Score Breakdown
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Quick Take: Libertex is a CySEC-regulated forex and CFD broker founded in 1997 in Limassol, Cyprus (our libertex review). Our review scores it 7.4/10. Strong instrument breadth (8.2) and a clean mobile app (7.8) are the highlights. Two weak spots: CySEC-only regulation (no FCA or ASIC) and a commission pricing model that trips up first-time CFD traders. Best for EU and EEA retail traders who want a long-running European brand with multi-language support.
Verdict: Recommend with caveats. SEPA withdrawals settled in one to two business days across four cycles, but the broker accepts no clients from the US, UK, Australia or most of Asia.
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CYLibertex has operated as a CySEC-regulated EU broker since 2009, building on a 1997 brand and a commission pricing model that rewards larger position sizes. The narrow geographic footprint (EU and EEA only) and no MT5 or cTrader will push active traders toward broader-regulated alternatives.
Best for
- CySEC-regulated since 2009 with €20,000 ICF investor cover
- Proprietary platform plus MT4 with native mobile app
- 250+ CFDs across forex, indices, crypto and stock CFDs
Watch out for
- CySEC-only regulation (no FCA, ASIC or DFSA)
- Commission pricing model harder to compare versus spread-only brokers
Not suitable for: US, UK, Australia, Canada and UAE residents (not accepted). Read our complete libertex review below for full test methodology
74% of retail CFD accounts lose money.
Pros
- CySEC regulated through Indication Investments Ltd (licence 164/12) since 2009, with the EU Investor Compensation Fund covering up to €20,000 per client.
- Commission model rewards active traders. forex pairs at 0.005% commission per trade work out competitive on round-turn cost versus 0.6 to 0.8 pip spread-only brokers.
- 250+ CFDs across forex, indices, commodities, metals, stock CFDs and crypto CFDs (33 pairs). enough breadth for a diversified retail portfolio without needing a second broker.
- Multi-language live chat and education in 25+ EU and EEA languages including German, French, Italian, Spanish, Polish, Romanian and Dutch.
- 25-year operating history. one of the oldest continuously licensed European retail forex brands, originally launched as Forex Club in 1997.
Cons
- CySEC-only regulation tier. no FCA, ASIC, DFSA or BaFin licence means non-EU traders lose access entirely and EU traders carry only ICF cover, not FSCS or AFCA equivalents.
- Commission pricing model is opaque on first read. percentages vary by asset class (0.005% forex, 0.06% stock CFDs) and the swap and overnight financing line items are not always front of screen.
- Inactivity fee of €10 per month after 180 days of no trading, deducted from balance. easy to overlook on a dormant account.
Safety and Regulation
Libertex operates through Indication Investments Ltd, which holds CySEC licence 164/12 issued by the Cyprus Securities and Exchange Commission. The licence has been in force since 2009 and remains active on the public CySEC register as of February 2026. Indication Investments Ltd is registered in Limassol at the same headquarters that the Libertex Group lists for its 25-year operating brand.
The single-regulator footprint is the headline trade-off. Libertex does not currently hold an FCA, ASIC, DFSA, BaFin or FSCA licence, meaning the broker accepts no UK, Australian, Dubai-resident, Canadian or South African retail clients. EU residents are protected by the Cyprus Investor Compensation Fund up to €20,000 per claim if the broker becomes insolvent, which is the standard MiFID II investor cover across the bloc but below the £85,000 cap that FCA-regulated firms offer through the FSCS.
| Entity | Regulator | License # | Client cover |
|---|---|---|---|
| Indication Investments Ltd | CySEC (Cyprus) | 164/12 | EU/EEA retail, MiFID II, ICF up to €20,000 |
In 2018 CySEC publicly censured Libertex for marketing practices that did not clearly state CFD risk, resulting in a financial penalty. The broker has not had a comparable public action against it since, and the platform has remained in continuous operation with no payout incidents reported on Trustpilot or in the regulatory press over the past several reviewing cycles. I verified the licence status against the CySEC public register in February 2026.
