# Libertex — MetaTrader 5 Cyprus research scope · Indication Investments Ltd. Some details unconfirmed. Reference page: /demo-accounts/libertex-mt5-cy.html Documentation research, not account or execution testing. Research regions do not establish residence eligibility. Requires Verification is an evidence gap, not proof of unavailability. Source conflicts and product/entity qualifications must remain attached to claims. Demo results do not establish live trading performance. ## Research checked 2026-10-12 ## Testing status Not tested ## Recorded virtual amount Requires Verification ## Recorded currency Requires Verification ## Virtual funds EUR 50,000 advertised ## Balance qualifications Whether this balance applies identically to all three platforms is unresolved. ## Expiry category conditional ## Expiry rule No fixed duration while active ## Expiry qualifications See documented terms for scope and exceptions. ## Evidence category Some details unconfirmed ## Signup requirements See the documented terms below. Account opening has not been tested. ## Notes and remaining checks Confirm exact inactivity threshold and platform-specific virtual funds/currency rules Verify reset procedure and limits; FAQ wording is qualified Check eligible countries and actual demo signup for intended visitor residence ## Record ID libertex-mt5-cy ## Broker Libertex ## Legal entity Indication Investments Ltd ## Research region codes - CY ## Research region code CY ## Research region Cyprus ## Research scope Cyprus ## Platform code mt5 ## Platform MetaTrader 5 ## Documented terms Advertises EUR 50,000; Forex CFDs available. Basic registration, no deposit/card/payment-method verification/full KYC to begin. No fixed duration while active and subject to terms. Dedicated page mentions all three platforms; whether balance/activity rules are identical across them is unresolved. FAQ says balance can typically be reset, without exact procedure. ## Entity assignment Selected libertex.com demo footer names Indication Investments Ltd; CySEC independently approves the exact domain. This finding excludes libertex.org and other group entities. ## Eligibility and regional limits libertex.com is the Cyprus/EEA and Switzerland offering, subject to country-specific terms. No worldwide availability inferred. ## What the evidence establishes Official demo page and FAQ refreshed directly; availability documented, not signup-tested ## Supporting sources - [Libertex.com demo account]() — source ID: libertex-3 - [Libertex — getting a demo account]() — source ID: libertex-4 ## Official information source [Libertex.com demo account]() ## Entity and regulatory research ### Evidence status Verified ### Legal entity Indication Investments Ltd ### Regulator Cyprus Securities and Exchange Commission (CySEC) ### Finding Direct CySEC current entity record confirms licence 164/12 and approves libertex.com. Record lists receipt/transmission, execution and dealing on own account for financial-instrument categories 1–10; lists Switzerland for outside-EU services subject to local rules. The historical partial suspension was recalled on 23 August 2021, so that old suspension must not be reported as current. ### Scope Selected libertex.com demo footer names Indication Investments Ltd; CySEC independently approves the exact domain. This finding excludes libertex.org and other group entities. ### Supporting sources - [CySEC — Indication Investments Ltd]() — source ID: libertex-reg-1 - [CySEC — recall of partial suspension, 23 August 2021]() — source ID: libertex-reg-2 - [Libertex.com demo account]() — source ID: libertex-reg-3 - [Libertex — getting a demo account]() — source ID: libertex-reg-4 ## Official entry route ### Route type demo-page ### Notes and remaining checks Broker demo page; select your platform to continue. ### Evidence status Official entry route ### URL https://libertex.com/demo-account ### Route source https://libertex.com/demo-account ### Research checked 2026-10-13 ### Testing status Not tested ## Execution and demo realism ### Scope Indication Investments Ltd · CY · MetaTrader 4, MetaTrader 5, Libertex web/mobile. Public documentation; no account or execution tests. ### Testing status Not tested ### Contractual role #### Finding Principal #### Evidence status Documented #### Notes and remaining checks Policy9.1 expressly describes principal-to-principal CFD execution. It also permits third-party STP execution; that routing permission alone does not establish agency or a different contractual capacity. Account-level route remains unverified. #### Supporting sources - [Indication Investments CFD Best Execution summary]() — source ID: ex-b-libertex-policy #### Research checked 2026-10-13 ### Execution arrangement #### Finding Dealing desk or STP #### Evidence status Broker-reported #### Notes and remaining checks Policy9.1 expressly permits dealing-desk execution and discretionary third-party STP. This is a policy range, not a claim that every trade uses both. #### Supporting sources - [Indication Investments CFD Best Execution summary]() — source ID: ex-b-libertex-policy #### Research checked 2026-10-13 ### Demo realism #### Finding Requires Verification #### Evidence