LiveTradeFx24

LiveTradeFx24 Limited, operating under the domain livetradefx24.com, is a retail forex and CFD broker registered in the United States. The company was founded on 17 October 2024, making it a relatively new entrant to the online trading space. Its registered address is 1726 77th Ave E, Puyallup, WA 98371, USA.

According to our records, LiveTradeFx24 holds two regulatory licences: one from the Australian Securities and Investments Commission (ASIC) and one from the UK Financial Conduct Authority (FCA), both for market making (MM) activities. However, the status of these licences is not specified in our records, and the licence numbers are not published here. As of the latest data, the company reports zero employees, which is notable for a broker claiming regulatory oversight in two major jurisdictions.

LiveTradeFx24 states that it is regulated by ASIC in Australia and the FCA in the United Kingdom. Both are respected regulators in the forex industry, and holding licences from them would normally indicate a high level of oversight. However, our records do not confirm the current status of these licences, and the specific licence numbers are not disclosed in our files.

We cross-checked the information available to us, but independent public verification is limited. For a newly established broker, the absence of verifiable regulatory details is a point of caution. Traders are advised to verify any regulatory claims directly with the relevant authorities before depositing funds.

LiveTradeFx24 offers four account tiers: Classic, Standard, Premium, and VIP. The Classic account requires a minimum deposit of $1,000, with a minimum spread of 1.9 pips. The Standard account requires $2,500 and offers a minimum spread of 1.5 pips. The Premium account requires $5,000 and a minimum spread of 1.2 pips. The VIP account requires a $10,000 minimum deposit and offers the tightest minimum spread at 0.6 pips.

All account types provide a maximum leverage of 1:500, which is high and carries significant risk. Commission details are not specified for any account tier. This tiered structure appears designed to cater to both retail traders with smaller capital and higher-net-worth individuals seeking tighter spreads.

LiveTradeFx24 lists several deposit methods, including Mastercard, Skrill, VISA, and WebMoney. For withdrawals, the broker accepts Bitcoin (BTC), Neteller, VISA, and Skrill. The inclusion of both traditional card payments and e-wallets, as well as cryptocurrency for withdrawals, offers some flexibility for clients.

However, the broker does not disclose any processing times, fees, or limits associated with these methods. In the absence of such details, traders should exercise caution and clarify these terms with the broker before committing funds.

Our records do not specify the trading instruments offered by LiveTradeFx24, nor do they list the trading platforms available. Typically, a retail FX/CFD broker would offer forex pairs, commodities, indices, and possibly cryptocurrencies, but we cannot confirm this for LiveTradeFx24.

Similarly, no information is available about whether the broker supports MetaTrader 4, MetaTrader 5, or a proprietary platform. This lack of transparency is a concern for traders who rely on familiar platforms and a clear understanding of available markets.

LiveTradeFx24 is a recently established broker, being only about 22 months old as of the latest assessment. It also has no verifiable website or social-media presence according to our records, which is unusual for a broker claiming to operate under two major regulators. These factors contribute to a guarded risk profile.

Our FXCanary Scam Risk Score for LiveTradeFx24 is 47 out of 100, indicating a 'Guarded' level of risk. This means that while there is no evidence of fraudulent activity, the lack of verifiable information and the broker's short operating history warrant caution. Traders should conduct thorough due diligence before engaging with this broker.

In summary, LiveTradeFx24 is a newly formed retail forex broker with a registered presence in the United States and claims of regulation by ASIC and FCA. It offers a range of account types with high leverage and multiple funding options. However, the absence of verifiable regulatory details, unspecified trading instruments and platforms, and a minimal online footprint are significant gaps.

Given the limited independent information available, we recommend that traders approach LiveTradeFx24 with caution. Always verify regulatory claims with the relevant authorities and consider starting with a small deposit to test the broker's services. The guarded risk score reflects the uncertainties surrounding this broker.