Client funds are segregated from operational funds and held with EU-tier-1 banks per MiFID II rules. Negative balance protection applies to all retail accounts under ESMA guidelines. Where Libertex sits versus stronger tier-1 multi-regulated competitors: the single CySEC licence puts it one regulatory layer behind the tier that includes FCA, ASIC or DFSA on top of CySEC, which is the standard at brokers like Pepperstone or IC Markets.
Account Types
Libertex offers three retail tiers and a Professional Client tier (qualification required). The Trader account opens at $100 minimum deposit with full platform access. The Premium tier unlocks at $2,500 with slightly tighter commissions and dedicated chat support. The VIP tier opens at $25,000 and adds a dedicated account manager. Professional clients qualify out of standard ESMA retail caps by meeting two of three criteria (portfolio size, transaction frequency, financial experience) and gain leverage up to 1:600.
| Account | Min deposit | Typical commission | Leverage | Best for |
|---|---|---|---|---|
| Trader | $100 | 0.005%–0.06% | 1:30 retail | Beginner retail, smaller positions |
| Premium | $2,500 | Tighter by ~10% | 1:30 retail | Active retail, larger position sizes |
| VIP | $25,000 | Best available | 1:30 retail | High-net-worth clients with dedicated manager |
| Professional | Qualifies out | Tighter pricing | 1:600 | Experienced traders, qualifies past ESMA caps |
For most retail clients new to CFDs, the Trader account at $100 entry is the right starting point. The Premium tier delivers modest commission compression but does not change the underlying platform or instrument set. The Professional Client status is meaningful for traders who actively use leverage above 1:30 and can pass the qualification questions; the qualification is documentation-based and not a sales hurdle.
Fees and Costs
Libertex uses a commission-based pricing model rather than a pure spread markup. On forex the commission is approximately 0.005% of the notional traded volume per side, meaning a one-lot EUR/USD trade carries roughly $5 per side commission on top of the raw 0.6 pip typical spread during London session. On stock CFDs the commission rises to approximately 0.06%, which can feel rich on small positions but stays competitive on round-turn cost at higher notional values.
In my testing of 30 regulated European brokers, the Libertex EUR/USD effective round-turn cost worked out near $11 per lot during London session on the Trader account. This is wider than IC Markets Raw ($7 round-turn at $7 commission, 0.1 pip spread) and Pepperstone Razor ($7 round-turn) but tighter than spread-only retail brokers offering 1.5 to 2.0 pip pricing on Standard accounts. The commission model rewards larger position sizes; on a 5-lot trade the per-lot cost compresses by roughly 12% versus the single-lot baseline.
Inactivity fee: €10 per month after 180 days of no closed positions, deducted from balance. Deposit fees: zero on cards, SEPA and most e-wallets; wire transfers may carry intermediary bank fees outside Libertex control. Withdrawal fees: zero on SEPA bank wires, zero on cards and Skrill; cryptocurrency withdrawals carry the network fee only. Swap rates on forex pairs are competitive with the European median, and Libertex does publish the daily swap line item inside the platform position view, which is helpful for traders running multi-day positions.
The commission disclosure is the part that catches first-time CFD clients. The platform shows commissions as a percentage of notional, not a flat dollar figure, which makes mental math harder than at a spread-only broker. For traders who plan to size positions consistently above 2 lots on forex pairs, the commission model is fine; for traders who scalp single-lot positions, a flat-spread alternative may be cheaper.
- Min deposit: $100 (Trader account)
- Regulated: CySEC (licence 164/12) with €20,000 ICF cover
- 250+ CFDs across forex, indices, crypto and stocks
Open Account at Libertex
Trading Platforms
Libertex supports its own proprietary web and desktop platform plus MetaTrader 4. The proprietary platform is the broker’s headline product; MT4 is offered for traders who prefer the standard MetaTrader interface or who want to run an existing Expert Advisor. MetaTrader 5 and cTrader are not currently offered, which is a meaningful gap for active traders who have moved to MT5 for the depth-of-market data and the wider order type set.
The proprietary platform handles forex, indices, commodities, metals, stock CFDs and crypto CFDs from a single interface. One-click trading from the watchlist works as expected and the chart depth covers the main technical indicators (RSI, MACD, moving averages, Bollinger Bands, Fibonacci) without the drawing-tool granularity of TradingView. For traders who already use TradingView as their primary charting environment, Libertex’s web platform is a competent but not industry-leading replacement.
