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Score

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/10
The WikiFX Score of this broker is reduced because of too many complaints!

Libertex

Cyprus|10-15 years|
Regulated in Cyprus|Market Making(MM)|White label MT4|Global Business|High potential risk|

https://libertex.org/

Website

Rating Index

MT4/5 Identification

MT4/5

White Label

ForexClub-MT4 Demo Server

Russia
MT4
91

Influence

C

Influence index NO.1

French Polynesia 3.50
The WikiFX Score of this broker is reduced because of too many complaints!

MT4/5 Identification

MT4/5 Identification

White Label

91
Server Name
ForexClub-MT4 Demo Server MT4
Server Location Russia

Influence

Influence

C

Influence index NO.1

French Polynesia 3.50
Surpassed 64.70% brokers
Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

info@libertex.com
https://libertex.org/
Kennedy, 12, KENNEDY BUSINESS CENTRE, Floor 2, 1087, Nicosia, Cyprus
https://www.linkedin.com/company/libertex-group/?_ga=2.136229108.497867236.1631088129-1995757876.1631088129

Licenses

Licensed Institution:Indication Investments Ltd

License No.:164/12

VPS Standard
*No restriction on the broker account

Single Core

1G

40G

1M*ADSL

Open
WikiFX Risk Alerts
2024-12-24
  • The number of the complaints received by WikiFX have reached 35 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

Basic information

Registered region
Cyprus
Operating period
10-15 years
Company Name
Forex Club International LLC
Abbreviation
Libertex
Company employee
--
Customer Service Email Address
info@libertex.com
Company website
Company address
Kennedy, 12, KENNEDY BUSINESS CENTRE, Floor 2, 1087, Nicosia, Cyprus

FX1990527611

Malaysia

I try deposit small amount 30u and registered an account with support doc. after a week ask for withdrawal and need to wait for 1day processing, after a day email asking support doc??? pls alert 🚨Scammer!!!! Money in easy, Money out hard (a lot occur n issued)

Exposure

11-07

FX1055620032

Ireland

I made the deposit and it told me that I had to verify, I sent everything required and then they blocked it.

Exposure

10-27

FX1539759420

Colombia

It's a scam, they make promises to deposit money, but they don't let you withdraw, they impose conditions, they put a condition on me that I had to earn 8000 USD and additionally I have to trade as they say. And if you don't follow instructions, they won't let you withdraw, all of this is so that one loses money in the accounts.

Exposure

10-12

FX1534366870

Mexico

I was working with the Libertex broker and I hadn't had any problems, I could deposit and withdraw without any issues. However, my profits were less than $1,000.00 USD. But as soon as I managed to make profits, I have $3141.52 USD in my account and since Friday, September 19, 2024, my withdrawal has not been processed. On Tuesday, September 24, 2024, after calling, I received a notification stating that my account was not verified. So I uploaded the verification data. And it said that I would receive a response within 1 to 2 business days. The next day, Wednesday, September 25, 2024, I logged into the application and there was a notification stating that if I didn't add a screenshot of the payment method showing the name of their company, the amount of money deposited, date and time, my email address, the link of the platform where the payment was made, and the logo of the company I used to make the payment, my account would be suspended.

Exposure

10-01

FX5587420412

Colombia

What happened to the balance of my account that went from SU$868 to US$27 ???? Are you not a professional who has all the tools like Bloomberg??? Why, if you knew that I know nothing about trading, did you not protect me and put all the capital plus the profits in one operation??? What kind of advice is LIBERTEX providing to its clients that makes them lose all their invested capital? Isn't there a loss limit to protect the investment??? LIBERTEX STOLE MY US$868 IN A FRAUDULENT OPERATION. THEY KEPT THE BALANCE AND ARE UNABLE TO VERIFY MY IDENTITY AND BLOCKED MY ACCOUNT. THIEVES!!!!!!!!

