LiveTrading is a forex broker that has been the subject of many complaints and accusations of being a scam. The company does not have any legitimate regulatory licenses, and there is no evidence that it is a legitimate brokerage firm.
Company Overview
LiveTrading claims to be a leading forex broker that offers a wide range of trading services to its clients. However, the company’s website is very vague about its terms and conditions, and there is no way to verify any of the information that is presented.
Their website actually does not show anything about their company details, any information about their contact, headquarter, etc. We found all of the information from several online sources and forums.
Team
The team at LiveTrading is not listed on the company’s website. Any legitimate brokers should always disclose the names and qualifications of their employees. But in their case, they are not willing to disclose any information about their team and management.
Services or Products
LiveTrading claims to offer a variety of trading services, including forex trading, CFD trading, and binary options trading. However, there is no way to verify that these services are actually available.
License and Regulations
LiveTrading does not have any legitimate regulatory licenses. The company claims to be regulated by the Financial Services Authority (FSA) of Seychelles, but this is not true. The FSA has never issued a license to LiveTrading.
Why Dealing With An Unlicensed Broker Is Risky?
Dealing with an unlicensed broker is very risky. Unlicensed brokers are not subject to any regulatory oversight, which means that they can operate with impunity. They can engage in fraudulent practices, such as refusing to pay out withdrawals or manipulating prices to their own advantage.
Legal Warning Against LiveTrading
The Financial Conduct Authority (FCA) of the United Kingdom has issued a warning against LiveTrading. The FCA has warned that LiveTrading is not a legitimate brokerage firm and that it is likely to be a scam.
You also can go through our other scammer lists such as the SEC Blacklisted Companies, FCA Unauthorised Firms List, ASIC Blacklisted Companies, & Bank Guarantee/SBLC Review.
Client Feedback
There are many complaints about LiveTrading online. Some clients have reported that they were unable to withdraw their funds from the company, while others have said that they were not able to get in touch with customer support.
Feedback About Their Trading
There is no way to verify the trading performance of LiveTrading. The company does not publish any audited financial statements, and there is no way to know if the trading results that are advertised are real.
Feedback About Their Customer Service
Customer service at LiveTrading is reportedly very poor. Clients have reported that they have had difficulty getting in touch with customer support and that the representatives whom they have spoken to have been unhelpful.
How Can “Reviews Advice” Help You If You Get Scammed?
If you have been scammed by LiveTrading, you can contact Reviews Advice for help. Reviewsadvice is a company that specializes in helping people who have been scammed by forex brokers. They can help you to recover your funds and to get justice.
After you submit your case through their online form, they will evaluate your case and will schedule a free consultation call. During the call, they will provide you with some guidance on how to recover the money on the basis of your case. Then they will provide you with some recovery service recommendations that will help you in recovering the lost funds.
Final Thought
LiveTrading is a scam broker that should be avoided. If you are considering trading with this company, please do your research and be aware of the risks involved. Before making any decision in the future, you can check our list of scammer brokers, so that your next broker will not come out as a scammer.
