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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 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

  

Related broker

No Regulation
LIBRAFG
Company name:LIBRAFG LTD
Score
1.52
Website:https://librafg.com/en
5-10 years | Suspicious Regulatory License | Suspicious biz area | High potential risk
Score
1.52

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