Warning: Is LibertyTradingPIPs a Scam?

Is LibertyTradingPIPs (libertytradepips.com) a Scam?

We investigated LibertyTradingPIPs (libertytradepips.com) and uncovered concerning facts.

LibertyTradingPIPs appears to be a trading firm, but it is not authorized by any top-tier authority, like the ASIC or CySEC.

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Is LibertyTradingPIPs Legit?

LibertyTradingPIPs operates without supervision.

Trading with unregulated entities is highly dangerous. Legitimate firms are must be authorized with agencies like the FCA, CySEC, or CFTC to ensure consumer safety.

LibertyTradingPIPs lacks this supervision. This means there is no safety net if they keep your funds. Most online scams use unlicensed actors, and getting back funds from them is challenging without expert help.

For instance, in Europe, unauthorized firms are outside the jurisdiction of the compensation schemes. In the US, they are not members of SIPC, meaning your money is completely exposed.

Common Scam Tactics

Online trading fraud is evolving. Criminals use psychological tricks to steal wealth. Here are common methods used by sites similar to LibertyTradingPIPs (libertytradepips.com).

Dating App Scams

"Pig Butchering" is a common method where scammers build trust over months. They build a friendship online. Eventually, they introduce a special investment. It is a lie to get you onto a fake platform like LibertyTradingPIPs.

Fake Trading Dashboards

Fraudsters create websites that mimic legit trading apps. You see graphs and balances that go up. But it is a simulation. The broker controls the prices to make you feel rich to deposit more. If you ask for a payout, the "profits" disappear.

Other Warning Signs

• Unsolicited Contact: You get calls from "brokers" out of the blue.
• Unregulated: The firm lacks authorization.
• Guaranteed Profits: They guarantee huge profits or risk-free trades.
• Cannot Withdraw: They refuse withdrawals. They ask for "tax fees" first.
• Pressure Tactics: "Account managers" push you to deposit more.

Ignore fake reviews. Scammers often write their own 5-star reviews to appear real.

Verdict

Our verdict is to avoid LibertyTradingPIPs. It appears to be a fraud. Protect your money and use a licensed broker. Avoid libertytradepips.com at all costs.