Liberty Commercial Finance Limited

Liberty Commercial Finance Limited is yet another representative of modern scammers posing as honest CFD brokers. To attract traders, they offer access to over 50 financial markets with more than 600,000 assets traded. However, quick and substantial earnings here won’t be possible for anyone. To confirm this, it’s enough to analyze the data on the project’s official website or save your time and read our review of this scam platform.

Overview of Liberty Commercial Finance Limited

Community of CFD traders became aware of this project relatively recently. Therefore, it is in the traders’ interest to find out what tricks scammers use to deceive clients. We have tried to gather as much information about this as possible.

Broker History

First and foremost, we attempted to find the company’s history. Liberty Commercial Finance Limited pleasantly surprised us. On the “About” page, they openly shared that the founders decided to use cutting-edge technologies to improve the financial industry back in 2011. The result is the project’s popularity, operating in over 100 countries, attracting 600,000 clients and having over $16 billion in assets.

We are, of course, trusting enough to take all these words and figures as the truth. However, we are also good at doing the math. As a result, we understand that to achieve such results, the broker would need at least 137 clients daily or at least 13,700 website visits. Given its “popularity” on the internet, it will take another 20 years to reach such a result. We also have doubts about the $16 billion in assets:

• If these are clients’ funds, then to support trading with the declared margin on the broker’s own accounts, they should have at least $1.6 trillion.
• If these were the broker’s own funds, then the average client’s account would be only $266. In this case, there is no reason to be proud at all.

In general, we will further verify this information.

Libertycommercialfinanceltd.com Website

Some people are inclined to praise this official website for its original design. Design is probably the only thing developers succeeded in. In all other aspects, it is at the level of other poor-quality creations of similar fraudulent projects. We are not talking about the form of presenting information; the video presentation on the main page looks quite good. However, the informational value and the rest of the content are close to zero.

For example:

• An entire page, “Trading Conditions,” is filled with lengthy reasoning about how great they are at Liberty Commercial Finance Limited. In other words, the space is wasted since there isn’t a single important figure here.
• The “About” page, which we already mentioned, could easily do without 95% of the content, especially since part of the phrases remains unfinished, destroying the meaning of entire sections.
• In the “Products” menu, all pages are completely uninteresting to traders. Instead of wordy descriptions of assets, specifications of contracts for each group would have looked much better.

The list of unnecessary content can be expanded on almost every page. The exception may be the registration and login forms.

Registration Process and Personal Account

The registration form for new clients at Liberty Commercial Finance Limited is another rather controversial decision by webmasters. Firstly, it’s challenging to find objective reasons to split what could easily fit on a single screen into two. Secondly, there are claims to each part of this divided form.

The first part requires the input of the user’s personal and contact information, as well as the selection of an account type. However, the account types in the dropdown list do not correspond to those presented on the website’s pages, not to mention that there are simply fewer options (4 instead of 5).

The second part is also quite interesting. Here, only a login password is entered, a reCaptcha verification is passed, and the user agrees to the Terms & Conditions. It gives the impression that the creators of Liberty Commercial Finance Limited simply haven’t heard of documents like Privacy Policy and Risk Disclosure, which are mandatory for review and acceptance during registration in many countries.

By the way, there are no such documents listed in the Legal Information section on the About Us page. There are also no such important policies as AML and KYC. It seems the broker openly admits that it operates without adhering to any laws or regulator’s requirements. After this, are there any doubts that this might be a fraudulent operation? By the way, another confirmation is the direct transition to the client workspace after registration without verifying contact information, which is not included in the Client Portal.

However, almost everything appears to be in order here. All necessary functions are in place:

• Profile and data security editing.
• Client data verification.
• Account funding and withdrawal request processing.
• Viewing trade and non-trade operation histories.
• Creating a support ticket.

Although there are a few things to take note of here:

1. What, and, most importantly, on what basis are representatives of Liberty Commercial Finance Limited planning to verify, given the company has no KYC policy documents?
2. What address do they plan to verify when there isn’t even a field for its input in the profile?
3. Why is there no mention on the website pages of other versions of the trading platform besides the web trader, when there is a link to download the terminal in the Personal Cabinet? And why is this link broken?
4. Why doesn’t the touted security of client data and funds include even basic protection like 2FA (Two Factor Authentication)?

Trading Platform

Liberty Commercial Finance Limited praises its trading platform as one of the best on the market. However, a detailed review of this platform has led us to form a completely opposite opinion. While this browser page might look decent, it’s impossible to claim that the functions assigned to it are executed flawlessly.

Any skilled trader will immediately notice numerous drawbacks:

• Unwieldy organization of the asset list, slowing down the process of selection.
• A limited set of graphical elements, restricting market analysis possibilities.
• Inability to add custom indicators to the analysis tool list and connect trading robots.
• Problems with saving workspace settings and the terminal in general.

All of these factors make trading far less comfortable than desired. Moreover, some of the listed issues could potentially lead to traders incurring losses.

One more question for developers: why does the Liberty Commercial Finance Limited platform resemble the product of Easy Technologies? By the way, the latter seems to appeal to scammers but isn’t popular among traders.