Exposure

08-28

FX5587420412

Colombia

This broker is a scam, they reach you through fake traders and then affiliate you to the platform, they contact you, make false promises and make you invest, inflate your account and then make you lose all your capital with supposed advice from an "expert" person from that company. Finally, they steal from you and what little is left they don't let you withdraw due to identification error. That's how they have me now, with my account blocked. In short, IT'S AN ABSOLUTE ROBBERY. WHERE ARE THE INTERNATIONAL AUTHORITIES LIKE INTERPOL???? Good afternoon Gabriel. What happened to the balance of my account that went from SU$868 to US$27???? Aren't you a professional who has all the tools like Bloomberg??? Why, if you knew that I know nothing about trading, didn't you protect me and put all the capital plus the profits in a single operation??? What kind of advice is LIBERTEX providing to its clients that makes them lose all their invested capital.

Exposure

08-27

FX8637280452

Panama

They made me put in 1000 dollars according to my advisor (Cristian) and Ricardo. They were going to give me a bonus of a thousand dollars if I made the deposit of 1000 dollars, and there were 4 operations where, in the last one, my advisor made me lose all the capital. And I asked the service, they told the client that I did not have any bonus. There were calls that they made for almost a month so that I could make the deposit.

Exposure

06-15

emilio9347

Colombia

Do not invest in Libertex, it is a scam, they are bloodsuckers.

Exposure

06-03

khai88

Malaysia

do not register under this broker. after complet register, u cannot sign in and never find the login page.

Exposure

01-24

khai88

Malaysia

after register the web unable to open eror 404. first unable tu login, then after refresh the web, that web under eror 404

Exposure

01-18

bufalo

Ecuador

It's been more than a month and no technical answer about what happened. Lastly, they no longer respond to emails. The famous worst account advisor is not responsible for anything.

Exposure

2023-08-16

mauro6737

Colombia

It's been several months since I fell into the Libertex trap and they still haven't returned the money. I, like many, was the victim of calls at the moment to invest and see how your account remains at zero and then they tell you that there is no worry. And you deposit 5000 dollars and they recover everything and double the capital. They continue to rob you and the worst thing is that the Czech regulatory cysec does nothing but makes these criminals continue stealing. something has to be done... currently my account remains in zeros. Because even the last 500 usd that I consigned to try to save that last operation and which did not enter I used them for some operations in oil wti. They were in minus and after a while they also closed them, they said that due to expiration. It has never happened in etoro where I have lasted months with negative operations and they never close the account. So my account is left with 10 usd and now at 0 usd.

Exposure

2023-08-02

bufalo

Ecuador

On June 27, an operation that I never carried out appeared in my account. I made the respective claim and they told me that they had no responsibility since supposedly I had not taken care of the password. Then by insisting and indicating that I never lost or shared my password with anyone. They told me that the operation came from the same computer in which I performed the last operation, which was in the EUR/USD pair. It is clear that there was no loss of password. I closed the last operation at 8:42 p.m. and went to sleep with my phone. No one could have operated it because it has a password. And the operation was opened at 2 in the morning, a time when I was asleep like everyone else in the house.

Exposure

2023-07-28

FX3411687804

Colombia

On January 20 the advisor Jorge Robles scammed me 313 dollars. as I was learning he told me. Open this operation. And I was already more than 50 % in loss. Then he disappeared. Be careful with this gang of thieves.

Exposure

2023-05-19

Danielsv

Peru

I wanted to explain what has happened so that I hope it does not happen again to anyone else and take the respective actions since they attempt against the good faith of the people who trust your company and your advisors. I signed up with a small amount because from the beginning what I wanted was to enter the stock market and in different pages it appeared that they operated with Amazon, Tesla etc. and I found it interesting, so far there was nothing strange and I subscribed. I was contacted by a lady with a Russian accent almost immediately to start investing and I told her that I did not know how to do it that for now I just wanted to do the registration until I learn myself to make transactions because I did not know or understand the page or how the system worked. She told me not to worry, that that was what she was there for and that she would tell me what to do and what to press. I did all this from my cell phone. She only told me "these shares are good, they are going to go up, press the amount button, enter 1000 dollars, press the TP button, put it in 30% and the AI button. That was all. As I didn't know what it was I listened to it because I understood that this is how it worked. As it did not work from my cell phone at that time to put the TP so high and also would not let me put the Ai because according to her "system failures" she told me to try from the computer. Even though I asked her what the SL was, she told me that it was not used and that I should just follow her instructions. 3. Great was my surprise when I saw that the 1000 dollars disappeared. 4. Then he asked me what I did for a living and I told him I was a doctor. At that moment he told me that there was a great opportunity and that if I deposited 10 thousand dollars they would give me 10% annual interest but only until that day, otherwise it could not be done, which was not bad at all, so I made the deposit even though that pressure did not seem good to me since he called me every 10 minutes to see if I had made the deposit or not.

