My opinion on Libertex
Libertex is an established broker, founded in 1997, serving over 2.9 million traders worldwide. Libertex receives a solid 3.9/5 rating in our analysis for Canadian users due to its competitive spreads (as low as 0.7 pips on major FX), low $10 minimum deposit, and a wide range of CFDs (on forex, stocks, indices, ETFs, commodities, and crypto). The broker's key strengths are its user-friendly web and mobile platforms, support for both MT4 and MT5, and commission-free trading on select assets—making it price-competitive against rivals like XTB and Qtrade, especially for those seeking leveraged trading and modern tools. Libertex is regulated by CySEC and complies with EU standards, but it’s important to note that it is not licensed by Canadian authorities (IIROC, CSA); thus, investor protection is more limited for Canadian residents. Libertex earns a strong profile on Trustpilot with a score of 4.0/5 from over 9,500 reviews, reflecting customer satisfaction with platform ease-of-use, withdrawals, and support. Overall, Libertex stands out for accessible account opening, diverse platforms, and integrated copy trading—though its asset variety and regulatory coverage are less comprehensive than some competitors. Based on my experience, Libertex is best suited for the following types of traders:
➡️ Beginner to intermediate traders who want a simple, easy-to-use platform with low entry costs, commission-free options, and access to popular CFDs (forex, crypto, stocks).
➡️ Cost-conscious traders seeking tight spreads, low deposit requirements, and access to MetaTrader platforms without hidden fees—ideal for building experience with limited capital.
➡️ Copy trading and mobile-first users looking for seamless app-based trading, fast execution, and integrated social/copy trading tools, without the need for complex multi-asset setups or local regulation.
- ✅Exceptionally low minimum deposit ($10 USD equivalent)
- ✅Wide range of CFD instruments: forex, stocks, ETFs, indices, commodities, cryptocurrencies
- ✅Commission-free trading available on selected assets
- ✅Competitive spreads (major FX as low as 0.7 pips)
- ✅Supports both MetaTrader 4 and MetaTrader 5 platforms
- ✅Proprietary web and mobile platforms with advanced analysis tools
- ✅Copy trading/social trading features integrated
- ✅Fast account opening and smooth onboarding process
- ✅User-friendly interface suitable for beginners and experienced traders
- ✅Free unlimited demo account
- ✅Multilingual, responsive customer support
- ✅Variety of deposit/withdrawal methods (bank transfer, credit/debit card, e-wallets)
- ❌Not regulated by Canadian IIROC or CSA; no CIPF investor protection for Canadian residents
- ❌Trading is limited to CFDs—no direct spot crypto or physical asset purchases
- ❌CFD overnight fees apply, increasing the cost for longer-term trades
- ❌Potential inactivity fees if the account is dormant
- ❌Staking, crypto lending, and custodial wallet features not available
- ❌Leverage is capped (max 1:30 for forex), lower for other assets
- ❌Asset selection (especially stocks and ETFs) is more limited than some global competitors
- ❌No Islamic (swap-free) accounts confirmed for Canadian users
- ❌Minimum withdrawal fees (up to 1%) may apply depending on method
- ❌No local customer support hotline specific to Canada
Score- ✅Exceptionally low minimum deposit ($10 USD equivalent)
- ✅Wide range of CFD instruments: forex, stocks, ETFs, indices, commodities, cryptocurrencies
- ✅Commission-free trading available on selected assets
- ✅Competitive spreads (major FX as low as 0.7 pips)
- ✅Supports both MetaTrader 4 and MetaTrader 5 platforms
- ✅Proprietary web and mobile platforms with advanced analysis tools
- ✅Copy trading/social trading features integrated
- ✅Fast account opening and smooth onboarding process
- ✅User-friendly interface suitable for beginners and experienced traders
- ✅Free unlimited demo account
- ✅Multilingual, responsive customer support
- ✅Variety of deposit/withdrawal methods (bank transfer, credit/debit card, e-wallets)
My opinion on Libertex
- ✅Exceptionally low minimum deposit ($10 USD equivalent)
- ✅Wide range of CFD instruments: forex, stocks, ETFs, indices, commodities, cryptocurrencies
- ✅Commission-free trading available on selected assets
- ✅Competitive spreads (major FX as low as 0.7 pips)
- ✅Supports both MetaTrader 4 and MetaTrader 5 platforms
- ✅Proprietary web and mobile platforms with advanced analysis tools
- ✅Copy trading/social trading features integrated
- ✅Fast account opening and smooth onboarding process
