FXLiveCapital Review

Category: Reviews | Author: Trading Brokers | Date: October 7, 2023

FXLiveCapital, a well-established name in the trading arena, boldly claims to empower traders with a wide array of financial services. In this comprehensive review, our primary goal is to peel back the layers of marketing hype and unveil the actual merits of FXLiveCapital. We intend to provide a well-rounded assessment that encompasses every aspect of this broker’s services, reliability, and overall performance. Beyond the flashy promotional material, our mission is to equip you with the knowledge necessary to make informed decisions in an industry where trust and credibility are paramount. Join us on this illuminating journey as we meticulously examine FXLiveCapital, aiming to distinguish the reality from the sales pitch and reveal the true nature of this broker’s operations.

Pros & Cons

  • Traders can benefit from competitive pricing at FXLiveCapital, with tight spreads and flexible trading conditions
  • The broker offers MetaTrader 4 (MT4), known for their advanced features and user-friendly interfaces
  • FXLiveCapital provides access to a diverse range of trading markets
  • FXLiveCapital goes beyond trading by offering educational resources
  • The regulatory authority overseeing FXLiveCapital, the MWALI International Services Authority, is relatively less established and might not have the reputation of more established regulatory bodies
  • While the broker offers a range of account types, some traders might seek even more specialized options that are not available
  • Traders should be aware that third-party fees may apply to withdrawals
  • FXLiveCapital offers a selection of over 60 forex pairs, which is competitive but may fall short of the offerings provided by some other brokers

Summary

FXLiveCapital Review

FXLiveCapital Review

FXLiveCapital, a prominent global online broker, extends its trading services across a spectrum of financial markets, encompassing foreign exchange, spot metals, and contracts for difference (CFDs) on indices, energies, and commodities. With an unwavering commitment to fostering a high-quality and transparent trading environment, FXLiveCapital offers competitive pricing, swift execution, and adaptable trading conditions tailored to its clients’ needs.

Operating under distinct regulatory jurisdictions to align with the preferences and locations of its diverse clientele, FXLiveCapital is registered as an International Business Company in St. Vincent & the Grenadines and is authorized and regulated by the MWALI International Services Authority in the Comoros Islands. This enables the broker to provide clients with high leverage and flexible trading conditions, although it’s essential to note that local regulatory oversight or investor protection schemes are not applicable.

To elevate the trading experience, FXLiveCapital offers a rich suite of platforms and tools. Traders gain access to industry-standard MetaTrader 4 (MT4), available for both desktop and mobile devices. These platforms boast user-friendly interfaces, advanced charting and analysis tools, automated trading capabilities, and a thriving community of developers and users. Complementing this, the broker provides an array of technical analysis software, economic calendars, and real-time market news, equipping traders with essential insights to make informed decisions and stay abreast of market dynamics.

In its pursuit of trader empowerment, FXLiveCapital provides an array of educational resources, including webinars, video tutorials, and e-books, spanning topics such as fundamental and technical analysis, risk management, and trading strategies. Furthermore, the broker assigns personal account managers to offer clients valuable support and guidance throughout their trading journeys.

FXLiveCapital caters to diverse trading preferences by offering four distinct account types: FXLC_Zero Commission, FXLC_PRO-ECN, FXLC_VIP, and FXLC_SYNTHETICS. Each account type presents unique features and benefits, allowing traders to align their choices with their specific trading style, budget, and goals. Additionally, flexible bonus offerings enhance trading capital, providing an extra edge to traders.

Facilitating seamless financial transactions, FXLiveCapital offers a range of payment methods for deposits and withdrawals, encompassing credit cards, debit cards, bank transfers, and e-wallets like Skrill and Neteller. Notably, the broker refrains from imposing any fees for deposits or withdrawals, although third-party fees may be applicable based on the chosen payment method. The emphasis on prompt fund processing ensures that withdrawal requests are typically fulfilled within a single business day.

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Regulations

FXLiveCapital is registered in St. Vincent & the Grenadines as an International Business Company with the registration number 884 LLC 2021. This means that the broker is not subject to any local regulatory oversight or supervision, and can offer high leverage and flexible trading conditions to its clients. However, this also implies that the broker does not provide any investor protection or compensation schemes in case of insolvency or misconduct.

FxLiveCapital Ltd is authorized and regulated by the MWALI International Services Authority (IBC Regulation ACT 2014 License Number: T2023271). This is a regulatory body that oversees the activities of international business companies in the Comoros Islands, a small African nation in the Indian Ocean. The MWALI International Services Authority aims to ensure that its regulated entities comply with the international standards of anti-money laundering, counter-terrorism financing, and consumer protection. However, the authority does not have a strong reputation or track record in the financial industry, and its regulatory framework is not very transparent or comprehensive.