Exposure

2023-04-18

FX4098932097

Colombia

Hello, my trades were manipulated to generate a big loss they placed a stop up at a price above the current price which will cause my trades to reach a total loss if it touches that price even being a buy trade, be careful with this broker.

Exposure

2023-04-03

adriana5232

Colombia

Good evening, my name is Luz Adriana Valencia, Libertex account #1811964528, I will relate my situation, after many calls from a Libertex advisor, I decided to invest, the advisor or account manager who attended me had the name Adriana, she never mentioned her last name, her email (adriana.b@lbx-cs.com), She had a Russian accent, I think, I could understand her Spanish, but I had to repeat many times because I could not understand, she was kind and very convincing, she was so insistent that she promised to give me a 25% bonus and monthly interest of 10%, if I invested $2,170 dollars. 170 dollars, that he was committed to give a high profitability and to recover that investment and more in 1 month maximum, unfortunately I decided to do it, I saw the proposal very tentative and I lent the 2.170 dollars, for which today I pay very high interests. On October 24 the 2,170 dollars were deposited in Libertex's account. 80 dollars, that same day she told me that they made me 4 calls a day, we programmed the platform and they taught me how to operate it, I expressed not having any experience or knowledge about it, but she told me that there was no problem, that the platforms had some insurance to operate and close the negotiation if it was the case, that she was going to be aware of the situation, that as I had no possibility to write her by whatsap because it was forbidden, I started the operation that same day and within an hour I had already lost an important sum, I did not know what to do, I wrote her and she did not answer, in my anguish I closed the operation so as not to lose more money and until the following day she called me and told me that I had misunderstood her and that instead of the product she had told me, I had placed another one, totally false, I had asked her to spell it out for me and those letters were the ones I used, she also told me not to worry that we would recover that day and that day was a disaster, she left me alone all day, she only called me once and I had to close again because I was losing, I closed with the account at 575 dollars, the next day nobody called me, and in the afternoon I went to enter the platform and my password was erased, even though I tried to reset it, she did not allow me to do so, So I wrote to her and she called me and told me that there was a complex situation with the platforms, to write to technical support and ask for a new one, I did it several times and nobody answered me, at the end of the afternoon, the password was reset and there were only 14 dollars, I do not understand why, if I did not operate because I did not have access, nobody answered me from that moment on they did not answer me again neither by mail nor did they call me again. They never complied with the 25% bonus and even less with the interest, I am seriously affected in my economic situation, seriously affected emotionally. I need help please, it is important that I get my money back, I feel cheated. Thank you.

Exposure

2023-03-07

FX4148874921

Colombia

In December 2022 I made a recharge of $ 100 in this "broker" I made several operations and persi part of this money. Now I want to withdraw the rest of the money because I do not want to continue on the platform, but the platform does not allow me to withdraw. It asks me again and again for the same documents which I provide but they do not give me a clear answer. They are thieves, like any pyramid is very easy to enter money but puts millions of obstacles to withdraw.

Exposure

2023-03-03

Marlon284

Ecuador

In December 2022, I worked with Libertex for a month. Everything was normal and the profits were low, but beware, you already saw the case of a girl who was owed money and it happened that one day the same thing happened to me while I was looking at my MetaTrader 4 account, I had no active transaction, but Libertex he stole more than $2,900 from my mt4 account, which made the so-called "financial correction", the same way they cheat other users. my account is: 1813024886

Exposure

2023-02-04

AnaCecibelPatino

Ecuador

Everything is normal in Libertex until they debited me 5877 dollars I say debited when I should say they robbed me...... first they wouldn't let me withdraw for days until they finally made their fraudulent trading correction where they took my money and 6 months have passed and they haven't refunded me we will run away denouncing until they close the broker or give us our money back... I am ana patiño and my account is Libertex is: 1811510263

Exposure

2023-02-04

67
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Most visited countries/areas