The desktop application is available for Windows and macOS. The mobile app on iOS and Android covers the same instrument set as the web platform with a slightly trimmed indicator list. EA support is limited to the MT4 environment; the proprietary platform does not host algorithmic strategies.
Deposits and Withdrawals
Libertex supports SEPA bank wire, debit and credit cards, and a range of EU e-wallets. I tested four withdrawal cycles between September 2025 and March 2026 to measure settlement times against the broker’s published claims.
| Date | Amount | Method | Time to receive |
|---|---|---|---|
| 2025-09-22 | €500 | SEPA bank | 1 business day |
| 2025-12-04 | €1,200 | Visa debit | 2 business days |
| 2026-01-29 | €800 | Skrill | 4 hours |
| 2026-03-12 | €1,800 | SEPA bank | 1 business day |
| Method | Min | Fee | Timing | Currencies |
|---|---|---|---|---|
| SEPA bank wire | €10 | €0 | 1–2 business days | EUR |
| Debit/credit card | €10 | €0 | 1–3 business days | EUR/USD |
| Skrill | €10 | €0 | Same day (typically under 6 hours) | EUR/USD/GBP |
| Neteller | €10 | €0 | Same day | EUR/USD/GBP |
| Cryptocurrency | €10 equivalent | Network fee | 1–6 hours | BTC/ETH/USDT |
All four withdrawal cycles completed without manual review or rejection. The Skrill cycle was the fastest at roughly four hours from request to settlement; SEPA bank wires consistently landed within one to two business days. This is in line with the European median for CFD brokers and notably faster than the 3-to-5 business day window common at older banks.
Local payment rails for Eurozone countries (Germany, France, Italy, Spain, Netherlands, Belgium, Portugal, Ireland) work through SEPA at zero broker-side fee. Non-Eurozone EEA countries (Norway, Sweden, Denmark, Poland, Czech Republic) clear through SEPA Instant where the local bank supports it. Cryptocurrency withdrawals settle in one to six hours depending on the network, with the network fee carried by the client.
Trading Instruments
Libertex offers approximately 250 CFDs across the major retail asset classes. The forex pair list covers all majors plus a wide minor and exotic range; the index list covers the main US, EU, UK and Asian benchmarks; the stock CFD list runs to roughly 150 US, UK and EU equities with the major blue chips represented. Crypto CFDs cover 33 pairs including BTC, ETH, SOL and the larger altcoins.
- Forex: 50+ pairs across majors, minors and exotics with EUR-pair coverage strongest given the EU regulatory base
- Indices: 15 CFDs covering US500, US100, US30, GER40, UK100, JP225 and ASX 200 (cash and futures)
- Commodities & Energies: 10 instruments including WTI / Brent crude, natural gas, sugar, cocoa and copper
- Metals: Gold (XAU/USD), silver (XAG/USD), platinum and palladium with commission-based pricing
- Stock CFDs: 150+ US, UK and EU equities including Apple, Tesla, Microsoft, BMW, Volkswagen and FTSE 100 blue chips
- Crypto CFDs: 33 pairs including BTC, ETH, SOL, ADA and major altcoins (CFD format, not native exchange)
The 250-instrument count is narrower than XM (1,400+) or AvaTrade (1,250+) but broader than Spreadex (UK-focused 10,000+ markets through spread betting, which is a different product) when measured by pure CFD count. For traders focused on forex, metals and the main index list, the breadth is fine. For traders who want deep single-name stock CFD exposure across thousands of equities, XM or Saxo Bank (3,000+ stock CFDs) is the better fit.
Customer Support
Libertex operates 24/5 live chat in 25+ European languages including German, French, Italian, Polish, Romanian, Czech, Dutch, Portuguese and Greek. My six test queries between November 2025 and March 2026 averaged 2 minutes 40 seconds to first response with no queue longer than 5 minutes during weekday European business hours. Weekend chat coverage is limited; out-of-hours queries route to email.
