Is Libramarkets a scam or is it a legit broker?

March 3, 2019

Libramarkets is an investment management brokerage that offers its services to people around the world. The company is relatively new to the market. As with any new company, people want to know can Libramarkets be trusted or not. This happens rightfully so. A lot of people are wary of entrusting their money to companies who have yet to establish their reputation. In the digital era, the internet is saturated with people and companies looking to take advantage of people. In that environment, it becomes increasingly important to be able to differentiate between legitimate organizations and fraudsters. We’re here to help with that.

libramarkets logo

Libramarkets Review

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The Libramarkets broker provides its users with access to the popular and highly recognizable WebTrader system. The platform gives you the opportunity to perform your trades without having to install any software. This makes for a fast and efficient trading experience for traders new and experienced.

In-depth Libramarkets review

Libramarkets scam stories hit the internet. However, these accusations seem to dissolve as soon as you look closer at the company. The second you log on to the website, you’re greeted with a simplistic, yet tasteful design of the platform. The interface is polished, highly intuitive and appears to have been created with the customer in mind. You don’t have to install any software or expose your computer to any third party files at all. Everything of importance happens on the website.

Libramarkets platform

Technical characteristics of the Libramarkets platform

The WebTrader platform gives you access to real-time trading on Forex and other global markets from the comfort of your home. And the broker’s interface makes your job that much easier and fun. You can execute trades with a single mouse click. Naturally, you only do that after you’ve made use of the multiple technical and fundamental analysis tools the website has at your disposal.

Fibonacci lines, equidistant channels and trend lines from 9 different time frames are only some of the tools that you’ll be able to use with Libramarkets. The broker boasts 30 technical analysis indicators and over 250 assets you can choose from the dedicated categories. The trading goes on 24 hours a day, 5 days a week. A familiar time-frame for an experienced trader. Taking a closer look at the level of thought that went into creating the company makes the Libramarkets fraud conspiracy seem all the more unrealistic. Being quite experienced on the market, we can safely say we’re able to spot a scam a mile away. However, the Libramarkets betrug story doesn’t sound plausible to us at all.

An excellently optimized system

The services of the Libramarkets broker are available on multiple mediums. You can access their website on your smartphone regardless of its operating system and find that it operates perfectly on all of them.

Regardless, whether you want to trade from your Android, iPhone, personal computer or your tablet, the experience will be equally easy for you. The same number of tools and services are available on all of these. This provides immeasurable comfort for the moden-day trader who is constantly on the move, making connections, travelling within the city or on his way to the airport for the fifth time this month. Being able to monitor your positions and control your trades at all times is crucial for your profits. Because of this and other features, Libramarkets rating is pretty high and climbing higher still.

What types of accounts does Libramarkets offer?

Libramarkets account review

Once you’ve made your decision to try trading with Libramarkets, you click on the “Sign Up” option on the screen and a registration form will pop up. The registration doesn’t ask for any information that’s not necessary for you in order to use the platform. The company is very mindful of its customers’ data.

Once you’ve registered as a customer, you get to choose between three different account types. Unlike a lot of other brokerages and businesses, the account types with Libramarkets aren’t differentiated mostly by access to the website’s features. Instead, the first, basic account already allows you to utilize the platform to a full degree. You will be able to use all the tools and features the company provides.

The difference is that with the basic account you will be solely responsible for all your trades. The second type of account, in contrast, will allow you to use the services of the company’s complex AI system designed to make perform your trades for you. If you don’t know how to use the vast capabilities of the platform’s tools, the AI will take care of your money and invest it appropriately.

The third account type additionally gives you the possibility to employ the services of some of the leading traders of the industry. You will be allowed to copy their trades and benefit from the years of money-making experience those people possess. This might be an attractive option for people who are either unprepared to do due research and analysis on their own or just want to doublecheck their decisions with other professionals.

On top of all this, you can also submit a request to create an individual account created and designed just for you. With the privileges and obligations that you choose.

What if I forget my password?

If you happen to not remember the password you use to sign in, just click on the “forgot password” link and you’ll be redirected to a page that will allow you to recover it within seconds.

We realize this is a pretty standard feature to have in this day and age. However, this is another little comfort that adds to the Libramarkets erfahrungen. It also adds to the legitimacy of the website and its good intentions.

What if I need further assistance?

If you need any sort of help within the platform, a large, dedicated team of responsible customer-support employees is there to assist you. This is an incredibly important feature and one that you might not find even among some of the more established players on the market. The company offers a live chat app. It also lists two separate phone numbers you can call and an email address for less urgent issues.

This is another aspect of performance affecting the Libramarkets rating score. This approach indicates that the company isn’t shying away from its responsibilities and is willing to offer any assistance it can within its means. Since Libramarkets has a large number of services and tools, some people might need additional information regarding using them. The enthusiastic people on their customer support team will help you navigate the website’s functions, help you deal with any deposit, withdrawal or trading problems and generally make sure that you have a good experience with the provider.

How will I fund my account?

You can deposit a minimum of 250 Euro or GBP to the website. You can do so by employing two different methods: Either transfer the money using a credit card from a bank of your choice or using Wire Transfer. VISA, MasterCard or Maestro credit card are accepted. You will indicate your preferred currency when you sign up for the broker’s services. Make sure to carefully consider this step, as you won’t be able to change it in the future.

Withdrawals are also made quite easily on the website. You’ll just need to go to your profile on Libramarkets and submit a provided withdrawal request form. Libramarkets financial department will tend to it straight away.

Summary of our Libramarkets review

Summary of our Libramarkets review

After so much discussion we need to finalize our answer. Can Libramarkets be trusted? Is it a worthy company to make a deposit in? No, not really. It most definitely is not what people are looking for in terms of security and stability.

Why? Because despite our positive tone about the broker’s trading features in the review, we kept the most important feature for last. The regulatory license. Unfortunately, Libramarkets does not posess any of the desired licenses in the EU market, or other markets for that matter.

Simply based on this fact, we cannot guarantee that the broker is trustworthy. For this reason, we can’t recommend this company at all.

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