The WikiFX Score of this broker is reduced because of too many complaints! The WikiFX Score of this broker is reduced because of too many complaints! The WikiFX Score of this broker is reduced because of too many complaints!
The Cyprus Securities and Exchange Commission (CySEC) was established in accordance with section 5 of the Securities and Exchange Commission (Establishment and Responsibilities) Law of 2001 as a public legal entity. It is an independent public supervisory Authority responsible for the supervision of the investment services market, transactions in transferable securities carried out in the Republic of Cyprus and the collective investment and asset management sector. It also supervises the firms offering administrative services which do not fall under the supervision of ICPAC and the Cyprus Bar Association.
License Type:Market Making(MM)
Regulated in Country/AreaCyprus
Regulatory License No.：164/12
Email Address of Licensed Institution :firstname.lastname@example.org
License Type:No Sharing
Website of Licensed Institution :
Expiry Date :--
Address of Licensed Institution :Iakovou Tompazi 1, Vashiotis Business Center, Office 101, Neapoli 3107 Limassol
Phone Number of Licensed Institution :35722025100
Most visited countries/areas
The data are from WIKI Research 2021.09.20 updated
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General Information & Regulation
Libertex is a CFD broker based in Cyprus and in operation since 1997, owned and operated by Indication Investments LTD, which is a Cyprus Investment Firm (CIF), regulated by the Cyprus Securities and Exchange Commission (registration number: 164/12). Over the past 23 years, this broker has grown to the extent it can boast of having over 2. 2 million clients from 110 countries and more than 700 employees.
Tradable financial instruments available at Libertex are Forex, indices, oil and gas, ETFs, stocks, metals, cryptocurrency, agriculture.
Libertex Minimum Deposit
All retail traders will manage their portfolio from the same type of account and under the same trading conditions. Unlike many brokers that have different account types, Libertex merely distinguishes between MT4 traders and those who will use the Libertex proprietary trading platform. The Libertex account is entirely commission-based but does not support automated trading while MT4 account features certain spreads and commissions.Additionally, free demo account is also available for new investors to practice their trading skills. The minimum deposit of start an account is $10, which sounds a good options for most regular traders.
The maximum leverage for forex majors are is up to 1:30, for minors 1:20, XAUUSD 1:20, XAGUSD 1:10, stocks 1:5, cryptocurrency1:2, oil and gas 1:10. Investors are advised to use leverage in terms of their risks tolerance.
Spreads & Commissions
Traders at Libertex can get a commission-free environment. The minimum spreads of EURUSD start from 0.4 pips or translating into $4 per standand lot. Moreover, A monthly inactivity fee of €10 applies after 180 days of dormancy.
Libertex has its own web platform and mobile (app) platform called Libertex. Additionally, it has partnered with the popular MT4 & MT5 Platform. Mobile trading is possible with Libertex through its Libertex Mobile (App) Platform, and this App is available in AppStore for ios and GooglePlay for Android.
Libertex web platform
The Libertex Web Platform has over 10 different languages. This platform enables traders to trade directly from a browser and doesnt require downloading any software.
Libertex MT4 Platform
Libertex offers as well one of the most popular professional trading platforms. This platform is MetaTrader 4 (MT4). It offers more than 43 currency pairs and 100 effective trading tools.
Libertex MT5 Platform
MetaTrader 5 is the latest version of the most popular Forex trading software. MT5 lets traders trade more than just Forex currency pairs; they can trade stocks, indices, oil & gas, agriculture, cryptocurrencies, ETFs and metals.
Deposits & Withdrawals
There are several payment methods traders can use in funding their Libertex account and four types of payment methods in withdrawing them. The minimum deposit is €100 with no extra fees charge it. Payments methods that can be used for deposits are Debit/credit cards, Bank Transfer, Sofort, SEPA/International bank wire, Trustly, GiroPay, Rapid Transfer, Skrill, Neteller, and the payments methods for withdrawals are Debit/credit cards, SEPA/International bank wire, Skrill & Neteller.
Libertex fails to maintain proper customer support infrastructure. A proper contact page, together with support operating hours, are missing. A live chat function does appear at the bottom right corner of each website page, which clients can use to contact the support team. Messaging apps Telegram and WhatsApp are also supported.
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Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.
Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.