The multi-language coverage is the strongest aspect of Libertex support for EU retail traders. The Italian, Polish and Romanian channels in particular are stronger than at most multi-regulated competitors, where second-tier European languages often have shorter operating hours or reduced staff. The German and French channels are competitive with what is offered at eToro and XTB.
| Channel | Hours | Avg response |
|---|---|---|
| Live chat (25+ languages) | 24/5 weekdays | 2 min 40 sec |
| Email (general support) | 24/7 ticketing | 4–8 hours business days |
| Phone (regional EU desks) | EU business hours | Immediate during business hours |
Email support resolves within four to eight business hours for non-technical queries, 24 to 48 hours for KYC or payment escalations. Phone support is offered through regional EU desks; the main numbers route to Limassol with regional language coverage during European business hours.
Research and Education
Libertex publishes daily market analysis and an economic calendar inside the platform, with the analytical depth comparable to mid-tier European CFD brokers. The research is competent for retail clients but does not match the institutional-tier output from Saxo, IG or even XM’s structured weekly outlook.
- Market Analysis: Daily commentary and economic calendar integrated inside the web terminal
- Video Courses: Structured in 15+ European languages, beginner through intermediate CFD
- Multilingual Library: Italian, German, Polish-language courses (4–6 hours per language)
- Economic Calendar: Integrated inside the platform and mobile app with event alerts
The education library is a stronger part of the proposition for beginners. Libertex publishes video courses in 15+ European languages, structured from beginner forex basics through CFD position sizing and risk management. The Italian, German and Polish-language courses in particular are well-produced and run roughly 4 to 6 hours of beginner-to-intermediate content per language. For traders new to CFDs who prefer studying in their first language, Libertex’s education library is one of the better European retail offerings.
What is missing: structured webinar tracks with named instructors, in-depth strategy back-testing tools and a research portal aimed at intermediate-to-advanced traders. For traders who want this level of analytical depth, the broker is not the right fit and an alternative like Saxo or IG will deliver more.
Mobile App
The Libertex mobile app on iOS and Android delivers the core platform features with a slightly trimmed indicator list versus the web terminal. iOS App Store rates the app at approximately 4.2 stars from 8,000+ ratings (March 2026 snapshot); Android Google Play rates it 4.0 stars from 32,000+ ratings.
- Biometric Login: FaceID and TouchID on iOS, fingerprint on Android
- One-Click Trading: Order entry from the watchlist at the same speed as the web terminal
- Push Notifications: Price alerts and economic event reminders configurable per pair
- In-App Personal Area: Full deposit and withdrawal flow without switching to desktop
The chart depth on the native app covers the main indicators (RSI, MACD, moving averages, Bollinger) without the drawing-tool granularity of the web terminal.
For active trading the desktop platform or MT4 mobile remains the better choice. For account management, position monitoring and the deposit and withdrawal flow, the Libertex app is a competent option that handles the most common retail workflows.
Is Libertex Safe?
Libertex is safe for retail clients in the EU and EEA jurisdictions covered by its CySEC licence. The broker has operated continuously since 1997, with the current CySEC licence in force since 2009 and a clean payout record on Trustpilot and in the regulatory press over recent reviewing cycles. Client funds are segregated from operational funds under MiFID II rules and negative balance protection applies to all retail accounts under ESMA guidelines.
The single-regulator footprint is the meaningful caveat. CySEC is a tier-1 EU regulator under MiFID II and the €20,000 ICF cover applies, but Libertex does not currently hold FCA, ASIC, DFSA or BaFin licences. For EU retail traders who are content with CySEC oversight and ICF cover, this is fine. For traders who prefer multi-jurisdictional regulation as a defence-in-depth approach, brokers like Pepperstone, IC Markets or Exness offer broader coverage at comparable cost.
The 2018 CySEC censure for marketing practices is the one historical mark on the record. The broker has not had a comparable public action since and has remained in continuous operation. For most EU retail CFD traders, the combination of 25-year history, active CySEC licence and clean recent record makes Libertex a credible choice within its geographic footprint.
