Libertex Exposed: Allegations of Fund Scams and Delayed Withdrawals Surface

Have you been made to take a loan from the Libertex official after losing in a trade? But did that also prove financially disastrous? Do you find varying experiences when depositing and withdrawing, with the former being smooth and the latter being worse? It is arguably the pattern for most traders as they share negative Libertex reviews online. In this article, we have discussed these complaints in greater detail. Read further!

Explaining Forex Trading Complaints Against Libertex

Fund Scam & Poor Loan Advice

Traders‘ losing capital on the Libertex platform is very normal, as per the many complaints made online. What annoys them is the subsequent loan advice offered by the broker officials, with a guarantee that the lost capital will be recovered. However, traders lose further. A trader highlighted these concerns on WikiFX, the world’s leading forex broker regulation inquiry app, when sharing the Libertex review.

The Fake Guaranteed Return Allegation Against Libertex

Guaranteed returns are never the case with forex trading investments. Returns can always fluctuate based on emerging developments, both fundamentally and technically. In an explosive complaint, a trader alleged that Libertex tricked him into trading with a ‘guaranteed return’ lure. The trader followed everything that was told to him. However, nothing turned out as the trader lost everything. He recounted his miserable trading experience through this negative Libertex review.

Deposit is Smooth, Withdrawal is NOT, the Trader Alleged

Contrasting styles symbolize the trading environment at Libertex. While traders do not find any issues with depositing capital, they find a plethora of issues when withdrawing. The broker officials keep pushing the Libertex withdrawal dates, adding to the traders frustration. Sharing below a sharp complaint on this critical forex trading issue.

Steps Followed Diligently, But Withdrawals Did Not Happen

A trader narrated that an individual entered through an affiliate program and tried to teach him forex trading for free. The trader started by depositing $100. However, as the trader attempted to withdraw $87, he had to complete a verification process. The trader followed everything as directed. However, the much-awaited Libertex withdrawal could not happen. The worst was a decrease in the trading account balance with every withdrawal request. The poor withdrawal experience led the trader to share the negative Libertex review online. Take a look!

Poor Trading Advisory, Complete Capital Loss. the Trader Claimed

A trader recounted how one bad trading step after six successful trades led to a complete loss of trading account balance. An analyst, hired by the broker, recommended that the trader should invest $3,500 in gas. As per the trader‘s statement, the trader faced a risk of 80% loss within minutes. The trader further alleged that the broker activated an auto boost, leading to increased trading and a negative balance. The assurance given by the official regarding the reinstatement of the balance proved false. Sharing a screenshot below that vividly describes the trader’s financial misery.

Libertex WikiFX Review: Check Out Score & Regulation

Complaints regarding complete fund loss and withdrawal denials do not do justice to Libertex, a regulated entity. However, it is based in Saint Vincent and the Grenadines, which is infamous for housing many brokerage firms with a poor trading track record. Considering several aspects, such as complaints and regulatory status, the WikiFX team gave Libertex a score of 6.50 out of 10.

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