Forexlive-24

General Information

Forexlive-24 is allegedly a broker based in the USA that provides its clients with flexible leverage up to 1:500, floating and fixed spreads on a diverse variety of tradable assets, as well as a choice of three different account types.

Market Instruments

Forexlive-24 advertises that it mainly offers five different asset classes in financial markets, including forex currency pairs, metals like gold and silver, energies, indices and cryptocurrencies.

Account Types

There are three live trading accounts offered by Forexlive-24, namely Micro, Pro and ECN. Opening a Micro or ECN account requires the minimum initial deposit amount of $100, while the Pro account with a much higher minimum initial capital requirement of $500.

Leverage

Traders holding different account types can enjoy different maximum leverage ratios. Clients on the Micro account can enjoy up to 1:500 for currencies, 1:200 for metals, 1:50 for indices and1:2 for cryptocurrencies; while the Pro account can experience up to 1:200 for currencies, 1:100 for metals and energies, 1:50 for indices and 1:2 for cryptocurrencies, and the ECN account with the leverage of up to 1:500 for currencies and 1:200 for metals. Bear in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage.

Spreads

Spreads are influenced by what type of accounts traders are holding. Forexlive-24 reveals that the clients on the Micro account can experience floating spreads starting from 0.4 pips and fixed spreads starting at 2 pips; while the spread on the Pro account is floating from 0.2 pips and the ECN account with the lowest floating spreads from only 0 pips.

Deposit & Withdrawal

The minimum deposit requirement is $100, yet we cant find any specific information about the deposit and withdrawal payment methods on the Internet.

Customer Support

Forexlive-24‘s customer support can only be reached by email: SUPPORT@FOREXLIVE-24.COM. Company address: 2030-Franklin-St-Oakland-CA 94501. However, this broker doesn’t disclose other more direct contact information like the telephone numbers that most brokers offer.