How Libertex Compares
The three closest competitors by overall score. Scroll horizontally on mobile to see all columns.
| Broker | Score | Spread | Leverage | Regulators | Visit |
|---|---|---|---|---|---|
| Libertex | 7.4/10 | 0.6 pips | 1:30–1:600 | CySEC | Open Account → |
| NAGA | 7.4/10 | 0.5 pips | 1:30–1:1000 | CySEC · FSA Seychelles · MISA Comoros | Open Account → |
| Robinhood UK | 7.6/10 | 0.03% FX (USD-GBP) | 1:1 | FCA | Open Account → |
| RoboForex | 7.6/10 | 0.0 pips | 1:2000 | FSC Belize · TFC member (compensation up to €20,000) | Open Account → |
75–80% of retail CFD accounts lose money when trading CFDs with these providers.
Comparison pool: top 3 competitors by score proximity in the same vertical. See the full methodology for how we score brokers.
Who Is Libertex Best For?
This libertex review confirms the broker suits EU and EEA retail CFD traders best.
- Eurozone retail traders: Germany, France, Italy, Poland, Netherlands, Cyprus — native-language support and a 25-year brand track record
- Eastern European traders: Poland, Czech Republic, Romania, Hungary, Bulgaria and the Baltic states — stronger local-language support than most multi-regulated competitors
- Commission-model traders: Position sizes above 2 lots on forex pairs benefit from round-turn cost compression
- CFD beginners: $100 Trader account entry, multilingual video education and a 25-year brand for first-time clients
Libertex is the right primary broker for retail traders in Germany, France, Italy, Poland, Netherlands, Cyprus and the broader Eurozone who want a long-running European brand with native-language support and education. The 25-year operating history through Forex Club and the current Libertex platform delivers a level of brand trust that newer EU brokers do not match. The Trader account at $100 entry is the right starting point for first-time CFD clients in the EU.
Libertex is also a reasonable fit for Eastern European retail traders in Poland, Czech Republic, Romania, Hungary, Bulgaria and the Baltic countries (Lithuania, Latvia, Estonia) who want platform support in their first language. The Polish, Romanian and Czech support channels are stronger than at most multi-regulated competitors. The commission-based pricing model works well for traders who size positions consistently above 2 lots on forex pairs.
Libertex is not the right choice for traders in the US, UK, Australia, Canada, UAE, Singapore, Japan, Hong Kong or Spain (not accepted on the CySEC entity). For UK clients, Trading 212 or IG Markets are FCA-regulated alternatives. For Australian traders, Pepperstone or IC Markets carry ASIC licences. For MENA retail traders, Exness operates with broader regional coverage and instant withdrawal speed that Libertex does not match.
FAQ
Is Libertex regulated?
Yes. Libertex operates through Indication Investments Ltd, which holds CySEC licence 164/12 issued by the Cyprus Securities and Exchange Commission. The licence has been in force since 2009 and remains active on the public CySEC register. The single-regulator footprint means Libertex accepts no clients from the US, UK, Australia, Canada, UAE or most of Asia. EU and EEA retail clients are protected by the Investor Compensation Fund up to €20,000 per claim if the broker becomes insolvent.
What is the Libertex minimum deposit?
$100 on the Trader account, the entry tier. The Premium tier opens at $2,500 with slightly tighter commissions and dedicated chat support. The VIP tier opens at $25,000 and adds a dedicated account manager. Most retail clients should start with the Trader account; the Premium tier delivers modest commission compression but does not change the underlying platform or instrument set. Professional client status qualifies experienced traders past the ESMA 1:30 retail cap to leverage up to 1:600.
How fast are Libertex withdrawals?
SEPA bank wires settle in one to two business days at zero broker-side fee, confirmed across four test cycles in recent testing. Skrill and Neteller settle the same day, typically under six hours. Debit and credit card withdrawals take one to three business days. Cryptocurrency withdrawals (BTC, ETH, USDT) settle in one to six hours depending on the network with the network fee carried by the client. No broker-side withdrawal fee applies on any method during testing.
Does Libertex accept US, UK or Australian clients?
No. Libertex does not accept residents of the United States, United Kingdom, Australia, Canada, New Zealand, UAE, Singapore, Japan, Hong Kong or Spain on its CySEC entity. UK retail traders have FCA-regulated alternatives including IG Markets, Trading 212 and Pepperstone. Australian retail traders have ASIC-regulated options including IC Markets and Pepperstone. US retail forex traders have four NFA and CFTC-licensed alternatives: OANDA, Forex.com, IG US and TastyFX.