- ✅User-friendly interface suitable for beginners and experienced traders
- ✅Free unlimited demo account
- ✅Multilingual, responsive customer support
- ✅Variety of deposit/withdrawal methods (bank transfer, credit/debit card, e-wallets)
- ❌Not regulated by Canadian IIROC or CSA; no CIPF investor protection for Canadian residents
- ❌Trading is limited to CFDs—no direct spot crypto or physical asset purchases
- ❌CFD overnight fees apply, increasing the cost for longer-term trades
- ❌Potential inactivity fees if the account is dormant
- ❌Staking, crypto lending, and custodial wallet features not available
- ❌Leverage is capped (max 1:30 for forex), lower for other assets
- ❌Asset selection (especially stocks and ETFs) is more limited than some global competitors
- ❌No Islamic (swap-free) accounts confirmed for Canadian users
- ❌Minimum withdrawal fees (up to 1%) may apply depending on method
- ❌No local customer support hotline specific to Canada
Score- ✅Exceptionally low minimum deposit ($10 USD equivalent)
- ✅Wide range of CFD instruments: forex, stocks, ETFs, indices, commodities, cryptocurrencies
- ✅Commission-free trading available on selected assets
- ✅Competitive spreads (major FX as low as 0.7 pips)
- ✅Supports both MetaTrader 4 and MetaTrader 5 platforms
- ✅Proprietary web and mobile platforms with advanced analysis tools
- ✅Copy trading/social trading features integrated
- ✅Fast account opening and smooth onboarding process
- ✅User-friendly interface suitable for beginners and experienced traders
- ✅Free unlimited demo account
- ✅Multilingual, responsive customer support
- ✅Variety of deposit/withdrawal methods (bank transfer, credit/debit card, e-wallets)
Why trust Hellosafe?
I took the time to open and fund a real account with Libertex, testing its web and mobile platforms as well as MetaTrader 4 and MT5. I tried a range of assets—especially forex, CFD stocks, and crypto CFDs—to understand how fees, spreads, and order execution perform in live trading. I also used the copy trading feature to see if it lives up to expectations, noting its pros and limits for Canadian users.
My review is based not only on daily practical use but also on checking service aspects like deposits, withdrawals, and customer support response times. Compared with other regulated CFD and crypto brokers, I found that Libertex’ strengths are its low minimum deposit, user-friendly platform, and strong integration with popular trading tools like MT4/MT5. However, spreads can be higher during market volatility, and the lack of Canadian regulation or CIPF protection is an important factor to keep in mind.
From a hands-on perspective, I believe Libertex suits both beginners and experienced traders seeking choice and low entry costs, but you should balance these benefits with the lack of local regulation if you’re trading from Canada.
Libertex at a glance
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| Fonctionnalité | Détail |
|---|---|
| 💰 Minimum deposit | $10 USD (or equivalent in CAD) |
| 🛡️ Regulation | CySEC (Cyprus Securities and Exchange Commission); not regulated in Canada |
| 🪙 Crypto licence | Not available (crypto trading via CFDs only) |
| 📝 FSMA registration | Not registered |
| 📈 Assets available | 250+ (forex pairs, stocks, stock CFDs, ETFs, ETF CFDs, indices, commodities, crypto CFDs) |
| 📊 Trading platforms | Libertex Web, MetaTrader 4 (MT4), MetaTrader 5 (MT5), mobile apps (iOS/Android) |
| 🛠️ Trading tools | Advanced charting, technical analysis, integrated news, copy trading, market updates |
| 🧪 Demo account | Yes, unlimited |
| ☪️ Islamic account | Available on request in some regions; not confirmed for Canada |
| 📝 Key order types | Market, limit, stop loss, take profit, conditional orders |
| ⚡ Leverage | Up to 1:30 (forex), 1:5–1:20 on other instruments |
| 💸 Fees | Spreads from 0.7 pips (EUR/USD); commission on some assets; 0–1% withdrawal; inactivity/currency fees may apply |
| 📞 Customer support | Live chat, email, support ticket, phone (Mon–Fri, 8:00–22:00 GMT-3) |
| ⭐ Trustpilot reviews | 4.0/5 (9,544+ reviews, July 2025) |
Security & Regulation
Libertex offers a balanced but not exceptional security profile for Canadian users. It operates under the regulation of CySEC (Cyprus Securities and Exchange Commission), which is a recognized European authority but not equivalent to Canadian CIRO/IIROC supervision or tier-1 global regulators like the FCA or ASIC. Canadian residents do not receive local investor protection (like CIPF) and should keep this in mind when evaluating account safety.