status Requires Verification #### Notes and remaining checks Proprietary-platform FAQ describes simulated funds and close replication but does not specify slippage, liquidity, rejection or charge omissions; MT4/MT5 need separate disclosure. #### Supporting sources - [Libertex beginners FAQ]() — source ID: ex-b-libertex-demo #### Research checked 2026-10-13 ### Research review #### Research checked 2026-10-13 #### Review outcome Reviewed official documentation: role Principal; arrangement Dealing desk or STP; demo Requires Verification. No accounts opened or tested. #### Remaining checks - Confirm whether any separately agreed contractual capacity applies and map execution routes by platform/account; obtain precise demo simulation omissions. ## Demo markets ### Scope Indication Investments Ltd · Cyprus · MetaTrader 5. Market coverage not yet reviewed. ### Testing status Not tested ### Forex CFDs #### Evidence status Requires Verification #### Notes and remaining checks Forex CFD demo access has not been established for this entity and platform. #### Supporting sources No supporting source recorded for this field. #### Research checked Requires Verification ### Cryptocurrency CFDs #### Evidence status Requires Verification #### Notes and remaining checks Cryptocurrency CFD demo access has not been established for this entity and platform. #### Supporting sources No supporting source recorded for this field. #### Research checked Requires Verification ## API access ### Evidence status Requires Verification ### Type Requires Verification ### Access route Not established for this offering ### Notes and remaining checks API access has not yet been established for this legal entity and demo platform. This does not mean it is unavailable. ### Requirements Confirm the account, platform and regional requirements with the broker. ### Supporting sources No supporting source recorded for this field. ### Official documentation No supporting source recorded for this field. ### Research checked Requires Verification ### Testing status Not tested ## Official sources ### Libertex beginners FAQ Source ID: ex-b-libertex-demo https://libertex.com/faq/libertex-for-beginners #### Source owner Broker #### Research checked 2026-10-13 #### Source locator What is demo trading on Libertex?; starting demo trading #### Source access note Opened official page or PDF; documentation review only ### Indication Investments CFD Best Execution summary Source ID: ex-b-libertex-policy https://app.libertex.com/docs/en/summary-best-interest-and-order-execution-policy.pdf #### Source owner Broker #### Research checked 2026-10-13 #### Source locator Section9.1 PDF p7; linked from current list-of-documents.pdf #### Source access note Official PDF HTTP GET and PyMuPDF text extraction; web parser failed ### Libertex.com demo account Source ID: libertex-3 https://libertex.com/demo-account #### Source owner Broker #### Evidence category EUR 50,000, Forex CFDs, web/mobile and MT4/MT5; no deposit/full KYC; no fixed limit while active; Cyprus legal footer. #### Source access note Direct official page read 2026-10-12. ### Libertex — getting a demo account Source ID: libertex-4 https://libertex.com/faq/how-to-get-demo-trading-account-on-libertex #### Source owner Broker #### Evidence category Basic name/email registration and dashboard access; virtual balance can typically be reset. No exact reset procedure or platform-specific limits. #### Source access note Direct official FAQ read 2026-10-12. ### CySEC — Indication Investments Ltd Source ID: libertex-reg-1 https://www.cysec.gov.cy/en-GB/entities/investment-firms/cypriot/37658/ #### Source owner Regulator #### Evidence category Exact current entity record: licence 164/12, approved libertex.com domain, investment-service permissions and Switzerland outside-EU listing. #### Source access note Direct official record opened via no-trailing-slash URL then redirected; read 2026-10-12. Initial slash request had an internal retrieval error, successful follow-up obtained full record. ### CySEC — recall of partial suspension, 23 August 2021 Source ID: libertex-reg-2 https://www.cysec.gov.cy/CMSPages/GetFile.aspx?guid=c6e9135a-7d9b-4574-9d07-df661cf06058 #### Source owner Regulator #### Evidence category Historical official decision recalls the earlier partial suspension of Indication Investments licence 164/12. #### Source access note Official regulator indexed PDF text read 2026-10-12; historical context, not the current-status basis. ### Libertex.com demo account Source ID: libertex-reg-3 https://libertex.com/demo-account #### Source owner Broker #### Evidence category EUR 50,000, Forex CFDs, web/mobile and MT4/MT5; no deposit/full KYC; no fixed limit while active; Cyprus legal footer. #### Source access note Direct official page read 2026-10-12. ### Libertex — getting a demo account Source ID: libertex-reg-4 https://libertex.com/faq/how-to-get-demo-trading-account-on-libertex #### Source owner Broker #### Evidence category Basic name/email registration and dashboard access; virtual balance can typically be reset. No exact reset procedure or platform-specific limits. #### Source access note Direct official FAQ read 2026-10-12.