Libertex review
Libertex is a CFD and multi-asset trading platform operated by Indication Investments Ltd, part of a group that has traded under various brands since 1997 (formerly Forex Club) before relaunching as Libertex in 2012. Its EU-facing entity is licensed by the Cyprus Securities and Exchange Commission (CySEC, licence 164/12) and passports into the EEA and Switzerland under MiFID, with a registered presence at Germany's BaFin for cross-border marketing. Independent broker reviews report the wider group also runs less-regulated offshore entities under Mauritius's FSC and Vanuatu's VFSC, plus a South African FSCA registration — regimes with materially weaker investor protections than CySEC, so it is worth confirming which entity actually holds an account before funding it. Libertex offers CFDs on stocks, forex, crypto, commodities, indices and ETFs via a proprietary platform, MT4 and MT5.
Libertex key facts
- Website: libertex.com
- Category: CFD / multi-asset broker
- Founded: 2012 (Libertex brand); group active since 1997 as Forex Club
- Headquarters: Limassol, Cyprus
- Regulation: CySEC (Cyprus, licence 164/12) for the EU entity; offshore FSC Mauritius/VFSC Vanuatu entities and an FSCA South Africa registration reported for other regions
- Platforms: Proprietary Libertex platform, MetaTrader 4, MetaTrader 5
- Markets: 1,000+ CFDs across stocks, forex, crypto, commodities, indices and ETFs
- Fee model: Per-side commission (around €5-€6) rather than a spread markup, plus a monthly inactivity fee after 6 months dormant
- FYI Score: 88/100 (ranked #31 of the 136 CFD brokers we track)
Regulation & licences
- Indication Investments Ltd, the entity behind the Libertex brand, is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC) under licence 164/12, passporting into the EEA and Switzerland under MiFID.
- The group is registered with Germany's BaFin for cross-border marketing into the German market — a registration, not a separate domestic licence.
- CySEC partially suspended Indication Investments' licence in August 2021 over compliance concerns; the suspension was lifted the same month.
- Independent broker reviews report the wider Libertex/Forex Club group also runs offshore entities licensed by Mauritius's FSC and Vanuatu's VFSC, plus a South African FSCA registration — regimes with materially weaker investor-protection standards than CySEC.
Spreads & fees
- Libertex prices trades on a per-side commission rather than a spread markup: around €5 per side on the native Libertex platform and around €6 per side on MT4/MT5.
- Independent spread testing found EUR/USD trading close to raw interbank levels (0.0-0.3 pips) before commission, tighter than typical retail-broker markups.
- A monthly inactivity fee (around €10) applies after 6 consecutive months without a trade.
- Withdrawal fees vary by payment method; deposits are generally free.
Platforms & tools
- Its own proprietary Libertex web and mobile platform, built around a simplified, multiplier-based CFD interface.
- MetaTrader 4 and MetaTrader 5, available on desktop, web and mobile, for traders who want conventional charting and EA support.
- Demo accounts are available across all supported platforms.
Markets & instruments
- CFDs on stocks (1,000+ names), forex pairs (45+), cryptocurrencies (100+), commodities, indices and ETFs.
- A small selection of bond and vanilla-option CFDs rounds out the offering.
- Total tradeable symbol count runs into the low thousands depending on the account and platform used.
Account types
- Three functionally similar account variants differentiated by platform: Libertex, MT4 and MT5.
- Retail accounts are capped at 1:30 leverage under EU/CySEC rules; an eligible-client 'Pro' classification can unlock higher leverage with reduced retail protections.
- Base currencies are limited to EUR, CHF and PLN.
- A separate Invest account is available for buying exchange-traded equities outright rather than trading them as CFDs.
Markets
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Platforms
Libertex, MetaTrader 4, MetaTrader 5
Who Libertex is for
For an individual trader, the CySEC-regulated Libertex entity offers standard EU retail protections and tight nominal spreads, but leverage is capped at 1:30 and it's worth checking which specific Libertex entity — and which regulator — actually holds the account before funding it.
Pros
- CySEC-regulated EU entity with negative balance protection and Investor Compensation Fund membership
- Commission-based pricing with close-to-raw spreads on major pairs rather than wide fixed markups
- Choice between a simplified proprietary platform and standard MT4/MT5
- Broad CFD range spanning stocks, crypto, forex, commodities and indices
Cons
- The wider group reportedly also operates offshore entities (Mauritius FSC, Vanuatu VFSC) with materially weaker protections than the CySEC entity — worth confirming which entity holds an account before funding it
- CySEC briefly suspended the main licence in August 2021 over compliance issues
- Per-side commission pricing is harder to compare directly against spread-only competitors
- Base-currency choice is limited to EUR, CHF and PLN
Libertex FAQ
Is Libertex regulated?
Its main EU-facing entity, Indication Investments Ltd, is licensed by CySEC in Cyprus (licence 164/12) and passports into the EEA under MiFID. Independent broker reviews report the wider group also runs offshore entities under Mauritius's FSC and Vanuatu's VFSC, plus a South African FSCA registration — regimes with weaker investor protections than CySEC, so it's worth confirming which entity holds an account.
What happened with Libertex and CySEC in 2021?
CySEC partially suspended Indication Investments Ltd's licence in August 2021 over compliance concerns. The suspension was lifted later that same month after the company addressed the issues.
How does Libertex charge for trades?
Libertex uses a per-side commission model — around €5 per side on its own platform and around €6 per side on MT4/MT5 — rather than marking up the spread, alongside a monthly inactivity fee after 6 dormant months.
What platforms does Libertex offer?
A proprietary Libertex web and mobile platform with a simplified CFD interface, plus standard MetaTrader 4 and MetaTrader 5 for traders who want conventional charting and EA support.
Compare Libertex with other CFD brokers
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