One of those brokers you hope you’d never met is FX Live Capital. The business appears to be quite reliable, and its website is attractively designed and draws visitors. Just for a little bit. You’ll realize that this is not the right location for your money once you start reading about the Terms and Conditions, rules, and other things.
Overview
Broker status: | Offshore Broker |
Regulated by: | No Regulation (Illegal Broker) |
Scammers Websites: | fxlivecapital.com |
Blacklisted as a Scam by | N/A |
Owned by: | FX Live Capital LLC |
Headquarters Country: | Saint Vincent and the Grenadines |
Foundation year: | 2020 |
Supported Platforms: | MT4 |
Minimum Deposit: | $100 |
Cryptocurrencies: | Available – BTC, ETH, XRP |
Types of Assets: | Forex, indices, commodities, crypto, shares |
Maximum Leverage: | 1:500 |
Free Demo Account: | No |
Accepts US clients: | US traders are accepted |
Is FX Live Capital Regulated?
Absolutely untrue, as the broker operates anonymously out of the offshore fraud haven of St. Vincent and the Grenadines and has no licensing elsewhere (SVG). Choose from reputable brokers, such as those permitted to conduct business in the EU, instead.
Additionally, we have no idea who manages FX Live Capital. Other than a PO box in the SVG, the broker doesn’t give us any corporate or contact information.
FXLiveCapital is listed as an “LLC with the number 25735 BC 2020” in the disclaimer, while the regulatory section notes that the registration number is really “884 LLC 2021.” Mismatch of fundamental information, then. Additionally, despite the fact that the website section is titled Regulations, we haven’t found any information on FXLiveCapital’s regulations.
Warnings From Financial Regulators
Finding out about their certification should always be the first and most crucial step when looking for brokers to use for your trading operations (s). This will reveal if FX Live Capital is an offshore and/or uncontrolled firm or whether they are subject to centralized regulation.
When a broker is unregulated or is regulated by a body that is not in your country, you have little to no legal remedy if your money is stolen. If there is theft, complaints can only be filed if the broker has a license from the regulatory body in your country.
Is FX Live Capital Can Be Trusted?
After conducting deep research, we can strictly say that this platform cannot be trusted. They don’t have the proper regulation, no proper information and also have some other problems which we will discuss further.
What kind of currency pair do they offer?
The trading instruments that FXLiveCapital provides are as follows :
- Forex (currency pairs).
- Basic goods.
- Indicators
- Stocks.
- Bitcoin.
Customer Support
FX Live Capital does not provide any kind of direct customer support service. They have a live chat option, but that does not work properly. They have an email address mentioned on the website, but if you send an email to that, you will not get any reply. That is a pure indication of a scam website.
Trading Method (MT4 or MT5)
The broker employs the well-known MetaTrader4 (MT4), although testing was not possible due to the lack of demo accounts. And in light of all the problems with FX Live Capital mentioned above, it would be best if we advised you to choose an actual broker who supports MetaTrader4 instead.
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What Do Traders Think Of FX Live Capital Broker?
After doing some research on social media sites (such as Facebook, Twitter, and Instagram) and online trading forums, a common theme regarding users’ dissatisfaction with FX Live Capital emerged. Since FX Live Capital does not seem to be a reliable broker based on this user feedback, extreme caution should be exercised before making an investment through their brokerage platform.
What To Do If You Get Scammed?
Don’t be upset if you had financial losses with FX Live Capital. There have been others before you, and there probably will be more. Even the most diligent investors occasionally make mistakes, which should be viewed as a teaching opportunity. Just submit a report to us. We will provide you with a free consultation to get back your lost funds.
File A Complaint Against Scam Broker's
Final Thoughts
There are several instances of withdrawal problems. This company has no issue taking money and vanishing since it isn’t legitimate. That is precisely what they did. Once they have obtained all of your assets by coercion, they will just freeze your account and prevent access to your money.
