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Libertex Review - Is it scam or safe?

Libertex Review - is scam or safe?

RATING: 3 / 4 REVIEWS ForexBrokerz Libertex


Trading Accounts


Account type   Minimum deposit  Minimum trade size Maximum leverage Spreads and/or commission Platform
Standard $250 0.001 1:500 minimum commission 0.011% on EUR/USD Libertex


Libertex provides a single type of trading account with leverage up to 1:500 on forex, no spreads, only a commission on its unique proprietary platform.


Unlike most brokers. this one does not offer demo accounts.


The Company. Security of Funds


Libertex is a brand of Indication Investments Ltd., member of Forex Club group - a collective brand of several entities that provide trading in forex and CFDs on shares, metals, indices, Bitcoin and other instruments. Forex Club has clients in more than 120 countries, mainly within the Commonwealth of Independent States (CIS), or the former Soviet countries. The Group operates via its subsidiaries regulated in Russia, Belarus, and Cyprus, and there is also a unit registered in the St. Vincent & the Grenadines. Forex Club has almost 20 years of financial market and online-trading experience.


Indication Investments Ltd., doing business as Libertex, is a Cyprus-based company, which is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC). The company also operates the Forex Club (EU) brand.


Forex broker regulation in Cyprus is not among the world’s tightest, but surely is one of the most popular in Europe. There is no cap on leverage, however the CySEC proposed the default leverage to 1:50, in line with the recommendations of the European Securities and Markets Authority.


In order to achieve a license from the Cypriot watchdog, forex brokers have to hold at least €730,000 as a proof of financial stability. Moreover, the CySEC applies a compensation scheme as additional guarantee to clients’ funds. All CySEC-regulated companies are members of the Investor Compensation Fund, which protects clients’ funds in case of company insolvency up to £20,000 per person.


Besides, brokerages regulated in Cyprus are authorized to provide financial services throughout the EU under the MiFID Passporting Regime.


In addition, Libertex was certified by Financial Commission in December 2016 -  a Hong-Kong based external dispute resolution (EDR) organization for consumers/traders who are unable to resolve disputes with financial services providers that are members of the Financial Commission. 


Trading Conditions


Minimum Initial Deposit

In order to open an account with Libertex, traders have to invest at least $250. Such minimum initial amount is average. Other CySEC-licensed brokers, like XM, demand just $5 from its clients as a start for their Micro accounts.


Spreads & Commissions

The cost of trading with Libertex is quite unusual: fixed zero spread and a commission, which is calculated as a percentage. The minimum commission fee for the EUR/USD pair is 0.011% of the amount of the opened transaction.


For further information and comparison, you may look up real-time spreads of 15 leading brokers here.



Although you will not find any such term in the Libertex platform, the maximum leverage levels offered by this broker on forex are pretty high, reaching 1:500. Instead, the platform uses the so called “Multiplier”, which can be adjusted from 1 to 500 for each trade.


Leverage (or, on this case, the Multiplier) is a powerful tool that allows traders to operate with large amounts of money by making relatively small investments. Unfortunately, the higher leverage, the higher the risk of losses, which may even exceed initial investments.  Here you maty take a look at a list of brokers offering leverage up to 1:500 or higher.


Trading Platform


Libertex gives access to the most popular financial instruments (currencies, metals, stocks, energy resources, indices, etc.) via a single application that works across desktop and mobile devices. Reflecting the demand for simplicity, this proprietary web-based platform allows you to invest without any special knowledge. You will not come across concepts such as leverage, margin, spread or lot when using Libertex.  Instead, those key trading characteristics are incorporated into the core of the system. So, this platform is extremely suitable for newbies. Users simply have to choose an asset, the amount of a transaction and the direction of movement.


The key advantage of Libertex is that the risk exposure is limited to the amount of opened transactions, not to the account balance. For example, if you deposit $1000 with this broker and invest $200 of that amount in EUR/USD, you can't lose more than $200. 



Besides, the platform comes with a variety of features, such as the ability to adjust the timeframe of the chart ranging from 1 minute to 1 month. A number of technical analysis instruments and fundamental investment ideas are also available.  Technical indicators are divided into 3 categories namely “Trend” indicators, Oscillators and volatility indicators.


In 2016 the Libertex platform was chosen as a Best Trading Application in EEU by Global Banking and Finance Review and has won the Best Trading Platform award at FinEXPO.