Client funds are held in segregated accounts as per EU requirements, offering basic protection for CFD and forex trading, but not the enhanced legal recourse or deposit insurance available with Canadian brokers. For crypto CFDs, Libertex does not hold actual digital assets—so cold storage or proof-of-reserves are not relevant issues— yet this CFD-only model reduces the risk of custody breaches common in unregulated exchanges.
Risk management tools with Libertex are solid but not industry-leading: standard stop loss, take profit, and negative balance protection are available, and 2FA is supported. Advanced risk controls (such as guaranteed stops) may not be offered across all platforms or jurisdictions.
Libertex maintains over two decades of operational history and a positive online reputation, with a Trustpilot rating near 4.0/5. User reviews often note the platform’s ease of use and responsive support, though some highlight concerns about fees and withdrawal processes.
| Indicator | Description | Evaluation |
|---|---|---|
| Regulatory compliance | CySEC regulated; not CIRO/IIROC, no Canadian protection | 3.5/5 |
| Fund security | EU-required segregation; no Canadian CIPF/insurance; crypto CFDs only, so no on-chain risk | 3.5/5 |
| Risk management tools | Stop loss, take profit, negative balance protection, 2FA; advanced tools somewhat limited | 4/5 |
| Notoriety and coverage | Long-standing brand, >20 years in operation, Trustpilot ~4.0/5, mixed user sentiment | 4/5 |
Fees, Spreads & Commissions
Libertex positions itself as a cost-conscious broker with a unique hybrid pricing model. Most instruments (CFDs on forex, stocks, indices, commodities, and crypto) are quoted with zero or near-zero spreads —but a commission is charged per trade, which is clearly displayed before order confirmation. This approach provides cost transparency often missing with market-maker brokers, making actual trading costs easy to calculate ahead of time.
For major forex pairs, commissions range from 0.005%–0.05% of trade value per side, with spreads starting as low as 0.7 pips on the Standard account or even lower if using MT4/MT5. This is competitive with leading offshore and European CFD brokers, but may be more costly for micro-lot traders or those who scale in and out frequently. On stock and ETF CFDs, commission-free trading is often advertised, but practical costs are built into the spread and can vary distinctly between underlying assets and market hours.
Hidden costs at Libertex are minimal. There is no account opening or maintenance fee, and deposit fees are rare. Withdrawal fees range from 0% to 1% depending on payment method—lower than many offshore peers, but not always free for e-wallets or card withdrawals. An inactivity fee may apply if your account is dormant over an extended period, a standard practice among global CFD platforms. Currency conversion fees are transparent and in line with market averages for multi-asset brokers.
Crypto trading at Libertex is available exclusively via CFDs. All costs (spread and commission) are presented with each quoted crypto pair, usually competitive for retail brokers. No custody or transfer fees are charged, since you do not own the underlying asset—another important distinction from typical spot crypto exchanges. Long-term traders should pay close attention to overnight (swap) rates, as these accrue daily for leveraged positions.
What are the account-related fees?
| Fee Type | Conditions at Libertex | Market Average |
|---|---|---|
| Opening fee | $0 | $0 |
| Maintenance fee | $0 | $0–$25/year |
| Withdrawal fee | 0–1% (by method, e.g., free/credit card or Skrill) | $0–$20 (wire/e-wallets) |
| Inactivity fee | Yes (applies after inactivity period, ~$5/month) | $0–$20/month |
| Currency conversion fee | 0.5%–1.5% (on cross-currency trades) | 0.5%–2% |
Expert advice: Trip
Group your trades to reduce cumulative commission costs— the per-trade commission model means frequent small orders can be more expensive than consolidated ones.
