Score

1.54 /10
Danger

Libra Markets

Estonia

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

D

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Comparison

Expose

Exposure

Time Machine
Website

Score

Regulatory Index0.00

Business Index7.20

Risk Management Index0.00

Software Index4.00

License Index0.00

Time Machine
Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Regulatory disclosure

More

Danger

PT CMVM
2020-06-26

Danger

MT MFSA
2020-05-06

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Warning: Low score, please stay away!
Previous Detection : 2024-12-23
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Libra Markets · Company summary

Basic Information & Regulation

Libra Markets is a Forex and CFD broker based in Estonia and is not currently subject to any active regulation.

Safety Analysis of Libra Markets

Libra Markets is currently an unregulated brokerage platform, which means that the safety of its clients' funds and trading activities are not effectively protected compared to those of strictly regulated dealers such as the FCA in the UK and CySEC in Cyprus. Therefore, investors are advised to stay away from this Libra Markets brokerage firm.

Market Instruments of Libra Markets

Libra Markets offers traders a wide range of financial trading instruments, including mainly Forex currency pairs, indices, precious metals, various stocks, and cryptocurrency CFDs.

Accounts & Leverage

Libra Markets offers traders a regular account with a minimum deposit of €250 and maximum trading leverage of 1:500.

Spreads & Commissions

Compared to other brokers, the spreads on the Libra Markets platform are high. For example, the spread on USD EUR is 3 pips, which is much higher than the industry standard.

Trading Platform Available of Libra Markets

Libra Markets offers investors a lightweight online trading platform, a trading platform that seems suitable for binary options trading, oversimplified, and lacking many advanced features as MT4& MT5.

Deposit and Withdrawal

Withdrawals take at least 10 days, and the minimum amount for wire transfers is €500.

Pros & Cons of Libra Markets

The main advantages of Libra Markets are:

1. Over 250 traded assets

The main disadvantages of Libra Markets are:

1. Not subject to any regulation

2. Non-MT4/MT5 trading platforms

3. High spreads

4. Long withdrawal times


User Reviews

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User comment

2

Comments

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林玥然
more than one year
Stay away from Libra Markets! I lost a lot of money due to their fake trading signals. Don't be fooled by their promises and slick website. They are a scam and will take your money without any remorse. It's important to do your research and choose a reputable broker. Don't make the same mistake I did.
Stay away from Libra Markets! I lost a lot of money due to their fake trading signals. Don't be fooled by their promises and slick website. They are a scam and will take your money without any remorse. It's important to do your research and choose a reputable broker. Don't make the same mistake I did.
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2023-03-23 10:31
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FX1222694463
more than one year
They bait investors with favourable benefits and incentives on their investment deals. I fell for one of their tricks and opened an account. I was given a fake account manager to handle any requests or issues I might have. The manager convinced me to fund my account with money. I invested a total of 500 euros and waited for my money to grow. However, the result of my waiting was that they ran away. Everything was like a dream but now, my dream was dashed......
They bait investors with favourable benefits and incentives on their investment deals. I fell for one of their tricks and opened an account. I was given a fake account manager to handle any requests or issues I might have. The manager convinced me to fund my account with money. I invested a total of 500 euros and waited for my money to grow. However, the result of my waiting was that they ran away. Everything was like a dream but now, my dream was dashed......
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2023-02-17 18:12
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