LibertMark is claiming to be an innovative broker and is setting the benchmark in online trading. Libert Mark is an unknown broker who is set on destroying any investor who signs up. There are numerous complaints from investors who fell victim to this scam. Stay away from this platform, or else risk losing your entire deposit. The platform is a ruthless online trading platform, and having over 1 million members is a lie. Read this thorough Libertmark review for more.
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The broker has made a bold move by guaranteeing profit for every member. There’s a quote of a 14.2 percent profit margin with this broker. These are false claims that hold no real value in the trading world.
No broker or robot can claim to guarantee daily profits. The market is volatile, and prices change due to unforeseen factors such as boardroom wars. With the broker claiming to offer a guarantee, this is one of the many red flags we spot. Sadly, there are more red flags that we must expose.
What most investors don’t care about is the location of the broker. The disclaimer at the footer of their homepage shows an offshore address. The broker is in St. Vincent and the Grenadines.
This is heaven for offshore brokers who fail to meet strict trading requirements. These brokers tend to hide in offshore places to avoid prosecution from authorities. Once they have your funds, there’s no way of recovering your deposits. It’s why we must expose these scam artists.
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There are five powerful trading assets that the broker claims to offer to investors. These assets include Commodities, Digital Currencies, Forex, Indices, and Stocks. Commodities to find include coffee, cotton, crude oil, gold, silver, and more.
Digital assets include Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Ripple, and Tether. We see six major currency pairs as forex assets. Indices include CAC 40, DAX 30, FTSE, NASDAQ, and more. We also get to see stocks from major companies such as Amazon, Apple, Facebook, Google, and more.
The disclaimer at the footer of the homepage lists Arigon Advance Ltd as the company behind this platform. With the company being an offshore entity, we could not get any registration details.
From our experience, these companies are non-existence and are only used to sell the platform. Once naïve investors check and notice there’s a company, they tend to believe what they read. It’s good to do due diligence and conduct some research on the broker.
Most complaints we’ve seen seem to point at the rot that is happening within the platform. The members seem to be angry with the platform for various reasons. Some claim that the broker adamantly refuses to allow withdrawals.
Others claim they get calls at odd hours demanding that they deposit more funds. These callers argue that the more you deposit, the higher your chances of winning. Remember that no one has been able to make withdrawals with this platform. The more you deposit, the more funds you lose.
According to a trusted domain checker tool, the website went live on 8th December 2020. It’s barely a year old as we publish this content. In fact, the platform has less than three months in the game.
In that duration, complaints have risen, which indicates that the broker is up to no good. Thanks to domain checkers, you can check and verify the history of a website. It tells us that their claim of having years of experience is a lie. These are amateurs trying to steal from investors.
LibertMark is furnishing users with three account types to choose from. These accounts include Beginner, Pro, and Expert. The minimum deposit for the Beginner account is 250 Euros. Pro account holders must deposit 2500 Euros to start trading. Expert account holders must deposit 25,000 Euros to start trading.
All these accounts come with a welcome bonus, which is another scary feature. You won’t withdraw your funds unless you deposit the amount of bonus they offer.
As far as contacting the broker goes, the broker ensures that they control the communication channels. You can only send an email or make a call at designated hours. Most of the calls you make won’t go through, and when they do, a broker takes your information.
It gives them the contact details they need to call you at odd hours demanding more deposits. We still haven’t received any response from their mail channel. We believe these are scam artists who might sell your personal information.
Depositing channels include Maestro, MasterCard, Wire transfer, and Visa. There are no documents to show the terms and conditions for depositing and withdrawals. That means you won’t withdraw unless the broker gives the green light.
Even if the account has an acceptable withdrawal amount, the broker must give the green light. It goes to show how controlling the broker is with member’s funds.
LibertMark WebTrader is the trading platform available with this broker. The broker claims to have over 350K active trades and an average return of 14.2 percent. Their web trader has flaws as it does not have security software fit for trading.
The platform is also not proven and can sometimes be slow, according to members. These are some of the reasons why you must stay away from the platform.
LibertMark holds no valid credentials to operate a brokerage firm. The platform is barely making any profit and does not even list its license number. The company in question is not a registered entity, which means it’s a fraud.
These brokers who don’t have valid licenses offer a risky way of investment. Without a valid license, it means authorities won’t protect investors from losses.
It’s best to sign up with legal brokers who have valid trading documents. These documents protect investors in the unlikely event of bankruptcy or insolvency. A broker with a valid license has also made the minimum acceptable deposit for trading.
In most jurisdictions, a broker must deposit a certain amount with the country’s central bank. It helps insure deposits made by investors.
There’s no safety of funds with a broker that has no valid license. The website lacks proper security software to protect investors from malware. It’s a sign that hackers can easily take over the transaction process and steal your bank details.
LibertMark is a scam, and there’s no doubt in our minds that authorities will soon shut them down. All evidence points to an offshore broker who refuses to follow strict online trading regulations. Please stay away from such platforms or become their next victim.
We won’t be recommending the broker as it’s a classic online scam broker. Could you stay away from it?
The best option is to choose reliable brokers who have a ton of trading experience. These brokers ensure you get the protection you need by making informed decisions. Sign up with industry-leading brokers today.
We wish everyone a safe and successful trading experience.
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