About Livermore Trading
Company Overview
Livermore Trading is a trading service provider registered in the United Kingdom, founded on October 10, 2023. Despite its UK registration, the company is described as being based in China, according to aggregated industry data. The broker positions itself as a one-stop solution for traders, offering a live trading room, trade alerts, and educational content alongside its trading platform.
Regulatory Status
A critical point for traders is that Livermore Trading is currently unregulated. It holds no licence from any known financial authority, which means there is no external oversight of its operations. This lack of regulation introduces significant risks, as traders have no recourse to a compensation scheme or ombudsman in the event of disputes or platform failure. FXCanary's Scam Risk Score of 49/100 (Guarded) reflects this concern.
Account Types and Minimum Deposits
The broker offers a tiered account structure with six levels: Trial (€250), Classic (€1,000), Gold (€2,500), Platinum (€10,000), VIP (€25,000), and Prestige (€100,000). Each tier provides progressively higher minimum deposits, though specific features, spreads, and leverage are not disclosed on the public website. The accounts cater to both retail and high-net-worth traders, but the absence of leverage information is notable.
Trading Instruments
According to known facts, Livermore Trading offers instruments in Forex, Cryptocurrencies, Oil CFDs, and Indices. However, the official website emphasizes trade signals and education rather than listing specific tradable assets. This discrepancy suggests the broker may be evolving its offering, but traders should verify current instrument availability before committing funds.
Target Audience
The broker appears to target a broad audience, from beginners (via the Trial account) to experienced traders (via the Prestige account). The inclusion of a Discord community and educational resources like Zoom calls and market forecasts suggests an emphasis on community-driven learning. However, the high minimum deposits for top-tier accounts indicate a focus on wealthier clients seeking premium services.
Risk Considerations
The unregulated status is the foremost risk, but other factors also warrant caution. The broker's short track record (founded in late 2023) means there is limited historical data to assess reliability. Additionally, the lack of published information on leverage, spreads, and trading platforms makes it difficult for traders to evaluate competitiveness. Prospective users should conduct thorough due diligence and consider only risk capital.
Overview compiled by FXCanary from regulatory records and public data. full Livermore Trading review