Libertex Account Types

Our Libertex account types review allows traders to make an informed decision before opening a Libertex trading account.

Libertex Account Types Overview

Noteworthy:

• The Libertex trading environment competitiveness and available products/services depend on the operating subsidiary.

Libertex Account Types

Traders at Libertex get one account type, Libertex CFD, and Libertex recently added a dedicated option for investors, Libertex Portfolio. The US Dollar is the only account base currency for non-EU traders, who can opt for a Euro Libertex account type.

Libertex CFD Account

The Libertex CFD account caters to CFD traders and requires a Libertex minimum deposit of $10 with asset-dependent leverage, which maxes out at 1:999 for major currency pairs.

Libertex Portfolio Account

The Libertex Portfolio account is an unleveraged investment account. There are no trading fees except for the spread, and investors can buy fractional shares from 0.01 shares. The Libertex minimum deposit is $10, and it is an ideal offer for investors with small portfolios who seek a long-term growth and dividend strategy.

Libertex Professional Account

EU-based traders can apply for a professional account but must meet two of three qualification criteria. It is the byproduct of the 2018 ESMA regulatory changes, and despite its misleading label, it provides identical trading conditions to what international traders receive.

Libertex Islamic Account

Libertex does not offer a swap-free Islamic trading account, but the Libertex Portfolio alternative for investors complies with Sharia law.

How to Open a Libertex Account - Step by Step

International traders can open a Libertex account via a swift online application. EU-based traders get a multi-step alternative dictated by the ESMA, which includes a questionnaire and additional data collection.

Below is a step-by-step guide on how to open your Libertex trading account:

1. Go to the Libertex website and click “Sign Up” in the top right corner.
2. Submit your e-mail, preferred password, and valid mobile phone number, and click “Sign Up.”
3. Traders will get immediate access to the Libertex dashboard and web-based trading platform.
4. Account verification is mandatory. Most traders will pass it after uploading a copy of their government-issued ID and one proof of residency document.
5. Finally, making the Libertex minimum deposit completes the process. Libertex will e-mail a confirmation, which includes account login details.

Noteworthy:

• Geographic restrictions for applicants apply, meaning EU-based traders must open an account with the CySEC-regulated subsidiary.

Restricted countries:

The international Libertex subsidiary does not accept traders from the below countries, which induced EU countries, as they must trade with the CySEC subsidiary.

Libertex does not accept traders from:

Libertex Account Features

Account features depend on the Libertex account type and the geographic location of traders.

Among the most competitive Libertex CFD account features are:

• Good choice of cryptocurrencies
• User-friendly back office
• Algorithmic and copy trading in MT4/MT5
• Unrestricted demo accounts
• Fractional share dealing from $20.
• Loyalty program
• Maximum leverage of 1:999 on major currency pairs
• Bonus for new non-EU traders of up to $200 in Apple, Google, or Tesla shares and $10 for the first cryptocurrency purchase

Among the most competitive Libertex Portfolio account features are:

• Fractional investment from 0.01 shares
• Commission-free trading
• Swap-free trading
• No inactivity fees.

Libertex Demo Account

Libertex offers traders one unlimited demo account on its proprietary web based Libertex trading platform and mobile app. While the default Libertex demo account balance is an excessive $50,000, traders can adjust it via the Libertex dashboard.

Conclusion:

• Beginners may assess the Libertex trading conditions and platforms.
• Manual traders can evaluate, tweak, and try new strategies.
• Beginner traders should consider limitations like the absence of exposure to trading psychology.

Libertex Account Pros & Cons

Traders should consider the pros and cons of the Libertex account types. It allows traders to make the best decision for their trading requirements and compare Libertex to other brokers.

The pros of the Libertex account types are:

• Good choice of cryptocurrencies
• Unlimited demo account
• Long operational history dating back to 1997.
• Loyalty program for active traders

The cons of the Libertex account types are:

• Competitiveness depends on the operating subsidiary.
• Lack of pricing transparency

Bottom Line

Libertex account types consist of the CFD account for traders and the Portfolio account for investors. Both feature advantages tailored to relevant strategies. The former grants high leverage and algorithmic and copy trading via MT4/MT5, while the latter is a cash account without additional costs except for applicable spreads.

The minimum deposit of $10 ensures accessibility for all clients. Fractional share dealing is available in both Libertex account types, but the CFD option requires a minimum of $20 versus 0.01 shares for the Portfolio alternative. All non-EU traders must open a US Dollar base account.

Read more on Libertex in our up-to-date broker review.

FAQs

Does Libertex offer an Islamic account?

No, Libertex does not offer a swap-free Islamic account.

Does Libertex offer a bonus account?

No, Libertex offers bonuses but not a dedicated bonus account.

Which account type is best at Libertex?

The Libertex portfolio account offers competitive conditions for unleveraged long-term investors.

Does Libertex offer a cash account?

Yes, the Libertex Portfolio account is a cash account.

How many Libertex account types are there?

Libertex offers four account types.

What is the minimum deposit for Libertex?

The Libertex minimum deposit is $10.

How much is the Libertex inactivity fee?

The Libertex inactivity fee is $10 monthly after 90 days of account dormancy.

By DailyForex.com Team

The DailyForex.com team is comprised of analysts and researchers from around the world who watch the market throughout the day to provide you with unique perspectives and helpful analysis that can help improve your Forex trading.