Worked example
Practising on Libertex's numbers
This is an exercise sheet, not a review. We are going to take three things that Libertex publishes — a spread, a ladder of account types and a list of licences — and turn each of them into something you can do arithmetic with. By the end you should be able to repeat the whole exercise on any firm you come across, which is the actual skill being taught.
The figures we are working from
Nothing below is our estimate. Where a firm has not published something, or we could not read it on a source we trust, the box says so instead of guessing — a habit worth copying when you build your own broker notes.
Exercise one — turn the spread into money
Libertex does not publish a EUR/USD spread we were able to verify, so there is no honest arithmetic to do on this page. Do not substitute a number you read on a comparison site: an unverified spread quietly becomes an unverified cost, and then an unverified plan. Use one of the other examples on the practice index for this exercise and come back to this file for the account ladder below.
Exercise two — read the account ladder
Account tiers are a pricing structure dressed as a status ladder. Libertex offers 2 rungs. Read them as a question — what does each rung ask of me, and what does it give back? — rather than as a set of prizes to climb towards.
- Libertex CFDThe entry rung. Whatever the published spread applies to, it is almost always this one — so this is the rung your arithmetic above describes.
- Libertex PortfolioA higher rung usually trades a tighter spread for a commission, a larger deposit, or a status test. Convert both pricing models to money per lot before you decide either is cheaper.
Account names as published: Libertex CFD, Libertex Portfolio. Platforms listed: Libertex proprietary platform, MT4, MT5.
Exercise three — what this licence list means for you
A long licence list is not automatically a good sign. What matters to a beginner is a narrower question: which entity would hold my money, and who supervises that entity? Those are often not the same as the impressive name at the top of the list. Here are Libertex's lines, each with a plain reading.
| Regulator | Entity on the register | Number | What that means for a beginner |
|---|---|---|---|
| CySEC · Cyprus | Indication Investments Ltd | 164/12 | a mid-tier regulator: real supervision and a register, usually with a smaller or capped compensation scheme |
No top-tier line appears on this file. That does not make the firm illegitimate, but it does mean the compensation-scheme and capital-rule protections a beginner usually assumes are present are not evidenced here.
The record behind these numbers
- Libertex states that in Europe the Libertex trading platform is used by Indication Investments Ltd, a Cyprus Investment Firm regulated by CySEC under CIF licence 164/12.
- Libertex's terms-and-fees page states maximum retail leverage of 1:30, consistent with ESMA/CySEC retail limits.
- Libertex is part of the wider Forex Club group; press material issued on the brand's behalf states the group was founded in 1997.
- The Libertex platform charges a commission-based rather than purely spread-based fee model on its CFD account.
What we could not verify
The following are unconfirmed and are deliberately left blank rather than estimated: founded (brand launch year vs group founding year not separated from a primary source); spreadEurusd; segregatedFunds; publiclyListed; non-EU Libertex entity, if any; minDeposit (€100 figure taken from secondary review sources). Confidence in this file overall: medium. When you build your own notes on a firm, keep a list like this one — the gaps are more useful than the figures, because they tell you what to go and check.
Run the same exercise on another firm
PipMentor does not rank brokers, does not award badges and does not tell you where to open an account. This page exists so the arithmetic you learn in the curriculum has real numbers to bite on.