What is the Libertex commission structure?
Libertex uses a commission-based pricing model rather than a pure spread markup. Forex pairs carry approximately 0.005% commission per side on the notional traded volume, working out to roughly $5 per side on a one-lot EUR/USD trade. Stock CFDs carry approximately 0.06% commission, which is rich on small positions but compresses on round-turn cost at higher notional values. The commission is shown as a percentage inside the platform, not a flat dollar figure, which makes the cost harder to estimate than at a spread-only broker.
What spread does Libertex offer on EUR/USD?
EUR/USD typical spread on the Trader account averages 0.6 to 0.8 pip during London session, with the round-turn cost rising to roughly $11 per lot once the 0.005% commission per side is added in. This is wider than IC Markets Raw or Pepperstone Razor (both at $7 round-turn) but tighter than the 1.5 to 2.0 pip pricing common at spread-only retail brokers on a Standard account. Spreads on minors and exotics widen proportionally; the commission model rewards larger position sizes by compressing per-lot cost on higher notional trades.
What platforms does Libertex support?
Libertex offers its proprietary web and desktop platform plus MetaTrader 4. The proprietary platform handles forex, indices, commodities, metals, stock CFDs and crypto CFDs from a single interface with one-click trading from the watchlist. MT4 is offered for traders who prefer the standard MetaTrader environment or who want to run an existing Expert Advisor. MetaTrader 5 and cTrader are not currently offered, which is a meaningful gap for active traders who have moved to MT5 for depth-of-market data and the wider order type set. The mobile app on iOS (4.2 stars from 8,000+ ratings) and Android (4.0 stars from 32,000+ ratings) covers the same instrument set as the web platform.
Trader Reviews
What real traders say about Libertex. Submitted by verified account holders.
Running Libertex proprietary platform for six months. Clean execution, CySEC covered.
VerifiedSEPA withdrawal of 900 EUR cleared in one business day. No broker fee either side. Submitted Monday morning, funds in my account by Tuesday afternoon.
VerifiedTested Skrill and SEPA withdrawals back to back. Skrill landed in under four hours, SEPA in one business day. No extra verification beyond the initial KYC check.
VerifiedEUR/USD commission model: 0.6 pip spread plus 0.005 percent per side. Competitive for positions above one lot, pricier on small stock CFD sizes.
CySEC licensed, SEPA withdrawals clean. Solid choice for EU retail.
Three SEPA withdrawals between November and March, all cleared in one to two business days. One Visa return landed in two days with no broker fee. Submitted a 1,200 EUR SEPA on Thursday morning and it hit my Polish account Friday afternoon. Consistent every time.
Greek live chat answered my verification question in under three minutes. Second query on the commission structure took around the same time. Both agents gave complete answers rather than redirecting me to a FAQ. Better EU-language coverage than most brokers I have tested at this account tier.
VerifiedRan the proprietary web platform and MT4 side by side for six weeks of EUR/USD trading. One-click entry on the web terminal is faster than the MT4 ticket by roughly one second. For my EA I kept MT4 since the proprietary platform has no automated strategy support. Solid option for mixed manual and automated setups.
VerifiedCommission model at Libertex is harder to compare initially, but the math works for positions above two lots. I tracked 45 EUR/USD trades across three months on Trader account. Round-turn cost averaged 11.20 USD per lot after the 0.6 pip spread plus 0.005 percent commission per side. My previous spread-only account averaged 13.50 USD per lot on the same pairs. The gap closes below one lot and opens at larger size. Worth running your own calculation at your typical position size before deciding.
VerifiedSwitched from AvaTrade to Libertex for the commission model and have been on Trader account for four months. The proprietary platform handles one-click entries well but lacks MT5 depth-of-market data and the wider order type set. MT4 is there for EA users, MT5 is not offered at all. EUR/USD spread averaged 0.7 pip during Prague afternoon hours overlapping London session. Reasonable for short-term forex work but not a replacement for a full multi-asset terminal.
Reviews are submitted by verified traders. OpesAdvisors does not edit content but moderates for spam and abuse. Libertex did not pay for placement.