Liberty Market Investment review: A Scam?

Thanks for reading this Liberty market investment (LMI) review.

Liberty Market Investment offers a funded account program for those who want to trade futures.

They’ve been running the business from Ontario, Canada since 2017.
 

Of course the concept of funded account programs is a scam in the sense that most traders don’t make it and the vendor always pockets their subscription fees.

There are 5 live account types provided by Liberty Market Investment.

Account type varies according to deposit size and even rules such as daily loss limit and max trail DD.

For a live account funded with $10,000, the daily loss limit is $250 while dd is $500.

For a $30,000 account, the numbers are $500 and $1,500 respectively.

For a $50,000 account, the numbers will be $1,000 and $2,000 respectively.

And there’s funding for those who want $100,000 or $150,000. The daily loss limit for these accounts is $2,000 to $3,000 while dd is $3,000 to $4,500.

Traders are responsible for paying their own data feed. There are various data feeds that traders can use.

When using US exchanges like CME, CBOT, NYMEX or COMEX, the monthly cost is $30.

Those who would like to use Eurex pay €18 per month. Basically, exchange data feed fees start at $10 monthly.

Liberty market investment also claims that traders can withdraw 100% of their profits up to $8,000.

If profits are greater, the split is 80/20 where traders take 80%.

During the evaluation process, accounts don’t get closed when one breaches the rules.

Instead, they reset the account conditions for a fee. A mini account will be reset for $60.

Practice and qualifying sessions are reset for $100 and $120 respectively.

Students pay this fee every time they’ve breached the rules and would wish to start over.

And of course there are monthly subscription fees for any account size.

They start from $70 to $350.

Is Liberty market investment legit?

While the company may be legit, their concept of business is not.

You cannot pay someone to trade on a simulator because they promised funding. It’s all a scam!

Secondly, there are a number of reviews out there about this company that already confirms my statement.

These reviews are from people who have tried the service but never got to the point of getting funded.

They praise the company for good support and fair subscription fees compared to competitors.

However, you should remember that the aim of joining a prop firm is get funded and make money, not to praise their support and quality of service.

In short, no one has ever been successful with Liberty market investment.

Conclusion

If you want to get into trading, you must risk your capital.

Joining a prop firm is not going to save you. In fact, it’s going to make things worse.

For those who would like to build their capital gradually, these trading tools are resources are viable enough.