Libertex Review Scam Trading Platform or Legit Broker That Actually Allows Withdrawals?
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The deposits and withdrawal processes are hassle-free, What more can the online traders ask for in an online broker. But the commission charges sometimes pose threats to the emerging popularity of the platform, which it will soon take care of in the coming future. Traders can place trades immediately when the web browser is used, but if the traders prefer to use the mobile application mode, they need to first download and install the platform before placing a trade on it. But it is very easy to switch modes from a real account to a demo account and vice versa. On the day of online trading, Libertex offers a total of over 250 underlying assets for trading.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 87.8% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. 81% of retail investor accounts lose money when trading CFDs with this provider. Since the very inception of online trading, scammers have been creating difficulties for traders. Like other trading markets, the Forex market also suffers through the hands of these scammers.
It has since gained millions of users, mostly traders and aspiring traders. Libertex has a lot to offer compared to other brokers, including a good selection of markets, a clean and easy-to-use platform, accepts various payment methods, availability in many countries, and many more. It is overall a great broker for traders who seek a reputable platform and a good choice for those who wish to trade CFDs across different industries. Libertex claims to offer two types of trading accounts, namely Portfolio and CFD accounts.
Is Libertex a Scam?
It is regulated by CySEC and is a football teams sponsor. Libertex has over 250 underlying assets to choose from. Since its operations years ago, it has received more than 40 international awards.
- For a smaller or starting website a low ranking can be considered normal.
- You can see which websites we found under the „Server” tab on this page.
- This platform enables traders to trade directly from a browser and doesnt require downloading any software.
- Opening a Libertex Real account is a very straightforward process.
This is a strong indicator that the website may be a scam. Libertex is a widely known regulated Stocks and CFD broker. To know the commission and roll over fee of a specific pair, check their website. In the end, you can trade CFDs on cryptocurrency such as Litecoin, Bitcoin Cash, Ethereum, XRP, IOTA, NEO, OmiseGo, QTUM, Monero, Zcash, Stellar, Nem, Cardano, EOS, Tezos, Chainlink, Cosmos, Maker and Ontology. On the other hand, their iOS app has a user rating of 4.6 out of 6 on iTune Store. The anti-fraud team of Libertex always monitors all accounts activities for theft or fraudulent transactions.
You can also set take profit or stop loss orders here with a click. When you click on the trading education page you can learn the basics of online investing with a 3-hour trading course created by the award-winning LimeFx academy at Libertex. In this section we would like to share with you our Libertex experience in terms of fees and costs. We would like to tell you in advance that our Libertex experiences have been positive in this regard.
We try our best to actively identify all clone firms but must advise that some do go unidentified by us for some time. Clients should always confirm that companies they interact with online are legitimate before sharing personal information or conducting business. A good platform, especially cryptocurrency transactions are profitable. The only connection with the manager is not very good.
Libertex Review
The companies main office is at 116 Gladstonos Street, Michael Kyprianou building, 1st Floor, Limassol 3032, Cyprus. On the negative side, education is insufficient hence may be suitable for professional traders only, the market https://limefx.club/ range is limited to CFDs and FX, and support is not available on weekends. On top of that, the broker doesn’t provide Islamic accounts hence the broker is not suitable for those who want to trade in accordance with Sharia Laws.
This is a Stocks and CFD broker that was founded in 2012 and therefore has an experience that can look back onyears of work. The CFD trading services offered by Libertex have been well-received by many traders for the past years as this trading option brings numerous benefits together with high risk for sure. Due to this enormous experience in the financial market and now millions of active customers, Libertex has one of the best in-house online trading platforms in the world. The customer base is not only made up forexperienced investors and traders, but also for beginners. Libertex is an online trading platform used by Indication LimeFxs Ltd. Libertex also offers commission-free LimeFxs in real stocks .
Review of trading conditions for traders – Trading CFDs with tight spread
For wire transfer, the fee is 0.5% of the withdrawal amount (max. 10 Currency Units). The features of this platform are pretty much similar to the conventional CFD and FX trading websites. The education section is not up to the mark but this drawback is compensated by the provision of live news updates. The platform also features Trading Central that brings to you the trading advice. We don’t really like the platforms offering too many pieces of advice but this is how most of them actually work.
