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Libertex
Welcome to our comprehensive review of Libertex, a forex broker that has been part of the trading landscape since 1997 as a member of the FX Club International LLC group of companies. Regulated by CySEC, Libertex offers an impressive array of over 250 CFD instruments. These include categories such as Forex, Stocks, Indices, Commodities, Metals, ETFs, and Cryptocurrencies, catering to a diverse range of trading interests. Libertex extends its trading services through its proprietary platform, as well as the renowned MetaTrader 4 and MetaTrader 5 platforms. With a minimum trade size of 0.01 and a maximum leverage of 30:1, Libertex provides flexibility for both new and seasoned traders. Opening a live account requires a minimum deposit of $100. The company is based in Limassol, Cyprus and can be contacted via email or phone. Regulated by FSC Mauritius and SVGFSA, Libertex assures a secure trading environment. However, it is important to note that this broker does not operate in all countries. Libertex provides trading platforms that are both web and mobile-friendly, allowing traders to stay connected and responsive to market changes at all times. The range of trading instruments includes popular cryptocurrencies like Bitcoin, Litecoin, and Ethereum, along with CFDs on Gold, Silver, Stocks, Stock Indexes, Oil, other commodities, and ETFs. The company provides multiple deposit and withdrawal methods, including Bank Wire, VISA, MasterCard, Neteller, and Skrill, offering convenience and flexibility for its clients. Join us as we delve deeper into the trading conditions, managed accounts, and social trading aspects of Libertex. We invite you to read the following reviews and share your personal trading experiences with this broker.
Libertex, a regulated Forex Broker, is a prominent player in the financial market, offering a broad range of trading opportunities. Established in 1997, Libertex is part of the FX Club International LLC (FCIL) group of companies and is regulated by CySEC. The company's headquarters is located on the 6th and 7th floors of the Ksenos building at 10 Agiou Athanasiou in Limassol, Cyprus.
Trading Platforms and Instruments
With Libertex, traders can access the financial market through their proprietary platform, as well as MetaTrader4 and MetaTrader 5. These platforms are known for their user-friendly interfaces and a wide array of analytical tools. They offer over 250 Contract for Difference (CFD) instruments, making it possible to trade in Forex, Stocks, Indices, Commodities, Metals, ETFs, and Cryptocurrencies.
Trading Conditions
Libertex provides a competitive trading environment. The minimum trade size is 0.01, and the maximum leverage offered is 30:1. To open a live account, a minimum deposit of $100 is required. Traders can also make use of the company's managed accounts and social trading features.
Payment Methods
Libertex offers various deposit and withdrawal methods for the convenience of its clients. These include Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Neteller, and Skrill. However, withdrawal methods are limited to Bank Wire and Skrill.
Pros and Cons
Libertex has a range of benefits for traders. These include a wide selection of trading instruments, multiple trading platforms, and a regulated trading environment. However, the broker also has some drawbacks such as limited withdrawal options and restrictions in certain countries.
Scammer or Not?
As a regulated Forex Broker under CySEC and part of the reputable FX Club International LLC group, Libertex is considered a legitimate trading platform. However, it's always advisable for traders to conduct their research and due diligence.
Safety Check
Libertex has implemented security measures to protect its clients. The company is regulated by the FSC Mauritius and SVGFSA, providing an additional layer of safety for traders.
FAQs
What is the minimum deposit for Libertex?
The minimum deposit to open a live account with Libertex is $100.
What trading platforms does Libertex offer?
Libertex offers its proprietary platform, MetaTrader4, and MetaTrader 5.
Is Libertex regulated?
Yes, Libertex is regulated by CySEC and is part of the FX Club International LLC group.