Methods of Payment


Libertex’s clients can make deposits to and withdrawals from their accounts via bank cards (Visa, MasterCard) and bank transfer.




Libertex is a brand of the Russian giant Forex Club. It offers forex and CFD trading via a unique award-winning platform that is web-based and extremely easy to use. To sum up the above, here are the Pros and Cons with regards to this broker:




Well-regulated, part of international group

No choice of trading accounts and platforms

No spread, only commission

No MetaTrader 4 or MetaTrader 5 , no EAs

Unique & simple proprietary web-based platform

Limited risk exposure



Latest news about Libertex
Broker Country Regulation Platform Min Deposit Review
$50 Review Website
US NFA, CFTC MT4 $250 Review Website
Cyprus, UK, Mauritius CySec, FCA, FSC MT4, MT5, Web $10 Review Website
Australia, Cyprus ASIC, CySEC MT4, MT5, Iress $100 Review Website
Cyprus, Australia CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia, South Africa FCA, ASIC, FSCA MT4, Trading
$50 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
$100 Review Website
Cyprus CySEC MT4, MT5, Web $1 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus, UK, South Africa, UAE CySec, FCA, FSCA, DFSA MT4, MT5, Web $5 Review Website
Cyprus, UK CySEC, FCA MT4, MT5 $1 Review Website
UK FCA MT5 $5 Review Website
UK FCA MT4, Web, MT4
for Mac
$100 Review Website

Traders` reviews for Libertex
















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I lost $ 3,000 with Libertex

I trusted this broker but I was wrong and now I have lost $ 3,000 and I demand a response from you, since one of your employees, one of your IBs is known as a professional merchant was the one who guided me in the account registration and in the opportunity to get involved with libertex in trading, he asked me for a high sum to organize and then he left charging money from there and in less than a month I had only $ 500 left me not moving forward at all, he didn't collaborate but he did He offered a guide with his own signs that were of no use and offered personal courses that you notice that nobody takes. You as a company that take care of who you are hiring for this job

Andrew Morton 11/26/2019

The stability of libertex apps

Why sometimes the apps are
automatically shutdown.?

Reil Bernal 03/13/2019

Scam - Be aware

I opened a position yesterday afternoon and around midnight, it closed by itself ,saying that from 15k went down to 200. I lost the money I put there. Today the same position was opened again but bitcoin was going down, thats why I think they open it again. I contacted the support by email, chat, whatsapp, no reply.

I had more money in my account. I tried to login 30 minutes ago and Im getting an error that my account is blocked.

They got my money from the position and the rest of my capital and I cant get into my account.

Beware... the issue is not the money I lost money, it is the way they treat and steal their customer in every way.

I hope this helps! STAY AWAY!

Unknown 12/09/2017

Scam / you always lose money.

They charge too much on everything: trade fee, transaction fee. No matter how you trade you always lose and they always gain their commisions. I just lost 60 Euro in seconds of their poncy schemes. Don't trust Libertex. It is 100% scam

Ryan 12/07/2017

SCAM-FRAUD: Libertex charge 5% monthly swap on crypto positions

I opened an account with LIBERTEXand they were eager to receive my funds (obviously!) They thoroughly explained every detail of its functioning and offered benefits such as a bond (money) to use to trade more (kind of a risk free leverage) or a bond that could be used to discount commissions from trading.

Up to this level everything went ok. I transferred the funds and opened up my positions in Cryptocurrencies. It was easy and the platform properly showed results by the second as the prices changed.

The commission they charged to open a position was ASTRONOMIC (sometimes more that 3%) due to "cryptos volatility". But I agreed because I was buying to HOLD for a long time.


My advisor NEVER EVER mentioned that there would be a DAILY SWAP which would mount to MORE THAN 5% A MONTH IN FEES!!! Of course they "forgot to mention it" but "it is, however, on the contract you signed". So, they forget to tell you about a 5%+ monthly cost!!!

Luckily my crypto assets went up and I closed my account at Breakeven... even when I closed my positions more than 10% higher in price!

So, BEWARE of LIBERTEX if you are looking to invest long term. At least for Cryptos, they will end up sucking all of your capital by charging you astronomic daily swap fees. Just go find another broker!

Hope this helps.

ignacio 10/10/2017
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