Libertex

The CySEC licence was confirmed on the register, and MAEX LIMITED was confirmed as a licensed investment dealer in Mauritius. The international site is operated by Forex Club International LLC, a St Vincent company for which no financial licence is named, and CySEC partially suspended the Cyprus licence in 2021.

• StrengthIndication Investments Ltd holds CySEC licence 164/12, issued 31 January 2012; the register lists libertex.com and libertex.de as approved domains.
• StrengthMAEX LIMITED is listed on the Financial Services Commission of Mauritius register as an investment dealer (full service dealer excluding underwriting), licensed on 17 November 2020.
• HighLibertex.org is operated by Forex Club International LLC, registered in St Vincent and the Grenadines (1277 LLC 2021). Its footer names no regulator for this company, and Libertex says clients are assigned to Forex Club International LLC or MAEX LIMITED according to their location.
• HighCySEC partially suspended the licence of Indication Investments Ltd on 3 August 2021 and recalled the suspension on 23 August 2021 (see Conduct).
• ObservationLibertex says its group is licensed by South Africa’s FSCA and the Vanuatu Financial Services Commission without naming the companies. We found no Libertex, Forex Club or MAEX company on the FSCA’s register of financial services providers or its list of OTC derivative providers, or on the VFSC’s list of licensed financial dealers.

The contracting companies are identifiable on registers, but the group’s owner is not disclosed. The Cyprus company publishes audited prudential disclosures; no accounts were found for the international companies.

• StrengthIndication Investments Ltd publishes annual Pillar III disclosures; the 2024 report shows own funds of €53.2 million and an own funds ratio of 652.78% at 31 December 2024.
• MediumNo owner is disclosed. The global LEI system lists Libertex Holding (Cyprus) LTD as parent of Forex Club International LLC, while Libertex Holding, Indication Investments Ltd and MAEX LIMITED report no parent company.

Clients of the Cyprus company are covered by CySEC’s Investor Compensation Fund, and its client agreement provides for segregated client money and negative balance protection. Clients of the international site contract with companies outside any compensation scheme, one of which is not shown to be supervised by any financial regulator.

• StrengthIndication Investments Ltd states that it participates in the Investor Compensation Fund, keeps client money in segregated accounts and applies negative balance protection.
• HighClients of Forex Club International LLC and MAEX LIMITED fall outside any investor compensation scheme, and Forex Club International LLC is not shown to be supervised by any financial regulator. The international site states that losses are limited to the amount deposited; card payments are handled by Holcomb Finance Limited of Cyprus.

Not assessed in a desk audit. Spreads, slippage and fill quality can only be measured with live accounts.

CySEC reached a €160,000 settlement with the Cyprus company in 2020 over best execution, organisational requirements and the EU’s leverage limits, and in August 2021 partially suspended its licence for 20 days over its CFD marketing. No later action was found.

• HighOn 9 March 2020 CySEC’s board reached a €160,000 settlement with Indication Investments Ltd (announced 29 May 2020) for possible violations found in an on-site investigation of 9 November 2018, covering best execution of client orders, organisational requirements, and the EU’s 1:30 leverage limit and margin close-out protection for retail CFD clients. The company paid the amount.
• HighOn 3 August 2021 CySEC partially suspended the licence of Indication Investments Ltd, barring it from taking new clients and from advertising, over suspected breaches of the EU’s restrictions on marketing CFDs to retail clients, organisational requirements, the duty to act honestly, fairly and professionally, and the duty to give information that is fair, clear and not misleading. CySEC recalled the suspension on 23 August 2021 after the company removed a commission discount offer and a “give away” campaign from its websites and social media and adopted a new marketing approval process.
• ObservationForex Club International LLC or the Libertex brand have been named as unauthorised by regulators in Russia (Bank of Russia, 2021), Ukraine (NSSMC, 2024) and the Dominican Republic (SIMV, 2023). Under our methodology these warnings are recorded but not scored.
• ObservationThe international site offered leverage of up to 1:999 and a 100% welcome bonus on the first deposit, up to $10,000, which converts into withdrawable funds as the client pays trading commissions (archived 8 October 2026 and 28 April 2025). Under our methodology offshore incentives are recorded but not scored where lawful.

Not assessed in a desk audit. Uptime, incident history and security controls require evidence from the firm or live monitoring.

Libertex reported Great Place to Work certification in January 2023, which is outside our 24-month window. It reports sponsoring the Apollon wheelchair basketball team in Limassol since 2023 as part of its community commitment.

• ObservationNo current Great Place to Work certification was found; the certification Libertex announced on 16 January 2023 is more than 24 months old.
• ObservationThe Apollon wheelchair basketball sponsorship is reported by Libertex itself, without amounts. Its other sponsorships, including Formula 1 and football clubs, are commercial and are not counted.