Is Livermore-Trading Legit or Scam?
If you’re considering trading with Livermore-Trading, it’s crucial to understand that there are strong red flags suggesting it’s a scam. This article will delve into the details of Livermore Trading and why you should avoid it.
Company Overview
Feature | Livermore-Trading |
Regulation | Unregulated |
Minimum Deposit | €250 |
Leverage | Up to 10:1 |
Spreads | From 0.4 Pips |
Payment Methods | Crypto, Credit Cards |
Customer Support | Limited |
Services or Products
Livermore-Trading.com offers trading in forex, stocks, indices, commodities, and cryptocurrencies. However, there’s no evidence that these trades are genuine. They claim to provide a web-based trading platform, but it lacks the advanced features of industry-standard platforms like MetaTrader 4 and MetaTrader 5.
If you have lost money to companies like Pixpalpro or Capitalix; please report it to us on our report a scam From
Trading Platform & Leverages
The platform offers basic order placement, chart customization, and some technical indicators. However, it lacks:
- Advanced tools: Like automated trading or custom indicators.
- Mobile app: For trading on the go.
- Transparency: Information about commissions and fees is absent.
The offered leverage of 10:1 is lower than what most regulated brokers offer, which could be a tactic to appear less risky. However, dealing with an unlicensed broker eliminates any leverage protection.
Spreads and Cost of Trading
Livermore-Trading advertises low spreads of 0.4 Pips, but without transparency about commissions and fees, the true cost of trading remains unknown. Additionally, the lack of regulation means there’s no guarantee these spreads are accurate or consistent.
License and Regulations
Livermore-Trading is not regulated by any reputable financial authority. This is a major red flag, as regulated brokers are subject to strict oversight and client protection measures. The lack of regulation means:
- No guarantee of the safety of your funds: There’s no segregation of client funds, increasing the risk of them being misused.
- No negative balance protection: You could lose more than your deposited amount.
- No recourse in case of disputes: You have limited legal options if something goes wrong.
Legal Warning Against Livermore-Trading
The Spanish financial regulator, CNMV, has issued a warning against Livermore Trading, stating it’s not authorized to offer financial services in Spain. This further emphasizes the illegitimacy of this broker.
Deposit and Withdrawal Methods
Livermore-Trading primarily accepts deposits through cryptocurrencies and obscure payment processors. This raises concerns as:
- Cryptocurrency transactions are irreversible: Making it difficult to recover your funds if scammed.
- Obscure payment processors lack transparency and security measures.
Withdrawal information is also unclear, with no details on fees, minimum amounts, or processing times. This lack of transparency is another red flag.
Livermore Trading Pros and Cons
Pros | Cons |
None Identified | Unregulated |
None Identified | Lack of transparency |
None Identified | Limited trading platform |
None Identified | High-risk payment methods |
None Identified | Potential for fake trades |
Why Dealing with an Unlicensed Broker is Risky
Dealing with an unlicensed broker like Livermore-Trading exposes you to significant risks:
- Loss of funds: Your funds are not protected, and there’s no guarantee you’ll get them back.
- Fraudulent activity: There’s no oversight to prevent manipulation or scams.
- Unfair trading conditions: Spreads, fees, and leverage could be manipulated to your disadvantage.
- Limited customer support: You may have difficulty getting help if you encounter problems.
Client Feedback
There are limited to no genuine client reviews available for Livermore-Trading. This lack of feedback raises further concerns about its legitimacy.
How Can “Reviewsadvice” Help You If You Get Scammed?
Unfortunately, if you’ve already been scammed by Livermore-Trading, our ability to help is limited. However, we can:
- Provide information and resources: To help you understand your situation and potential options.
- Offer support and guidance: To help you cope with the emotional and financial impact of the scam.
- Warn others: By sharing your experience to prevent others from falling victim. you can report to us today by the below form.
File A Complaint Against Scammers
Final Thought
Avoid Livermore-Trading at all costs. The overwhelming evidence points towards it being a scam, with its lack of regulation, transparency, and concerning practices posing significant risks to your financial well-being.
Instead, opt for regulated brokers with established reputations and clear information about their services and fees. Don’t be lured by promises of guaranteed returns or low spreads from unlicensed platforms like Livermore-Trading. Remember, if something seems too good to be true, it probably is.
