Is Libra Method a scam? Here’s a detailed review of the bot. We cover its legitimacy claims, special features, how to use it to make money trading bitcoin, and online reviews from other traders. Check this out to get started.
The Libra Method is an online crypto trading app claimed to be one of the world’s smartest auto trading software available around. The website offering the libra trading app asserts that the robot can make traders earn $2250 in 24 hours.
Libra Method Main Features | |
|---|---|
| Minimum Deposit | $250 |
| Offers Leverage | Yes |
| Withdrawal Period | 24 Hours |
| Customer Service | No |
| Supported Coins | BTC, ETH, XRP & more |
| Hidden Charges | Commission fees |
The official webpage of the robot also claims that the software incorporates the most advanced trading methodology and places risk-free trades. In this piece, we review the app in detail.
Like all other trading robots, the website offering the libra method also advertises some unique features of the robot to attract people to invest in it.
The primary unique feature of the robot that the website counts towards its uniqueness is its universal accessibility. The website claims that you can use the robot round the clock with no requirement of having it installed on your PC, only if you don’t want it. These days almost every auto trading robot comes with online access. Therefore, online accessibility is not sufficient for the robot to prove that it is worth investing in it.
Unlike other auto trading apps, the libra method allows you to download a copy of the software on your PC. That’s certainly a unique feature that we haven’t seen with any other robot. However, we don’t think it is true. Because every time we tried downloading it, the website gives an error. Maybe that’s because we didn’t deposit any funds in the account. However, we have strong reservations about the authenticity of the claimed feature of the robot.
The website offering the libra method trading robot claims that setting up an account with the robot is quick and easy. You only have to fill in your details on the registration form available on the website and deposit funds in your account to get started. You can have your account setup
According to the information on the website, the robot is available for a deposit of $250 only. The website claims that no other auto trading software asks for such low deposits. However, that’s not true. You can find many auto trading apps for the same amount.
The libra method claims to have a process of quick verification. The platform argues that, unlike other online crypto trading platforms, customers don’t have to wait for extended days to get their accounts verified. At the libra method platform, the process is as simple as depositing funds in your account without any restrictions and having your account verified on there and then basis. You can see that the website offering the libra method app doesn’t seem concerned about the account verification of its customers. Because they only want to make money out of your pocket and run away.
Provisioning a demo account is standard for a platform offering an auto-trading robot service. The libra method’s website claims it as one of its unique features. The website argues that with a demo account’s virtual funds, users get the required level of confidence by practising multiple trading and money management strategies. Trying different trend indicators and investment tools also helps them understand market behaviour without any loss.
That’s true to some extent, but demo accounts don’t reflect real market conditions. Other factors, including the leverage options, slippage rate, spread bargain, and market imperfections, may also not be the same in a live trading account as that of a demo account.
The website claims credit for offering multiple deposit and withdrawal methods. You can choose to pay with a debit card or credit card at the Libra Method platform. Payment through e-wallets is also accepted. In addition to all traditional methods, the Libra method also accepts wire transfers and fiat deposits. However, besides offering multiple deposit methods, there is nothing on the robot’s platform that we can appraise.
The libra method’s website claims to offer quick funds withdrawal service. As per the information available on the website, you can have your funds withdrawn within 24 hours of the withdrawal request. However, what the website doesn’t tell you are the trading volume conditions that you must satisfy before you can withdraw your money. We are sure that by the time you will complete the required trading volume, you barely would have anything left in your account to cash out.
The website also claims that the auto trading app is one of the most accessible apps available around. According to the robot’s website, the robot is as simple to use as pushing the start button. The operating manual of the robot comes with the registration. Once you have funds available in your account, you can ask the website to share the optimum trading settings of the robot with you. We believe the claim is for real. However, the robot works the same way as other scam auto trading robots do. That’s why we are reluctant to have a favorable opinion about it.
As far as customer support of the libra trade is concerned, it offers one of the worst customer services we came across ever. Although the website of the robot looks sophisticated, however, you don’t find any information about how to contact the company’s representatives. There is no telephone number or chat support window given on the website. You may not be able to find anyone of the website members helping you in your time of need.
