Accessibility for forex trading is what Libermark claims to bring to the table. Libermark.com promises to deliver better trading conditions and features. This could be a nice tagline if only the platform followed protocol. Unfortunately, it’s an offshore platform and enjoys no compliance or regulation from authorities. As a result, a majority of members have started lodging complaints to regulators. And this is the reason for our conclusive LIBERMARK.COM REVIEW.
A Closer Look at Libermark
VITAPROOF Pltd is the parent company that owns Libermark. According to the disclaimer at the footer of the homepage, they reside in Bulgaria. Once you land on the homepage, there’s no doubt you will like the design.
Everything looks exceptional and is delivered professionally. And this is one of the reasons why most investors didn’t bother checking the background. But, as an investor, it’s your duty to do due diligence before committing funds.
And this is where we come in, and we believe it’s our duty to inform users of unregulated platforms. The risks that come with unregistered platforms are huge. In most cases, investors end up losing funds with no way of making a recovery.
The best option as an investor and trader is using tested platforms that offer transparency. Today’s investor wants proven means of making realistic returns. And this is why we believe Coin staking, DeFi, and Masternoding, are the future.
To protect your investment, we don’t recommend investing or trading with Libermark. Below are some of the concrete reasons why you should avoid it. With regulators in Europe planning to ban this platform, it’s best to steer clear.
Account Availability Libermark
Libermark offers two types of accounts, savings and trading accounts. We will take a closer look at both of these accounts and what they bring to the table. Our first account is the savings account.
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The savings account offers five services which include Crypto savings and portfolio management. Under portfolio management, the platform offers dedicated and diversified portfolios.
Hedging and a personal banker account are the last two services under the savings account. In addition, you get a dedicated senior analyst, thanks to the personal banker account.
It’s the most basic account under the trading account settings. There’s a minimum deposit of $2,000, with the maximum set at $3,000. In addition, members get three educational and trading sessions with a senior analyst. You also get access to over 100 assets.
There’s a minimum deposit set at $3,000 with a maximum of $10,000. Members get unlimited education and trading sessions with analysts. You also get 5 VIP signals and 5 withdrawals for free.
A deposit of $10,000 is required to start trading with this account. Members get the same features as a silver account with 10 free withdrawals. You also get access to over 200 trading assets.
It’s the most exclusive account, and members must deposit $50,000 to start trading. There’s a limit to education and trading sessions with analysts that is set to 10. Members get 3 VIP trading signals, and the first withdrawal is free.
From the look of things, the VIP account only has a high depository amount with no advantage.
Analysts on the payroll
The so-called analysts have no professional trading background. Nevertheless, Jenniffer was constantly harassed by these analysts. According to her, they bombarded her with calls urging her to deposit more funds.
These analysts claim, the more you deposit, the higher your chances of winning. We know for a fact that these are call agents who earn commissions with every deposit made. Yet, there’s no place we get to verify their professional status.
Assets and trading instruments
There are only three assets available for trading. Most accounts offer over 100 trading assets. The assets are divided into three categories, commodities, currencies, and indices. There’s no mention of crypto or stock trading.
Bonus 100 percent
To entice investors into depositing more, the platform promises a 100 percent trading bonus. But, of course, it would help if you were extra careful with these commissions and gifts. Regulators are blacklisting platforms that offer bonuses, and it’s with good reason.
The platform will use the bonus amount to blackmail investors into depositing more funds. You won’t get to withdraw a penny unless you pay back the bonus amount. There’s no point in offering bonuses as if they are loans.
Even if your account has the balance to pay the bonus, the platform will insist on a new deposit amount. By this time, the platform knows you want out, and they will want to milk as much as possible.
The Bulgarian Company Registrar does not have any company registered with the above name. And this means they are using a random business name. So if you search using search engines, the results only point to Libermark.
There’s no other link to this Company which is odd. We are dealing with an anonymous website that uses a random registration number. You also don’t see the names of the people working behind the platform.
As an investor, you would feel safe knowing the person who is responsible for your funds. Unfortunately, it’s not the case with this platform, as they barely let us know who they are. And this is the reason we recommend you stay away.
There’s no live chat, and you shouldn’t expect any direct help. Making calls isn’t helpful as the line is ever busy. The platform ought to have a live chat or pick calls. It’s the scenario facing all members when they attempt to make contact.
Deposit and withdrawal
Depositing funds is easy as the platform accepts Fiat currency. Some of the depository channels include MasterCard, Neteller, and Visa. However, withdrawing funds is still a major challenge to members. No one has come out with proof of withdrawing funds with the platform.
Libermark License and Registration
Libermark is not a licensed entity and does not hold any legal sway on investment matters. With the platform claiming to reside in Bulgaria, they ought to have complied with Bulgarian laws. The BFSC and SBSB do not have any platform licensed or regulated with the above name.
Investors who deposit funds to such platforms do not enjoy protection from regulators. As a result, these platforms fail to comply and enforce harsh trading conditions.
Pros and Cons of Libermark
You only get a custom-made platform with no advanced tools. Jenniffer further claims the platform is slow at executing trades. The platform may lack stability hence the negative attributes.
When trading, using the best platform the industry has to offer gives you an added advantage. These include an intuitive user interface, real-time chart tools, and special analysis features. Start using MT4, MT5, and SIRIX trading platforms.
Safety of funds with Libermark
Your funds are not safe with a platform that does not enjoy any oversight. The platform will likely transfer funds to a single offshore account. And this means segregation of accounts is out of the question.
The platform also fails to offer insurance to act as cover for deposits made. In the event of bankruptcy or insolvency, members won’t get any compensation.
We have seen why this platform is such a risk to investors. And this is the reason we are adding it to our blacklist.
Choose ideal investment platforms that offer safety to members. It’s the only way of earning realistic returns.
Don’t hesitate to leave a comment or send an email with any queries. We would be happy to respond.