Forexlive-24 Forex Broker

Forexlive-24 Basic Information Company Name Forexlive-24 Founded in 2022-02-10 Headquarters 2030-Franklin-St-Oakland-CA 94501 Regulations Not Regulated Tradable Assets ECN:28 currency pairs + gold and silverPRO:28 currency pairs + 4 metals + 2 energies + 10 indices + 3 cryptocurrenciesMICRO: 28 currency pairs + gold and silver + 4 indices + 3 cryptocurrencies Account Types ECN, PRO, MICRO Minimum Deposit ECN:$100PRO:$500MICRO:$100 Maximum Leverage ECN: Up to 1:500 for currencies 1:200 for metalsPRO: Up to 1:200 for currencies 1:100 for metals and energies 1:50 for indices 1:2 for cryptocurrenciesMICRO: Up to 1:500 for currencies 1:200 for metals 1:50 for indices 1:2 for cryptocurrencies Minimum Spread ECN:Floating, starting at 0 pipsPRO:Floating, starting at 0.2 pipsMICRO:Floating, starting at 0.4 pips Fixed, starting at 2 pips. Customer Support Email: SUPPORT@FOREXLIVE-24.COM Overview of Forexlive-24 Forexlive-24, established in February 2022 and headquartered in Oakland, California, offers ECN, PRO, and MICRO account types with varying minimum deposit requirements and leverage options. The platform provides a diverse range of tradable assets across multiple categories, including currencies, metals, energies, indices, and cryptocurrencies. With competitive spreads and no commission charges, Forexlive-24 aims to create a conducive trading environment for its clients. However, the platform does not offer trading platforms, payment methods, or educational resources, potentially impacting the overall user experience. Regulation Forexlive-24 operates without regulation, as indicated by the absence of regulatory information in the provided details. This lack of regulation means that Forexlive-24 does not fall under the supervision of any financial regulatory authorities, potentially exposing clients to increased risks due to the absence of investor protections and oversight mechanisms. Traders should stay vigilant before engaging with the platform, as the absence of regulation may impact the reliability and trustworthiness of the services offered by Forexlive-24. Pros & Cons Forexlive-24 presents a variety of strengths and weaknesses for traders to consider. On the positive side, it offers a diverse range of tradable assets, enabling traders to diversify their portfolios. Additionally, the platform provides multiple account types, accommodating traders with different preferences and risk tolerances. Forexlive-24 also offers generous leverage options and low spreads, potentially enhancing trading opportunities and reducing costs. However, the absence of regulation raises concerns about investor protection and oversight. Furthermore, the platform lacks trading platforms, payment methods, and educational resources, potentially limiting user experience and development. Traders should carefully weigh these factors when evaluating Forexlive-24 as a trading platform. Pros Cons Diverse Tradable Assets Lack of Regulation Multiple account types Absence of Trading Platforms Generous leverage Limited Payment Methods Low Spreads No Education Resources Market Instruments Forexlive-24 offers a diverse selection of market instruments across its various account types. The ECN account provides access to 28 currency pairs along with gold and silver, catering to forex traders seeking a wide range of currency options. The PRO account expands upon this, offering an extensive array of assets including 28 currency pairs, 4 metals, 2 energies, 10 indices, and 3 cryptocurrencies, appealing to traders interested in a broader spectrum of markets. The MICRO account, while more limited in scope, still offers 28 currency pairs, gold and silver, 4 indices, and 3 cryptocurrencies, providing a balanced mix of assets for traders with smaller capital sizes. Account Types Forexlive-24 offers three distinct account types : ECN, PRO, and MICRO. The ECN account is designed for traders seeking direct access to the market, featuring competitive pricing and fast execution. The PRO account meets the needs of more experienced traders, providing access to a wide range of assets and advanced trading features. The MICRO account is suitable for traders with smaller capital sizes, offering a simplified trading experience with lower minimum deposit requirements. Leverage Forexlive-24 offers competitive leverage options across its account types to empower traders to maximize their trading potential. The ECN account provides leverage of up to 1:500 for currencies and 1:200 for metals, allowing traders to amplify their positions in the forex market. The PRO account offers leverage of up to 1:200 for currencies, 1:100 for metals and energies, 1:50 for indices, and 1:2 for cryptocurrencies, catering to traders seeking exposure across various asset classes with varying risk appetites. Similarly, the MICRO account offers leverage of up to 1:500 for currencies, 1:200 for metals, 1:50 for indices, and 1:2 for cryptocurrencies, providing traders with flexibility and control over their trading strategies. Spreads & Commissions Forexlive-24 offers competitive spreads and a commission-free trading environment across its account types. The ECN account features floating spreads starting at 0 pips, providing traders with tight pricing and transparency in the forex market. Similarly, the PRO account offers floating spreads starting at 0.2 pips, catering to traders seeking optimal pricing and execution. The MICRO account provides floating spreads starting at 0.4 pips, along with fixed spreads starting at 2 pips, accommodating traders with smaller capital sizes. Account ECN PRO MICRO Minimum Deposit $100 $500 $100 Minimum Spread Floating, starting at 0 pips Floating, starting at 0.2 pips Floating, starting at 0.4 pips Fixed, starting at 2 pips. Customer Support Clients can contact this broker through the following contact channels: Email: SUPPORT@FOREXLIVE-24.COM Address: 2030-Franklin-St-Oakland-CA 94501 Conclusion In conclusion, Forexlive-24 presents itself as a comprehensive trading platform meeting the needs of a wide range of traders with diverse needs and preferences. Offering multiple account types, competitive leverage options, and a diverse selection of tradable assets, Forexlive-24 aims to empower traders to navigate the financial markets effectively. While the platform boasts competitive spreads, a commission-free trading environment, and flexibility in trading conditions, its lack of regulation and absence of trading platforms may raise concerns among some traders. However, for those seeking a wide array of trading opportunities across various asset classes, Forexlive-24 provides a compelling option worth considering. Traders should stay vigilant to ensure that Forexlive-24 aligns with their individual trading objectives and risk tolerance levels. FAQs What account types does Forexlive-24 offer, and how do they differ？ Forexlive-24 offers three distinct account types: ECN, PRO, and MICRO. What leverage options are available on Forexlive-24？ Forexlive-24 provides varying leverage options across its account types. The ECN account offers leverage of up to 1:500 for currencies and 1:200 for metals, while the PRO and MICRO accounts offer leverage ranging from 1:2 to 1:500 depending on the asset classes. Does Forexlive-24 charge commissions on trades？ No, Forexlive-24 does not charge commissions on trades. The platform operates on a commission-free model, with trading costs primarily incurred through spreads. Risk Warning Trading online carries inherent risks, including the potential loss of your entire investment. It's essential to recognize that online trading may not be suitable for everyone, and individuals should carefully consider their risk tolerance before participating. Additionally, please be aware that the details provided in this review are subject to change as companies update their services and policies. Therefore, it's advisable to verify the most up-to-date information directly with the company before making any trading decisions. Ultimately, the responsibility for utilizing the information in this review lies solely with the reader.