Libertex Great Britain Review 2024 - TU expert opinion
Is the Forex market legit in Great Britain?
Forex trading is legal in the UK. Anybody can trade in the financial markets. The brokers are considered legal in the UK if they are officially registered and have the license for financial activity of the FCA, the local financial regulator. This regulatory body has the right to inspect brokers for compliance with the UK financial law.
Only brokers who meet a number of requirements can obtain the FCA financial license. The minimum equity for such brokers is GBP 125,000, and for full license – GBP 730,000. Also, all brokers who obtained the FCA license have a representative office in the UK. The FCA imposes no restrictions on the Forex pairs or other assets. Only CFD trading is not allowed.
How to Trade Forex in the UK
Forex trading in the UK does not require special licenses or permissions. You need to register and pass verification by providing a proof of identity and a proof of address. Next, you need to fund your account and you can start trading. Also, a broker can ask you to provide a document confirming your source of income.
Our Evaluation of Libertex
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Libertex is a reliable broker with the TU Overall Score of 7.54 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Libertex clients on our website, Traders Union expert Anton Kharitonov believes he can recommend this company as the majority of reviews showed that the broker’s clients are mostly satisfied with the company.
Libertex is a reputable broker. It would be worthwhile to look at the platform as a technical solution. It will appeal to those who can not imagine their life without gadgets and are eager to keep up with the time.
Detailed Review of Libertex in Great Britain
Libertex is a good choice for traders from Great Britain. The broker complies with all the requirements of the local regulator and offers attractive trading conditions for the clients.
Libertex is an online CFD and trading broker which is regulated and supervised by the Cyprus Securities and Exchange Commission (CySEC) with CIF Licence number 164/12. Libertex platform is available in web and mobile versions for devices operating on iOS and Android. Also, trading through MT4 and MT5 is available.
Advantages of Libertex for trading in Great Britain
Traders Union analysts conducted a detailed analysis of Libertex for traders from Great Britain. The experts outlined the key benefits of the company for the clients from this country. The advantages of the broker are as follows:
usability of the platform: there are versions for PC, mobile devices and a web option;
over 300+ trading underlying assets;
variable transaction fees.
Analysis of the Main Features of Libertex in Great Britain
Traders Union analysts analyzed the key features of Libertex for traders from Great Britain. TU uses its own evaluation method, assessing each block separately. Based on the results of the assessment, an overall score is given.
Trading conditions for Libertex traders from Great Britain
It is important to assess trading conditions before you decide to work with a specific company. Traders Union analysts have prepared a comparison of Libertex trading conditions for traders from Great Britain. The experts analyzed minimum deposit, trading platforms, leverage and other important information that could impact a trader's choice of a broker.
💻 Trading platform: |
Libertex, МТ4, МТ5
|
---|---|
📊 Accounts: |
Libertex (Demo, Real, Invest), МТ4 (Market, Market Pro), МТ5 (Market, Instant)
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💰 Account currency: |
EUR, GBP, PLN, CHF
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💵 Replenishment / Withdrawal: |
Bank cards electronic payment systems, Internet banking, bank transfers
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🚀 Minimum deposit: |
100 EUR
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⚖️ Leverage: |
Up to 1:30 for retail clients
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💼 PAMM-accounts: |
No
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📈️ Min Order: |
0,01 for MT platform, 20 eur for Libertex platform
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💱 Spread: |
From 0.1 p
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🔧 Instruments: |
300+ CFDs on stocks, indices, commodities, metals, cryptocurrencies, ETFs, and commodities
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💹 Margin Call / Stop Out: |
50/50
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🏛 Liquidity provider: |
MarketPlace
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📱 Mobile trading: |
Yes
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➕ Affiliate program: |
No
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📋 Orders execution: |
Market Execution, Instant Execution.
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⭐ Trading features: |
No
|
🎁 Contests and bonuses: |
No
|
Libertex Commissions and Fees
Traders Union analysts analyzed commissions and fees charged by Libertex for traders from Great Britain. Within the framework of the analysis, all types of trading and non-trading fees traders are charged with were evaluated.
TU experts have analyzed Libertex trading conditions. The broker's fee policy is flexible, that is spreads are charged on all account types, and fees in the form of percentage of the trade amount are charged on some account types.
Account type | Spread (minimum value) | Withdrawal commission |
Libertex Real | From 0.1% | Yes (PayPal or Skrill – No) |
МТ4, МТ5 Market | From 0.1% | Yes (PayPal or Skrill – No) |
МТ5 Instant | From 0.1% | Yes (PayPal or Skrill – No) |
A comparative analysis of the trade commissions in Libertex with similar indicators of competitors was performed. Based on the comparison, each broker by this criterion was assigned a level from low to high.
FAQs
Is Libertex legal in Great Britain?
Yes. Libertex operates legally in Great Britain. The broker holds the necessary licenses.
Can you learn trading with Libertex? Does the broker offer courses for traders from Great Britain?
Yes, Libertex offers good trading courses and a lot of educational information for clients from Great Britain.
Can Libertex be trusted? Has the broker been operating in Great Britain long?
Libertex has been operating in Great Britain quite long and has a good reputation. Therefore, traders can work with Libertex.
Is Libertex suitable for novice traders from Great Britain?
Yes. Libertex offers optimal trading conditions and good education for beginners from Great Britain.
How efficient is Libertex customer support in Great Britain?
Libertex offers a sufficient number of ways to contact customer support in Great Britain, and also provides support in the state language.
Has Libertex had any incidents involving theft of funds of clients from Great Britain?
No. Libertex provides reliable security of funds of clients from Great Britain.
Will I be able to file a lawsuit in Great Britain if Libertex violates my rights?
Yes. If Libertex violates your rights, you can file a complaint with the regulator of Great Britain, and then with a court.
Can Libertex clients from Great Britain use the broker’s mobile app?
Yes. The mobile app of Libertex is available for the clients from Great Britain.
Does Libertex provide Great Britain market analysis?
Analysis of Great Britain is featured in the information provided by Libertex.
How can I withdraw funds from my account at Libertex in Great Britain?
Libertex supports bank transfers and debit/credit cards of the banks operating in Great Britain.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.