From the very first moment we opened livetraderfx.com, we knew it was a fraud. Signs are everywhere if you just know how to look. The broker LiveTraderFX asks you to download AnyDesk or TeamViewer, fraudulent software to access your devices.
Initial deposit is made in crypto, making it hard to follow transactions. For further findings, keep reading our trusted LiveTraderFX review, you won’t be sorry.
|Broker Status:||Unregulated Scam Broker|
|Regulated by:||Unlicensed Company / No Regulation|
|Operating Status:||Active Forex Trading Scam|
|Blacklisted as a Scam by:||N/A|
|Broker Owner:||Live Trader Ltd|
|Online Trading Platforms:||WebTrader|
|Deposit Bonus:||No Bonuses|
|Crypto Asset Trading:||BTC / ETH / LTC|
|CFD Trading Option:||Yes, you can trade CFDs|
|Available Trading Instruments:||Forex (FX) / Commodities / Indices / Shares / Cryptocurrencies (Cryptos)|
|Islamic Account:||Not Available|
|Free Demo Account:||No, only live trading accounts|
|Accepts US Clients:||US traders are not accepted|
|Global Fraud Protection Experts’ Verdict:||Don’t Invest in This Scam Broker!|
LiveTraderFX Regulation – Important Things to Know
On one side, the company claims to be owned by Live Trader Ltd, while in the Terms and Conditions, we found it’s a part of Blockchain Group Company from Seychelles.
However, neither of these two companies exists, so the only thing we actually believe is that the official headquarters is somewhere offshore, away from the regulatory sight.
What’s Wrong With a License?
After reviewing the FSA of Seychelles, FCA, ASIC, BaFin, and several more registers, we’ve discovered that LiveTraderFX regulation doesn’t exist. It means that any money you invest is not under guarantee, and it can easily be used for the company’s expenses.
In case of issues, you will not be able to get assistance from any authority body, so be careful.
Where Is LiveTraderFX Trading Scam Active?
Claiming to be established in 2013, LiveTraderFX forex brokerage says it serves clients in over 150 countries. According to the disclaimer, restricted countries are those requiring special regulations for providing financial services. Just to be clear, that would be any country in the world.
Most LiveTraderFX complaints come from:
So pay special attention if you live in these areas!
Broker LiveTraderFX Reviews – The Truth About Broker
According to LiveTraderFX reviews, clients have been defrauded and left to find their way of getting reimbursed. The broker claims to have EU regulation, just for traders to learn about headquarters in Seychelles.
Also, withdrawals are nearly impossible once you give your money away, so all we can advise is to stay away from the LiveTraderFX trading scam.
What Trading Platforms Are Available? – Trading Software
The only LiveTraderFX trading platform clients could use is a Web trader. There’s no Demo account, so we couldn’t analyze any further, as we’re not willing to make a deposit with an illicit brokerage.
Since it’s way behind MT4 and MT5 by features and security, we would strongly advise you to avoid it. If, however, you want to proceed, you will see a regular TradingView chart with 3 chart types and several indicators.
Mobile Trading App
According to its website, LiveTraderFX login is enabled via a mobile app for Android and iOS. The app corresponds to Web trader and has the same tools, so don’t hold your breath waiting for anything advanced.
Which Products Does LiveTraderFX Offer?
As per our review, LiveTraderFX provides assets from 5 major markets, including:
- Forex market (FX)
However, the number cannot be determined since we see that there’s a total of 30+ assets, but then there are 80+ or 100+ cryptocurrencies, depending on which part of the website you check.
The leverage and spread are not disclosed, making this broker even shadier and less trustworthy, as if it was possible.
LiveTraderFX Trading Accounts
Clients can choose between 4 LiveTraderFX account types:
- Classic – $250
- Silver – $25,000
- Gold – $50,000
- VIP – $150,000
Accounts differ in the given support and seniority of the account manager, as well as the expected profit. As you can tell, LiveTraderFX’s minimum deposit is $250, pretty much a standard for the trading industry.
Since you can get a regulated broker for the same amount, there’s no reason to involve yourself in the LiveTraderFX scam.
Demo Account Review
As aforementioned, the LiveTraderFX Demo account is not an option, so if you want to test their system, you will have to do it on your own funds.
Scammed By LiveTraderFX Broker? – Talk To Our Recovery Experts
If you fall victim to the LiveTraderFX scam, let us know. Our recovery specialists would love to hear your story and help you find the best solution for your case. Instead of allowing scammers to run with your hard-earned money, it’s time to take a step and get it back.
Contact us via online chat to book a free consultation and let’s start!
All In All, Don’t Let the Scammers Get Away for Free!
Can I Trade Cryptocurrencies And CFDs With LiveTraderFX Broker?
Yes, you can trade both crypto and CFDs with a LiveTraderFX broker.
What Is The LiveTraderFX Minimum Deposit?
Broker requires a minimum of $250 to activate your trading account.
Are My Funds Safe With LiveTraderFX?
Since the broker is offshore and unregulated, your funds are not safe with LiveTraderFX.