Libra Markets is a forex and CFD trading broker that was founded in 2019 to offer online trading services in various assets, including forex, commodities, and indices, through a web trading platform that is loaded with specialized trading tools for advanced traders. There are multiple account options with an initial opening balance of $250.
Libra Markets Review Introduction
In this Libra Markets review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support, and broker regulation.
You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers including Libra Markets.
Libra Markets Platforms & Tools
Libra Markets provides traders with their proprietary trading platform, which is a web-based platform that enables you to trade without first installing any software. The web platform makes trading simple and fast; 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, thus allowing traders to gain access to their trading accounts and place trades anytime and from anywhere, provided you are connected to the internet.
Trading tools, like Economic Calendar, Dividends Calendar, Market Movers, and Live Charting, are available to traders, and they help traders to trade better.
Libra Markets Research & Education
Libra Markets gives their clients access to a selection of educational resources to help them improve their trading knowledge. These resources include trends, analysis, introductory articles on a range of trading topics, and an FAQ section that offers prompt answers to clients’ most common questions.
Libra Markets Trading Accounts
The broker allows traders to choose an account type that best suits their trading objectives and capital. The various account types include the Regular Account, Robo-Trading Account, and Social Trading Account. The minimum deposit required is $250.
Libra Markets Account Funding
Clients can deposit and withdraw funds from their trading accounts using any of the following payment methods:
- Wire Transfer
- Credit/Debit Cards, such as Visa, MasterCard, and Maestro
Some payment methods may not be available for both deposits and withdrawals, whereas the transaction processing time may vary depending on the payment method.
Libra Markets Customer Service
The broker’s client support team is available to offer knowledgeable responses to clients’ inquiries, and they can be reached via telephone and email. There is no online Live Chat support on the broker’s website.
Libra Markets Regulation
Libra Markets is not regulated by any known financial authority at the moment, and many experienced traders and professionals advise against trading with an unregulated broker as they cannot offer the same protection to investors that a regulated brokerage firm can.
Libra Markets Review Summary
Libra Markets is a retail trading broker that was launched in 2019, with offices in Estonia and Latvia. They offer traders their proprietary, web-based platform for online trading of multiple financial products, spread across different asset classes. They provide traders with trading tools and educational resources, as well as a client support team. However, the broker is not regulated which would be a red flag to many potential clients.
It is worth mentioning that some of the trading products and services in this Libra Markets review may differ or not be available to traders in some countries due to regulations. As broker’s terms can change over time, please verify all information is up to date directly from the Libra Markets broker website which you can visit by using the link below.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.