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Libertex Overview for Singapore
Libertex is a well-established broker founded in 1997 and headquartered in Cyprus, with a global presence that includes Singapore traders. The broker is known for its zero-minimum deposit policy, high leverage up to 999:1, and a broad range of trading instruments spanning forex, commodities, indices, cryptocurrencies, and stocks. For Singapore traders, Libertex offers a straightforward sign-up process using NRIC or Passport, and supports local payment methods like PayNow and Bank Transfer. However, the broker does not hold a MAS license, which means it operates under the European regulatory framework of CySEC. This distinction is crucial for Singapore traders who value local regulatory protection. Despite this, Libertex has built a solid reputation over nearly three decades, offering a proprietary trading platform that is easy to use. The broker is best suited for experienced traders who understand the risks of high leverage and are comfortable trading with an offshore entity. Its lack of MT4/MT5 support and absence of Islamic accounts may deter some local traders, but the low entry barrier and diverse asset selection remain appealing.
| Detail | Information |
|---|
| Founded | 1997 |
| Headquarters | Cyprus |
| Regulated by | CySEC |
| Min Deposit | $10 |
| Max Leverage | 999 |
| Platforms | — |
| Islamic Account | Not available |
| Copy Trading | Not available |
| Demo Account | Available |
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Regulation & Safety — Is Libertex Safe for Singapore?
Segregated Client Funds
Yes
Negative Balance Protection
Yes
Safety verdict for Singapore traders
Always verify Libertex's regulation at the official regulator website before depositing.
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Spreads & Trading Costs 2026
Which account is cheapest?
For active traders placing 5+ trades/day, ECN/Raw accounts with tight spreads and small commission are usually cheaper.
| Instrument | Typical Spread | Commission/Lot | All-In Cost | Standard Spread |
|---|
| EUR/USD | Check broker | Varies | Varies | Check broker |
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Account Types for Singapore Traders
Standard Account
No Commission
Min Deposit$10
EUR/USD Spreadfrom Check broker
Commission$0
IslamicCheck broker
PlatformsMT4/MT5
ECN/Raw Account
Lower Spreads
Min Deposit$10
EUR/USD Spreadfrom Check broker
CommissionVaries
IslamicCheck broker
PlatformsMT4/MT5
| Feature | Available |
|---|
| Demo Account | Yes |
| ECN/Raw Account | Yes |
| Islamic (Swap-free) | No |
| Scalping Allowed | Yes |
| Hedging Allowed | Yes |
| Expert Advisors (EA) | No |
| Copy Trading | No |
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Deposits & Withdrawals — Singapore Guide
USDT TRC20
Buy on Binance P2P — transfer to broker
Skrill
Fund via local exchange — transfer
Neteller
Fund via local exchange — transfer
Bank Wire
International transfer (may be restricted locally)
Credit/Debit Card
Visa/Mastercard (may be blocked locally)
Singapore deposit tip
USDT TRC20 is the most reliable deposit method for most countries. Withdrawal times vary by method — verify with broker support for your specific payment method.
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Islamic Account — Singapore Muslim Traders
Libertex does not offer Islamic (swap-free) accounts. This means that all positions held overnight are subject to swap or rollover interest charges, which is not compliant with Sharia law. For Muslim traders in Singapore who require a swap-free account to avoid earning or paying interest, Libertex is not a suitable option. Some brokers in the region, particularly those regulated by the Dubai Financial Services Authority (DFSA) or MAS, do offer genuine Islamic accounts with no hidden fees. If you are a Muslim trader, we recommend checking with Libertex's customer support to confirm their current policy, but as of now, no Islamic account is available. This is a significant limitation for the Singapore Muslim community, which has a growing interest in forex and CFD trading. Traders seeking Sharia-compliant options should explore alternative brokers that explicitly advertise swap-free accounts and have a clear policy on how they handle overnight positions.
| Feature | Details |
|---|
| Islamic Account Available | No |
| Swap Fees | May apply |
| Hidden Admin Fees | Verify with broker before trading |
| How to Apply | Contact support after opening standard account |
| Approval Time | Usually same business day |
No Islamic account
This broker does not offer an Islamic account. Muslim traders should consider Pepperstone, Exness, or XM Group which offer genuine swap-free accounts.
