I have been a victim of the Libra Markets.com scam. During the time my account was active from December 2019 to April 2021, I had three account managers who did the trading for me and phoned me once a week. They were, Dustin Moore
dustinm@libramarkets.net, Archie Middleton
archiem@libramarkets.net and lastly Peter Andersson
petera@libramarkets.net. Archie Middleton convinced me investing with Libra Markets would result in profits of 20% or more. He also told me Libra Markets were in the process of buying investment contracts with Saudi Aramaco and he was personally heading up a team to open a new crypto currency which Amazon.com would be using for customers to pay for their purchases. Of course all of this was utter lies and just ramblings to convince me I was dealing with a high end trustworthy company.
Up until April 2020, when Dustin Moore was now my account manager, profits in my account had steadily grown which had almost doubled my investment. However, whenever I looked at my account status of Free Margin, Used Funds and Equity, Profit/Loss the figures never made sense (I have posted elsewhere on FPA about this). Dustin would explain them but still it didn't sit comfortably with me. Also at that time I was discovering lots of reviews about people losing all their investment with Libra Markets and/or they were unable to withdraw any of their profits. Therefore, I then discussed a withdrawal of €12,000.00 from my €27,000.00 profit margin. Dustin Moore questioned why I would want to do that and advised me not to since it would make my account vulnerable to losses as he would have to pay a fee to close open trades, of which I apparently had 11 of them. That made me more suspicious I was dealing with scammers. Sure enough, a week later, Dustin Moore told me that I should pay into my account €6000.00 as an insurance payment to protect my account from total loss (I have posted about this elsewhere on FPA) unless I do so I stand the risk of losing everything. I didn't have the 6k so nothing more was discussed.
In July 2020, suddenly, in one day's trading I lost €26,286.49 leaving a balance of €43,200.11. I requested that all trading stopped, close my account and send me the equity in my account of €37,498.62. I was told that could not be done as there was still 11 open trades and until all those trades were in profit I could not withdraw from or close my account. Dustin Moore continued to make negative trades blaming it on the volatility of the markets. Days would go by without any trading as he said it was too risky. But he said he would have to keep trading otherwise there would be heavy penalties imposed which could wipe out my account.
Peter Andersson took over as my account manager. The account continued to make huge losses until eventually it went into negative equity. For some unknown reason he was able to credit my account with €20,000.00 in order to start trading again in an attempt to recover my account and make profit. But alas, after a few weeks my account was again in negative equity. Peter Andersson said he would try and get me more credit but this would take 4 or 5 weeks. I never heard from him again. When I sent him an email it came back as unknown email address. (All the above email addresses are no longer in existence).
The odd thing is some trades were open for a month and others only for a few seconds. This suggests to me, along with the strange figures of my account not making sense, the whole website was a farce. The trades and everything else were fake - a scam.
A couple of months ago I went to check if my account was still active. Although Libra Markets website was still operating there was no facility to logon - that page had gone. A couple of weeks ago I checked the Libra Market website and it has been closed down. This has been done by the European Law enforcement due to Libra Markets being a Boiler Room connected with Cybercrime networks.