Is Libertex safe?

Yes, Compared with those unregulated counterparts, Libertex is much safer.

BrokersView has verified that Libertex is a regulated broker licensed by the Cyprus Securities and Exchange Commission (CySEC) with number 164/12. 

Being required to follow a series of rigorous rules and obligations, it operates in a relatively credible and transparent way with a secure trading environment. While regulation could not entirely eliminate the possibility of violation and fraud, choosing a regulated broker remains a better way to safeguard your interests.