LiveTrade
Pros and Cons
Pros
- Wide range of trading instruments including Forex, stocks, and cryptocurrencies
- Access to multiple trading platforms: MT4, MT5, web version, and mobile app
- Customer support available via email and social media
- Flexible account types tailored to different trader needs
- Instant crypto credit lines and fundraising services offered
Cons
- Not regulated by any recognized financial authority
- Potentially high risks associated with unregulated status
- Limited educational resources for traders
- Withdrawal fees may apply
- Inactivity fees could impact dormant accounts
Basic Information
User Reviews
LiveTrade Overview
LiveTrade is a financial services company registered in the United States, operating for a period of 5-10 years. As an unregulated broker, it provides various services tailored to individual and business clients, including instant crypto credit lines, fundraising, and consulting. The broker aims to connect clients with multiple interoperable financial services through a single platform, facilitating access to essential financial tools and resources.
In terms of offerings, LiveTrade focuses on a range of services that cover e-commerce, business transformation, and legal process support. The broker aims to support its clients by providing tailored solutions, including crypto loans and company digitization services. Customer support is available through various channels, including email and social media platforms, ensuring clients can reach out for assistance as needed. LiveTrade’s approach combines innovative technology with a commitment to meeting the specific needs of its clients in the dynamic forex trading landscape.
Is LiveTrade Safe? Regulation Analysis
Regulatory Information
LiveTrade is not regulated by any recognized financial authority. As an unregulated broker, it operates without the oversight and investor protection measures typically associated with regulated entities. This lack of regulation may expose clients to increased risks, including the potential for fraud or mismanagement of funds. Investors should be cautious when engaging with unregulated brokers, as they may not have the same level of accountability or security as those that are overseen by regulatory bodies.
Is LiveTrade Regulated and How Are Client Funds Protected?
Trading Products and Services
What trading instruments does LiveTrade offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | Major Pairs | Varies |
| Commodities | Gold, Oil | Varies |
| Indices | S&P 500, NASDAQ | Varies |
| Stocks | US, UK | Varies |
| Cryptocurrencies | BTC, ETH | Varies |
LiveTrade offers a diverse range of trading instruments across various asset categories, including Forex, commodities, indices, stocks, and cryptocurrencies. This extensive selection is designed to meet the needs of different types of traders, from beginners looking for foundational assets to experienced professionals seeking advanced trading options. The inclusion of multiple asset categories supports effective portfolio diversification, allowing traders to implement flexible strategies tailored to their individual investment goals. By providing access to a wide array of markets, LiveTrade empowers its clients to navigate the dynamic trading landscape with confidence.
Account Types and Trading Conditions
What Account Types and Fees Does LiveTrade Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Retail Account | Beginners | Designed for individual traders with basic features. | Suitable for small-capital practice. |
| Professional Account | Experienced traders | Offers advanced trading options and tools. | Requires trading volume qualifications. |
| Corporate Account | Corporate clients | Customized services for businesses. | Requires corporate documentation. |
| Demo Account | All traders | Practice trading with virtual funds. | Ideal for testing strategies without risk. |
Account Opening Process
To open an account with LiveTrade, potential clients must complete several steps. First, they need to submit personal, employment, and financial information. This includes providing identity verification documents, such as an ID and proof of address. The process is designed to be straightforward, allowing for flexibility, such as the option to upgrade to a professional account later on if trading requirements are met.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (Major Pairs) | Varies | $0 | Competitive spreads available. |
| CFDs (Stocks, Indices) | Varies | Varies | Dependent on market conditions. |
| Cryptos (BTC, ETH) | Varies | Varies | Subject to volatility. |
Other Fees
LiveTrade may impose several additional fees. These can include deposit and withdrawal fees, inactivity fees, platform usage fees, overnight interest (swap rates), and currency conversion fees. Clients are encouraged to review these potential costs to fully understand their trading expenses.
Trading Platforms and Apps
What Trading Platforms and Apps Does LiveTrade Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| MT4 | Windows, macOS, iOS, Android | Secure login (2FA), multiple order types, market search, technical indicators | Demo accounts available |
| MT5 | Windows, macOS, iOS, Android | Secure login (encryption), advanced order types, economic calendar, push notifications | VPS services available |
| Web Version | Any device with internet access | Secure login (encryption), symbol lookup, one-click trading, price alerts | No additional services |
| Mobile App | iOS, Android | Secure login (biometrics), market search, alerts, fast order execution | Demo accounts available |
LiveTrade offers a range of trading platforms to cater to the diverse needs of its clients. MT4 is well-suited for beginners and offers essential features for straightforward trading, while MT5 provides advanced functionalities for experienced traders. The web version allows access from any device, promoting flexibility, and the mobile app enables convenient trading on the go, ensuring traders can manage their investments anytime. All platforms prioritize secure login processes and include tools for efficient market navigation.
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 $20,000/day | USD |
| Cryptocurrency (BTC, ETH) | Instant | No platform fee | Min $10, Max $50,000/day | USD |
| Credit/Debit Card | Instant | No platform fee, 2.5% card charge | Min $50, Max $10,000/day | USD |
Minimum Deposit
LiveTrade requires a minimum deposit of $50 for standard accounts. This amount may vary based on the account type and payment method chosen by the client. For example, cryptocurrency deposits can start as low as $10, while corporate accounts may have higher requirements.
How to Withdraw
To withdraw funds from LiveTrade, follow these steps:
- Log in to your LiveTrade account.
- Navigate to the ‘Withdrawals’ section.
- Select your preferred withdrawal method.
- Enter the amount you wish to withdraw.
- Review and confirm the withdrawal request.
- Check your email for confirmation and processing updates.
Customer Support
LiveTrade Customer Support Overview
Support Channels
LiveTrade provides various support channels to assist clients effectively. Customers can reach out via email at info@livetrade.io. Additionally, LiveTrade maintains an active presence on social media platforms, including Facebook, LinkedIn, Twitter, Telegram, and YouTube, allowing clients to connect and seek help through their preferred channels.
Service Availability
LiveTrade’s customer support is available during standard business hours. The support team primarily communicates in English, ensuring clear and effective assistance for clients. Users can expect timely responses to their inquiries, helping them navigate any challenges they may encounter.
Frequently Asked Questions
No, LiveTrade is not regulated by any recognized financial authority. As an unregulated broker, it operates without the oversight and investor protection measures typically associated with regulated entities.
LiveTrade offers a diverse range of trading instruments across various asset categories, including Forex (major pairs), commodities (such as gold and oil), indices (like S&P 500 and NASDAQ), stocks (from the US and UK), and cryptocurrencies (BTC and ETH).
Clients can deposit and withdraw funds using several methods, including bank transfers, cryptocurrencies (BTC and ETH), and credit/debit cards. Each method has different processing times and limits, with various fees applicable.
LiveTrade provides customer support via email at info@livetrade.io and maintains an active presence on social media platforms like Facebook, LinkedIn, Twitter, Telegram, and YouTube, allowing clients to reach out for assistance through their preferred channels.
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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.