LBX

LBX is an online brokerage operated by MAEX LIMITED, a company incorporated in the Republic of Mauritius under registration number 158250 C1/GBL. The broker is part of the Libertex Group, a financial services group with origins dating back to 1997. LBX was founded on August 21, 2025, making it a relatively new entrant in the retail forex and CFD market.

The broker’s official website states it is regulated by the Financial Services Commission (FSC) of Mauritius under license number С118023400. However, independent regulatory checks by FXCanary could not confirm this licence in the FSC’s public register at the time of review. This discrepancy raises caution, as the broker’s regulatory claims are unverified.

LBX’s registered address is The Cyberati Lounge, Ground Floor, The Catalyst, Silicon Avenue, 40 Cybercity, 72201 Ebène, Republic of Mauritius. Mauritius is a popular jurisdiction for forex brokers, but it is not a top-tier regulatory environment. The FSC provides licensing and oversight, but its standards are generally considered less stringent than regulators in the EU, UK, or Australia.

Traders should be aware that operating from Mauritius means clients may not have access to investor compensation schemes or dispute resolution mechanisms offered by stricter regulators. The broker’s presence in an offshore jurisdiction is a factor to weigh when assessing overall risk.

LBX offers three account types: a Demo account with $100,000 in virtual funds, a Standard account with no specified minimum deposit and maximum leverage of 1:1000, and a Zero account similarly with no minimum deposit stated and 1:1000 leverage. The Standard account is described as having competitive spreads and suitable for all trading styles, while the Zero account targets high-volume traders with raw spreads from 0.0 pips and a $6 per lot commission.

Trading platforms available include MetaTrader 4 and MetaTrader 5, both widely used in the industry, as well as the broker’s own LBX Mobile Super-App. The availability of MT4/MT5 is a positive point, as these platforms are known for their reliability, charting tools, and support for Expert Advisors.

The broker provides CFDs on over 200 tradable assets, according to its company description, covering forex, metals, energies, indices, and cryptocurrencies. Leverage is offered up to 1:1000 on certain instruments, which is extremely high and carries significant risk. For example, a 1:1000 leverage means a 0.1% adverse move can wipe out the entire trading capital.

FXCanary notes that while high leverage can amplify gains, it equally magnifies losses, and such levels are restricted or banned in many regulated markets. Traders considering LBX should carefully evaluate their risk tolerance and use appropriate risk management strategies.

LBX maintains a presence on Facebook, Instagram, and LinkedIn, and its website claims over 3 million clients worldwide across 120 countries. The broker also states it has more than 700 employees. However, these numbers cannot be independently verified and may refer to the broader Libertex Group rather than LBX specifically.

Given the brand’s affiliation with the Libertex Group, which has a longer operating history, some level of institutional backing is plausible. Nevertheless, LBX as a distinct entity is very new, having only been founded in mid-2025, which limits the availability of independent reviews or track record.

FXCanary’s Scam Risk Score for LBX is 57 out of 100 (Elevated). This assessment is driven primarily by the lack of independently verified regulation. While the broker claims an FSC Mauritius licence, our cross-checks did not confirm its status. Additionally, the extremely high leverage of up to 1:1000 and the offshore registration amplify the risk profile.

Prospective clients should conduct thorough due diligence, including contacting the FSC directly to verify the licence, before committing funds. The absence of user reviews at this stage further underscores the need for caution. Trading with LBX carries substantial financial risk, and only risk capital should be used.