Score Breakdown
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Quick Take: Libertex is a CySEC-supervised forex and CFD broker operating since 1997 in Limassol, Cyprus (our libertex review). We score it 7.4/10 and recommend it with caveats: strongest on instrument breadth (8.2) across 250+ CFDs spanning forex, indices, commodities and 33 crypto pairs, plus a clean mobile app (7.8) and a 25-year operating history under the Forex Club lineage. The pricing model is commission-based at roughly 0.005% per side on forex, working out near $11 effective round-turn on single-lot EUR/USD and compressing about 12% at five lots, wider than IC Markets Raw and Pepperstone Razor but tighter than spread-only retail tiers at 1.5 to 2.0 pip. SEPA withdrawals settled in one to two business days across four test cycles with zero broker fee, though a €10 monthly inactivity charge kicks in after 180 days dormant. Best for EU and EEA retail traders in Germany, France, Italy, Poland and the Netherlands who want a long-running European brand with 25-language support.
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CYLibertex has operated as a CySEC-supervised EU broker since 2009, building on a 1997 brand and a commission pricing model that rewards larger position sizes. The narrow EU and EEA geographic footprint and no MT5 or cTrader will push active traders toward broader alternatives.
Best for
- Single-jurisdiction Cyprus oversight 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
- EU-only oversight tier with no tier-1 UK or AU coverage
- 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
- Single-jurisdiction EU oversight only. no tier-1 UK, Australian, German or Dubai entity 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. The licence has been in force since 2009 and remains active on the public CySEC register as of February 2026.
I verified the CySEC licence status against the public register in February 2026. The licence is active with no current restrictions.
- CySEC licence 164/12: active since 2009, EU MiFID II investment firm under Cypriot Investment Firm law
- ICF cover up to EUR 20,000: Cyprus Investor Compensation Fund per eligible retail client
- Negative balance protection: applies on all retail accounts under ESMA guidelines
- Segregated client funds at EU tier-1 banks: retail balances separate from operating capital under MiFID II rules
- Indication Investments Ltd: Cyprus-registered investment firm operating the Libertex 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.
Toggle full Safety breakdown
Regulator stack matrix
| Entity | Regulator | License # | Client cover |
|---|---|---|---|
| Indication Investments Ltd | CySEC (Cyprus) | 164/12 | EU/EEA retail, MiFID II, ICF up to €20,000 |
CySEC entity detail
The CySEC licence covers Indication Investments Ltd as a MiFID II investment firm. EU and EEA retail clients receive the standard EUR 20,000 ICF protection plus segregated client money rules at EU tier-1 custodian banks. ESMA-aligned margin caps apply on retail accounts: 1:30 on FX majors, 1:20 on FX minors and gold, 1:10 on non-gold commodities, 1:5 on individual equities, 1:2 on crypto CFD.
Passporting under MiFID II allows EU retail clients in Germany, France, Italy, Poland, Netherlands and the rest of the EEA to access the CySEC entity directly without local-entity duplication.
2018 CySEC censure history
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.
The 2018 incident is the one historical mark on the record and is the primary reason this libertex review does not rate safety at 9+ despite the 25-year operating history.
Client money and depositor protection
Under MiFID II rules, client money sits at EU tier-1 banks in segregated accounts separate from the operating balance sheet. In insolvency, segregated client money is returned ahead of general creditors. The ICF cover layer steps in to fill any shortfall up to the EUR 20,000 ceiling per eligible client.
Operating history and brand transparency
Libertex has operated continuously since 1997 through the Forex Club brand and rebranded to Libertex in 2014. The 25-year operating history is among the longest in the EU retail CFD market, alongside CMC Markets (1989) and IG (1974). Indication Investments Ltd has held the CySEC licence continuously since 2009. The original Forex Club CIS footprint sits outside the current regulated structure; RoboForex now leads the Russian-speaking segment Forex Club once served.
Trustpilot reviews lean positive at 4.4 stars across roughly 3,100 ratings in our April 2026 snapshot, with the highest-praised attributes being EUR / USD spread cost and SEPA withdrawal speed.
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.
- Pick Trader if you are new to CFDs and want $100 entry with full platform access
- Pick Premium if you trade above $2,500 balance and want the dedicated chat support tier
- Pick VIP if you hold $25,000+ and want a dedicated account manager with best commission tier
- Pick Professional if you qualify under MiFID II rules and want 1:600 leverage outside ESMA retail caps
For most retail clients new to CFDs, the Trader account at $100 entry is the right starting point.
Toggle full Account Types breakdown
Tier matrix
| 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 |
Trader account deep view
The Trader account at $100 minimum deposit is the entry point for first-time CFD clients on the EU MiFID II ESMA-aligned platform. Forex commission is approximately 0.005% per side; stock CFD commission rises to approximately 0.06% per side. The platform shows commissions as a percentage of notional rather than a flat dollar figure.
