Liberty FX Review: Is Liberty FX Legit?

It’s understandable that unregulated brokers would be an even bigger fraud since even regulated brokers can be one. Determining this broker’s regulation, openness, and general dependability will be made easier thanks to the information provided in our Liberty FX review. How reliable is LibertyFX? To find out, keep reading. 

You may find out more about other brokers by reading our assessments of Rockfort Markets and Flatex. 

Who Is Liberty FX? Important Info About the Broker

A brokerage firm called LibertyFX or Liberty LTD is registered in the iCOUNT Building on Kumul Highway in Port Vila, Vanuatu. Since they were established in 2022, it is safe to state that they are relatively new to the market and lack experience. When we first visited their website, it was clear how quickly the information was buried and traders were left in the dark. 

Is Liberty FX Regulated?

There are no regulatory agencies that oversee Liberty FX. To safeguard yourself and your investments when trading, it’s critical to select regulated brokers. You never know who or what is going on on the other side of the screen. You should choose licensed brokers to be protected by a compensation fund if the broker goes out of business, which is a possibility. 

It is important to remember that Liberty FX is based in the US, Japan, Canada, and the UK but does not have legal authorization to do business there. Brokers operating from here should be subject to regulation by: 

1. Japan: Financial Services Agency (FSA)
2. United States: Securities and Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA)
3. Canada: Investment Industry Regulatory Organization of Canada (IIROC)
4. United Kingdom: Financial Conduct Authority (FCA)

Liberty FX Broker Profile

Liberty FX is an unregulated brokerage firm that trades in currencies, indices, commodities, cryptocurrencies, stocks, and shares. Their preferred trading platform is MetaTrader 4 (MT4), which is popular and well-liked among traders. To guarantee the security of their money, potential clients should exercise caution and perform exhaustive due diligence before considering any interactions with Liberty FX, as the company is an unlicensed broker.

Liberty FX Account Types

Account types and their benefits are: 

1. STANDARD: Spreads start at 1 pip, the available leverage is 1:400, and the minimum deposit is 10,000 yen. 
2. MAM: Spreads start with 1 pip, leverage is 1:200, and a minimum deposit is required for each MAM offered. 
3. ECN: Leverage is set at 1:200, spreads start at 0 pips, and a minimum deposit is 10,000 JPY. 

The hidden fees connected with each account type are what cause us the most concern. Trades are advised to proceed cautiously or, even better, steer clear of this bogus broker because the amount is not provided. 

Is Liberty FX Safe To Trade With?

Due to a number of unsettling facts, it seems risky to trade with Liberty FX. First off, the fact that they are unregulated raises serious concerns because it indicates that no outside agency is in charge of monitoring their activities. This could expose traders to an increased risk of fraud and financial misconduct.

A lack of transparency is shown by the existence of hidden costs and fees, which makes it difficult for traders to determine the actual cost of trading with Liberty FX. This haziness can result in unforeseen costs, which can erode prospective revenues.

Furthermore, the caliber of their website may be a sign of their professionalism and dedication to customers. A website with low usability may indicate that the company is not investing in improving its entire business processes.

In addition, the lack of sufficient contact information—aside from a broken email address—raises questions about their customer service and their capacity to promptly address possible problems. To properly serve their clients, a credible broker should offer a variety of channels of communication and quick customer service.

Given these elements, traders should proceed with the utmost caution when thinking about Liberty FX as their brokerage alternative. There are many other brokers who adhere to certain rules to maintain a positive trading environment. Reach out today and we can introduce you to some of them. 

A Look at Liberty FX’s Traders They Serve

Liberty FX provides access to financial markets for traders from the United States, Canada, the United Kingdom, and Japan. It is crucial to remember that the broker is not at all regulated, which poses serious hazards for potential clients. Trading with an unregulated broker exposes investors to possible fraud, a lack of transparency, and a limited range of dispute resolution options.

If Liberty FX doesn’t have a social media presence, it may turn to alternative techniques of client attraction. For instance, they may rely on affiliate marketing plans, forming alliances with people or websites to market their products in return for commissions or other benefits. In order to create leads and draw new customers to their platform, the broker may also offer aggressive marketing efforts through web adverts, email marketing, or targeted promotions. However, given the continued absence of regulation, prospective clients should proceed with caution and extensively investigate the broker’s past and reputation before considering any participation.

Deposits and Withdrawal Methods

A number of deposit and withdrawal options are available at Liberty FX, including bank wire transfer, VISA, MasterCard, Skrill, and Neteller. These methods often have a one-business-day processing delay for deposits, allowing money to show up in the trading account right away.

However, the broker’s failure to explain the withdrawal procedure creates potential concerns. Clients may be uncertain and may experience delays or unforeseen costs throughout the withdrawal process if there is a lack of clear information regarding the withdrawal methods, processing timeframes, and associated fees.

Liberty FX Pros and Cons

Insights from Our Trading Experts

Due to Liberty FX’s unregulated position, hidden fees, lack of transparency, lack of client ratings or experiences, and poorly designed website, which all raise serious concerns about the safety and integrity of the company, our trading specialists strongly advise against using Liberty FX as a broker.

Don’t let unlicensed brokers put your investments in danger by charging hidden fees. Have faith in our team of professionals to steer you in the right route. Contact us right away, and we’ll demonstrate what successful trading should include by supplying you with a list of the top rated and most reliable brokers in the business.

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