Score

6.50 /10
Average

Libertex

Saint Vincent and the Grenadines

10-15 years

Regulated in Cyprus

Market Maker (MM)

White label MT4

Global Business

High potential risk

A

Add brokers

Comparison

Quantity 45

Exposure

Time Machine
Website

Score

Regulatory Index6.67

Business Index8.07

Risk Management Index0.00

Software Index9.68

License Index6.67

The WikiFX Score of this broker is reduced because of too many complaints!
Time Machine
Website

Licenses

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

Single Core

1G

40G

open now

Regulatory disclosure

Danger

ID BAPPEBTI
2022-02-02
Ministry of Trade Blocks 1,222 Illegal Commodity Futures Trading Websites
Libertex
Brokereo
MRG LTD
PU Prime
Cabana Capital
CK Markets
CRESCOFX
SANDWIND
Nash Markets
Rubik Trade
FXGiants
MRG
OptionBit
Just Perfect Markets
EasyTrade.io
Exness Group
Lego Market LLC
FX-TRADING OPTION
Olymp Trade
BIC Markets
Errante
BMFN
SGT
Oxtrade
JQL MARKETS
Universal Futures
E​xness

Broker Information

More

Company Name

Forex Club International LLC

Company Abbreviation

Libertex

Platform registered country and region

Saint Vincent and the Grenadines

Company website

X

Facebook

YouTube

Linkedin

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

WikiFX Risk Alerts
Previous Detection : 2025-10-01
  • WikiFX has received a total of 39 user complaints against this broker, please be aware of the risks and do not be scammed!

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
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
Scam

"BEWARE OF LIBERTEX AND ITS "ADVISORS"

Never thought a simple investment would cost me my mental health and my peace of mind... It all started when, naively, I registered with Libertex looking to diversify my savings. I was immediately contacted by a Jose Heredia, who proudly introduced himself as the "Chief Manager" when he understood I had substantial capital. He made me feel as if I was on Wall Street, all a setup to make me trust. The problem was I did trust. After a downpour of calls and emails, his "support assistant", Andreas set up a meeting with a supposed "financial advisor". I don't even remember his name, but he was more of a soap opera actor than a professional. Promised risk-free profits, foolproof strategies, and constant returns! In less than a month, this incompetent man made me lose more than 20,000 dollars. And when I tried to withdraw the rest of the money, they made excuses about a verification that can never be completed. What a joke!

2025-07-01 06:38
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
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
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
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
    Founded2016
    Registered Country/RegionSaint Vincent and the Grenadines
    RegulationRegualted
    Market InstrumentsStock CFDS, cryptocurrencies, forex, metals, indices, commodities, ETFs, Bonds
    Demo Account
    LeverageUp to 1:999
    SpreadFrom 0.0 pips
    Trading PlatformMT4/MT5/Libertex
    Min Deposit$10
    Customer SupportLive chat
    Tel: Mexico: +52 (33) 4162 - 3933Chile: +56 (2) 2582 - 9768Colombia: +57 (60) 2240 - 9192Other countries: +447456417828
    Email:Latin America: info@help.libertex.orgVietnam: cs@help.lbxofficial.orgThailand: cc@help.libertex.orgOther countries: info@help.libertex.org
    Regional RestrictionsRussia, 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' clients are not allowed

    Libertex Information

    Libertex is a regulated broker, offering trading on Stock CFDS, cryptocurrencies, forex, metals, indices, commodities, ETFs and Bonds with leverage up to 1:999 and spread from 0.0 pips on MT4/MT5/Libertex trading platforms . The minimum deposit requirement is $10.

    Libertex Information

    Pros and Cons

    Pros Cons
    With demo accountUSA clients are not allowed
    Various trading products
    MT4/MT5 platform
    Low minimum deposit requirement

    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?
    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 1:999. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital.

    Leverage

    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
    MT5Experienced trader
    Libertex

    Deposit and Withdrawal

    The broker accepts payments via bank transfer,Bank card, WebMoney (not present in Asia), Skrill (except EU wallets),

    Neteller (except EU wallets), Perfect money, visa and mastercard.

    The minimum deposit amount vary depending on your region, payment provider and selected method. Most methods support deposits within 10-50 USD equivalent.

    Processing times for withdrawal requests may vary depending on the withdrawal method. No minimum withdrawal amount defined.

