Libertex

Libertex broker is one of the brands under Libertex Group, which has been operating since 1997 and today serves clients in Europe and the rest of the world through two separate domains. This broker offers forex, stocks, cryptocurrencies, commodities and ETFs for trading. In this overview, the Teagle editorial team has reviewed Libertex's licenses, accounts, payment fees, ratings and service availability for Iranians based on recorded data.

What kind of broker is Libertex?

With about 29 years of history, Libertex is one of the oldest names in the retail forex and CFD market and, according to its own description, has millions of clients in various countries. In Teagle's data, the company is registered in Saint Vincent and the Grenadines. Its service structure has two parts: the libertex.com domain for European clients and the libertex.org domain for other countries. Expert advisors, scalping, hedging, news trading and phone trading are among the features recorded for this broker.

Libertex broker licenses and credibility

According to Teagle's latest review, Libertex holds two active licenses:

• CySEC Cyprus: number 164/12, status active; an onshore license covering the European domain libertex.com.
• FSA Saint Vincent and the Grenadines: number 1277 LLC 2021, status active; a weak offshore license backing the international domain libertex.org.

The key point is that Libertex's credibility for each user depends on the legal entity under which their account is opened. A non-European client effectively falls under offshore supervision in Saint Vincent, not CySEC. To understand the difference in the level of protection between the two, read the article broker regulation and how it is graded .

Does Libertex serve Iranians?

No. According to an inquiry by Teagle's experts with support, Libertex does not serve users residing in Iran. The stated reason is that the broker does not provide services to countries considered high-risk by the FATF, and Iran falls into this category. In addition, there is no Persian website or support, and identity verification requirements and geographic restrictions make legally opening an account impossible for residents of Iran. Before choosing any foreign broker, review the criteria for choosing a safe broker for Iranians .

Libertex trading accounts

Libertex has only two account types, and the lack of account variety is one of its recorded drawbacks:

• Libertex Portfolio account: for investing in stocks and exchange-traded funds; minimum deposit $50, zero spread, no commission and no leverage.
• Libertex CFD account: for trading currency pairs, stocks, indices, commodities and cryptocurrencies; minimum deposit $50, floating spread, commission charged, maximum leverage 1:1000 and a margin call level of 100%.

According to the accounts table, neither has an Islamic (swap-free) version, and no requotes are recorded. The spread and stop-out level of the CFD account were not found in official sources, so you should gauge its real cost on a demo account or by inquiry. The Portfolio account is attractive for those who want to buy stocks or ETFs without leverage.

Libertex platforms and services

Trading at Libertex is done on MetaTrader 4, MetaTrader 5 and the proprietary Libertex platform, and Windows, Mac, Android and iOS versions of MetaTrader are available. Additional services include bonuses, education, copy trading, social trading and an economic calendar. If the difference between the last two isn't clear to you, see the article the difference between social trading and copy trading .

Deposits and withdrawals at Libertex

The minimum deposit is $50 for all methods, although support has said this amount may vary depending on region and payment method. Deposits are free with most methods, but withdrawals carry fees:

• Bank transfer: deposits and withdrawals take 3 to 5 business days, withdrawal fee $29.
• Cryptocurrency: deposits within 1 hour, withdrawals within a few hours with a fee of 0.1% plus $5.
• Skrill and Neteller: instant deposits and free withdrawals within 24 hours.
• Bank card: instant deposits, withdrawals in 1 to 5 business days with a $2 fee.
• Local banking: withdrawals in 1 to 3 business days with a fee of 2.5% plus $5; online banking also has a deposit fee of up to 6%.

Libertex rating and risk on Teagle

Libertex's final rating on Teagle is 3.23 out of 5: Trustpilot 3.9, WikiFX 3.75 and Forex Peace Army 2.039; no user has posted a review for it on Teagle yet. Libertex's Teagle Eye risk score is 33 out of 100, in the "low to medium risk" category. Its 29-year history and CySEC license have lowered the risk, while the offshore license and low Forex Peace Army rating have raised it. See where low-risk brokers stand in the ranking of the lowest-risk brokers .

Pros and cons of Libertex broker

• Pro: more than two decades of operation and a CySEC license for Europe
• Pro: support for MetaTrader 4 and 5 and a proprietary platform
• Pro: responsive support and a leverage-free investment account
• Con: no service for residents of Iran and no Persian language
• Con: little variety in account types and no Islamic account
• Con: withdrawal fees on most methods

Who is Libertex suitable for?

According to Teagle's expert, Libertex suits those looking for a wide range of instruments and trading platforms who legally live outside Iran. It is not suitable for users residing in Iran or those who want more account variety. To weigh it against a competitor with strong social trading, see the Libertex vs eToro comparison .

Conclusion

Libertex broker has a long history and a dual regulatory structure, but it is not available to Iranians. If you are outside Iran, check which entity your account will be opened under, start with a small amount, factor withdrawal fees into your calculations, make a test withdrawal and follow the latest warnings on the risk warnings page .