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Rating Index
Pros
A plethora of tradeable assets, including over 250 financial instruments for diversification.
High leverage options available, reaching up to 1:500, suitable for aggressive trading strategies.
Offers specialized account types for various trading styles, such as robo-trading and social trading.
Cons
No regulatory license, raising concerns about the safety of client funds.
High fixed spreads, with a benchmark EUR/USD spread of 3 pips, which is uncompetitive compared to other brokers.
Limited trading platform options, lacking popular platforms like MetaTrader 4 or 5, and using a simplistic web-based platform instead.
Libra Markets broker Accounts
Libra Markets Account Type
Libra Markets offers three distinct account types designed to cater to different trading needs:
- Standard Account:
- Minimum Deposit: $250
- Minimum Trade Size: 0.01 lots
- Leverage: Up to 1:500
- Access to all trading tools and features provided by the broker.
- Robo-Trading Account:
- Minimum Deposit: $250
- Minimum Trade Size: 0.01 lots
- Leverage: Up to 1:500
- Allows for automated trading using AI technology.
- Social Trading Account:
- Minimum Deposit: $250
- Minimum Trade Size: 0.01 lots
- Leverage: Up to 1:500
- Enables traders to mimic the trades of successful investors.
- Registration:
- Visit the official website of Libra Markets and complete the registration form with all required information.
- Ensure that you provide a valid email address and phone number for verification.
- Make a Deposit:
- Fund your trading account with a minimum deposit of $250. Accepted payment methods include credit/debit cards, bank transfers, and e-wallets like Neteller and Skrill.
- Demo Account (Optional):
- Although optional, it is recommended to try the demo account to familiarize yourself with the trading platform and strategies using virtual funds.
- Start Live Trading:
- Once your account is funded, you can begin live trading. Set your trading parameters and let the platform execute trades automatically if using the Robo-Trading Account.
All accounts support various financial instruments including forex, shares, indices, and commodities.
Libra Markets Broker Account Opening Process
To open an account with Libra Markets, follow these steps:
By following these steps, you can successfully open and start trading with Libra Markets.
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Libra Markets accounts can be viewed for products that can be traded accounts with a minimum deposit of by (2+) .