Monitor the overnight swap rates on leveraged positions, especially in volatile markets or in crypto CFDs, as these can quickly add up for swing and position traders.
What are the fees on stocks and ETFs?
Trading stocks and ETFs at Libertex is typically either commission-free (with fees built into variable spreads for CFDs) or includes transparency around all commission charges. There are no holding/custody fees or UK stamp duty for CFD products. Overnight financing applies for all leveraged positions and is worth monitoring for multi-day trades.
| Fee Type | Conditions at Libertex | Market Average |
|---|---|---|
| Commission | $0–$5 per $10,000 (CFD, varies) | $0–$10/trade |
| Spread fee | Variable (usually 0.1%–0.5%) | 0.1%–0.8% |
| Overnight fee | Yes (swap/financing, varies) | Yes |
| Custody fee | $0 (CFDs have no custody fee) | $0–$25/year (real) |
| UK stamp duty tax | $0 (CFDs only) | 0% (CFD, real: 0.5% UK) |
What are the fees on cryptocurrencies?
Libertex offers crypto only as CFDs, presenting all costs through spreads and commissions at the time of order. No direct custody or blockchain network fees apply, and there are no costs for deposits or internal transfers, but overnight fees act as the main expense for leveraged traders holding positions for more than one day.
| Fee Type | Conditions at Libertex | Market Average (crypto or CFD brokers) |
|---|---|---|
| Buy/sell fees | $0 (modeled as spread/commission) | 0.1%–0.5% |
| Spread fees | 0.2%–1.5% (market & pair dependent) | 0.2%–2% |
| Overnight fees | Yes (swap rate, varies by asset/leverage) | Yes |
| Custody fees | $0 (no ownership of crypto) | $0–$5/month |
| Transfer fees | $0 (CFD only, no network withdrawal) | $0–$10 |
What are the fees on CFDs?
Libertex’s CFD structure focuses on transparency—spreads are tight where liquidity is high, while a commission or built-in spread is always disclosed before confirming the trade. Leverage up to 1:30 is standard for retail forex, and overnight (swap) fees should be closely watched for all margined trades.
| Underlying Asset | Maximum Leverage | Spread at Libertex | Overnight Fee | Market Average (CFD brokers) |
|---|---|---|---|---|
| CFD Stocks | 5:1 | from 0.1% (variable) | Yes (swap/finance) | 0.1%–0.8%; yes |
| Gold (XAU/USD) | 20:1 | from 0.3 pips | Yes | from 0.2 pips; yes |
| Silver (XAG/USD) | 20:1 | from 1 pip | Yes | from 0.7 pips; yes |
| Oil (WTI) | 10:1 | from 0.04 USD | Yes | from 0.04; yes |
| EUR/USD | 30:1 | from 0.7 pips | Yes | 0.5–1.2 pips; yes |
| EUR/GBP | 30:1 | from 0.8 pips | Yes | 0.7–1.8 pips; yes |
| USD/JPY | 30:1 | from 0.8 pips | Yes | 0.7–1.5 pips; yes |
| GBP/USD | 30:1 | from 0.8 pips | Yes | 0.7–1.5 pips; yes |
| BEL 20 (BEL20) | 5:1 | from 2 pts | Yes | 1–4 pts; yes |
| BTC/USD (crypto CFD) | 2:1 | from 0.75% (spread) | Yes (swap) | 0.2%–1.5%; yes |
Assets & Markets
Libertex delivers broad multi-asset coverage built on a flexible infrastructure, with web-based and MetaTrader support that allows for robust technical analysis and seamless execution. I find the inclusion of stock and ETF CFDs, alongside major and minor forex pairs, commodities, and a growing list of crypto CFDs, creates a well-rounded environment suitable for both trend-followers and active speculators. The $10 minimum deposit is especially attractive for new traders or those seeking to experiment with different asset classes without a large initial commitment.
