LIBRAFG

Note: Since LIBRAFGs official site (https://librafg.com/en) is not accessible while writing this introduction, only a cursory understanding can be obtained from the Internet.

General Information & Regulation

LIBRAFG, a trading name of LIBRAFG LTD, is allegedly an unregulated and blacklisted forex broker registered in the UK that claims to provide its clients with a variety of tradable assets with floating spreads on the worlds most trusted and popular MetaTrader4 trading platform, as well as a choice of four different live account types.

Market Instruments

LIBRAFG advertises that it mainly offers four different asset classes, including forex, commodities, indices and stocks.

Account Types

There are four live trading accounts offered by LIBRAFG, namely Basic, Gold, Platinum and VIP. Opening a Basic account requires the minimum initial deposit amount of $250, while the other three account types have much higher minimum initial capital requirements of $25,000, $100,000 and $250,000 respectively.

Spreads

LIBRAFG claims that different account types and asset classes have quite different floating spreads. For example, the spread on the EUR/USD pair starts from 2.8 pips for the Basic account, 2.5 pips for the Gold account, 1.9 pips for the Platinum account and 1.4 pips for the VIP account. More details can be seen in the below screenshot.

Trading Platform Available

The platform available for trading at LIBRAFG is said to be the industry-standard MetaTrader4. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.

Deposit & Withdrawal

LIBRAFG says to accept deposits and withdrawals via credit cards, bank wire and e-wallets. The minimum initial deposit requirement is $250. Withdrawals are said to be processed in 24 hours.

Different account types can enjoy different fee-free withdrawal times. Specifically, for the VIP account, all withdrawals will be without fees. While the clients on the Platinum account can make 3 withdrawals fee-free monthly; the Gold account members can make only 1 free withdrawal per month and the Basic account holders will be charged a fee for every withdrawal.

Customer Support

LIBRAFGs customer support can be reached by telephone: +442080894838, email: support@librafg.com. Company address: 173 Latchmere Road, London, United Kingdom, SW11 2JZ.