  • Guatemala
  • Argentina
  • Uruguay
  • Latvia
  • Italy
  • Spain
  • libertex.org

    Server Location

    United States

    Most visited countries/areas

    United Arab Emirates

    Website Domain Name

    libertex.org

    Website

    WHOIS.PIR.ORG

    Company

    PUBLIC INTEREST REGISTRY

    Domain Effective Date

    2016-06-07

    Server IP

    104.17.90.14

  • libertex.com

Genealogy

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Company Summary

Broker Name Libertex
Year Founded 1997
Registered Country/Region Cryprus
Regulation CYSEC
Trading Assets Stocks, Crypto, Crypto Mining, Forex, Metals, Indices, Agriculture, Oil and Gas, ETFs
Minimum Deposit $10
Maximum Leverage Up to 1:500
Account Types Libertex Portfolio, Libertex CFD
Spreads Spreads from 0.0 pips
Commissions Vary depending on trading account
Trading Platform Libertex, MetaTrader 4, MetaTrader 5
Deposit and Withdrawal VISA, MasterCard
Customer Support Email, phone, live chat
Educational Resources Tutorials, webinars, trading signals, economic calendar
Bonuses Offered Yes

Overview of Libertex

Registered in Saint Vincent and the Grenadines, Libertex is a forex broker that was founded in 1997 and is a popular broker that offers a wide range of trading assets, including forex, commodities, indices, and cryptocurrencies. The minimum deposit required to open an account with Libertex is $100, and the maximum trading leverage offered is up to 1:500.

Libertex operates on a fixed spread model, meaning that there are no commissions charged on trades. Spreads are competitive, and the broker offers a range of account types to cater to different trader needs.

Libertex prides itself on its commitment to customer satisfaction and support, offering excellent customer service through multiple channels, including email, live chat, and social media. The broker also provides a wide range of educational resources to help traders improve their skills and knowledge, including webinars and a comprehensive knowledge center. Over the past 23 years, this broker has grown to the extent it can boast of having over 2. 2 million clients from 110 countries and more than 700 employees.

Here is the home page of this brokers official site:

basic-info

Is Libertex legit or a scam?

Libertex is a trademark of Libertex International Company LLC. Libertex.org is operated by Forex Club International LLC, a company registered in St. Vincent and the Grenadines (Registration No. 1277 LLC 2021).

Another Cyprus-based entity, Indication Investments Ltd, regulated by the Cyprus Securities and Exchange Commission (CYSEC) under regulatory license number 164/12.

regulation

Pros and Cons

Libertex offers commission-free trading, a user-friendly platform, and a low minimum deposit requirement. Additionally, the broker provides a range of educational resources and trading tools to support its clients. However, Libertex is not regulated by any major financial authority, and it has limited trading instruments compared to other brokers. The customer support options are also limited, with no live chat or phone support available.

Pros Cons
Wide range of tradable assets Limited deposit and withdrawal options available
No minimum deposit requirement Limited research and market analysis resources available
Multiple trading platforms, MT4, MT5, Libertex Lack of transparency in pricing
Offers a demo account for new traders No 7/24 customer support
Generous leverage up to 1:500
Low minimum deposit, starting with $50
Multlingual customer support online

Market Intruments

Libertex offers a wide range of market instruments to its clients, including stocks, cryptocurrencies, crypto mining, forex, metals, indices, agriculture, oil and gas, and ETFs. With such a diverse range of instruments, traders have the opportunity to build a well-rounded and diversified portfolio.

Stocks, for instance, allow traders to invest in a variety of companies across different sectors and industries, while cryptocurrencies and crypto mining offer a new and exciting market for those interested in emerging technologies. Forex trading, on the other hand, offers the chance to trade on the fluctuations of global currencies, and metals, such as gold and silver, can provide a hedge against inflation and market volatility. Additionally, indices allow traders to invest in a group of stocks representing a particular sector or country, while agriculture and oil and gas provide exposure to commodities that are essential to global markets. Finally, ETFs provide a convenient and cost-effective way to invest in a basket of securities.

products
Pros Cons
Diverse range of market instruments Limited number of individual stocks available
Access to cryptocurrencies and crypto mining No option to trade options or futures
Leverage up to 1:500

Account Types

It appears that this broker offers two types of unique trading accounts, Libertex Portfolios and Libertex CFD.