To share your experiences with Libertex or to read reviews from other traders, visit forexroboteasy.com. This Libertex review is an independent analysis, and we encourage traders to conduct their research before choosing a trading platform.
forexroboteasy.com
1 review
As an enthusiastic trader, I have an imperative review to share about my experiences with FxClub, also known as Libertex. This is a platform that I have dedicated nearly two years (since March 2016), thus, it’s only right to impart my experiences with fellow traders. FxClub.org, or Libertex, to give its other moniker, has a universal operating system that allows you to switch languages from the top right of the site; indicating its operations are unified regardless of the country-specific domain you might access. My journey with this platform has seen its highs and deep lows, warranting a candid review. Upon the backdrop of successful trading and profit generation, I encountered challenges when attempting to withdraw my earnings. On October 17, two months ago, I placed a withdrawal request that was, disappointingly, declined repeatedly. An exhausting cycle ensued, with each denial marking a request for a different document purportedly for Anti-Money Laundering (AML) verification. In striving to be cooperative, I complied with their requirements by returning the requested documents timeously. However, the communication from the platform was disproportionately slow in comparison, often taking several days or even weeks to get a response. The excruciating process exhausted all possible documents for AML verification and yet, my account remains dubiously under "verification”. The ambiguous term 'verification' employed by Libertex remains an enduring mystery against a backdrop of silence from their end. The account manager assigned to me is unfortunately just as uninformed and seemingly unable to source any substantial information concerning my case. He often references an 'internal control' department that provides no clarification or justification for freezing my account. As a seasoned trader, I pride myself on discerning the norms from discrepancies in forex trading. Unfortunately, Libertex seems to be veering towards dishonest practices disturbingly reminiscent of scams, withholding my funds unlawfully without offering any sound explanation. The funds in question amount to a staggering $30,000; a sum not to be dismissed lightly. While I continue to hope for the recovery of my funds, I feel the need to raise awareness among my fellow traders. I promise to share updates in due course and would advise caution and comprehensive vetting when choosing a trading platform."
1 review
This evaluation is a deep dive into my experience with FxClub, which is also referred to as Libertex, a renowned trading platform in the global financial market. An essential side note here, FxClub is interchangeable with Libertex as they are part of the same parent company, evident when visiting the fxclub.org website and changing the language to English or Spanish. My association with this platform began nearly two years back in March 2016. During this period, I enjoyed a smooth trading experience, earning a considerable profit and even successfully processed a withdrawal of funds. However, recently my experience took a surprising turn. In Oct 2017, I initiated a withdrawal request, which, to my dismay, met with consecutive rejections. Each refusal was linked to an unprecedented request for additional documents, purporting to comply with Anti Money Laundering (AML) procedures. Diligently, I complied, submitting the requested paperwork promptly each time. Despite my cooperative stance, their responses were disappointingly slow. Weeks would often pass before receiving a reply, significantly slowing down the verification process. When every plausible document had been submitted and no more could be requested under the guise of AML, my account was abruptly flagged for 'verification.' At this point, I found myself questioning the authenticity of the 'verification' process. My account remained frozen, trapped in this ambiguous verification phase for an extended period, during which I was kept in the dark without any detailed explanation. My only contact, an account manager, provided sporadic, unsatisfactory responses, passing the blame onto 'internal control.' My numerous years in the FX trading arena has equipped me with the ability to separate standard procedures from those that are unusual and unjust. The manner in which this broker has conducted itself: refusing accreditation, withholding a significant amount of my funds($30k), illustrates behaviour characteristic of a scam. Though a dark cloud of uncertainty looms above, I maintain a thread of hope, looking forward to a resolution and the much-awaited recovery of my funds. Once a development unfolds, expect to find an update on this space. Consequently, potential investors and traders should exercise caution and prudence when dealing with trading platforms, acutely aware of the tentacles of fraud hidden beneath the glossy veneer of professionalism.
