LIBRAFG Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-11-29 12:21

Abstract：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.

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

LIBRAFG Review Summary in Points
Company name	LIBRAFG
Registered country/region	United Kingdom
Regulation	Unregulated
Trading Platforms	MetaTrader4
Market Instruments	Foreign exchange, commodities, indices and stocks
Demo Account	Not available
Minimum Deposit	$250
Maximum Leverage	1:200
Spread	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.
Customer Support	Phone: +442080894838
Customer Support	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

Pros	Cons
Various market instruments	Not 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.

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 Deposit	Spread
basic	$250	2.8~3
gold	$25,000	2.5~2.8
platinum	$100,000	1.9~2.2
VIP	$250,000	1.4~1.7

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 Platform	Supported	Available Devices	Suitable for
MetaTrader4	✔	iOS、Android	Anyone

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. Deposit	Fees	Processing Time
credit card	$250	No mention	No mention
bank wire	$250	No mention	No mention
e-wallet	$250	No mention	No 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 card	No mention	The number of free withdrawals is different for different accounts.	within 24 hours
bank wire	No mention	The number of free withdrawals is different for different accounts.	within 24 hours
e-wallet	No mention	The number of free withdrawals is different for different accounts.	within 24 hours