LiveTrader Broker Review

Livetrader 2025 Review: Everything You Need to Know

Summary: Livetrader, a relatively new player in the cryptocurrency trading bot market, has garnered mixed reviews from users and experts alike. While it provides an easy-to-use platform with a variety of automated trading features, concerns about its regulatory status and customer service persist.

Note: It is essential to be aware that Livetrader operates under different entities in various regions, which may affect user experiences and regulatory compliance. This review aims to present a fair and accurate assessment based on available information.

Ratings Overview

How We Rate Brokers

Our ratings are based on a comprehensive analysis of available information, user feedback, and expert opinions.

Broker Overview

Founded in February 2019, Livetrader is an automated cryptocurrency trading bot designed to facilitate trading without the need for constant market monitoring. The platform allows users to automate trades based on preset and customizable strategies. Currently, Livetrader supports major exchanges like Binance, with plans to expand to others, including Kraken and Bitfinex. However, it lacks regulation from any major financial authority, raising concerns about its trustworthiness.

Detailed Information

Regulated Regions

Livetrader does not currently hold any regulatory licenses, which is a significant red flag for potential users. The absence of regulation means that users have little recourse in the event of issues with the platform.

Deposit/Withdrawal Currencies/Cryptocurrencies

Users can deposit funds through various cryptocurrencies, but specific details on supported fiat currencies are not widely reported.

Minimum Deposit

The minimum deposit required to start using Livetrader is reported to be $250, which is standard in the industry for many trading platforms.

Bonuses/Promotions

Livetrader does not appear to offer any bonuses or promotional incentives at this time, which is common among unregulated platforms.

Tradable Asset Classes

Livetrader primarily focuses on cryptocurrencies, allowing users to trade a range of digital assets. The platform's functionality is centered around automated trading rather than offering extensive market instruments.

Costs (Spreads, Fees, Commissions)

The pricing structure of Livetrader offers three subscription plans: Starter ($19/month), Advanced ($49/month), and Professional ($99/month), with discounts for annual subscriptions. All plans come with a 7-day free trial, allowing users to test the service before committing financially.

Leverage

Details regarding leverage options are not explicitly mentioned in the available sources, which may indicate limited leverage offerings typical of unregulated platforms.

Allowed Trading Platforms

Livetrader operates as a web-based application, eliminating the need for software downloads. Users can access the platform via any standard web browser, making it accessible on various devices.

Restricted Regions

Due to its unregulated status, Livetrader may not accept users from certain jurisdictions, particularly those with stringent regulatory requirements.

Available Customer Service Languages

Customer support is reportedly limited, and the platform lacks a comprehensive knowledge base. While it offers a ticketing system for support, users have expressed dissatisfaction with response times and the overall quality of customer service.

Ratings Breakdown

Account Conditions

Livetrader's account conditions are relatively standard, with a minimum deposit of $250 and three subscription tiers. However, the lack of regulatory oversight raises concerns about the safety of user funds.

Tools and Resources

The platform provides a user-friendly interface and a variety of automated trading tools. However, some users have noted that the features may be too simplistic for advanced traders, limiting their ability to customize strategies effectively.

Customer Service and Support

Customer support has received criticism for being slow and lacking depth. The absence of a robust knowledge base further complicates the user experience.

Trading Settings

Livetrader allows users to set technical indicators and utilize various order types. However, the limited number of supported exchanges may hinder trading flexibility.

Trustworthiness

The lack of regulation and mixed user reviews significantly impacts Livetrader's trustworthiness. Many users are wary of investing in unregulated platforms, especially given reports of difficulties in withdrawing funds.

User Experience

Overall, user experiences with Livetrader vary. While some appreciate the ease of use and automated features, others express frustration with customer support and the platform's limitations.

In conclusion, while Livetrader offers a straightforward entry into automated cryptocurrency trading, potential users should approach with caution due to its unregulated status and mixed reviews. Whether it meets individual trading needs will depend on the user's level of experience and expectations. Always conduct thorough research before engaging with any trading platform, particularly those lacking regulatory oversight.