Libertex Review – Is It A Scam? Finding An Answer
Are you interested in trading forex? There is definitely a lot of money to be made in the Forex markets, but it is first vital to choose the right broker. Many people have run across the name Libertex and some remain skeptical. Is this broker worth your time and effort or is it simply a scam that should be avoided that all costs? The answer is not so clear and each trader will need to make their own opinion to determine whether or not Libertex is right for them. So, is Libertex right for you? Use the information below and allow it to guide you to a more definite decision.
Have you been scammed by LibertEx?
Getting To Know Libertex
First and foremost, you should introduce yourself to Libertex, which actually strands for Liberty Exchange. This web-based trading platform has gained a lot of attention during the past few years. It was originally launched in 2015 and is currently owned and operated by Forex Club International and Indications Investments. Both are members of the Forex Club group, which is based out of Russia. This group has a history dating back to 1997, so it has a great history and an even better reputation.
Libertex is regulated by CySEC and falls within the jurisdiction of Cyprus. Indications Investments, which plays a major role in operating this exchange, obtained a license from CySEC in January of 2012. CySEC isn’t the most reputable financial authority in the world, but it is nice to know that Libertex’s owners are willing to abide by some laws and regulations.
While you’re at it, you should acquaint yourself with Libertex’s offerings. Can you trade with this company and what can be traded on their exchange? First and foremost, you should know that Libertex is open to almost everyone, expect traders residing in the United States and Canada. It also comes with an Android and iOS app. The platform gives traders the opportunity to trade a wide variety of currencies, including AUD, NZD, RUB, CAD, Yuan, USD, and more. A minimum deposit of $250 is required, in order to get your account up and running. These features definitely help to make Libertex look like a good choice for many modern traders.
Advantages Of Libertex
It is also important to note that Libertex is certified by Finacom or The Financial Commission. While this might not be a governmental agency, it is a well-respected independent international service that ensures brokers are trustworthy. Finacom offers an extra level of reassurance to the trader. Another reason a lot of traders prefer Libertex is the fact that the trading platform is so simplistic and clean. The platform gives users the option of trading in 150 unique asset types and 6 classes, including currencies, metals, shares, agriculture, oil and gas, and indices.
And of course, Libertex provides all users with access to a demo trading account. This makes it very easy to gain a grasp of Forex, before jumping in headfirst. So, there is ultimately a lot to like about Libertex. Is it right for you? Make sure you are aware of the company’s fees before signing up!
This looks legit to me.. have you been able to withdraw profits with Libertex?