Our Libertex review for UAE trades and investors follows. It covers the important aspects of this online broker and compares them with other industry leaders. Our experts carefully assessed how the broker’s trading platform performs and what features it offers so that our users can make a well-informed decision on whether to trade with Libertex.
Page Summary
Libertex is one of the best forex and CFD brokers for ETF, crypto, and stock CFD trading. Founded in 1997, it has more than 3 million clients globally, allows its users to trade 53 forex pairs with up to 30:1 leverage, and allows the usage of auto trading software, such as Expert Advisors.
Micro-lot trading is available, but services and features like a free Forex VPS, ECN trading, and Islamic account are missing at Libertex.
The Libertex range of trading platforms includes its proprietary platform and both MetaTrader platforms (MT4 & MT5). All platforms are accessible on desktop PCs, laptops, and mobile devices. They support various trading techniques, including day trading, swing trading, automated trading, high-frequency trading, hedging, and scalping.
Our experts will start this Libertex review with a comprehensive list of its available financial instruments and asset classes.
Assets (Best CFDs And Forex Broker)
Libertex provides its users access to over 300 financial instruments, including:
- 116 CFDs on stocks
- 73 CFDs on crypto
- 53 CFDs on Forex
- 40 CFDs on indices
- 16 CFDs on commodities
- 20 CFDs on ETFs
- 3 CFDs on bonds
Even though Libertex has a broad range of CFDs available on different asset classes, it doesn’t offer real share trading or ETF investing. Because of this, the broker is more suited for day traders, high-frequency traders, and scalpers.
Use the table below to compare Libertex with our other top-rated brokers:
| Libertex | eToro | Interactive Brokers | |
| Stock CFDs | 116 | 2,000 | 8,500 |
| Forex | 53 | 52 | 100+ |
| Indices CFDs | 40 | 20 | 20 |
| ETF CFDs | 20 | 264 | 0 |
| Commodity CFDs | 16 | 32 | 0 |
| Crypto CFDs | 73 | 74 | 0 |
| Bond CFDs | 3 | 0 | 0 |
| FX Options | 4 | 0 | 0 |
| OPEN ACCOUNT | OPEN ACCOUNT | OPEN ACCOUNT |
Commission, Fees, and Spreads
Libertex offers its clients commission-free forex and CFD trading, with spreads starting as low as 0,2 pips (on EUR/USD). The broker’s non-trading fees include $10 inactivity fees monthly after 180 calendar days and a $10 maintenance fee if a user hasn’t withdrawn the remaining balance from their account within 2 months from the agreement’s termination date.
SEPA and international bank wires come with 0,5% transaction fees (up to a maximum of $10), and Neteller withdrawals are charged at 1%.
Please consult the table below for a complete overview of Libertex trading and non-trading fees compared to other top brokers.
Trading Fees
| Trading Fee | Libertex | eToro | Interactive Brokers |
| Stocks | $0,00 | $0,00 | $0,00 |
| Cryptocurrencies | Commission-free | 1% | 0,18% |
| Forex | 0,2 pips (EUR/USD) | 1,0 pip (EUR/USD) | 1,4 pips (EUR/USD) |
| CFDs | Commission-free | 0,5 – 1,0 pip/trade | 0,05% |
Libertex doesn’t offer Islamic accounts for traders who prefer to adhere to Sharia Law.
Non-trading fees
| Type of Fee | Libertex | eToro | Interactive Brokers |
| Inactivity Fees | $10 after 180 days of inactivity | $10/month after 12 months of inactivity | None |
| Conversion Fees | Up to 0,3% | 0,0050 pips | $50/conversion |
| Deposit Fee | None | None | None |
| Withdrawal Fee | 1% Neteller transactions, 0,5% wire transfers | $5 | None (only in USD) |
| Management/Administration Fees | None | None | None |
| Social Copy Trading Fees | None | None | N/A |
| Overnight Funding | From 3,33% | None | None |
With low inactivity fees after 6 months, no deposit, management, and social copy trading fees, minor withdrawal fees, conversion fees, and overnight funding fees, Libertex’s non-trading fees are below the industry average.
Deposits and Withdrawals
As a globally operating CFD and forex broker, Libertex accepts a wide variety of payment methods, including bank wire transfers (via Trustly), debit and credit cards, e-wallets such as PayPal, Neteller, and Skrill, and local payment options.
The minimum deposit requirement to open a live trading account at Libertex is $100 for UAE-based traders and investors. Libertex also has a free demo account that allows users to trade the markets and familiarize themselves with the platform with $50,000 in virtual funds.
All deposits are processed instantly, while withdrawals may take up to 5 business days, depending on the payment method chosen.
—-
Libertex deposit and withdrawal methods compared with other brokers:
| Broker | Libertex | eToro | AvaTrade |
| Bank Wire Transfer | ✓ | ✓ | ✓ |
| Credit/Debit Card | ✓ | ✓ | ✓ |
| E-wallets | ✓ | ✓ | ✓ |
| Crypto | N/A | ✓ | N/A |
| Account Minimum | $100 | $200 | $100 |
| Deposit Charges | None | None | None |
| Withdrawal Charges | None | $5 | None |
Account types
Libertex has 2 different live account types available, one for investing and one for trading:
- Libertex Portfolio – Allows users to invest over the long term in stocks and ETFs without leverage or paying commissions.
- Libertex CFD – Enables users to trade CFDs on forex pairs, commodities, cryptocurrencies, and other financial instruments with up to 30:1 leverage to profit from price fluctuations.
Opening an account at Libertex is an easy process that only requires users to verify their identity and address.
Trading Platforms & Tools (Best for ?)
