LIBERTEX Review
Accessing the market is now easier than it has ever been before because to the advancements that technology has made in the financial sector. Libertex is a corporation that has been operating for a considerable amount of time and that offers traders a platform from which they may access many markets. They have been in business since 1997 and have more than 20 years of expertise in the financial industry. They provide their clients “…high-speed, trustworthy, cutting edge technology platforms…”, which can assist you in having the most productive trading experience possible.
In addition, Libertex claims that they have customers in over 110 countries and have received over 30 accolades for excellence in their industry. This article will serve as an introduction to the Libertex platform as well as an outline of the services that Libertex offers its customers.
Is Libertex a Dependable Source?
When searching for the ideal platform to collaborate on, reliability is one of the most important criteria to consider. You can obtain a better grasp of the organization’s products and services and determine if they are providing the best value to their customers by conducting research on a variety of the company’s specifics prior to opening an account with them.
To begin, it seems to be a challenge to locate their regulations and qualifications. On the other hand, everything you need to know to authenticate your account is available on the support page. You may notice that they got an award connected to cryptocurrency and the mobile platform by going to that location and looking at the homepage. In addition, there is a collection of testimonials that can possibly help the user feel more at ease when making the decision regarding which platform to use.
Aside from that, there isn’t much else that differentiates them from one another; nonetheless, you should never judge a book by its cover, as the proverb says.
Instructions for Creating a Free Trial Account
The creation of a demo account is essential for two different reasons. To begin, it enables you to become familiar with the system without requiring you to put any of your own money at risk. It is critical that you have a solid understanding of the platform’s functionality in order to begin determining whether or not it meets your requirements.
Second, setting up a trial account gives you the opportunity to try out new trading methods without putting your own money at risk. Because the market is continually shifting, it is essential to have a setting in which you can test out new ideas. Otherwise, you might find that you need to make adjustments to the methods that you are now employing. You will have access to a virtual cash balance of $5,000 when you use the demo account, allowing you to practice trading in any manner you see fit. Make sure you open this account before moving on to the next step of registering a real account and depositing money.
Assets
There are many different assets available through Libertex, and this section will go through each one in detail.
Stocks
You, the trader, have a variety of stock options to choose from, which is to your advantage. The shares are listed on the website in a variety of categories, ranging from consumer goods and healthcare to energy and technology all the way up to luxury goods and telecommunications technology. Depending on the state of the market, each category will behave differently in terms of trading, and if you have access to a variety of markets, you will have the opportunity to make a profit regardless of the state of the market.
Crypto
Having the capacity to trade cryptocurrencies could be an additional source of revenue in the future, given the continued rise in popularity of cryptocurrencies. You are able to trade renowned cryptocurrencies like Bitcoin, Litecoin, Ethereum, and Dash on Libertex. This platform also supports trading of other prominent cryptocurrencies.
You have the ability to trade whenever you want because cryptocurrencies are traded around the clock. Make use of the demo account to determine whether or not the platform will provide you with the most realistic experience possible when trading on this particular market.
The foreign exchange market, which is the largest and most liquid market in the world, is open for trading twenty-four hours a day, five days a week. In addition to many of the more common currency pairs, such as USD/JPY and EUR/USD, Libertex also offers several of the more unusual currency pairs. Not only does having access to a large number of different currency pairs provide you with more possibilities, but it also does not restrict your trading. Because having more options allows you to trade at any time of day or night, even at times when particular currency pairs are more likely to be traded than others.
Metals
Metals find applications in a wide variety of contexts, such as in the case of gold during periods of market contraction. Having access to gold, which is widely regarded as a haven asset, can provide you with options in the event that the market becomes volatile. Gold is just one of the many various types of metals available to you; others include copper, silver, palladium, and platinum as well. You need as little as ten dollars to get started trading.
Indices
Index trading is common because it enables investors to watch the general market rather than individual business or industry information. This is one reason why index trading is so popular. You have the opportunity to trade the country indices of the following continents with Libertex: Asia, Europe, North America, South America, and the Middle East. You will have the capacity to trade successfully in a variety of market scenarios thanks to the extensive selection of indexes.
