WikiFX Review: Something You Need to Know About Libertex

In this article

WikiFX provides inquiry services in the forex field.

WikiFX evaluates Libertex's reliability based on the facts.

What is WikiFX?

To explore whether Libertex is a scammer, we evaluated it from different aspects, such as regulatory status, exposure, etc.

1. Evaluate the reliability of Libertex based on its general information and regulatory status

To understand Libertex better, we explore Libertex by analyzing the main perspectives:

A. General Info of Libertex

B. Regulatory Status

C. WikiFX Risk Alerts

A. General Info of Libertex

Libertex's general info is shown below:

About This Broker

Founded in 1997, and registered in Saint Vincent and Grenadines, 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.

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.

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. Libertex incorporates the costs within the spreads they provide. This can provide traders with a transparent and all-inclusive pricing model.

Spreads & Commissions

According to the Libertex website, it claimed to offer spreads starting from 0.0 pips on certain trading instruments. On the other hand, this broker claimed that it doesnt charge any commission fees.

Trading Platforms

This broker offers a variety of trading platforms This broker uses the popular MT4, and MT5, as well as the proprietary Libertex platform as their main trading platforms, which are designed to cater to the diverse needs of its traders, from beginners to experienced market participants.

Deposit & Withdrawal

Libertex offers several payment methods for depositing and withdrawing funds, such as credit cards, wire transfers, Skrill, and Neteller.

B. Regulatory Status

The legitimate license of Libertex

Libertex is a regulated broker.

C. WikiFX Risk Alerts

Recently, WikiFX has received a lot of complaints against this broker. Thus, we advise you to be aware of the potential risks.

Many traders claimed that this broker blocked the withdrawal requests, which caused a tremendous financial loss for the trader.

2. Special survey about Libertex from WikiFX

A. Scoring Criteria

WikiFX gives brokers a score from 0 to 10. The higher the score is, the more reliable the broker is.

Libertex has been given by WikiFX a rating of 6.47/10.

B. Field Investigation

• To help you fully understand the broker, WikiFX also investigates the brokers by sending surveyors to the brokers physical addresses.
• On WikiFX, you can visually check the physical addresses of brokers by pressing the “Survey” button.
• WikiFX did make an on-site survey on Libertexs address in Cyprus in 2020 and found its office.

3. Conclusion

All over, Libertex maybe a decent broker that offers trading services to its global clients. It is regulated and welcomed by many traders. However, we still want to remind you of the potential risk as we received too many complaints against it. If you want to know more information about the reliability of certain brokers, you can open our website (https://www.WikiFX.com/en). Or you can download the WikiFX app to find the most trusted broker for yourself.