1 review
I've decided to offer a detailed, SEO-optimized review for the firm best known as FxClub or Libertex, recognising its two-year performance from a trader's perspective. In clarifying its operations, I'd like to note that the firm behind FxClub.org is indeed the same as the one operating Libertex, as confirmed by their interlinked websites. The integrity of a forex trader is paramount, and having sought and won justice through the FPA Traders Court, I feel compelled to share my experience. As a two-year trading veteran with Libertex, from March 2016 to present, my experience has seen a turbulent evolution. Trading with Libertex was smooth-sailing initially. Not only was I able to make profitable trades, but the firm also processed my first withdrawal request without any hitches. Unfortunately, the pleasantry ended there. Two months ago, on October 17, I submitted another withdrawal request. Surprisingly, this was denied repeatedly. Each rejection was accompanied by a new request for a different documentation to meet Anti-Money Laundering (AML) verification requirements. Despite my immediate response in supplying the requested documents, the company's service contrasted sharply with my swift actions—long waits often took days, even weeks, for a mere email response from their end. Once I exhausted all possibilities of documentation for AML, their communication ceased completely, opting instead to toss my account into an indefinite "verification" period. A curious action, given that I complied with all their requests. My trading account has been under this unexplained lockdown for over a month and a half. In my many years as an FX trader, I have discerned between standard procedures and questionable practices. Unfortunately, Libertex's actions indicate the latter, seeming to unlawfully hold back my funds without any explanation. This is no simple monetary squabble, as the funds at stake are in the range of USD 30,000, far higher than an average trader's budget. Despite these setbacks, I remain hopeful about a resolution and reclaiming my funds. I pledge to update this review with any progress, as a commitment to guiding fellow traders in making informed decisions about their choice of broker.
This substantive review is specifically for FxClub, also recognized as Libertex. The reason for sharing this evaluation here is FxClub.org and the company operating Libertex, are essentially the same entity. This can be ascertained when you visit their website and toggle between English and Spanish languages at the top right corner. Forex Peace Army (FPA) Traders Court has validated my concerns, ruling in my favor, making this review timely and necessary. For almost two years since March 2016, I have been an active customer, trading seamlessly with this platform, earning profits and being allowed to withdraw funds without a hitch. However, my recent experience with them reflects drastic changes in their service modus operandi. In October, I placed a withdrawal request, which ended up in a repetitive cycle of rejections. Each instance of rejection was followed by a request for different documentation, ostensibly framed as Anti-Money Laundering (AML) verification. Despite promptly providing these regularly requested documents on the day they were sought, the responses to my queries have been painfully slow, often taking days and occasionally, even weeks. What compounds the bewilderment at this sudden unexplained procedural shift is that when they exhausted their series of documentation requests under the pretext of AML verification, they not only stopped responding but also placed my account under an indiscernible "verification" status. What are they verifying now? Why has my account been inexplicably blocked or under verification for this long duration, with no one taking the time to provide a coherent explanation for over a month now? All my emails are only responded to sporadically by an account manager who professes to be equally in the dark, claiming the "internal control" department refuses to shed light on the situation. As an experienced participant in Forex trading, it is troubling to observe these abnormal patterns. Their current approach reeks of dodgy practices, wrongfully withholding my funds without any justifiable clarification. And this isn't a minor sum one can choose to overlook; we're talking about a significant amount, about USD 30,000. Despite this disheartening circumstance, I'm not relinquishing hope. I remain optimistic about the potential to recover my funds. This review may warrant an update when there are fresh developments."
1 review
This review is an intimate account of my experience with Forex trading platform FxClub, also known as Libertex. Establishing that this is indeed one and the same entity currently operating FxClub.org is simple – one merely needs to open the website and choose English or Spanish from the language selector at the top right. To the relief of traders across the global community, the esteemed FPA Traders Court has already issued a judgement in my favour on this matter. Coming onto my journey with FxClub/Libertex, it was in March 2016 when I enthusiastically began trading with them. For about two years, my trading journey was seamless — replete with profitable returns and even a successful withdrawal. However, the tides took a drastic turn about two months back, on Oct 17, when my withdrawal request was turned down persistently. Each refusal came coupled with a request for a different document, purportedly for AML verification purposes. Taking it in stride, I instantly submitted the demanded paperwork each time, meticulously ensuring timely submission. Nonetheless, the response from their end couldn’t have been more contrasting. Days and sometimes weeks would elapse before I received an email response. Finally, when their AML excuse had exhausted its course, I was left unanswered, and my account was placed under a seemingly endless "verification" status. The question now arises – verification of what? My account has been frozen under the pretense of verification for the last month and a half without a word of clarification. The only response I get is from an account manager who's failing to procure any substantial information on this stagnant situation, claiming the "internal control" is not providing relevant details regarding the case. Having been an FX Trader for numerous years, my instinctive judgement tells me that this situation is far from normal. FxClub/Libertex has shown signs of fraudulent behavior, withholding my funds unlawfully, only deepening my suspicions. This isn't about a meager sum we're talking about; this is a whopping USD 30,000. While my hopes of retrieving my funds stay alive, I'll make sure to keep the global trading community updated with any developments. This review may serve as a warning for traders about the potential challenges they could encounter with FxClub/Libertex.
