Libertex

Registered traders can check out the Libertex blog to get some valuable trading information and tips, along with the latest company news and trading updates.

Is Libertex Reliable?

Traders can trust Libertex. While the company delivers an excellent online trading platform, it also warns customers about the risks of trading money on CFDs. You can read the complete risk warning on the online broker’s official website. Moreover, the company operates under a license issued by the Cyprus Securities and Exchange Commission (CySec), numbered 164/12.

Customers can easily get help on the trading platform thanks to a 24/7 customer support system. If they are new, they can access the education section of the website to get all the basics on how to trade online and make a profit.

Simple Guide to Registering a Trading Account

Registering an account at the online trading company is easy. You can open two major types of accounts:

Demo Accounts

To open a demo account, you have to click on a link labeled “or practice on a demo account,” which is located just below the red “Register An Account” tab on the Libertex homepage. A pop-up registration form opens on their screen as soon as they do so.

Traders have to input their email and password and check the box against the declaration that they agree to the processing of their personal data. Finally, they have to click on the grey Register An Account tab.

Real Money Account

The procedure to opening a real money account is the same as above. Traders have to click on the red “Register An Account” tab on the homepage to open the simple pop-up online registration form and fill it.

A demo trading account is similar to a real money account except that the demo account can be used without risking one’s money.

The money loaded into a demo account has absolutely no value. So, you cannot withdraw it and use it as real money.

The purpose of opening a demo account is to learn more about online trading and to master trading skills and strategies. Whenever traders feel that they are ready to trade real money, they can switch to their real money accounts.

Get a Welcome Bonus

Libertex welcomes new traders with a generous welcome bonus, and the steps to claiming this bonus are quite simple:

To qualify for this offer, traders have to deposit at least $100, but they can claim a maximum bonus of 100% up to $10,000. The online broker credits converted bonus into trader accounts in increments of 2%, but traders are required to convert the entire bonus amount into real money in 90 days.

List of Assets

Registered customers can trade on hundreds of instruments across 8 asset classes at Libertex. The most popular assets are those that have the potential to generate profit because of their volatility. To start trading on any of them, traders just have to visit the trading page and select them.

Here is a list of assets at the online broker:

Types of Trading Platforms

You can choose from three types of trading platforms according to their individual tastes, preferences, and requirements:

Making Deposits and Withdrawals

Traders can load their accounts by visiting the deposit menu in the trading platform. Libertex currently offers the following banking options:

Ideally, traders should deposit in USD. If they use any other currency, the online broker converts it into USD and charges a conversion fee, which is revised every day.

Withdrawing profits is just as easy as making deposits. Traders have to head over to the withdrawal section and choose from Skrill or Bank Transfer. While the former supports only USD, the latter supports EUR and USD. The commission charged for Bank Transfer is US$29 and that charged for Skrill is US$0.5 or 1%, whichever is greater.

While Skrill withdrawals are instant, Bank Transfer withdrawals take up to five working days. The minimum withdrawal is US$1 for Skrill and US$20 for Bank Transfer. While customers can withdraw as much as they like with Bank Transfer, they cannot withdraw more than US$500 at a time with Skrill.

How to Get Help

Libertex offers an exhaustive knowledge base with all the information traders will ever require about issues such as payments, trading operations, trading rules, and verification & services. It includes a search bar, in which traders can input keywords to find the information they require.

If traders need to contact a customer support agent immediately, they have to click on the Online Chat button on top of the page. This opens a live chat window, which prompts them to input their name and email address before they can start chatting with a customer support agent.

Another way to contact a customer support agent is to click on the Contact Us link at the top of the homepage. This opens an online contact form, in which customers should input the subject and email address, choose the type of query from the dropdown box provided, and type in their description before clicking on the blue Submit button at the bottom. Traders can attach a file if they like to further explain their problem.

Our Take on Libertex

Libertex may have a few drawbacks such as its limited customer support, but trading on its platform comes with several benefits. In the first place, the company operates under a CySEC license, which provides a lot of protection to traders and their funds. Second, the company has won several industrial awards, indicating that its services are recognized and appreciated.

It is also a great platform for beginners as it offers a comprehensive knowledge base and plenty of educational material. It is also worth noting that the millions of customers who have registered at Libertex appear to be satisfied with its online trading services.