Libertex is a regulated mobile broker that gives traders access to the financial markets via two intuitive native apps. Mobile traders can download the free applications either from the brokerage’s official website or by navigating to the official Google Play or App Store platforms.
They will benefit from instant withdrawals and a range of risk-management tools that can improve their performance on the markets. Beginner traders can take advantage of the option to practise with free demo accounts, loaded with $50,000 in virtual trading credits. The dedicated apps are compatible with Android Lollipop and iOS 10+.
The broker’s technical team constantly updates and improves the app to ensure a smooth trading experience for all investors, regardless of what device they use. The apps stand out with myriad convenient features, including fast trade closing, a simple interface and more than 250 financial instruments, ranging from indices and stocks to cryptocurrencies, commodities and forex pairs.
| General Information about Libertex | |
|---|---|
| Min. Deposit | $/€10, €100 (first deposit, Europe) |
| Supported Languages | N/A |
| Supported Currencies | CHF, EUR, GBP, PLN, USD |
| Website | https://libertex.org/ |
| Phone Number | +44 745 6417 828 |
| Support Email | info@help.libertex.org |
| Headquarters Address | Financial Services Center, P.O.Box 1823, Stoney Ground, Kingstown, VC0100, St. Vincent & the Grenadines |
| Trading Information | |
|---|---|
| Trading Platforms | MetaTrader 4, MetaTrader 5 |
| Demo Account | |
| Hedging | |
| Scalping | |
| US Traders | |
| Arabic Traders | |
Account types on the Libertex mobile app
Newcomers to Libertex, who are reluctant to start trading for real money just yet, can download the user-friendly apps and open demo accounts with $50,000 in free credits. Traders who are confident in their abilities can choose between two live account types – a retail and a professional one.
| Market | Leverage |
|---|---|
| Commodities CFDs | 1:20 (BaFin | Retail Account) |
| Commodities CFDs | 1:20 (CySEC | Retail Account) |
| Commodities CFDs | 1:20 (SVGFSA | Retail Account) |
| Commodities CFDs | 1:10 (BaFin | Retail Account) |
| Commodities CFDs | 1:10 (CySEC | Retail Account) |
| Commodities CFDs | 1:10 (SVGFSA | Retail Account) |
| Crypto CFDs | 1:2 (BaFin | Retail Account) |
| Crypto CFDs | 1:2 (CySEC | Retail Account) |
| Crypto CFDs | 1:2 (SVGFSA | Retail Account) |
| Forex CFDs | 1:30 (BaFin | Retail Account) |
| Forex CFDs | 1:30 (CySEC | Retail Account) |
| Forex CFDs | 1:30 (SVGFSA | Retail Account) |
| Indices CFDs | 1:20 (BaFin | Retail Account) |
| Indices CFDs | 1:20 (CySEC | Retail Account) |
| Indices CFDs | 1:20 (SVGFSA | Retail Account) |
| Stock CFDs | 1:5 (BaFin | Retail Account) |
| Stock CFDs | 1:5 (CySEC | Retail Account) |
| Stock CFDs | 1:5 (SVGFSA | Retail Account) |
Retail accounts at Libertex
The retail accounts available via the Libertex mobile apps are equipped with an array of useful features, starting with high execution speeds for your orders and negative balance protection. The account can be registered in several languages, including German, French, Portuguese, Polish, Italian, Dutch, English and Spanish.
The registration process is so easy that you can start trading in under a minute. During registration, traders will be asked several trading-related questions to determine their level of competence.
Once you sign up and deposit for the first time, the app will prompt you to upload some documents for validation purposes. As a rule of thumb, Libertex validates new accounts within a three-business-day window.
Live retail accounts are equipped with the so-called Multiplier feature and allow trading with leverage. The leverage is country-specific and depends on the financial regulations in your jurisdiction. Leverage also varies between instruments, as you shall see later when we discuss the range of financial markets offered by Libertex.
