Liberty Commercial Finance Limited Review: A Modern SCAM Project?

Liberty Commercial Finance Limited is a typical example of modern scam projects posing as CFD brokers. To attract traders, it claims to provide access to over 50 financial markets and the ability to trade 600,000 instruments. However, clients of this company should not expect quick and substantial profits or fair business practices. To verify this, we only need to check the information on the broker’s official website and the reviews about it online.

Liberty Commercial Finance Limited General Information

Registration and Client Portal Review

The official website of Liberty Commercial Finance Limited claims to be original, but in reality, it is no better than hundreds of poor-quality websites from similar scammers. Sure, some might be impressed by the dynamic backgrounds of information blocks or the video presentation on the homepage. However, what interests us more is the informational content of the pages, and in this regard, the company, traditionally for scam brokers, falls short.

Take a look. The company has decided not to provide any information about itself, arguing that they are allegedly sparing traders from excessive marketing materials. Meanwhile, self-promotion is rampant here at every turn. We wonder if there could have been even more of it?

We find it quite intriguing that the company’s website offers information in just three languages – English, Spanish, and Russian. This raises questions about their commitment to catering to global clients.

Now, let’s delve into the registration process. Typically, during registration on many trading platforms, clients are asked to enter a verification code sent to their provided email or phone number. This code serves as an additional security measure to confirm the authenticity of the registration details. However, it’s notable that Liberty Commercial Finance Limited seems to have omitted this standard verification step, making the registration process seemingly less secure in comparison to industry standards.

Immediately after submitting the completed registration form, a new client of Liberty Commercial Finance Limited will be directed to their personal account. Here, you’ll find a standard set of account management features, including:

• Profile data input and editing.
• Submission of document copies for verification.
• Changing the account password.
• Depositing funds and submitting withdrawal requests.
• View trade history and non-trading operations.
• Create support tickets.

Additionally, you can launch the web trader or download the desktop version of the platform here. Well, you could download it if the link to it were functional.

Liberty Commercial Finance Limited Trading Conditions

Unfortunately, the broker does not offer anything particularly valuable. Trading on its platform is limited to contracts for difference (CFDs). Therefore, you will still have a conflict of interest with this broker. It operates on a Dealing Desk (DD) model, much to our disappointment.

Account Types Review

Liberty Commercial Finance Limited offers the opportunity to start real trading with 5 types of accounts. There is no provision for a demo account. These account types include:

• Test. This account type requires a minimum deposit of only 100 euros. Traders will have a limited leverage of up to 1:20 and access to currency pairs only.
• Beginner. In addition to currency pairs, this account type introduces indices as available instruments. The leverage is increased to 1:30, and spreads are slightly lower, starting at 0.6 pips. The required deposit is 2,000 euros.
• Standard. The minimum deposit for this account is 50,000 euros. It includes commodities among the available instruments, and the leverage is increased to 1:40.
• VIP. To open a VIP account, a deposit of 150,000 euros is required. This account type offers additional services such as a personal manager, analyst, and signals. The leverage goes up to 1:50, and spreads start at 0.4 pips.
• Corporate. Liberty Commercial Finance Limited offers this account type on individual terms. The minimum deposit amount can be obtained from managers, and it comes with a leverage of up to 1:100, access to all available trading instruments, and no commissions.

Trading Platform

Liberty Commercial Finance Limited provides traders with the option to use WebTrader or its mobile counterpart for conducting their trading activities. The trading terminal, however, doesn’t stand out for its sophistication. It boasts a simplistic interface and offers a rather rudimentary set of analytical tools. Notably, user feedback regarding this platform isn’t particularly laudatory. In fact, it has garnered somewhat mediocre ratings in online application stores, indicating that it may not meet the high standards and expectations of many traders

Liberty Commercial Finance Limited — Deposit and Withdrawal of Funds

Liberty Commercial Finance Limited offers to top up your account in several ways. These include bank transfers, credit cards, cryptocurrency, and some mysterious P2P. Open it, customers will be taken to a page with a wire transfer form. However, there is no place for props there. After you specify your full name and the amount you want to deposit, you will have to wait humbly until the broker contacts you.

Verification

The verification process at Liberty Commercial Finance Limited does not bring any surprises. To get access to all the broker’s services, you will have to confirm your identity, as well as your residential address. You can download copies of the necessary documents directly from your personal account. You will need an identity card, passport, or driver’s license and something to verify the address. Payment bills and a bank statement will be useful here.

