Libra Profit System is yet another automated trading tool which claims to help all its users earn at least $1,000 a day by just depositing $250 with them. Any rational person can easily spot the flaws on this platform and will never dare to let these crooks access their funds in any way.
Unfortunately, the masses for the most part aren’t aware of the tricks used by scammers to loot them and they are the kind of people who will be hurt the most when this whole scheme goes down. Libra by itself is a digital currency backed up by Facebook and it has immense potential, but many scammers are using the name with custom narratives that will only benefit them at the expense of the innocent clients.
So, do not buy into things or schemes just because you find a recognisable brand instead always do in-depth check on it and verify every detail especially when money is involved. This software has many flaws and the fact that they are bluffing becomes obvious once you take a close look at their operational model.
As we have a lot of angles to cover and tons of things to expose, we suggest you go through the following information to understand the real and ugly side of this firm.
What is the Libra Profit System?
Libra Profit System is another trading bot that supposedly scans the forex and cryptocurrency markets for the trends that are intact and provides the end user with data that enables them to make quick decisions. In simple words, this software claims to allow its users to make a lot of money with little to no efforts from their side.
The sales pitch and approach used by them clearly indicates that they have no real experience with the markets, because that’s just not the way it works. In their About us section, they do talk about their founders, but note that just like all the ponzi and mlm schemes out there, they do not provide any specific details and their explanation for the most part doesn’t make sense too.
According to their website, they do offer demo accounts, but the catch is you have to register an account with them and that puts your personal data at risk. The metrics or the indicator bundle used by the software is not revealed by them. Moreover, crucial details like trading history and probability ratio are also not made public.
As there is no real way to judge the abilities of this platform without putting more than your money at risk, you really need to be very adamant to try them out. Remember, one wrong move with them will push you into a bunch of hassles and it might even affect your credit score for a long period of time.
Can you really make money with the Libra Profit System?
Maybe, but chances are you will never be able to hold on to the gains over the long term. Moreover, if the broker they hook you up with is unregulated, then your withdrawals might never go through at the end of the day. Earning one thousand dollars daily is a huge accomplishment by itself and that is the kind of result this software promises. However, making that much money with little capital is unsustainable and sooner or later the risk exposure will kill the account.
So, don’t believe their easy money claims and understand that they are just trying to invoke your greed and push you towards making an impulsive decision. If you read their policies and disclaimer closely, they are hiding behind liability clauses and they have made it clear that they won’t be responsible for any of the losses. After analysing all the details about them, it becomes crystal clear that making money with them is nothing more than a fantasy.
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Below, we have gathered a few deadly flaws of this platform. Go through the list to know about the specific details.
Obvious Sales Pitch – On their homepage, they have posted a video which consists of clips from popular news outlets. They are hyping up the potential of the Libra coin and are magically trying to create a connection between themselves and that digital currency. We can assure you that Facebook or their coin has nothing to do with this firm.
The only reason all the scams use the name of big and recognisable brands is to establish fake authority and to portray themselves like a legit institution. Now, as you realise their gimmicks, we hope you will never buy into any of their lies. It is easy to notice the flaws once you know exactly what to look for, right?
No Evidence – Automated systems that really work always take pride in publishing their audited reports. They want people to know the performance of their algorithms all the time in order to showcase their abilities.
This firm doesn’t feature any trading history and broker statements and myfxbook records are absent as well. Simply put, they don’t have solid proof to support their claims and that kind of behaviour should tell you a lot about them.
Lack of Transparency – Firms that raise money from the public for investment purposes have to adhere to a lot of rules. After all, they are playing with other people’s money and the regulators have done their best to make the environment a safe place for all. Fraudulent platforms like this one always manipulates the public and they clearly don’t like the concept of being open as it causes a lot of problems for them.
For starters, it would expose their real identities which will help the authorities take action against them. They will be held liable for the damages done by them and so on. If you can’t find the details of the firm’s whereabouts and email address, then you need to understand that it is most likely a hustle.
Conflict of Interest – This platform is a bridge that connects retail clients with the unregulated brokers they are affiliated with. For every person they bring on board, they are paid fat commissions for it.
Conflict of interest is the main reason for the positive reviews about them on the internet. If you notice any article or content designed specifically to entice the audience, then without second thoughts, click away from the website because they don’t have your best interest in their minds.
Libra Profit System Fake Reviews and Testimonials
Libra Profit System has got literally dozens of positive reviews on the web. Clearly, the crooks know the way to dominate the search results and thereby have a firm grip over the narrative they peddle. An average trader will never be mature enough to recognise the degree of manipulation that is going on with them and as a result, they are highly vulnerable.
Buying fake reviews is not a new thing and almost every scam that has launched itself over the last couple of years have done it. So, be careful and take every bit of information you find online with a grain of salt. Moving on to the testimonials part, though this platform is popular, we couldn’t find much information about the software from actual users.
There are a few comments featured by them on their website, but they are all bogus profiles with stock images attached. By featuring manufactured backstories and comments this platform clearly indicates that they have nothing valuable to provide to their user base and that is just an unarguable fact.
Real Agenda of Libra Profit System
Libra Profit System exists for only one reason and that is to make money by referring clients to offshore brokers. They will come up with ridiculous stories and claims about their software. Most of their statements will be vague and from their domain registration to all the other things, they have managed to conceal their identity very well.
If you notice carefully, the true skill of this platform lies in their marketing abilities and they surely know the ways to create a buzz online. Retail clients who believe in the theories put out by them will eventually lose their capital to the unregulated brokerages and will end up penniless.
Sadly, a lot of people just accept defeat once the money is lost because they are not familiar with the fund recovery process. If you have lost money to them, then don’t give up hope just yet. Get in touch with our team via the contact form below for a free consultation and let them do the analysis for you.
Libra Profit System is a bogus trading software that will never deliver any of the promises it advertises. It is just a setup created by clever criminals to hustle the newbie traders and investors. They do not have connection with any credible firms or brokerages and their only goal is to loot the public in a subtle manner.
Moreover, they don’t even have the guts to feature any contact details which clearly highlights their incompetence. So, do yourself a favor and ignore this nasty firm and never jump onto any make money online opportunities without doing proper research.
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