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FxLive Traders

Operating status: SCAM

Website: https://fxlivetraders.com/

Broker violations and abnormal records
  • Dec 15, 2022 The UK FCA Added FxLive Traders into Its Warnings

    On 16 Dec 2022, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that FxLive Traders was providing financial services or products in the UK without authorisation. You may visit: https://www.fca.org.uk/news/warnings/fxlive-traders

    On 16 Dec 2022, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that FxLive Traders was providing financial services or products in the UK without authorisation. You may visit: https://www.fca.org.uk/news/warnings/fxlive-traders
  • Dec 18, 2022 BrokersView has Reviewed that FxLive Traders is an Unregulated Forex Broker

    FxLive Traders claims to be registered in the UK. However, we searched Companies House of United Kingdom (CH) and did not find any company named FxLive Traders LTD. That means the broker is not registered in UK. Besides, CH is not a forex regulator. It does not regulate forex brokers or issue forex licenses. Having registration or not, therefore, does not mean being authorized to provide financial services. 

    According to its website, the broker is located in the USA. We searched National Futures Association (NFA) of the United States but found no matching results. And there was no financial reports of this company in U.S. Commodity Futures Trading Commission (CFTC). All in all, this broker is not regulated in the USA. 

    Moreover, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that FxLive Traders was providing financial services or products in the UK without authorisation.

    The truth is that FxLive Traders is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.

    FxLive Traders claims to be registered in the UK. However, we searched Companies House of United Kingdom (CH) and did not find any company named FxLive Traders LTD. That means the broker is not registered in UK. Besides, CH is not a forex regulator. It does not regulate forex brokers or issue forex licenses. Having registration or not, therefore, does not mean being authorized to provide financial services. According to its website, the broker is located in the USA. We searched National Futures Association (NFA) of the United States but found no matching results. And there was no financial reports of this company in U.S. Commodity Futures Trading Commission (CFTC). All in all, this broker is not regulated in the USA. Moreover, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that FxLive Traders was providing financial services or products in the UK without authorisation.The truth is that FxLive Traders is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.

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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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