Libertex Journal

Journal status: live
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Libertex Profile
Website
Year
1997
Country
Cyprus
Branches
1
Regulation
CySEC Cyprus
Registration
CySEC Cyprus, Financialcommission.org
Investor protection
Fund protection
Cyprus Investor Compensation Fund (ICF), Financialcommission.org
Publicly traded
no
Restricted in
Not serving
х US
Broker type
MM
Dealing book
B-book
Tier
3
Execution speed
...
LPs total
0
LPs quality
none
LPs names
none

Libertex Accounts
MM
Minimum Deposit
1 $
Leverage
500 : 1
Minimum Lot
0.0002 lots
EURUSD spread
0 pips
Commission
22 $/lotRT
Volume
10 lots
Margin Call
50 %
Stop Out
50 %
Execution
Market
Spread
floating
Scalping
no
Deposit & Fees
Deposit methods
Bank Wire, Credit Card, Debit Card, Skrill, Sofort, Neteller, Giropay, Trustly, IDEAL, Przelewy24, Multibanco, Rapid Transfer, PayPal, Teleingreso, Jeton
Base currency
USD
Segregated accounts
yes
Interest on margin
no
Inactivity fee
after 6 months
Update broker

Is Libertex safe?

  • Investor protection: Cyprus Investor Compensation Fund (ICF), Financialcommission.org
  • Regulation: CySEC Cyprus
  • Registration: CySEC Cyprus, Financialcommission.org
  • Publicly traded: no
  • Segregated account: yes
  • Guaranteed Stop Loss: no
  • Negative Balance Protection: yes

Is Libertex trusted?

  • Information transparency: high ★★★★★
  • Customer service: prompt, helpful ★★★★★
  • Libertex website: uninformative, updated ★★
  • Libertex popularity (by visitor count): top visited ★★★★★

How Libertex works



NDD (No Dealing Desk) — client's orders are executed without dealer's intervention


The Company executes Client Orders in CFDs as a principal to principal towards the Client, i.e. the Company is the sole Execution Venue (as defined in Commission Directive 2006/73/EC implementing MiFID) for the execution of the Client’s Order. Hence, Client Trading Accounts offered by the Company may fall under a Dealing Desk Execution Model. When the Company executes Client Orders as a principal to principal, it faces market maker risk.

There are instances however, where the Company may decide at its own discretion to place an order for execution to a third party Execution Venue i.e. the Company is not the Execution Venue for the execution of the Client’s Orders. The Company transmits Client Orders or arranges for their execution with a third party (ies) known as Straight Trough Processing (STP). Such arrangement can be made to manage the Company’s risk and it shall not jeopardize the quality of execution of the Client’s order while all abovementioned best execution criteria/factors shall be followed/applied.


6.9. Model of Execution
In relation to each Transaction, the Company will execute the Client Orders on its own account basis. Under this model of execution, the Company is a counterparty against the Client in each Transaction and executes the Client Order as a principal to principal against the Client, i.e. the Company is itself the Execution Venue. The Company executes Client Orders according to the Summary Best Interest and Order Execution Policy, available on our Website.

Abusive Trading: Any of the following actions such as, but not limited to Sniping; placing “buy stop” or “sell stop” Orders prior to the release of financial data and news related to the Underlying Market/Asset; arbitrage;



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