The Libertex Portfolio account is a new kind of account that caters to the needs of both novice and seasoned investors. This account is designed to provide traders with the opportunity to invest in a range of stocks, and this feature has made the Libertex Portfolio a popular choice among investors who seek to diversify their portfolio.

The Libertex CFD account is a comprehensive trading account that is designed to meet the diverse trading needs of investors. With this account, you have access to an array of trading instruments, including cryptocurrencies, forex instruments, gold, oil, and stock indices, among others. The account comes with a flexible leverage system that allows you to use a multiplier of 1 to 999.

account-types
account-types

Demo Account

Libertex offers a demo account for traders who are new to the platform or want to practice their trading strategies without risking real money. The demo account is free and allows traders to trade with virtual funds in a simulated trading environment. The demo account provides access to all the trading instruments and tools available on the platform, enabling traders to familiarize themselves with the platform's features and functionalities. This allows traders to test their trading strategies in a risk-free environment and get a feel for the market before committing to a real trading account.

How to open an account?

To open an account with Libertex, you can follow these steps:

  • First, visit their website and click on the “Sign Up” button.

open-account
  • Then, enter your personal information, including your full name, email address, and phone number. Next, choose the account type that best suits your trading needs, whether it's the Libertex Portfolio, Libertex CFD, or a demo account.

open-account
  • After selecting your account type, provide any additional information required to verify your identity, such as a government-issued ID or a utility bill.

  • Once your account is verified, you can then deposit funds using one of the available payment methods, such as credit/debit cards or bank transfers. After making a deposit, you can start trading immediately using the Libertex trading platform, which offers a range of tools and features to help you make informed trading decisions.

Leverage

Libertex offers a maximum trading leverage of up to 1:500, which is a highly competitive offering compared to other forex brokers in the market. With this leverage, traders can amplify their potential profits by up to 500 times their initial investment, but they should also be aware of the increased risks involved. Additionally, the Libertex CFD account allows traders to use a range of leverage options from 1:1 to 1:999, which provides traders with even greater flexibility in managing their risk and potential profit. Traders should carefully consider their trading strategy and risk tolerance when choosing the appropriate leverage for their trades.

Spreads & Commissions (Trading Fees)

According to the information provided by Libertex, they claim to offer spreads starting from 0.0 pips on certain trading instruments. This means that for these specific instruments, the difference between the bid and ask price can be as low as 0.0 pips, indicating a tight spread.

Regarding commissions, Libertex states that they do not charge any commission fees. This suggests that their fee structure is based solely on the spreads offered. Instead of charging separate commissions per trade, Libertex incorporates the costs within the spreads they provide. This can provide traders with a transparent and all-inclusive pricing model.

It's important to note that while Libertex advertises spreads starting from 0.0 pips and no commissions, the actual spreads may vary depending on market conditions, volatility, and the specific trading instrument. Different trading account types and platforms offered by Libertex may also have varying spreads.

Non-Trading Fees

Libertex does not charge any non-trading fees, such as deposit or withdrawal fees, inactivity fees, or account maintenance fees. However, there may be fees charged by payment providers for deposit and withdrawal transactions, which vary depending on the payment method and the user's country of residence. It's important to check the fee schedules of the chosen payment method before initiating any transactions.

Trading Platform

Libertex offers three trading platforms for its clients: MetaTrader 4 (MT4), MetaTrader 5 (MT5), and the proprietary Libertex platform.

MT4 and MT5 are popular trading platforms that offer a wide range of trading tools and features. They both support automated trading through Expert Advisors (EAs) and allow for customization of indicators and charting tools. Additionally, they provide access to a large library of educational resources and analysis tools.

trading-platform

MT4 and MT5 are popular trading platforms that offer a wide range of trading tools and features. They both support automated trading through Expert Advisors (EAs) and allow for customization of indicators and charting tools. Additionally, they provide access to a large library of educational resources and analysis tools.

