Investment Company Review
Libertex is an online trading platform that has been in operation since 1997. It is owned and operated by Indication Investments Ltd, a Cyprus-based company. Libertex has gained a reputation for providing a user-friendly platform for trading a variety of financial instruments, including stocks, commodities, cryptocurrencies, and more. While some users praise Libertex for its ease of use and wide range of assets, others have raised concerns about the platform’s fees and customer support.
Services Offered
Libertex offers a range of services to its users, including access to a proprietary trading platform that is available on both desktop and mobile devices. Users can trade a variety of assets, including CFDs on stocks, indices, commodities, cryptocurrencies, and more. Libertex also provides users with access to educational resources, such as webinars and tutorials, to help them improve their trading skills. However, some users have reported issues with the platform’s execution speed and limited asset selection.
Fees and Commissions
Libertex charges fees and commissions on trades, which can vary depending on the asset being traded and the size of the trade. While Libertex does not charge a commission on trades, they do make money through the spread, which is the difference between the buy and sell prices of an asset. Some users have reported that Libertex’s spreads are wider than those offered by other brokers, leading to higher trading costs.
User Experience
Overall, users have generally positive feedback about the user experience on Libertex. The platform is easy to navigate, and users have access to a range of tools and features to help them make informed trading decisions. However, some users have reported issues with the platform’s speed and reliability, particularly during times of high market volatility.
Customer Support
Libertex provides customer support through email, phone, and live chat. Users have reported mixed experiences with Libertex’s customer support team, with some praising their responsiveness and helpfulness, while others have complained about long wait times and unhelpful responses. Overall, Libertex’s customer support is considered average compared to other brokers in the industry.
Pros and Cons
Pros
- Easy-to-use trading platform
- Wide range of assets available for trading
- Access to educational resources
Cons
- Higher trading costs due to wider spreads
- Issues with platform speed and reliability
- Mixed customer support experiences
Final Verdict
Overall, Libertex is a solid option for traders looking for a user-friendly platform with access to a wide range of assets. While there are some drawbacks, such as higher trading costs and issues with customer support, Libertex’s strengths outweigh its weaknesses for many users. It is recommended that potential users conduct their own research and consider their individual trading needs before deciding whether to use Libertex as their broker.
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