Overview of Libertex

Registered in Saint Vincent and the Grenadines, Libertex is a forex broker that was founded in 1997 and is a popular broker that offers a wide range of trading assets, including forex, commodities, indices, and cryptocurrencies. The minimum deposit required to open an account with Libertex is $100, and the maximum trading leverage offered is up to 1:500.

Libertex operates on a fixed spread model, meaning that there are no commissions charged on trades. Spreads are competitive, and the broker offers a range of account types to cater to different trader needs.

Libertex prides itself on its commitment to customer satisfaction and support, offering excellent customer service through multiple channels, including email, live chat, and social media. The broker also provides a wide range of educational resources to help traders improve their skills and knowledge, including webinars and a comprehensive knowledge center. 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.

Here is the home page of this brokers official site:

Is Libertex legit or a scam？

Libertex is a trademark of Libertex International Company LLC. Libertex.org is operated by Forex Club International LLC, a company registered in St. Vincent and the Grenadines (Registration No. 1277 LLC 2021).

Another Cyprus-based entity, Indication Investments Ltd, regulated by the Cyprus Securities and Exchange Commission (CYSEC) under regulatory license number 164/12.

Pros and Cons

Libertex offers commission-free trading, a user-friendly platform, and a low minimum deposit requirement. Additionally, the broker provides a range of educational resources and trading tools to support its clients. However, Libertex is not regulated by any major financial authority, and it has limited trading instruments compared to other brokers. The customer support options are also limited, with no live chat or phone support available.

Market Intruments

Libertex offers a wide range of market instruments to its clients, including stocks, cryptocurrencies, crypto mining, forex, metals, indices, agriculture, oil and gas, and ETFs. With such a diverse range of instruments, traders have the opportunity to build a well-rounded and diversified portfolio.

Stocks, for instance, allow traders to invest in a variety of companies across different sectors and industries, while cryptocurrencies and crypto mining offer a new and exciting market for those interested in emerging technologies. Forex trading, on the other hand, offers the chance to trade on the fluctuations of global currencies, and metals, such as gold and silver, can provide a hedge against inflation and market volatility. Additionally, indices allow traders to invest in a group of stocks representing a particular sector or country, while agriculture and oil and gas provide exposure to commodities that are essential to global markets. Finally, ETFs provide a convenient and cost-effective way to invest in a basket of securities.

Account Types

It appears that this broker offers two types of unique trading accounts, Libertex Portfolios and Libertex CFD.

The Libertex Portfolio account is a new kind of account that caters to the needs of both novice and seasoned investors. This account is designed to provide traders with the opportunity to invest in a range of stocks, and this feature has made the Libertex Portfolio a popular choice among investors who seek to diversify their portfolio.

The Libertex CFD account is a comprehensive trading account that is designed to meet the diverse trading needs of investors. With this account, you have access to an array of trading instruments, including cryptocurrencies, forex instruments, gold, oil, and stock indices, among others. The account comes with a flexible leverage system that allows you to use a multiplier of 1 to 999.

Demo Account

Libertex offers a demo account for traders who are new to the platform or want to practice their trading strategies without risking real money. The demo account is free and allows traders to trade with virtual funds in a simulated trading environment. The demo account provides access to all the trading instruments and tools available on the platform, enabling traders to familiarize themselves with the platform's features and functionalities. This allows traders to test their trading strategies in a risk-free environment and get a feel for the market before committing to a real trading account.

How to open an account？

To open an account with Libertex, you can follow these steps:

• First, visit their website and click on the “Sign Up” button.

• Then, enter your personal information, including your full name, email address, and phone number. Next, choose the account type that best suits your trading needs, whether it's the Libertex Portfolio, Libertex CFD, or a demo account.

• After selecting your account type, provide any additional information required to verify your identity, such as a government-issued ID or a utility bill.

• Once your account is verified, you can then deposit funds using one of the available payment methods, such as credit/debit cards or bank transfers. After making a deposit, you can start trading immediately using the Libertex trading platform, which offers a range of tools and features to help you make informed trading decisions.

Leverage

Libertex offers a maximum trading leverage of up to 1:500, which is a highly competitive offering compared to other forex brokers in the market. With this leverage, traders can amplify their potential profits by up to 500 times their initial investment, but they should also be aware of the increased risks involved. Additionally, the Libertex CFD account allows traders to use a range of leverage options from 1:1 to 1:999, which provides traders with even greater flexibility in managing their risk and potential profit. Traders should carefully consider their trading strategy and risk tolerance when choosing the appropriate leverage for their trades.

