Fx Live Forex Broker

FX Live Forex Broker - Complete Information Guide

1. Broker Overview

FX Live Capital, also known as fxlivecapital.com, was founded in 2016 and is headquartered in Saint Vincent and the Grenadines. The company operates as a private entity, providing a wide range of trading services to both retail and institutional clients globally. FX Live Capital primarily targets the forex trading market, catering to individual traders and institutional clients looking for competitive trading conditions.

Since its inception, FX Live Capital has aimed to establish itself as a reputable player in the forex industry, focusing on delivering a user-friendly trading experience and a variety of account options. The broker has made significant strides in attracting traders by offering various promotional incentives and cash rebates, which have contributed to its growth and popularity among retail traders.

FX Live Capital operates under the fxlivecapital ltd name, and its business model encompasses retail forex trading, allowing clients to trade various currency pairs, commodities, and indices. The firm has positioned itself as a reliable partner for traders seeking a diverse trading environment with flexible conditions.

2. Regulation and Compliance Information

FX Live Capital operates as an unregulated broker, which raises concerns regarding investor protection. As per the available information, there are no valid regulatory licenses associated with FX Live Capital, which means clients may not have adequate safeguards for their investments.

• Regulatory Bodies: The broker does not fall under any major regulatory authority such as the FCA in the UK or the ASIC in Australia.
• Regulatory Numbers: No regulatory numbers are available due to the lack of oversight.
• License Validity: The absence of a valid license implies that FX Live Capital is not subject to any regulatory scrutiny, which can expose clients to higher risks.
• Regional Entities: FX Live Capital is registered in Saint Vincent and the Grenadines, a jurisdiction known for its lenient regulatory framework.
• Client Fund Segregation: There is no clear information about the segregation of client funds, which is a critical aspect of investor protection.
• Investor Compensation Fund: FX Live Capital does not participate in any investor compensation schemes.
• KYC and AML Compliance: While specific details on KYC (Know Your Customer) and AML (Anti-Money Laundering) measures are not provided, operating without regulation typically results in less stringent compliance practices.

3. Trading Products and Services

FX Live Capital offers a variety of trading products and services to meet the needs of its clients.

• Currency Pairs: The broker provides access to a wide range of forex currency pairs, including major, minor, and exotic pairs. The exact number of available pairs is not specified, but major pairs like EUR/USD and GBP/USD are likely included.
• CFD Products: In addition to forex trading, FX Live Capital offers Contracts for Difference (CFDs) on various financial instruments, including indices, commodities, stocks, and cryptocurrencies.
• Unique Products: The broker may provide unique trading options, but specific details about exclusive products are not disclosed in the available information.
• Product Updates: There is no clear information regarding the frequency of product updates or the introduction of new trading instruments.
• Retail Trading Services: FX Live Capital primarily focuses on retail trading services, allowing individual traders to access the forex market.
• Institutional Services: The availability of institutional services is not explicitly mentioned, suggesting the primary focus remains on retail clients.
• White Label Solutions: There is no information indicating the provision of white label solutions.
• Asset Management Services: FX Live Capital does not appear to offer asset management services based on the available data.

4. Trading Platforms and Technology

FX Live Capital provides its clients with access to the widely used MetaTrader 4 (MT4) platform, which is known for its robust trading features and user-friendly interface.

• MetaTrader 4/5 Support: The broker exclusively supports the MT4 platform, which allows for advanced charting, automated trading through Expert Advisors (EAs), and various technical analysis tools.
• Proprietary Platform: There is no mention of a proprietary trading platform developed by FX Live Capital.
• Web-Based Trading Platform: The availability of a web-based trading platform is not specified.
• Mobile Applications: FX Live Capital offers mobile applications for both iOS and Android, enabling traders to manage their accounts and execute trades on the go.
• Execution Model: The execution model employed by FX Live Capital is not clearly defined, but the broker offers competitive trading conditions which may include ECN or STP execution.
• Server Location and Infrastructure: The server locations and technical infrastructure details are not disclosed.
• API Access and Automated Trading Support: The availability of API access for algorithmic trading is not mentioned.

5. Account Types and Trading Conditions

FX Live Capital offers several account types designed to cater to different trading preferences and styles.

• Standard Account Conditions: The minimum deposit requirement for standard accounts is reported to be $100, with spreads starting from 1 pip and a commission fee of $4 per lot traded.
• Advanced Account Types: The broker also provides advanced account options, such as professional and zero-commission accounts, with varying spreads and commission structures.
• Special Accounts: There is no mention of special account types such as Islamic accounts or corporate accounts.
• Demo Account Policy: Information regarding the availability of demo accounts is not provided.
• Leverage Ratios: FX Live Capital offers leverage up to 1:500, depending on the account type and trading instruments.
• Minimum Trade Size: The minimum trade size across all account types is 0.01 lot.
• Overnight Fees Policy: Specific details regarding overnight fees or swap rates are not disclosed.

6. Fund Management

FX Live Capital provides various options for deposit and withdrawal management, although specific details are limited.

• Supported Deposit Methods: The broker accepts deposits via bank transfers, credit/debit cards, and e-wallets, although the exact methods are not specified.
• Minimum Deposit Requirements: The minimum deposit varies by account type, starting from $100 for standard accounts.
• Deposit Processing Time: The processing time for deposits is not explicitly mentioned.
• Deposit Fees: There is no information regarding any fees associated with deposits.
• Withdrawal Methods and Restrictions: FX Live Capital does not provide clear information on withdrawal methods or any potential restrictions.
• Withdrawal Processing Time: The withdrawal processing times are also not specified.
• Withdrawal Fees Structure: Information regarding withdrawal fees is not available.

7. Customer Support and Educational Resources

FX Live Capital aims to provide adequate customer support and educational resources to assist its clients.

• Support Channels: Clients can reach customer support through email, online chat, and potentially via phone, although specific contact details are not provided.
• Service Hours and Time Zone Coverage: The operational hours for customer support are not specified, making it unclear whether they cover different time zones.
• Multilingual Support: The support language primarily offered is English, with no indication of additional languages.
• Education Resources Types: FX Live Capital may offer educational resources such as webinars, tutorials, and eBooks, but specific details are not disclosed.
• Market Analysis Services: There is limited information regarding daily market analysis, news, or research reports provided to clients.
• Trading Tools: The availability of trading tools such as calculators, calendars, and signal services is not mentioned.

8. Regional Coverage and Restrictions

FX Live Capital provides services to various regions but also has specific limitations.

• Main Service Markets: The broker targets a global market, primarily focusing on retail clients in various regions.
• Regional Office Distribution: The information regarding regional offices or local representations is not provided.
• Countries/Regions Not Accepted: Specific countries or regions where clients are not accepted are not disclosed, but the absence of regulation may limit its client base.
• Special Restrictions: There are no specific restrictions mentioned, although the lack of regulatory oversight may deter some potential clients.

In summary, FX Live Capital presents itself as a forex broker offering various trading products and services. However, the absence of regulation and specific details regarding its operations raises concerns about investor protection. Potential clients are encouraged to conduct thorough research and consider regulated alternatives before engaging with FX Live Capital.