Market Overview

The broker has a variety of major, minor and exotic currency pairs to trade. I think the forex traders amongst you will be more than satisfied by what is available. The company has been operating on the market for quite a long time and it has a good reputation among traders. I personally never had problems with FC and I hope I will never do. Plus the smooth withdrawal of money, traders will not be deceived. The news section is where traders can read up on the latest market developments.

libertex overview EU is a reputable broker that provides a wide range of sophisticated tools, affording traders and investors exposure to different markets. Libertex offers traders various deposit methods which can be used when funding accounts. Withdrawals usually must be returned by the same method used to deposit and to the same bank account. Most deposit methods are processed instantly except for bank transfers that can take several hours on occasion. Traders must ensure that they verify whether their financial institution charges its own fees.

Can I open a Libertex trading account in South Africa?

As for trading conditions, they are just at the average level compared to large brokers. Libertex’s blog contains a handful of educational articles that explain some basic trading concepts. However, this is nowhere near enough to serve as a solid basis for beginners wanting to understand the essence of trading. There are no educational videos and only 4 webinars, the last one dating from December 2020.

We have over 20 years of experience when it comes to trading online so we know what to look for. Some fees may be charged when using certain payment methods. Withdrawal requests are processed within the same day or next if outside working hours. The withdrawal time can vary depending on the payment provider and method. Bank transfers may take a few business days to clear whilst some methods can be instant.

• Libertex’s underlying conditions are also suitable for the implementation of sophisticated trading strategies.
• In as much as the company sympathizes with anyone who has lost money in this way, Libertex cannot accept any responsibility for a fraudulent solicitation of payment in its name.
• We conducted our test on the 11th of July via the live chat option, available at the bottom-right corner of the main page.
• This combination of diversity and usability can be used by traders to conduct probing technical analyses.
• Withdrawal requests are processed within the same day or next if outside working hours.

The spread on gold, which is one of the most https://forexhero.info/ trading instruments in general, is also quite low. The spread on crude oil is not so, but this can be explained by heightened volatility due to geopolitical tensions at the time of our measurements. Compensation schemes are put in place to protect traders against the credit risk faced by the broker. In the unlikely event that the company becomes insolvent, a trader would be compensated.

Libertex Withdrawal Options

Indication Investments Ltd is licenced by the Cyprus Securities and Exchange Commission , guaranteeing a very high level of protection. The broker’s website is also quite transparent, with relevant information pertaining to Libertex’s fees and regulations being readily available. When choosing a broker, trustworthiness is one of the most important things to keep in mind.

Both the deposit and the withdrawal methods are very easy and user friendly. The withdrawal can be made both via the web platform and also via the mobile application. In case if the traders are using the web trading system, they need to click on the “withdraw” tab to initiate the withdrawal request. On the other hand, if they are using the mobile app, they need to first select “Wallet” and then click on the “Withdraw Funds” tab to initiate the withdrawal processing request.

Some payment systems may have transaction limits, restrictions, and requirements which are indicated on their respective websites. You may need to verify your account to remove limits on particular methods in some countries. All funds deposited into your trading account must be under the same name as your Libertex trading account. I think they could help clients avoid currency conversion fees by adding support for some more currencies. The videos are annotated and easy to digest, suitable for all levels of traders.

This chart describes all the categories we evaluated and rated. Finance writer, analyst, and author of a book for beginner traders “Bulls, Bears and Sharks” with an experience of over 8 years in retail trading and more than 3 years in the finance area. The platform has no advanced technical indicators or the ability to open multiple charts and instrument windows. Libertex has decided not to charge spreads, but to only charge commissions on trades.

You can trade on all of your devices via user-friendly platforms with excellent trading conditions and no commission fees. Firstly, potential clients of a broker can use them to test out its service without any risk to their funds before deciding whether to register a real account. Secondly, demo accounts are essential supporting tools for novice and experienced traders alike. They are used to monitor, test, and improve one’s strategies in a safe environment. Libertex’s services are suitable for beginners and advanced traders as they can benefit from the sophisticated platforms, great customer support, and varied trading instruments. However, newbies may not find the necessary support from Libertex’s limited educational content.

Fees

And everything is very transparent, I can know exactly commissions in real time. Educating yourself on how to trade the financial markets can make the difference between success and failure. We check the educational content provided by the broker, its quality and suitability for beginners and advanced traders. Experienced traders who appreciate fundamental analysis can certainly draw the maximum out of Libertex’s research content.

This information will allow you to know if a broker can provide full support when you need it. Libertex offers over 200 OTC derivatives that can be traded as CFDs, including options. Investors can also purchase stocks from the platform and build a portfolio. In this section, we check the broker’s market offering and how varied the instruments and asset classes are. It will allow you to check if they offer what you’re looking for and what you can trade.

