Libramarkets Review – What to expect from the broker

Libramarkets is a CFD Broker that features on its trading platform CFDs on Forex, stocks, commodities, indices. Libramarkets is an unregulated company. The broker charges on a popular currency pair EUR/USD a spread of 3.0 pips*. Trading with real funds is possible with a minimum deposit of €250 (or equivalent in other currency). The Libramarkets website is available in English, German, Spanish and Turkish.

What do we cover in our Libramarkets Review?


General Risk Warning: 74–89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Basic information about the broker

  • Website address: www.Libramarkets.com
  • Instruments: CFDs – Forex, stocks, commodities, indices
  • Minimum deposit: €250 (Accounts held in euro or GBP)
  • Methods of deposit and withdrawal: Wire Transfer, Credit and debit cards (Maestro/Visa/MasterCard)

Libramarkets Trading Platform

Libramarkets offers only WebTrader, there are no other trading platforms (not even the PC version of MT4). The trading platform gives access to 250 trading instruments.

Libramarkets Fees (spreads)

As any other CFD broker, Libramarkets charges a spread fee. For the most current spread charges, please visit the Libramarkets official website. Here is a spread comparison table that contrasts Libramarkets spreads with popular industry competitors.


Asset EUR/USD USD/JPY GBP/USD AUD/USD
Libramarkets* 3.0 3.0 3.0 4.0
Plus500** 0.6 0.7 1.1 0.6
IQOption** 1.2 0.9 1.5 1.6

*Spreads recorded on 11.02.2020 at 9:06 GMT. Data about spreads were taken either from the trading platform or from the website of the broker. **Spreads recorded on 26.09.2019 at 11:26 GMT from the trading platform of the broker.

Libramarkets regulation

Libramarkets is not regulated by any financial regulatory body.

Advantages and disadvantages

Every Broker has its pros and cons, let’s have a look at the ones that elevate & denounce Libramarkets.

Libramarkets Pros
  • N/A
Libramarkets Cons
  • High spreads
  • No MT4, only WebTrader
  • No cryptocurrencies

To sum up the Libramarkets Review

Libramarkets is an unregulated broker that charges high spreads. The company does not feature MT4 or any other trading platform, just the WebTrader. The number of available assets is 250, but there are no cryptocurrencies (not even Bitcoin).

Your review can make a difference to other traders, please leave a comment if you have any personal experience with Libramarkets.

 



Michael

Currency Strategist & CEO(Read more about me)
Hi, I'm Michael and my area of expertise is forex and cryptocurrency trading. I specialize in intraday trading of G20 currencies and to anticipate potential market moves I utilize a fusion of both fundamental and technical analysis. My most current interest lays in cryptocurrencies, especially in Ethereum and in decentralized applications.
Michael

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