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Rating Index

Pros

Low initial deposit requirement, making it accessible for new traders.

Offers a modern trading platform with various asset classes including forex, CFDs, and cryptocurrencies.

Provides educational resources on basic investment concepts.

Cons

Unregulated broker, posing a significant risk to client funds.

Lack of transparency regarding company ownership and actual location.

Numerous complaints and negative reviews from users, indicating potential issues with withdrawals and customer service.

LiveFX broker Accounts

LiveFX Account Type

LiveFX offers three different types of trading accounts tailored to meet various trading needs:

Standard Account:

Minimum Deposit: $500+
Leverage: Up to 1:500
Spreads: Starting from 1.5 pips

Advanced Account:

Minimum Deposit: $2,500+
Leverage: Up to 1:400
Spreads: Starting from 1.0 pips

Expert Account:

Minimum Deposit: $10,000+
Leverage: Up to 1:200
Spreads: Starting from 0.4 pips

All accounts provide access to over 200 trading instruments, including forex, CFDs, metals, indices, and futures, utilizing the widely-used MetaTrader 5 platform.

LiveFX Broker Account Opening Process

To open an account with LiveFX, follow these steps:

Visit the LiveFX Website: Go to livefx.exchange.
Select Account Type: Choose the type of account you wish to open (Standard, Advanced, or Expert).
Complete Registration Form: Fill out the online registration form with your personal information, including name, email, and phone number.
Upload Required Documents: Provide proof of identity (e.g., passport or ID card) and proof of residence (e.g., utility bill) as part of the Know Your Customer (KYC) process.
Verify Your Account: Wait for the broker to process and verify your documents. This may take a few hours.
Fund Your Account: Deposit the minimum required amount using the accepted payment methods, which may include Bitcoin.
Download Trading Platform: After funding, download the MetaTrader 5 platform to start trading.