LibBit Spreads, leverage, minimum deposit Revealed

　　General Information & Regulation

　　LibBit is a Latvia-registered online broker, with its actual office address, founding time and the company behind it unknown. It has been verified that this broker currently has no valid regulatory, please be aware of the risk.

　　Market Instruments

　　Tradable financial instruments available on the LibBit platform include forex currency pairs, Metals, stocks, commodities, indices and cryptocurrencies.

　　Minimum Deposit

　　There are two trading accounts on offer on the LibBit platform: Base Trade and Opti Trade accounts. The minimum initial deposit for the first account is $100, while for the second is $1000.

　　Leverage

　　Trading leverage depends on which trading account you choose. The maximum leverage for the Base trade account is 1:100, for the Opti Trade up to 1:500. Since leverage, can amplify both profits as well as losses, choosing the right amount is a key risk determination for traders.

　　Spreads & Commissions

　　As per the LibBit website, the spread on the EUR/USD pair is from 0.1 pips, not sure if commissions is charged.

　　Trading Platform Available

　　What LibBit offers its traders is not the highly-recognized MT4 or MT4 trading platform. No related information is mentioned.

　　Deposit & Withdrawal

　　Payment methods are missing on the LibBit official website.

　　Customer Service

　　The LibBit official website is multilingual, and its customer support team can be reached through telephone. Unfortunately, live chat is unavailable.