FX LIVE Forex Broker

Fx Live Broker - Complete Information Guide

1. Broker Overview

　　Fx Live is a financial trading platform operated by Aspida Solutions OÜ Limited, which was established in 2020. The company's registered office is located at 25 Canada Square, Canary Wharf, London E14 5 LB, United Kingdom, with additional mentions of an address in Tallinn, Estonia. Fx Live operates as a private entity, focusing on providing trading services to a global clientele.

　　Fx Live primarily targets retail traders and institutional clients, offering a diverse range of financial instruments. Over the years, the company has aimed to expand its service offerings and improve its technological infrastructure, although specific milestones in its development are not well-documented.

　　The business model of Fx Live includes retail forex trading, contracts for difference (CFDs), and other financial derivatives, catering to both novice and experienced traders. The platform markets itself as a comprehensive trading solution, providing users with access to various markets, including forex, commodities, indices, and cryptocurrencies.

2. Regulation and Compliance Information

　　Fx Live operates without oversight from any recognized financial regulatory authority, which raises significant concerns regarding its legitimacy and the safety of client funds. It is not regulated by any Tier 1, Tier 2, or Tier 3 regulators. The lack of regulatory supervision means that the company does not provide the protections typically associated with licensed brokers, such as client fund segregation or participation in investor compensation schemes.

　　The company's KYC (Know Your Customer) and AML (Anti-Money Laundering) compliance measures are not publicly detailed, leading to further scrutiny regarding its operational practices. Without a regulatory license, clients engaging with Fx Live face substantial risks, including potential loss of funds and limited recourse in the event of disputes.

3. Trading Products and Services

　　Fx Live offers a variety of trading products, including:

• Forex Currency Pairs: The platform supports a wide range of currency pairs, allowing traders to engage in the forex market. Specific details on the number of available pairs and major currencies are not extensively documented.
• CFD Products: Traders can access CFDs on indices, commodities, stocks, and cryptocurrencies, providing opportunities for speculation without owning the underlying assets.
• Unique Trading Instruments: While Fx Live claims to offer a comprehensive suite of products, there is limited information regarding any exclusive or proprietary trading instruments.
• Retail Trading Services: Fx Live primarily focuses on retail trading, although details about institutional services or white-label solutions are not provided.

　　The frequency of product updates and the introduction of new trading instruments remain unclear, which could affect the trading experience for users seeking diverse opportunities.

4. Trading Platforms and Technology

　　Fx Live supports the MetaTrader 5 (MT5) trading platform, which is known for its advanced trading capabilities and user-friendly interface. The platform allows traders to access various financial markets, utilize technical indicators, and engage in automated trading through Expert Advisors (EAs).

• Web-Based Trading Platform: Fx Live provides a web-based trading interface, although the functionality and performance compared to established platforms are not detailed.
• Mobile Application: The platform is accessible on both iOS and Android, enabling traders to manage their accounts and execute trades on the go.
• Execution Model: The execution model used by Fx Live is not clearly defined, raising questions about whether it operates on an ECN, STP, or Market Making basis.
• Server Infrastructure: Information regarding server locations and technical infrastructure is not publicly available, which may impact the reliability and speed of trade execution.

5. Account Types and Trading Conditions

　　Fx Live offers several account types, although specific details on each type are limited:

• Standard Account Conditions: The minimum deposit requirement is reported to be around $500, with spreads starting at 1.2 pips for major currency pairs. The commission structure is not clearly defined.
• Advanced Account Types: Higher-tier accounts, such as VIP or professional accounts, are mentioned but lack detailed specifications regarding their benefits and requirements.
• Special Accounts: Information on Islamic accounts or corporate accounts is not provided.
• Demo Account Policy: Details regarding the availability of demo accounts are not specified.
• Leverage Ratios: The maximum leverage offered is up to 1:10, which is relatively low compared to industry standards.
• Minimum Trade Size: The minimum trade size is not explicitly stated, which could affect new traders.
• Overnight Fees: Information on overnight fees or swap rates is not available.

6. Fund Management

　　Fx Live supports various deposit methods, including bank transfers, credit cards, and electronic wallets. However, specific details regarding each method are limited:

• Minimum Deposit Requirements: Different account types may have varying minimum deposit amounts, with the basic requirement being $500.
• Deposit Processing Times: The processing times for deposits are not clearly outlined, leaving potential clients uncertain.
• Deposit Fees: Information regarding any fees associated with deposits is not provided.
• Withdrawal Methods and Restrictions: Withdrawal options are not extensively documented, which may present challenges for clients when accessing their funds.
• Withdrawal Processing Times: The time frame for processing withdrawals is also unclear.
• Withdrawal Fee Structure: Any fees related to withdrawals are not specified, adding to the overall lack of transparency.

7. Customer Support and Educational Resources

　　Fx Live provides customer support primarily through email and phone channels. However, specific details regarding service hours and language support are limited:

• Support Channels: Available support methods include email and phone, but online chat support is not mentioned.
• Service Hours and Coverage: The operational hours for customer support are not defined, which may affect responsiveness.
• Multilingual Support: Information on the languages supported by customer service is not provided.
• Educational Resources: The availability of educational materials such as webinars, tutorials, or eBooks is not specified.
• Market Analysis Services: There is no mention of market analysis, daily reports, or research services offered to clients.
• Trading Tools: Tools such as calculators, calendars, or signal services are not detailed.

8. Regional Coverage and Restrictions

　　Fx Live operates on a global scale, targeting various international markets, but specific details regarding its regional presence are limited:

• Primary Service Markets: The platform appears to cater to a worldwide audience, but exact regions or countries are not explicitly stated.
• Regional Offices: Information on regional offices or local branches is not provided.
• Countries Not Accepted: The platform does not specify which countries or regions are restricted from opening accounts.
• Special Restrictions: Any additional limitations or regulatory considerations that may apply to specific regions are not detailed.

　　In conclusion, while Fx Live presents itself as a comprehensive trading platform, the lack of regulatory oversight, transparency regarding trading conditions, and customer support raises significant concerns for potential clients. Traders are advised to conduct thorough research and consider regulated alternatives to ensure the safety of their investments.