Score

6.49 /10
Average

Libertex

Regulated in Cyprus

Market Making License (MM)

White label MT4

Global Business

High Potential Risk

A

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Comparison

Quantity 49

Exposure

Time Machine
Website

Score

Regulatory Index6.67

Business Index8.00

Risk Management Index0.00

Software Index9.69

License Index6.67

The broker's WikiFX Score has been lowered due to a high volume of unresolved client complaints.
Time Machine
Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Regulatory disclosure

Danger

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2022-02-02
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Broker Information

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Company Name

Indication Investments Ltd

Company Abbreviation

Libertex

Platform registered country and region

Cyprus

Company website

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Company summary

Pyramid scheme complaint

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WikiFX Risk Alerts
Previous Detection : 2026-04-23
  • WikiFX has recorded a total of 43 user complaints against this broker. Please be aware of the high risks and exercise extreme caution.

WikiFX Verification

Pyramid scheme complaint
Expose
Scam

LIBERTREX STOLE MY US868

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!!!!!!!!

2024-08-28 08:12
Unable to Withdraw

Fraud committed by their employee, Melania.

Well, first, I was contacted by Melania from the Libertex broker. She told me about the broker and encouraged me to invest. I was led by her promises of big earnings within a few months, which prompted me to make an initial deposit of $1,000, followed by another $8,000 and then another $2,000. This was to start trading and generating profits. Everything was going well with six successful trades. Then, she suggested making a trade in gas, which opened with a $3,500 investment. Within minutes, the trade was at risk of an 80% loss. An auto-boost was activated, the trade increased, and started to fall into negative territory. Despite seeing this, the analyst didn't advise me, just assured that it would bounce back in my favor. Sadly, as the minutes passed, the trade closed in negative, resulting in losing all my capital and earnings.

2025-04-19 08:57
Unable to Withdraw

Libertex doesn't allow you to withdraw money.

It's super easy to deposit money into the platform, someone would call you and say they will assist you at all times. But once you make the payment, they tell you they will call back the next day and they don't. To withdraw money, you have to make requests, some are accepted and others are rejected but it's always the same story– they claim they are transferring the money to your account and then say it couldn't be done due to technical issues. It's really a terrible platform. In the images, you can see how I loaded the 50 dollars and when I want to withdraw them, the platform behaves as if they’ve already been withdrawn but they return to the account.

2025-11-02 10:32
Resolved

Unfair practice or fraud on the Libertex platform.

On May 28, 2025, I lost USD 3,400 in a single transaction with the NG (Henry Hub Natural Gas) asset on the Libertex platform, under the direct phone guidance of an alleged financial advisor from their team. During the call: They instructed me to open a transaction with a 60x multiplier, without warning of the risks. They pressured me to modify the multipliers (1x, 10x, 60x), which caused immediate losses. Then another advisor from the supposed "risk team" contacted me demanding more money to save the transaction. They promised me a USD 1,000 bonus, which was never made effective. I ended up borrowing to deposit more funds, which were also lost. They never explained the real risks. I felt psychologically pressured and manipulatively guided towards a total loss. I filed a formal complaint with Libertex, who responded with a generic message saying they will "investigate" within 30 business days. 😡

2025-06-03 12:32
Unable to Withdraw

"IT'S A SCAM"

I came across a supposedly trader person who was teaching and entered through an affiliate link so they could teach us for free. The deposit to my account was 100 USD, which I managed to deposit without any problem. Now, when I want to withdraw "87" USD, it appears that I have to complete a verification before withdrawal. Well, I filled in the details, and the verification arrives at my Gmail but not to my phone number. I followed all the steps they asked for from their help page, and so far, they haven't resolved anything. Also, every time I try to make a withdrawal, my account balance keeps decreasing. I WAS COMPLETELY SCAMMED, I DO NOT RECOMMEND IT AT ALL. I sent messages to the supposed trader, to the company's number where messages never arrive, and to the Gmail support, and none of them respond.

2025-09-04 02:38
Resolved

No withdrawal processing

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.

2024-10-01 10:40
Scam

This company is a criminal organization.

Hello, I'm Silvia and like many of you, I had a horrible experience with this broker. I registered and was continuously harassed by their advisors to follow their signals. They acted in collusion as I was contacted by several of them who seemed to be well-coordinated. My main financial advisor, Julia or Juliana, would constantly pressure me to deposit more to take advantage of the initial bonus doubling, a bonus that never arrives. They then have you go through a series of successful trades until you're brought to the brink of loss. Then begins the coercive extortion. If you don't double the sum, you lose everything. In the best case scenario, you lose all invested up to that point, and the coercive extortions continue. Since there's no money left in the account, you're forced to deposit more to be given the initial bonus. 👿

2025-07-05 00:54
Scam

LIBERTEX STEALS YOUR SAVINGS

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.

2024-08-27 10:06
    Sources
    Libertex · Company summary
    LibertexReview Summary
    Founded2012
    Registered Country/RegionCyprus
    RegulationRegualted
    Market InstrumentsStock CFDS, cryptocurrencies, forex, metals, indices, commodities, ETFs, Bonds
    Demo Account
    LeverageUp to 1:30
    SpreadFrom 0.0 pips
    Trading PlatformMT4/MT5/Libertex(desktop, mobile, and online web trading terminals)
    Min Deposit€30
    Customer SupportLive chat
    Tel:+357 22 025 100+490800 0002226 (Germany only)
    Email:support@help.libertex.com
    Regional RestrictionsLibertex.com provides investment services only in the European Union, European Economic Area and Switzerland

    Libertex Information

    Libertex is a regulated broker, offering trading on Stock CFDS, cryptocurrencies, forex, metals, indices, commodities, ETFs and Bonds with leverage up to 1:30 and spread from 0.0 pips on MT4/MT5/Libertex trading platforms available at desktop, mobile, and online web trading terminals . The minimum deposit requirement is €30.

