Overall Rating
Score Breakdown
Who Is This Broker For?
Best for: Latin American traders seeking a regulated broker with diverse CFD offerings and competitive trading conditions backed by the established Libertex Group.
Pros & Cons
Pros
- Part of Libertex Group (established 1997) with strong track record
- 200+ tradable CFDs across multiple asset classes
- Competitive spreads and low trading costs
- Award-winning broker (Best CFD Broker LATAM 2024)
- User-friendly platform suitable for all levels
- Regulated by FSC Mauritius
Cons
- CFDs carry high risk - 70-80% of retail traders lose money
- Mauritius regulation less strict than EU regulators
- Some user concerns about withdrawal processes
- Limited research tools compared to premium brokers
Fees & Costs
Spreads
Competitive spreads on major pairs; varies by instrument
Commission
Zero commissions on most CFD trades
Overnight/Swap
Standard financing costs; varies by asset class
Deposit Fee
Free for most payment methods
Withdrawal Fee
Typically free; verify per payment method
Trading Platforms
Safety & Regulation
Operated by MAEX LIMITED. Available globally; restrictions in certain jurisdictions including USA
Availability
Countries: Mexico, Argentina, Chile, Colombia, Peru, Global (restrictions apply in USA, Canada)
Languages: English, Spanish, Portuguese, Russian
Payment Methods
-
Credit/Debit Card
$0 • Instant
-
Bank Transfer
Varies by bank • 1-3 business days
-
E-wallets (Skrill, Neteller)
$0 • Instant
-
Cryptocurrencies
Network fees apply • 15-60 minutes
Overview
LBX is an online CFD broker operated by MAEX LIMITED and regulated by the Financial Services Commission of Mauritius. As part of the Libertex Group (established 1997), LBX brings over 25 years of industry experience to traders worldwide, particularly focusing on the Latin American market.
With 200+ tradable CFDs spanning commodities, forex, ETFs, stocks, and cryptocurrencies, LBX positions itself as a versatile trading platform suitable for both beginners and experienced traders.
Quick Verdict
✅ Choose LBX if you want:
- Access to 200+ CFDs across multiple asset classes
- Zero-commission trading with competitive spreads
- A platform backed by the established Libertex Group
- User-friendly interface suitable for all experience levels
❌ Look elsewhere if you need:
- Top-tier EU regulation (FCA, CySEC, BaFin)
- Real stock ownership rather than CFDs
- Advanced research and analysis tools
- Copy trading or social features
Regulation & Safety
Regulatory Status: ⚠️ Moderate
LBX is regulated by the Financial Services Commission of Mauritius (FSC), license held by MAEX LIMITED. While FSC is a legitimate regulatory body, Mauritius is generally considered a mid-tier jurisdiction in terms of regulatory stringency.
What this means for you:
- ✅ Legal oversight and compliance requirements
- ✅ Part of established Libertex Group (25+ years)
- ⚠️ Less strict than EU regulators (FCA, CySEC, BaFin)
- ⚠️ Lower investor protection compared to tier-1 jurisdictions
Company Background:
- Operated by: MAEX LIMITED
- Part of: Libertex Group (est. 1997)
- Awards: Best CFD Broker LATAM 2024, Global CFD Broker of the Year 2024
Fees & Costs
Overall Fee Rating: 4.5/5 — Competitive
LBX operates on a zero-commission model for most instruments, earning through spreads. Here's the breakdown:
Forex Spreads
- EUR/USD: From 0.8 pips (competitive)
- GBP/USD: From 1.2 pips
- USD/JPY: From 0.9 pips
- Spreads vary by market conditions and account type
Other Costs
- Stock CFDs: Zero commission + competitive spreads
- Crypto CFDs: Wider spreads typical for crypto market
- Overnight Financing: Market-based swap rates
- Inactivity Fee: Check terms (may apply after extended inactivity)
Deposit & Withdrawal Fees
- Deposits: Free for most methods (cards, e-wallets)
- Withdrawals: Typically free; bank wire fees may apply
- Currency Conversion: Small fee for non-base currency accounts
Bottom Line: LBX's fee structure is competitive within the CFD broker space, especially for active traders who value zero commissions.