The selection of equities as CFDs is solid, with exposure to global markets and popular US, EU, and Asian stocks— but it’s important to note these are derivatives and not direct spot shares. ETF CFDs also provide efficient index or sector exposure, though the diversity in this category is narrower compared to top global peers. Indices and commodity markets are well-represented, from energies and precious metals to global equity benchmarks, all accessible with competitive leverage for retail traders.
A clear strength is the crypto offering, available as CFDs rather than spot assets. This allows for long and short strategies on Bitcoin, Ethereum, and other leading cryptos, but staking, lending, and wallet services are missing. Forex coverage impresses with a comprehensive range of majors, minors, and select exotics, catering to both conservative and high-risk strategies.
The main limitations are the absence of bonds, stablecoins, NFTs, and the inability to take physical delivery of any asset. Canadian traders should also weigh the lack of IIROC protection, and recognize that commission-free trading on some products is offset by wider spreads or platform trading commissions. Still, for those prioritizing leveraged multi-asset CFD exposure and broad platform compatibility, Libertex is a viable alternative to more regionally focused brokers.
| Asset Class | Type | Number at Libertex | Market Average | Example Assets |
|---|---|---|---|---|
| Stocks | CFD | 100+ | 50–1000+ | Apple (AAPL), Tesla (TSLA), Alibaba (BABA) |
| ETFs | CFD | 20+ | 10–50+ | SPDR S&P 500, iShares MSCI Emerging Markets |
| Cryptocurrencies | CFD | 30+ | 10–30+ | Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) |
| Currencies (Forex) | Spot CFD | 50+ | 30–90+ | EUR/USD, USD/CAD, GBP/JPY |
| Commodities | CFD | 10+ | 10–25+ | Gold, Silver, Brent Oil, Natural Gas |
| Indices | CFD | 20+ | 10–30+ | S&P 500, NASDAQ 100, DAX 40 |
| Bonds | N/A | 0 | 10–30 | — |
| Stablecoins | N/A | 0 | 2–10 | — |
| NFTs | N/A | 0 | 1–5 | — |
| Other derivatives | Hot Assets/Exotics (CFD) | 5+ | 0–10 | GameStop CFD, trending “Hot Asset” CFDs |
Trading Tools & Apps
Libertex excels at blending a streamlined, browser-based trading environment with the global popularity of MetaTrader 4 and 5. I find the proprietary Libertex Web Platform exceptionally approachable for new users: the layout is intuitive, navigation is simple, and access to news and market insights is seamlessly integrated. This clarity makes it easy for beginners to manage positions and execute orders efficiently.
Those seeking advanced trading tools will appreciate MetaTrader 4 and 5 support across desktop and mobile. These platforms deliver a comprehensive range of technical indicators, expert advisors for automation, and an active marketplace for custom scripts and add-ons. MT5, in particular, expands capabilities with faster execution and a broader range of order types. For CFD and Forex traders, access to these tools means both discretionary and systematic strategies can be implemented without compromise.
Mobile trading with Libertex is practical and highly functional. The app offers the majority of desktop features—quick asset search, responsive charting, and one-tap trading— so managing trades on the go is both secure and convenient. Order entry covers all essential order types, and negative balance protection provides added reassurance for high-volatility events, which is crucial for leveraged trading.
A limitation of Libertex is the absence of direct spot stock or crypto purchases; all trading occurs through CFDs. There’s no crypto wallet, staking, or yield features—crypto assets are available exclusively as leveraged derivatives. Algorithmic and automated trading thrive on MT4/MT5, but the proprietary web platform is geared for manual trading. Traders looking for copy or social trading may need to explore third-party integrations, as these are not a core focus.
