Tradelivefx

Note: Tradelivefx is to operate via the website - https://tradelivefx.com/, which is currently not yet functional and no information about the company was immediately available. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

General Information & Regulation

Tradelivefx, a trading name of Tradelivefx limited, is allegedly a forex broker registered in Saint Vincent and the Grenadines that claims to provide its clients with various tradable financial instruments with leverage up to 1:200 and floating spreads from 0.8 pips on the web-based trading platform via three different live account types.

As for regulation, it has been verified that Tradelivefx currently has no valid regulation. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.30/10. Please be aware of the risk.

Market Instruments

Tradelivefx advertises that it offers access to a wide range of trading instruments in financial markets, including forex, cryptocurrencies, indices, commodities and stocks.

Account Types

Tradelivefx claims to offer three types of trading accounts - Trader, Expert and VIP, with minimum initial deposit requirements of $250, $5,000 and $50,000 respectively. In comparison, licensed brokers allow setting up a starter account with a minimum deposit of $100 or even less.

Leverage

The leverage provided by Tradelivefx is up to 1:200. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Spreads

All spreads with Tradelivefx are a floating type and scaled with the accounts offered. For example, the spread starts from 1 pip on the Trader account, while from 0.8 pips on the Expert account. However, as tested on its web-based platform, we calculated the spread to be 3.8 pips which is too wide and quite above the industry average of 1.5 pips.

Trading Platform Available

Instead of the world's most advanced and popularly-used MT4 and MT5 platforms, Tradelivefx gives traders a Webtrader. Whatever, it is advised for traders, especially for beginners to choose brokers who offer the leading MT4 and MT5 trading platforms, which are highly praised by traders and brokers alike due to their ease of use and great functionality. The MT4 and MT5 offer top-notch charting and flexible customization options. They are especially popular for their automated trading bots, a.k.a. Expert Advisors.

Deposit & Withdrawal

Tradelivefx says to work with wire transfers and credit cards. The minimum initial deposit requirement is said to be $250, while the minimum withdrawal amount depends on the payment method. For withdrawals made via wire transfers, it is $500, and via credit cards, $100. For the holders of the Expert and VIP accounts, there are no fees for bank wire. The holders of the Trader account will have to pay those fees, though.

Bonuses

Similarly to other unlicensed brokers, Tradelivefx also offers bonuses to its clients. There is the Welcome bonus which is credited for 7 calendar days within which the trader must trade 15 times the first deposit amount to be eligible to withdraw the bonus money. For the trading bonus, traders are required to execute a minimum trading volume equal to 25 times the sum of the bonus and deposit amount.

In any case, you should be very cautious if you receive a bonus. Bonuses aren't client funds, they're company funds, and fulfilling the heavy requirements that are usually attached to them can prove a very daunting and difficult task. Note that brokers are prohibited from using bonuses and promotions by all leading regulators.

Customer Support

Tradelivefxs customer support can be reached by telephone: +56 225830225, +52 5541696159, email: Support@tradelivefx.com. Company address: Get Financial LTD, Methodist Building Granby Street, Kingstown, St. Vincent & the Grenadines.

Pros & Cons

Frequently Asked Questions (FAQs)