Libertmark is an offshore Forex / Crypto broker, that opened on December 8th 2020, and is now closed.
Officially they are owned by: Arigon Advance Limited. The displayed address on their website is somewhere in Saint Vincent, but their Terms & Conditions page states that they are governed by Estonian law. Phone number is: +44 203 9667329, and contact email address is: [email protected]. Official website is at: https://libertmark.com/
Many people have problems withdrawing money from offshore brokers, see here.
Libertmark Review
Our review of the brokerage firm Libertmark finds, that they are offering a very basic Forex / Crypto CFD trading platform, with TradingView charts. This trading app offers a variety of underlying assets to trade in the categories of: Forex, Crypto, Market Indexes, Shared and Commodities.
Just like you, we also found this broker because we signed up for the Weed Profit System trading app.
Day traders will not find neither a mobile app on Google Play / iTunes, nor will they see the popular trading platform MT5. The minimum deposit for a new trading account is $250, when dealing with a funnel broker like this one.
Offshore brokers tend to offer higher margin rates than the licensed brokers. At Libertmark, the leverage offers on Forex is as high as 300:1, and commissions are up to 3.5 per lot. You can find popular Crypto and Forex trading apps, listed here.
Warning! Fake Trading Apps
The way you encountered this broker, was by registering for a crypto trading app like Weed Profit System. Before investing money in a trading algorithm app, you should know that 99% of people lose their money that way!
Automated trading apps are promoted online via spam emails and fake news websites. You should take a few minutes, and learn how the Crypto Investment Scams operate, see the article.
Is Libertmark a Legit Broker?
No, Libertmark does not have a license, which means they are not a regulated broker. They make claims of having more that 1 million clients, with average profits over 14.2%, but that is not likely if they just opened last month.
Scam Broker Investigator has already reviewed hundreds of CFD brokers, to analyze if they are scams or a legitimate broker. The proper way to research your broker, is by checking to see if they are licensed by the FCA in the United Kingdom or by the FSCA in South Africa. No matter where you live, you should be using a local licensed broker.
Go read reviews of the most popular licensed Crypto and Forex brokers listed here.
Compare Brokers
There are hundreds of CFD brokers to choose from online, therefore, you should try out the established licensed brokers first.
If you are already currently investing with Libertmark, share your experience in the comments section below.