Spreads & Commissions (Trading Fees)

According to the information provided by Libertex, they claim to offer spreads starting from 0.0 pips on certain trading instruments. This means that for these specific instruments, the difference between the bid and ask price can be as low as 0.0 pips, indicating a tight spread.

Regarding commissions, Libertex states that they do not charge any commission fees. This suggests that their fee structure is based solely on the spreads offered. Instead of charging separate commissions per trade, Libertex incorporates the costs within the spreads they provide. This can provide traders with a transparent and all-inclusive pricing model.

It's important to note that while Libertex advertises spreads starting from 0.0 pips and no commissions, the actual spreads may vary depending on market conditions, volatility, and the specific trading instrument. Different trading account types and platforms offered by Libertex may also have varying spreads.

Non-Trading Fees

Libertex does not charge any non-trading fees, such as deposit or withdrawal fees, inactivity fees, or account maintenance fees. However, there may be fees charged by payment providers for deposit and withdrawal transactions, which vary depending on the payment method and the user's country of residence. It's important to check the fee schedules of the chosen payment method before initiating any transactions.

Trading Platform

Libertex offers three trading platforms for its clients: MetaTrader 4 (MT4), MetaTrader 5 (MT5), and the proprietary Libertex platform.

MT4 and MT5 are popular trading platforms that offer a wide range of trading tools and features. They both support automated trading through Expert Advisors (EAs) and allow for customization of indicators and charting tools. Additionally, they provide access to a large library of educational resources and analysis tools.

MT4 and MT5 are popular trading platforms that offer a wide range of trading tools and features. They both support automated trading through Expert Advisors (EAs) and allow for customization of indicators and charting tools. Additionally, they provide access to a large library of educational resources and analysis tools.

The Libertex platform, on the other hand, is a user-friendly trading platform designed for traders of all levels. It provides a simple and intuitive interface with a range of trading instruments, including stocks, forex, commodities, and cryptocurrencies. The platform also offers a range of technical analysis tools, educational resources, and a news feed to keep traders up to date with the latest market developments.

Welcome Bonus

It appears that this broker offers a 100% welcome deposit bonus for new clients. To be eligible for the bonus, the minimum deposit amount is $100, and the maximum bonus amount is $10,000. This means that if a new client deposits $100, they will receive an additional $100 in bonus funds, making their total account balance $200. However, if a new client deposits $15,000, they will only receive the maximum bonus amount of $10,000, making their total account balance $25,000.

Deposit & Withdrawal

Deposit and withdrawal methods are an important consideration when choosing a forex broker. It's worth noting that for this particular broker, the only available payment methods are Visa and Mastercard. While these methods are widely accepted and convenient for many traders, it's important to keep in mind that some traders may prefer other payment options, such as bank transfers or e-wallets. It's always a good idea to check with the broker's customer support team to ensure that their available payment methods meet your needs before opening an account.

Customer Support

Libertex offers several customer support options, including phone support and email support. Additionally, they offer a live chat feature that allows clients to connect with a customer support representative in real-time to get assistance with their questions or concerns. This feature is available 24/5 and can be accessed directly from the Libertex website.

The live chat feature is a convenient way for clients to get quick answers to their questions or to receive assistance with any issues they may be experiencing. It can also be a helpful resource for new clients who may have questions about the platform or how to use its features.

Educational Resources

Libertex offers a variety of educational resources to help traders make informed decisions. Their blog covers a range of topics related to trading, including market analysis, strategies, and trading psychology. In addition to the blog, they also provide a news section that covers major economic events and their potential impact on the market. For traders who want to stay up-to-date on the latest economic events, Libertex offers an economic calendar that shows upcoming releases and their expected impact. Other educational resources include webinars and video tutorials that cover a range of topics from beginner to advanced trading concepts.

Conclusion

Libertex is a Seychelles-based online forex and CFD broker that offers a wide range of trading instruments, including stocks, cryptocurrencies, metals, and indices. The broker provides traders with multiple trading platforms, including MT4, MT5, and their proprietary Libertex platform, which is available for desktop and mobile devices. Additionally, Libertex offers a demo account for beginners to practice trading without risking real money.