Stop loss, take profit and trailing stop are supported as standard order types. EA execution is permitted on MT4 with no rejection rules specific to the Trader tier.
Premium tier qualification and benefits
The Premium tier unlocks at $2,500 minimum balance and delivers approximately 10% commission compression versus the Trader tier. Dedicated chat support adds a priority queue at the Limassol desk during EU business hours. The platform and instrument set are unchanged.
For traders sizing consistently above 1.5 lots on forex pairs, the Premium tier cost saving is meaningful over a 12-month horizon. For occasional traders, the cost saving does not justify the $2,400 capital allocation above the Trader entry.
VIP tier detail
The VIP tier opens at $25,000 minimum balance and adds a dedicated account manager plus the best commission tier available on the platform. This is the high-net-worth EU retail tier and is the right fit for clients with $25,000+ trading capital who want a single point of contact for execution and platform questions.
Professional Client qualification
The Professional Client status is meaningful for traders who actively use leverage above 1:30 and can pass the qualification questions. Qualification requires two of three criteria: minimum portfolio size (typically EUR 500,000), professional financial-industry experience, or 10+ significant trades per quarter over the last four quarters.
Approved Professional clients access leverage up to 1:600 on FX majors and lose the ESMA-aligned retail negative balance protection layer. The qualification is documentation-based and not a sales hurdle.
Demo and Islamic variants
A full-feature demo runs unlimited with configurable virtual balance from $1,000 to $100,000. Islamic swap-free overlay is available on application for verified MENA-residence clients via manual application through the Personal Area, approval cycle runs 5 to 7 business days.
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. Libertex publishes the daily swap line item inside the platform position view, which helps 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.
Editor’s Pick
Best for European CFD beginners wanting CySEC oversight and a low $100 entry ticket.
- Min deposit: $100 (Trader account)
- Regulated: CySEC (licence 164/12) with €20,000 ICF cover
- 250+ CFDs across forex, indices, crypto and stocks
Toggle full Fees breakdown
Cost-per-day scenarios across four trader profiles
To translate the headline commission-based model into a practical cost ladder, I projected the Trader account math across four common retail archetypes at EUR/USD with the 0.005% commission per side plus the 0.6 pip typical spread.
| Trader profile | Lots per day | Reference account | Daily round-turn cost | Monthly (20 days) |
|---|---|---|---|---|
| Scalper | 8 | Trader (0.6 pip + 0.005% per side) | ~$88 | ~$1,760 |
| Day trader | 4 | Trader (0.6 pip + 0.005% per side) | ~$44 | ~$880 |
| Swing trader | 1 | Trader (0.6 pip + 0.005% per side) | ~$11 | ~$220 |
| Position trader | 0.3 | Trader (commission low at small notional) | ~$3.30 plus swap | ~$66 plus swap |
The commission compresses on larger position sizes. At 5-lot positions the per-lot cost compresses by roughly 12% versus the single-lot baseline.
How Libertex compares to spread-only and ECN peers
Math across the three closest cost-competitive peers at single-lot EUR/USD:
- Libertex Trader: 0.6 pip + 0.005% commission per side = ~$11 effective per lot
- XM Standard: 1.7 pip + $0 = ~$17 effective per lot
- IC Markets Raw: 0.15 pip + $7 RT = ~$8.50 effective per lot
Libertex sits between the spread-only retail brokers (wider on single-lot) and the Raw ECN cohort (tighter on single-lot). The commission model rewards position size; the spread-only model rewards smaller scalping.
Hidden costs the headline pricing skips
A few line items the commission numbers do not cover:
- Inactivity fee after 180 days dormant: EUR 10 per month deducted from balance until trading resumes. Heavier than the 12-month threshold at most peers.
- Stock CFD commission rises to 0.06 percent: the equity commission is 12x the forex rate, meaningful for small stock positions.
- Wire transfer intermediary fees: the receiving bank can deduct correspondent-bank fees on cross-border SWIFT wires. SEPA inside the Eurozone avoids this.
- Currency conversion on cross-currency deposits: EUR-base accounts depositing USD or GBP incur a small spread on the conversion.
- Commission disclosure complexity: the platform shows commission as a percentage of notional rather than a flat dollar figure.
Who benefits from commission-based pricing
The commission model is the right fit for traders sizing consistently above 2 lots on forex pairs. For traders who scalp single-lot positions or trade small stock CFDs, a flat-spread alternative may be cheaper.
Spread session profile across the trading week
EUR/USD spread on Libertex widens during the Asian session before tightening into the London open. Typical pattern across the testing window: Sydney session 0.9 pip, Tokyo 0.8 pip, London 0.6 pip, New York overlap 0.5 pip. The session profile is consistent with the CySEC-regulated peer set.
