DineroLibre Review
- Dinero Libre offers several bonuses.
- The company has an extensive list of underlying financial assets.
- Dinero Libre supports auto-trading.
- The broker offers three different account types for clients to choose from.
- Dinero Libre has several customer support channels.
- The trading platform is beginner-friendly.
- The broker is unregulated.
- Poor customer support services.
- Lack of transparency.
- Outrageous bonus conditions.
- Bland and uninformative website.
Dinero Libre is a forex, binary options and CFD broker founded in 2016 to cater primarily to Spanish speaking traders. “Dinero Libre” means “Free Money” in Spanish. The headquarter of Dinero Libre is located at Passeig de Sant Joan 160, Barcelona, Spain, 08037. The company’s website claims that the broker is owned and operated by Plan B Services Ltd. Dinero Libre claims it aims to streamline brokerage services by providing its clients with innovative investment products. The company’s statement on its website claims that it developed two tools to allow traders earn money from the markets without necessarily knowing finance. One of such tools is the market signals provided in the “Signals Account” created by AutoChartist. The signals monitor happenings in the market around the clock and inform the trader whenever an instrument becomes profitable. The second tool is the auto trading system, which is based on the signals described above, but varies a little bit, as a result of the complex algorithm developed by some “MIT graduates.” The auto trading application only enters a trade when the signals sent by AutoChartist are safe to trade with.
The website of Dinero Libre was designed using the SPotOption program, which helps make trading comfortable for traders. To further simplify the trading process for beginners, the platform provides trading robots that help guide them along. The company accepts clients from all over the world, including those from the US. Dinero Libre uses Actiserver Advertising S.L as its processing provider. Traders who sign up to the Dinero trading platform are given the choice of choosing from one of three account types including broker account, signals account, and auto-trading account. Furthermore, Dinero Libre offers several bonuses to traders upon registration. However, we would recommend that you make you that you understand the terms and conditions of those bonuses before you accept them. For example, when you accept any bonus amount, you will have to trade 30 times the bonus volume before you can claim it. Meaning that, if you accept a $50 bonus, then you must trade $1,500 or more before you can access the bonus.
Trading Platforms
Dinero Libre’s trading platform is based on the following:
WebTrader Platform
Dinero Libre offers a web trading platform that allows traders to trade over 100 underlying financial assets. The company asserts that the platform is fast and responsive. The platform supports automated trading, as it works with several auto-trading robots that execute trades on a trader’s behalf, depending on market signals and algorithms. To trade on the web trader platform, all a trader needs to do is select the trading asset, choose the leverage, choose their stop-loss and take-profit limits, and then identify the asset trend. And since the firm’s trading platform is entirely web-based, you do not need to download or install the platform on your computer. The web-based platform provides both long and short-term expiry times for a customer’s trades and features a One Touch functionality, which enables users to trade during the weekends.
Mobile Trading Platform
While Dinero Libre does not yet have a mobile application, the online trading platform has been adapted for mobile devices, making it easy for clients to visit the trading platform and trade on the go through their mobile devices. You can access the site and trade on any internet-enabled mobile device. However, the auto-trading account has a mobile trading app that features smart money management techniques designed to ensure that you do not blow away your account. It is the only account that has a mobile trading software.
Trading Markets
Dinero Libre offers online trading services in financial products such as:
- Stocks
- Currencies
- Commodities
- Indices
- Cryptocurrency
Customer Support
Dinero Libre offers customer support services to its clients seven days a week, Monday to Sunday. These support services are offered in English and Spanish through many channels including:
- Live chat. Dinero Libre clients can contact the company’s customer support representatives by using the live chat feature equipped on their website, www.dinerolibre.com.
- Telephone. Dinero Libre provides its clients with country-specific telephone numbers through which they can reach the customer support team. These include Argentina (AR), +54 11 5983 9380; Columbia (CO), +57 5316 1053; and Mexico (MX), +52 5536 877174; United States (US), +1 347 507 2488.
- Email. Clients who prefer to make inquiries through email can send a message to the customer support staff through [email protected].
Security and Fairness
Dinero Libre does not yet have a regulatory license. And since the broker is not regulated in any jurisdiction, we would advise that you use caution if you would still go ahead to register with this company. Besides, we have read a lot of negative reviews about the company online from clients who have grown frustrated with the firms’ poor service delivery, lackluster customer support, and inability to withdraw their funds or access earned bonuses. Instead, we would recommend that you check out some of the more reputable and CySEC-, ASIC-, FCA-regulated brands out there.
Conclusion
For all its benefits, Dinero Libre has a number of issues which are tainting its brand. Asides being unregulated, the company has received lots of negative reviews from users online. Many reviewers complained that the company is another scam broker out to rip-off unsuspecting traders. Besides their fraudulent activities, we could not find any satisfactory explanation regarding how the system works. All there is are some vague expressions that make no financial sense whatsoever. Consequently, unless you are willing to risk it, it is probably a good idea to trade with a lot of caution on Dinero Libre.
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