| Feature | Verified Details |
|---|---|
| Mobile app | Proprietary Libertex app (iOS/Android), MetaTrader 4, MetaTrader 5; no crypto wallet |
| Usability | Clean, fluid interface on web and mobile; very beginner-friendly |
| Compatible software | MT4, MT5, proprietary Libertex web platform; no TradingView or API for external crypto integration |
| Order types | Market, limit, stop-loss, take-profit, trailing stop, OCO (via MT5/MT4) |
| Charting and technical analysis | Dozens of built-in indicators, drawing tools (web); deep analytics and custom script support (MT4/MT5) |
| Auto trading / Automated strategies | Supported on MT4/MT5 via Expert Advisors and custom scripts; not available on the web platform |
| Algorithmic trading | Full on MT4/MT5; custom scripts, bots, and third-party add-ons; no AI or machine learning by default |
| Negative balance protection | Yes, available on most accounts |
| Trading signals | Integrated on web and MT, but no TradingView or external provider integration |
| Asset search and filters | Fast symbol search, asset category filters (web/app/MT) |
| Spot stock purchase | Not available; only stock CFDs |
| Staking and earn | Not available |
Expert advice
Trip: Make full use of the unlimited Libertex demo account to explore MT4/MT5 and web strategies— and if automating, always test EAs or scripts in demo mode first to fine-tune settings and avoid unexpected live-trading risks.
Account Opening & Deposits
Account opening
Opening an account with Libertex starts with completing their online registration form, where you enter your personal details and select your base currency. You’ll then be prompted to take a quick regulatory questionnaire to assess your trading background and financial experience in line with compliance procedures. Next, you must upload required documents: a government-issued ID and a recent proof of address (like a bank statement or utility bill). This is to fulfill Know Your Customer (KYC) requirements. Once you submit your application and documents, Libertex reviews your information. The validation time usually ranges from a few hours to 1 business day, but may take longer if there’s high demand or extra verification is needed. After approval, you receive a confirmation email giving you access to your account.
Good to know
Choosing your account base currency carefully at registration will help you minimize future currency conversion fees when depositing or withdrawing.
| Item | Details |
|---|---|
| Opening procedure | Online registration, questionnaire, document upload (ID + address proof), review |
| Validation time | Typically a few hours; up to 1 business day |
| Accepted deposit methods | Credit/debit card, bank wire, e-wallets, some local methods |
| Minimum required deposit | $10 USD (or equivalent in CAD) |
| Required documents | Government-issued ID, proof of address |
| Practical tip | Attach clear, legible scans/photos of documents to avoid extra verification time |
Deposits and withdrawals on Libertex
Deposits at Libertex can be made via credit or debit card, bank transfer, a wide range of e-wallets (such as Skrill or Neteller), and often local payment solutions depending on your country. Supported currencies generally include USD, CAD, EUR, and others, though you may incur conversion fees if the funding currency differs from your account base. Most deposits are processed instantly or within a few hours, while withdrawals are processed within 1–5 business days depending on the method and may incur a fee (typically 0%–1%). Libertex does not offer an integrated crypto wallet and does not support fiat-to-crypto on-platform conversion; crypto trading is through CFDs only.
Good to know
Always double-check both your funding currency and your selected account base currency— and review your payment provider’s possible charges for international transfers or currency conversions before funding or withdrawing.
| Payment method | Accepted currencies | Minimum amount | Processing time | Possible fees |
|---|---|---|---|---|
| Credit card | USD, CAD, EUR, others | $10 USD | Instant–1 hour | None for deposit; 0–1% withdrawal |
| Bank transfer | USD, CAD, EUR, others | $10 USD | 1–3 business days | Bank/intermediary fees, up to 1% |
| E-wallets | USD, CAD, EUR, others | $10 USD | Instant–few hours | 0–1% for withdrawal |
| Stablecoins/cryptos | Not supported (CFDs only) | – | – | – |
| Other local options | Varies by availability | $10 USD | Instant–1 business day | 0–1% for withdrawal |
Account Types
Libertex offers a range of account types designed for CFD/Forex trading, with additional features for modern traders such as copy trading. It is best described as a CFD/Forex broker—not a dedicated crypto platform or hybrids provider—although it does offer access to crypto CFDs. Accounts are built for accessibility, with a low minimum deposit and easy transition between demo and live trading; advanced trading is supported with MT4/MT5, while direct crypto custody or staking features are not available. Clients should be aware that Libertex is not regulated in Canada, and investor protection may differ from that of IIROC-regulated brokers.
