Deposit Withdraw
search
globe icon
English Deutsch Ελληνική Nederlands Polski
globe icon
Australian casinos No verification casinos Australia Casino bonus offers in Australia 1 hour withdrawal casinos Australia Instant withdrawal casinos Australia Canadian casinos Instant withdrawal casinos Canada 1 Hour withdrawal casinos Canada No verification casinos Canada Casino bonus offers Canada German casinos Instant withdrawal casinos Germany Sofort online casinos Germany No verification casinos Germany Casino bonus offers Germany Dutch casinos 1 hour withdrawal casinos Netherlands No Verification Casinos Netherlands Casino bonus offers Netherlands Online casinos not on CRUKS iDeal online casinos NZ casinos 1 Hour withdrawal Casinos NZ No verification casinos NZ Best casino bonus offers NZ Swedish casinos No Verification casinos Sweden 1 hour withdrawal casinos Sweden Casinos without Swedish license Instant withdrawal casinos Sweden Best casino bonus offers Sweden 1 Hour withdrawal casinos No account online casinos Minimum deposit casinos No verification casinos High payout casinos Best crypto casinos Instant withdrawal casinos Polish casinos UK online casinos
deposit icon
PayID casinos Interac casinos Skrill casinos Flexepin casinos iDeal casinos GiroPay casinos iDebit casinos InovaPay casinos Jeton casinos Klarna casinos MiFinity casinos eZeeWallet casinos Boleto casinos Venus Point casinos BankID casinos Trustly casinos Apple Pay casinos SticPay casinos Zimpler casinos Siru Mobile casinos Nordea casinos Neteller casinos MuchBetter casinos Sofort casinos Payz casinos AstroPay casinos Paysafecard casinos Neosurf casinos
  • Home
  • Casinos
  • Bonuses
  • News
  • Contact Us
Deposit Withdraw
search

Suggestions for your country

globe icon
English Deutsch Ελληνική Nederlands Polski
globe icon
Australian casinos No verification casinos Australia Casino bonus offers in Australia 1 hour withdrawal casinos Australia Instant withdrawal casinos Australia Canadian casinos Instant withdrawal casinos Canada 1 Hour withdrawal casinos Canada No verification casinos Canada Casino bonus offers Canada German casinos Instant withdrawal casinos Germany Sofort online casinos Germany No verification casinos Germany Casino bonus offers Germany Dutch casinos 1 hour withdrawal casinos Netherlands No Verification Casinos Netherlands Casino bonus offers Netherlands Online casinos not on CRUKS iDeal online casinos NZ casinos 1 Hour withdrawal Casinos NZ No verification casinos NZ Best casino bonus offers NZ Swedish casinos No Verification casinos Sweden 1 hour withdrawal casinos Sweden Casinos without Swedish license Instant withdrawal casinos Sweden Best casino bonus offers Sweden 1 Hour withdrawal casinos No account online casinos Minimum deposit casinos No verification casinos High payout casinos Best crypto casinos Instant withdrawal casinos Polish casinos UK online casinos
deposit icon
PayID casinos Interac casinos Skrill casinos Flexepin casinos iDeal casinos GiroPay casinos iDebit casinos InovaPay casinos Jeton casinos Klarna casinos MiFinity casinos eZeeWallet casinos Boleto casinos Venus Point casinos BankID casinos Trustly casinos Apple Pay casinos SticPay casinos Zimpler casinos Siru Mobile casinos Nordea casinos Neteller casinos MuchBetter casinos Sofort casinos Payz casinos AstroPay casinos Paysafecard casinos Neosurf casinos
  • Home
  • Casinos
  • Bonuses
  • News
  • Contact Us
Home
Forex
LibraMarkets: Login, minimum deposit, withdrawal time?
item_logo

Libra Markets

1/5

Min deposit
$250
License
N/A
Country
Estonia, Latvia

Libra Markets Details

Languages

Table of contents

  • Libramarkets Login
  • Libramarkets Minimum Deposit
  • Libramarkets Withdrawal Time And Fees
  • Bottom Line

Is LibraMarkets as the name suggest a liberating experience, one that crosses the boundaries of what is expected from a broker, or is it something different but still familiar to us? Read on to find out.

