Forex trading Reviews

Libertex is an online Forex and CFD broker, based in Limassol, Cyprus. It is one of the brokers with the most experience in the industry as it is a subsidiary of Libertex Group which was founded in 1997. The broker was nevertheless launched in 2015.

The online trading uk has a solid client base, with more than 2.2 million clients across the world. It is therefore a relatively popular broker, which has won quite a few accolades during its development.

365 Forex is a regulated aussie forex in Europe, notably by CySEC in Cyprus. This means that it complies with certain constraints in terms of regulation and protection of its customers. Its platform is well designed and suitable for novice traders. Professionals may find that she is not sufficiently equipped.

Forex New Zealand  offers a wide choice of assets on these different platforms which they own. forex no deposit bonus commissions are quite affordable with this broker. If you are looking for a regulated broker to trade trade online, Libertex will give you the tools you need to successfully carry out your investments.

Account opening

Emu Forex offers a demo account and a real account. Professional traders enjoy a few advantages.

To simplify its offers, forex hour only offers two types of accounts: the real account and the demo account .

Real account

Opening a real account with cfd trading is simple and completely dematerialized. The broker gives you access to your dashboard after giving your personal information. However, you will be required to verify your identity before you can deposit funds into your account.

Leverage is limited to a maximum of 1:30 for retail trader accounts, in accordance with the limits established by the ESMA (European Securities and Markets Authority).

Professional account

To benefit from leverage of up to 1: 600, you must opt ​​for professional status. To do this, you must be eligible for at least 2 of these 3 conditions:

  • Have traded high volume for one year, with at least 10 trades per quarter.
  • Have worked for a financial institution for at least one year.
  • Have a portfolio of € 500,000 in movable assets or more.

In general, professional traders do not enjoy protection against market volatility. However, best forex brokers canada offers its professional traders negative balance protection. Their count will never fall below zero. What can happen when you trade on margin.

However, professional traders on forex brokers usa cannot use the ICF mechanism, set up by CySEC (you will see this in the security section). In any case, such protection is totally useless, given the substantial volumes they trade.

The Libertex demo account

The forex Australia allows you to practice trading without risking your money. A fictitious capital is credited to your account. In this way, you will be able to trade with the real prices of the assets present on Maple Forex .

With the demo account, you can test the different functionalities of the platform. We recommend it if you are a beginner. By trading in demo, you will have an overview of forex brokers fees before going live.

trading online canada offers you a free demo account with $ 50,000 as soon as you open your account.

Deposit and withdrawal

Libertex is among the most competitive brokers when it comes to offering deposit and withdrawal methods. Just credit your account with € 100 to start trading.

The minimum deposit to open a trading uk account is € 100. This makes sense since this is the minimum amount to follow serious money management.

We appreciated the diversity of choices that Libertex offers to credit your account. Here are the deposit methods available to you.

Deposits

VISA and Mastercard debit or credit card deposits are accepted on Libertex. This is the fastest way to fund your account. Card deposits are limited to € 5,000.

For large deposits, bank transfer is recommended. Your funds will be available for trading after 3 to 5 days.

Skrill and Neteller wallet deposits are instant, but are limited to € 5,000.

trading platforms uk also offers instant deposit solutions by bank transfer with Sofort, Trustly, Giropay, iDEAL, P24, Multibanco and Rapid Transfer. These services only work with certain banks. You will therefore need to contact Libertex support for more information. There is no deposit fee using this method.

Withdrawal

Before being able to make a withdrawal, you must pass the KYC (Know Your Customer) of Libertex. It is a process by which the broker verifies your identity. As a financial institution, Libertex is required to verify your identity to comply with KYC and AML (Anti-Money Laundering) rules. We therefore recommend that you verify your account, even before making your first deposit.

For a card withdrawal, it can take up to 5 days for your funds to reach you. The card withdrawal fee is € 1. Withdrawals by transfer are accompanied by a 0.5% fee, with a ceiling set at € 10.

Withdrawals through Skrill and Neteller are quite quick. They are usually processed within 24 hours. Withdrawing through Skrill is free, but you will pay a 1% fee for Neteller.

It is important to note that you cannot make a withdrawal to Sofort, Trustly, Giropay, etc. You will therefore just make a withdrawal request by transfer.

Whether for deposits or withdrawals, the accounts used must be in your name.

Spread and commissions

No spread, but a commission is deducted from open positions. Trading costs are acceptable.

Unlike most online brokers, online trading does not charge a spread on the assets listed on its platform. However, the broker charges a commission on open positions. This is expressed as a percentage. In other words, it depends on the size of your position.

The commission at trading online uk is lower for the most traded assets such as EUR / USD. It is also variable and can increase considerably during calm periods such as after the close of US markets.

Below we have put the average commissions of a few of the most traded assets.

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