Livaxxen

Livaxxen is a trading broker incorporated in New Zealand on May 21, 2024. The company is registered at 171 Featherston Street, Wellington 6011, New Zealand. As a relatively new entrant to the trading industry, it aims to offer a broad range of financial instruments across multiple asset classes.

According to the information available, Livaxxen promotes itself as a broker providing access to over 900 instruments, including forex pairs, commodities, indices, and stocks. However, our review found that the broker currently lacks any form of regulatory oversight, which is a significant factor for traders to consider.

Our research indicates that Livaxxen does not hold a license from any known financial regulatory authority. No regulators are listed in our records, and we have not found evidence of the company being supervised by agencies such as the Financial Markets Authority (FMA) of New Zealand or any other reputable body.

This absence of regulation means that traders dealing with Livaxxen do not benefit from investor protection schemes, dispute resolution mechanisms, or oversight of fair trading practices. FXCanary advises extreme caution when considering an unregulated broker.

Livaxxen offers six distinct account tiers, each with a different minimum deposit requirement. The Basic account requires a deposit of $500, while the Standard account requires $5,000. Premium accounts start at $50,000, and Platinum at $200,000. The Premium+ account demands $100,000, and the VIP account has a high barrier of $1,000,000.

The maximum leverage is only specified for two account types: Premium+ and Basic, both offering 1:400 leverage. For other accounts, leverage details are not provided, which is an important gap in transparency. The high minimum deposits suggest the broker is targeting high-net-worth individuals.

The broker claims to offer over 900 tradable instruments spanning forex, commodities, indices, and stocks. However, our known facts do not specify the exact number of instruments available in each category or the specific asset offerings.

We note that the lack of detailed information on the broker's website makes it difficult for traders to assess the depth of market coverage. Without verified data, the actual range of instruments cannot be confirmed.

Livaxxen is registered at 171 Featherston Street, Wellington 6011, New Zealand. Being incorporated in New Zealand does not automatically imply regulation, as companies can register without obtaining a financial service provider license.

The address in Wellington's central business district suggests a commercial presence, but this does not replace the need for proper regulatory authorization. Traders should verify the broker's status with the New Zealand Companies Office and the FMA.

Given the high minimum deposits and unregulated status, Livaxxen appears to be aimed at experienced traders with substantial capital who are willing to accept higher risks. The lack of regulatory oversight means that any disputes or issues would be difficult to resolve.

FXCanary's analysis shows that the broker's risk score is 47 out of 100 ('Guarded'), reflecting significant concerns about security and transparency. Traders should carefully evaluate whether the benefits of a multi-asset broker justify the absence of regulatory protection.