Additional Options

Liberty Commercial Finance Limited offers some additional services. For example, you can get the help of a personal manager, analytics, and even trading signals. Only for this, you will have to top up your account for 150 thousand euros.

Liberty Commercial Finance Limited has also developed an affiliate program. Participants will be able to earn commissions from trading invited referrals. Unfortunately, the broker does not fully disclose the detailed conditions and does not say what amount of reward can be expected. You can ask any additional questions to the project managers.

Is Liberty Commercial Finance Limited a Scam?

In general, Liberty Commercial Finance Limited has not demonstrated anything outstanding on the website and in the Client Portal. Even nothing ordinary that would demonstrate the solid reputation of the company, its plans to work in the market for a long time, the broker never presented. For now, there are a few facts showing that we are facing a scam project.

Legal Information and License

We conducted a search in the UK company registry. Liberty Commercial Finance Limited is listed there. It was incorporated in 2016, and is engaged in financial intermediation, not included in other categories (SIC 64999). However, we also looked in detail at the financial statements of the company.

So, the declared $1.6 billion of assets under management gives, even with a minimum commission of 0.5%, 800 thousand dollars of income annually (or even quarterly). Over the 7 years of its existence, it was supposed to bring Liberty Commercial Finance Limited a little more than the 176 thousand pounds recorded, of which 65 thousand were liabilities. In addition, the status of a micro-company with fewer than 10 employees does not agree in any way with the data on 600 professionals working for the broker.

Another argument is the FCA license. Yes, Liberty Commercial Finance Limited does have it. However, it has nothing to do with the broker’s activities in the financial markets. The company does not have the right to accept and store clients’ money. It can only operate in relation to consumer loans.

Moreover, this activity is limited to functions of:

• Credit broker
• Debt counseling
• Settlement of debt issues.

And finally, the FCA reports the website address of the real company – libertycommercialfinance.com. As you can see, the false broker Liberty Commercial Finance Limited copied it almost completely, adding only 3 characters. Thus, the scammers made an almost successful attempt to impersonate a real British company with a license from a local regulator FCA.

Libertycommercialfinanceltd.com Domain Info

For the review, we are interested in just one quote: “In 2011, our founders were disappointed by the fragmentary nature of investment products and worried about the limitations of the financial sphere…” Remind that the original company used in the legend was founded in 2016. It turns out that disappointment and worries haunted the founders for 5 years, until they decided to create a real firm. Indeed. Well, lightning-fast decision-making.

If we are serious, the Whois service suggests that the domain libertycommercialfinanceltd.com was registered on September 1, 2023. In fact, this means that the “broker” was several days old at the time of writing the review.

Contacts Review

On the main page, the company from the UK provides the phone number of a Cypriot operator, while on the contacts page, there is some gibberish consisting of nine digits. A similar situation exists with email addresses. Liberty Commercial Finance Limited has not yet clearly defined where to contact support – at support@libertycommercialfinanceltd.com (on the main page) or .net (on the contacts page).

Overall, this masterpiece of web design is rich in such absurdities. And it perfectly illustrates both the company’s level and Liberty Commercial Finance Limited’s attitude towards potential clients.

More Details

Liberty Commercial Finance Limited also suggests installing AnyDesk and TeamViewer. However, here’s the dial.

AnyDesk and TeamViewer are remote desktop access tools. While they have legitimate uses for remote technical support, they can pose significant security risks if misused. If a client installs these tools without fully understanding their functionality or purpose, they may inadvertently grant unauthorized access to their computer and sensitive information.

Scammers often use remote access tools like AnyDesk and TeamViewer to gain control of victims’ computers, steal personal information, or perform fraudulent activities.

Pros and Cons

3.1 TOTAL SCORE

Liberty Commercial Finance Limited Summary

We hope that there will be few who dispute the claim of the fraudulent nature of Liberty Commercial Finance Limited. Inaccurate project history data, the use of an existing company's name for operations without registration and a license, substantiate our viewpoint. Authors of reviews appearing online also seem to agree with us. We recommend refraining from risking your own funds and not sending them to this highly questionable broker.

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Website information content 4

Client Portal 3

Trading conditions 4

Trading platform 4

Deposit and withdrawal 4

Verification 5

Extra options 3

Licenses and guarantees 1

Work duration 1

Feedback 2

Frequently Asked Questions (FAQ)