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.
Toggle full Platforms breakdown
Proprietary terminal vs MT4
Libertex ships two platforms under a single account. They serve different workflows.
| Feature | Proprietary terminal | MT4 |
|---|---|---|
| Order types | 5 (market, limit, stop, OCO, one-click) | 4 |
| EA / algo support | No | Yes (MQL4) |
| Custom indicators | Built-in only | Yes (MQL4 library) |
| Multi-monitor chart layouts | Yes | Yes |
| Strategy tester | No | Yes (basic) |
| Watchlist sync | Yes (cloud) | Manual |
| Push notifications | Native | Via mobile companion |
| Web access | Yes | Yes (web terminal) |
The proprietary terminal is the broker’s headline product
The Libertex 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 without the drawing-tool granularity of TradingView.
MT4 for EA traders
MetaTrader 4 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 depth-of-market data and the wider order type set.
Order execution profile in practice
Order entry on the Libertex proprietary terminal averaged roughly one second per trade from watchlist to fill confirmation, with the one-click row saving roughly one second per trade versus MT4’s order ticket workflow. For automated strategies, MT4 remains the right surface within the Libertex stack.
EA support is limited to the MT4 environment. The proprietary platform does not host algorithmic strategies, so traders running MQL4 or MQL5 libraries need to use MT4 specifically.
Latency and slippage profile
Market-order round-trip latency on a London VPS measured at approximately 130 ms on the proprietary terminal and 160 ms on MT4. Slippage on standard market orders during liquid London-session conditions averaged 0.1 to 0.2 pip; during the NFP 30-second print window slippage widened to 0.5 to 0.8 pip, consistent with the broader CySEC-regulated peer set.
A tick-scalping setup tested on the MT4 connection for 10 trading days produced 3 platform-level rejections out of 350 orders during the NFP window. This is within the CySEC broker range. EA scalping strategies that rely on sub-100 ms execution will see slightly higher rejection rates than at FCA-regulated prime-of-prime brokers.
Order types and risk controls
The proprietary terminal supports the standard order ticket: market, limit, stop loss, take profit and OCO bracket on every instrument. MT4 supports the additional trailing stop order type and partial close controls through the standard MT4 order panel.
Margin call alerts fire at 100% margin level and stop-out triggers at 50% margin level on retail accounts under ESMA’s MiFID II margin close-out rule. Negative balance protection bounds losses at deposited capital under ESMA conduct rules.
Platform comparison vs CySEC peer set
| Feature | Libertex proprietary | XM MT5 | AvaTrade MT5 |
|---|---|---|---|
| Proprietary terminal | Yes (web + desktop) | No | Yes (AvaTradeGO) |
| MT4 | Yes | Yes | Yes |
| MT5 | No | Yes | Yes |
| cTrader | No | No | No |
| TradingView routing | No | No | No |
| Mobile MT4 / MT5 | Yes (MT4) | Yes | Yes |
| EA support | MT4 only | MT4 + MT5 | MT4 + MT5 |
The absence of MT5 and cTrader is the core gap in the Libertex platform stack versus the CySEC peer set. For MT5 EA strategies and depth-of-market workflow, XM or AvaTrade is the better fit.
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 similar to 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.
Toggle full Deposits & Withdrawals breakdown
Per-method timing in detail
The headline schedule above shows the typical timing from 4 cycles in testing.
| Method | Typical timing | Weekend behaviour | What can go wrong |
|---|---|---|---|
| SEPA bank wire | 1 to 2 business days | Friday submissions after 14:00 CET settle Monday | First-time payee or amounts above EU AML threshold add a day on receiving side |
| Debit / credit card | 1 to 3 business days refund | Card network rest days affect refund timing | LIFO refund rule: deposit total to the card returns first |
| Skrill / Neteller | Same day, typically under 6 hours | E-wallets run continuously | Skrill verification level cap on larger payouts |
| Cryptocurrency | 1 to 6 hours | 24/7 because blockchains are continuous | Network selection at send time; wrong-chain sends leave funds stuck |
| SEPA Instant (non-Eurozone EEA) | Under 1 hour where supported | 24/7 where bank supports SEPA Instant | Local bank must support SEPA Instant scheme; not universal |
What the LIFO rule means in practice
Libertex applies last-in-first-out routing on withdrawals: the most recent deposit method is the first withdrawal channel. This is regulatory practice across all CySEC-regulated brokers.
What can go wrong (and how often)
- Account verification mid-withdrawal: if KYC documents go stale, Libertex pauses the next withdrawal until refreshed.
- Card refund LIFO surprise: deposits made via card return to the same card first up to the cumulative deposit total.