According to the official website of the robot, the libra method trading app works in integration with multiple brokers around the world. Using the advanced API feature, it connects to the partnered brokers for information sharing and trades execution. After the robot starts scanning the market, the brokers remain on standby. As soon as an appropriate trading opportunity arises, the robot generates an order for instant trade execution. The robot ensures to attend even a minor trading opportunity to remain 100% profitable.
Getting started with the libra method app is easy. You only need to follow a few steps listed below;
Before answering the question; Is Libra Method Scam, we would like to share some facts with you. The libra method works the same way as that of other scam auto trading robots do. It works in collaboration with various brokers around the world and offers you an auto trading facility for a minimum deposit of $250.
The website doesn’t tell you anything concerning the origin of the robot or the people behind its invention. The information available on the website offering libra trade seems to have copied from some other websites because on multiple sections of the webpage, the website talk about a different auto trading software named bitcoin revolution instead of the libra method.
The auto trading app is also available on multiple domains online, which means you can sign up for the same product on several other web pages. Considering all these scenarios, we feel at heart that the robot can’t be a legit one.
First of all, let us tell you that the libra method is not the only robot making such claims. We’ve seen many other auto trading apps to claim all such nonsense. You need to understand that crypto markets have higher liquidity levels. The increasingly high volatility levels also keep the market conditions uncertain. Assuring excessive profits in such ever-changing market conditions cannot be a wise claim by any means. Secondly, the robot always places trades according to the pre-determined market conditions. Since it’s just a robot without having human intelligence, what can you expect from it when the market starts moving in an unexpected direction?
Quora is an American QAs website. The platform also serves as a place for social networking for the people. While we tried to find relevant information about the Libra Method review, we observed that no data is available on Quora about the Libra Method specifically. However, people had asked various questions concerning the legitimacy of different auto trading robots.
The response against those questions included a lot of negative reviews on the usage of all such auto trading apps. Most of the people on Quora said that these auto trading apps are good for nothing. The only aim of all such scam auto trading robots is to scam. One of the members on Quora said if robots can make people millionaires, why the people offering these robots do not use them for their good?
Reddit has no information about the Libra Method review as well. However, people were discussing several other auto trading apps that look similar to that of the Libra Method. Therefore, we read some of the user’s reviews. Mostly, traders seemed unsatisfied with the performance of auto trading apps. According to the views of some members on Reddit, people should look for other trading options such as opening an account with some regulated platform like eToro or the Capital.com Trading broker.
In short, all auto trading robots are designed on the same logic. All of them use past data for trade placement. Because they lack human intelligence, a robot can’t make a rational decision when the market starts behaving adversely. Therefore, it is better to opt for manual trading or try the best social trading platform where you can copy the trades of other professional traders to benefit from their experiences.
Well, claiming appearance on TV has now become a trend for these so-called scam auto-trading robots. Every other auto trading app claims its appearance on TV. Some of them even use the name of various famous shows, such as this morning, shark tank, dragon’s den, etc. We’ve reviewed many robots so far that are claimed to have been aired on national TV. However, none of them could prove their appearance. The libra method also tried to misguide people by advertising its self-assumed appearance on TV. Given below are some shows that have been named by the libra method and some other auto-trading robots for fake endorsement on TV. Let’s find some more details below;
This Morning: This Morning is a famous TV show in the United Kingdom. The show has been broadcasting for the last 30 years because of the overwhelming response from its viewers. It is equally popular amongst people of all age groups. The show features segments from routine life, including music and art, kitchen and cuisine, fashion and showbiz, technology, art, entertainment, and finance. The show sometimes also features interviews with famous TV celebrities. In a question asked to confirm if the Libra Method had ever appeared on this morning’s show, the program’s hosts denied the appearance of any such auto-trading robot on this morning’s platform.
