Basic Information & Regulation
Libra Markets is a Forex and CFD broker based in Estonia and is not currently subject to any active regulation.
Safety Analysis of Libra Markets
Libra Markets is currently an unregulated brokerage platform, which means that the safety of its clients' funds and trading activities are not effectively protected compared to those of strictly regulated dealers such as the FCA in the UK and CySEC in Cyprus. Therefore, investors are advised to stay away from this Libra Markets brokerage firm.
Market Instruments of Libra Markets
Libra Markets offers traders a wide range of financial trading instruments, including mainly Forex currency pairs, indices, precious metals, various stocks, and cryptocurrency CFDs.
Accounts & Leverage
Libra Markets offers traders a regular account with a minimum deposit of €250 and maximum trading leverage of 1:500.
Spreads & Commissions
Compared to other brokers, the spreads on the Libra Markets platform are high. For example, the spread on USD EUR is 3 pips, which is much higher than the industry standard.
Trading Platform Available of Libra Markets
Libra Markets offers investors a lightweight online trading platform, a trading platform that seems suitable for binary options trading, oversimplified, and lacking many advanced features as MT4& MT5.
Deposit and Withdrawal
Withdrawals take at least 10 days, and the minimum amount for wire transfers is €500.
Pros & Cons of Libra Markets
The main advantages of Libra Markets are:
1. Over 250 traded assets
The main disadvantages of Libra Markets are:
1. Not subject to any regulation
2. Non-MT4/MT5 trading platforms
3. High spreads
4. Long withdrawal times
