Libertex Review 2026

What you need to know about Libertex

This Libertex review gives you a balanced picture of a broker that has been active since 1997 under the Libertex Group. The EU-facing legal entity is Indication Investments Ltd, authorised by the Cyprus Securities and Exchange Commission under licence 164/12, with offices in Limassol. You get a proprietary web and mobile platform alongside MetaTrader 4 and MetaTrader 5, and the broker currently advertises more than 1,000 trading instruments across forex, indices, commodities, equities, ETFs and crypto CFDs.

There are two things you need to accept before going any further as a UK reader. The first is that Libertex holds no current authorisation from the Financial Conduct Authority. The FCA Financial Services Register lists its EU entity, Indication Investments Ltd, as a firm that previously passported into the UK, with its UK permission cancelled since 27 May 2024, and Libertex's own website states that the entity is exiting the Temporary Permission Regime and will no longer accept clients from the United Kingdom. You therefore do not get FSCS protection up to £85,000. The second is that FCA retail rules would restrict leverage to 1:30 on major forex, 1:20 on indices and 1:5 on equities, and the FCA has banned CFDs on crypto assets for UK retail clients outright.

The mandated risk disclosure applies: Libertex states that 83% of retail investor accounts lose money when trading CFDs with this provider. Product access, fees and protections also vary by group entity, with EU retail trading under CySEC rules and any international onboarding routed through offshore entities that carry no UK retail protections.

Regulation and Safety

Regulatory Licences

In the EU, Libertex is operated by Indication Investments Ltd., a Cyprus Investment Firm regulated by CySEC under CIF licence 164/12 and based in Limassol, Cyprus. This is the entity that onboards EU and EEA clients and operates under the MiFID framework. You can confirm the licence directly on the CySEC public register of Cypriot investment firms.

The wider Libertex group references additional authorisations. The FSCA in South Africa supervises a group entity, and offshore registrations include the Financial Services Commission in Mauritius and the Vanuatu Financial Services Commission. International and Latin American clients are typically onboarded through Forex Club International LLC in St. Vincent and the Grenadines or through MAEX Limited.

The critical point for you is that none of these authorisations is a current FCA authorisation. The UK permission the EU entity held through its EEA passport is shown on the FCA register as cancelled since 27 May 2024, and Libertex states that Indication Investments Ltd will no longer accept clients from the United Kingdom.

Client Fund Protection

For clients onboarded through the CySEC entity, Libertex states that client money is held in segregated accounts separated from company funds, and full KYC verification is required before trading. EU retail clients under CySEC also benefit from negative balance protection and leverage caps aligned with ESMA.

UK retail clients do not get the equivalent FCA framework. There is no FSCS cover up to £85,000 and no route to the Financial Ombudsman Service for a new account, because post-Brexit the CySEC licence no longer passports into the UK and the EU entity's UK permission has been cancelled. Libertex states that Indication Investments Ltd will no longer accept UK clients, and we found no statement confirming whether its offshore entities accept UK residents. If one did, its segregation, negative balance and compensation terms would not be harmonised with UK retail protections, so verify in writing which entity you are contracting with before funding.

Company History and Reputation

Libertex is the retail brand of the Forex Club International group, founded in 1997. That is a long operating history by broker standards and the brand is widely recognised across Europe and Latin America. According to third-party industry data, ForexBrokers.com assigns Libertex a trust score of 79 out of 99, which reflects the active CySEC licence without upgrading for Tier 1 oversight.

One piece of misinformation deserves an early flag. Some third-party listings still describe Libertex as FCA-regulated. That is out of date: the FCA Financial Services Register lists the EU entity, Indication Investments Ltd, as a firm that previously passported into the UK, with its UK permission cancelled since 27 May 2024. Check the register yourself before relying on any listing.

Account Types and Fees

Libertex keeps the account structure simple. You get three main options:

• Retail CFD account for forex, indices, commodities, equities, ETFs, options and (where available) crypto CFDs.
• Libertex Portfolio, which allows clients to invest in stocks and ETFs with zero trading commission, subject to the applicable terms and market-related costs.
• Free demo account to practise on the proprietary platform or on MetaTrader before funding.

Minimum deposit requirements vary by region and payment method. Check the applicable Libertex terms for the account and payment method being used.

CFD commissions start from 0% depending on the instrument. Spreads are variable, overnight financing may apply to CFD positions, and other charges can apply depending on the account, transaction method and applicable terms.

The UK angle on fees is simpler than it looks. Because there is no FCA onboarding, you would not receive FSCS protection on any balance you hold with Libertex, and the fee framework governing your account would be set by a non-UK entity under rules outside the FCA perimeter.

