Up until you realize that FXLiveCapital is just another offshore scam, the broker appears great. We have a thorough FXLiveCapital review for everyone who has already bought into the tale or is thinking about investing.
Be careful to read everything and educate yourself before disbursing any cash!
Is FXLiveCapital Broker a Licensed Broker?
Saint Vincent and the Grenadines-based FXLIVECAPITAL LLC owns the broker FXLiveCapital. If you look at the disclaimer and FXLiveCapital Regulations area, you will discover two separate registration numbers. It caused us to initially doubt the broker’s reliability.
Despite the fact that FXLiveCapital is registered with the SVG FSA, this agency plainly required investment businesses to choose local regulations. Sadly, FXLiveCapital skipped over this step. The FCA, ASIC, BaFin, or any other supplier of Tier1 licenses do not control it.
Why Should Not You Trust an Unlicensed Broker?
The issue with offshore zones like SVG is that they don’t have any special rules for forex operations; instead, the local government just registers them as International Business Companies (IBCs), and that’s it. There is neither a licensing system nor a body in charge of monitoring their operations.
As a result, several businesses like FXLiveCapital opened offices there and ran their businesses without any issues. They may act whatever they choose because there is no financial regulation, and they frequently participate in investment fraud schemes. The worst aspect is that it would be almost hard to get your money back if an offshore broker scammed you, and most con artists get away with it.
Is FXLiveCapital Broker Can Be Trusted?
No. With FXLiveCapital, which has all the signs of being a scam, you can be sure that you will end up losing money rather than making any. Better choose from trustworthy and legitimate brokers, such as those who are licensed in the UK, as you will actually have a chance of making money with one of those.
Warnings From Financial Regulators
FXLiveCapital is completely unlicensed. Furthermore, if they are unregulated, they have no business offering customers any form of financial services.
But given that they tend to target less knowledgeable traders, this does not seem to faze them.
What Do Traders Think Of FX Live Capital Broker?
Despite having a great appearance and asserting that it is a legitimate worldwide broker, FXLiveCapital is not what it seems. Another dodgy investment business that is unregulated and unsupported by any authority. Its primary objective when it was founded in February 2021 was to demand money and then vanish. That’s what’s anticipated to occur shortly.
The FX Live Capital reviews are all negative, thus those who have previously invested there are adamantly opposed to doing so.
Platform Offered by FX Live Capital Broker
We must admit that we were pleased with our decision to use the FXLiveCapital trading platform. In addition to MT5, the broker also provides MT4, the most popular software.
Even while MT4 is a great platform in and of itself, an unregulated brokerage won’t care much about it. There are several charts and indicators, however, the leverage may reach 1:500, putting your money in jeopardy.
Since there is no Demo account, we were unable to check out the site, however, it is true that you shouldn’t invest in an offshore scam.
Country Serving by FX Live Capital Broker
Most complaints about FXLiveCapital originate from the US, Canada, and Singapore. Other nations, like the UK, Sweden, Norway, and others are still at risk, so you should be well informed of the FX Live Capital fraud and steer clear of it at all costs.
FX Live Capital Broker Range of Trading Markets
When it comes to the trading instruments it offers, FX Live Capital is a little unclear to us. Customers supposedly get access to all significant markets, including: currency pairings, commodities, indices, shares, and cryptocurrencies, according to a banner.
Nevertheless, bonds, commodities, indexes, and currency pairings are included in the list of assets. Without a Demo, we cannot authenticate the specific offer, but it demonstrates how unconcerned the corporation is with its own business.
Minimum Deposit and Withdrawal Terms of FX Live Capital Broker
The broker specifies a $100 minimum deposit, which is about normal for the industry.
FXLiveCapital, a shady and unlicensed supplier of Forex and CFD trading, is making withdrawals difficult. Numerous customers are complaining that their access to their accounts is stopped or suspended once they seek to make a payment request.
Your money is at danger if you invest with this company since none of the victims have received any money.
Ways to Make a Deposit
The website of FX Live Capital had nothing about this that we could locate. In any event, it’s recommended that you fund your forex trading account with any broker using a credit card. Because you may request a chargeback if you become a victim of fraud.
Victim of FXLiveCapital Broker Scam? Report Your Story To Us.
In a nutshell, FXLiveCapital is a fraud and an unlicensed investment agency. You will lose every penny you invest on this shady platform. Don’t go near it.
Please let us know if FXLiveCapital has conned you. Send us a report. Our expert will get in touch with you to provide you the necessary advice and suggest options for money recovery.