The broker is presumably owned Yield Enterprise Currency Software OÜ in Estonia, and is operated from Latvia. Let us dig a little and see what we will find out. First of all, Yield Enterprise Currency Software OÜ is in fact a registered as a private limited company in Estonia with capital of only EUR 2500.


In Estonia the Finantsinspektsioonacts (FI) acts as a regulatory entity for all financial services institutions, with all regulated companies being officially included in an online register. We went through the online registry and found no results, so we can conclude that LibraMarkets is not regulated in Estonia. Even if a company is registered in a country that does not make it licensed by its appropriate body which is crucial for any forex broker to be.

Next we have the operational address in Latvia. The Financial and Capital Market Commission (FCMC) is the Latvian forex regulator, among other financial industries. If international brokers wish to operate in Latvia they must absolutely hold a FCMC license, otherwise their activities in Latvia will be annulled. After checking with the website we found no trace of a LibraMarkets. So in conclusion LibraMarkets in UNREGULATED and as such is a risk to all investments.

Not to mention that both Estonia and Latvia are known amongst the Forex industry as places where many shady brokerage firms base their operations.

Investing in unregulated brokers is the digital equivalent of throwing your money away for the wind to disperse it. It’s obvious that no one would do such a thing. Go with brokers that are regulated by trustworthy organizations like the FCA or CySEC. These entities work closely with the law, enforce it when called for, and have strict requirement for those under their gaze. Not to mention that those under their jurisdiction are members of compensation funds that cover victimized clients’ losses of up to £85 000 (FCA) and €20 000 (CySEC).

The leverage we were offered when opening a Live Account (only shady brokers allow for easy live account Sign Ups) was 1:400 max which is above the 1:30 ESMA imposed value; another sign of the broker’s fraudulent activities. Furthermore, the broker claims that it can offer up to 1:500 leverage on other account types.

The EUR/USD cost of trade is 3.2 pips on average which is unacceptable, aiding only the broker.

The assets given to traders are as follows: Forex Pairs, Crypto, Commodities, Stocks, and Indices.

The website is accessed in English, German, and Spanish.

LIBRAMARKETS LOGIN

LibraMarkets come with a web based trader that reminds us of Olympia Markets’ platform, which is by all means not a good thing since this is yet another shady company. The are multiple time frames, chart indicators, and options for optimizing a traders game, but there isn’t enough to retain and even impress.

The leverage is capped at 1:400 on the platform, and the EUR/USD spread is around 3.2-3.4 pips, which speaks for itself just how ridiculous it it.

There are commissions attached, yet they follow in the steps of the spread, i.e they are absurd. The commissions can range from $0 to $100 per 1 lot traded depending on the account type and the “terms and conditions for every client”


We remind readers that a $10 commission increases the spread by 1 pip… imagine if the commission is $100. It would propel the spread forward with 10 pips!

Furthermore, these “other accounts” we found no trace of. Our research left us with the conclusion that there are only two types of accounts: Live and Demo.

LIBRAMARKETS MINIMUM DEPOSIT

The minimum deposit is $250. This is the standard amount that most brokers demand. For Wire Transfer the minimum is $500.

Depositing methods are Credit/Debit cards, Wire Transfer, and Bitcoin.

Due to he broker’s lack of any regulation, we advise against depositing any amount whatsoever. If traders wish to invest in online forex, they will find that any FCA/CySEC regulated broker will surely do. These agencies are at the top of their game, demanding a strict conduct from brokers, and requiring regular reports on their activities

DON’T PROVIDE YOUR CREDIT CARD CVV CODE

The three digit CVV code is essential to making purchases or completing transactions online. By handing this info to someone claiming to be a broker, your are exposing your savings to the biggest risk of all!