Reviews4.2

Retail traders with Libertex are protected under the Investor Compensation Scheme . In the case of Indication Investments Ltd, the company operates a single entity, so traders need not be concerned with such discrepancies in legislation. When trading forex and CFDs, it is crucial to know a broker’s strengths and weaknesses. That is why FX Empire developed its proprietary rating system. We put the knowledge and expertise of our reviewers to work to bring you the most suitable brokers. A total of 200 variables have been analyzed to help you choose your broker wisely.

The company has offices located in Cyprus, Russia, and Belarus, and is regulated by the Financial Sector Conduct . 40 cryptocurrencies pairs including Bitcoin, Bitcoin Cash, Litecoin, Ethereum, and Ripple. You can choose from a variety of top performing stock indices in the American, European, and Asian economies. Stock indices include the Dow Jones, NASDAQ100, DAX, FTSE 100, S&P 500, China A50, Israeli 35 and more. There is a selection of popular Cryptos including Bitcoin and Ethereum. If you are looking to trade cryptos, XTB are another option to consider.

• It is well known for its user-friendly interface and built in trading tools.
• Libertex also offers the ever-popular MetaTrader5, one of the most used trading platforms amongst CFD traders.
• The live chat feature is the easiest way to contact the customer support team.

Client funds are held in segregated accounts with other financial institutions. This is so the client funds remain separated from the company funds and thus cannot be used for any other purposes such as business running costs. There is negative balance protection in place which means that your account should not fall below the initial amount that you invested. FAQ Get answers to popular questions about the platform and trading conditions.

Libertex Portfolio

The competitiveness of the broker’s trading fees varies significantly from asset class to asset class. Spreads on FX pairs and some commodities are very low, and cryptocurrency trading is commission-free and swap-free. There is also a commission payable per traded volume, which is below the industry average.

I have had an account with them for a few years now and always received a top-notch service. You can open an account using the online application form that takes just a few minutes to complete and begin trading with a deposit of just $100. If you are a beginner, there is even the option of a risk-free demo account to get a feel of what they can offer you. The reputable broker also offers excellent customer support and adequate research materials that give traders a fair representation of the broad market sentiment.

Withdrawals and account replenishment are done in the blink of an eye. I am not mistaken when I say that it is the best in the world. Libertex tries its best to actively identify all clone firms but must advise that some do go unidentified by the company for some time.

They have more than 700 employees working for the group of companies, serving over 2,200,000 clients from Americas, Asia and Europe. This regulation helps to give me the peace of mind that I am using a reputable and trustworthy broker who must comply with strict rules and regulations to protect investors. Libertex is a brand with more than 25 years in the financial markets.

The broker also offers investment solutions to clients who want to build portfolios. And even though there are no Islamic accounts, swap-free trading is available on cryptocurrencies. Libertex also offers commission-free investments in real stocks . I found that the majority of trading tools are already built into the Libertex trading platforms. You get access to an extensive selection of tools which include a real time news feed, Trading Central, market sentiment indicator and market participant sentiment index.

The broker allows traders with different levels of risk-aversion the freedom to diversify their portfolios by opening positions with varying degrees of complexity and risk. And traders can have that extra peace of mind when working with Indication Investments Ltd because it is licenced by a top-tier regulator . Additionally, the broker’s trading fees can be quite competitive on instruments from specific asset classes. Libertex as a whole is a very well-balanced broker that certainly has a lot to offer to all kinds of traders. This minimum deposit amount was equivalent to ZAR 160 at an average current exchange rate between the US Dollar and the South African Rand at the time of writing.

They offer good execution speeds, low spreads from zero pips and competitive commissions. Whatever your trading style, they can facilitate your needs with minimal fuss. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. 87.8% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

We test the broker’s platforms and examine commissions, spreads, and overnight fees to ensure that you can determine if trading with this broker is worth your time and money. Libertex was awarded high marks in the Trust, Account Types, Tradable Instruments, and Platform categories. Libertex is a renowned and well-regulated broker that offers different kinds of traders the opportunity to trade with assets from different classes on one of several highly practical platforms. Indication Investments Ltd. is part of the Libertex Group and has operated as an OTC derivatives broker for a decade. It offers CFDs and CFD options trading to retail and professional traders, and investment solutions to clients who want to build a portfolio.

Free practice demo accounts are available to trial the platform. The platform is available from any device including desktop and mobile (Android/iOS). The mobile app is useful for those who wish to trade whilst on the go from anywhere in the world where there is an internet connection.

Please note that some methods may only be available to specific countries and not all are available for both deposit and withdrawal. The platform comes with the most popular technical indicators that are categorised by Volatility, Trend and Oscillator types. There is a handy embedded real time news and market forecast feed displayed within the platform. This means you can follow the news directly from the platform without needing to switch between windows. There is also a section dedicated to fundamental analysis which I found excellent to help inspire trade ideas and keep informed about what is going on around the markets.