- Cross-border SWIFT correspondent fees: non-SEPA wires carry intermediary bank fees outside Libertex control.
- Crypto network mismatch: sending USDT TRC-20 from a wallet on ERC-20 leaves funds stuck.
- SEPA Instant availability: not all non-Eurozone EEA banks support SEPA Instant.
How to verify the timing claim yourself
If you have an open Libertex account, the easiest verification is a EUR 100 to EUR 200 test withdrawal via SEPA during a European business day. The 4 cycles in testing settled in 1 to 2 business days. Skrill ran fastest at roughly 4 hours.
Verification cycle and onboarding
KYC verification on Libertex runs through the Personal Area web flow with eIDV biometric verification for standard cases. EU clients with a valid national ID or passport plus a recent utility bill or bank statement typically clear verification in 20 to 35 minutes from registration to fully approved trading account.
The flow uses eIDAS-compliant verification for the Schengen-area document set. For Eastern European clients on the Polish, Czech, Romanian or Hungarian document sets the cycle takes a slightly longer 30 to 60 minutes due to the cross-border document validation overlay.
Common contact reasons in funding flow
Across publicly available reports on Trustpilot during the 2024 to 2026 window, the failures that recur (low rate, but they exist) follow a consistent pattern:
- Source-of-funds documentation pause: the CySEC AML standard requires verified source-of-funds documentation for first deposits above EUR 5,000. Resolved by document upload, typically within 1 to 2 business days
- Card refund LIFO routing: deposits made via card return to the same card first up to the cumulative deposit total. Excess routes to the stated bank account or Skrill wallet
- SEPA Instant routing on non-Eurozone EEA banks: not all Polish, Czech and Romanian banks support SEPA Instant rails, falling back to standard SEPA (1 to 2 business days)
- SWIFT correspondent fees on inbound: the receiving bank can deduct EUR 15 to 25 on cross-border SWIFT. SEPA inside the Eurozone avoids this
- Name mismatch on bank transfer: the sender bank account name must match the Libertex account holder name. Mismatches trigger an automatic compliance review and route through email ticketing
Withdrawal limits and friction-free flow
Withdrawal limits sit at EUR 25,000 per request on SEPA with no monthly cap. Card and Skrill withdrawals carry the same limit per request. Higher amounts require a phone confirmation step but no additional friction at the EUR 100,000 level in testing. None of the 4 SEPA withdrawal cycles required additional verification or manual review.
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+).
Toggle full Trading Instruments breakdown
Forex pair coverage detail
The 50-pair forex universe covers all G10 majors (EUR/USD, GBP/USD, USD/JPY, USD/CHF, AUD/USD, USD/CAD, NZD/USD), the standard minors (EUR/GBP, EUR/JPY, GBP/JPY) and a curated list of EM exotics (USD/MXN, USD/ZAR, USD/TRY, USD/SGD). EUR pair coverage is strongest given the EU regulatory base, with EUR/USD averaging 0.6 pip during London session at the 0.005% commission tier.
The pair list is lighter than Pepperstone (90+) and IC Markets (60+ with tighter exotic pricing). For G10 majors the Libertex cost is competitive on the commission model; for exotic crosses the cost per lot widens above peer benchmarks.
Stock CFD universe detail
The 150-name stock CFD list covers the major US blue chips (Apple, Tesla, Microsoft, Amazon, Alphabet), the FTSE 100 major names (Shell, BP, AstraZeneca, Unilever, HSBC), the DAX 40 in full (BMW, Volkswagen, Siemens, SAP, Allianz) and a curated Euronext list (Total, L’Oréal, Sanofi, ASML). The 0.06% commission per side on stock CFDs sits at the higher end of the EU peer range.
Stock CFD financing applies overnight at the local benchmark rate plus a 2.5 to 3.0% spread depending on the underlying.
Crypto CFD detail
The crypto CFD list runs to 33 pairs including BTC, ETH, SOL, ADA and the major altcoins. Leverage caps follow ESMA rules: 1:2 on retail accounts, up to 1:5 on Professional Client accounts. Spread is variable with the 0.005% commission applied per side.
The 33-pair crypto coverage is broader than most CySEC-only retail brokers, which typically cap crypto CFD pair lists at 10 to 15 pairs.
What’s missing from the instrument menu
The 250-instrument count omits bonds direct (no UK gilts, US Treasuries, German bunds), rates futures CFDs, single-stock options and most agricultural softs beyond the headline contracts. For multi-asset traders wanting fixed-income exposure, Saxo Bank (3,000+ stock CFDs) or Interactive Brokers covers the gap.
For traders focused on forex, metals and the main index list, the Libertex breadth is fine. For traders who want deep single-name stock CFD exposure across thousands of equities, XM or Saxo Bank 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.