Trading Platform
Platform Rating: 4.4/5 — Modern & Accessible
LBX provides multiple platform options:
Web Platform
- Clean, intuitive interface
- One-click trading capabilities
- Real-time charts and market data
- Multiple order types (market, limit, stop-loss)
- Mobile-responsive design
Mobile Apps
- Native iOS and Android apps
- Full trading functionality on the go
- Push notifications for price alerts
- Biometric login support
Desktop Application
- Downloadable client for Windows/Mac
- Enhanced performance for active traders
- Advanced charting capabilities
- Customizable layouts
Platform Highlights:
- ✅ User-friendly for beginners
- ✅ Fast execution speeds
- ✅ Available across all devices
- ⚠️ Limited advanced technical indicators vs MT4/MT5
- ⚠️ No algorithmic trading support
Assets & Markets
200+ CFDs Available:
Forex (50+ pairs)
- Major pairs: EUR/USD, GBP/USD, USD/JPY
- Minor pairs: EUR/GBP, AUD/NZD
- Exotic pairs: USD/MXN, USD/TRY
Stocks (100+ instruments)
- US stocks: Apple, Tesla, Microsoft, Amazon
- European stocks: major indices components
- Asian stocks: select major companies
- Note: CFDs only, no real stock ownership
Commodities
- Precious metals: Gold, Silver, Platinum
- Energy: Crude Oil, Natural Gas
- Agricultural: Wheat, Corn, Coffee
Indices
- S&P 500, Nasdaq, Dow Jones
- FTSE 100, DAX, CAC 40
- Nikkei, Hang Seng
Cryptocurrencies
- Bitcoin, Ethereum, Litecoin
- Ripple, Bitcoin Cash
- Note: CFDs only, not real crypto ownership
Account Types & Requirements
Standard Account
- Minimum Deposit: $100-$250 (varies by region)
- Leverage: Up to 1:500 (varies by jurisdiction and instrument)
- Spreads: Competitive variable spreads
- Commission: Zero
Demo Account
- Virtual Funds: $50,000 (replenishable)
- Duration: Unlimited
- Features: Full platform access with real market conditions
- Highly Recommended for beginners to practice risk-free
Payment Methods
LBX accepts multiple deposit and withdrawal methods:
Credit/Debit Cards
- Visa, Mastercard
- Instant deposits
- Typically free
Bank Transfer
- Available globally
- 1-3 business days processing
- Bank fees may apply
E-Wallets
- Skrill, Neteller
- Instant processing
- Free deposits
Cryptocurrencies
- Bitcoin and select altcoins
- 15-60 minute confirmation
- Network fees apply
Important: Payment method availability varies by region. Verify options for your specific country.
Customer Support
Support Quality: 4.3/5 — Responsive
LBX provides multiple support channels:
- Live Chat: 24/5 (weekdays + some weekend hours)
- Email Support: [email protected] (24-48 hour response)
- Phone Support: Available for select regions
- Help Center: Comprehensive FAQ and guides
- Languages: English, Spanish, Portuguese, Russian, and more
User Feedback: Generally positive support experiences, though some users report delays during high-volume periods.
Education & Research
Rating: 3.8/5 — Basic but Sufficient
Educational Resources
- Trading guides for beginners
- Video tutorials on platform usage
- Glossary of trading terms
- Market analysis basics
Research Tools
- Economic calendar with major events
- Daily market analysis (limited)
- Real-time news feed
- Basic technical indicators
Gap: LBX lacks advanced research compared to premium brokers like Interactive Brokers or Saxo Bank. No proprietary analyst reports or advanced screening tools.
Pros & Cons
✅ Advantages
- Established Backing: Part of Libertex Group with 25+ years of history
- Diverse Offerings: 200+ CFDs across multiple asset classes
- Competitive Costs: Zero commissions with tight spreads
- Award Recognition: Multiple industry awards including Best CFD Broker LATAM
- User-Friendly: Intuitive platform suitable for beginners
- Multiple Platforms: Web, mobile, and desktop access
- Demo Account: Unlimited practice account available
❌ Disadvantages
- CFD Risk: 70-80% of retail traders lose money trading CFDs
- Regulation Tier: FSC Mauritius less strict than EU regulators
- No Real Assets: CFDs only - no stock or crypto ownership
- Withdrawal Concerns: Some user reports of withdrawal delays
- Limited Research: Basic tools vs premium research platforms
- No Social Trading: No copy trading or social features
- Restricted Markets: Not available in USA, Canada, and other jurisdictions
Who Should Choose LBX?
✅ Good Fit For:
- Latin American traders seeking regulated CFD access
- Cost-conscious traders who value zero commissions
- Beginners wanting a simple, user-friendly platform
- Multi-asset traders seeking forex, stocks, commodities, and crypto CFDs
- Mobile traders needing strong mobile app functionality
❌ Not Ideal For:
- Conservative investors requiring top-tier EU regulation
- Stock investors wanting real share ownership
- Professional traders needing advanced tools and APIs
- US/Canadian residents (not available)
- Social traders seeking copy trading features
How LBX Compares
| Feature | LBX | Libertex | eToro | XTB |
|---|---|---|---|---|
| Regulation | FSC Mauritius | CySEC, FCA | FCA, CySEC | FCA, CySEC |
| Min. Deposit | $100-250 | $200 | $100 | $0 |
| Commissions | $0 | $0 | $0 stocks | $0 |
| CFDs Offered | 200+ | 250+ | 2000+ | 2100+ |
| Real Stocks | No | No | Yes | Yes |
| Copy Trading | No | No | Yes | No |
| Platforms | Web/Mobile | Web/Mobile/MT4/MT5 | Web/Mobile | Web/Mobile/xStation |
Final Verdict
Overall Score: 4.4/5 — Solid CFD Broker for LATAM
LBX delivers a competitive CFD trading experience backed by the established Libertex Group. With 200+ instruments, zero commissions, and a user-friendly platform, it's particularly well-suited for Latin American traders seeking diverse market access.
However, the FSC Mauritius regulation and some user concerns about withdrawals mean it's not the absolute top choice for risk-averse traders. If top-tier regulation is your priority, consider EU-regulated alternatives like XTB or Libertex (CySEC/FCA entities).
The Bottom Line:
- ✅ Choose LBX for: Competitive costs, diverse CFDs, established group backing
- ❌ Skip LBX if: You need tier-1 regulation, real asset ownership, or advanced tools
Recommended For: Intermediate traders comfortable with CFD risk who value competitive pricing and the backing of an established group.
Frequently Asked Questions
See FAQ section above for common questions about regulation, fees, minimum deposits, and more.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 70-80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Last Updated: January 2025 | Next Review: April 2025