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No Regulation
Score
1.08 /10
Danger
Livaxxen
Within 1 yearSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
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Comparison
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Exposure
Open Account
Website
Score
Regulatory Index0.00
Business Index3.67
Risk Management Index0.00
Software Index4.00
License Index0.00
Open Account
Website
Licenses
No valid regulatory information, please be aware of the risk
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
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Warning: Low score, please stay away!
2
Previous Detection :
2024-09-21
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- The current information shows that this broker does not have a trading software. Please be aware!
WikiFX Verification
Registered in New Zealand, Livaxxen is an unregulated broker that claims to offer various account types with $500 minimum deposit requirement and leverage up to 1:400 via a Web trader and their proprietary Livaxxen app.
Pros and Cons
| Pros | Cons |
| Various account types | Not regulated |
| Easy-use trading platform | High account fees |
| Commission free | Only support English |
| Low minimum deposit ($50) | High minimum deposit requirement for opening a live account ($500) |
Is Livaxxen Legit?
Livaxxen is operated by Investim Capital LTD in New Zealand, regulated under M.I.S.A. with business registration number HA00224741 and with license number: BFX2024039. There is no information about it on FMA.
What Can I Trade on Livaxxen?
Livaxxen offers over 900 instruments, including more than 60 currency pairs, 20 commodities, 15 indices, and 150 stocks.
| Tradable Instruments | Supported |
| Currencies | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Stocks | ✔ |
| Metals | ❌ |
| Options | ❌ |
Account Type & Leverage
Livaxxen offers 6 account types: Beginner, Standard, Premium, Premium+, Platinum and VIP account. It also gives Islamic accounts for the first three account types.
The Beginner account is the best choice for beginners.
The Standard account is intended for intermediate traders who require supplementary tools and revisions.
The Premium and Premium+ accounts are suitable for sophisticated traders.
The VIP accounts are fit for experienced traders, while platinum accounts are designed for high-frequency traders.
| Account Type | Minimum Deposit | Leverage |
| Beginner | $500 | 1:400 |
| Standard | $5,000 | |
| Premium | $50,000 | |
| Premium+ | $100,000 | |
| Platinum | $200,000 | |
| VIP | $1,000,000 |
Livaxxen Fees (Spreads & Commissions)
Livaxxen doesn't openly reveal any info on spreads on the website. As for the commissions, it claims to offer commission-free trading for popular indices, while unknown low commissions for other trading instruments.
Trading Platforms
| Trading Platform | Supported | Available Devices | Suitable for |
| Livaxxen app | ✔ | Mobile, MacOS, Linux | Frequently used customers |
| Web trader | ✔ | Web | All customers |
Deposit and Withdrawal
Unlike other transparent brokers, there is no section for deposits and withdrawals in Livaxxen's navigation bar. Instead, the relevant information is only disclosed in the FAQ section at the bottom of the Home of the official website, including credit/debit card and wire transfer, while additional funding options can only be found on the deposit page. The minimum deposit requirement is $50.
Customer Service
| Contact Options | Details |
| Phone | +6498011909 |
| customersupport@livaxxen.com | |
| Support Ticket System | ❌ |
| Online Chat | 7/24 |
| Social Media | Facebook, Twitter, LinkedIn, YouTube |
| Supported Language | English |
| Website Language | English |
| Physical Address | 171 Featherston Street, Wellington 6011, New Zealand |
The Bottom Line
In conclusion, Livaxxen offers many services to meet the different needs of clients on all levels, for example, the various trading account types and assets, which fostering the development of investment diversification. However, the high minimum deposit requirement for opening a live account ($500) may hinder the trader's advancement.
FAQs
Is Livaxxen good for beginners?
This broker is not fit for beginners, as it lacks regulation and high minimum deposit requirement for opening a live account ($500).
Is there any regional restrictions atLivaxxen?
Yes. Livaxxen does not allow to provide services to OFAC Comprehensively Sanctioned Countries citizens and to US citizens.
What kind of trading platform does Livaxxen offer?
Livaxxen offers Mobile Trader, macOS Trader, Linux Trader.
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