The platform offers flexible methods to pay through wire transfer, VISA credit cards, and electronic payment gateways such as iDeal, Giropay, Rapid Transfer, Neteller, Sofort, Skrill, and Trustly. As a beginner, one may find this brokerage firm more accessible and feature-rich than other platforms. Many reviews have positive views of the features of the Libertex platform. Libertex broker features are distributed across various segments. Please be noted that all information provided by ThatSucks.com are based on our experience and do not mean to offend or accuse any broker with illegal matters.
These are the main advantages and disadvantages of the online trading platform Libertex. Traders who choose Libertex as their broker have definitely a lot of choices. We think that this broker has a really good policy on charging fees. It is an advantage that this broker doesn’t charge any fee for deposits and has minor charges for withdrawals that are very manageable.
Commission & Spreads – Fees
MetaTrader 4 is a pioneering platform in the trading community. With MT4, Libertex clients get access to the world’s most popular trading tools. As an experienced trader, the tools provided on MT4 can expand trading expertise. Libertex runs an online verification of user identity. Libertex broker make sure that all users are authentic by complying with the international anti-money laundering rules. Here, a copy of your passport or ID as well as proof of residence address are uploaded.
The company’s online operations, products, and services are quite impressive. Basically, this company is legitimately operating with the majority of customers within the EEA area. The CFD broker Libertex claims to be one of the most popularbrokersin the trading industry. Should we risk and trust this broker for our LimeFxs?
Let’s find out together in this detailed review based on our experience with this broker. The account is named Libertex, which gives you the opportunity to choose a platform either a proprietary one or mainstay at popular MT4. The biggest advantage is that the broker doesn’t have spreads and has few commissions on trades. The Libertex platform runs 24/7 customer service 365 days a year. Hence, one can trade at any time and resolve all the issues instantly on Libertex.
Yes, Libertex is regulated and completely authorized by the Cyprus Securities & Exchange Commission. Under the CySEC regulations, trading CFDs with Libertex is legal within the EEA area and Switzerland. The corporate entity is registered at 10 Agiou Athanasiou, Ksenos building, Floors 6 and 7, 4105, Limassol, Cyprus. Our name and identity has been used fraudulently in certain instances which we are aware of and have no control over. In as much as we sympathise with anyone who has lost money in this way, Libertex cannot accept any responsibility for a fraudulent solicitation of payment in our name. Users caught spamming or abusing will be deleted from the site and prohibited from future registration at thatsucks.com and affiliates.
The Libertex trading platform works with clients from the EEA Area and Switzerland and offers access to more than 250 underlying assets. Compared to its competition, Libertex platform is very clear and user-friendly so that the customer does not have to search for a long time, but all the information is displayed quickly and clearly on the website. Libertex offers as well one of the most popular professional trading platforms.This platform is MetaTrader 4 .
Is Libertex available in USA?
A request to settle a debt, taxes or other amount owing and to send money via courier, prepaid bank card or gift card. We had not found links to social networks on the page Libertex.org. Social networks are an excellent way to connect with your customers, which is scammed by limefx why all big web stores have links to their social profiles. That is why web stores without social profiles are suspicious. Scammers are always finding new ways to steal your money using cryptocurrency. Here are some things to know to steer clear of a crypto con.
You can trade CFD derivatives via the Libertex web and mobile trading platforms, or you can use the MetaTrader 4 and MetaTrader 5 platforms. In addition, Libertex charges a so-called inactivity fee. (Applies to clients with a total account balance less than 5000 euros .
Trading Futures and Options on Futures involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. Opinions, market data, and recommendations are subject to change at any time. Past performance is not indicative of future results. Also, there are live webinars that customers can benefit from. We think Libertex as a broker is a reliable and good support to any trader.
Two months ago on Oct 17, I placed a withdrawal request which was rejected one, two, a number of times. Each time they requested a different document, supposedly for AML verification. I am a particular trader and I have a very big problem with the general issue of fund protection and the incentive for big volume trading at Lirbertex. These can easily be added to your own portfolio and traded.