Registered users who sign in to their accounts have access to a loyalty programme that treats them to various perks. Note that if you sign up for a free demo account, you will be able to switch back and forth between your demo and live account within the app. This is greatly beneficial to mobile traders since it enables them to test new trading strategies without exposing their real funds to risk.
Professional accounts at Libertex
Libertex also offers professional trading accounts to more experienced customers. This allows them to trade with considerably higher leverage, reaching up to 1:600 depending on the financial instrument. As is normally the case, customers must meet certain criteria to become eligible for professional accounts.
They need to possess relevant trading experience and to have carried out at least ten significant transactions in recent months. They must also have a portfolio of at least $500,000. Note that you are not expected to deposit this amount into your balance. You simply need to prove your portfolio is at least this size.
The portfolio should contain derivatives, shares and debt instruments. Ownership of commodities and property does not qualify for this purpose. The professional account includes negative balance protection and entitles you to the services of a financial ombudsman. Negative balance protection prevents clients from losing more money than they have deposited into their accounts.
It is also essential to point out that professional traders at Libertex, being considered more competent, enjoy lower protection levels compared with customers who hold retail accounts. To upgrade a retail account to a professional account, you must fill in and send an application for changing your client status. The form can be downloaded from Libertex’s official website.
Libertex Mobile App Trading Instruments
The mobile app of Libertex provides mobile traders with on-the-go access to over 200 financial markets. Here you can trade with currency pairs (majors, crosses, and exotics), stocks, commodities, indices, cryptocurrencies, and Exchange Traded Funds. Just keep in mind the instruments you can invest in might differ depending on where you register from.Forex Currency Pairs
The Libertex mobile app offers Forex traders a diverse selection of more than forty currency pairs, including major pairs such as USD/JPY, GBP/USD, EUR/USD, and AUD/USD. Cross pairs like CAD/JPY and exotic pairs such as CHF/SGD are also available.
However, if you are new to trading, it is best to avoid experimenting with cross and exotic pairs, at least until you gain enough experience. You are better off sticking to the majors because they tend to be less volatile.
Major pairs also provide access to maximum leverage of 1:30 for EU retail customers, with a margin requirement of 3.33%. Minor pairs come with lower leverage of 1:20 and a 5% margin.
Cryprocurrencies
If you are looking to diversify your trading portfolio with more volatile instruments, Libertex’s mobile app gives you the opportunity to trade a wide range of cryptocurrencies. In addition to Bitcoin, you can choose from Litecoin, Ethereum, Monero, Qtum, Zcash, Stellar, Iota, Cosmos, Maker, Chainlink, Ontology, Ripple, and many others. The platform also displays the strength of each cryptocurrency’s price movement, enabling you to make more informed trading decisions.
Stocks and Indices
Libertex’s mobile app offers more than 50 stock Contracts for Difference (CFDs). Before you invest in these instruments, you should bear in mind that the markets are highly volatile. With this in mind, you can trade the shares of some of the biggest companies across Europe, North America, and Latin America.
The companies are organized by sector. You can choose among sectors such as technology, industrials, materials, health care, telecommunications, consumer goods, finance, and several other categories. Stock trading is available for large corporations such as Google, Microsoft, Intel, Adidas, Nike, eBay, Mastercard, American Express, and more.
Mobile traders can reduce their exposure to volatility by investing in indices, which are essentially groups of stocks from multiple companies. These indices measure the performance of baskets of companies’ shares and reflect specific areas of the market. Here, you can choose from major European, Asian, and North American indices like the Dow, Nasdaq, S&P 500, FTSE 100, and the Chile Index.
Soft and Hard Commodities
Trading commodities is another way to add diversity to your mobile trading portfolio. As a rule of thumb, commodities are considered riskier financial instruments because their price movements are influenced by factors that are difficult to predict accurately, such as weather conditions, natural disasters, and geopolitics.