Shark Tank: American’s top favorite business reality show Shark Tank has also been quoted for the false promotion of Libra Method numerous times. The reason for selecting the shark tank TV Show to claim a TV appearance for the robot could be the format of the show. In the shark tank, the sharks are multimillionaire investors of the United States of America. The program allows three minutes for the contestants of the show who are mainly the rising entrepreneurs to come up with a unique business idea and sell it to the investors of the show. Anyhow, upon confirmation from the concerned sources of the show, the news of Libra Method’s appearance on TV came out as forged.
Dragon’s Den: The dragon’s den is also the most popular business reality show in the UK. The program’s format is just the same as that of the shark tank. Entrepreneurs need to sell their business ideas to the multimillionaire investors of the show. The Libra Method claimed its endorsement on the platform of the dragon’s den. However, the show hosts of the dragon’s den rejected any such claim and clarified that they hadn’t endorsed any auto trading app ever.
Celebrities are often quoted for the wrong promotion of the auto trading apps. Libra Method this time claimed its affiliation with some of the TV stars, such as Mark Cuban, Bill Gates, Winkle Voss Twins, Holly Willoughby, Richard Branson, Piers Morgan, and some other celebrities. Let’s continue reading through each of the celebrities’ comments to know what they had to say when asked about the endorsement of the Libra Method?
Bill Gates: The founder of Microsoft Inc. was named to have endorsed the Libra Method app. We, too, searched the internet to find any such information that can prove the assertion to be true. However, nothing was available over the internet that could have confirmed to us that Bill Gates has appraised investment in the Libra Method app.
Piers Morgan: Piers Morgan is a very famous name when it comes to the endorsement news of auto trading robots. Morgan has been named multiple times by the fake auto trading app that he has not only endorsed the Libra Method but also owns some investment in it. While talking to our team, the famous actor denied any affiliation with the so-called profit generation app. He would never appraise any of the trading apps ever, he added.
Richard Branson: The English entrepreneur and the founder of the Virgin Business network, Richard Branson has also been quoted as a false reference for the promotion of the Libra Method app. However, the legendary business tycoon straight away denied any endorsement for the Libra Method. He further explained that he doesn’t care about any of the robots that use his name for its promotion. He has openly announced that he does not endorse investment in any of the auto trading app and that people should stay away from investing in them.
After a detailed review of the Libra Method, we conclude that people should not invest in the Libra Method app. There are countless reasons for our unfavorable opinion of the robot. First of all, the robot has no confirmed source of origin. There is no information available as to who invented it and when? Also, the information available on the webpage of the Libra Method speaks out about some other auto trading app instead of the Libra Method that gives an impression as if the information was copied from somewhere else.
Secondly, the robot works on the same pattern as that of other scam auto trading apps. The platform asks you for a deposit of $250 and then doesn’t let you choose the broker of your choice, instead takes you to one of its partnered broker’s websites at the time of funds deposits. The robot also offers inadequate customer support that leads us to have a negative opinion of the robot. We suggest people should invest with a regulated trading platform like eToro, instead of wasting their money for nothing by supporting them with such scam auto trading software.
eToro is the world’s most renowned multi-assets brokerage firm and exchange for trading cryptos and CFDs. The company started its operations in 2006 and has its office located worldwide. The multi-regulated firm offers the most advanced trading tools and instruments to rock the crypto market. Traders can use the eToro customized digital wallet for saving their digital assets or having them converted or exchanged to other cryptocurrencies.
The eToro also offers great leverage options for crypto trading so that traders can maximize their profits. Novice traders can use the eToro social trading service where they can copy trades of other successful traders and start making profits right away. eToro accepts payments through multiple deposit methods, including credit cards, debit cards, e-payments, and wire transfers, etc.
No, it is not. Libra Method is a non-regulated app. The name of its founder is also unknown.
Yes, it does. Other cryptocurrencies such as litecoin, ethereum, stellar lumens, dash, monero, bitcoin cash, etc. are supported by the libra method app.
Yes, you can. The libra method app allows you to have it installed on your PC.
The minimum amount for signing up with the Libra Method app is $250.
Generally, platforms need a copy of your id card, driving license, or a passport for the account verification. However, Libra Method doesn’t ask you to provide any such document.
No, not at all. You can have your account verified within a few minutes of account registration.
