Overview of FX Live Capital
FX Live Capital, founded in 2020 and headquartered in Saint Vincent and the Grenadines, offers traders a variety of trading instruments through its unregulated platform. With account types catering to different trading needs and leveraging the MetaTrader 4 platform, FX Live Capital aims to provide accessible and professional trading services. However, its lack of regulation may pose risks to traders, requiring careful consideration before engaging in trading activities.
Is FX Live Capital Legit？
FX Live Capital is not regulated. It is important to note that this broker does not have any valid regulation, which means it operates without oversight from recognized financial regulatory authorities. Traders should exercise caution and be aware of the associated risks when considering trading with an unregulated broker like FX Live Capital, as there may be limited avenues for dispute resolution, potential safety and security concerns regarding funds, and a lack of transparency in the broker's business practices. It is advisable for traders to thoroughly research and consider the regulatory status of a broker before engaging in trading activities to ensure a safer and more secure trading experience.
Pros and Cons
FX Live Capital offers traders a diverse range of trading instruments and multiple account types, providing flexibility and catering to varying trading needs. Additionally, the utilization of the popular MetaTrader 4 platform enhances accessibility and familiarity for traders. However, the lack of regulatory oversight raises concerns about transparency and investor protection. Moreover, the limited customer support options, primarily through email, may hinder efficient resolution of queries or issues. Furthermore, the absence of educational resources and unclear company policies and procedures may pose challenges for traders seeking comprehensive guidance and information. Additionally, the restriction to deposit and withdrawal methods using crypto wallets may limit accessibility for some traders. Overall, while FX Live Capital offers opportunities for trading, traders should approach with caution due to the lack of regulatory supervision and limited support resources.
Trading Instruments
FX Live Capital offers a diverse range of trading instruments, including stocks/equities, futures, indices, energies, precious metals, and forex/currencies.
Here is a comparison table of trading instruments offered by different brokers:
Account Types
1. Classic Account: The Classic Account is designed for traders seeking accessibility, with a minimum deposit of $100. Traders can enjoy a maximum leverage of 1:500, variable spreads, and access to a wide range of trading instruments including stocks, futures, indices, energies, precious metals, and forex/currencies, all within the MT4 trading platform.
2. Professional Account: Geared towards experienced traders, the Professional Account requires a minimum deposit of $500. It offers a lower maximum leverage of 1:100 but provides enhanced features such as tighter spreads and a commission of $9 USD per trade. Traders can still access the same array of trading instruments through the MT4 platform.
3. MAM Account: The MAM Account is ideal for money managers looking to handle multiple accounts simultaneously. With a minimum deposit of $100 and a maximum leverage of 1:500, MAM Account holders enjoy commission-free trading and access to the full suite of trading instruments available on the MT4 platform.
PAMM Account: The PAMM Account, similar to the MAM Account, caters to money managers but operates under a Percentage Allocation Management Module. It also requires a minimum deposit of $100 and offers a maximum leverage of 1:500. Traders benefit from commission-free trading and access to diverse trading instruments through MT4.
Leverage
Apologies for the oversight. FX Live Capital provides leverage options ranging up to 1:500 for its Classic and MAM accounts, while the Professional and PAMM accounts offer a maximum leverage of 1:100.
Here is a comparison table of maximum leverage offered by different brokers:
Spreads and Commissions
FX Live Capital offers variable spreads and commissions on its trading accounts. The Classic account has a commission of $3 USD, while the Professional account has a commission of $9 USD. Both accounts feature variable spreads. The MAM and PAMM accounts, on the other hand, have no commissions associated with them.
Deposit & Withdraw Methods
The deposit and withdrawal method for FX Live Capital involves the use of crypto wallets. For both deposits and withdrawals, the commission is unknown and the exchange rate is based on the current exchange rate. The processing time for deposits varies and is not specified, while the processing time for withdrawals is stated to be within 24 hours.
Trading Platforms
FX Live Capital exclusively utilizes the MetaTrader 4 (MT4) trading platform across all its account types.
Customer Support
FX Live Capital provides customer support primarily through email at support@fxlivecapital.com.
Conclusion
In conclusion, FX Live Capital presents traders with a variety of trading instruments and account types, along with the widely used MetaTrader 4 platform, facilitating flexible and accessible trading opportunities. However, the absence of regulatory oversight poses potential risks, and the limited customer support options may hinder efficient resolution of inquiries. Additionally, the lack of educational resources and unclear company policies may present challenges for traders seeking comprehensive guidance. Traders should exercise caution and conduct thorough research before engaging with FX Live Capital to mitigate potential risks and ensure a safer trading experience.
FAQs
Q: Is FX Live Capital regulated？
A: No, FX Live Capital operates without regulation, which means it lacks oversight from recognized financial regulatory authorities.
Q: What trading instruments are available on FX Live Capital？
A: FX Live Capital offers a range of trading instruments, including forex, metals, cryptocurrencies, stocks, and indices.
Q: What account types does FX Live Capital offer？
A: FX Live Capital provides various account types, including Classic, Professional, MAM, and PAMM accounts, catering to different trading preferences and experience levels.
Q: How can I contact FX Live Capital's customer support？
A: You can reach FX Live Capital's customer support primarily through email at support@fxlivecapital.com.
Q: How long does it take for deposits and withdrawals to be processed by FX Live Capital？
A: The processing time for deposits varies and is not specified, while withdrawals are stated to be processed within 24 hours.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