| Account type | Available | Main features |
|---|---|---|
| Demo account | ✅ | Risk-free with virtual funds; unlimited for beginners to practice trading |
| Standard account | ✅ | $10 minimum deposit; access to all CFD/forex instruments, MT4/MT5 and Libertex platform |
| Raw ECN account | ❌ | Not offered; no ECN commission model or direct market access for major pairs |
| Islamic account | ❌ | Not actively promoted for CA users; swap-free may be available but not guaranteed |
| Professional account | ❌ | No separate pro account structure; no special leverage or segmentation |
| CFD account | ✅ | All live accounts provide access to CFDs on forex, stocks, indices, crypto, commodities |
| Classic securities account | ❌ | Not available; no access to physical stocks, bonds or direct ETF holdings |
| Staking/earn account | ❌ | Not available; crypto trading is CFD-only, not yield-generating/staking |
| Cold storage account | ❌ | Not available; no crypto custody or non-custodial wallet integrations |
| Tax-advantaged account | ❌ | Not available; no RRSP, TFSA, or other tax-advantaged structures |
| Accepted base currencies | ✅ | USD, EUR (CAD typically converted at deposit) |
Expert advice
Trip: For new traders, starting with a demo account on Libertex is the safest path—this lets you explore spreads, commissions, and platform features without risking real money before switching to a live standard account that suits your needs.
Libertex vs. competitors
| Libertex | XTB | Trade Republic | Qtrade Direct Investing | |
|---|---|---|---|---|
| Minimum deposit | $0 | €1 | $0 | |
| Number of instruments | 5,500+ | 10,000+ | Stocks, ETFs, Mutual Funds, Options, Bonds (no Forex/CFDs) | |
| Spreads (examples) | EUR/USD: from 0.1 pips Gold: from 0.15 S&P 500: from 0.5 pts | N/A – fixed €1 per trade | N/A – commission per trade (e.g., $8.75) | |
| Trading platforms | xStation 5 (web/mobile) | Mobile app, Web platform | Proprietary web/mobile | |
| Regulation | FCA (UK), CySEC | BaFin (Germany), ECB (EU) | IIROC (Canada), CIPF | |
| Demo account | ✅ (30-day limit) | ❌ | ✅ (trial usually available) | |
| Copy trading | ❌ | ❌ | ❌ | |
| Read the review | Read the review XTB | Read the review Trade Republic | Read the review Qtrade Direct Investing |
Gold: from 0.15
S&P 500: from 0.5 pts
Customer reviews
Libertex has a Trustpilot rating of 4.0 out of 5, based on more than 9,544 user reviews. Les utilisateurs mettent en avant plusieurs aspects positifs de la plateforme, notamment :
- Intuitive and user-friendly trading app
- Quick and simple account setup process
- Helpful educational resources for beginners
- Availability of both MT4 and MT5 platforms
- Prompt and professional customer support
En revanche, plusieurs points négatifs sont régulièrement évoqués dans les avis :
- Spreads and trading costs can sometimes be higher than expected
- Occasional withdrawal delays depending on payment method
- Limited selection of non-CFD assets for some users
- No dedicated Canadian regulation or local investor protection
- Inactivity fees may apply after a period of no trading
Voici quelques exemples représentatifs d’avis publiés sur Trustpilot :
S.B. – 07/07/2024 : “The app is user-friendly and the educational resources are very helpful for beginners. Set-up was fast.” M.N. – 22/03/2024 : “Withdrawal process was smooth, but spreads can be higher than I expected. Support team responded quickly.” L.G. – 05/01/2024 : “Customer support resolved my issue the same day. I wish the platform offered a few more real (non-CFD) assets.”
FAQ
Is Libertex regulated in CA?
Libertex is not regulated by Canadian authorities such as IIROC or the CSA. It operates under CySEC regulation in the European Union. Canadian residents should be aware that they are not protected by local investor insurance schemes or Canadian regulatory oversight.
What is the minimum deposit on Libertex?
The minimum deposit to open a standard account on Libertex is $10 USD or the equivalent in CAD. While this makes it accessible for most users, a higher deposit may be recommended to manage risks or access certain trading features effectively.
Does Libertex offer a welcome bonus?
Libertex occasionally offers welcome bonuses or promotional rewards for new users, but these are not guaranteed and may not always be available. Terms can vary by region and over time, so it’s important to check the official website for current offers.
