live-forextrade

live-forextrade Limited, operating under the domain live-forextrade.com, is a company registered in the United States, with a stated founding date of January 19, 2023. The registered address is listed as North Eastern Properties, HIS Building, Office no.10, Kentucky, U.S.A. However, our records indicate that the company has no employees on file and no verifiable website or social-media presence, which raises immediate questions about its operational status.

Despite being registered in the U.S., the company holds licences from two offshore regulators: the Cyprus Securities and Exchange Commission (CySEC) and the Seychelles Financial Services Authority (FSA). The CySEC licence is for Market Making (MM) under licence number 138/11, while the FSA licence is for Derivatives Trading License (EP) under licence number SD037. Both licences are listed with a status of '—', indicating that the current validity or standing is not confirmed in our records.

The regulatory picture for live-forextrade is complex and warrants careful scrutiny. The company claims to hold a CySEC licence (138/11) and an FSA licence (SD037), but the status of these licences is not confirmed. CySEC is a reputable European regulator, but the licence number 138/11 is notably old, predating the company's 2023 founding, which suggests it may belong to a different entity or be a case of misrepresentation.

Similarly, the FSA licence (SD037) is listed for Seychelles, a jurisdiction known for lighter regulatory oversight. The lack of verifiable status for either licence, combined with the absence of any official website or social media presence, makes it impossible to independently confirm the company's regulatory claims. In FXCanary's assessment, this is a significant red flag for any potential client.

Based on the limited information available, live-forextrade appears to be positioned as a financial services provider, possibly offering trading in forex and CFDs, given the nature of the licences it claims to hold. However, without an operational website or any public-facing materials, we cannot confirm the specific products, platforms, or account types offered.

Our records do not include any details on trading platforms, instruments, or funding methods. This lack of transparency is concerning, as legitimate brokers typically provide comprehensive information about their offerings to attract and inform potential clients. In the absence of such details, we must caution that the company's actual services remain unverified.

Given the regulatory claims and the nature of the licences, live-forextrade likely targets retail traders interested in forex and CFD trading. However, the absence of a functional website and the lack of any marketing presence suggest that the company may not be actively soliciting clients, or it may be operating in a manner that avoids public scrutiny.

For traders considering this broker, the lack of verifiable information is a major concern. Legitimate brokers invest in establishing a credible online presence, including a professional website, customer support, and transparent disclosures. The absence of these elements makes it difficult to assess the suitability of this broker for any trader.

Our records indicate that live-forextrade has an elevated scam risk score of 54/100, with several risk flags. There are five user exposure or complaint reports on file, and withdrawal complaints appear in approximately 100% of recent reviews. These are serious indicators that clients may have faced difficulties in accessing their funds.

Additionally, the company has no verifiable website or social-media presence, which is highly unusual for a financial services provider. This combination of factors—unconfirmed licences, withdrawal complaints, and lack of transparency—suggests that traders should exercise extreme caution. In FXCanary's view, the absence of reliable information is itself a warning sign.

In summary, live-forextrade Limited presents a highly opaque profile. While it claims to hold licences from CySEC and the FSA, the validity of these licences is unconfirmed, and the company's lack of any verifiable online presence is deeply concerning. The elevated risk score and the prevalence of withdrawal complaints further undermine confidence.

We advise traders to treat this broker with extreme caution. Without clear, verifiable information about its operations, regulatory standing, and client protections, it is impossible to recommend live-forextrade as a safe or reliable trading partner. Prospective clients should conduct thorough due diligence and consider alternative, well-regulated brokers.