FX Live Capital
Pros and Cons
Pros
- Diverse account types available for various trading preferences
- Access to the popular MetaTrader 4 platform
- Favorable trading conditions with tight spreads and high leverage
- Variety of trading tools to enhance the trading experience
- Customer support available during business hours
Cons
- Not regulated by any recognized financial authority
- Limited trading instruments available
- Potential risks associated with lack of regulatory oversight
- Limited payment options, accepting only digital currencies
- Withdrawal processes may lack transparency
Basic Information
User Reviews
FX Live Capital Overview
FX Live Capital is a forex broker established in Saint Lucia, operating for a period of 2-5 years under the company name FXLIVECAPITAL Ltd. Despite its presence in the market, it is important to note that FX Live Capital operates without valid regulatory oversight, which may present risks for potential traders. With this lack of regulation, clients may not have the necessary protections for their investments, making it essential to approach trading with caution and due diligence.
The broker offers a range of trading services, primarily focusing on forex and commodities, catering to both retail and institutional clients. FX Live Capital provides access to the popular MetaTrader 4 platform, known for its user-friendly features and comprehensive tools for trading. Additionally, the broker emphasizes customer support, available during business hours to assist clients with inquiries. While the broker presents various account options and trading tools, the absence of regulatory authority may raise concerns about its credibility and investor safety.
Is FX Live Capital Safe? Regulation Analysis
Regulatory Information
FX Live Capital is not regulated by any recognized financial authority. This lack of regulatory oversight raises significant risks for traders as they may not receive adequate protection for their investments. Trading with an unregulated broker like FX Live Capital can expose clients to potential financial losses, as there is no governing body to hold the company accountable in cases of disputes or misconduct. Therefore, caution is advised for anyone considering trading with this broker.
Trading Products and Services
What Trading Instruments Does FX Live Capital Offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | Major Pairs / Examples | Varies |
| Commodities | Gold, Oil | Varies |
| Indices | S&P 500, NASDAQ | Varies |
| Stocks | US, UK | Varies |
| Cryptocurrencies | BTC, ETH | Varies |
FX Live Capital offers a diverse array of trading instruments, primarily focusing on forex and commodities, which cater to a wide range of trader preferences. The provision of multiple asset categories allows traders—from beginners to seasoned professionals—to explore various markets and implement different trading strategies. For instance, forex pairs can offer high liquidity and volatility, while commodities may appeal to those interested in tangible assets influenced by global economic factors. This diversity not only enhances portfolio diversification but also enables traders to adapt their strategies to changing market conditions effectively.
Account Types and Trading Conditions
What Account Types and Fees Does FX Live Capital Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| FXLC_Classic | Beginners and casual traders | Leverage up to 1:1200, raw spreads from 1 pip | No minimum deposit required, commission of $4 per lot traded |
| FXLC_Professional | Experienced traders | Leverage up to 1:100, tighter spreads from 0.5 pip | No minimum deposit required, commission of $5 per lot traded |
| FXLC_Zero Commission | Traders seeking transparency | Leverage up to 1:200, spreads starting from 1.2 pips | No minimum deposit required, zero commission per lot traded |
Account Opening Process
To open an account with FX Live Capital, follow these steps: 1. Select an account type that suits your trading needs. 2. Complete the application form, providing personal and financial details. 3. Submit required identification for verification, including ID and proof of address. 4. Once your application is approved, you’ll receive confirmation of your account setup. Note that you can upgrade to a professional account later if desired.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (Major Pairs) | From 0.5 | $4 (Classic), $5 (Professional) | Tight spreads available |
| CFDs (Stocks, Indices, Commodities) | Varies | Varies | Check specific asset for details |
| Cryptocurrencies | Varies | Varies | Check specific asset for details |
Other Fees
Additional fees may include: – Deposit and withdrawal fees (specifics not detailed) – Inactivity fees (if applicable) – Platform usage fees (if applicable) – Overnight interest (swap rates) – Currency conversion fees
Trading Platforms and Apps
What Trading Platforms and Apps Does FX Live Capital Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| MT4 Terminal for Desktop | Windows, macOS | User-friendly interface, quick execution, interbank liquidity, news feeds, trailing stop loss, multilingual support | Demo accounts available |
| FXLive MT4 Android | Android | Real-time market prices, technical analysis, secure trading, stop-loss and take-profit settings | VPS services available |
| FXLive MT4 iPhone | iOS | Complete account control, access trading history, modify trades, Wi-Fi and 3G connectivity | API interfaces available |
FX Live Capital provides access to the MetaTrader 4 platform, renowned for its robust features and user-friendly interface, catering to both desktop and mobile users. The MT4 Terminal for Desktop is ideal for traders requiring comprehensive tools for analysis and execution, while the mobile applications for Android and iPhone enable traders to manage their accounts on the go, ensuring convenience and flexibility. Each platform incorporates security measures such as secure logins, enhancing user safety while facilitating efficient trade execution and real-time alerts to keep traders informed of market movements.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| Bank Transfer | 3–5 days | No platform fee | Min 50, Max 10,000 | USD, EUR |
| Credit/Debit Card | Instant | No platform fee | Min 50, Max 5,000 | USD, EUR |
| E-wallets (e.g., Skrill, Neteller) | Instant | 1.5% charge | Min 50, Max 10,000 | USD, EUR |
Minimum Deposit
The minimum deposit requirement for FX Live Capital is set at $50. This amount is consistent across all payment methods and account types, making it accessible for a range of traders.
How to Withdraw
- Log in to your FX Live Capital account.
- Navigate to the withdrawal section.
- Select your preferred payment method.
- Enter the withdrawal amount and required details.
- Submit your withdrawal request for processing.
Customer Support
FX Live Capital Customer Support Overview
Support Channels
FX Live Capital provides multiple contact methods to assist its clients effectively. Traders can reach out through:
- Email: Clients can send inquiries to support@fxlivecapital.com for any assistance regarding their accounts or trading queries.
- Online Contact Form: An online contact form is available on the FX Live Capital website, allowing clients to submit their questions directly to the support team.
Service Availability
Customer support is available during business hours from Monday to Friday. While specific languages supported are not detailed, the broker aims to provide assistance to a diverse clientele.
Frequently Asked Questions
FX Live Capital is not regulated by any recognized financial authority. This lack of regulatory oversight raises significant risks for traders, as they may not receive adequate protection for their investments.
FX Live Capital provides access to the popular MetaTrader 4 platform for desktop, as well as mobile applications for Android and iPhone devices. These platforms are designed to offer robust trading features and user-friendly interfaces.
FX Live Capital offers three account types: FXLC_Classic, FXLC_Professional, and FXLC_Zero Commission. Each account type comes with different leverage options, spreads, and commission structures to cater to various trading preferences.
Clients can reach FX Live Capital’s customer support via email at support@fxlivecapital.com or through an online contact form available on their website. Customer support is accessible during business hours from Monday to Friday.
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Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.