Contacts

Perhaps the most informative part of the website is the contact page. Here you can find:

• The company’s office address in the UK: Tower 42, 25 Old Broad St, London EC2N 1HN.
• Support hotline number: +442086384777.
• Email address: support@libertycommercialfinanceltd.net.
• A feedback form.

On all official website pages, you can use the online chat to communicate with company representatives.

One peculiar feature of this broker is the extensive use of remote access programs like AnyDesk or TeamViewer by support specialists to assist clients. They even present this as an advantage of working with the company. However, they fail to mention security concerns for users who grant control of their devices to outsiders.

This practice looks particularly absurd when you know that Liberty Commercial Finance Limited was created by scammers. Granting access to all resources to representatives of such a project is the height of recklessness.

Analysis of Services Offered by Liberty Commercial Finance Limited

Even a general view of the official website and the client workspace provides ample reasons to assert that this project is fraudulent. Of course, traders are more interested in the specific offerings. Is everything in order here?

Funding and Withdrawal

On the client portal of Liberty Commercial Finance Limited, several options are available for financial transactions, including:

• Credit/debit card transactions.
• Bank transfers.
• P2P transactions.
• Cryptocurrency operations.

However, when it comes to depositing funds, it’s not as straightforward as it seems. Regardless of the chosen method, users are asked to fill out a form with the deposit amount and their trading account number for crediting. After submitting the form, clients are asked to wait for company representatives to contact them with payment details.

From the scammers, we shouldn’t expect anything else. They make every effort to hide their payment details from financial monitoring services.

Liberty Commercial Finance Limited Trading Conditions

Among other questionable projects, this broker stands out in its attempt to provide a table of genuinely trading conditions for at least some of its account types. For each of the tariff plans, namely Test, Beginner, Standard, VIP, and Corporate, they have listed the minimum deposit amount, the asset groups available for trading, maximum leverage, and spreads.

However, not everything is as good as it should be here either. For example, the promise of “low commissions” for a minimum deposit of $250 and a maximum of $10,000, are vague notions. It would be preferable to see these figures expressed numerically. It’s also desirable to provide information about swap rates and margin requirements for maintaining active positions. Nevertheless, imposing such requirements on scammers is likely too much. The creators of Liberty Commercial Finance Limited have almost completed their feat without it.

They have even managed to simulate compliance with regulatory requirements by limiting the maximum leverage levels for various account types, almost within the acceptable range, from 1:20 to 1:100. For an inexperienced trader, this might appear as the work of a legitimate broker. Scammers go to great lengths to capture client funds.

Unique Features

To give credibility to the image of an honest company that owners are trying to portray, they even included a section in the menu with employment offerings at the broker. However, this is limited to general statements instead of specifying job listings and candidate requirements.

One of the selection stages particularly caught our attention – completing a certain task. We have no doubt that it will involve opening and funding an account, achieving specific trading success. The scammers from Liberty Commercial Finance Limited have shown that they know how to find unconventional methods of attracting client funds.

Is Liberty Commercial Finance Limited Trustworthy and Reliable?

The project’s creators have done much to convince us of its fraudulent nature. Yet, we have not even begun to analyze the legal information. It’s time to examine these details.

Assessing Legitimacy

Liberty Commercial Finance Limited doesn’t provide registration details, but it lists a London address for the company. It’s logical to verify its registration in the UK. In the Companies House database, there is indeed an active company with the same name, involved in financial intermediation since 2016.

On the surface, it might appear to be a legitimate broker. However, more detailed information about the company indicates otherwise, and this information can be found on any British business information aggregator.

Several factors make it clear that the real company cannot be the subject of our review:

1. Micro Status. This status is assigned to businesses with fewer than 10 employees or assets of less than £2 million GBP. We remember the $16 billion and 600+ employees worldwide. With these figures, the Micro status wouldn’t apply, but it currently does.
2. Total assets of nearly £176,000, of which £65,000 are borrowed funds. This doesn’t align with $16 billion. If these funds belong to clients, the income from the minimum 0.5% commission ($800,000) significantly surpasses the claimed asset value.

The real, functioning company, Liberty Commercial Finance Limited, has a license from the British financial regulator, FCA. However, according to this license, the company:

• Cannot accept and hold client funds.
• Only deals with consumer credit: It acts as a credit broker and debt consultant.
• Has its official website: https://www.libertycommercialfinance.com/.

Established Track Record

To dispel all the myths created by Liberty Commercial Finance Limited, it’s essential to check the details regarding the “company’s” history. We can use domain registration information provided by a whois service.

As we can see, the domain was registered in September 2023, which means the fake broker has existed online for just over a month. This completely debunks the legend about the project being established in 2011, having $15 billion in assets, and 600,000 client accounts. It’s now abundantly clear that nothing on Liberty Commercial Finance Limited’s website can be trusted.

Implications for Traders

Therefore, Liberty Commercial Finance Limited is undoubtedly a fraudulent broker. It uses the details of an existing company for its facade while operating exclusively online without registration or a license. You should not trust a word from these scammers. We strongly recommend against registering here and depositing even minimal amounts into your account.

Strengths and Weaknesses