Libra Markets Review 2020
Libra Markets is an online trading broker that offers forex, stocks, commodities, and indices for trading online. There are multiple account options with an initial opening balance of $250. However, the broker is unregulated and they do not offer the popular MetaTrader platforms that so many traders have already become accustomed to.
Libra Markets Review 2020, Pros & Cons
- Multiple trading account options
- Multilingual customer support
- Selection of trading tools & educational resources
- Various asset classes for trading online
- Unregulated broker
- No MetaTrader platform
- No US clients
- No live chat support
- Limited funding options
- Not the lowest spreads
In this detailed Libra Markets review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
Libra Markets is not ranked in our best forex brokers, best stockbrokers, best CFD brokers, best crypto brokers, or best online brokers categories. You can use our free broker comparison tool to compare online brokers including Libra Markets.
Libra Markets Review: Summary
Libra Markets is an online brokerage that offers trading online across multiple asset classes via a web trading platform with extensive features, such as risk management tools, personalized watch lists, customizable charts, news filters, and more, which are useful to advanced traders.
Libra Markets Review: Regulation
There is no regulatory information on the broker’s website at the moment, thus they are unregulated. Most experts and professionals would not trade with an unregulated broker as they cannot offer the same protection to investors that a regulated brokerage firm can. Please see our best trading brokers for alternative regulated brokers.
Libra Markets Review: Countries
The broker states specifically that its services are not directed at residents of the United States. Residents of other countries that prohibit trading with foreign brokers are not be allowed to use their services.
Some Libra Markets features and products mentioned within this Libra Market review may not be available to traders from specific countries due to legal restrictions.
If you are looking for a trading broker in a particular country, please see our best brokers USA, best brokers UK, best brokers Australia, best brokers South Africa, best brokers Canada or our best brokers for all other countries.
Libra Markets Review: Trading Platforms
Libra Markets provides you with full access to their WebTrader platform that enables you to instantly trade with no need to download or install any software. It means you can trade Forex from your browser on any Windows, Mac, or Linux device. The web platform makes trading simple and fast. With it, you can execute trades, perform analysis, and monitor the markets, all in real time.
It has a user-friendly and intuitive interface, single-click trade execution, and cutting edge technical analysis tool that provides features, such as Fibonacci lines, equidistant channels, vertical and horizontal lines, trend lines, and more.
The WebTrader also comes on most mobile devices, including Android and iOS smartphones and tablets. In this way, you can access the global markets from everywhere, at any time.
Libra Markets Review: Trading Tools
The broker provides traders with a range of useful trading tools, including Economic Calendar, Dividends Calendar, Market Movers, and Live Charting.
Libra Markets Review: Education
The education section of the broker’s website contains resources about Trends, Analysis, an FAQ section, and introductory articles on various trading topics.
Libra Markets Review: Trading Instruments
Libra Markets is an online trading broker that offers forex, stocks, commodities, and indices for trading online.
Libra Markets Review: Trading Accounts & Fees
With Libra Markets, you can choose one of three account types – Regular Account, Robo-Trading Account, and Social Trading Account. The minimum deposit required is $250.
As broker fees can vary and change, there may be additional fees that are not listed in this Libra Markets review. It is imperative to ensure that you check and understand all of the latest information before you open a Libra Markets broker account for online trading.
Libra Markets Review: Customer Service
The broker’s client support team is available via telephone and email. There is no online live chat support on the brokers website.
Libra Markets Review: Deposit & Withdrawal
Libra Markets accepts a few deposit and withdrawal methods — you can make your deposits and withdrawals via wire transfer or credit/debit card, including Visa, MasterCard, and Maestro.
Libra Markets Review: Account Opening
You can open a new account by directly applying through the broker’s website. Navigate to the “Sign Up” button at the top right corner and complete the registration form.
It is imperative to ensure that when you are going through a broker application, you clearly read all of the broker’s terms, conditions, and policies. Only proceed if you fully understand and agree to them.
Libra Markets Review: Conclusion
Libra Markets is an online trading broker that offers multiple financial instruments for trading via a webTrader platform. They provide traders with useful trading tools and educational resources, as well as a professional client support team.
However, the broker is not regulated which would be a red flag for many potential clients. They also do not offer the MetaTrader platforms, have limited funding options, no live chat support and not the lowest spreads that we have seen when compared to some of the best brokers.
Online Trading and Foreign Exchange is highly speculative and carries a level of risk that may not be suitable for all investors. You may lose some or all of your invested capital; therefore, you should not speculate with the capital you cannot afford to lose. You should be aware of all the risks associated with Online Trading and Foreign Exchange.