Opinions and information about the Libertex forex broker
¿It is the Libertex broker (Forex Club) really reliable? Is it safe for you to invest your money with this company? In this section we will talk about this broker, its characteristics and information.
We invite anyone who has experience with this company, to leave a comment with their experience and to give the broker a score.
First of all, to avoid confusion, we clarify that Libertex is part of Forex Club, in case you have noticed the similarity in the logos. In some countries it operates as Forex Club, while in others as Libertex. As this website is focused on Spanish-speaking countries, we will focus on Libertex, which is what they use to target this type of market. Confusions can also exist since some time ago this broker was presented as Forex Club for Spanish-speaking countries as well.
Libertex is the platform of Indication Investments Ltd, and is part of the Forex Club group. Although on the Libertex website they mention that they have been actively working in the world of brokers since 1997, the Forex Club group began as such, in 2007. They are regulated by CYSEC (Regulatory body of Cyprus).
Clarification of the difference between www.libertex.org and www.libertex.com (note the difference in the domain, .com and .org) we explain it; the difference is that libertex.com is a broker for Europe and is regulated by the CYSEC (Cyprus regulatory body) and libertex.org is the Latin American broker and is “regulated” by the Financial Commission, and regulated in quotes because It is not really a regulation, but a mediation body between clients and brokers.
We will start by analyzing the account types that this broker offers. We notice that only offers one type of account, called Libertex Account. Some of the characteristics of this account are that it has MID prices to buy and sell, commissions that vary according to the market. Other characteristics of the Libertex Account is that they have a multiplier (maximum of 500), yes, it must be chosen before investing. Each instrument has a maximum possible multiplier, the maximum, as we mentioned before, is 500.
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It is possible to trade Forex, oil, gas, stocks, metals (yes, precious metals too), commodities and indices. Two more facts are, the minimum card deposit is € 10, and a minimum volume operation in the Libertex Account is also € 10.
Here we provide you with a PDF with the account type specifications, in case you want to go into more detail. PDF WITH DETAILS. This PDF was provided by one of Libertex's customer service operators.
Regarding the broker's website and the resources and help offered to the traderJust by entering we can see that it is basically a platform and offers us the price and quotation of shares, indices, currencies, metals, oil and gas, and commodities in real time. Although it also has a small section for market analysis and related news. Although the latter are in English, not in Spanish. But in general the resources are quite complete when compared with other broker websites.
Libertex broker features
Additional information about the company
Phone number: +357 22 025 100
E-mail: [email protected]
Clarification: Note that Libertex works in different countries, so the information provided may not apply to your country.
With the information we have so far, the comments and reviews, evaluations and criticisms of users and traders, our opinion is that it is a reliable broker. Although we have read that some people talk about difficulties when wanting to withdraw money, our opinion of this broker is positive.
❗ March 2017 update: We have received many comments from clients with problems when making a withdrawal from their accounts, although we still consider it a reliable broker, we suggest to be careful with Libertex.
❗ August 2017 update: Due to repeated comments asking the difference between www.libertex.org and www.libertex.com (note the difference in the domain, .com and .org) we explained it; the difference is that libertex.com is a European broker and is regulated by the CYSEC (Cyprus regulatory body) and libertex.org is the Latin American broker and is “regulated” by the Financial Commission, and regulated in quotation marks because it is not it's really a regulation so for people in Latin America, it is a NON-REGULATED broker, caution. They are different companies but both are part of Forex Club. (Thanks to Gabriel for the information)
❗ August 2021 update: CYSEC, Cyprus financial regulator, his license was suspended in August, again for failing to comply with the regulations - protocols of the regulator. GREAT CARE.
❗ Attention: Libertex works with Cristobal del Toro, a broker with a lousy reputation, with a lot of complaints and accused of committing a lot of scams.
Do you know this broker? Do you think our opinion is not correct? Have you operated with him? Leave a comment with your experience.
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