Overview of Libertex Forex Broker

Libertex is a reputed CFD and Forex broker owned and operated by Indication Investments Ltd with its own propriety trading platform. The broker is regulated by several jurisdictions of Russia and Cyprus. The broker has its sister brand by the name of Forex Club with units on Grenadines and St Vincent. If you are looking for a higher leverage on FX trading, this is the broker to opt for. But it is recommended that traders should bid in the lowest levels so as to prevent themselves from severe losses. The broker has its offices in more than 100 different countries across the globe. It came into existence in the year 2015 and within a time span of fewer than 3 years; it has garnered a lot of attention from prospective traders.

Trading Account Features at a Glance

At first appearance, it seems that the Libertex Forex Broker does not offer any special trading account to its customers. Traders have to open an account with a minimum deposit of $100 in order to access all the features of trade platform. Since there is no availability of ECN, the traders have to execute a trade through the dealers and Libertex is the market maker. The broker offers a commission system where traders can set pips to 0 and pay commission for every trade.

Spreads and Commission of Libertex

The broker offers the commission in terms of percentage with a multiplier which in turn acts like a spread. Commission commences from 0,0.11% or 1 pips for EUR/USD currency. This is something quite nice which is not found in many brokers. Normally traders have to make a minimum deposit of $250 in order to get spread of 1 pip. If you buy 1000 EUR with this broker with x200 multiplier, the commission will be 32 EUR. While closing the trade position, the commission would not be deducted from the demo balance.

Libertex Commercial

Demo Account Features

Account creation is fairly easy with Libertex broker and it takes less than 10 minutes to set up the trading account. After account verification, the trader will have full access to the trading platform. The broker offers demo account with access to $5,000 in virtual money in a no-risk trading environment. The demo account will help the traders to devise better trade strategies and get a better understanding of the trading platform. Once you are confident, you can switch to the real trading account by depositing $250 with the broker.

VIP Account at Libertex Broker

For traders who want to access more features and have a lot of capital with them, they can definitely opt for the VIP account with the broker. Traders will have to make a minimum deposit of $5,000 to avail the VIP features. Some of the perks of having this special account type are 50% reduction in the commissions and access to the auto-chartist feature for the better trading signal.

Forex Trading Platform

As we have mentioned above, the trading platform at Libertex is created by the broker itself and does not employ software like Metatrader, MetaQuotes or Sirix. The overall layout of the trading platform is pretty much standard with assets on the left and charts in the centre. There is space available to add the assets on the right. On the top right corner of the chart, there is the open trade button which corresponds to the asset viewed at the moment in the chart.

Technical Analysis and Charting Feature

The overall appearance of the “chart” feature is quite simple. All the analysis tools are crammed at a single place and do not offer a good experience to the traders. But the chart can be enlarged suited to the convenience of the traders. Some of the different oscillators and indicators offered within the trading platform of Libertex broker are mentioned below:

    Coppock Curve

    Arnaud Legoux MA

    Aroon

    Envelope

    MACD

    Alligator

    Zig Zag

    All kinds of Moving Averages

    Mass Index

Some of the different oscillators offered to the traders are CCI, Stochastic oscillator, RSI, Balance of Power and Awesome Oscillator.

The different volatility indicators offered by the broker are Donchian Channels, Relative Volatility Index, Bolinger bands.

CFD Cryptocurrency Trading

Just like other Forex and CFD brokers in the trading industry, Libertex offers cryptocurrency trading to all the customers. All the tools mentioned above can be used to trade the crypto assets. Some of the different cryptocurrency available for trade is:

    Bitcoin

    Bitcoin Cash

    Litecoin

Different pairs available for cryptocurrency trading are Litecoin / Bitcoin (BTCETH) and Bitcoin Cash / Bitcoin (BCHBTC).

Libertex is one of the very few Forex brokers in the industry that offers cryptocurrency pairs for online trade. Most of the other brokers offer BTC/USD currency pair which offers limited features to the traders.

Customer Support Center

Traders can interact with the staff members at Libertex FX broker through live-chat. All the staff members are friendly and are prompt in their response to any kind of query or problems. Email support is also available and the problem is addressed by qualified customer care professionals in 24 hours time. Traders can also access the telephone number in order to speak directly with the helpdesk customer support centre.

For the ease and convenience of the traders, the website of Libertex is available in several languages like for instance: Danish, Dutch, French, German, Polish, Portuguese, Italian, Russian, Spanish and Swedish.

Deposits and Withdrawals

Some of the different payment methods accepted by the broker include VISA, MasterCard, Bank Wire and Skrill web wallet. The minimum deposit amount is $100 after which traders will have access to the trading platform. Before depositing the money, traders need to enter their personal details. Withdrawals are also swift and processed in the minimum time period.

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