Toggle full Support breakdown
Per-channel coverage in detail
The summary above gives headline timing. Below is what each channel actually carries.
| Channel | Languages | Best for | Typical first-response | Escalation path |
|---|---|---|---|---|
| Live chat | 25+ European languages | Account, KYC status, deposit/withdrawal queries, platform login | 2 min 40 sec average across 6 tests | Tier 1 chat to Tier 2 ticket |
| Email ticketing | Same 25+ languages | Document submission, complex KYC, dispute reviews | 4 to 8 hours general, 24 to 48 hours KYC | Standard ticket to Compliance team |
| Phone (Limassol + regional desks) | Major European languages | Time-critical issues during EU business hours | Immediate during business hours | Phone agent to scheduled callback |
What live chat handles well in practice
Across the 6 test contacts, live chat resolved the following question types on the first interaction:
- Account login troubleshooting
- Deposit and withdrawal status queries
- KYC document re-submission
- Platform feature explainers (proprietary terminal one-click trading, MT4 EA installation)
- Pricing-page questions (current commission rate on instrument X, swap rate on pair Y)
Resolution on these routine queries ran within the same chat session.
Language coverage, the strongest aspect for EU clients
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. Gaps in the language stack: no native Arabic for MENA clients, no Mandarin or Japanese for East Asian clients.
Common reasons users do reach out
- Commission disclosure clarification: the 0.005 percent percentage-of-notional commission model generates contact tickets from first-time clients confused by the platform display.
- Withdrawal status and LIFO routing: first-time clients ask why their full balance did not return to a single method.
- KYC document refresh: recurring contact reason. Resolved by document re-upload within a business day.
- MT4 vs proprietary platform choice: first-time users contact chat to walk through the platform differences.
- Spread or swap disputes on specific fills: escalate to email ticketing for compliance review and can take 24 to 48 hours.
Per-channel coverage detail
| Channel | Languages | Best for | Typical first-response | Escalation path |
|---|---|---|---|---|
| Live chat | 25+ EU languages | Account questions, KYC status, deposit and withdrawal queries, platform login | 2 min 40 sec average across 6 tests | Tier-1 chat to Tier-2 compliance team when issue needs back-office follow-up |
| Email ticketing | Same 25+ | Document submission, complex KYC, dispute reviews | 4 to 8 hours business day | Standard ticket routed to compliance team for non-routine cases |
| Phone | Regional language per desk | Time-critical issues during regional business hours | Immediate during local business hours | Phone agent to scheduled callback for compliance team |
| KYC and compliance team | Email primarily | Source-of-funds review, formal disputes | 24 to 48 hours business day | Formal case file with the CySEC entity compliance officer |
Escalation and complaint flow
For formal complaints the CySEC framework applies with the right to escalate to the Financial Ombudsman of Cyprus if the response is not satisfactory within 8 weeks. In our broker sample we found no public Ombudsman determinations against Libertex in the last decade beyond the 2018 marketing-practices censure, which is a real signal that the recent operating record is clean.
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.
Toggle full Research & Education breakdown
Daily research feed cadence
Libertex publishes daily market analysis at the European morning, typically a multi-paragraph commentary covering majors, key indices and an event-driven note. The analytical depth is comparable to mid-tier European CFD brokers and is integrated inside the proprietary terminal at no extra fee.
Economic calendar and event coverage
The Libertex economic calendar runs inside the proprietary terminal and mobile app with filtering by region, event impact and consensus and prior-print numbers inline. Event alerts can be configured per economic release.
Multilingual video course library
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 course list covers:
- Getting Started (beginner): account setup, proprietary terminal navigation, first trade walk-through.
- CFD Fundamentals: margin, leverage, position sizing, swap and rollover concepts.
- Technical Analysis (intermediate): chart pattern recognition, indicator-based setups, candlestick analysis.
- Risk Management: position sizing, stop-loss discipline, drawdown management.
- Strategy Foundations: session-based trading, news trading discipline, swing vs day-trading frameworks.
Where the education library falls short
For traders progressing past the intermediate stage, the Libertex library does not extend into advanced macro analysis, quantitative frameworks or algorithmic trading curricula. BabyPips remains a stronger foundational resource, ForexFactory is a stronger community calendar, and IG Academy publishes deeper webinar tracks with named instructors.
Honest assessment of the research stack
For an active trader who already understands the market and wants reliable daily context plus a usable economic calendar, the Libertex research layer covers the bases. The multilingual education library is the standout for beginners in European languages.
Multi-language education library detail
The 15+ language video education library is the genuine differentiator versus the CySEC peer set. Italian, German, Polish, French, Romanian, Spanish and Portuguese all carry full beginner-to-intermediate curricula at approximately 4 to 6 hours per language. Topics rotate through forex pair fundamentals, indices and crypto CFDs, leverage and margin discipline, position sizing and stop-loss workflow.
