Libertex Forex Broker Review
Whether you are new to trading or have been in the business for some time, it’s essential to understand libertex trading fees. These can vary from asset to asset and trade to trade, so it’s best to read the terms and conditions properly.
Libertex selects 213 tradable assets, including currency pairs, commodities, indices, and cryptocurrencies. Their platform is also very user-friendly and allows traders to perform technical analysis.
Libertex is a well-regulated forex broker that requires a minimum deposit of EUR100 to open an account. This is a low minimum deposit in the industry and makes it easy for traders to trade.
The company offers 250+ underlying assets, which include stocks, forex, indices, commodities like gold and oil, and cryptocurrencies. These assets are available for trading on the desktop website and mobile app.
Traders can choose from various payment methods for making deposits and withdrawals on Libertex. Most are instant and accessible, except bank transfers, which may take several hours.
Libertex is regulated by CySEC and has implemented client fund segregation to ensure that traders’ funds are handled separately from the company’s assets if it runs into financial difficulties. Clients can also be assured privacy thanks to end-to-end multi-layered SSL encryption. Additionally, Libertex updates its apps for Android and iOS regularly to protect the personal information of its clients.
Libertex trading fees are not spread-based, and the commission charged for each trade is calculated on the value of the transaction (taking into account leverage). These fees vary based on assets and businesses.
The broker is regulated by the Cyprus Securities and Exchange Commission, which means that clients’ funds are segregated from the company’s operational capital and not exposed to its obligations. Traders can also benefit from a hostile balance protection policy.
This is an essential feature for beginners and professionals, as it limits client losses to their account balances. Furthermore, traders can avoid paying any third-party fees if they use payment methods like PayPal and Skrill.
The platform has a variety of assets available for trading, including currency pairs, commodities, stocks, cryptocurrencies, and indices. It also offers several account types that cater to different needs.
If you are looking for an online trading broker with low commissions and tight spreads, Libertex may be the right choice. The firm offers a wide range of underlying assets, including forex pairs and commodities like oil and gold.
The company’s MT4 and MT5 trading platforms are well-designed, enabling traders to make quick decisions and quickly implement strategies. In addition, several technical indicators are provided for analysis.
In addition to this, there is a free demo account available for traders to try out the platform without risking real money. Traders can also use this account to test their strategies and ensure they’re working correctly before using them live.
Moreover, the broker’s customer support is excellent, with multilingual options available by phone, email, and chat from Monday to Friday from 8 a.m to 6 p.m. CET.
Customer support is essential to any trader, and Libertex certainly has a solid team of people to answer your questions. You can contact them via live chat, email, telephone, or Whatsapp, and they’ll generally provide a reply within an hour.
They also have a robust FAQ section that can help you with various issues. In addition, they state that their email support is one of the fastest in the industry, with a response time of around one business day.
Using a good customer support team can mean the difference between success and failure in the trading world, so it’s essential to choose an online broker with a robust and experienced staff. This is especially true when it comes to technical support, as a minor issue can hurt your trades and profits.