LibertEx is the trading name of Indication Investments Ltd, which is a member of Forex Club group. Indication Investments Ltd. is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC) and offers its own platform for online trading.
After logging into the platform, the default workspace is loaded consisting of three sections. The instrument list section is on the left side of the platform. All instruments available for trading are represented in groups – popular, top rising and falling, currencies, indices, oil and gas, metals and shares. Clicking on the buttons with their names shows the corresponding list. Instruments can be found by typing their names in the search field above. Each row of the list displays the symbol name, its price and the daily price change. It should be noted that there is only one price shown, so the offered spread is zero. Instead, there is a commission for each deal taken as a percentage of the amount traded. The company claims to offer ‘mid’ prices calculated as average of current bid and ask prices of its liquidity providers. News window is below that section.
Left clicking on the desired instrument from the list shows its chart to the right window. Charts can be displayed as candles (normal and Heikin Ashi), bars or a line. There are nine time-frames – from 1 minute to 1 month. Zooming is done using buttons or the mouse scroll wheel. The window can be maximized to occupy the entire screen. The price axis (Y) can be displayed as a logarithmic scale and the timeline (X) can display candles up to 5 years back.
There is an Open Trade button above charts. It is used for placing orders. Clicking on it opens the orders window. Here the desired leverage can be set (multiplier) – from 1:1 to 1:500. Stop loss and take profit levels of the market order can be predefined here (instant execution model), in the Now tab. The other tab is ‘At the price’ and is used for placing pending orders. Buy and Sell buttons are on the bottom of this window.
Account window is hidden by default and can be opened from the top right button. It occupies the right part of the workspace and informs about account balance and open positions. They can be modified and closed here. Closed deals and pending orders can be viewed by clicking on the button Report.