Libertex

Rating: 85%

Min Deposit

$ 100

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Last Updated:Apr 29, 2024

Libertex Broker - A Regulated CFD Operator with Over 20 Years in the FX Business

Libertex is a Cyprus-based investment firm regulated and supervised by the Cyprus Securities and Exchange Commission (CySEC). This forex (FX) and contract for difference (CFD) broker was established in 1997 and offers trading services to retail clients in FX, stocks, indices, exchange-traded funds (ETFs), crypto, and various commodities. The company is among the most trusted brokers on the internet and has received about 30 international awards.

Due to the stringent regulations governing the broker’s operations, retail clients trading with forex Libertex will receive maximum leverage of 30:1, while professional clients can trade up to 600 times the contract value. The spread offering starts from zero pips, although clients have to pay a commission on certain account types.

Besides its European operations, Libertex International Company Limited conducts business from Kingstown, St. Vincent and the Grenadines, where the broker offers trading facilities to a global clientele.

Signup bonus of 100% up to $10 000
Loyalty program available
Offers a proprietary trading platform
Forex trading on over 50 currency pairs
No spreads charge
Trade 200+ instruments

Overview of Forex Libertex

In our extensive Libertex review, we cover all the key aspects of the broker’s products, services, trading conditions, regulations, and other information for prospective clients and readers to quickly reference.

We maintain a neutral approach in our Libertex review, and our study encompasses manual testing of all the platforms along with the trading features, besides interacting with the support team through live chat.

Difference between Libertex Europe and Libertex Worldwide

Libertex.org and libertex.com are two different domains that belong to the same company, Libertex Group. Libertex.org is the main website for the Libertex trading platform, which offers CFD trading on various assets and commission-free investing in real stocks through a Libertex portfolio account. Libertex.com also belongs to the Libertex trading and investing platform and offers similar features and services as libertex.org although it has a different design and layout. Both websites are authorized and regulated by reputable authorities, such as CySEC and the Financial Sector Conduct Authority of South Africa.

Overview of Libertex FX broker

Libertex can be broadly categorized as a European CFD broker, offering trading facilities in 8 asset classes. Based out of Limassol, Cyprus, the broker, operating under the brand name "Indication Investments Ltd," caters to European residents and is regulated by CySEC. However, for international clients, the broker operates under the name "Libertex International Company," with an offshore office located in St. Vincent and the Grenadines.

Licenses

Our exhaustive review includes one of the key features of any FX brokerage firm—regulation and licenses. This feature determines whether or not is Libertex legit. Besides, the regulators’ principles determine the extent to which clients can make claims and receive protection in the event the broker faces financial difficulties.

Platforms

We review all the trading platforms the FX broker offers by logging into the Libertex demo account to review tradable products, features, spreads, speed of order execution, etc. We examine all the elements of the trading terminals, compare them to the broker’s claims on the website, and list the broker’s pros and cons.

Privacy and Protection

The security of funds is a primary consideration when traders choose an FX broker. In our broad review of Libertex, we evaluate the client privacy and data security policies of the broker along with the risk management measures in place for protecting client funds.

Spreads/Fees

In our review of client trading costs, we analyze the spreads, commissions, and fees charged by Libertex. Our evaluation compares the client trading costs with those of other FX brokers of the same class and offering identical trading features, including the security of funds, speedy order execution, and excellent support.

Mobile

Our review of the Libertex mobile app includes an in-depth examination of its appearance, user interface, trading features, and execution speed. We also evaluate all trading features, the operating systems they support, and the process of downloading the application and perform a quick comparison of the broker’s web and desktop applications.

Customer Care

Prospective clients seeking information generally contact the broker’s support desk for assistance. In our Libertex FX review, we list all the support channels offered by the broker, along with their contact details and operating hours. We also evaluate the quality of the support provided by interacting with the live chat team.

Safety and Regulatory Compliance of FX Libertex

Indication Investments Ltd, the parent company of Libertex, is regulated by CySEC, under Cyprus Investment Firms license number 164/12. CySEC is a tier-I regulator and ensures European clients registered with Libertex forex are suitably safeguarded and can file complaints with the regulator if the broker fails to settle claims or becomes insolvent.

Here are some of the guidelines issued by CySEC, under the supervision of the EU’s Markets in Financial Instruments Directive framework, to investment firms like Libertex operating from Europe:

All firms have to maintain a minimum operating capital of €750,000.
Customer deposits should be held in segregated accounts in tier-I banks in Europe.
- Client deposits should be maintained separately from the broker’s operating funds.
All firms should participate in the Investor Compensation Fund. The fund provides insurance coverage of up to €20,000 to individual investors.

