Note: Crypto Libertys official site - https://cryptoliberty.biz/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
General Information
What is Crypto Liberty？
Crypto Liberty is a global brokerage firm based in Lithuania. It offers Forex and Crypto as market instruments to traders. However, it is important to note Crypto Liberty is currently not regulated by any recognized financial authorities which raises concerns when trading.
In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.
Pros & Cons
Crypto Liberty Alternative Brokers
There are many alternative brokers to Crypto Liberty depending on the specific needs and preferences of the trader. Some popular options include:
FBS - FBS is a reputable broker with a wide range of trading instruments and account options, suitable for both beginners and experienced traders.
IronFX - IronFX offers a diverse selection of financial instruments and is known for its reliable trading platforms, making it a good choice for traders seeking a comprehensive trading experience.
City Index- City Index is a well-established broker with a user-friendly platform and a wide range of trading instruments, making it a solid choice for traders of all levels.
Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.
Is Crypto Liberty Safe or Scam？
When considering the safety of a brokerage like Crypto Liberty or any other platform, it's important to conduct thorough research and consider various factors. Here are some steps you can take to assess the credibility and safety of a brokerage:
Regulatory sight: It is not regulated by any major financial authorities,which means that there is no guarantee that it is a safe platform to trade with.
User feedback: Read reviews and feedback from other clients to get an understanding of their experiences with the brokerage. Look for reviews on reputable websites and forums.
Security measures: So far we cannot find any security measures info on Internet for this broker.
Ultimately, the decision of whether or not to trade with Crypto Liberty is a personal one. You should weigh the risks and benefits carefully before making a decision.
Market Instruments
Crypto provides a range of trading options, including forex and cryptocurrencies. As a trader, you can access various currency pairs and digital assets on their platform. This combination of traditional forex and the rapidly growing cryptocurrency market allows traders to diversify their investments and take advantage of different market opportunities. However, for more detailed information about their trading conditions and services, it is recommended to consult directly with Crypto Liberty to ensure you have the most up-to-date and accurate information before making any investment decisions.
Accounts
Crypto Liberty has a minimum deposit requirement of $500, which may be considered relatively high when compared to other brokers in the industry. Unfortunately, specific information about their account types is not readily available on the internet. To gain a comprehensive understanding of the different account options they offer, traders are advised to directly contact Crypto Liberty. This way, potential clients can obtain precise and up-to-date details regarding account types, features, and benefits, ensuring they make an informed decision that best suits their trading needs and preferences.
Trading Platforms
Crypto Liberty appears to provide traders with a web-based trading platform, with which traders can trade from any device with an internet connection, making it flexible and suitable for those who are constantly on the move. However, it's worth noting that the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, which are widely used and well-regarded in the industry, are not available with this broker. This may be a drawback for some experienced traders who are accustomed to using the advanced features and tools offered by MT4 and MT5. Additionally, web-based platforms may have certain limitations in terms of functionality and customization compared to downloadable platforms like MT4 and MT5. Traders should carefully consider their trading preferences and needs before choosing Crypto Liberty's web-based platform as their primary trading tool.
See the trading platform comparison table below:
Deposits & Withdrawals
The fact that Crypto Liberty only accepts deposit and withdrawal transactions exclusively through crypto assets, specifically Bitcoin (BTC) and Ethereum (ETH), may be perceived as a limitation and potentially unsettling for some traders. This approach could create inconvenience for those who are not familiar with cryptocurrencies or do not have existing crypto holdings. It might also raise concerns about the lack of traditional payment methods, which are commonly offered by other brokers, making it difficult for traders who prefer to use fiat currencies for their transactions. Additionally, relying solely on crypto assets for financial operations may expose traders to the inherent volatility and fluctuations of the crypto market, adding an extra layer of risk to their trading experience. As such, traders interested in using Crypto Liberty's services should carefully assess their comfort level with cryptocurrencies, consider the potential risks involved, and ensure they have a secure crypto wallet to manage their funds effectively. Before proceeding with any financial activities, it is essential for traders to conduct thorough research, seek clarity from the broker about their crypto-exclusive policy, and carefully evaluate whether this arrangement aligns with their trading preferences and risk tolerance.
Fees
According to available information, Crypto Liberty is believed to charge brokerage fees to investors who wish to withdraw their funds and profits. However, specific details about these fees are not readily available on the broker's website or public sources. The lack of transparency regarding the exact amount or percentage of the withdrawal fees may raise concerns among traders, as it makes it difficult for them to accurately assess the costs associated with withdrawing their earnings. Without clear information on the withdrawal fees, potential clients may find it challenging to make informed decisions about using the platform. It is essential for traders to clarify these details with the broker directly before opening an account to fully understand the potential costs involved in withdrawing their funds and profits.
Customer Service
Crypto Liberty provides customer support through email. While some traders may prefer additional options like phone or live chat support for more immediate assistance, the email channel remains a direct and formal means of communication with the support team. However, it is essential to note that the absence of other support channels might be a consideration for tcse seeking more instant solutions to urgent matters.
Email: info@cryptoliberty.biz.
Company address is also available as customer service channel for this broker:
Address: Perkūnkiemio g. 19, LT-12120 Vilnius, Lithuania.
Conclusion
According to available information, Crypto Liberty is a non-regulated Lithuania -based brokerage firm. While the firm offers Forex and cryptos as market instruments to its clients, it is important to consider certain factors such as lack of regulations and transparency that raise concerns. It is critical that potential clients exercise caution, conduct thorough research and seek up-to-date information directly from Crypto Liberty before making any investment decisions.
Frequently Asked Questions (FAQs)
2023-03-28 13:57
2023-02-24 15:53
