Libertex is the trading platform of the financial company Indication Investments Ltd. The firm is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC). The CySEC license allows it to conduct financial services, including forex.
However, there are some publications in forex forums that inform about deliberately misleading of clients and problems with withdrawing. There are two versions of the site – ending of .com and ending of .org and you should be careful which one you deal with. The version ending of .org leads to the proved scamming company TheForexClub.
In addition, the financial regulator of Cyprus (CySEC) announced in May 2020 that the the brokerage group Indication Investment Ltd, which is the parent company of the Libertex brand, has settled a EUR160,000 fine for a number of violations. Libertex does not appear to have executed client orders on the most client-favorable terms and has offered more than the maximum leverage of 30:1 allowed to retail clients.
So far, we haven’t received any complaints from clients of Libertex.
If you feel frustrated by Libertex and have something to share with us, please fill in the form below, describing your case: