Warning: Is LibertyTradePIPS a Scam?
LibertyTradePIPS (libertytradepips.com) has been flagged as a potential scam broker. Users have reported withdrawal issues.
Warning: LibertyTradePIPS (libertytradepips.com) Analysis
Be wary of LibertyTradePIPS (libertytradepips.com); it shows multiple indicators of a fraudulent scheme.
LibertyTradePIPS claims to be a investment platform, but it is currently unregulated by any major commission, like the ASIC or CySEC.
Victim of LibertyTradePIPS?
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Is LibertyTradePIPS Safe?
Our check shows that LibertyTradePIPS does not hold a valid license.
Trading with unlicensed firms is highly unsafe. Trusted firms are always authorized with bodies like the FCA, CySEC, or CFTC to ensure consumer safety.
LibertyTradePIPS operates without this protection. As a result, there is no legal recourse if they steal your funds. Most investment fraud involve unlicensed entities, and recovering funds from them is hard without expert help.
For example, in Europe, unlicensed firms are outside the jurisdiction of the compensation schemes. In the US, they are not part of regulatory bodies, meaning your capital is at risk.
How They Steal Money
Online trading fraud is evolving. Scammers use social engineering to steal your savings. Here are typical methods seen in sites similar to LibertyTradePIPS (libertytradepips.com).
Dating App Scams
"Pig Butchering" is a brutal tactic where scammers groom victims over weeks. They fake a romance online. Once trust is built, they mention a secret investment. It is a lie to get you onto a scam site like LibertyTradePIPS.
The "Bonus" Trap
Scammers create websites that mimic legit trading apps. They have charts and profits that increase. But it is a fake. The broker manipulates the numbers to convince you so you invest more. If you ask for a payout, the "profits" are gone.
Other Warning Signs
- Cold Calling: They call you from "brokers" out of the blue.
- Unregulated: The company has no legal registration.
- Guaranteed Profits: They promise 1% daily returns with no risk.
- Cannot Withdraw: You cannot get your money out. They demand "tax fees" before releasing funds.
- Pressure Tactics: "Account managers" pressure you to invest bigger amounts.
Do not trust positive ratings. Fraudulent brokers often post their own 5-star reviews to look legitimate.
Conclusion
Our verdict is to block LibertyTradePIPS. It appears to be a scam. Save your funds and use a licensed broker. Avoid libertytradepips.com at all costs.
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