LibraPros Review : Fees, Pros and Cons, Reviews by Real Traders

LibraPros

Operating status: SCAM

Website: https://www.librapros.com/

Broker violations and abnormal records

Nov 20, 2022 The Ontario OSC Added LibraPros into Its Warnings
On 21 Nov 2022, the Ontario Securities Commission (OSC) issued a warning that LibraPros was not registered in Ontario to engage in the business of trading in securities. You may visit: https://www.osc.ca/en/investors/warnings/librapros

On 21 Nov 2022, the Ontario Securities Commission (OSC) issued a warning that LibraPros was not registered in Ontario to engage in the business of trading in securities. You may visit: https://www.osc.ca/en/investors/warnings/librapros
Nov 21, 2022 BroekersView has Reviewed that LibraPros is an Unregulated Forex Broker
LibraPros claims to be a reliable broker without presenting any information about its regulation. The lack of such important information may be a distinct signal of an unlicensed broker, as regulated brokers always present their accreditations and licenses in a prominent position. It is a red flag.
In addition, the broker presents a UK phone number on its website. As per United Kingdom law, almost all firms and individuals offering, promoting, or selling financial services or products in the UK shall be authorized by the United Kingdom Financial Conduct Authority (UK FCA). However, we only found a warning against this scam in UK FCA.
FCA warned that LibraPros was providing financial services or products in the UK without authorisation.
The truth is that LibraPros is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.

LibraPros claims to be a reliable broker without presenting any information about its regulation. The lack of such important information may be a distinct signal of an unlicensed broker, as regulated brokers always present their accreditations and licenses in a prominent position. It is a red flag. In addition, the broker presents a UK phone number on its website. As per United Kingdom law, almost all firms and individuals offering, promoting, or selling financial services or products in the UK shall be authorized by the United Kingdom Financial Conduct Authority (UK FCA). However, we only found a warning against this scam in UK FCA.FCA warned that LibraPros was providing financial services or products in the UK without authorisation.The truth is that LibraPros is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.
Dec 07, 2022 BrokersView has found that LibraPros's domain is not working
On 8 Dec 2022, BrokersView found that the domain of LibraPros (https://www.librapros.com/) was invalid.
The domain may just be suspended, but the invalidation of a broker's domain is often a bad sign.

On 8 Dec 2022, BrokersView found that the domain of LibraPros (https://www.librapros.com/) was invalid. The domain may just be suspended, but the invalidation of a broker's domain is often a bad sign.

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