Libertex Review 2021
Libertex Latest Comments for 2021
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I’ve got tipped off about the broker and the Libertex platform on one of the traders' forums. Moreover, these were mostly positive reviews, so I also decided to test the company's service. Conveniently, there is a demo account because I consider it a rash step to risk my own money right away. Like most brokers, demo trading was not only quick but also profitable.
The problems started when I opened a real account. The terminal constantly crashed, charts were not displayed, and quotes sometimes simply did not correspond to reality. Support assured that the technical problems were not their fault. They asked to overload the platform and constantly check for an Internet connection. Perhaps this is how novice traders should be treated. But I have been trading Forex for over 5 years, so I know how to use the terminal functionality as efficiently as possible. In general, I did not have mutually beneficial cooperation with Libertex.
I have been trading Forex for only a month and Libertex became my first broker. Before choosing a company, I read hundreds of reviews from existing traders. I found that traders complained about ever-widening spreads.
And for this reason, I decided to find a broker that allows you to trade without spreads at all. I have never dealt with MetaTrader, so the Libertex platform seems to be quite convenient. You can change the chart’s scale and the type of price indicators display. There is an option to select timeframes, indicators, graphic elements.
I especially like that it is possible to compare different types of assets. This function helps to quickly choose the instrument with the most profitable investments at the moment. The trading conditions of Libertex themselves were also quite good for me, so for the time being I feel comfortable with this broker.
The Libertex trading platform itself is quite convenient. The quotes flowchart is informative, so working with it is comfortable and easy. There is a mobile application that allows you to set stop losses and take-profits to fix your profit. Registration of an account takes less than 5 minutes; there are no hidden fees. But still, I felt a lack of assets variety to trade. Moreover, the Libertex terminal does not allow algorithmic trading, as well as investing in PAMM and MAM accounts.
The broker offers a plethora of avenues to deposit and withdraw funds and this is a definite advantage. But at the same time, payment systems deduct a commission from the trader for each monetary transaction, and the company does not compensate for it. At the moment, I only use Libertex just to get affiliate rewards for attracting new clients, and I have chosen a different broker for trading.
I have been working with a Libertex broker for several months and so far, it is going well. It is possible to select Spanish in platform settings. This is a huge advantage for me because I do not speak English well. The Spanish version of the site helped me to quickly and easily get through the Forex trading training. The broker offers a welcome bonus of 100% of the deposit to all new clients so I made a $100 deposit and won the same amount. Now I actively use this bonus in currency trading.
In the future, I plan to invest in stocks and commodities to maximize my financial capabilities. The main advantage of Libertex is the absence of a spread. Instead, a commission is charged with a fixed amount, and it does not expand when increased volatility of instruments and important news releases.
I’ve been trading with Libertex for just a month. I have experience in professional trading for 5 years, so I have developed my criteria for evaluating a broker's service. First of all, I pay attention to the company's website. As for Libertex, the functionality of the site is convenient, information is available, there is a training section. Having a demo account is also a great advantage. If you can test the trading conditions of a broker without financial risks, why not?
The convenience and stability of the presented trading terminal are also very important for me. But Libertex has a problem with this: the author's platform often freezes and does not display quotes in real-time. It was the technical component that caused my refusal from broker services. Poor operation of the terminal always negatively affects the overall profitability of the trade.