The CySEC regulation also allows the broker to offer cross-border services throughout the European continent under the European Economic Area (EEA) agreement.

Regarding investor protection, the regulations governing Libertex secure investors who are not only covered if the broker files for bankruptcy but can also approach a financial ombudsman or go to court in the event of fraud, financial abuse, or if the broker fails to settle disputes. Besides, investor protection shields clients against negative balances, while the restricted leverage of a maximum of 30:1 on product offerings protects them from excessive exposure in their trades.

Pros

All FX firms should be sufficiently capitalized with sound risk management systems in place to operate under the tier-I CySEC regulator.
Under the CySEC regulations, investors can file complaints against the broker, settle claims, and are liable to receive compensation of up to €20,000 if the broker collapses.
All retail clients come under negative balance protection. Besides, regulations mandate the broker to issue a standard risk warning to clients.

Cons

Professional clients do not come under the negative balance protection offered to retail clients.
Libertex has a limited range of research and educational tools for traders.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.91% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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Tradable Assets Offered by Libertex

Libertex offers clients more than 250 products across 8 asset classes, spanning FX, stocks, indices, metals, energy, agricultural commodities, ETFs, and cryptocurrencies.

To clearly understand the various products the broker offers under each asset class, we have listed a product categorization of the financial instruments below.

FX – Libertex offers a range of 7 major FX pairs, 21 crosses, and 21 exotic currencies, bringing the total to 49 currency pairs.
Stocks – The stock CFDs include more than 100 publicly-traded companies across the United States, Europe, and Asia. Libertex broker has a stock offering covering 12 major sectors, namely materials, medical cannabis, industrials, finance, technology, consumer services, consumer goods, energy, healthcare, automobiles, luxury, and telecommunications.
Stock indices – The index offering of Libertex contains 20 stock indices from North/South America, Europe, Asia, and the Middle East.
Metals – The products offered under the metals category comprise the 4 widely traded precious metals and copper.
Energy – The energy products category contains a combination of four oil and gas contracts, namely natural gas, heating oil, WTI, and Brent crude oil.
Agriculture – This product offering comprises a combination of 6 commodities encompassing soft commodities and grains.
ETFs – The 10 ETF offerings of Libertex mostly represent the Black Rock-managed iShares ETFs on bonds, trusts, indices, and more.
Cryptocurrencies – The Libertex cryptocurrencies offering comprises 71 electronic currencies, by far the largest offered of any FX broker. What makes the broker unique is the Libertex Bitcoin futures, options for trading Bitcoin/EUR, and cross-trading various digital currencies such as Bitcoin/Litecoin, IOTA/Ethereum, Gold/Bitcoin, etc.

Libertex Crypto Offerings

Bitcoin	NEO	Bitcoin Gold/Ethereum
Litecoin	OmiseGO	Zcash/Ethereum
Bitcoin Cash	QTUM	Monero/Ethereum
Bitcoin Gold	Monero/Bitcoin	EOS/Ethereum
Litecoin/Bitcoin	Monero	Ethereum Classic/Ethereum
Bitcoin Cash/Bitcoin	Zcash/Bitcoin	IOTA/Ethereum
Bitcoin/EUR	Zcash	Litecoin/Ethereum
Ethereum	Tron	NEO/Bitcoin
Ethereum/Bitcoin	NEM	NEO/Ethereum
Ethereum Classic	Stellar	OmiseGO/Ethereum
Bitcoin/USD futures	Cardano	QTUM/Ethereum
IOTA	EOS	Bitcoin Gold/Bitcoin

Pros

Libertex FX offers a wide range of products covering all the major asset classes.

Cons

The broker’s website has listed 5 products under oil and gas, labeling WTI crude oil and light, sweet crude oil as 2 different instruments.

Libertex has been in business since 1997. Understanding the market is everything. Saying you understand is one thing, but grasping the importance of this understanding will help you stay ahead of the pack if you are seeking to trade.

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Libertex – Trade for More

Libertex Spreads, Swap Fees, and Commissions

If you are trading on the Libertex web, desktop, or mobile platform, your order execution is at the market price, which is generally the mid-price of the bid–ask quote. However, if you are using the MT4 terminal, you can also see a small spread.

Regarding commissions, the broker charges a transaction fee once you open a position. The transaction fee is a percentage of the traded volume and can vary across products and asset classes. However, Libertex offers a zero commission fee for trading in any cryptocurrency CFD.