The objects of the company are all subject matters not forbidden by the International Business Companies (Amendment and Consolidation) Act, Chapter 149 of the Revised Laws of Saint Vincent and the Grenadines, 2009, in particular, but not exclusively all commercial, financial, lending, borrowing, trading, service activities and the participation in other enterprises as well as to provide brokerage, training and managed account services in currencies, commodities, indexes, CFDs and leveraged financial instruments. This means that the broker can offer a wide range of products and services to its clients, as long as they are not prohibited by the law of St. Vincent and the Grenadines. However, this also means that the broker is not bound by any specific rules or regulations regarding its trading operations, such as minimum capital requirements, segregation of client funds, or execution quality. For alternative options with a stronger regulatory footing, please consider exploring our list of regulated brokers.

Platforms and Tools

FXLiveCapital offers a diverse set of platforms and tools to enrich the trading experience for its clients. The broker grants access to the industry-standard MetaTrader 4 (MT4) platform, accessible on both desktop and mobile devices.

MT4 Platform

MT4 Platform

MetaTrader 4 is a globally renowned platform trusted by traders worldwide. It features a user-friendly interface, advanced charting and analysis tools, and automated trading capabilities, and boasts a thriving community of developers and users. This platform supports multiple languages. Furthermore, they offer an extensive array of indicators, expert advisors, and scripts, while also providing traders with the ability to delve into market depth, review their trading history, and personalize their trading environment.

Beyond these platforms, FXLiveCapital equips traders with a suite of invaluable tools for informed decision-making and staying abreast of market movements, including:

  • Economic Calendar: This tool is indispensable for traders, displaying upcoming economic events and their anticipated market impact. It enables traders to make informed decisions by staying aware of critical economic developments.
  • Technical Analysis Software: FXLiveCapital equips traders with technical analysis software that allows them to apply various technical indicators, oscillators, and drawing tools to their charts. Additionally, traders can backtest and optimize their trading strategies, refining their approaches over time.
  • Real-Time Market News: Keeping traders informed of the latest developments and trends in the financial industry, this tool is crucial for adapting to changing market conditions and making timely adjustments to trading strategies.

Education

FXLiveCapital stands out as a broker deeply committed to supporting traders in their quest for knowledge and skill enhancement. A wealth of educational resources is at traders’ disposal, including:

  • Webinars: These engaging sessions, led by expert traders and analysts, are available in both live and recorded formats. Webinars cover a wide range of trading subjects, from market trends and trading psychology to indicators and more. Participants have the opportunity to interact, pose questions, and receive valuable feedback from the presenters, fostering an interactive and informative learning environment.
  • Video Tutorials: For those new to trading, FXLiveCapital offers concise and informative video tutorials. These videos demystify the essentials of trading, from navigating platforms and placing orders to risk management and the application of diverse trading techniques. Designed to simplify the fundamentals of trading, video tutorials serve as an ideal starting point for beginners seeking a straightforward and approachable learning experience.
  • E-books: Catering to intermediate and advanced traders, FXLiveCapital provides a library of comprehensive digital books. These e-books delve deep into various trading topics, spanning fundamental and technical analysis, risk management, trading strategies, and more. They serve as invaluable resources for traders eager to expand their knowledge and refine their skills, offering in-depth insights and strategies to enhance their trading prowess.

Markets

FXLiveCapital distinguishes itself as a broker that provides a diverse array of trading opportunities across an extensive range of financial instruments, encompassing foreign exchange, spot metals, and contracts for difference (CFDs) on indices, energies, and commodities. Within this expansive offering, traders can explore over 60 currency pairs, comprising majors, minors, and exotics, all boasting competitive spreads and a robust liquidity pool. Let us take a closer look at the intricacies of the markets FXLiveCapital has to offer.

  • Forex: FXLiveCapital offers razor-sharp spreads, starting as low as 0.1 pips on major currency pairs like EUR/USD, GBP/USD, and USD/JPY. Traders benefit from the flexibility of leverage, extending up to an impressive 500:1, enabling control of larger positions with limited capital. The broker supports a variety of order types, including market, limit, stop, and trailing stop orders, facilitating versatile trading strategies like hedging and scalping.
  • Spot Metals: For those interested in precious metals, FXLiveCapital offers spot gold and silver trading, denominated in US dollars or other major currencies. With remarkably tight spreads, starting at just 0.2 pips on spot gold and 0.3 pips on spot silver, traders can navigate these markets with cost-efficiency. The broker extends leverage up to 500:1 on spot metals, alongside the availability of swap-free accounts catering to Islamic traders.
  • CFDs: FXLiveCapital’s CFD offerings encompass indices, energies, and commodities. Traders can access major indices like S&P 500, Dow Jones, and Nasdaq 100 with spreads as low as 0.5 pips. The broker also presents low spreads from 0.6 pips on energy CFDs such as crude oil and natural gas, and from 0.7 pips on commodities including wheat, corn, and soybeans. Leveraging up to 500:1 is available on CFDs, with no commissions or concealed fees, ensuring transparency and cost-effectiveness in trading.

