Looking for a broker that promises to meet all your trading needs? Look no further than LibreHoldings. However, in this review, we’ll be checking if this platform lives up to its promises, or if it’s just another scam. Read on to find out the truth about it.
- LibreHoldings General Information
- Registration and Client Portal Review
- LibreHoldings Trading Conditions
- Account Types Review
- Trading Platform
- LibreHoldings — Deposit and Withdrawal of Funds
- Additional Options
- Is LibreHoldings a Scam?
- Legal Information and License
- Libreholdings.com Domain Info
- Contacts Review
- More Details
- Pros and Cons
- Frequently Asked Questions (FAQ)
LibreHoldings General Information
|Address||5 Canada Square, London E14 5AQ, United Kingdom|
|Leverage||Up to 1:400|
Registration and Client Portal Review
It’s hard to remember a broker with such a stunning official website like LibreHoldings. However, don’t be mistaken. Stunning in a good way is not what we mean here. There’s literally nothing there! You have to dig through every page to find any scraps of information about the broker. And the design? We bet they spent only a couple of hours on it. Nowadays, it’s enough to stick a couple of stock logos on the homepage to make everyone believe that the broker is trustworthy (spoiler: it’s not).
As if that wasn’t enough, LibreHoldings went even further. You can’t even register on this platform without a referral code. Maybe the company has a referral program, but closing registration for those who aren’t invited and just want to register on the platform is not the way to go. Moreover, reliable licensed brokers who have nothing to hide don’t do that. It’s just not done. It seems like LibreHoldings simply doesn’t need any clients.
LibreHoldings Trading Conditions
What could a broker offer if it didn’t even bother with its official website? We don’t have any high hopes that traders will actually get the best service here.
Account Types Review
So, on the main page, LibreHoldings tells us that in order to open an account, you first need to choose an account type. The broker offers a total of seven account types. Each differs in the number of additional services offered and the minimum deposit required. Can you believe that you need to deposit a minimum of 10,000 euros just to get the Bronze status? It’s quite a high bar, isn’t it? However, don’t worry, maybe it’s not all that bad. LibreHoldings loves to contradict itself. In the “Why Us” section, they tell us that you can start working with the broker with as little as $1,000. By the way, do you know what you’ll get if you deposit a million euros, as required by the VIP account? Market reviews, access to webinars and trading rooms, and one risk-free trade.
Clients are also informed that the leverage varies depending on the selected account and can reach up to 1:400. Here we immediately conclude that LibreHoldings hasn’t heard of a decent license. There is also information about the minimum deposit. It is $1,000. That’s where useful information ends.
LibreHoldings certainly boasts about its platform in every way possible. However, it does not provide any demo access to it. It doesn’t even offer a real promo code. Meanwhile, the broker does not specify whose development it is, whether there is a mobile and desktop application, or whether the platform has won any awards. In general, the terminal is unlikely to be anything worthwhile.
LibreHoldings — Deposit and Withdrawal of Funds
Do you wonder how you can deposit or withdraw your funds with LibreHoldings? The broker offers a wide range of deposit methods, including popular options like credit cards and wire transfers, as well as electronic payment systems. Moreover, you can contact their managers to find the most convenient payment option for you. It’s quite a service, isn’t it?
By the way, there’s the catch. After completing the quest to find the promo code, you will have to go through another quest: the verification process. Although LibreHoldings contradicts itself again here. For example, in the same Why Us section, it is stated that once you fund your account, you can start trading. However, the KYC policy requires you to verify your identity first. You’ll need to provide copies of documents proving your identity, address, and the legality of your funds.
Let’s not forget that LibreHoldings may offer a partnership program, but they don’t disclose the conditions of it. Oh, and they also casually mention that they can provide “appropriate levels of education” for beginners. However, have you even looked at this section on the website? We don’t even know who it could be useful for. As for other services such as market analysis, access to webinars, etc., come on, trading gurus who can teach you better charge less than a million euros for their services. It’s completely unnecessary to make such a huge minimum deposit just to be pushed into the markets by an anonymous group of pseudo-analysts.
Is LibreHoldings a Scam?
If you haven’t figured it out yet, let’s be clear. We believe that LibreHoldings is a pure scam. If the previous arguments seemed too vague to you, we will check if this company even has the right to operate and hold your money.
Legal Information and License
So, either LibreHoldings is completely violating the disclosure law. There is not a single mention of the broker’s management company in the documents. In the contact details provided to us, we are given a British address. This leads us to believe that LibreHoldings is registered in the UK. It is relatively easy to check the registry of this country, and we found only one company matching the name. However, here’s the problem: Libre Holdings Limited was dissolved back in 2018. We hope we don’t have to explain that this broker is not licensed.
Libreholdings.com Domain Info
Domain information shows us that the broker is also a newcomer to the market. Really, we noticed that the first LibreHoldings reviews appeared only a few months ago. Checking the domain showed us why. The official website was only created in the summer of 2022.
The broker has provided phone numbers, email, and, as we’ve already mentioned, an address, which is obviously fake. As for other ways of communication, we have read in reviews that traders find it extremely difficult to get in touch with support, especially when it comes to money-related issues.
By the way, LibreHoldings is not the only website owned by these scammers. You can also check out Polarbtc and TrezoCapital and as always, you won’t find any differences. We guess these fraudsters have a whole product line going on. Maybe they should call it “The Scammer Collection” and have a catchy slogan like “Defrauding people!” Okay, maybe not so catchy, but you get the idea.
Pros and Cons
- None that we could identify.
- Lack of transparency
- High minimum deposit
- No official registration
- Negative reviews
- No license.
Frequently Asked Questions (FAQ)
LibreHoldings offers CFD trading and some additional options.
The minimum deposit amount required to start trading with LibreHoldings varies according to the trading conditions and starts from $1,000.
No, LibreHoldings is a fake broker without any licenses and rights to hold clients’ money.