After their due diligence, our experts have labeled Libertex as the best all-around trading and investment platform. Its range of trading platforms includes MetaTrader 4, MetaTrader 5, and its proprietary Libertex trading platform and app.
Users can trade directly from the charts, search dividend-paying stocks with the ‘’Dividends’’ section, and have access to an economic calendar, real-time global currency and stock market news, and the Daily Digest, which provides a quick snapshot of crucial stock market events for the current trading day.
Through MetaTrader 4 and 5, users can deploy Expert Advisors to automate their trades. Additionally, they have access to a wide range of analytical tools, including over 35 built-in technical indicators, can create unlimited charts, and use MQL5 to develop their advanced indicators, trading robots, utility applications, and more.
Libertex’s list of available platforms and third-party integrations includes:
- Libertex Trading Platform and App – Allows users to manage their trades and investments from a single platform or app, enabling them to trade CFDs and invest over the long term in ‘’real’’ stocks and ETFs.
- MetaTrader 4 – The world’s most popular trading platform that allows users to trade CFDs on stocks, indices, commodities, cryptocurrencies, ETFs, metals, and forex pairs using Expert Advisors and technical indicators.
- MetaTrader 5 Has the same functionalities as MetaTrader 4 but provides access to 12 new timeframes and 8 new indicators and allows users to create unlimited charts. Additionally, MT5 users can consult an economic calendar and news feed, providing valuable insight and an overview of events that can impact market prices.
The table below provides a detailed comparison between the features of Libertex and other competitor brokers.
| Feature / Broker | Multibank | eToro | AvaTrade |
| Desktop Platform | ✓ | ✓ | ✓ |
| Web Platform | ✓ | ✓ | ✓ |
| Mobile Platform | ✓ | ✓ | ✓ |
| Easy to Use | ✓ | ✓ | ✓ |
| Watchlist | ✓ | ✓ | ✓ |
| Market Depth/Level 2 | ✗ | ✗ | ✗ |
| Advanced Charting | ✓ | ✗ | ✓ |
| Trading Alerts | ✓ | ✓ | ✓ |
| Demo Account | ✓ | ✓ | ✓ |
| MT4/MT5 | ✓ | ✗ | ✓ |
| TradingView | ✗ | ✗ | ✗ |
| Other non-Proprietary | ✗ | ✗ | ✗ |
| Proprietary | ✓ | ✓ | ✓ |
| Social/Copy Trading | ✓ | ✓ | ✓ |
| Strategy Tester | ✓ | ✗ | ✓ |
| Scalping | ✓ | ✓ | ✓ |
All trading platforms available at Libertex allow users to place simple and complex order types, including market orders, limit orders, and conditional orders. Additionally, they provide users with technical analysis tools, built-in indicators, and a wide variety of chart timeframes.
Users can compile watch lists, familiarize themselves with the platform with a free demo account, and have access to an economic calendar, providing them with valuable information to base their trades on. For this reason, Libertex is well-suited for both beginner and experienced traders and investors.
Research and Education
Libertex provides users with an introductory trading course and a platform tutorial. Additionally, the broker offers helpful blog articles about risk management, technical analysis, and other important aspects of trading and investing.
Additionally, Libertex provides analytical research and premium market reviews for its live account holders, allowing them to set price alerts based on events on the available economic calendar.
Customer Service
The Libertex customer service is available 24/7 via live chat, e-mail, and phone in English and 7 other languages.
Regulation
Libertex is a licensed broker overseen by 2 Tier-1 financial regulators, the CySEC and German BaFin. Its licensing information is as follows:
- European Union – Libertex (Indication Investments Ltd) is authorized and regulated by the Cyprus Securities and Exchange Commission under license number 164/12.
- Germany – Libertex has a representative office in Germany, registered with BaFin under license number 10161686 with Bak No: 161686.
Security
Libertex offers its clients negative balance protection but isn’t part of any investor compensation scheme. In addition, users cannot enhance the security of their accounts further with a two-factor authentication.
The Libertex website is secured with SSL encryption technology, ensuring client data and orders are only sent through secure channels, keeping hackers and other cybercriminals at bay.
Libertex UAE Special Features
Libertex doesn’t charge any commissions on trades and offers negative balance protection. Additionally, the broker doesn’t use forced take profit or stop loss levels, and users can receive regular dividend payments straight into their accounts.
Additionally, beginner traders can familiarize themselves with the platform and finetune their trading strategies with the freely available demo account. Trading directly from the chart is available. Users can access real-time news, an economic calendar, and the daily digest, providing a quick snapshot of the most important market events.
Pros
- Competitive pricing without any hidden commissions
- Offers MetaTrader 4 and MetaTrader 5
- Access to 53 forex pairs and 300+ financial instruments across multiple asset classes
- Supports a broad range of banking options, including debit and credit cards, e-wallets, and local payment options
- Low spreads, starting at 0,2 pips on EUR/USD
- Has won over 40 industry awards
Cons
- Very small selection of tradable assets compared to other brokers
- Minimal educational material and research tools offered
- Doesn’t support social or copy-trading
- Only two account types are available
- No Islamic account support
Conclusion
Libertex is one of the world’s best forex and CFD brokers supporting long-term stock and ETF investing. The broker offers MetaTrader 4 and 5, allowing users to automate their trades with Expert Advisors (EAs).
About 300 financial instruments can be traded or invested in at Libertex with up to 30:1 leverage (500:1 for professional accounts). The broker has a low minimum deposit requirement of $100 for live accounts. Alternatively, users can finetune their trading strategies using the freely available demo account.
Missing features include Islamic accounts, Level 2 order book data, and social or copy trading. For this reason, our experts recommend Libertex to beginners, experienced traders, and investors looking to trade or invest in the financial markets themselves at their own pace.
Disclaimer