At Libertex, you can trade a variety of assets – including crude oil, gold, copper, silver, platinum, palladium, heating oil, natural gas, coffee, cocoa, soybeans, corn, sugar, and wheat – with as little as $10. A variety of timeframes is available for your positions, ranging from one minute to a month. You can also take advantage of detailed technical analysis tools, including trend, volatility, and oscillator indicators.
ETFs Trading at Libertex
Mobile traders who decide to join Libertex are also presented with the option to invest in exchange-traded funds, or ETFs. These funds represent baskets of securities that track underlying indices. An ETF may consist of many different types of investments, including, but not limited to, stocks, bonds, and hard and soft commodities. Libertex offers a selection that includes the iShares MSCI Mexico, iShares China, iShares MSCI United Kingdom, and iShares MSCI Germany ETFs, to name just a few of the available options.
Libertex mobile app fees and spreads
Libertex offers standard market execution for mobile traders’ orders and ensures transparent and fair trading conditions for its customers. One thing that makes this mobile brokerage stand out from the crowd is the absence of spreads on clients’ trades.
Instead, the broker charges competitive commissions, but the exact percentages differ based on various factors. Accounts with higher balances have greater status tiers and therefore enjoy lower commissions. The tiers depend on the amount you deposit into your balance.
Another factor that plays a role here is whether you trade via the MetaTrader software or choose to use the proprietary platform of the brokerage. You must trade via the Libertex terminal to take advantage of the lower commissions. There are several status levels, starting with the Gold level, which can earn you up to 3% lower commissions for cumulative deposits of $250.
The Gold Plus level comes with 4% lower commissions for total deposits of $1,450. This is followed by the Platinum level, where commissions are up to 20% lower for overall lifetime deposits of $1,500. You progress to VIP and VIP Plus status with a balance of $5,000 or $50,000, which earn you 30% and 40% lower commissions, respectively.
The final three statuses also offer additional perks such as premium customer support and faster withdrawals. Bear in mind there is also a rollover fee charged as interest at the end of each trading day. This can be either negative or positive. Another crucial point to mention about the commissions at Libertex is that they might be higher during periods of increased market volatility or when the liquidity of a given market drops.
| Instrument | Spread |
|---|---|
| AUDUSD | AVG 0.1 pips |
| EURGBP | AVG 0.4 pips |
| EURUSD | AVG 0.1 pips |
| GBPUSD | AVG 0.2 pips |
| NZDUSD | AVG 1.4 pips |
| USDCAD | AVG 2 pips |
| USDCHF | AVG 1 pips |
| USDCNY | AVG 5.4 pips |
| USDJPY | AVG 0.5 pips |
Libertex mobile banking
Mobile traders who become part of Libertex’s extended family can fund their accounts via a good selection of safe banking solutions, including e-wallets, credit and debit cards, bank wire transfers, online banking processors and rapid transfers.
If you are looking to fund your account while on the go, you must sign in via the app and navigate to the wallet tab. Then you tap on Deposits and select your desired banking solution. All you need to do after that is follow the instructions to complete the transfer of your funds.
| Brand | Minimum | Fees | Processing Time |
| $100 | No Fees | Instantly | |
| $100 | No Fees | Instantly | |
| $100 | No Fees | Instantly | |
| $100 | No Fees | Up to 48 hours | |
| $100 | No Fees | Up to 48 hours | |
| $100 | No Fees | Up to 48 hours | |
| $100 | No Fees | Up to 48 hours | |
| $100 | No Fees | Up to 48 hours | |
| $100 | No Fees | Up to 48 hours |
| Brand | Minimum | Fees | Processing Time |
| $10 | $1 | 3 to 5 business days. | |
| $10 | $2 to $10 | 1 and 2 business days | |
| $10 | 1 and 2 business days | Instant | |
| $10 | $1 | Instant |
Deposits
Libertex provides mobile traders with various deposit options, starting with debit and credit cards by Visa and Mastercard. Most of the available deposit solutions are commission-free, except for the virtual wallet Skrill, where a charge of 1.9% applies. The remaining methods are free to deposit with.
