CyprusRegulationCySEC (+offshore LBX)
Min. deposit$100
Leverage1:1 – 1:1000
PlatformsPropia, MT4, MT5
InstrumentsForex & CFDs
Founded1997
🏛️ Which entity will open your account?
📍 Pick your country above and we'll tell you exactly which entity opens your account at Libertex.
How is this decided and how do I verify it? →Regulation by region
The entity you sign with — and your protection — changes depending on where you live.
United Kingdom
Not authorized by the FCAMarket maker
No FCA authorization after Brexit; UK clients outside FSCS. Served via offshore entities (Forex Club International)European Union
CySEC with compensation schemeMarket maker
Indication Investments Ltd (164/12) — ICF up to €20,000. The most serious face of the group (CySEC partially suspended the license in Aug 2021, lifted the same month)United States
Doesn't provide service
No CFTC/NFA registrationAustralia
No ASIC license
Not listed with an ASIC AFSLRest of the world
Served by offshore entitiesMarket maker
Forex Club International LLC (SVG, reg. 1277 LLC 2021) and MAEX Limited (Mauritius, LBX brand) — no compensation scheme, leverage up to 1:999All licenses
Every regulator where the group holds a license, with its execution model. The entity that applies to you depends on your country (see above).
Account types
Libertex CFDForex/indices/commodities/stocks/crypto CFDs; up to 1:30 EU retail / 1:999 offshore; commission-based model
Libertex Portfoliounleveraged investing, real stocks/ETFs and fractions
Pros
—
Cons
✗Withdrawal complaints / confiscation
✗Outside your region, offshore entity
✗Very high leverage (more risk)
Breakdown by axis
The total score (out of 100) is the sum of the 7 axes, with the same yardstick for everyone. Below each one, the rationale with its source.
Regulation: Tier-1 + offshore14/22 pts
Why: CySEC 164/12 (Indication Investments) genuine for the EU; BUT steers clients to offshore entities (libertex.org / LBX Mauritius) with no protection. Forex Club Group
Withdrawals / payments: Delays / complaints4/20 pts
Why: FPA ~2.0/5: withdrawals delayed 6+ weeks, repeated document requests, rejections for 'name mismatch'; WikiFX 44 complaints
Fund safety: Segregated (no compensation)8/15 pts
Why: segregated (CySEC) + ICF EUR20k for EU retail; offshore with no coverage
Transparency: With caveats5/10 pts
Why: CySEC fine EUR160k (2020) + partial license suspension (2021, for misleading marketing, later lifted)
Reputation: Mixed5/10 pts
Why: founded 2012 (group since 1997); Trustpilot ~3.9 but WikiFX 6.49 + withdrawal complaints
Costs: Average4/8 pts
Why: EURUSD average spread; min $100
Flags detected
🚩[withdrawals] delays -> FPA ~2.0/5: withdrawals delayed 6+ weeks, repeated document requests, rejections for 'name mismatch'; WikiFX 44 complaints
Sources
Don't take our word for it — check it yourself. These are the official registries and legal pages we relied on.
🔗 CySEC registration — Indication Investments (164/12)🔗 CySEC partially suspends the license (2021, Finance Magnates)Trader reviews
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