Firstly, our law firm is an expert in financial fraud . Indeed, we are a network of European experts working on European, French and Cypriot legislation. Our goal is to help traders with Forex disputes . Through European, French and Cypriot legislation, our experts try to recover the lost funds of the victims. For this, we try to keep you informed of the threats that exist on the trading platforms through articles for various brokers. Thanks to our analysis on Libertex, you can find out if it is a scam or not, but also users and our opinion for the platform.
I / Who is the Libertex broker?
Libertex has been operating since 1997. According to their website, they are a trustworthy international brand with over 20 years of experience in financial markets and online transactions. Libertex customers come from 110 countries worldwide.
According to their website, Libertex is also one of the world leaders in the industry. The company has won more than 40 international awards around the world. With its innovative products and services, this leadership position is strengthened each year, whether in its ubiquitous market or in the new markets where the company is entering. These different information could reassure a future trader, however, by continuing the article you will be able to read the opinions on Libertex users and their dissatisfaction.
Libertex is a trading platform owned by Indication Investments Ltd. group, a Cypriot investment company, which is regulated and supervised by the Cyprus Securities and Exchange Commission (CySEC) with CIF license number 164/12.
II / The warning from Libertex
As for Forex 24 (put the link to the article), Libertex gives the risks that the trading platforms can entail. Indeed, at the bottom of the website you can read: “Risk Warning: Trading leveraged products like CFDs involves a high risk of loss and may not be suitable for all investors. 83% of retail investor accounts lose money when trading CFDs with this provider. Trading such products is risky and you can lose all of your invested capital.”
It seems that Libertex is warning its consumers about the different risks can occur on trading platforms. This is exceptional, since many competing brokers do not. To go further, Libertex, gives you access to a complete pdf including the various warnings and risks. You can access this document here.
As a beginner or hobbyist trader, you should be aware that it is very rare to earn large sums through trading platforms. Brokers or Introduce Brokers like Laurent Chenot generally sell you “dreams” by promising you unrealistic objectives. In the case of Libertex, you are warned of the risks involved.
III / How does Libertex work?
Libertex is generally aimed at beginners, since the broker offers them training in order to better understand the different functionalities of trading platforms but also to better understand the financial markets. There are about thirty videos available, supposedly to improve your skills.
(Source : https://cryptonaute.fr/libertex-avis/)
Thereafter, you can practice with a demo account. However, you must register to use it. Unlike other brokers, you can only register on one type of account. Indeed, everyone has the same on Libertex. This allows you a minimum deposit of maximum € 100, regardless of the payment method you use.
(Source : https://cryptonaute.fr/libertex-avis/)
There are different payment methods possible with Libertex. You can see the detail in the picture below.
In terms of platforms, you can use the Libertex, Metatrader 4 and Metatrader 5 platform.
IV / Users: their opinions on Libertex
To properly analyze the Libertex broker, we have collected some user reviews thanks to Trustpilot.
We have tried to collect as many opinions as possible on Libertex. However, there are a lot of negative reviews. The opinions review that they are recent, but the same problems often come up: withdrawals, suspended accounts, and the rapid loss of money.
V / Our opinion on this broker
Although Libertex warns you about trading platforms and possible loss of money, you must remain attentive to Libertex. Indeed, the various negative opinions are not at all reassuring!
Can we say that Libertex is a scam? No, since there is no official evidence. However, as a network of law firms specializing in financial fraud, we invite you to be vigilant about your investments and the advice you may get from them.
We will not hesitate to answer your questions on the trading platforms. To do this, contact us via our contact form on the website.
We have been banned by Libertex
While we were doing research to write this article on the Libertex broker website, we were temporarily banned from the website. You can see the screenshot below:
We don’t know what happened. However, by clicking on the Cloudflare link, we have access to this page. It says, “You visited a Cloudflare customer’s website and something went wrong. Don’t worry, it’s not your fault. If the issue is not resolved within a few minutes, it is most likely an issue with the web server you tried to reach.
Cloudflare protects websites by standing in front of internet requests, and we are working with website owners and hosting providers to identify underlying issues in their server configuration.”
If you decide to buy stocks on their platform, the risk is much greater than in our case, since we are just doing the research for this article. For a so-called leader in trading platforms, there shouldn’t be any such security concerns. Note that when we finished the article, we were still banned.