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Forex Club Libertex REVIEW
Created for efficient Forex, CFD, Binary Options and Bitcoin trading
Forex Club Libertex is a new breakthrough CySEC-regulated trading platform
Read 100% Free Forex Club Libertex Review by Scamorno Team
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FULL REVIEW OF Forex Club Libertex
Forex Club Libertex is the brand for the trading platform and brokerage service from the Indication Investments Ltd, a part of the Forex Club Group, which is based in the Russian Federation. Forex Club Group was founded in 1997 and now offers clients online broking services for forex, indices, precious metals, soft and energy commodities, cryptocurrencies, and stocks.
Forex Club Libertex presently has over 2.2 million customers trading from 27 countries around the world. The company employs about 700 people that staff their company’s offices, which are in Cyprus, the Russian Federation and Belarus. Also, Forex Club Libertex runs a unit in St. Vincent and the Grenadines. Libertex has collected 30 international awards and counting so far.
Is Forex Club Libertex System Suitable For You?
First ofall, be aware that Libertex does not accept U.S. clients. If you are a person based in the United States, you must find another broker.
The company makes 150 different asset classes available to its clients for trading, which include 44 major, minor and exotic currency pairs; world stocks including Google, Apple Inc. and Rio Tinto; cryptocurrencies such as Bitcoin, Bitcoin Cash and Litecoin; commodities such as coffee, cocoa, corn, wheat and soybeans; and 17 of the world’s most actively traded stock indexes.
Before opening a Forex Club Libertex live account, a trader should consider several key issues with the company. The first is that this company charges a commission on every transaction. For instance, if the trader wanted to buy or sell EUR/USD, Libertex would charge a commission of 0.011% on the monetary value of the trade. This is compensated for by deal execution that takes place at the prevailing mid-market price.
Libertex’s tradable assets all carry a similar fee which varies significantly depending on the asset. The lowest commission in forex is for EUR/USD among the major currency pairs, while the most expensive commission for currencies is charged for transactions in USD/RUB, which has a commission of 0.41% per transaction. The 2nd highest is EUR/RUB, which has a charge of 0.386%. The highest commissions at Libertex right now are for cryptocurrency trades, with charges of 1.02% on Litecoin, 1.0% on Bitcoin, and 0.91% on Bitcoin-Cash.
Review of Forex Club Libertex’s Trading Platform
Forex Club Libertex employs their own proprietary trading platform. This web-based platform is very user-friendly and easy to navigate. Once the live account has been opened, the trader can pick an asset type, select the quantity of funds to commit on the trade, and then decide whether the market will rise or fall.
Due to the nature of the account, the use of the unique multiplier, and the lack of dealer spreads; variables like margin, leverage and dealing spreads are inconsequential, thereby making for a more efficient execution. Forex Club Libertex’s platform comes complete with a technical analysis component that features indicators divided into Volatility, Trend and Oscillator types.
Review Verdict: Forex Club Libertex is a legitimate platform that works
Consumer Fraud Alert Regarding Forex Club Libertex
The success of Forex Club Libertex has given rise to many frauds who try to sell their own fake platforms in its name. This is a big issue as many customers have lost their money in buying from such fake sites. It is advised that customers should be really careful when they are purchasing and should do some research before they buy from any website. To spot these, watch out and avoid sites that claim to write about Forex Club Libertex, yet the write-up is completely garbage as they are created by software and spammed all over the internet. It is always better to avoid buying from any other site other than the official one. Therefore, it is highly advised that consumers do careful research, or only buy from the site from the official website here – http://ForexClubLibertexOfficial.com/ (link opens in a new window). The official website that they have includes the legitimate platform.
Conclusion about Forex Club Libertex
We have found Forex Club Libertex appears to be an efficient forex broker that is regulated by CySEC, which helps ensure the safety of client funds, which are kept in segregated accounts under its regulation by CySEC. Another advantage is the company’s award-winning trading platform, complemented with its excellent news feed, and the company’s limits on client risk exposure.
On the downside, the lack of support for MetaTrader4 is a deal breaker for many traders, especially those who are looking to automate trading plans, run EAs or create custom indicators. The lack of substantial customer support and educational resources could be another disadvantage, particularly for more beginner type traders. Nevertheless, its fixed commission schedule and multiplier can be an advantage or a disadvantage, depending on the trader.
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