1 review
Distinguished in the trading industry, FxClub, popularly known as Libertex, has been a subject of extensive intrigue. This review hence seeks to offer clarity to traders and stakeholders alike by delving into the intricacies of the platform's operations, based on my personal experience spanning almost two years – since March of 2016. Given its multi-lingual interface, this online platform has a global appeal, with English and Spanish being among the many language options. To substantiate my stance, the Forex Peace Army (FPA) traders court has already ruled in my favor, acknowledging the validity of my grievances. In the initial stages of my journey, FxClub proved to be a reliable platform, allowing me to transact freely, generating profits, and permitting at least one withdrawal. However, the scenario drastically changed a couple of months ago. In mid-October, a series of uncompromising obstacles cropped up while processing a withdrawal request. Despite adhering to their requirements, my attempts faced rejections repeatedly. Vague and varied document demands were put forth under the pretext of Anti-Money Laundering (AML) verification, infusing strain into what should ideally have been a seamless process. Swift and efficient in providing the asked documents, I was met with an exasperating response time. Waiting periods extended to days and even weeks, deterring the overall interactive experience. A bottle-neck situation ensued when all verifications were satisfactorily completed and mere excuses persisted without substantial reasoning. The once active trading account was placed under an ominous 'verification' mode, with all transactions brought to a standstill for no conveyed reason. This unexplained suspension prevailed for over a month, leaving me in a state of uncertainty. Ostensibly, the only point of contact during this challenging time was an account manager who appeared helpless in obtaining any pertinent response for me. He cited 'internal control' as the reason for the information blackout. Being an experienced player in the Forex trading market, the abnormality of this situation didn't escape me. The traits exhibited by FxClub resembled those of a potential scam, inducing a sense of trepidation regarding the safety of my monetary assets. For reference, this ordeal involves a significant amount valued at approximately USD 30k, which only amplifies my concerns. Remaining hopeful, I optimistically look forward to retrieving the funds that rightfully belong to me. I aim to keep you all updated on this matter; stay tuned for more insights."
1 review
This critique scrutinizes the operations of FxClub, now identified as Libertex, a noteworthy entity in the realm of Forex trading. It's vital to acknowledge that FxClub.org and Libertex are different names for the same corporation, a fact that can be rapidly confirmed by switching languages on FxClub’s website to English or Spanish. Against the backdrop of recent contentious episodes, the Forex Peace Army (FPA) Trader's Court has resolved a dispute in my favor. This verdict provides a stern reminder of our unwavering commitment to ensure the trust and security of our community. I commenced my trading journey with this agency in March 2016. Witnessing a promising start, I savored the thrill of successful trades, reaping profits and availing a smooth withdrawal process, a rarity in this highly volatile market. However, my contented trading voyage was abruptly interrupted two months ago, on October 17. My withdrawal request was, out of the blue, subjected to repetitive turndowns. The company intriguingly exhibited a ravenous appetite for diverse documentation supposedly for Anti-Money Laundering (AML) validation. My attempts to diffuse this uncertainty via prompt provision of requested documents were unfortunately met by a discernibly laggard response mechanism. The discourse soured even further when they abruptly ceased communications, causing the account to deceptively be labelled as "under verification." The baffling question that lingers in my mind is "Verification of what?" as it continues to be under this somewhat dubious state till date, without any explanation from them for the last six weeks. The elusive behavior of the "internal control", devoid of any transparency, coupled with the lackadaisical attitude of an account manager who responds only once a week, add to the increasing conundrum. Drawing from my extensive experience in Forex trading, I find this scenario highly abnormal and indicative of a potential scam. Detaining my funds, amounting to USD 30k with no reasonable justification, strikes me as a flagrant violation of trading ethics. As I pen down my review, I nurture a glimmer of hope for the recovery of my funds. I am optimistic about a positive outcome and promise to keep you all updated with any breakthroughs in this matter."