Agriculture
You have access to corn, wheat, soybeans, coffee, sugar, and cocoa if you trade with Libertex, despite the fact that agriculture isn’t as popular as other assets and markets. These respond not only to the conditions of the market, but also to supply and demand as well as the crop haul for the particular season. This is a novel approach to spicing up your portfolio and possibly generating a new source of cash for your business.
Petroleum and Gas
As of right now, the price of oil has been extremely unpredictable and will likely remain an unstable commodity for a variety of reasons. The production of goods is undoubtedly one of them, but it is also contingent on the state of the climate and the development of new technologies. You are able to engage in trading for Brent Crude, Light Sweet Crude, Henry Hub Natural Gas, WTI Crude, and Heating oil when you use Libertex.
You can start trading in them with as low as five dollars if you use Libertex.
ETF’s
The last benefit of using Libertex is that it enables you to trade a variety of ETF products. ETFs provide investors with the opportunity to acquire exposure to markets that may be inaccessible to other investors. These are wonderful to have if there is an index in which you are interested in trading but may not have direct access. There are ten distinct exchange-traded funds (ETFs), therefore there is a good chance that one of them will meet your requirements.
Trading Platform of the Libertex
It is essential that you have a solid understanding of the features that are available to you on the trading platform. Trading with Libertex gives you the flexibility to choose between their own platform, MetaTrader 4, and MetaTrader 5, in addition to Libertex’s own platform.
You can gain access to all types of investments within a single application when you use Libertex. These investments include stocks, indices, commodities, currencies, and even oil and gas. Their platform is designed for the straightforward trader who merely needs access to their account. Additionally, mobile apps are available for users of both Apple and Android devices. You need at least $10 to make a trade, and your leverage can go as high as 200 to 1.
You can make use of the popular MetaTrader 4 platform, which is commonly utilized in the foreign exchange market, if you find that the Libertex platform does not meet your requirements. The use of MetaTrader 4 comes with a number of advantages, some of which being access to over 43 currency pairings, compatible trading robots, and trailing stops.
In the event that you would want something different, you can use MetaTrader 5 instead. This more up-to-date version of the platform has capabilities that are comparable to those found in MetaTrader 4, and it may be utilized in a variety of contexts due to its adaptability. It is significant that Libertex be compatible with a number of different software programs because this will encourage a wide variety of traders to use the platform.
Instructions on How to Make a Deposit or Withdrawal
Because you will need to factor in the right amount of time between deposits and withdrawals if you plan to utilize this platform as your primary source of income, it is crucial that you understand how to make deposits and withdrawals before you start using it.
You will be required to send in information to authenticate your account before you can make any withdrawals or deposits of monies into your account. This will ensure a seamless experience for you. Among the things that you could require are an identification card or passport, a bank card, and anything else that has identifying information. On their support page, you’ll find a comprehensive list of all of the information that’s available.
Libertex accepts bank transfers, bank cards, Neteller, and Skrill for the purpose of funding an existing account. With the exception of a bank transfer, which can take anywhere from two to five business days to process, all of these methods allow you to make fast deposits. After you have successfully logged in, the funds will be added to your account.
You have the option of using Skrill or a bank transfer when withdrawing your funds. Similar to making deposits, withdrawing money from Skrill is immediate, however sending money through a bank transfer might take anywhere from two to five business days.
FAQ
Which trading platforms are compatible with the Libertex trading platform?
MetaTrader 4/5, Libertex, Android App, IOS App.
What is the minimum amount that must be deposited into a Libertex account before it may be opened?
10 USD.
Evaluation of Libertex on a Whole
In general, the platform is satisfactory and offers users a diverse range of assets from which to chose. Having said that, there is nothing about Libertex that stands out as being particularly exceptional or unique in comparison to its competitors. It appears that the platform will, on the whole, do what has to be done and give you with a pleasurable experience. However, it is up to you to establish a demo account and put the platform through its paces before moving forward. Other things to think about are the blog and the education section of the website. Make sure that they are beneficial to you and that they are money well spent. Libertex is an excellent place to begin, but as your expertise grows and your horizons broaden, you might discover that other platforms provide greater value than Libertex does.