Libertex Account Types
The platform boasts two types of accounts, catering to traders with different experience levels. Whether you are a beginner or an experienced trader, you can find the account type that suits your needs. Let’s take a look at them:
Register for Account
Simply sign up online for a Libertex account.
Verify Your Account
Upload the required documents to verify your identity.
Make a Secure Deposit
Fund your account using Libertex's flexible payment options.
You’re Ready to Trade
Connect to your trading account and start investing in global markets.
Customer Service
This broker offers excellent customer service, available anytime, anywhere. Besides live chat, you can also reach them via:
Our Take on Libertex
The Libertex platform offers a straightforward user experience with a minimal learning curve. Its layout follows a familiar structure, featuring a watch list of selected instruments on the left side, a central charts window, and account information and settings on the right side.
Navigating the platform is intuitive, allowing users to access various features effortlessly. For example, when accessing the option CFDs list, essential information such as put/call prices, daily percentage change, market conviction, and price change over the month and year are easily discernible.
The chart screen is often deemed the cornerstone of any trading platform, crucial for conducting successful technical analysis. The clarity and comprehensiveness of price action depiction significantly influence decision-making.
A quality chart should offer clear and informative representations of price movements, allowing traders to discern even subtle changes in behavior. Moreover, it should be complemented by a diverse array of technical indicators, drawing tools, and other instruments essential for conducting thorough technical analysis.
Here’s a breakdown of the available order types on the Libertex Web Trader:
Market Orders: These orders facilitate immediate entry into the market at the best available price. Upon triggering, they ensure volume filling, although there may be a slight variance between the requested price and the actual fill price.
Limit Orders: A limit order will only execute if the price action reaches the predetermined execution price. This order type allows traders to specify the exact price at which they wish to enter or exit a position.
Stop Orders: These orders are employed to protect open positions by setting a maximum loss limit in case the market moves unfavorably. If triggered, stop orders help mitigate potential losses by closing the position at a predetermined price level.
My Key Takeaways After Testing Libertex on the Libertex Web Platform
Libertex’s mobile app provides traders with convenient access to the market while on the move. It proves invaluable for monitoring the performance of active positions and making necessary adjustments promptly. Given the dynamic and volatile nature of the market, staying informed with the intuitive and user-friendly Libertex mobile app is essential.
The app supports trading CFDs and investing in real stocks, allowing users to place market, limit, and stop orders, as well as adjust the exposure of open trades. While highly customizable, the app lacks technical indicators or drawing tools. However, this limitation isn’t significant, as conducting technical analysis on small-resolution devices is generally not recommended.
For comprehensive technical analysis, I recommend utilizing wide-screen desktop or web trader platforms.
My Key Takeaways After Testing Libertex on the Libertex Mobile App
As a trader who typically avoids using mobile apps due to their limited functionality, I must say that Libertex’s app surpasses my expectations. Despite the challenge of presenting complex information on a small screen, the app effectively maintains the flexibility and practicality of its desktop counterpart.
While I usually refrain from relying heavily on mobile apps for complex technical analysis, Libertex’s app still provides a thorough understanding of price action behavior. During my use of the app over several days, I found it remarkably convenient.
The Bottom Line
Headquartered in Cyprus, Libertex Europe also maintains a representative office registered with BaFin in Germany. Established in 2012, this CySEC-regulated broker has risen to prominence as one of the leading names in the European trading sector over the past decade. With over 300 CFD underlying assets and 300 real stocks available for investment, Libertex offers a diverse range of trading opportunities.
A standout feature of Libertex is its competitive pricing mechanism. The broker imposes low-to-average commissions (starting from 0.0003%), and certain asset classes such as energies, indices, and shares can be traded commission-free. Additionally, Libertex offers very low floating spreads starting from 0.1 pips.
Libertex provides users with a highly customizable and user-friendly web trader platform and mobile app, complemented by the beginner-friendly MetaTrader 4 & 5 platforms. However, the absence of third-party tools is notable.
While Libertex offers diverse in-house educational materials, the lack of third-party content, such as Autochartist, limits alternative perspectives. Moreover, the platform’s educational content is relatively sparse.
Despite these drawbacks, Libertex’s selection of platforms and competitive trading fees make it an attractive option for both novice and experienced traders. Whether implementing high-frequency trading strategies in the short term or longer-term swing and day trading strategies, traders can benefit from Libertex’s offerings.
