Libertex Scam Review – Investors Raise Serious Concerns
Libertex is a popular name among online trading platforms, and many user reviews called into question how they operate and treat customers. The trading platform markets itself as legitimate and as a safe way to trade, however, reports from other investors reveal concerning circumstances that call into question the broker’s legitimacy.
- Website – https://libertex.org/
- Website Availability – Yes
- Address – 10 Agiou Athanasiou, Ksenos building, 6th and 7th floor, Limassol, Cyprus, 4105, Cyprus
- Warned By – Not recommended by the review website like Reportscam
- Domain Age-
- Name-libertex.org
- Registry Domain ID-608b7d3f3e3f461990844236367e54a4-LROR
- Registered On-2016-07-06T13:29:17.749Z
- Expires On-2025-07-06T13:29:17.749Z
- Updated On-2024-06-10T09:54:49.475Z
Account mismanagement and riskily directed trading
An overwhelming amount of the complaints revolve around how accounts are mismanaged. Users have claimed that advisors will attempt to direct users into trades under the idea of “safe” trade strategies and this leads to huge losses. These trades happen uniformly without stop-losses and with aggressive multipliers, leaving the user very exposed and subject to huge risk.
Withdrawal Concerns and Poor Support
Other complaints detail real issues of withdrawing funds. Users have noted that after several months of trading, they are left with either a negative balance in their account or can’t withdraw their funds because the account they need to withdraw from is blocked. Users only have a few communications to customer support when a user create their account regarding documentation. From all of the complaints, users reported slow (or nonexistent) communication so it raised what was already questionable.
Users’ Reaction and the Regulation
Although a few users reported that their experience was positive (e.g., the interface was clean, deposits were fast), nearly all of the positive experiences were nullified by complaints of fund manipulations, document overreach, and blocked accounts. Whether users were misinformed in terms of their rights and whether the accounts actually are blocked we will never know, as the issue of regulation and lack of transparency on the posters is still murky. Users appear to have little recourse.
Frequently asked questions (FAQs)
Q1: Is Libertex regulated?
Libertex states that it is regulated, but due diligence is necessary. Always check with the regulatory authority directly before investing.
Q2: Are withdrawals from Libertex dependable?
Many user reports on Libertex issues about withdrawals being refused, or delayed especially in situations after making large trades, or after they have generated substantial profits.
Q3: Can you trust trade from Libertex?
Multiple investors claim that they were tricked into trades that resulted in total loss of funds. Be cautious when following advisor suggestions.
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