Accounts

FXLiveCapital goes above and beyond in demonstrating its steadfast commitment to clients by providing a comprehensive selection of account types. These accounts are meticulously designed to accommodate a wide spectrum of trading styles, ensuring a personalized and rewarding trading experience for all. Now, let us embark on an insightful journey as we delve into the various account types offered by FXLiveCapital, each crafted to cater to your unique trading goals and requirements.

  • FXLC_Zero Commission: Ideal for cost-conscious traders seeking fast execution, this account boasts zero commission trading on all instruments, with competitive spreads from 0.8 pips. A minimum deposit of $100 grants access to leverage up to 500:1, with a minimum trade size of 0.01 lot. Enjoy a margin call/stop-out level at 100%/80% in USD, while also benefiting from a personal account manager and flexible bonus options.
  • FXLC_PRO-ECN: Designed for traders valuing transparent and fair pricing, this account offers access to the electronic communication network (ECN). Benefit from low spreads starting at 0.1 pips and a small commission from $3 per lot. Begin trading with a minimum deposit of $2000, leverage up to 500:1, and a minimum trade size of 0.01 lot. Experience a margin call/stop-out level at 100%/80% in USD, along with the support of a personal account manager and flexible bonus choices.
  • FXLC_VIP: Tailored for VIP traders with high-frequency, high-volume trading needs, this account mirrors the FXLC_PRO-ECN features but offers lower commissions starting from $2 per lot. VIP privileges include priority support, exclusive promotions, and VIP event invitations. The account requires a minimum deposit of $20000, provides leverage up to 500:1, and maintains a minimum trade size of 0.01 lot. Enjoy a margin call/stop-out level at 100%/80% in USD, accompanied by the support of a personal account manager and flexible bonus offerings.
  • FXLC_SYNTHETICS: For diversification enthusiasts seeking new trading opportunities, the FXLC_SYNTHETICS account introduces trading in synthetic instruments, crafted by merging two or more assets into one. Benefit from zero commission trading on synthetic instruments, featuring spreads from 0.1 pips. Start trading with no minimum deposit requirement and leverage up to 500:1. Trade with a minimum lot size of 0.1 and maintain a margin call/stop-out level at 100%/80% in USD. Enjoy the support of a personal account manager and flexible bonus choices.

Funding

FXLiveCapital offers a spectrum of convenient payment methods for both depositing and withdrawing funds, ensuring a seamless financial experience for traders. These methods encompass credit cards, debit cards, secure bank transfers, and swift e-wallet options like Skrill and Neteller. It’s noteworthy that FXLiveCapital refrains from levying any fees for deposits or withdrawals; however, depending on the chosen payment method, third-party fees may be applicable. Rest assured, funds are processed promptly, and withdrawal requests are typically fulfilled within a single business day.

  • Credit/Debit Cards: These trusted and secure payment options empower traders to instantly fund their accounts using Visa or Mastercard cards. The broker accommodates payments in various currencies, including USD, EUR, GBP, and AUD. The minimum deposit amount stands at $100, while the maximum per transaction reaches $5000. Withdrawals can be initiated with a minimum of $50 and a maximum of $10000 per transaction.
  • Bank Transfers: For a reliable and secure deposit method, bank transfers facilitate direct funding from your bank account. FXLiveCapital accepts payments in multiple currencies, such as USD, EUR, GBP, and AUD. With no maximum deposit limit, this method ensures flexibility. Withdrawals require a minimum of $100 and come with unlimited maximum withdrawal capabilities. However, it’s important to note that bank transfers may take up to 5 business days to process and could incur additional fees from the banks involved.
  • E-Wallets: Speedy and convenient e-wallet options like Skrill and Neteller enable traders to fund their accounts seamlessly using online payment services. Currencies such as USD, EUR, GBP, and AUD are accepted. With a minimum deposit requirement of $100 and a maximum of $10000 per transaction, e-wallets offer flexibility. Withdrawals, with a minimum of $50 and a maximum of $10000 per transaction, are typically processed within 24 hours. Please be aware that e-wallets may charge a nominal fee for their services.

Conclusion

In conclusion, our review of FXLiveCapital underscores the broker’s commitment to delivering a dynamic and versatile trading environment. With a robust range of financial instruments, cutting-edge trading platforms, educational resources, and flexible account types, FXLiveCapital empowers traders to navigate the ever-evolving markets with confidence and precision. While the absence of local regulatory oversight necessitates careful consideration, the broker’s dedication to transparency, competitive pricing, and prompt fund processing is evident. Nevertheless, it’s essential to highlight that although FXLiveCapital boasts robust features, there are alternative brokers with more extensive track records that could be worth exploring. To broaden your range of options, we recommend perusing our comprehensive trading broker reviews.

FXLiveCapital Logo

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FXLiveCapital is a global online broker that offers trading services in various financial markets, such as foreign exchange, spot metals, and contracts for difference (CFDs) on indices, energies, and commodities. The broker operates under offshore jurisdictions that have minimal or no regulatory oversight or supervision, and provides access to the popular MetaTrader 4 platform, as well as a range of tools and educational resources.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.


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