Libertex Fees – Overview

Since Libertex fees directly impact profitability and can reveal which strategies this broker supports and which remain discouraged, traders should carefully consider them. They represent the primary aspect of the competitiveness of the trading environment.

Our trading fees breakdown helps traders understand the Libertex cost structure and compare fees to other brokers. How competitive are the Libertex trading fees?

Overview of Libertex Fees and Charges

Libertex advertises commission-free trading on all assets from 0.0 pips. Actual Libertex trading fees are higher, but Libertex lacks pricing transparency.

Here is a snapshot of Libertex fees:

Libertex Fees, Spreads, and Commission Explained

All brokers charge frequent trading fees and less frequent non-trading fees. Traders should understand the Libertex fees to comprehend what they have to pay, why they have to pay, and how those costs compare to others.

Trading fees are:

• Spreads (the difference between the bid and the ask price of an asset, where Libertex advertises spreads between 0.0 and 0.2 pips without offering pricing transparency broken down by asset)
• Commissions (applicable but confusing and undisclosed)
• Swap rates (charged on leveraged overnight positions)
• Currency conversion fees (undisclosed at Libertex, but applicable if the asset currency and account base currency mismatch)

Non-trading fees are:

• Deposit fees (applicable and payment processor dependent)
• Withdrawal fees (applicable and processor dependent)
• Inactivity fees ($10 monthly after 90 days of dormancy)
• Currency conversion fees (undisclosed at Libertex but applicable if the deposit or withdrawal currency differs from the account base currency)

Libertex Trading Fees

Libertex trading fees apply to each transaction and are asset-dependent, but Libertex lacks full transparency.

Here is an overview of minimum Libertex trading fees:

Overnight Fees (Swap rates)

Swap rates are the most ignored trading costs, which may become the most significant fee per trade, dependent on the strategy. Swap rates apply on leveraged overnight positions, which triple on Wednesday to account for trades kept open over the weekend.

MT4/MT5 traders can easily access swap rates from their platform by following these steps:

1. Right-click the desired symbol in the Market Watch window and select Specification.
2. Scroll down until you see Swap Long and Swap Short.

Libertex Non-Trading Fees

They apply to deposits, withdrawals, and inactivity. Non-trading fees are notably less frequent, but traders should know about them to avoid confusion.

Currency Conversion Fees

Currency conversion fees belong to trading and non-trading fees and are the least visible. They apply each time Libertex exchanges one currency for another, including trading, and most traders are unaware of this hidden fee. Examples are trading British Pound-denominated assets from a US Dollar account or making a Swiss Franc deposit into a Euro base account. Libertex fails to detail them.

Libertex Deposit Fee

Libertex does not levy an internal deposit fee on bank wires, the most expensive method to deposit. It also waives any minimum deposit requirements and runs counter-intuitive to other brokers. Credit/debit card deposits incur a 2.50% fee with a $0.50 minimum charge. Libertex charges Skrill deposits a fee of 1.90% with a $0.50 minimum and Neteller 4.00% without a minimum.

Potential third-party costs may apply, and traders should contact their preferred payment processor or check the website for a detailed breakdown of fees and minimum transaction amounts.

Libertex Withdrawal Fee

Libertex lists a minimum withdrawal fee of 0.5% with a €2.00 minimum and a €10.00 maximum on its CySEC-regulated website but fails to list them on its international subsidiary. Libertex also levies a €1 flat-free on credit/debit card withdrawals and a 1.00% cost on Neteller.

Traders who request a Libertex withdrawal where the currency mismatches the account base currency, for example, requesting a Euro withdrawal from a US Dollar base account, may face a currency conversion cost, but Libertex lacks transparency concerning those fees.

Traders should also consider potential third-party payment processor fees and follow-on transaction costs.

Libertex Inactivity Fee

The Libertex inactivity fee applies after only 90 days of dormancy, a comparatively brief period compared to most competitors. Libertex levies a monthly $10 inactivity fee unless the trading account has less capital. The Libertex inactivity fee only applies to the CFD account, while the Libertex Portfolio account has no inactivity fee.

Libertex classifies a dormant account as one that has not recorded any trading or non-trading fees. Therefore, traders with leveraged positions will not pay the inactivity fee, but swap rates apply. Libertex does not state what happens with accounts after they reach a zero balance.

Libertex Safety and Security

Libertex ranks among the most-established brokers due to its operating history dating back to 1997. It caters to EU-based traders from its Cyprus subsidiary, and it has a representative office in Germany, Indication Investments LTD registered with the local regulator BaFin. International traders will deal with a jointly operated subsidiary of Forex Club International LLC and MAEX LTD.

Libertex offers negative balance protection to retail traders, segregates client deposits from corporate funds, and settles disputes via the Hong Kong-based Financial Commission.

Libertex has regulatory licenses from the:

• Financial Services Commission (FSC) in Mauritius
• Cyprus Securities and Exchange Commission (CySEC) in Cyprus

Bottom Line

Libertex has cheap trading fees on paper but lacks complete transparency for its core costs broken down by assets and occasionally contradicts them. It merely lists minimum spreads and mentions commissions for CFD trading.

Non-trading fees at Libertex are high and consist of internal deposit and withdrawal fees, inactivity charges, and potential currency conversion fees, which Libertex does not disclose.

Feel free to read our full broker review of Libertex.

FAQs

Does Libertex charge raw account commission?

Libertex does not have a raw account.

Does Libertex charge inactivity fees?

The $10 monthly inactivity fee applies after just 90 days of dormancy.

When does Libertex charge fees?

Libertex spreads apply immediately once a trader opens a position, but swap rates on leveraged overnight positions only after the cut-off time. Commissions, if they exist, when traders buy and sell assets. Libertex does not mention how it manages currency conversion fees.

How much does Libertex charge for withdrawal?

The internal Libertex withdrawal fee depends on the payment processors and the operating subsidiary.

What trading fees does Libertex charge?

Libertex charges spreads and swap rates on leveraged overnight positions. Commissions and currency conversion fees may apply, but Libertex lacks clarity on either cost.

Does Libertex charge a monthly fee?

The only monthly fee at Libertex is an inactivity fee after 90 days of dormancy.

Does Libertex charge commissions?

The Libertex Portfolio account is commission-free, but the CFD account may incur commissions. Libertex lacks transparency and contradicts the existence of commissions across its product description.

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