The address on their site is just for CySec and not their real address. Actual HQ is in Montenegro and most people lose their money. Dubious at best, fraudulent at worst, the company is best avoided. I’m only on demo but I’m not sure if can draw support and resistance lines. We provide a detailed review of our experience with the platform, including all the pros and cons that we have experienced.
Libertex has won acclaim thanks to speed with which you can start trading. You’ll find that you can sign up to the brand’s services in just a few minutes. Once you’ve submitted your email and created a password you should find that Libertex will process and verify your account request. CySEC introduced an unnecessary questionnaire, which serves no other purpose than collecting data. There is no verification of responses necessary, and traders may answer at will, making it a nuisance and granting the regulator a good feeling about the regulatory environment. This is a regulatory requirement and nothing to do with Libertex.
Libertex web platform As you can see in the center of the picture of the Libertex Web Platform, there is the chart and the current market. For better analysis, charts can also be shown on a full screen. You will find several tradable markets offered by Libetex on the search option. The tradable markets are on the left side, and on the right are the current positions or account balances.
Suppose you do not open a position, deposit funds, or initiate a withdrawal from the platform for over 180 days; you will be liable to pay an account inactivity fee of 10 EUR per month. Libertex is a unique broker that focuses on niche markets rather than unloading as many assets as possible on their clients. The fee structure is different than most brokers in the modern market too through spread betting with commissions. There are multiple trading platforms that allow both novice traders and experienced investors to access markets with ease.
- You can report a scam here or you can see the legitimate methods for earning online here.
- Libertex offers extensive charting for every underlying asset to its traders.
- Also, there are live webinars that customers can benefit from.
We rank trading costs among the most important aspects when evaluating a trading platform. Libertex is one of the most cost-effective trading platforms you will come across. You will be charged a commission of between 0.1% and 1% for all crypto asset trading. Regarding CFD trading, investors pay low spreads starting from 0.1 pips or $1.00 per standard lot. For example, cashing out via Neteller will cost you 1%, while bank transfer withdrawals incur a 0.5% fee. There are also no monthly subscriptions for using the platform’s services.
You have access to multiple support options, whether you are using the mobile app or the desktop version. This includes live chat in English, Russian, Spanish, and Portuguese, Telegram support, Whatsapp support, and email. The website also offers a knowledge base with solutions to some of the most commonly experienced challenges. That said, feel free to follow Libertex social media pages too. There are hardly any complaints about it, even though it serves over 3 million clients.
The process of deposit and withdrawal is also fast and convenient. Libertex, unlike other online brokers, claims to not provide various account types, and instead just a “real” account and a “demo” for trading and Invest account for investing in real shares. Charting enables you to read the movements of the markets.It also keeps you on track with the historical prices of the market. Libertex offers extensive charting for every underlying asset to its traders.
Reliable customer support is very important to each and every trader.As traders, we want to choose a broker that is easy to reach and quick to respond to. The channels scammed by limefx offered by the broker for customer support are also one thing we look at a broker. Additionally, there are social media channels that you can reach Libertex.
Libertex is one of the few trading platforms that meet multiple user needs. Whether you’re a total newbie trying to learn about trading, or a pro-investor interested in sophisticated market analysis tools, this platform will sort you. It’s also great for both retail and institutional clients. You can spread your portfolio in crypto assets and also try out CFDs. Whether you’re always on the go or prefer to work from an office or home, this platform will serve you well. The mobile app is as seamless and functional as the desktop version.
Top 3 Forex Brokers
When it comes to trading platforms, the broker features Libertex and MetaTrader 4. CFDs are complex instruments and carry a high risk of quickly losing money due to leverage. You should consider whether you understand how CFDs work and whether you can take the high risk of losing your money.
Here you just need to register with your email address and password. In addition to trading numerous other underlying stocks, the platform also offers the possibility to bet on cryptocurrency price trends. Leverage is a financial technique allowing traders to borrow a larger amount of money from the broker with the aim to magnify their initial balance. Leverage is indeed a great option, yet the probability of profits or losses increases in parallel, which makes it essential to learn how to use leverage smartly. This means that the EU authority supervises the financial markets and LimeFx services firms, their compliance and reliability within the zone, and enables them to provide services to all EEA .
Customer Service – Reaching real agent assistance in our Libertex review UK
Our Libertex review 2023 found that the brand takes a CFD approach for its crypto trading. No need to have any crypto mining software here, as you can trade a CFD on a cryptocurrency with just a click of a button. Beginner traders get written educational content, usually published on the Libertex blog. Libertex hosted webinars, but the last one was two years ago, and regrettably, it does not grant access to past ones. I recommend beginners seek their education from trusted third-party sources available online free of charge. Libertex introduced a research and market reviews section but only has three articles.
You should be aware of all the dangers connected with cryptocurrency trading and seek counsel from a financial expert who is not affiliated with any cryptocurrency exchange. This website’s Bitcoin Era review, opinions, news, research, analysis, pricing, and other information are offered as general market commentary and do not represent LimeFx advice. After that, the user is free to decide whether he wants to make Libertex experiences with the demo account first, or whether he starts with real money trades right away. The account is named Libertex, which gives you the opportunity to choose a platform either a proprietary one or mainstay at popular MT4. The Libertex Invest account features no commissions for buying stocks. There are no account management fees and there are no trade fees or swaps.
Mobile trading is possible with Libertex through its Libertex Mobile Platform.This platform is developed by Libertex and has the same functions the Libertex Web Platform offers. The only difference is that this platform requires a download of the App. This App is available in AppStore for iOS and GooglePlay for Android.
How do I withdraw from Libertex?
More than 250 different underlying assets are available with this broker. You can trade CFDs on stocks, currencies, cryptocurrencies, and more. We think that Libertex endeavors in adding new and interesting https://limefx.biz/ underlying assets to the platform. Please be aware that CFDs and other trading products are usually regulated in the EU and may only be offered to end customers by licensed providers.
It’s hard to believe managers, because their company is out of law. All of the information and materials available on PublicFinanceInternational.org is not financial advice and is for general informational purposes only. Nor PublicFinanceInternational lime fx or any of our affiliates makes any recommendation or implies any action based on the information we proved to you. We don’t make any solicitation or recommendation to take any action or trade or invest in any financial instrument, asset, or commodity.
I also really like the huge variety of stocks and such to choose from. I became a crypto asset owner in 2014, when the industry was in its infancy. Before that, I was working in the classic US and European stock markets. Since then, I have gained extensive experience in both cryptocurrency investing and day trading.
Investors are able to open up both account types at any one time and you can easily do so from within the trading dashboard. All trading accounts can use the Libertex demo trading account as well. Founded back in 1997, Libertex is a renowned CFD broker that has provided trading services to millions of people from around the world. This broker cuts through the competition by offering niche and specialised assets rather than thousands of assets.