DON’T PROVIDE ACCESS TO YOUR COMPUTER AND BANK ACCOUNT VIA ANYDESK OR TEAMVIEWER

Be sure to never give AnyDesk or TeamViewer access to your PC to unverified agents. These 2 platforms allow for your PC to be taken over by a second party, often times for help or guidance, but in the case of these brokers for the sole purpose of looting your bank account(s) and personal information. However, in order to do so your consent is needed, and this is the only thing standing in the scammers’ way.

LIBRAMARKETS WITHDRAWAL TIME AND FEES

The minimum withdrawal via Wire Transfer is $500. When we tried to withdraw from the Client Area, we were given a minimum of $50, yet we had no option to choose our withdrawal method. And so we are unsure if the Wire Transfer minimum is actually $500.

A clause worth a mention is one that is concerned with the appliance of a bonus. In order to withdraw an amount that has a bonus attached to it, one must meet an undisclosed amount of trading volume.

T

The broker claims that it will process withdrawal request between 5 and 10 days. Add to that the time it takes for the payment systems to send over your money and you have on average 2 weeks of waiting time.

There are no withdrawal fee mentioned anywhere.

ADDITIONAL FEES AND TAXES

There are no additional fees mentioned in any of the Legal Documents. Don’t let this soften you up. Brokers that have no regulation are known to launch incoming fees without notice. For this reason they try to postpone any withdrawal request. The most popular excuses for denying your withdraw requests are usually smart and for the most part scripted. These include but are not limited to loopholes in the T/C, asking for more deposits in order to withdraw, or just prolonging your pending withdrawal by claiming that the market will suddenly propel, multiplying your winnings by unrealistic proportions.

ACCOUNT VERIFICATION

If a broker is unlicensed, never give you ID and personal details to it, because the broker will use these details against you once you file for a charge back. Furthermore, any allegation held against the brokerage will be easily refuted if they have in their possession a copy of your ID and proof of address.

We are positive that this so called broker will not return your funds; the evidence we have laid out before you work in sync against it. The sound thing to do is to direct your attention and investment to an FCA or CySEC licensed broker where the law is integrated in every aspect of their operations.

HOW TO RECOVER

The most sound advise we could give you is to immediately file for a chargeback with you credit card company.

Any details you might have shared with the broker, most notably the CVV code, are sure to be used against you, thus you should swiftly cancel your credit card ASAP.

Victimized traders will have their guards down looking for every opportunity to get their money back. This is where the fake recovery agents come in, seeing an opportunity in your desperateness. First of all, they will promise to recover all your money, but they will ask a fee to cover their services. Once this fee is paid rest assured that you will never again hear from them.

The last line of defense for these indecent folk is more like a desperate cry: often times they will comment on reviews and cite the whole ordeal as a conspiracy initiated by competitive brokers against them; at times even claiming that reviewers are anything but objective, and that no one writes good reviews. The absurdities are limitless!

BOTTOM LINE

As you have seen LibraMarkets is everything but liberating. In fact it will probably imprison your funds and never return them, and for this main reason (and more) we urge traders to keep away from this one.

Libra Markets compared to other brands

Brand

Rating

Bonus

Min Deposit

Company

Country

item_logo

Libra Markets

1/5

-

$250

Estonia, Latvia

item_logo

ForexTime

4/5

Copy trading

$10

United Kingdom, Cyprus, South Africa, Mauritius

Visit
item_logo

OctaFX

4/5

50% Bonus

$50

Cyprus, Saint Vincent and the Grenadines

Visit

4 Comments

  1. ally

    August 12, 2019 at 8:16 pm

    Libra Markets is a bunch of scammers there is no other way of explaining what happened , once I reached a good amount of money on my account these people placed bad trades until al the money was gone , during that they did not react to my calls to stop trading they just ignored.
    now I know they are using a manipulated trading platform so the money was lost when it was transfered!
    STAY AWAY from this scam broker !