How does leverage work on Libertex?
Leverage on Libertex depends on the asset being traded and regulatory limits. For retail clients, maximum leverage is typically 1:30 for forex and ranges from 1:5 to 1:20 for other assets. Leverage allows traders to control larger positions with less capital, increasing both potential profits and risks.
How does Libertex make money?
Libertex generates revenue through trading commissions, spreads on various instruments, and certain account-related fees such as inactivity or withdrawal charges. While some assets are commission-free, spreads can be higher, which effectively adds to the cost of trading.
Who is behind Libertex?
Libertex is operated by Indication Investments Ltd., a company regulated by the Cyprus Securities and Exchange Commission (CySEC). The brand has been in operation since the late 1990s and is part of the Libertex Group, serving clients in multiple global regions.
When was Libertex launched?
Libertex was founded in 1997, making it one of the more established players in the online trading space. Since launch, it has expanded its platform and asset offerings to cater to international clients, including those outside Europe.
Does Libertex offer copy trading or social trading?
Copy trading is available on Libertex, allowing users to follow and automatically replicate the trades of experienced traders. This feature is particularly attractive to beginners or those preferring a more hands-off approach. Availability may vary by country and regulation.
How can I contact Libertex’s customer service?
Libertex customer support is accessible via live chat, email, online support submissions, and sometimes by phone. Support hours typically run Monday to Friday, 8:00 to 22:00 (GMT-3). There is no dedicated Canada-specific hotline, but English service is available.
Does Libertex offer any promotions or referral programs?
Libertex sometimes provides promotional campaigns, referral, or cashback programs, but participation and conditions can change over time. For the latest information on bonuses and referral rewards, check the Libertex website or contact customer service directly.
Is Libertex regulated in CA?
Libertex is not regulated by Canadian authorities such as IIROC or the CSA. It operates under CySEC regulation in the European Union. Canadian residents should be aware that they are not protected by local investor insurance schemes or Canadian regulatory oversight.
What is the minimum deposit on Libertex?
The minimum deposit to open a standard account on Libertex is $10 USD or the equivalent in CAD. While this makes it accessible for most users, a higher deposit may be recommended to manage risks or access certain trading features effectively.
Does Libertex offer a welcome bonus?
Libertex occasionally offers welcome bonuses or promotional rewards for new users, but these are not guaranteed and may not always be available. Terms can vary by region and over time, so it’s important to check the official website for current offers.
How does leverage work on Libertex?
Leverage on Libertex depends on the asset being traded and regulatory limits. For retail clients, maximum leverage is typically 1:30 for forex and ranges from 1:5 to 1:20 for other assets. Leverage allows traders to control larger positions with less capital, increasing both potential profits and risks.
How does Libertex make money?
Libertex generates revenue through trading commissions, spreads on various instruments, and certain account-related fees such as inactivity or withdrawal charges. While some assets are commission-free, spreads can be higher, which effectively adds to the cost of trading.
Who is behind Libertex?
Libertex is operated by Indication Investments Ltd., a company regulated by the Cyprus Securities and Exchange Commission (CySEC). The brand has been in operation since the late 1990s and is part of the Libertex Group, serving clients in multiple global regions.
When was Libertex launched?
Libertex was founded in 1997, making it one of the more established players in the online trading space. Since launch, it has expanded its platform and asset offerings to cater to international clients, including those outside Europe.
Does Libertex offer copy trading or social trading?
Copy trading is available on Libertex, allowing users to follow and automatically replicate the trades of experienced traders. This feature is particularly attractive to beginners or those preferring a more hands-off approach. Availability may vary by country and regulation.
How can I contact Libertex’s customer service?
Libertex customer support is accessible via live chat, email, online support submissions, and sometimes by phone. Support hours typically run Monday to Friday, 8:00 to 22:00 (GMT-3). There is no dedicated Canada-specific hotline, but English service is available.
Does Libertex offer any promotions or referral programs?
Libertex sometimes provides promotional campaigns, referral, or cashback programs, but participation and conditions can change over time. For the latest information on bonuses and referral rewards, check the Libertex website or contact customer service directly.
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