LibertMark review – 5 things you should know about

LibertMark review – 5 things you should know about

Beware! LibertMark  is an offshore broker! Your investment may be at risk.



Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.


We admit that LibertMark presents one impressive website, that was able to even fool us. For some time we were convinced that LibertMark was the next 5-star broker on our list, yet we reminded ourselves of the delicate nature of our job, and how common is for shady brokers to reveal their nature by accident or sheer negligence. In the case of LibertMark the tell was, again, the charts proved by TradingView. LibertMark applies them as a nav-bar in the home page, constantly moving to the left, indicating some irrelevant trading assets and their values. Rest assured that these numbers have nothing to do with what LibertMark stands for. And what does LibertMark stand for, is the question that the following review will answer.

To register an account, users have to complete a long and familiar form, that, through our long-term job doing what we do, reminded us of a certain form used by numerous illegally operating brokers. After completing the form, we were genuinely surprised by the following error page. The sign-up process simply gave up on us, and we were unable to create an account.

This puts us in an uncomfortable situation in which we have to take all of the trading details from a website that we are less and less prone to trust. As it turned out, LibertMark has very little in terms of trading conditions. In fact, we were only able to find the available tradeable assets: forex currency pairs, commodities, stocks, indices, and crypto. The spread is said to be as low as 0.1 pip for the Beginner account type, but there is no indication as to the applicable assets. The leverage is capped at 1:300 for the highest account type.

The website is available in English, German, and Spanish.


LibertMark is oddly proud that its main base of operation is located in Saint Vincent and the Grenadines, a nation notorious for housing thousands of unregulated brokerages. The notoriety of the country, when the FX market is concerned, is caused mainly by the lack of an FX regulator. LibertMark might be registered in the island nation, but it most certainly is not regulated there!

We were unhappy with the SVG registration and started to dig for more details. At some point, we encountered a paragraph ending on the note that the users ” are required to inform themselves about the jurisdiction restrictions of Estonian Governing laws“, meaning that the broker is functioning in accordance with these laws. Whatever the case might be- Estonian registration tr not- we can say for a fact that LibertMark is not regulated in Estonia by the local FX regulator, the Estonian Financial Supervision Authority (EFSA), otherwise known as Finantsinspektsioon.

We exhausted ourselves, and in the end reached the logical conclusion that LibertMark is UNLICENSED, making it a risk to all investments.

Investing in unregulated brokers is synonymous with losing money. Never be too quick to deposit! Always check for a regulation prior to depositing. This should always be any trader’s priority! If the broker at hand has a regulation, preferably FCA or CySEC., then you are good to go. From there on it’s all a matter of taste and the offered trading grounds. These two agencies are in the top 5 list of the best regulators in the world. All brokers under their gaze abide by the strictest of rules and guidelines. Furthermore, both the FCA and CySEC have a compensation scheme covering all users of brokers that cannot pay their dues, due to insolvency or other similar reasons. CySEC guarantees up to €20 000 per person, while the FCA guarantees up to £85 000.


Since there was no way to create an account, we cannot be entirely sure that the advertised LibertMark Webtrader is available. It seems like a decent enough software, but we are sure that it also falls short.

Readers should not be too concerned with the alleged trading software, because they should not even bother with the broker, to begin with.


To get the following payment details, we had no choice but to rely on the website, mainly on the Deposit & Withdrawal Policy.

The minimum deposit is supposed to be €250, and made through either a bank transfer, credit card, debit card, or some undisclosed e-payment methods.

Withdrawal fees are as follows: $50 for Bank Transfers, $35 for Credit Cards, $25 for e-payments. Moreover, there is a 20% commission on accounts that have not traded a total of 200 in turnover or more. The minimum withdrawal through wire is $250, and $100 for all other methods. There is also a clause that PROHIBITS USERS FROM WITHDRAWING PROFIT! This is an absolutely scammer clause and is the last point we want to make before closing the review.

LibertMark is absolutely not worth your time and money! Do not invest in it!

How does the scam work?

The scam tactics that brokers use come under a common denominator. Most of them have a similar structure, with small touches that some brokerages choose to include. When users fall for these they will sooner or later realize it!

The very first step resolves around the fake internet ad, found mainly in social media websites. These high-promising advertisements promote a care-free lifestyle where money is made with easy trading on assets like forex or/and cryptocurrencies. Clicking on one of these will redirect users to a website (usually the broker’s website, but sometimes an intermediary site) where they will be asked to provide contact details. Sooner or later, traders will start receiving calls or emails with alleged opportunities on huge profits in exchange for a minimum deposit, an amount that depends on the broker, but also on the user herself (high income vs low income).

If the user deposits her first deposit, then she has fallen into the scam, and the broker is ready to initiate the second stage of the scam. Enter the account managers (sometimes called senior managers). These will push for more deposits, while slowly taking over your account. They will be very aggressive with their solicitations, trying anything and everything within their ability.

At this point, the user has not yet withdrawn! When she attempts to do so, she will be greeted by a very unpleasant reality: her deposit(s) and profits can never be returned. The broker usually enforces one of the following: either it will block the account, it will close down the website, it will stall withdrawal requests, or delete the account!

What to do if scammed?

The first thing you can do, and the most crucial, is to file for a chargeback with your credit or debit card company ASAP! MasterCard and VISA have extended their chargeback period to 540 day.

Deposits that were initially invested through a bank, and were lost as a result of the scammer brokers, should stimulate users to CHANGE their bank account details- both username and password! Furthermore, it wouldn’t hurt them to contact the bank and check with them.

It is crucial to know to never invest in suspicious brokers through a crypto wallet. A majority of these payments are untraceable, and you are risking to lose all your money with no hope of ever seeing it!

The scammer, or other related parties, have a last card to play. Deposit/Investment recovery agents are notorious fraudsters that promise to recover all your lost capital in exchange for a fee. Once the commission is paid, these will disappear with the money, which leaves you at an even bigger loss!

Rich Snippet Data
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Reviewed Broker
Broker Rating

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