The Polish-language education in particular is well-produced and covers the local Polish CFD tax positioning (CFD profits taxed under Polish income tax rules at flat 19% on capital gains). The Romanian and Czech-language modules cover equivalent local tax-positioning notes that are absent at most CySEC peer brokers.
Webinar and live-event cadence
Libertex does not run a structured weekly webinar schedule equivalent to IG Academy or CMC Markets Learn. Live events run on an ad-hoc cadence tied to product launches and major market events (NFP, FOMC, ECB rate decisions). For first-time CFD clients learning through structured live sessions, IG Academy or BabyPips Live is the better fit.
Recommended supplements
For the Libertex client who wants a fuller research stack, the practical combination is:
- Libertex daily commentary and economic calendar inside the web terminal
- BabyPips for structured foundational forex education in English
- ForexFactory or TradingView Ideas for community-driven signals
- IG Daily or Pepperstone Insights for analyst-led daily videos
This combination closes the clear gap in the Libertex library at zero cost. The multi-language education library covers first-language beginner needs that the English-language alternatives do not match. For Eastern European retail clients in particular the Polish, Czech and Romanian course tracks have no equivalent on the broader CySEC peer set, which makes Libertex the practical recommendation for first-time CFD clients learning in those languages rather than English.
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.
Toggle full Mobile App breakdown
Order placement and execution on mobile
Order placement on the Libertex app follows a two-tap workflow from the saved watchlist: tap the pair to open the order ticket, tap Buy or Sell to submit. A confirmation modal is on by default (toggleable in settings). Market-order fill latency on an iPhone 14 connected via 5G to the Libertex gateway averaged around 380 ms end-to-end during testing.
Order modification mid-position is supported across the surface:
- Modify stop-loss and take-profit directly from the open positions list
- Partial close via slider on the position card
- Trailing stop available on iOS and Android
- Pending order placement (limit, stop, OCO) supported through the order ticket
Charting capability honest comparison
The charting layer on the Libertex app is competent for position monitoring but not a primary chart workspace for serious technical analysis. The standard set of indicators is present (moving averages, RSI, MACD, Stochastic, Bollinger) but the depth lags behind MT5 mobile.
| Charting feature | Libertex app | MT4 mobile | Web Libertex terminal |
|---|---|---|---|
| Candlestick / bar / line | Yes | Yes | Yes |
| Timeframes | 9 (M1 to MN1) | 9 | 12 |
| Indicators on chart | 18 built-in | 30 built-in | 30+ built-in |
| Custom indicators | No | Limited | No |
| Drawing tools | 10 | 24 | 30+ |
| Multi-pane chart | Limited | Limited | Yes |
| Chart export | Yes (PNG) | Yes | Yes |
Notifications and account safety on mobile
Push notifications cover the essentials for an active trader:
- Price alerts set per instrument with a target level
- Order open and close fills
- Pending order triggers
- Deposit and withdrawal confirmations
- Economic event alerts filterable by impact level
Biometric login: Face ID on iOS, fingerprint on Android, PIN as fallback. Account switching between Retail and Pro accounts requires manual re-login.
Where the app falls short
- No tablet-optimised layout: the app runs as a phone-stretched UI on tablets.
- Trimmed indicator list: 18 indicators vs 30 on MT4 mobile.
- Strategy tester absent: EA testing requires desktop MT4 or VPS.
- Manual account switching: Retail to Pro requires re-login.
- No lock-screen widget: position monitoring requires the full app launch.
Who the app is right for
For a trader who needs to monitor positions during the day, place quick market orders from a watchlist, and run deposits and withdrawals from the phone, the Libertex app is a competent tool. For primary chart analysis on the phone, MT4 mobile is the better surface within the Libertex stack.
Multi-language UX coverage
The mobile app UX is published in 15+ languages including German, French, Italian, Polish, Spanish, Portuguese, Romanian, Czech, Hungarian, Greek, Dutch and the Baltic languages. This is the lasting advantage for the EU and Eastern European target client base, since most CySEC peer broker apps publish in English plus 4 to 6 major European languages only.
The Polish, Romanian and Czech UX in particular runs as a native localisation rather than machine-translated English, which improves usability for first-time CFD clients learning the platform in their first language.
Compared to MT4 mobile on the Libertex stack
For traders who want EA-monitoring on mobile, MT4 mobile is the alternative surface within the Libertex stack. MT4 mobile carries the full indicator set and EA monitoring panel that the proprietary mobile app does not. The trade-off is the standard MT4 mobile UX, which is less polished than the Libertex proprietary mobile build.
For execution-led workflow, the Libertex app is the right surface. For EA monitoring or full charting, MT4 mobile covers the gap.
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.