Trading Platforms and Tools

The platform choice is one of the stronger points of the offering. You can trade on the Libertex proprietary platform, available as a web app and as a mobile app for iOS and Android, or on MetaTrader 4 and MetaTrader 5. The proprietary platform leans into clean order entry, integrated charting and a simplified instrument browser, which suits beginners and discretionary traders.

If you want full programmability, the MetaTrader side gives you what you expect:

• Expert Advisors for automated strategies on MT4 and MT5.
• Built-in strategy testers to backtest EAs before deploying them live.
• Hedging, scalping and trailing stops.
• One-click trading from the chart.

Two gaps are worth noting. Libertex does not advertise a proprietary VPS hosting service, so traders running MT4 or MT5 Expert Advisors may need to use an external VPS. Copy-trading functionality is available through the MetaTrader ecosystem, with availability depending on the account and entity.

As an example of how this plays out in practice, consider the following setup:

Suppose you wanted to run two EAs on EUR/USD and GBP/USD overnight. You would open MT4 or MT5 with Libertex, load each EA, backtest it with the built-in strategy tester, and then rent a VPS from an independent provider to keep the terminals running when your computer is off. The broker itself would not host the VPS for you.

For a UK reader, the practical conclusion is that platform access would depend on which entity you were routed to. Any copy trading or crypto CFD exposure sits with the offshore arm, which places you outside UK retail protections.

Markets and Instruments

The instrument catalogue is broad. Libertex currently advertises more than 1,000 trading instruments across the main asset classes, including:

• A range of major, minor and other forex currency pairs.
• Stock CFDs on international equities alongside other CFD markets.
• ETF exposure through the CFD offering, with availability varying by platform and entity.
• Major stock indices and commodity CFDs.
• Options CFDs.
• Cryptocurrency CFDs, subject to the applicable entity and jurisdiction (not available to UK retail, see below).

Instrument availability varies by entity, and the differences shape what you can actually trade:

• The CySEC arm follows EU product governance and ESMA leverage limits.
• The offshore entities list more speculative markets and higher leverage.
• Libertex Portfolio on the EU entity offers investment in stocks and ETFs with zero trading commission as a separate product line, alongside the CFDs offered elsewhere.

The UK restriction is explicit and comes from the regulator. The FCA has banned CFDs on crypto assets for UK retail clients. Because Libertex holds no FCA authorisation and no part of the group is cleared to onboard UK retail clients, you cannot lawfully receive crypto CFDs from Libertex as a UK retail client.

Trading Costs and Conditions

Libertex uses variable spreads and instrument-dependent commissions for CFD trading. Its current terms state that CFD commissions start from 0%, with the applicable spread and commission depending on the underlying asset. On the proprietary Libertex platform, spreads are variable and commissions start from 0%, depending on the instrument, with a minimum trade size of $10.

The applicable commission and spread structure varies by entity, platform and instrument, and the current pricing should be checked against the relevant account's specification. You should treat the all-in cost (spread plus commission in pip terms) as the figure that drives your real expense, with the headline spread alone giving only part of the picture.

Leverage policies deserve special attention, and the caps differ sharply between entities:

• Under CySEC, EU retail leverage is capped at 1:30 on major forex pairs, 1:20 on major indices and 1:5 on equities, in line with ESMA.
• Leverage varies by entity, platform, instrument and exposure. On the CySEC entity, retail leverage is capped at 1:30 on major currency pairs and falls to 1:2 on crypto. The much higher leverage advertised elsewhere in the group, up to 1:999 and up to 1:2000 on MT5 under specified exposure conditions, applies to offshore entities, not to EU retail clients.
• For context, FCA retail rules would cap you at 1:30 on major forex, 1:20 on indices and 1:5 on equities, with crypto CFDs prohibited entirely for UK retail.

Spreads are variable and depend on the instrument, platform and market conditions. The applicable spread should be checked in Libertex's current trading specifications. The 83% retail CFD loss figure Libertex publishes in its risk disclosure is a reminder that higher leverage does not shorten the path to profit.

Imagine you placed a one-lot EUR/USD trade on the proprietary platform. Your round-trip cost would be the applicable commission plus the spread converted to currency value, and you would need the market to move enough to cover both legs before any profit begins to accumulate.

Deposits and Withdrawals

Funding options are reasonably broad for a European CFD broker. On the deposit side you can use:

• Bank or wire transfer.
• Credit card and debit card.
• PayPal.
• Skrill and Neteller.
• iDeal, Trustly and Przelewy24 for European local rails.

Withdrawals are routed back through a narrower set of channels:

• Bank or wire transfer
• Cards
• PayPal
• Skrill
• Neteller

The broker indicates that withdrawal fees apply for some payment methods, although the exact fee schedule is not confirmed from an official broker source and can vary by entity, so you should check it inside the cashier before you request your first payout.

