Cryptocurrency and CFD Trading with Libertex in Benin
With over 2.2 million clients since it was founded in 1997, Libertex is a highly popular broker among young Traders, The company has been recognized several times by industry experts as one of the leading international online investment firms.
Libertex is available in Benin, offering leveraged CFDs on Shares, Forex, Cryptocurrencies, Indices, ETFs and Commodities. Among its platform offerings, users are able to trade via MetaTrader 4, one the most popular platforms worldwide. Libertex is without a doubt, one of the most popular platforms for Cryptocurrency trading, since it offers over 40 crypto related instruments.
At the moment, the African continent is one of the fastest growing regions in terms of number of new traders. This is why Libertex is focusing their efforts to acquire new clients residing in Benin by offering webinars, live market analysis and daily trading updates among other useful tools.
Is Libertex a trustworthy Broker?
Libertex is a broker regulated in Cyprus, one of the leading European Union jurisdictions for Forex and CFD Brokers. The Cypriot regulator is CySec (Cyprus Stock Market Commission), and it has issued license 164/12 to Indication Investments Ltd a Cyprus Investment Firmoperating Libertex’ platforms. Among some of the measures that Libertex has to comply with is the fact that the broker has to segregate client’s funds to a separate bank account from the one used by the company. This means that client’s funds are off the balance sheet and cannot be used by Libertex. This is a very important fact when trading financial instruments, for this reason it is safe to state that Libertex can be considered as a reliable Broker.
Libertex Trading Platforms
Libertex allows trading through 2 different platforms:
Libertex Trading Platform: Libertex Trading platform was developed internally, and it’s a web based, easy to use platform that allows building and editing trading lists, but the most interesting feature is that it allows users to customize the view of the platform with instruments, lists or graphs.
Metatrader 4: MT4 is one of the most widely used [and complete] platforms to trade Forex. MT4 connects different Brokers to get the best prices available. MT4 is a downloadable app that is available when trading with Libertex.
Financial Instruments offered by Libertex
Libertex platforms offer the following trading instruments:
Cryptocurrencies: +40 available cryptocurrencies and crypto related instruments.
Forex: +28 Currency Pairs, including Majors and minors and 21 exotics.
Shares: +50 CFDs on Stocks from the Top US and European Companies.
ETFs: 10 CFDs on Top ETFs mainly from iShares.
Commodities: Libertex offers CFDs on several commodities, 5 Metals, 6 Agricultural and 5 from the Energy sector.
Indices: CFDs on +14 major stock exchanges indices.
50% Discount on commissions for New Traders in Benin
Only available for new clients, Libertex offers a 50% discount on commissions: A very interesting benefit, especially for those traders who decide to trade financial instruments with smaller amounts, since commissions impact directly on each trade's benefit.
Opening a Trading Account with Libertex
Opening a Crypto and CFD trading account with Libertex from Benin is a process that is carried out online and takes only a few minutes: The process is simple and requires: (a) a Valid ID and (b) a proof of address (electricity, water bills, etc.), which are scanned through the platform. Libertex allows deposits from:
Credit Cards (Visa and Mastercard)
eWallets: Skrill, Neteller, iDeal, Trustly, GiroPay, Sofort, Przelewy, RapidTransfer, Teleingreso.
Withdrawals can be made to Credit Cards, Bank Accounts, Skrill (Free) and Neteller accounts. Libertex does not charge commisions to deposit funds, and the minimum amount is USD 10. Once the deposit has been applied to the account (with any of the abovementioned payment methods) the user is able to start trading straight away. It is important to emphasize that Libertex’ simulator is totally free, that is, you can try a Demo account, test the platform and then decide whether to deposit funds or not.