17/9/ · blogger.com profile provided by Mariliis Uibomae, Aug 31, Forex Club International LTD is one of a group of global Forex Club companies with over offices in Russia and CIS and Eastern Europe. Forex Club is the only foreign exchange broker in the industry to receive an ISO international certificate for its quality operations Libertex is a Safe forex broker. Regulated - CySEC Company - FOREX CLUB INTERNATIONAL LIMITED. To find the more best forex brokers reviews Listed Libertex Review - is blogger.com scam or safe?
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Check out the best brokers list for ! Website Libertex. com Country Russia Regulation FSCA Established Maximum Leverage Website Libertex. Top Forex Brokers More » Get Started advertiser, forex club libertex review. name Review Libertex Review 30 August Review Regulation and Security Fees What Can I Trade Account Types Trading Platforms Unique Features Research and Education Customer Support Bonuses and Promotions Opening an Account Deposits and Withdrawals General Information FAQs Forex club libertex review Bottom Line Broker Comparison User Reviews Review Libertex is a Cypriot broker operating since but had its CySEC license suspended on August 3 rd The regulator cited lapses with compliance concerning the offering and marketing of CFD products to retail traders.
The suspension will impact trading services, which prompted me to conduct a review considering the South African subsidiary of Libertex. Can you trust Libertex, or should you avoid the potential negative fallout? Summary Libertex Overview: A Wide Range of Cryptocurrencies But a Suspended Regulatory License. I like the cryptocurrency selection and the competitive commission-free trading environment at Libertex.
Beginner traders get a3 -hour educational program, and I recommend they consider it. With that in mind, I cannot ignore the suspended CySEC license, forex club libertex review. Therefore, I urge potential clients to monitor the CySEC investigation and await the outcome.
Libertex Main Features Retail Loss Rate I always recommend traders to check for regulation and verify it with the regulator by checking the provided license with forex club libertex review database. Libertex presents clients with one regulated entity and one with a suspended license. Libertex caters to 2. It has stood the test of time, but I must stress that the CySEC suspended the Libertex license on August 3 rd Per the CySEC announcement, Libertex allegedly violated the following: 1.
Article 42 of Regulation EU no. Article 22 1 of the Law, as the company, does not appear to comply at all times with the condition for authorization provided in article 17 2 of the Law, regarding the organizational requirements. Article 25 1 of the Law, as the company does not appear to act honestly, forex club libertex review, fairly and professionally when providing investment services to clients, in accordance with the best interests of the clients.
Article 25 3 a of the Law, as the company, does not appear to provide information, including marketing communications, forex club libertex review, to its clients or potential clients that is fair, clear, and not misleading.
Libertex has until September 17 th, to respond to and resolve the accusations, forex club libertex review. Until then, it remains prohibited from accepting new clients or from marketing its products and services. We are fully cooperating with the CySEC on all aspects and firmly maintain that we have been and continue to be in full compliance of all regulations. Our immediate focus is on our customers, ensuring that they are not adversely affected by the situation, while we work with the regulator to recall the suspension.
com, it does not impact the South African one, accessible at Libertex, forex club libertex review. Despite the overall good reputation of Libertex, I will once again stress that traders should exercise caution. The accusations of the CySEC portray an unfair broker taking advantage of retail traders who lack the knowledge to understand. The FSCA-regulated entity segregates client deposits from corporate funds and offers negative balance protection, as does the suspended CySEC unit.
One final note: Libertex is part of the Russian-based company Forex Club, the name visible when installing MT4. Forex Club has a history of regulatory violations and fines. It left the US inwhile it had its Russian operating license revoked inwhich did not stop it from promoting its services. It ranks among the best industry-wide. Equity trading at Libertex is also commission-free, making it one of the best-priced brokers. Spread Commission per Round Lot Cost per 1.
One of the most ignored trading costs is swap rates on leveraged overnight positions. Depending on the trading strategy, it may become the most significant fee per trade, forex club libertex review.
I always recommend that traders check them before evaluating forex club libertex review total trading costs. Right-click on the desired symbol in the Market Forex club libertex review window and select Specification.
Scroll down until you see Swap Long and Swap Short. Taking a 1. Libertex maintains 50 currency pairs, 73 cryptocurrency pairs, 17 commodities, 26 index CFDs, forex club libertex review, equity CFDs, forex club libertex review, and ten ETFs, forex club libertex review. The asset selection is average, except for cryptocurrencies, where Libertex ranks among the Top Asset List and Leverage Overview Currency Pairs 50 Cryptocurrency Pairs 73 Commodities and Metals 17 Index CFDs 26 Equity CFDs Bonds 0 ETFs 10 Options, Futures, and Synthetics 0 Maximum Retail Leverage Maximum Pro Leverage Libertex Leverage Libertex grants a maximum leverage ofwhich I find competitive for active traders, as it expands the flexibility of traders and boosts profitability.