    Libertex Information

    Pros and Cons

    Pros Cons
    With demo accountLibertex.com provides investment services only in the European Union, European Economic Area and Switzerland
    Various trading products
    MT4/MT5 platform

    Is Libertex Legit?

    Yes. Libertex is licensed by CySEC to offer services.

    Regulated CountryRegulatorCurrent StatusRegulated EntityLicense TypeLicense No.
    Cyprus Securities and Exchange CommissionRegulated Indication Investments LtdMarket Maker (MM)164/12
    Is Libertex Legit?

    What Can I Trade on Libertex?

    Tradable Instruments Supported
    Stock CFDS
    Cryptocurrencies
    Forex
    Metals
    Indices
    Commodities
    ETFs
    Bonds
    What Can I Trade on Libertex?

    Account Type

    Here are two account types Libertex offers:

    Account TypeMin Deposit
    Libertex Portfolio $10-50
    Libertex CFD$10-50
    Demo
    Account Type
    Account Type

    Leverage

    The broker offers max leverage at 1:30. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital.

    Libertex Fees

    Trading Fees

    The broker requires no fees for trades or inactivity.

    Libertex Fees

    Libertex Spreads

    The broker offers spreads from 0.0 pips.

    Trading Platform

    Trading PlatformSupported Available Devices Suitable for
    MT4Desktop, mobile, online web traderBeginners
    MT5Desktop, mobile, online web traderExperienced trader
    Libertex Desktop, mobile, online web trader

    Deposit and Withdrawal

    Deposit - Paypal, visa and mastercard, iDEAL, Trustly, skrill, bank wire, Multibanco, P24, Blik, EPS online transfer, Neteller;

    Withdrawal - bank ware, PayPal, visa and mastercard, Skrill, Neteller ;

    Deposit and withdrawal

    Bank wire transfers 2-5 business days;

    All other methods instant or 1-2 hours;

    Withdrawal fees

    The minimum withdrawal amount is €0 for bank transfers and €10 for other methods.

    News

    ExposureLibertex Review 2026: Is this Forex Broker Legit or a Scam?

    Libertex holds a valid CySEC license and a moderate WikiFX score of 6.49, implying a baseline level of safety for European clients. However, numerous complaints regarding aggressive account managers and withdrawal blocks in the LatAm region suggest significant risks for international traders using the offshore entity.

    WikiFX
    2026-01-27 13:30
    Libertex Review 2026: Is this Forex Broker Legit or a Scam?

    ExposureLibertex Review: Safety, Regulation & Forex Trading Details

    Libertex holds a valid CySEC license but currently faces a regulatory warning from Indonesian authorities and a high volume of user complaints. Recent WikiFX data indicates persistent risks regarding withdrawal delays, aggressive account managers, and platform login instability.

    WikiFX
    2026-01-22 19:00
    Libertex Review: Safety, Regulation & Forex Trading Details

    ExposureLibertex Regulation and Licensing: What Traders Must Know

    Libertex regulation by CySEC ensures EU investor protection and licensed trading across multiple markets.

    WikiFX
    2026-01-12 17:57
    Libertex Regulation and Licensing: What Traders Must Know

    NewsLibertex Announces 'Push For More' Campaign, Collaborates with FC Bayern

    Libertex collaborates with Bundesliga Champions FC Bayern for the 'Push For More' campaign, inspiring global confidence and self-belief. This innovative campaign is part of their multi-year alliance.

    WikiFX
    2023-06-08 13:58
    Libertex Announces 'Push For More' Campaign, Collaborates with FC Bayern

    User Reviews

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    User comment

    53

    Comments

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    AlfredoRomero
    more than one year
    La verdad que muy buen broker para operar, bastante intuitivo y facil para principiantes como yo. Tiene comisiones muy bajas lo cual te da un plus a la hora de operar con el. Lo recomiendo para quienes quieran empezar en el mundo del trading y no sepan por donde comenzar.
    La verdad que muy buen broker para operar, bastante intuitivo y facil para principiantes como yo. Tiene comisiones muy bajas lo cual te da un plus a la hora de operar con el. Lo recomiendo para quienes quieran empezar en el mundo del trading y no sepan por donde comenzar.
    Translate to English
    2026-04-13 09:40
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    Juan Camilo Osmoreno
    0-3months
    libertex una aplicación con mala regulación en los gráficos y en demo también es igual y yo creo que también tiene para hacer trampa porque yo tengo todo bien y se cae en entonces yo no metería mí plata en esta plataforma y ya no hace el pare en las operaciones así que ya no yo se que lo mío es de práctica pero no es el broker
    libertex una aplicación con mala regulación en los gráficos y en demo también es igual y yo creo que también tiene para hacer trampa porque yo tengo todo bien y se cae en entonces yo no metería mí plata en esta plataforma y ya no hace el pare en las operaciones así que ya no yo se que lo mío es de práctica pero no es el broker
    Translate to English
    2026-02-02 14:22
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