Besides spread and commissions, clients are subject to swap/rollover fees for holding overnight positions. These fees are different across assets/products and are more or less similar to those of other FX brokers. Other than the swap fees, clients also have to pay to:

Renew expired contracts
Fund withdrawals

Pros

The commission on a standard 100,000 EUR/USD lot comes to about $8 on the Libertex web platform.

Cons

If you combine the spread and the commission, the trading cost is relatively high.

Account Opening Process at Libertex

As part of our Libertex review, we opened a live account with the broker. The process was pretty straightforward compared to the numerous steps required to set up a trading account with some of the other FX brokers, which is also reflected in traders’ opinions about Libertex opiniones.

Libertex Offers 2 Types of Accounts

If you are registering with Libertex in Europe, you have the choice of 2 types of accounts: Libertex Portfolio and Libertex CFD. Additionally, a demo account is available to practice trading with virtual money. All the Libertex trading accounts come with a minimum deposit of only $10. Unlike other FX brokers, the Cyprus-regulated broker accepts deposits only in euros. Furthermore, the value of your deposit with Libertex will determine your account type. Besides, clients opening an account with the broker in Europe do not have the option of setting up a swap-free Islamic Account.

Here are the account registration steps:

Step 1:

To begin, enter your email address for verification and set your password. You will immediately receive an email from the broker.

Step 2:

Click on the “CONFIRM YOUR EMAIL” button to complete the initial email verification process, after which you will be led directly to the client area to complete the rest of the registration process.

Step 3:

In the client area, log in with your email address and password and go to the profile management section in the top right corner of the client area. In this section, you are required to verify your credentials by entering the verification code separately sent to your email address and phone number. Besides, you need to fill out your personal details, including your country and city. Finally, provide your passport number to complete the verification process. Once done, deposit funds and start trading.

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Libertex Deposit and Withdrawal Methods

Libertex provides clients with several funding options, especially when depositing funds. The Libertex minimum deposit required to start a trading account is $10. This amount is deposited to the trader’s account, and no fees are charged on the deposit transactions. You can deposit funds via Visa, Mastercard, bank wire, online transfers, or eWallets.

Regarding fees, the forex broker does not charge for deposits. However, for clients wondering how to withdraw money from Libertex – here is the thing Libertex withdrawal offers a small number of methods and also charges a fee for some of them. As part of our Libertex review, we have tabled all the funding options provided by the broker below:

Libertex Deposits

Payment method	Type	Fee	Processing times
VISA/ MASTERCARD	CREDIT/DEBIT CARD	FREE	INSTANT
SKRILL	E-WALLET	FREE	INSTANT
SOFORT	ONLINE BANKING	FREE	INSTANT
BANK WIRE	SEPA/INTL BANK WIRE	FREE	3-5 WORKING DAYS
NETELLER	E-WALLET	FREE	INSTANT
GIROPAY	E-WALLET	FREE	INSTANT
TRUSTLY	ONLINE BANKING	FREE	INSTANT
IDEAL	ONLINE BANKING	FREE	INSTANT
MULTIBANKO	ONLINE BANKING	FREE	INSTANT
RAPID TRANSFER	ONLINE BANKING	FREE	INSTANT
PAYSAFECARD	VOUCHER	FREE	INSTANT

Libertex Withdrawal

Payment method	Type	Fee	Processing times
VISA/ MASTERCARD	CREDIT/DEBIT CARD	€ 1	1-5 WORKING DAYS
SKRILL	E-WALLET	FREE	WITHIN 24 HOURS
BANK WIRE	SEPA/INTL BANK WIRE	0.5% Min €2, Max €10	3-5 WORKING DAYS
NETELLER	E-WALLET	1%	WITHIN 24 HOURS

FX Libertex – Privacy, Security, and Capital Protection Policies

As part of its data collection policy, Libertex broker gathers personal information from all its clients, including first and last names, email addresses, financial status, phone numbers, dates of birth, residential addresses, bank statements, and credit card details. The data is collected when one registers with the broker on the website, and the information is used to improve the services Libertex offers its clients and to verify their identities.

Libertex discloses personal data to third parties based on its internal security standards and applicable data privacy laws that govern its business operations. Additionally, Libertex may occasionally share the data with CySEC and other regulatory bodies in Cyprus as may be required by law.