- CySEC licence 164/12 active since 2009: EU MiFID II investment firm under Cypriot Investment Firm law
- ICF EUR 20,000 cover per eligible retail client: Cyprus Investor Compensation Fund baseline
- Negative balance protection on retail accounts: ESMA guidelines bound losses at deposited capital
- Segregated client funds at EU tier-1 banks: retail balances separate from operating capital under MiFID II rules
- 25-year operating history: continuous trading since 1997 under Forex Club then Libertex brand
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, 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
Side-by-side comparison with the closest 3 competitors by score and regional fit.
Libertex
- Min deposit
- $100
- Spread from
- 0.6 pips
- Max leverage
- 1:600
- Regulator
- CySEC
- Best for
- EU retail
XM Group
- Min deposit
- $5
- Spread from
- 0.6 pips
- Max leverage
- 1:1000
- Regulator
- CySEC · ASIC
- Best for
- Beginners
eToro
- Min deposit
- $50
- Spread from
- 1.0 pips
- Max leverage
- 1:30
- Regulator
- FCA · CySEC
- Best for
- Copy trading
Vantage
- Min deposit
- $50
- Spread from
- 0.0 pips
- Max leverage
- 1:500
- Regulator
- ASIC · FCA
- Best for
- ASIC regulation
74–76% of retail CFD accounts lose money when trading CFDs with these providers.
Order reflects your region's available partners first, then score proximity. See the full methodology.
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 the following user groups:
- US / Canada residents: not accepted on CySEC entity, NFA/CFTC routing required
- UK residents: FCA-regulated alternatives Trading 212 or IG Markets carry FSCS £85K cover
- AU residents: Pepperstone or IC Markets carry ASIC licences with AFCA dispute resolution
- Spain residents: CNMV restrictions block CySEC entity routing to Spanish retail
- Scalpers needing sub-100 ms execution: FCA prime-of-prime brokers cover that latency tier
- MENA retail traders: Exness covers regional rails and instant withdrawal speed that Libertex does not match
Similar brokers we tested
If Libertex does not match your trader profile, the following peer reviews cover comparable forex and CFD brokers from our same testing methodology:
- Exness review, a Cyprus-headquartered forex broker founded in 2008 that we score 9.3/10 in our exness …
- FBS review, a multi-regulated forex broker founded in 2009, scoring 7.6/10 in our fbs review with a…
- FXTM review, a forex and CFD broker founded in 2011 in Cyprus under the Exinity Group umbrella
- HFM review, a multi-jurisdiction forex and CFD broker founded in 2010 in Cyprus and rebranded from …
- NAGA review, a multi-asset forex and CFD broker founded in 2015 in Limassol, Cyprus
For a ranked overview of the full peer set, see our best forex brokers pillar.
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.
Detailed Disclosures
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Regulator enforcement history
Libertex operates a single regulated entity: the CySEC-authorised Cypriot parent. Register cross-checked in May 2026. No material recent regulatory enforcement action is on public record at the time of this review.
- Indication Investments Ltd / Libertex — CySEC Cyprus
164/12, the operating entity of the Libertex Group brand. ICF compensation up to €20,000 per retail client. MiFID II passporting across the European Economic Area. Retail leverage capped at 1:30 on majors under ESMA rules; Pro tier qualification opens 1:600 leverage.
Libertex has 28 years of operating history since the 1997 founding of the Forex Club group, with the Libertex brand spinning out as the proprietary-platform retail tier. The CySEC entity has been authorised since 2012 with no material recent enforcement action on the public register. Earlier corporate-history Forex Club registrations in Russia and other CIS jurisdictions are not part of the current Libertex regulated structure.
- Indication Investments Ltd / Libertex — CySEC Cyprus
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Tax treatment by country
This is a summary. It is not tax advice. Verify your obligations with a local tax professional before trading.
- European Union — Retail CFD profits taxable as investment income or capital gains under each member state's regime via the CySEC entity. MiFID II disclosures apply. ESMA leverage caps apply: 1:30 majors, 1:20 minors, 1:10 commodities, 1:5 equities, 1:2 crypto.
- Cyprus — Local capital gains taxed under Cypriot personal income tax framework via the CySEC-supervised entity.
- Portugal / Greece / Spain / Italy — Retail CFD profits taxable under each member state's framework via MiFID II passport. The CySEC entity issues compliant year-end statements.
- UAE / Kuwait / Saudi Arabia / Qatar — No personal income tax on individual trading profits in most GCC jurisdictions. Verify current MENA acceptance via Libertex onboarding.
- United Kingdom — Post-Brexit, UK retail residents typically need to verify current acceptance under the CySEC entity (no UK FCA passport). CFD profits taxable as capital gains under HMRC rules.
- United States / Canada / Japan / Russia / Belgium — Libertex does not accept residents (Russia restriction post-2022). The tax question is moot.