    Deposit and Withdrawal
    Deposit and Withdrawal
    Deposit and Withdrawal
    Deposit and Withdrawal
    Deposit and Withdrawal
    Deposit and Withdrawal

    Deposit Options

    Deposit Options Min. DepositFees Processing Time
    Bank transfer/Bank commission only (please check with the bank). Additional conversion is possible on the bank's side.2-5 business days
    Bank card10 USD.50 USD for Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates.1% - most countries.2,5%- mostly CIS countries.Instant
    WebMoney (not present in Asia)10.00 USD18%+ 0,8% ( not less than 2 and not more than 50 USD on WebMoney's side) for Russia.15%+ 0,8% ( not less than 2 and not more than 50 USD on WebMoney's side) for Kazakstan.17%+ 0,8%( not less than 2 and not more than 50 USD on WebMoney's side) for Uzbekistan.12% + 0,8% (not less than 2 and not more than 50 USD on WebMoney's side) - other countries.Instant
    Skrill (except EU wallets)10 USD1,9% (min. 0,5 USD)Malasia, Indonesia- 0%Instant
    Neteller(except EU wallets)10 USD4% (min. 0,5 USD)Malasia, Indonesia- 0%Instant
    Perfect money10 USD0.5%Instant

    News

    ExposureWikiFX Review: Something You Need to Know About Libertex

    Has Libertex played a significant role in the forex trading industry for decades? WikiFX created a comprehensive review in today's article to help you better understand this broker. We will analyze its reliability based on specific information, regulations, etc. Let’s get into it.

    WikiFX
    2025-01-30 08:00
    WikiFX Review: Something You Need to Know About Libertex

    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

    NewsLibertex has added crypto coin Arbitrum now available for traders as they promised.

    The Arbitrum network is a layer-2 functionality, developed by the New York-based company Offchain Labs, which seeks to solve the congestion that the Ethereum network has been experiencing by improving how smart contracts are validated.

    WikiFX
    2023-04-13 11:56
    Libertex has added crypto coin Arbitrum now available for traders as they promised.

    ExposureWikiFX Review: the score of this broker is reduced due to recent complaints

    Libertex is an online forex broker offering a series of financial instruments. However, recent complaints raise our concern over the reliability of Libertex. Does this broker still appear to be trustworthy? WikiFX made a comprehensive review of this broker from different perspectives, such as specific data, regulation, exposure, etc.

    WikiFX
    2022-11-28 17:19
    WikiFX Review: the score of this broker is reduced due to recent complaints

    User Reviews

    More

    User comment

    45

    Comments

    Write a review

    Javier
    0-3months
    necesito retirar mi dinero y no me da acceso. estuve todo el día intentando. es imperioso. lo necesito urgente.
    necesito retirar mi dinero y no me da acceso. estuve todo el día intentando. es imperioso. lo necesito urgente.
    Translate to English
    2025-10-01 10:19
    Reply
    0
    0
    santy6449
    0-3months
    Llegue a partir de una persona supuestamente trader que eseñaba y entre a traves de un link que es de afiliacion para que nos enseñe gratis , el deposito a mi cuenta era de 100 usd con lo cual el deposito lo logre sin ningun problema , ahora que quiero hacer el retiro de "87" usd , me aparece que tengo que hacer una verificacion antes del retiro , bueno completo los datos y me llega la verificacion al gmail pero no al numero de telefono , hice todos los pasos que me pidieron desde la pagina de ayuda que tienen y hasta ahora no me resolvieronada , también cada vez que intento hacer el retiro se me va bajando el saldo de la cuenta , COMPLETAMENTE FUI ESTAFADO , NO LA RECOMIENDO PARA NADA. Les mandé msj al supuesto trader , al número de la empresa que nunca le llegan los msj , y al soporte de gmail y ninguno contesta.
    Llegue a partir de una persona supuestamente trader que eseñaba y entre a traves de un link que es de afiliacion para que nos enseñe gratis , el deposito a mi cuenta era de 100 usd con lo cual el deposito lo logre sin ningun problema , ahora que quiero hacer el retiro de "87" usd , me aparece que tengo que hacer una verificacion antes del retiro , bueno completo los datos y me llega la verificacion al gmail pero no al numero de telefono , hice todos los pasos que me pidieron desde la pagina de ayuda que tienen y hasta ahora no me resolvieronada , también cada vez que intento hacer el retiro se me va bajando el saldo de la cuenta , COMPLETAMENTE FUI ESTAFADO , NO LA RECOMIENDO PARA NADA. Les mandé msj al supuesto trader , al número de la empresa que nunca le llegan los msj , y al soporte de gmail y ninguno contesta.
    Translate to English
    2025-09-04 02:38
    Reply
    0
    0
    45