Client data protection is governed by Cyprus data protection legislation, safeguarding against loss, alteration, unlawful destruction, unauthorized disclosure, or access to personal data transmission. The data may be stored or transferred to a location outside the EEA and processed by staff operating outside the EEA.

Regarding capital protection, Libertex trading has incorporated a number of risk management measures to ensure the security of clients’ funds against unpredictable market volatility.

Here are some of the standard capital protection policies adopted by the broker:

Negative balance protection
Maximum lots per transaction
Moderate leverage size
Stop-out levels at 100% of margins for professional and retail clients and a 50% margin stop-out for clients who sign up with the broker in Europe

Web and Desktop Trading Platform

Libertex trading platform is available through the MT4 application for web and desktop users, while clients who wish to monitor prices and trade on the go can access the Libertex online trading terminal developed for web, desktop, iPhone, and Android smartphone users.

We’ve said already that this broker has its own platform, but how does Libertex work? To review the features of the trading platforms, we tested the proprietary web and mobile application along with the Libertex MT4 for desktop users.

As already noted, this broker has its own platform. To evaluate the performance of Libertex trading platforms, we tested the company's proprietary web and mobile applications alongside Libertex MT4 for desktop users.

The Libertex trading platform comprises 3 parts. On the left, there is a watchlist. In the center, you can access charts and view the sentiment indicator along with several fundamental news flashes on the terminal. On the right, you can monitor the performance of your trades in real-time.

The default watchlist screen comprises the trading instrument, price, and percentage change. You can set your watchlist based on several options such as popular, favorites, top rising, and top falling. To view charts, click on any trading instrument on the watchlist panel. The panel comprises 6 chart types, including 2 varieties of candlestick charts, lines, bars, areas, and Heiken Ashi, with 10 time frames, ranging from 1 minute to 1 month. Maximize the chart window to view the entire range of drawing tools and indicators.

You can also monitor your active trades, account balance, and profit/loss (P/L) in real-time. Besides, you can exit your trades in a few clicks, increase your trade size, or open fresh orders instantly.

Features:

The trading app is accessible in 14 languages
Access all the trading instruments offered by Libertex
Analyze charts from a range of 43 indicators and oscillators
Zoom in and zoom out of charts by scrolling a mouse
Plot multiple charts of diverse trading instruments and carry out comparative chart analysis
Order types include market, limit, and stop orders with the option to place SL/TP
Libertex brokerage charge is displayed while placing orders
Trade and margin call alerts
Fundamental news from Trading Central
Connect directly to the help/support page
The platform permits traders to close out only 1 position at a time.
Access news, signals, educational videos, contract specifications, and trading instruments at the click of a button

Pros

The web platform comes has a variety of features coupled with zero spread.
Quick order execution and zero slippage.

Cons

One drawback is the limited order types available.
It does not offer the option of placing one-touch orders.

The Libertex MT4 desktop platform is the standard offering from MetaQuotes and comes loaded with a range of analytical tools, multiple order placement options, in-built expert advisors (EAs), and 39 language choices. The default screen comprises the watchlist, charts, the navigator tool, and the terminal window. The watchlist has real-time price data with the option to add more columns like spread, day's high/low, and last traded time. The terminal contains 3 types of charts with 9 timeframes and an extensive collection of trading tools.

The additional features include:

Multiple trade execution options
Market, limit, stop, and trailing stop orders. All order types also have the SL/TP option.
One-touch orders from the chart
30 default technical indicators and 24 graphic objects
Automated trading using the in-built EAs
Complete MQL4 integrated development environment
News from Investing.com
Option to place price alerts
Access to the MT4 code base and a choice to download trading robots and technical indicators
Capability to build, test, and optimize trading robots

Libertex Mobile Trading Platform

To review the proprietary mobile app, we opened a Libertex demo account and analyzed all the features of the Android app. The first impression of the app was the look, which is unlike that of the web version although it resembles the MT4 mobile application in many ways.

You can access all the features of the Libertex online trading app from the menu button at the bottom of the home screen. The app comprises 5 default panels: watchlist, trades, inbox, wallet, and more.

Like the web platform, the watchlist panel has several options such as popular, favorites, top rising, and top falling. You can choose any of the default “Watchlist” windows or create your own. To activate charts and start trading, click on any of the instruments and place market, limit, or stop orders along with SL/TP. In the “Trades” panel, you can view all your existing positions. Here, you also have the option to increase your volumes, exit positions individually, or exit only profitable trades.

The “Inbox” window is for incoming messages. The ”Wallet” panel displays your account balance, P/L, margins used, available, and your trading activity. The last window, “More,” is where you manage your profile settings, such as language, active sessions, and notifications and get in touch with client support via chat, email, or frequently asked questions. The panel also lets you connect to the Libertex website, access hundreds of short video courses, and change your profile.

Features:

The trading app is accessible in 11 languages
Real-time monitoring of the prices of all the 200+ trading instruments
Ability to close out individual/profitable positions or initiate new trades
Price alerts
One-click access to charts
Access to the Libertex website, chat with the support team, and access video tutorials
View the live trading activity of other traders
Order types include market, limit, and stop orders with the option to place SL/TP
Fundamental news from Trading Central

Android
iOS

Pros

The Libertex mobile app is an excellent tool for monitoring real-time prices, placing alerts, and trading on the go.

Cons

The real-time price data on the Watchlist is not very clear.

Libertex FX Has a Few Trading Features

The majority of Libertex trading features are shared across its various platforms. Based on our review of the broker, we have highlighted some of the features below:

Real-time news from Investing.com and other third-party sources
Hedging is allowed on all platforms
Trading alerts for price and margin
Assets and products are grouped under multiple categories for quick access
Order execution in milliseconds
Technical Analysis signals from Trading Central

Besides the features mentioned above, clients and prospective traders can access the Libertex blog, where they can find several articles on FX, trading, and cryptocurrencies. Also, clients who register with the broker gain free access to short video courses on the basics of fundamental and technical analysis, trading, financial terminologies, frequently asked questions about the financial markets in general, and the products and services offered by Libertex.

Pros

There are built-in platform features for trading

Cons

The broker does not provide free VPS or custom indicators from third-party sources.

Libertex Leverage

Leverage works differently for retail and professional clients. Under CySEC regulations, FX brokers are restricted in the margins they can offer retail clients. Based on the limitations set by the watchdog, the following is the maximum Libertex leverage offered to retail clients:

30:1 for major currency pairs (3.33% margin).
20:1 for minor currency pairs, gold, and major indices (5% margin).
10:1 for commodities other than gold and small indices (10% margin).
5:1 for individual equities and some of the other reference values (20% margin).
2:1 for cryptocurrencies (50% margin).

However, professional clients do not come under the prescribed margin requirements of CySEC since they fall under the category of experienced traders and are presumed to be able to assess trading risks. The Libertex leverage for professional clients can go up to 600:1 for FX pairs.

The following are some of the entities classified as professional clients by default:

Credit institutions
Investment firms
Regulated financial institutions
Insurance companies
Pension funds and management companies of such funds
Commodity and commodity derivatives dealers

Customer Support

Libertex has an extensive “Solution Home” (knowledge base) where clients can get most concerns answered. If they still wish to contact the support team, they can reach them over their phone lines, emails, and chat via Facebook Messenger, WhatsApp, and live chat. Customers can even send a message by filling their “Contact Us” form. The support team usually responds within 1 business day.

As part of our Libertex customer service review, we contacted their live chat team, who are available from 7.00 AM to 5.00 PM GMT, Monday through Friday. Given that live chat is open 9 hours a day, one would surely expect top-class service. However, we were not very impressed with the response time, which was initially about 2 minutes. Besides, the time taken by the support team to respond to questions about the broker’s product offering was sluggish at times.

It gets worse for international clients registering with the broker. There are no contact details offered to them, neither does the broker have the live chat option. These clients can only get in touch with Libertex by submitting a ticket.

Communication Modes To Get In Touch With The Libertex Support Team

Live Chat

Yes

E-Mail

[email protected]

Phone

+357 22 025 100

Libertex is available in the following languages:

Dutch

English

French

German

Italian

Polish

Portuguese

Spanish

Additional Benefits Offered by Libertex

Libertex is an online broker that offers various benefits to its clients, such as education, research, webinars, and social trading. Read below to learn more.

Education – Libertex provides a range of educational resources, such as articles, videos, courses, webinars, and tutorials, to traders of all levels. These resources cover topics such as trading basics, CFDs, cryptocurrencies, technical analysis, and risk management. You can access the education section on their website.
Research – The broker offers market analysis and insights from its team of experts and analysts. This analysis and insights include daily market reviews, trading signals, technical analysis, fundamental analysis, and news updates.
Webinars – Libertex hosts regular live webinars for its clients, where they can learn from experienced traders and analysts. These webinars cover various topics, such as trading strategies, market trends, and trading psychology.
Social trading – Libertex allows its clients to use social trading features like copy trading and mirror trading. These features enable traders to follow and copy the trades of successful traders on the platform. Social trading can help traders learn from experts and improve their trading skills.

