real money later and this way you can avoid potential mistakes with the demo service. Once you feel comfortable using the platform with the demo account, you can start trading with real money.

To do this, you need to switch from your demo account to your real Libertex trading account. Before you can take any action on the web you need to confirm your account. To do so, click on your name in the top right-hand corner and then on ‘Manage Profile’. For your security, you can also confirm your e-mail address here. As long as it is not confirmed, hackers can change it and steal your funds!

On the web platform you must also confirm your basic data and enter your phone number. This is the only way to be sure that your money is really safe.

Deposit of funds


You can now deposit funds into your account to start trading and investing in various assets. With some payment methods you can start depositing within seconds. You will find the Deposit funds button directly above it in the web navigation. The company must confirm your identity within 15 days of your first deposit. For this purpose, you will need to provide a copy of your passport or identity card. Libertex also requires an invoice from your service or telecommunications provider to guarantee the authenticity of your identity documents. On the one hand, of course, this is an effort, but investing money still involves effort.

deposito di gemme per CFD comprare

When you deposit money by bank transfer, there is no minimum amount required to invest. For all other payment methods, you have to deposit at least EUR 100.

Deposits via PayPal, Skrill and credit card are extremely fast. The money is available here immediately after completion of the payment process. For other payment methods, the waiting time is 48 hours. Transfers can take between 2 and 5 days. After selecting the desired amount and payment method, you can complete the process by clicking on ‘Deposit’. The funds will be transferred to your account according to the payment method used. The safest way to make a deposit is via PayPal. The procedure involves entering the amount and your e-mail address. You will then be redirected to the PayPal page, where you can complete the deposit.

comprare di criptovalute CFD metodi deposito

Versamento per comprare polkadot CFD


Trading on Libertex: using cryptocurrency CFDs as an example


The funds deposited on the broker are now available and you can immediately start trading assets and cryptocurrencies such as Polkadot, Monero, Bitcoin, Ethereum and others. You can select DOT from the list of available cryptocurrencies or simply type ‘Polkadot’ into the search engine on the website.

come trovare crypto

As a result, you will receive a certificate for the DOTUSD – Polkadot dollar exchange rate. Currently, no other broker offers more cryptocurrencies to trade than Libertex. You can invest directly in Polkadot using the ‘Buy’ button. You should also decide in advance whether you want to bet on rising or falling prices.

compra crypto cfd

Once you have selected your strategy, you can choose the position size and multiplier (leverage) of your choice. On Libertex you can use a maximum leverage of 1:2. Once you have made your selection, press the ‘Buy’ button.

If you click the Buy or Sell button, Libertex will open your position for trading.


Buying and selling CFDs

Once you have opened a trade on the broker, you can sell Polkadot again at any time. Especially if you have not entered a Stop Loss or a Take Profit, you should regularly check whether the trade is still in line with your strategy. When you click on a trading position, Libertex displays your options to act and to invest in the underlying assets. Now you can easily increase your position, open or close another position on the CFD broker Libertex.


In which countries does the broker operate?

Libertex serves clients in over 110 countries, one of which is Bulgaria.

List of countries from which Libertex does not accept clients:

USA, Japan, Afghanistan, Azerbaijan, Bosnia and Herzegovina, Brazil, Guyana, Iraq, Lao PDR, Yemen, Vanuatu, Uganda, Syria, Ethiopia, Sri Lanka, Trinidad and Tobago, Tunisia, Iran, North Korea, Burundi, Cuba, Congo, Libya, Mali, Nicaragua, Somalia, Sudan, Zimbabwe, Venezuela.

Libertex Customer Service

Customer support is available via e-mail and telephone. The Frequently Asked Questions page provides answers to a range of questions, and Libertex states that the response time for email enquiries is one working day. There is a separate help and support section, but separating it from the FAQ section is not ideal. A direct line to the finance department would be a nice improvement.

Available service channels

  • tel: +35722 025100
  • email: help@libertex.com
  • facebook: facebook.com/libertex
  • twitter: twitter.com/libertex europe

Libertex regulations and licences

In the European Union, Libertex is regulated and supervised by the Cyprus Securities and Exchange Commission (CySEC) under CIF licence No. 164/12.

Opinions about Libertex – is it the right choice for trading?

Our Libertex 2022 review found that this broker offers a high-quality service for trading crypto CFDs and is among the best. It covers a commendable amount of cryptocurrency CFDs, and its trading platform means that you don’t even need to have a cryptocurrency wallet to participate. The only downside of Libertex is that it is not available for many countries.

Overall, Libertex is an excellent option for traders looking for a convenient online trading platform with a fast, convenient and cost-effective sign-up process.

With around 50 cryptocurrency CFDs available, it should be considered, especially if you want to start trading cryptocurrencies or invest in other assets. It is a tried and tested platform – and this broker has the best customer reviews to prove it. After all, the brand has created everything else perfectly. From its trading platform to its customer support and convenient payment methods, we can say that we really liked what we found in the facilities below. So, if you live in one of the eligible countries, you can definitely sign up for Libertex.

Libertex logo
CFD Broker

ecoinomy rating:

8.9/10

Assets Traded CFD Forex, CFD metals, CFD Indices, CFD Stocks
Max leverage Up to 30:1 (varies by asset)
Trading fees from 0,0003%
Regulations EU
Cryptocurrencies BTCETHBCHXRPLTCETCADAXLMEOSNEOTRXQTUMXEMSTEEMDashIOTAZCashBinance CoinTezosMoneroChainlinkCosmosPolkadotVechainUniswap
Payment methods SEPA, PayPal, Skrill, Neteller, Visa, Mastercard
Number of users 3 Million+

Security

Fees

Ease of use

Customer service


Start here

73.77% of retail investor accounts lose money when trading CFDs with this provider.


How do we review trading platforms?

ecoinomy‘s comprehensive review process evaluates and ranks the platforms and companies that allow European customers to trade cryptocurrency or shares.

Our aim is to provide an independent assessment of providers to help you have the information you need to make a sound and informed judgement on which providers are best suited to meet your needs. We collect data directly from suppliers through detailed questionnaires and conduct first-hand tests and observations of suppliers.

Questionnaire responses, combined with interviews with supplier personnel and hands-on research by our specialists, feed into our proprietary evaluation process that scores each supplier’s performance on over 20 factors. The end result is a star rating ranging from a poor 1 to an excellent 10. Ratings are rounded to the nearest whole number.

Gianluca Lombardi

Gianluca is the editor-in-chief of this site. A finance graduate, he is an active trader who has tested all trading platforms and knows all their secrets. Technology is his passion; he spends much of his free time in the metaverse. Gianluca loves learning new things, researching, discussing and writing about technology, especially when it comes to cryptocurrency and blockchain technology.