Liberty Exchange, or Libertex, is one of the newest trading platforms. This is something of a surprise considering how popular it has been. The company was founded in 2015, owned by two different parent companies depending upon whether a trader is based in Europe or lives somewhere else. In this review, we will dig deep into the company and find out if you should be trading with them or if you should move on to another.
Libertex launched around June of 2015, but both parent companies are part of The Forex Club, which can be traced back to the very beginnings of the online binary trading in 1997. The subsidiaries of the group are based in several locations, and regulated by the authorities in those areas. We’ll get to regulation shortly.
The company has exploded over the last couple of years, making it one of the most used online brokers in the world. There are more than 2.2 million traders using Libertex and the company has over 700 employees, and their reach extends to no less than 27 countries. This simply is one of the top traders on the market today if you look at the numbers.
Indications Investments Limited, which is the parent company behind Libertex, has been regulated by the respected oversight organization CySEC (Cyprus Securities and Exchange Commission). The company has been cracking down on both brokers and traders that are not offering legitimate services so you can trust that the oversight that you’re getting from CySEC is excellent.
There are two basic ways that you can access the Libertex trading platform. Most people tend to use the web interface, which is available via any standard web browser. You don’t have to download any software to use the platform. All you have to do is go to the website and register. However, there is also an app for Apple devices and one for Android users as well.
The interface for this software is really intuitive and user friendly. The left side of the screen has the list of assets and their current prices and the price charts are right now to it.
There are six asset classes and you can choose to list just those in that category or you can look at popular assets, the ones that have risen the most or the ones that have fallen. You can set the expiration time to anything you want; anywhere from one minute to 30 days. Finally, there are charts that you can set to any method you want.
The platform also offers traders the opportunity to “favorite” things like types of charts they like to use, expiry times and assets. The platform also provides a news feed and financial forecasts that comes directly from Trading Central and FxWire Pro. It is a great platform that new traders will love because it’s so intuitive and regular traders will love because it’s so comprehensive.
In addition, the platform has the option for leveraged trading. That means that traders do not need to put up as much money as they are trading. The “multipliers” or leverage ratios will go up to 500 for major pairs with Forex that have very short expiry times (under one minute). The others offer longer expiry times but the way that the Libertex platform works is, the shorter the expiry time, the higher the leverage ratio, and thus the return.
You should be aware that this broker does not have a negative balance protection plan in place, so if you make a trade that loses you $1000 and you only have $500 in your account, then rather than just losing your $500, your account is going to -$500. However, this is actually beneficial because you are able to place more trades, and are not restricted from making a trade right when you need to.
Traders can trade over 150 different assets in 6 different asset classes:
Libertex offers traders two different types of accounts. There is the “real” account that will allow you to trade with real money, and therefore make real money, and the demo account, which is exactly the same except that you are using virtual currency. The minimum that you’ll need to open a real account with Libertex is actually really low – just $10, but you’ll need $100, because the open trades have to be 10% or less of the account balance and the minimum to make a trade with Libertex is $10. As for the demo account, it has $50,000 in virtual currency, split between the web software and the mobile app that you can download if you choose. Everything else is the same.
You might be a brand new trader who is thinking about getting into the business, or you could be an experience trader simply looking for a new platform. In either case, Libertex offers an education section that will teach you everything that you need. They have an excellent video library and an online course that will teach you everything that you need to know about trading with
The minimum deposit amount is only $10 if you want to open an account. You can deposit a great deal more if you choose of course, and Libertex allows deposits in all currencies, so whatever you deposit will be converted in US$, which is the currency that is used by Libertex to make trades.
Unfortunately, there isn’t much to tell when it comes to offers and bonuses. They do have it listed in their T&C, so they obviously offer it. However, you will have to create an account and see what kind of bonus you can get. The only way to see them is on your own account portal, but they do have some kind of bonus structure in place. They must be really excellent though, because traders keep on flocking to them.
When it comes to customer support, this broker really is top-notch. You get live chat that is available in your own language. That means that you’ll get the kind of support that you need and deserve. Not only is this customer support team one of the best out there, but they are able to communicate to you in your own language, which means that you’ll learn the concepts and strategies of trading quickly. They are always willing to help get you on track and start making money.
The bottom line is that Libertex is a pretty decent broker. They have a good reputation, and certainly are safe to go with, and there aren’t many other brokers out there that offer better customer service, online help, training and more. When it comes to regulation, they have higher standards than many of the brokers out there, and you can depend upon them to keep your money safe and your information secure.
They have lots of assets to choose from, within a larger than normal assortment of categories. They have the standard commodities, foreign currency exchange and stocks, but they also have some extras that you won’t find with any other broker. The bottom line is that this is one of the best brokers out there for new and experienced traders alike. They have everything that you need to get started in the world of online trading – and make money.
Risk Warning: Trading may not be suitable for everyone, so please ensure that you fully understand the risks involved.
Minimum Deposit: $200
Minimum Trade Amount: $0,01 lot
Maximum leverage: 1:500
Regulation: FCA, CySEC, ASIC
Trading Platform: Libertex
Special offer: 100% bonus
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