- Regulator
- Capital Markets Authority (CMA)
- Local company
- Not yet verified
- Licence number
- —
- M-Pesa
- Not confirmed
Broker review · Checked
Libertex review 2026: is Libertex legit in Kenya and South Africa?
Libertex is a broker founded in 1997 that review sites list as FSCA-regulated, but none names the South African company or FSP number, and TradeFX's own data contradicts itself. Until we confirm it on the register, treat it as unverified. It is not licensed in Kenya.
- Founded1997
- 🇰🇪 CMANot licensed
- 🇿🇦 FSCAChecking
- Minimum depositAbout $10
- M-PesaNot confirmed
Is Libertex regulated? Licence by country
- Regulator
- Financial Sector Conduct Authority (FSCA)
- Local company
- Not yet verified
- Licence number
- —
Listed as FSCA-regulated by review sites, but none names the South African company or FSP number. We are checking it on the FSCA register.
A licence means someone supervises the broker. It does not make trading safe: most retail CFD accounts lose money.
About Libertex
Libertex offers CFDs on its own platform and on MT4 and MT5. TradeFX describes commission-based pricing on some assets and spreads on others, with figures that conflict, so check pricing with the broker.
Who Libertex suits, and who should look elsewhere
Good fit if you
- want a simple app and accept an unconfirmed South African status
Look elsewhere if you
- are in Kenya
- need a confirmed FSCA company
Libertex account types and minimum deposit
| Account | Minimum deposit | Pricing |
|---|---|---|
| Libertex account | About $10 | Commission on some assets, spreads on others |
Libertex fees: spreads, commission and other charges
| Inactivity fee | €10 a month on inactive accounts under €5,000, per TradeFX |
Work out the cost of a trade before you place it with our pip value and profit and loss calculators.
Libertex deposits and withdrawals in Kenya and South Africa
🇰🇪 Kenya
- Libertex is not on the CMA register. If it accepts you, your account sits with an offshore company and you have no CMA complaints route.
- No Kenyan payment method confirmed. Expect cards, bank wire or e-wallets such as Skrill and Neteller.
🇿🇦 South Africa
- FSCA status listed by review sites; company and FSP number not confirmed.
M-Pesa limits, rand EFT, cards, e-wallets and the payment scams to avoid: read our deposits and withdrawals guide.
Libertex trading platforms
- Libertex web and app
- MetaTrader 4
- MetaTrader 5
Is your money safe with Libertex?
- South African status unconfirmed.
- No negative balance protection, per TradeFX.
Libertex pros and cons
Pros
- Low minimum
- Own app plus MT4 and MT5
Cons
- FSCA company not confirmed
- Inactivity fee
- Conflicting fee data
Our real-money test of Libertex
Coming
We will open a Libertex account, deposit, place a trade and withdraw, then publish the screenshots, the time each step took and every fee we paid.
Libertex withdrawal time: reports from traders
How long do Libertex withdrawals really take?
Loading reports…
Median of reports from traders. Not checked by us; our own tests are marked separately.
Withdrawal stuck or refused at Libertex? Get a ready complaint letter and the right regulator contact with our complaint desk →
Libertex: questions people ask
Is Libertex regulated in Kenya?
No. Libertex is not licensed by the CMA. It may still accept clients from Kenya through an offshore company, but you would have no CMA protection or local complaints route.
Is Libertex regulated by the FSCA in South Africa?
Not confirmed. We have not yet matched Libertex to an FSCA licence number, so it gets no “Visit” button for South Africa until we do. Listed as FSCA-regulated by review sites, but none names the South African company or FSP number. We are checking it on the FSCA register.
Is Libertex regulated in South Africa?
Review sites list it as FSCA-regulated, but we have not found the South African company or FSP number.
Sources for this review (checked 29 Oct 2026)
Fees, minimums and payment methods change and can differ by the company you sign with. Confirm them on the broker's site before you deposit. Spotted something out of date? Tell us.