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LIBRAFG -

Score

1.47 /10
Danger

LIBRAFG

United Kingdom

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://librafg.com/en

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Score

Regulatory Index0.00

Business Index6.70

Risk Management Index0.00

Software Index4.00

License Index0.00

Time Machine
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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

Danger

IE CBI
2022-11-18
Central Bank of Ireland Issues Warning on Unauthorised Firm – Libra FG
LIBRAFG

Broker Information

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Company Name

LIBRAFG LTD

Company Abbreviation

LIBRAFG

Platform registered country and region

United Kingdom

Company website

Company summary

Pyramid scheme complaint

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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!

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LIBRAFG · Company summary

Note: LIBRAFG's official website:https://librafg.com/en is currently inaccessible normally.

LIBRAFG Review Summary in Points
Company nameLIBRAFG
Registered country/regionUnited Kingdom
RegulationUnregulated
Trading PlatformsMetaTrader4
Market InstrumentsForeign exchange, commodities, indices and stocks
Demo AccountNot available
Minimum Deposit$250
Maximum Leverage1:200
SpreadSpreads on the EUR/USD pair start 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.
Customer SupportPhone: +442080894838
Email: support@librafg.com

LIBRAFG Information

LIBRAFG claims that it mainly offers four different asset classes, including foreign exchange, commodities, indices and stocks. Note: LIBRAFG's official website:https://librafg.com/en is currently inaccessible normally.

Pros and Cons

ProsCons
Various market instrumentsNot regulated
Website can't be opened now

Is LIBRAFG Legit?

You need to note that according to WiKiFX's investigation, LIBRAFG is currently not regulated by any recognized financial authorities.

Is LIBRAFG Legit?

What Can I Trade on LIBRAFG?

You can trade dozens of products including foreign exchange, commodities, indices and stocks.

Tradable Instruments Supported
foreign exchange✔
commodities✔
indices✔
stocks✔

Account Type

LIBRAFG provides 4 real accounts: GOLD, BASIC, VIP, PLATINUM. Basic account requires a minimum deposit of $250, gold account requires a minimum deposit of $25,000, VIP account requires a minimum deposit of $250,000, Platinum account requires a minimum deposit of $100,000.

Account Type Minimum DepositSpread
basic$2502.8~3
gold$25,0002.5~2.8
platinum$100,0001.9~2.2
VIP$250,0001.4~1.7

LIBRAFG Fees

LIBRAFG claims that different account types and asset classes have significantly different floating spreads. For example, spreads on the EUR/USD pair start 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.

Trading Platform

LIBRAFG provides traders with the worlds most widely used MetaTrader4 platform.

Trading PlatformSupportedAvailable Devices Suitable for
MetaTrader4✔iOS、AndroidAnyone

Deposit and Withdrawal

LIBRAFG offers a variety of deposit and withdrawal methods, including credit card, bank wire, and e-wallet. The minimum initial deposit requirement is $250. Withdrawals are said to be processed within 24 hours.

Deposit Options

Deposit Options Min. DepositFees Processing Time
credit card$250No mentionNo mention
bank wire$250No mentionNo mention
e-wallet$250No mentionNo mention

Withdrawal Options

All withdrawals from VIP accounts are free. Platinum account customers can make three free withdrawals per month; gold account members can only make one free withdrawal per month, and basic account holders are required to pay a handling fee for each withdrawal.

Withdrawal Options Min. Withdrawal Fees Processing Time
credit cardNo mentionThe number of free withdrawals is different for different accounts.within 24 hours
bank wireNo mentionThe number of free withdrawals is different for different accounts.within 24 hours
e-walletNo mentionThe number of free withdrawals is different for different accounts.within 24 hours

User Reviews

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玖久九
more than one year
I read some negative reviews about LIBRAFG online, and I have to admit that I was a bit hesitant to invest with them at first. However, after doing my own research and reaching out to their customer support team, I feel much more confident in their services. Of course, everyone's experience may differ, but I personally haven't had any major issues with them so far.
I read some negative reviews about LIBRAFG online, and I have to admit that I was a bit hesitant to invest with them at first. However, after doing my own research and reaching out to their customer support team, I feel much more confident in their services. Of course, everyone's experience may differ, but I personally haven't had any major issues with them so far.
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2023-03-20 10:46
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RTJ
more than one year
To me, LIBRAFG is an awesome company. When I first started trading in 2021, life got in the way and I had to take a break. Obviously, as a rookie trader, I hopped between a few different brokers.
To me, LIBRAFG is an awesome company. When I first started trading in 2021, life got in the way and I had to take a break. Obviously, as a rookie trader, I hopped between a few different brokers.
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2023-03-03 15:33
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