However, it has a limited range of payment options and does not offer 24/7 customer support. Furthermore, the lack of educational resources may be a disadvantage for beginner traders who require additional guidance. Overall, Libertex may be a suitable broker for experienced traders seeking a diverse range of trading instruments and platforms, but may not be the best fit for beginners or those in need of comprehensive educational resources and round-the-clock support.

Frequently Asked Questions (FAQs)

General Information & Regulation

Spread Co Limited is a limited liability company registered in England and Wales with its registered office at 22 Bruton Street, London W1J 6QE. Company No. 05614477. Spread Co is an online spread betting and CFD broker specialising in forex, commodities, equities and indices. Spread Co Limited is authorised and regulated by the Financial Conduct Authority with regulatory license no. 446677.

Market Instruments

With a Spread Co account, investors can trade on a wide range of global markets, from major indices and global equities to foreign exchange currency pairs, commodities, crude oil, precious metals, and bitcoin, to meet a wide range of investment needs.

Account Types

Spread Co has two different types of accounts, the spread trading account and the CFD account. Minimum deposits depend on account types. To open a spread trading account, traders are required a minimum initial deposit of £200 and £250 for a CFD account.

Demo Account

Spread Co does offer a demo trading account for beginners to practice forex trading in a 100% risk-free environment. The Spread Co demo account does not have a specific expiry date. Some features of the Spread Co demo accounts include the following:

• Practice trading with £25,000 virtual funds

• Develope you strategies with no risk

• Learn how risk management tools work

Leverage

Leverage level offered by Spread Co do depends on the regulatory requirement you trading with and the brokerage operates. This applies due to various safety measures applied to eliminate the risks involved while trading, specially for retail traders.

With Spread Co, LverageTrading leverage vary by different instruments:

• 1:30 for Forex currency pairs,

• 1:10 for commodities

• 1:20 for indices

• 1:5 for enquities

Spreads & Commissions

Spread Co offers commission-free trading, and the broker only takes its cut from the spread. EURUSD spreads start from 0.8 pips, 4 pips for US Crude Oil, 4 pips for Gold, and 40 pips for Bitcoin/USD.

There are no other fee indicated for Spread Co, but traders are advised to verified fees pertainning to the following：

• Account maintenance and management

• Inactivity fees and Conversion fees

Trading Platforms

What Spread Co offers traders is not the MT4 trading platform, which is currently the most popular one, but its in-house developed online trading platform. This online trading platform requires no download and allows traders to customize their trading experience for experienced traders and novice traders. Anyway, lack of widely used MT4 & MT5 trading platforms really a drawback for such a big broker.

Deposit and Withdrawal of Spread Co

Spread Co allows traders to deposit and withdraw funds from their investment accounts via the following methods:

• Credit Card;

• UK Credit Card;

• Bank Transfer;

• Skrill

Spread Co does not charge traders any fees for withdrawals or deposits . Spread Co has no limit to how much you can fund via the platform, but the maximum amount which it can accept for your first payment is GBP500 via the phone. Successfully authorized payments will be available immediately.

Spread Co suppports the following deposit currencies when deposits and withdrawals are made to end from the trading account: GBP, USD, EUR.

Customer Support

Customer services are available in several options: email, whatapp, Live chat, and telephone.

Here are some contact details:

Telephone: 0800 078 9398

Email: info@spreadco.com

Or you can also follow this broker on some social media platforms, such as Facebook, Twitter, and Youtube.

Educational Resources

Spread Co provides clients support through relationship managers that provide assistance as well as providing eucation. The broker provides educational library with multiple guides and video updates along with the market overview, platform, news and economic calendars.

Pros & Cons

Frequently Asked Questions

Is Spread Co legal ？

Yes, Spread Co is a legal broker that adheres to rules and regulations stipulated by the FCA.

Does Spread Co offer a demo account？

Yes, Spread Co does offer a demo account that is valid for 2 weeks.

What is the maximum trading leverage offered by Spread Co？

The maximum trading leverage offered by Spread Co is up to 1:30.

What are the deposit and withdrawal methods supported by Spread Co ？

Payment methods supported by Spread Co include Bank Wire Transfer, Credit/Debit Cards, Skrill.

What is the overall rating for Spread Co ？

The overall rating for Spread Co is 7.06/10 based on its License Index, Business Index, Risk Management Index, Software Index and Regulatory Index.