So, you've decided to make the leap into trading and investing? Great! Now, all you have to do is pick a reliable broker. It might seem like an easy enough task, but with the massive growth in the online brokerage industry, it can sometimes be hard to sort the wheat from the chaff and the straight shooters from the shysters. That's why it's always wise to back experience, and you'd be hard-pressed to find a company with a longer track record of client satisfaction than Libertex. Our near quarter-century in the business has helped us develop a multi-award-winning platform with an unrivalled level of security and functionality. What's more, our commission structure and spreads are some of the lowest around. If you're ready to join the global army of satisfied Libertex clients, read on as we explain step-by-step how to create, manage and get the most out of a Libertex trading or investment account.
Downloading the app and creating your account
We like to think of the Libertex platform as our crowning glory. With Libertex winning Best Trading Platform and Best Trading App awards on numerous occasions throughout the years, it's safe to say that both our clients and the industry at large would agree. In addition to our web-based platform, Libertex also offers a choice of Android- and iOS- optimised apps. To download one of the apps, simply go to the Google Play or Apple App Store (depending on your device) and search for "Libertex", as shown below:
Once you've done that, all that's left is to provide your e-mail address and create a password in the pop-up menu that will then appear. This can also be done on a desktop computer directly from the website www.libertex.org:
When that's done, you'll need to select your desired account type: a standard Libertex trading account or the new Libertex Portfolio investment account:
Libertex Portfolio comes with zero commission, no SWAPS, and no stop-outs, which makes it perfect for long-term investors who don't plan on trading actively. This account type is only available for non-leveraged stock purchases, however, so those who wish to trade commodities and crypto or use leverage would be better served by a Libertex standard account.
When you've entered the required information, and your account is activated, you can get down to work right away. You'll later be asked to provide proof of identity before you can withdraw any profits, but this is all that's required to fund your account and start trading.
How to deposit funds
Adding funds to your Libertex account really couldn't be easier. We support a wide range of deposit methods, from standard debit and credit card payments all the way to electronic solutions such as Skrill, WebMoney, PayPal, and even cryptocurrency transfers. To make a deposit, sign in to your account and click the "Deposit" button in the top right-hand corner of the platform home screen shown below:
Once you've done that, an on-screen dialogue box will appear, where you can select your deposit method, amount, and any additional required information based on your deposit type (e.g., crypto wallet address, bank account number, etc.), with all commission payable clearly displayed prior to completing the transaction:
Making your first trade
Taking the plunge and buying your first financial instrument can seem a bit daunting at first, but with Libertex, it's actually quite simple. It's probably wise to start with a fairly well-known asset class, such as stocks, indices or traditional currencies. To keep it simple, we'll use one of the most famous companies in the world as an example: Amazon.
First, we need to access stocks, which can be found by clicking the "All Instruments" button in the top-left-hand corner of the platform's home screen:
Then, a list of available stocks will appear from which we need to select Amazon (highlighted below):
When you click that, a new screen will load containing an interactive chart, access to news and signals, and the buttons that you'll need to make your trade. As we've already mentioned, it's good to keep it simple for your first trade, so let's make it a standard "buy" transaction:
After you hit "Buy", the trading interface window will open, prompting you for your trade parameters:
When you're happy with all the parameters, simply hit the green "Buy" button at the bottom of the screen to complete your transaction. Congratulations! You just made your first trade. Now, that wasn't so difficult, was it?
After getting a few simple stock or forex buys under your belt, you can start experimenting with short positions ("Sell" trades") and even options. Thanks to Libertex's intuitive and easy-to-navigate app, you'll be an expert before you know it.
Trade with Libertex now
We hope you found this guide useful as you navigate your first steps into the world of trading and investing. There are a wealth of video tutorials and detailed explainers available via our Trading Academy, so be sure to sign up and complete our free training before starting to trade for real. You can even practice on your very own free demo account, which comes loaded with $50,000 in virtual funds. For more information or to create an account, visit www.libertex.org today!