Libertex Review 2021

8.3

/10

Libertex Review 2021
Davis J.
Robertson A.
March 2021
Analysis of the Main Features of the Forex Broker

8.3

Overall rating

8

/10

Execution of orders

8.6

/10

Investment instruments

8.4

/10

Withdrawal speed

8.2

/10

Customer Support work

7.9

/10

Variety of instruments

8.7

/10

Trading platform

14

Position
in rating

Trading terminals:

Libertex
14

Position in rating

8.3/10
Overall rating

Trading terminals:

Libertex

Libertex Latest Comments for 2021

4
5
10

Positive reviews increase standing and, of course, any negative reviews decrease its position in the ratings.

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I decided to work with the Libertex broker because I found a lot of positive reviews about its platform and favorable terms online. I opened an account in a couple of minutes, replenished the deposit for only $10, and began to master the terminal. Its functionality is significantly different from MT4, but anyway you can get used to it. As far as I’m concerned, the main disadvantage of Libertex is the injunction on the use of advisors. Also, the broker does not have leverage and an unusual multiplier is provided instead of it.

I work with Libertex and with several other brokers at the same time. I used to trade with Libertex, but then I decided to test their auctorial platform. Certainly, primarily its menu and settings were a little incomprehensible to me, but after a week of trading, I finally got used to it. I trade only currency pairs with Libertex in order not to pay the spread. Sure, the broker still charges a commission, but its size is still less than that of other brokers.

I have been working with Libertex for three months and everything is going well so far. The platform has several differences from MT4, and it takes some time to get used to it. For example, the sizes of stops and takes are set not in pips, but monetary units. At Libertex I like that news and analytics are updated in real-time, and the terminal works with minimal delays. The withdrawal sometimes takes up to three days and it is upsetting. In general, you can earn money here if you are serious about learning.

I’ve been working with the several brokers for about five years, and I have been using their Libertex platform for just over a month. For the time being, I feel comfortable with trading conditions and quick withdrawal of funds. Slippages and requotes do happen, but they are still quite rare. Specifically, I would like to focus on the quality training presented on the broker's website. Before, I have not found such capacious and informative reviews and articles written in plain language.

The variety of trading instruments is the only advantage of Libertex. Here you can trade not only currency pairs and cryptocurrencies but also CFDs on stocks, indices, and metals. In other respects, the broker's conditions are not very attractive for a professional trader. To attract more customers Libertex simply replaced the spreads with a flat commission of 0.03%. It is impossible to invest in PAMM, as trust management accounts are not provided on the platform.

The conditions of Libertex did not seem to me to be so favorable as to make the broker my principal intermediary in Forex. There is no spread on the account, but there is a commission. So, what are the savings for the trader then? When withdrawing to a card, you get money either within an hour, then after 3-4 days, and that is completely inconvenient. I like the work of technical support most of all. Operators are always in touch, they answer competently, while clearly explaining all the nuances.

I’ve traded with Libertex over the years, but then I found a broker with better terms. Libertex's proprietary platform seemed inconvenient to me. Perhaps I could not get used to its unique functionality. There are no hidden fees, that characterizes the broker as a serious company. But frequent freezes of the terminal, as well as recurring requotes made it impossible to trade with profit. After two months of working with Libertex, I decided to look for another company.

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