Two practical points for UK readers. First, GBP funding support and conversion fees are not confirmed in official documentation, so if your account base currency is EUR you may incur conversion costs on every top-up and withdrawal from a GBP source. Second, any card or bank network may apply its own cross-border fees, which the broker does not control.

Customer Support and Education

Contact channels are standard, and you can reach Libertex through:

• Email.
• A web contact form.
• Telephone.
• Social media accounts.

Libertex provides multilingual customer support through live chat, email and regional phone channels.

The education suite is aimed squarely at beginners. You get platform tutorials that walk you through the proprietary interface and MetaTrader basics, webinars that explain CFD mechanics and risk, and articles covering topics such as leverage, margin calls and position sizing. It is useful onboarding content, although it does not replace independent trading education or structured risk management training.

If you were onboarded through an offshore entity, complaint handling and dispute resolution would not follow FCA rules or the UK Financial Ombudsman Service. That changes what you can realistically expect if a dispute escalates, and it is worth factoring in before you deposit.

Libertex vs The Competition

It helps to see Libertex alongside two brokers we have also reviewed. Tickmill is the closer fit for a UK reader: its UK entity is authorised by the FCA, so eligible UK retail clients get FSCS cover up to £85,000, FCA leverage caps of 1:30 on major forex and 1:20 on indices, no crypto CFDs and negative balance protection. For a UK reader, that regulatory footprint is a material advantage that Libertex cannot match.

FP Markets is a useful pricing benchmark. Its raw-spread accounts start from 0.0 pips with a separate commission, which active traders and scalpers often prefer to the Libertex percentage-based commission. It is not FCA-authorised either, so a UK reader would face a similar protection gap. On an all-in-cost basis, run the comparison on the specific instruments and lot sizes you actually trade, because the two pricing models can produce different outcomes depending on volume and volatility.

The takeaway for a UK retail reader is practical. FCA-authorised alternatives provide stronger retail protections, clearer disclosures and FSCS coverage, none of which you get if your Libertex account sits with an offshore entity. If you value the Libertex proprietary platform or its catalogue, you still need to accept that the UK retail wrapper around that product does not exist.

Clearing Up the Misinformation

One claim circulates online and deserves direct correction. Some third-party listings state that Libertex is FCA-regulated in the United Kingdom. That is no longer true. The FCA Financial Services Register lists Indication Investments Ltd under firm reference number 584522 as an EEA-based firm that previously passported into the UK, with its status shown as cancelled since 27 May 2024. Libertex's own website states that the entity is exiting the Temporary Permission Regime and will no longer accept clients from the United Kingdom.

The confusion is understandable, because the EEA passport was real before Brexit. CySEC authorisation granted to Indication Investments Ltd under licence 164/12 covers:

• Cyprus
• The EU and EEA, through MiFID

Post-Brexit, that passport no longer extends to the United Kingdom, and the FCA treats incoming firms separately. CySEC authorisation does not grant UK retail protections and does not entitle a firm to onboard UK retail clients.

You can verify this for yourself in two steps:

• Search the FCA Financial Services Register for Libertex, Indication Investments and Forex Club International.
• Cross-check any licence numbers you see online against the CySEC register of Cypriot investment firms at https://www.cysec.gov.cy/en-GB/entities/investment-firms/cypriot/.

If you were onboarded without an FCA-authorised counterparty, you would have no FSCS cover up to £85,000 and no access to the Financial Ombudsman Service.

Conclusion

Libertex is a legitimate CySEC-regulated broker. Indication Investments Ltd holds licence 164/12, the group has operated since 1997, the platform suite covers both a proprietary offering and MetaTrader, and the instrument catalogue is broad. For EU retail clients onboarded through the CySEC entity, it is a credible option subject to the usual costs and leverage caveats.

For UK retail clients, the verdict is different. Libertex holds no current FCA authorisation: the EU entity's UK permission is shown as cancelled on the FCA register, and Libertex states that Indication Investments Ltd will no longer accept clients from the United Kingdom. There is no FSCS protection up to £85,000, and crypto CFDs are banned for UK retail clients regardless of the broker's offering. If an offshore group entity accepted you, the account would carry no UK retail protections, which is a material downgrade in your legal position.

The practical next step for a UK reader is to compare FCA-authorised brokers side by side, focusing on real all-in costs, platform fit for your strategy, product coverage and the quality of the retail protections you actually get. Keep the risk statement in mind as you shop: 83% of retail investor accounts lose money when trading CFDs with this provider, and that figure is representative of the sector as a whole.