Negative balance protection exists, an essential tool for leveraged trading, forex club libertex review. Libertex Trading Hours Asset Class From To Cryptocurrencies Monday Sunday Forex Monday Thursday Forex Friday Friday Commodities Monday Thursday Commodities Friday Friday European CFDs Monday Friday US CFDs Monday Friday Please note that equity and index CFDs do not trade continuously but open and close each day at the above specified times.
Scroll down until you see Sessions. Libertex fails to provide details about its account types, but I like that Libertex treats all traders equally. Each one gets the same account type and trading conditions, and there is no upgrade for more substantial deposits. Forex club libertex review web-based trading platform features a clean interface and a built-in signal forex club libertex review. Signals were part of the reason CySEC suspended its license. I like the information provided for each asset, and it includes the Trading Central Web TV.
At the same time, I cannot ignore the suspended CySEC license. Libertex offers in-house analytics embedded within its proprietary trading platform. They consist of a recommendation under the asset without details, forex club libertex review are part of the reason the CySEC suspended its license, as the regulator determined Libertex did not act in good faith. I recommend caution for any trader acting based on Libertex research. Beginner traders get a 3-hour trading course, broken down into easy-to-read lessons.
I could access five of them, forex club libertex review, which are text-only and take less than ten minutes to read. Unfortunately, I was unable to find the rest of the advertised course. The back office does not reference it, neither does the trading platform. Customer support is available via live chat, Telegram, WhatsApp, e-mail, and web form.
Libertex does not list operating hours or a phone number but claims hour support. The FAQ section attempts to answer a range of questions, and Libertex states its response time as one business day for e-mail queries. I recommend traders engage via live chat or messengers. It forces trading, and I cannot recommend it. A Loyalty Program is also available, but Libertex does not outline the benefits to the trading conditions.
It prides itself on more trading signals, and I want to stress again that they were part of the reason for the suspension of its CySEC license. The bonuses and promotions are only available from its South African subsidiary, and I advise traders to stay away from them. Opening an account at Libertex requires only a valid e-mail and desired password. It grants access to the back office, forex club libertex review trades must confirm their e-mail, phone number, and trading account.
I prefer an account opening process handled from one application rather than the split approach at Libertex. I like the flexibility Libertex grants traders when constructing their deposit and portfolio-building strategies. The suspended CySEC subsidiary offers PayPal, Jeton, Sofort, iDEAL, Trustly, GiroPay, SEPA, Multibanco, P24, BLIK, Rapid Transfer, eps, and vouchers via Paysafecard and Teleingreso, forex club libertex review.
Libertex offers only four deposit and withdrawal methods from its South African subsidiary, the only one accepting clients. The processing times and fees depend on the payment processors, while Libertex does not levy internal costs. I prefer more payment processors, and cryptocurrencies remain missing, despite the excellent choice of tradable assets in this sector. Company Information Broker's Name : Libertex Headquarters : Russia Regulation : FSCA Account Information Type of Broker : Market Maker U.
With its CySEC license suspended and previous regulatory violations but its forex club libertex review Forex Club Libertex lacks reliability. Is Libertex legal? Libertex is forex club libertex review registered and operates a legal entity but presently has its CySEC license suspended. How do I withdraw from Libertex? The back office handles withdrawal requests at Libertex.
Is Libertex an ECN? Libertex is not an ECN but operates as a market maker. I like the trading experience at Libertex due to its competitive, commission-free trading costs and its superb cryptocurrency selection. Regrettably, it is where the positives end. I cannot ignore the CySEC suspension, especially with the regulatory issues from its owner, Forex Club, forex club libertex review, and its history of regulatory violations, fines, and revoked licenses.
I urge extreme caution when dealing with Libertex. At the bare minimum, recommend traders await the outcome of the CySEC suspension, as the accusations suggest Libertex does not act in the best interest of traders and deploys misleading marketing and services.
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Libertex Review By FX Empire
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17/9/ · blogger.com profile provided by Mariliis Uibomae, Aug 31, Forex Club International LTD is one of a group of global Forex Club companies with over offices in Russia and CIS and Eastern Europe. Forex Club is the only foreign exchange broker in the industry to receive an ISO international certificate for its quality operations Libertex is a Safe forex broker. Regulated - CySEC Company - FOREX CLUB INTERNATIONAL LIMITED. To find the more best forex brokers reviews Listed Libertex Review - is blogger.com scam or safe?
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