You’ll find that crypto trading is made easy at Libertex. This is because our Libertex review 2020 discovered that this brand gives you a simple way to trade on the value of a massive number of cryptocurrencies. Our Libertex review will show you how the brand features a user-friendly contract for difference (CFD) approach to investing in cryptos like Bitcoin, Litecoin, Ethereum and much more.
The Libertex crypto service is just one aspect of this popular online broker. It was launched as the trading platform of the Forex Club in 2015, and has since become a valuable resource for trading on anything from forex to shares. So keep reading our Libertex review 2020 to find out more about this trailblazing brand.
Pros & Cons of Libertex
- Massive range of cryptocurrency CFDs
- Fully authorised and regulated online broker
- User-friendly Libertex and MetaTrader 4 platforms
- Responsive and efficient customer support on live chat
- Doesn’t accept traders from the EU or USA
We found that Libertex has managed to put together a very user-friendly and stylish trading site. While some brokers like to hide behind lots of complicated jargon, our Libertex review found that this site is great for newcomers to trading. This is because the brand makes it very easy to see all of the relevant values for forex, shares and crypto trades.
All that you need to do to trade is to simply click on the bold Buy or Sell buttons and you’ll be taken through to another screen that allows you to set your trade amount and multiplier. You’ll also get to see handy graphs and statistics that keep you informed about the recent value of each asset.
It has to be said that the orange, black and white colour scheme of the Libertex site doesn’t really set it apart from its competitors. But what it lacks in originality, the Libertex website more than makes up for in terms of speedy page loading times and ease of navigation.
Our Libertex review 2020 also enjoyed the fact that you can even practice your trading on the demo account with 50,000 euros. Don’t forget that Libertex has also created some of the most user-friendly trading apps that are available for all modern iOS and Android smartphones and tablets.
How To Trade
Libertex has won acclaim thanks to the ease and speed with which you can start trading. You’ll find that you can sign up to the brand’s services in just a few minutes. Once you’ve submitted your email, created a password and set your preferred currency, you should find that Libertex will quickly process and verify your account request.
From here you can simply deposit your funds with one of the many payment methods. Most deposits will show up in your account in just a matter of minutes. Next, it’s just a case of browsing all of the brand’s assets that you wish to buy or sell.
Clicking on a cryptocurrency will reveal a graph showing its rising and falling value over a specific time period, and you’ll be presented with a variety of other statistics to help you make an informed trading decision. Then it’s just a case of clicking on one of the tabs that allows you to trade in the crypto CFD. All of which makes for a very straightforward and efficient way to enjoy crypto trading.
Our Libertex review 2020 has already highlighted the fact that this broker has relatively low fees, and what’s best is that there are no charges for making either deposits or withdrawals on this trading platform.
You’ll get to enjoy a broad selection of safe payment methods for making deposits. These include credit and debit card brands such as Visa and MasterCard, ewallets like Skrill and Neteller, vouchers such as Neosurf, or you could make a standard bank wire transfer. Most payment methods allow you to make instant deposits with the exception of bank wire transfers which may take up to five banking days.
When it comes to making withdrawals, our Libertex review discovered that there were slightly fewer options. This means that you have the choice of either withdrawing via card, Skrill, Neteller or bank transfer.
Skrill withdrawals are free, but there’s a 1% fee for Neteller withdrawals. Card withdrawals will be charged €1, and bank transfer withdrawals have a 0.5% fee. Ewallet withdrawals should be processed within 24 hours, while card and bank transfer withdrawals may take up to five banking days.
Our Libertex review 2020 discovered that the broker operates a fairly cost-effective service. However, there will be some fees and charges that you will need to be aware of. These include a transaction fee which will be taken from your account after the trade has opened. Plus there may also be a rollover fee at the end of a trading day.
The commission fees for cryptocurrency trading tends to hover between 0.1% and 1%. Forex trading will commonly see a commission fee that varies between 0.01% and 0.4%. These floating fees will charge according to the market spread.
Such fees are relatively low, although you may find some online brokers who will include their commission within the spread. You should also know that we found no fees for signing up found in our Libertex review. There are also no monthly fees for being with Libertex.
Customer service is an incredibly important part of any online broker’s services. So we had to spend some time looking at how you’d get your queries answered in our Libertex review 2020.
You’ll see the customer support icon in the bottom-right of the Libertex site. This allows you to get in touch with the brand either via live chat, Messenger or telephone. Bear in mind that the telephone number looks like it is based in the UK. We were impressed to find that the live chat services featured multiple languages that included English, Italian, German, Dutch, Spanish, French and Portuguese.
On top of this, our Libertex review found that the brand had put together a brief but helpful FAQ service. Plus the brand is active on its Facebook and Twitter social media channels. There is also a range of blog articles and educational tools to help you get more out of your online trading at Libertex.
Any decent Libertex review will always pay close attention to the licensing the online broker has. This is because a brokers’ licensing tells you a lot about the standards that it will have to live up to when it allows customers to use its trading platform.
So we were pleased to see that the Libertex trading platform is regulated and supervised by the Cyprus Securities and Exchange Commission. This should give you a fair amount of customer protection, although it’s important to note that this licensing won’t allow you to use this service from either the UK or the USA.
Thankfully our Libertex review 2020 found that the brand features a fully encrypted site that includes the latest SSL technologies. All of which should mean that your sensitive personal data and deposits will stay safe at this online brokerage.
Reputation and Customer Feedback
Libertex has enjoyed many positive reviews from many of the 2.2 million customers who use the service worldwide. The brand has also picked up over 30 different awards for its financial trading services over the years.
These include accolades like Best Trading Platform and Best FX Broker in Europe. Plus with high profile sponsorship deals such as being the Official Trading Partner of top European football clubs like Tottenham Hotspur and Valencia CF, it’s clear that Libertex is a reputable online broker.
Our Libertex review 2020 discovered that this brand has put on a top-quality crypto trading service. This covers a commendable amount of cryptos, and its CFD trading platform means that you don’t even have to have a crypto wallet to get involved. Plus it has to be said that the broker makes it easy to enjoy trades on shares, forex, indices and much more.
The big downside to Libertex is the fact that it is not available for many countries including the USA and UK. Hopefully, Libertex will work on improving the number of jurisdictions that it covers in the future.
After all, the brand has everything else set up perfectly. From its trading platform to helpful customer support and user-friendly payment methods, we enjoyed what we found at this site. So if you reside in one of the eligible countries, then be sure to sign up to Libertex.