Nearly all deposit solutions use EUR for the money transfers. An exception is made for the regular bank wire transfer, which supports GBP, USD and EUR. It also has no minimum or maximum limits on payments. Bank cards, Skrill, Giropay, iDEAL, Trustly, the Polish method Przelewy24, Bitcoin and the Portuguese Multibanko have limits of $100 to $10,000 per transaction.
The limits of the rapid bank transfer range from $100 to $5,000, whereas those for Neteller are $100 to $2,000. However, the rapid bank transfer is only available to traders domiciled in Spain, the UK, Sweden, Norway, Portugal, Austria, Denmark, Germany, Italy, Finland and France.
Clients with permanent residence in Austria, Germany, Italy and Spain can deposit via the online banking platform Sofort, where the limits range from $100 to $3,000. As for the deposit timeframes, these are also method-specific.
If you want to make instant deposits and start trading immediately, you should choose debit/credit cards or the e-wallet Skrill. The bank wire transfer is the least time-efficient payment solution at Libertex, taking up to 5 business days. The rest of the available deposit options may require up to 48 hours to process.
Withdrawals
You can request a withdrawal of your trading earnings in the same way – you log in, tap the Wallet icon and then go to Withdraw Funds. The financial department of Libertex strives to handle withdrawal requests within a single working day.
Nonetheless, delays can occur at times, particularly when additional verifications are necessary for safety and regulatory reasons. This might extend the withdrawal timeframes in some instances.
As for the supported ways to withdraw from your Libertex account, you can cash out from your trading balance via standard bank transfers, the virtual wallets Skrill and Neteller, and your Visa bank cards.
There are no minimum or maximum limits for bank transfers. Skrill and Neteller allow withdrawals of $10-$2,500, while Visa supports cash-outs of $10-$10,000 that require 3-5 business days.
Withdrawals carried out with the e-wallets are instant once they receive the approval of the Libertex financial department. Bank transfers within Europe are quicker, taking between 1 and 2 business days. International transfers are less time-efficient and might require between 2 and 5 business days.
There are no commissions for withdrawal requests with Skrill, but the other accepted methods will incur additional fees. Libertex charges a fixed fee of $1 for Visa withdrawals, 1% of the requested sum for Neteller withdrawals and $2-$10 if you cash out via bank transfer.
Libertex regulation
The Libertex Group fully complies with all legal requirements of the jurisdictions in which it operates. The mobile broker serves clients under the authorisation of a valid licence from Cyprus. Since the company hails from Limassol, Cyprus, it is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC).
Libertex offers its services to customers from more than 110 jurisdictions, including major European markets such as Austria, Spain, Portugal, Sweden, Hungary, France and Germany. In line with its licensing and regulatory requirements, the brokerage has posted a risk warning on its app to caution potential new traders that 83% of its retail customers lose their funds when using leverage.
The broker caters to its international customers by providing them with a support service in various languages, including Portuguese, English, Italian, German, Dutch, Spanish and French. The quality of the customer support service is outstanding. It is not surprising that Libertex has won more than thirty awards for excellence and innovation. The brokerage also offers negative balance protection as required by its regulator.
FAQ
1. What trading software does Libertex offer?
2. What is the maximum leverage I can use?
3. How can I validate my newly registered profile at Libertex?
4. What features does Libertex offer to improve my mobile trading experience?
5. Does the Libertex app offer educational materials and what are they?
Conclusion
The Libertex mobile apps for iOS and Android offer a plethora of benefits, starting with their intuitive interface. You will experience no problems when placing your orders, and there is an impressive variety of trading instruments to choose from. On the downside, there are additional charges on payments made with certain banking solutions, which is one area the broker could improve on.