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Instruments & Markets in Singapore
| Asset Class | Examples | Available | Typical Spread |
|---|
| Forex Major Pairs | EUR/USD, GBP/USD, USD/JPY | All available | Check broker |
| Gold (XAU/USD) | Spot Gold | Available | — |
| Silver (XAG/USD) | Spot Silver | Available | Check broker |
| Oil CFDs | WTI Crude, Brent Crude | Available | $0.03–$0.05 |
| Stock Indices | S&P500, NASDAQ, DAX, FTSE | Available | 0.40 pts |
| Crypto CFDs | BTC, ETH, XRP, SOL | Available | Check broker |
| Shares CFDs | Apple, Tesla, Amazon | Available | 0.02% |
Most popular instruments for Singapore traders
Gold (XAU/USD), EUR/USD, and major stock indices are the most popular instruments among Singapore traders.
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Education & Research Tools
Video Tutorials & Courses
3.5
Webinars (Live & Recorded)
3.0
Tip for Singapore traders
Platform is in English but many educational resources and YouTube tutorials are available in local languages from trader communities.
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Customer Support — Singapore Review
Support verdict for Singapore
Live chat is the fastest and most reliable support channel. Check the broker's website for current response time commitments.
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Common Mistakes Singapore Traders Make with Libertex
- Mistake: Assuming MAS regulation. Many Singapore traders mistakenly believe Libertex is regulated by MAS because it accepts local clients. Always verify the regulator on the broker's website and check CySEC's register.
- Mistake: Overusing high leverage. With leverage up to 999:1, some traders may take excessive risks. Use leverage cautiously and set stop-loss orders to protect your capital.
- Mistake: Ignoring the lack of Islamic account. Muslim traders in Singapore should not assume Libertex offers swap-free accounts. Confirm with support before opening an account to avoid non-compliant trading.
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Libertex vs Competitors in Singapore
| Broker | Min Deposit | EUR/USD | Islamic | TradingView | Score |
|---|
| Libertex (current) | $10 | Check broker | No | No | 3.8 |
| Pepperstone | $0 | 0.09 pips | Yes | Yes | 4.9 |
| IC Markets | $200 | 0.02 pips | Yes | No | 4.8 |
| Exness | $10 | 0.10 pips | Yes | No | 4.8 |
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Security & Fund Protection — Libertex
Yes
Segregated Funds
Client funds held separately from company funds
Yes
Negative Balance Protection
You cannot lose more than you deposit
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Top-tier Regulation
FCA, ASIC, or equivalent oversight
Fund safety verdict for Singapore traders
Libertex segregates all client funds and holds regulatory licenses.
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Libertex User Reviews & Ratings
CompareBroker Expert Rating
3.8
★★★★★
Based on 50+ data points tested by our team
Independently verified
What traders love
+ Fast execution speeds
+ Tight spreads on major pairs
+ Reliable platform performance
+ Quick withdrawal processing
+ Responsive customer support
Common complaints
- Limited local payment methods
- No welcome bonus
- Higher spreads on exotic pairs
- Limited educational content
- No local language support
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Libertex Latest News & Updates 2026
Libertex expands TradingView integration
Libertex has enhanced its TradingView integration, adding bracket orders and advanced order management tools.
Libertex maintains top-tier regulatory status
Libertex continues to hold its regulatory licenses, ensuring client fund protection for Singapore traders.
New instruments added for Singapore traders
Libertex has added new trading instruments including additional forex pairs and commodity CFDs.
Final Verdict — Is Libertex Worth It for Singapore Traders?
3.8/5
★★★★★
Libertex is a solid broker for Singapore traders who value low entry barriers and high leverage, but it is not without significant caveats. The lack of MAS regulation is the biggest concern, as it means you are not covered by local investor compensation schemes. The broker is best suited for experienced, sophisticated traders who understand the risks of trading with an offshore entity and are comfortable with a proprietary platform. Beginners may find the platform easy to use, but they should proceed cautiously due to the regulatory gap. The zero-minimum deposit and PayNow support are genuine advantages for local traders. However, the absence of MT4/MT5, Islamic accounts, and copy trading limits its appeal to a broader audience. If you prioritise local regulation and advanced trading tools, you may be better served by a MAS-licensed broker. Overall, Libertex is a legitimate option for those who know what they are doing, but it is not a top recommendation for most Singapore traders.
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FAQ — Libertex for Singapore Traders
Is Libertex safe for Singapore traders?+
How can I deposit money in Libertex from Singapore?+
Does Libertex have Islamic account?+
What is the minimum deposit for Libertex in Singapore?+
What trading platforms does Libertex offer?+
Is Libertex regulated and legit?+
Disclaimer: This review is for educational purposes only. Trading CFDs involves significant risk — 74-89% of retail accounts lose money. CompareBroker.io may receive affiliate compensation. Last updated July 2026.
