LibBit- Some Detailed Information about This Broker

General Information & Regulation

LibBit is a Latvia-registered online broker, with its actual office address, founding time and the company behind it unknown. It has been verified that this broker currently has no valid regulatory, please be aware of the risk.

Market Instruments

Tradable financial instruments available on the LibBit platform include forex currency pairs, Metals, stocks, commodities, indices and cryptocurrencies.

Minimum Deposit

There are two trading accounts on offer on the LibBit platform: Base Trade and Opti Trade accounts. The minimum initial deposit for the first account is $100, while for the second is $1000.

Leverage

Trading leverage depends on which trading account you choose. The maximum leverage for the Base trade account is 1:100, for the Opti Trade up to 1:500. Since leverage, can amplify both profits as well as losses, choosing the right amount is a key risk determination for traders.

Spreads & Commissions

As per the LibBit website, the spread on the EUR/USD pair is from 0.1 pips, not sure if commissions is charged.

Trading Platform Available

What LibBit offers its traders is not the highly-recognized MT4 or MT4 trading platform. No related information is mentioned.

Deposit & Withdrawal

Payment methods are missing on the LibBit official website.

Customer Service

The LibBit official website is multilingual, and its customer support team can be reached through telephone. Unfortunately, live chat is unavailable.