|Min. Deposit10$||Demo AccountYes, Free|
- Wide selection of assets to choose from.
- Free demo account with $5,000.
- Good education section and the blog.
- High-speed, reliable, cutting edge technology platforms.
Financial technology has made it more possible now than ever to access the markets. Libertex is a company that has been around for quite some time and provides traders with a platform to access various markets. Operating since 1997 and with over 20 years of financial experience, they offer clients, “…high-speed, reliable, cutting edge technology platforms…”, which can help give you the most efficient trading experience.
Also, Libertex states they have clients in over 110 countries and have been awarded over 30 prestigious awards. This article will be an overview of the Libertex platform and the services they provide their clients.
Is Libertex Reliable?
Reliability is critical when finding the right platform to work with. Short of opening an account, you can research various details about the organization to gain a better understanding of their offerings and if they are providing the best value to their clients.
First off, it appears to be difficult to find their regulations and certifications. However, you can find what is needed to verify your account via the support page. From there, you can see on the homepage they won an award relating to cryptocurrencies and the mobile platform. There are also a list of testimonials that can potentially bring a sense of ease when selecting the proper platform.
Beyond that, there isn’t much else that sets them apart, but as the old phrase goes, never judge a book by its cover.
How to Open a Free Demo Account
Opening a demo account is important for two reasons. First, it allows you to get a feel for the platform without risking your hard earned capital. Understanding how the platform works is important because this is when you’ll begin finding out if it fits your needs.
Secondly, opening a demo account allows you to test new strategies without risking your capital. It’s important to have a place where you can test new strategies because the market is always evolving and you may need to adjust what you currently use. With the demo account, you will have access to $5,000 virtual dollars you can test run anything you need. Ensure you open this before opening a live account and depositing funds.
Libertex offers a variety of assets and we’ll cover each of them in this section.
There are several stocks you can trade, which benefits you the trader. The website has the equities listed in different categories from consumer goods, healthcare and energy, all the way to telecoms, technologies and luxury. Each category will trade different in different market conditions and having access to the various markets will allow you the potential to profit across different market conditions.
As cryptocurrencies continue to grow in popularity, having the ability to trade them is another potential revenue generator. On Libertex, you have the ability to trade Bitcoin, Litecoin, Ethereum, Dash, and other popular names in the space.
Cryptos trade 24/7 and this gives you the chance to trade any time you see fit. Utilize the demo account to see if the platform will give you the best feel for trading this particular market.
The worlds largest and most liquid market, the Forex market, is traded 24 hours a day, 5 days a week. Libertex has many of the popular pairs such as USD/JPY and EUR/USD, as well as several of the more exotic pairs. Having access to many of the different pairs not only gives you more options, but doesn’t limit your trading. Some pairs tend to trade more during certain times and by having an increased selection you can trade any time you want.
Metals are used in many different instances, such as gold when the markets begin retracting. Gold is known as a safe haven asset and having access to this will give you alternatives in a volatile market. The different metals you have access to include silver, palladium, platinum and copper, in addition to gold. You can start trading with as little as $10.
Index trading is popular because it allows you to track the overall market instead of company or sector specific information. Libertex allows you the ability to trade the following countries indices; Asia, Europe, North America, South America and the Middle East. The wide range of indices gives you the ability to trade the different market conditions.
While agriculture isn’t as popular as other assets and markets, with Libertex you have access to corn, wheat, soybean, coffee, sugar and cocoa. These react not only to market conditions, but supply and demand as well as crop haul for the given season. This is a unique way to add spice to your portfolio and potentially generate a new stream of revenue.
Oil and Gas
Right now, oil has been volatile and continues to be a volatile commodity due to several factors. Production is certainly one of them but also is a dependence on the weather and advancements in technology. With Libertex, you can trade Brent Crude, Light Sweet Crude, Henry Hub Natural Gas, WTI Crude, and Heating oil.
With Libertex, you can begin trading these with as little as $5.
Lastly, Libertex gives you the ability to trade various ETF products. ETF’s give you the ability to gain exposure to markets that others might be unattainable. These are great if there’s an index that you want to trade by may not have direct access. With 10 different ETF products, odds are you can find one to fit your needs.
Libertex Trading Platform
It’s important to understand what you have access to in regards to the trading platform. With Libertex, you have the option of trading between their own platform, MetaTrader 4 and MetaTrader 5.
With Libertex, you can access all investments in one application such as shares, indices, metals, currencies, as well as oil and gas. Their platform is for the simple trader that wants access to their account. There are also mobile apps for both Apple and Android users. Minimum trading is $10 and you can leverage up to 200 to 1.
If Libertex’s platform doesn’t fit your needs, then you can utilize the popular MetaTrader 4 platform, which is widely used in the Forex market. Some of the benefits to using MetaTrader 4 include over 43 currency pairs, compatible trading Roberts, and trailing stops.
Should you want something different, then you can utilize MetaTrader 5. With similar features to those in MetaTrader 4, this is a more up to date version of the platform and can be used in a few different capacities. The fact that Libertex works with a few different software’s is important because this will attract many different traders.
How to Make a Deposit/Withdraw
Knowing how to make a deposit and withdraw is important because if you are using this platform as your main source of income you’ll need to incorporate the appropriate timeline between withdraws and deposits.
In order to make the process of withdrawing your funds and depositing your funds smooth, you will need to send information to verify your account. Items that may be needed include ID or passport, bank card, and anything else with identifying information. You can find a complete list of the information on their support page.
To fund your account, Libertex takes bank transfers, bank card, Neteller and Skrill. All of these methods are instant deposits with the exception of a bank transfer, which can take 2 to 5 business days to process. The funding of your account takes place once you’ve logged in.
To withdraw your funds, you can utilize bank transfer or Skrill. As with depositing, Skrill will benefit from instant withdraws while a bank transfer will take 2 to 5 business days.
Overall Rating of Libertex
Overall, the platform is decent and has wide selection of assets to choose from. That being said, there isn’t anything that is over the top and separates Libertex from the crowd. The platform overall seems it will get the job done and provide you with an enjoyable experience. However, it is up to you to open a demo account test run the platform. Other items to consider are the education section and the blog. Ensure those benefit you and are worth your investment. Libertex is a great place to get started, but as you know more and expand your knowledge you may find others out there offer more value.