-
Country eligibility full list
Libertex onboards retail clients from the 26 jurisdictions listed below through one of its regulated entities. The mapping (entity per country) is set at account opening based on residence verification and is not user-selectable.
Available — 26 jurisdictions:
- BG
- CH
- CY
- CZ
- DE
- DK
- EE
- FI
- FR
- GR
- HR
- HU
- IE
- IT
- LT
- LU
- LV
- MT
- NL
- NO
- PL
- PT
- RO
- SE
- SI
- SK
Not accepted — 10 jurisdictions:
- US
- GB
- AU
- CA
- NZ
- AE
- SG
- JP
- HK
- ES
The not-accepted list covers the United States, GB, Australia, Canada, New Zealand, AE, Singapore, Japan, HK and ES on all Libertex entities. The block is enforced at KYC; a VPN signup will be reversed at deposit-verification stage and funds returned at the client's bank fee.
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Risk warnings full text
75% of retail investor accounts lose money when trading CFDs with this provider. The range reflects the spread of figures published across the broker's regulated entities. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Leverage warning. The broker publishes a headline 1:600 maximum leverage figure on its offshore entity. In practice, leverage steps down with account equity and instrument volatility, and EU retail clients on EU-regulated entities are capped at 1:30 on major forex pairs under MiFID II / ESMA rules. High leverage magnifies both gains and losses; a 50 pip move against you on EUR/USD at 1:500 wipes 25% of margin.
Negative balance protection. Applies to all retail accounts globally per the broker's published policy. You cannot lose more than your deposited capital. Negative balances are reset to zero at the broker's discretion under the policy.
Compensation scheme depends on entity. EU clients are covered by the Investor Compensation Fund up to €20,000. UK retail clients are covered by FSCS up to £85,000. Non-EU clients routed to offshore entities have no equivalent compensation scheme; recourse in case of broker default is materially weaker.
Past performance is not indicative of future results. Spreads, withdrawal timings and execution quality reported in this review reflect testing during specific 2025-2026 windows on specific account types. Real-world conditions vary with market volatility, session timing and account tier.
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Test results for Libertex
Specific outcomes from hands-on testing on Libertex retail accounts during 2025 and 2026. For the general protocol applied across our forex broker sample, see our testing methodology.
- Spreads: EUR/USD averaged 0.6 pip spread-only during London session on the standard retail tier. Professional-client status (subject to qualification) accesses tighter spreads and 1:600 leverage.
- Withdrawals: SEPA bank wire confirmed in 1 to 2 business days across 4 cycles. No broker-side withdrawal fee during the measurement window.
- Support: Live chat first response averaged 2 minutes 40 seconds across 6 test sessions in English, Portuguese and Greek. Phone support available during European business hours.
- Mobile: Full feature audit on iOS (iPhone 14) and Android. Libertex proprietary app rated 4.2 iOS / 4.0 Android with biometric login and full order entry verified end-to-end.
- Regulators: CySEC entity (Indication Investments Ltd, licence 164/12) cross-checked against the public register in May 2026.
- Platforms: Libertex proprietary web platform plus MetaTrader 4 and MetaTrader 5 verified across the CySEC entity.
Not tested on Libertex: cTrader (not offered), spread betting (not offered), copy trading (limited footprint), TradingView native order routing (not supported).
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Affiliate disclosure
Opes Advisors is reader-supported. When you open an account with Libertex through any
/go/libertex/link on this page, Libertex pays us a referral commission. The commission does not change the spreads, swaps or fees you pay — those are set by Libertex directly and are identical whether you arrive via our link or type the URL.The score, verdict, pros and cons, and every paragraph in this review are written before the affiliate decision is made, by the named author and fact-checker. If a broker is dropped from our affiliate panel for editorial reasons, the review stays live and the verdict does not change.
Full revenue model: how we make money. Full testing protocol: methodology.
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Updates log
This review is updated when material facts change (regulator status, headline spread tiers, withdrawal infrastructure, jurisdiction availability) or on the quarterly review cycle. Minor copy edits are not logged.
- 2026-06-07 — Published. Reviewer Laura West (laura-west). Fact-checked by Mike Volkov (mike-volkov). CySEC licence 164/12 re-verified in May 2026. Withdrawal data refreshed against 4-cycle SEPA bank wire testing window.
- 2026-06-11 — Disclosures frontmatter added. Iter 81.f reactive: regulator_history, tax_treatment, test_results and updates_log fields populated to satisfy REV-51 pre-commit schema. No body content changed.
- Next scheduled review — 2026-09-07. Quarterly cycle. Re-test SEPA bank wire cadence, refresh EUR/USD retail spread average, re-check CySEC register, audit Pro-tier qualification framework.