    Reply
  2. Vijay K

    November 19, 2019 at 10:08 am

    Hi, I have an withdrawal pending since OCT 25 2019 of my minimum deposit with a small gain of 50Euro, all I get is so called accountmanagers trying to postpone or stalling with all kinds of stories and everytime I send emails I get an automated reply:
    Thank you for contacting our support department.
    Please be advised that your inquiry is received and we have forwarded it to the relevant department.
    Please expect a follow up call or an email.
    So after calling them support, they cannot put you through with the relevant finance department and (again) will get a phone call from a accountmanager explained that I am not pleased with their services and with their tradingplatform its webbased and no MT4 or MT5 platform are available. On November 18 2019 I spoke again with a accountmanager and telling me that my registration is signed up connected to a cryptobot, and withdrwawing now would end up in losses? I told him how is that possible if there are no open trades and withdrawal of 300 Euro is still pending and he told me that the Bot is calculating an algorithm based on last (7) winning trades. I find that very hard to believe when there is an pending withdrawal and available balance to trade with So told this accountmanager that I dont want to proceed with Libra Markets and want my money back… He would escalete this matter and would get back to me this week. I wonder.. Is there anyway to take legal steps against this scambroker?

    Reply
    1. Lynn

      January 14, 2020 at 10:23 pm

      Its true.. this is the same what happen to me now and they reply also the same message in email… it is true a Libra Market is Big Scammer.

      Reply
  3. Grozdan

    January 15, 2021 at 5:41 pm

    Libra market is not market ..they are thieves …you never gonna get any mone you invest…its shame for government in Estonia..they actually let them stilling money from people…
    So , never ever try to give them any information or money ..spread word all over the world who they are…they are evil …big evil…

    Reply

Leave a Reply Cancel Reply

footer image footer image footer image footer image footer image
  • Popular

  • Comments

Vikash: They are the biggest froud in the market please stay away fr ..
Salvador Sanchez: Um trying to withdraw 139$ but it’s says undefined error ..
John Doe: Played the games. Minimal to no return. Seems dodgy. There's ..
Leo Sarkic: Jag har provat 10 gånger att ta ut pengar som jag vunnit men ..
Brian Xiong: I've made a deposit but my account was never funded. Tried m ..

Forex

Minimum Deposit Online Casinos (2023)
Deposit-Withdraw October 24, 2023
Trive: Regulation, fees and withdrawal time
Deposit Withdraw March 10, 2023
VFX Financial: Minimum deposit, fees and withdrawal time
Deposit Withdraw December 16, 2022
XNT: Minimum deposit, fees and withdrawal time
Deposit Withdraw December 16, 2022
SwissRoi: Minimum deposit, fees and withdrawal time
Deposit-Withdraw December 13, 2022

Casinos

Trickz Casino Review (2025)
Deposit Withdraw April 3, 2025
Xon Casino Review (2025)
Deposit Withdraw April 1, 2025
RocketPlay Casino Review (2025)
Deposit Withdraw March 31, 2025
MonsterWin Casino Review (2025)
Deposit Withdraw March 30, 2025
Sol Casino Review (2025)
Deposit Withdraw March 27, 2025
Fresh Casino Review (2025)
Deposit Withdraw March 26, 2025
Moana Casino Review (2025)
Deposit Withdraw March 26, 2025

Lists

Instant withdrawal online casinos NZ (2024)
Best Online Casinos Belgium (2024)
POLi Casinos with Instant Withdrawal (2024)
No Verification Online Casinos UK (2024)
Real money online casinos Australia (2024)
Under 1 hour withdrawal casinos Germany (2024)
German online casinos without limits (2024)
Best Mifinity Casinos Netherlands (2024)
footer logo

Disclaimer: Gambling may be prohibited in certain jurisdictions, and you are required to adhere to the regulations of your local area or country. The minimum legal age for online gambling may vary depending on your place of residence. Deposit-withdraw.com solely offers informational services and assumes no liability for your choices. Remember that gambling can be addictive. We urge you to engage in RESPONSIBLE gaming.

gamble age restriction
gamble aware

Copyright 2023 | All rights reserved