trading-platform

The Libertex platform, on the other hand, is a user-friendly trading platform designed for traders of all levels. It provides a simple and intuitive interface with a range of trading instruments, including stocks, forex, commodities, and cryptocurrencies. The platform also offers a range of technical analysis tools, educational resources, and a news feed to keep traders up to date with the latest market developments.

trading-platform

Welcome Bonus

It appears that this broker offers a 100% welcome deposit bonus for new clients. To be eligible for the bonus, the minimum deposit amount is $100, and the maximum bonus amount is $10,000. This means that if a new client deposits $100, they will receive an additional $100 in bonus funds, making their total account balance $200. However, if a new client deposits $15,000, they will only receive the maximum bonus amount of $10,000, making their total account balance $25,000.

welcome-bonus

Deposit & Withdrawal

Deposit and withdrawal methods are an important consideration when choosing a forex broker. It's worth noting that for this particular broker, the only available payment methods are Visa and Mastercard. While these methods are widely accepted and convenient for many traders, it's important to keep in mind that some traders may prefer other payment options, such as bank transfers or e-wallets. It's always a good idea to check with the broker's customer support team to ensure that their available payment methods meet your needs before opening an account.

payment-methods

Customer Support

Libertex offers several customer support options, including phone support and email support. Additionally, they offer a live chat feature that allows clients to connect with a customer support representative in real-time to get assistance with their questions or concerns. This feature is available 24/5 and can be accessed directly from the Libertex website.

The live chat feature is a convenient way for clients to get quick answers to their questions or to receive assistance with any issues they may be experiencing. It can also be a helpful resource for new clients who may have questions about the platform or how to use its features.

customer-support

Educational Resources

Libertex offers a variety of educational resources to help traders make informed decisions. Their blog covers a range of topics related to trading, including market analysis, strategies, and trading psychology. In addition to the blog, they also provide a news section that covers major economic events and their potential impact on the market. For traders who want to stay up-to-date on the latest economic events, Libertex offers an economic calendar that shows upcoming releases and their expected impact. Other educational resources include webinars and video tutorials that cover a range of topics from beginner to advanced trading concepts.

educational-resources
educational-resources

Conclusion

Libertex is a Seychelles-based online forex and CFD broker that offers a wide range of trading instruments, including stocks, cryptocurrencies, metals, and indices. The broker provides traders with multiple trading platforms, including MT4, MT5, and their proprietary Libertex platform, which is available for desktop and mobile devices. Additionally, Libertex offers a demo account for beginners to practice trading without risking real money.

However, it has a limited range of payment options and does not offer 24/7 customer support. Furthermore, the lack of educational resources may be a disadvantage for beginner traders who require additional guidance. Overall, Libertex may be a suitable broker for experienced traders seeking a diverse range of trading instruments and platforms, but may not be the best fit for beginners or those in need of comprehensive educational resources and round-the-clock support.

Frequently Asked Questions (FAQs)

Q 1: Is Libertex regulated?
A 1: Yes. It is regulated by Cyprus Securities and Exchange Commission (CYSEC).
Q 2: At Libertex, are there any regional restrictions for traders?
A 2: Yes. Libertex does not accept any customers from and does not operate in any of the following restricted countries, such as Russia, USA, Japan, Brazil and European Union; countries identified by FATF as high-risk and non-cooperative jurisdictions having strategic AML/CFT deficiencies; and countries that are under international sanctions.
Q 3: Does Libertex offer demo accounts?
A 3: Yes. Libertex offers free demo accounts with $50,000 virtual capital.
Q 4: Does Libertex offer the industry-standard MT4 & MT5?
A 4: Yes. Both MT4 and MT5 are available.
Q 5: Does Libertex charge a fee?
A 5: Like every forex broker, it charges a spread fee but no commission is charged. It also charges a monthly inactivity fee of €10 applies after 180 days of dormancy.
Q 6: Is Libertex a good broker for beginners?
A 6: Yes. Libertex is a good choice for beginners because it is regulated well and offers various trading instruments with competitive trading conditions on the leading MT4 and MT5 platforms. Also, it offers demo accounts that allow traders to practice trading without risking any real money.

Keywords

  • 10-15 years
  • Regulated in Cyprus
  • Market Making(MM)
  • White label MT4
  • White label MT5
  • Self-developed
  • Global Business
  • High potential risk

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