Livestar Forex Broker provides real users with 1 positive reviews, 1 neutral reviews and * exposure review!
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Software Index
It's all in Japanese, I can't read it. But it looks like a reliable company, at least not a scammer.
I've been trading on this online platform for a few years. Execution of orders is normal. The platform works without errors and glitches. Withdrawal of funds is very fast.
In the ever-evolving landscape of forex trading, Livestar emerges as a contender worth examining. This review synthesizes various sources to provide a comprehensive overview of Livestar's offerings, user experiences, and regulatory standing. While Livestar boasts certain appealing features, potential traders should tread carefully, considering both the positives and negatives highlighted in user feedback.
Note: It is important to recognize that Livestar operates in different jurisdictions, which can influence the regulatory framework under which it operates. This review aims to provide a fair and accurate representation based on multiple sources.
| Category | Score (out of 10) |
|---|---|
| Account Conditions | 8 |
| Tools and Resources | 6 |
| Customer Service and Support | 5 |
| Trading Experience | 7 |
| Trustworthiness | 6 |
| User Experience | 7 |
| Additional Features | 5 |
How We Rate Brokers: Our ratings are based on a comprehensive analysis of user experiences, expert opinions, and factual data regarding the broker's offerings.
Founded in 2007, Livestar is a forex broker regulated by Japan's Financial Services Agency (FSA). The broker provides a proprietary trading platform, known as Neo Trader, which is accessible via mobile devices. Livestar offers a range of trading products, including margin trading, futures trading, and investment trusts. Despite its relatively recent establishment, Livestar's regulatory compliance is noteworthy, as it operates under Japan's stringent financial regulations.
Regulatory Regions: Livestar is regulated in Japan by the FSA, ensuring a level of oversight that can provide some reassurance to traders.
Deposit/Withdrawal Methods: Livestar supports fast transfers through various banks, and there are no fees associated with deposits or withdrawals. However, the lack of a demo account may deter some potential users.
Minimum Deposit: One of Livestar's attractive features is its no minimum deposit requirement, allowing new traders to start with any amount they choose.
Bonuses/Promotions: There is no specific mention of bonuses or promotions in the available sources, which may be a limitation compared to other brokers.
Tradeable Asset Classes: Livestar provides access to various asset classes, including forex, stocks, and futures.
Costs (Spreads, Fees, Commissions): Livestar offers competitive commission fees, with trading fees for cash stocks varying based on the product. The commission system is structured such that orders incur a fee of 50 yen, capping at 880 yen for transactions exceeding 10,000 yen.
Leverage: The maximum leverage offered by Livestar is 1:25, which is relatively conservative compared to some competitors.
Allowed Trading Platforms: Livestar's proprietary platform, Neo Trader, is the primary trading interface available to users.
Restricted Regions: The review does not specify any restricted regions, but potential clients should verify their eligibility based on local regulations.
Available Customer Service Languages: Livestar provides customer support primarily in Japanese, with email support available for inquiries.
| Category | Score (out of 10) |
|---|---|
| Account Conditions | 8 |
| Tools and Resources | 6 |
| Customer Service and Support | 5 |
| Trading Experience | 7 |
| Trustworthiness | 6 |
| User Experience | 7 |
| Additional Features | 5 |
Account Conditions: Livestar's no minimum deposit requirement is a significant advantage, making it accessible for new traders. The regulatory oversight by the FSA also enhances trustworthiness.
Tools and Resources: The proprietary Neo Trader platform has received mixed reviews, with some users reporting satisfactory performance, while others find the lack of a demo account limiting.
Customer Service and Support: Feedback on customer service is varied, with some users noting long wait times for responses. The absence of a live chat feature may further hinder the user experience.
Trading Experience: The trading conditions, including competitive spreads and fees, make Livestar an attractive option for active traders. However, the limited range of financial instruments may not meet the needs of more experienced traders looking for diversity.
Trustworthiness: While Livestar is regulated by the FSA, some reviews raise concerns about its operational practices. It's essential for potential traders to conduct thorough research and remain vigilant.
User Experience: Overall, user experiences tend to be positive, with many appreciating the straightforward account setup and trading conditions. However, the lack of comprehensive customer support can be a drawback.
Conclusion: Livestar presents a compelling option for traders, particularly those new to the forex market. However, it is crucial to weigh the benefits against the potential downsides, especially regarding customer service and the limitations of the trading platform. As always, conducting personal research and due diligence is recommended before committing to any trading platform.
In summary, this Livestar review highlights both the strengths and weaknesses of the broker, providing a balanced perspective for potential traders considering their options in the forex market.
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