{
  "schemaVersion": 1,
  "kind": "demoOffering",
  "id": "libertex-web-cy",
  "urls": {
    "html": "/demo-accounts/libertex-web-cy.html",
    "json": "/demo-accounts/libertex-web-cy.json",
    "markdown": "/demo-accounts/libertex-web-cy.md"
  },
  "policy": "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.",
  "record": {
    "checked": "2026-10-12",
    "tested": false,
    "funds": null,
    "currency": null,
    "fundsLabel": "EUR 50,000 advertised",
    "fundsNote": "Whether this balance applies identically to all three platforms is unresolved.",
    "expiryType": "conditional",
    "expiry": "No fixed duration while active",
    "expiryNote": "See documented terms for scope and exceptions.",
    "evidence": "partial",
    "signup": "See the documented terms below. Account opening has not been tested.",
    "note": "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",
    "id": "libertex-web-cy",
    "broker": "Libertex",
    "entity": "Indication Investments Ltd",
    "regions": [
      "CY"
    ],
    "region": "CY",
    "regionLabel": "Cyprus",
    "researchScope": "Cyprus",
    "platform": "web",
    "platformLabel": "Libertex web/mobile",
    "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.",
    "entityMapping": "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": "libertex.com is the Cyprus/EEA and Switzerland offering, subject to country-specific terms. No worldwide availability inferred.",
    "evidenceNote": "Official demo page and FAQ refreshed directly; availability documented, not signup-tested",
    "sources": [
      "libertex-3",
      "libertex-4"
    ],
    "visit": "libertex-3",
    "regulation": {
      "status": "Verified",
      "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.",
      "sources": [
        "libertex-reg-1",
        "libertex-reg-2",
        "libertex-reg-3",
        "libertex-reg-4"
      ]
    },
    "signupLink": {
      "kind": "demo-page",
      "note": "Broker demo page; select your platform to continue.",
      "status": "Official entry route",
      "url": "https://libertex.com/demo-account",
      "sourceUrl": "https://libertex.com/demo-account",
      "checked": "2026-10-13",
      "tested": false
    },
    "execution": {
      "scope": "Indication Investments Ltd · CY · MetaTrader 4, MetaTrader 5, Libertex web/mobile. Public documentation; no account or execution tests.",
      "tested": false,
      "role": {
        "value": "Principal",
        "status": "Documented",
        "note": "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.",
        "sources": [
          "ex-b-libertex-policy"
        ],
        "checked": "2026-10-13"
      },
      "arrangement": {
        "value": "Dealing desk or STP",
        "status": "Broker-reported",
        "note": "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.",
        "sources": [
          "ex-b-libertex-policy"
        ],
        "checked": "2026-10-13"
      },
      "demo": {
        "value": "Requires Verification",
        "status": "Requires Verification",
        "note": "Proprietary-platform FAQ describes simulated funds and close replication but does not specify slippage, liquidity, rejection or charge omissions; MT4/MT5 need separate disclosure.",
        "sources": [
          "ex-b-libertex-demo"
        ],
        "checked": "2026-10-13"
      },
      "review": {
        "checked": "2026-10-13",
        "outcome": "Reviewed official documentation: role Principal; arrangement Dealing desk or STP; demo Requires Verification. No accounts opened or tested.",
        "remainingChecks": [
          "Confirm whether any separately agreed contractual capacity applies and map execution routes by platform/account; obtain precise demo simulation omissions."
        ]
      }
    },
    "markets": {
      "scope": "Indication Investments Ltd · Cyprus · Libertex web/mobile. Market coverage not yet reviewed.",
      "tested": false,
      "forexCfd": {
        "status": "Requires Verification",
        "note": "Forex CFD demo access has not been established for this entity and platform.",
        "sources": [],
        "checked": null
      },
      "cryptoCfd": {
        "status": "Requires Verification",
        "note": "Cryptocurrency CFD demo access has not been established for this entity and platform.",
        "sources": [],
        "checked": null
      }
    },
    "api": {
      "status": "Requires Verification",
      "type": null,
      "route": "Not established for this offering",
      "note": "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.",
      "sources": [],
      "docs": [],
      "checked": null,
      "tested": false
    }
  },
  "sources": {
    "ex-b-libertex-demo": {
      "title": "Libertex beginners FAQ",
      "url": "https://libertex.com/faq/libertex-for-beginners",
      "owner": "Broker",
      "checked": "2026-10-13",
      "locator": "What is demo trading on Libertex?; starting demo trading",
      "access": "Opened official page or PDF; documentation review only"
    },
    "ex-b-libertex-policy": {
      "title": "Indication Investments CFD Best Execution summary",
      "url": "https://app.libertex.com/docs/en/summary-best-interest-and-order-execution-policy.pdf",
      "owner": "Broker",
      "checked": "2026-10-13",
      "locator": "Section9.1 PDF p7; linked from current list-of-documents.pdf",
      "access": "Official PDF HTTP GET and PyMuPDF text extraction; web parser failed"
    },
    "libertex-3": {
      "title": "Libertex.com demo account",
      "url": "https://libertex.com/demo-account",
      "owner": "Broker",
      "evidence": "EUR 50,000, forex CFDs, web/mobile and MT4/MT5; no deposit/full KYC; no fixed limit while active; Cyprus legal footer.",
      "access_note": "Direct official page read 2026-10-12."
    },
    "libertex-4": {
      "title": "Libertex — getting a demo account",
      "url": "https://libertex.com/faq/how-to-get-demo-trading-account-on-libertex",
      "owner": "Broker",
      "evidence": "Basic name/email registration and dashboard access; virtual balance can typically be reset. No exact reset procedure or platform-specific limits.",
      "access_note": "Direct official FAQ read 2026-10-12."
    },
    "libertex-reg-1": {
      "title": "CySEC — Indication Investments Ltd",
      "url": "https://www.cysec.gov.cy/en-GB/entities/investment-firms/cypriot/37658/",
      "owner": "Regulator",
      "evidence": "Exact current entity record: licence 164/12, approved libertex.com domain, investment-service permissions and Switzerland outside-EU listing.",
      "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."
    },
    "libertex-reg-2": {
      "title": "CySEC — recall of partial suspension, 23 August 2021",
      "url": "https://www.cysec.gov.cy/CMSPages/GetFile.aspx?guid=c6e9135a-7d9b-4574-9d07-df661cf06058",
      "owner": "Regulator",
      "evidence": "Historical official decision recalls the earlier partial suspension of Indication Investments licence 164/12.",
      "access_note": "Official regulator indexed PDF text read 2026-10-12; historical context, not the current-status basis."
    },
    "libertex-reg-3": {
      "title": "Libertex.com demo account",
      "url": "https://libertex.com/demo-account",
      "owner": "Broker",
      "evidence": "EUR 50,000, forex CFDs, web/mobile and MT4/MT5; no deposit/full KYC; no fixed limit while active; Cyprus legal footer.",
      "access_note": "Direct official page read 2026-10-12."
    },
    "libertex-reg-4": {
      "title": "Libertex — getting a demo account",
      "url": "https://libertex.com/faq/how-to-get-demo-trading-account-on-libertex",
      "owner": "Broker",
      "evidence": "Basic name/email registration and dashboard access; virtual balance can typically be reset. No exact reset procedure or platform-specific limits.",
      "access_note": "Direct official FAQ read 2026-10-12."
    }
  }
}