Note: Liber Forexs official site - https://libermx.com/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.
What is Liber Forex？
Liber Ltd, incorporated back in 2017, better known as Liber Forex, is a blockchain-based forex platform. Liber Ltd is not subject to any regulation. Please be aware of the risks.
In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.
Pros & Cons
Liber Forex Alternative Brokers
There are many alternative brokers to Liber Forex depending on the specific needs and preferences of the trader. Some popular options include:
eToro - A popular social trading platform that allows traders to follow and copy the trades of other successful traders.
BlackBull Markets - A reputable forex broker known for its low spreads, fast execution, and comprehensive trading tools, making it an excellent choice for traders seeking a reliable and feature-rich trading experience.
Eightcap - A trusted forex and CFD broker that provides traders with competitive spreads, fast trade execution, and a comprehensive suite of trading tools and resources.
Is Liber Forex Safe or Scam？
Liber Forex currently has no valid regulation, which means that there is no government or financial authority oversighting their operations.
Besides, the official website of Liber Forex is inaccessible, indicating that the trading platform may have absconded. These make investing with them risky.
If you are considering investing with Liber Forex, it is important to do your research thoroughly and weigh the potential risks against the potential rewards before making a decision. In general, it is recommended to invest with well-regulated brokers to ensure your funds are protected.
Market Instruments
Liber Forex offers a variety of trading instruments across different asset classes, including stocks, cryptocurrencies, indices, and commodities on top of forex currencies.
Stocks: Liber Forex provides the opportunity to trade shares of different companies listed on major stock exchanges. This allows traders to participate in the equity market and potentially profit from price fluctuations.
Cryptocurrencies: The platform allows users to trade cryptocurrencies such as Bitcoin, Ethereum, Ripple, and other popular digital assets. Traders can take advantage of the volatility and potential price movements in the cryptocurrency market.
Indices: Liber Forex offers trading on indices, which represent a basket of stocks from a particular market or sector. Traders can speculate on the overall performance of an index, such as the S&P 500 or the FTSE 100, without having to trade individual stocks.
Commodities: The platform provides access to trading commodities like gold, silver, oil, natural gas, and agricultural products. Traders can speculate on the price movements of these physical assets, taking advantage of market trends or global events that impact commodity prices.
Forex Currencies: Liber Forex enables traders to participate in the foreign exchange market, offering a wide range of currency pairs. This allows users to speculate on the relative value of one currency against another, potentially profiting from fluctuations in exchange rates.
Liberfx Token
To mobilize support within its community and expand its reach, Liber exchange launched Libfx token, which serves as the platform‘s primary mode of payment. It’s an ERC20 token with a total supply of $35,000,000. Owners of the token have exclusive rights to purchase Liber Ltd stock once its listed on the stock exchange floor. From the seventh month, you can take out 5% of the tokens purchased each month.
Trading Platforms
Liber Forex provides its clients with the widely acclaimed MetaTrader 5 (MT5) trading platform. MT5 is a powerful and comprehensive platform that offers a range of advanced features and tools suitable for both beginner and experienced traders.
The MT5 platform offers a user-friendly interface, making it easy for traders to navigate and execute transactions efficiently. It provides access to real-time market data, including price quotes, charts, and news updates, allowing traders to stay informed and make informed trading decisions.
One of the standout features of MT5 is its extensive range of technical analysis tools. Traders can utilize a variety of indicators, oscillators, and drawing tools to analyze price patterns, identify trends, and predict future market movements. The platform also supports the use of custom indicators and automated trading strategies, allowing traders to implement their own trading algorithms.
User Exposure on WikiFX
On our website, you can see that reports of unable to withdraw. Traders are encouraged to carefully review the available information and consider the risks associated with trading on an unregulated platform. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.
Customer Service
Customers can visit their office or get in touch with customer service line using the information provided below:
Email: support@libermx.com
Conclusion
In conclusion, Liber Forex is a trading platform that offers a range of services to its clients. Liber Forex's trading platform, MT5, caters to the needs of both beginner and advanced traders.
However, Liber Forex has many problems. First, it doesn‘t have regulation. Second, it is because the official website of Liber Forex is inaccessible that the relevant information doesn’t be provided, which makes trade not transparent enough. Therefore, traders should verify the regulatory status of Liber Forex or any broker they choose to work with to ensure compliance with industry standards and regulatory requirements.
Frequently Asked Questions (FAQs)
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
2023-03-21 10:00
2023-03-07 12:15