Clients residing outside the European Union can sign up with Libertex International Company Limited through its registered office in Kingstown, St. Vincent and the Grenadines, from where this FX and CFD broker offers trading facilities to global clients. However, international clients registering with Libertex, excluding those residing in Europe, should be aware of counterparty risk before committing funds with the CFD broker. Unfortunately, restrictions of EU do not approve bonus offers, so there isn’t Libertex bonus

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Awards and Recognition

Libertex has been the recipient of 30 international awards from globally renowned financial magazines and institutions, acknowledging its trading apps, affiliate programs, and product offerings.

Following are some of the awards and accolades received by the CFD broker over the last few years:

Best CFD Broker, Europe 2022 by Global Brands Magazine.
Best FX Broker 2021 by European CEO.
Best Trading Platform 2020 by Forex Awards.
Best FX Broker Europe 2020 by Forex Awards.
Most Trusted Broker of Europe 2021 by Ultimate Fintech.
Best Trading App in 2017 and 2018.
The Best Crypto-Currencies Broker in 2017 and 2018.
Libertex the Best Mobile App in 2016.
Brand of the Year EFFIE in 2016.
Best Affiliate Program in 2016.

Best CFD Broker 2022

Global Brands Magazine

Best FX Broker 2021

European CEO

Best Trading Platform 2020

Forex Awards

FAQs

What is the Libertex Fraud Warning?

The fraud warning issued by Libertex serves to create investor awareness about malicious firms using the broker’s name without prior permission. These firms create confusion and spread false information about the Libertex group. Through the fraud warning, Libertex seeks to inform the trading community of fraudulent companies, clarify the misleading and inaccurate information related to the group, and expose clone firms operating with malicious intent.

How Does the Verification Process Curb My Ability to Trade with Libertex?

According to Libertex, the identity of all clients is mandatory under governing laws and regulations. If a client's account balance is under €2000, the broker gives a grace period of 15 days for the submission of all the documents and completion of the verification process.
However, if the account balance is €2,000 or more from deposits and/or profits and if the client has not previously completed the authentication process, the broker will suspend all trading activity in the client's account until the identity of the client is verified. The client identity verification generally takes 1 business day. Once the broker completes the process, clients can start trading again.

Under What Circumstances Does the Libertex Restrict Clients from Opening New Trades Despite Having Funds Available in the Account?

Libertex does not allow clients to open new positions if the total margin used is less than the free margin. For instance, if your account balance is €10,000 and you have already used €4,000, your free margin would be €6,000. Suppose you want to trade in the USD/JPY pair by investing €800 with a 400 multiplier; the margin required to open the trade would be €800 × 400 × 1/30 = €10,666. Since your free margin will be less than what is required to open a new trade, the broker will reject your order due to insufficient funds.

As an Individual, What Are the Qualifications Required to Be a Professional Client at Libertex?

As an individual, if you wish to be classified as a professional client, you will have to go through a qualification process conducted by Libertex. The process is aimed at assessing your knowledge of the markets and expertise. To pass the qualification test, you should satisfy at least 2 of the following 3 conditions:
•You should have traded an average of 10 significantly sized leverage transactions per quarter over the last 4 quarters.
•Your financial instrument portfolio, including cash deposits, should exceed €500,000.
•You should have worked for the financial sector in a professional role, where knowledge about derivatives trading was required, for at least a year.

What Is the Transit Account, and Can I Find It at Libertex?

Transit accounts are generally used to process wire transfers. If your bank account details necessitate the use of such an account, you should specify this in the corresponding field in your request when you transact with the broker on the trading platform. However, you can leave the field blank if you do not have such an account.

Conclusion

As we wrap up our extensive review of Libertex, we wish to inform readers who are apprehensive about the operations of Libertex or are concerned if this broker is legit that the broker is legally registered. However, there are a few concerns regarding how the broker deals with international clients in terms of client support or the lack thereof.

Apart from that concern, the product offering, especially Libertex cryptocurrency trading, is something that investors can look forward to. Besides, all the platforms are futuristic and have speedy order execution and support novices and highly experienced algorithmic traders. That said, Libertex does not offer many custom features except for the news, technical views from Trading Central, a host of learning materials, and video tutorials. The trading costs are moderate to high, while the leverage is mostly dependent on the regulator covering the broker.

All in all, forex Libertex is a good broker, particularly for clients residing in Europe.

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