FX Live Capital is the name of a broker that is offering financial services without appropriate licensing. FX Live Capital is based in Saint Vincent and the Grenadines (SVG) and claiming to be a true global broker.
FX Live Capital – Scam or Not?
It is not correct for this broker to say that they are a true global broker when they cannot be found in any regulatory database. They provided an address in SVG but that does not make it legitimate. In fact, nearly every scammer out there has a SVG company incorporated under their name.
FX Live Capital holds no license whatsoever. And if they are unregulated, they have no business providing any kind of financial services to clients.
But this does not seem to bother them since they appear to target less informed traders.
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FX Live Capital Features
FX ive Capital is a Forex and CFD broker that offers various account types, over 150+ trading products and access to multiple trading platforms including metatrader 4. It claims to be a multi-award winning Forex and commodities broker that offers both retail and institutional clients trading services and facilities.
- Broker type: Forex and CFD broker
- Location: SVG
- Platforms: MT4
- Regulated: No
- Minimum deposit: $100
- Leverage: Up to 1:500
Its offers constitutes of 3 account types with minimum deposit of $100. EURUSD spreads start from 1.6 on the Classic account with a leverage of 1:500. The Professional account type offers spreads from 0.1 with a maximum leverage of 1:100. The Business account maintains spreads from 0.8 with leverage capped at 1:500.
All their account types are denominated in USD currency. They maintain a common minimum trade size of 0.01 Lot with trade size increment of 0.01. Maximum total trade size is 1000 Lots and a personal account manager is present across all account types. In addition to these, the business account seems to offer an affiliate programe scheme where traders can earn by referrals.
There is also a Social trading account for strategy providers and followers with a performance fee up to 50%.
FX Live Capital offers leverages up to 1:500 which are significantly higher than the levels most financial regulators deem appropriate.
Needless to say, a high leverage offers great opportunity together with a quick way to wipe out your account (especially with high volatility).
In some jurisdictions, leverage is limited to 100:1, 50:1, or even lower. This should be more than enough and many traders don’t pass the 10:1 leverage level.
FX Live Capital License
By their own admission, FX Live Capital is a broker that offers both retail and institutional clients trading services. It offers investment services to the public, therefore it needs authorizations from financial regulators.
As it is supposed to receive money injection from the public, it is required by the law to have an authorization from any of the top tier financial watchdogs including FCA in UK, CySEC in Europe, US SEC or from ASIC in australia.
But FX Live Capital is not registered with any financial registrars, therefore it is an illegal investment service. Deposits are not protected in any way and the company is breaking the law. This is a huge red flag.
FX Live Capital Review Conclusion – Verdict
FX Live Capital is to be avoided because they are not regulated and secondly, they are of no reputation. I am yet to find a successful trader who used their platform to trade the Forex market.
But chances are that they will scam traders rather than provide a proper trading environment where everybody can thrive in.
In short, FX Live Capital is an unauthorized and illegal investment service and a scam. All money you deposit with this fraudulent platform will be lost. Stay away from it.
1 thought on “FX Live Capital Review (fxlivecapital.com Scam or Legit?)”
Yo si creo que es una estafa yo e invertido mas 2000 librA al prinsipio paresia que iva bien y luego ya dejsron de cogerme el telef alli ya me di cuenta