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LibBit -

Score

1.44 /10
Danger

LibBit

Latvia

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://libbit.org

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Comparison

Quantity 5

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index6.46

Risk Management Index0.00

Software Index4.00

License Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!
Open Account
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

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Broker Information

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Company Name

LibBit

Company Abbreviation

LibBit

Platform registered country and region

Latvia

Company website

Company summary

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away! 2
Previous Detection : 2024-12-26
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 5 for this broker in the past 3 months. Please be aware of the risk!

WikiFX Verification

Exposure

5 pieces of exposure in total
Pyramid scheme complaint
Expose
Unable to Withdraw

https://www.ksaplatformtrade.com/s1.php

17000 ‏forThey don't add more ‎Can't ‎I can't pull ‎I can't withdraw my money. ‏

mohmmad
2023-02-07 08:07
Unable to Withdraw

This winter is so cold. Everyone invests cautiously

It’s really outrageous and speechless that this platform ran away. First, I saw a KOL’s lecture on the social platform and paid attention to it. After watching it often, I gradually trusted it. Later, this big V bad-mouthed the stock market and guided me to play foreign exchange investment. , Guided deposits, copying orders, and ended up losing all money

yy1940
2023-02-07 11:16
Unable to Withdraw

LibBit stole my money scam

I am not aware such abusing it was just fully hedged trades.And now the instrument is trading 800 pips higher when I could properly unhedge today I would be back to my original value!!! I contacted before more than 2 week their dispute resolution scheme and although they promise answer during 10 days, until today still no answer from them. I cant withdraw my funds/money.

iamjayylopezz
2021-12-16 16:08
Unable to Withdraw

LibBit is a scam seek aid.

I won't stand by and let these thieves take advantage of any more people. They prevented me from accessing my account and wouldn't let me reset my password. They acknowledged receiving my $65,000 worth of usdt deposit but claimed that it never appeared on their end. I was unable to demonstrate that they had received the money until Cyb3rnub recovery reviewed them. This platform don’t care about investors making real money or not it’s all scam

FX5358003
2023-02-23 14:08
Scam

The platform is absconded and the account is stolen. I cannot get my 6 million back

There is a person on Weibo named Chufengshiliburuni. He recommended a lecture called Hongfei. He brought a single gold behind him, and kept asking for deposits to maximize profits. I transferred USDT on Binance and bought USDT in cash to recharge 2 million yuan. With the transaction with a single principal plus profit of about 900,000 USDT, on July 19th, the MT5 trading platform, the account cannot be logged in, the deposit and withdrawal platform cannot be opened, Hongfei and Chunfeng Shili are not as good as you. I still can't log in, and the last transaction details that were originally displayed are gone. I have called the police, and the two scammers have killed the whole family.

LIUNIANSHISHUI24341
2022-07-20 17:34
LibBit · Company summary

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.

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骗子滚远点
more than one year
流年似水看到联系下
流年似水看到联系下
Translate to English
2022-10-13 08:28
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