General Information
FxLiveCapital is an established forex and commodities broker catering to retail and institutional clients globally. The company offers a wide range of account options, trading software, and tools. It also provides an array of trading tools, including One-Click Trading, and features like instant fund withdrawals through Auto Transfer. Additionally, clients can benefit from ongoing promotions, free account funding, and participate in performance-based competitions.
A comprehensive overview of FxLiveCapital is summarized in the table below:
Regulation:
Cautionary Warning: It is important to note that Fx Live Capital operates as an unregulated forex broker, implying that customers may not have adequate protection for their investments. This lack of regulatory oversight increases the risk of potential financial losses, as there is no governing authority to hold the company accountable. Investing with an unregulated broker entails a higher likelihood of them escaping with your hard-earned money without any means of recourse. Therefore, it is crucial for investors to exercise extreme caution and consider regulated alternatives that offer robust safeguards for their funds.
Market Instruments:FX Live Capital provides trading services for two primary market instruments: forex and commodities.
Forex (Foreign Exchange): The forex market involves the buying and selling of currencies. Traders can trade major currency pairs such as EUR/USD, GBP/USD, or USD/JPY, as well as numerous cross currency pairs. The forex market operates 24/5 and is the largest financial market globally, offering high liquidity and potential profit opportunities based on currency exchange rate fluctuations.
Commodities: FX Live Capital enables trading in a variety of commodities. This includes precious metals like gold, silver, platinum, and palladium, as well as energy commodities such as crude oil and natural gas. Additionally, traders can engage in agricultural commodity trading, involving products like corn, wheat, soybeans, and coffee. The commodities market is influenced by factors such as supply and demand dynamics, global economic conditions, geopolitical events, and weather patterns.
By offering access to both forex and commodities trading, FX Live Capital provides clients with a diverse range of market instruments to trade, catering to various investment preferences and strategies. Traders can take advantage of market opportunities, employ different trading techniques, and potentially benefit from price movements in these dynamic and globally significant markets.
Account Types:
FxLiveCapital offers three tiered trading accounts to cater to the diverse needs of clients: FXLC_Classic, FXLC_Professional, and FXLC_Zero Commission.
FXLC_Classic: This account provides leverage of up to 1:1200, with raw spreads starting from 1 pip. The minimum trade size is 0.01 lot, and there is no minimum deposit requirement. Traders using the FXLC_Classic account will incur a commission fee of $4 per lot traded.
FXLC_Professional: Traders opting for the FXLC_Professional account can benefit from leverage of up to 1:100. The account offers raw spreads from 0.5 pip, making it suitable for those seeking tighter spreads. Similar to the FXLC_Classic account, there is no minimum deposit requirement, and the minimum trade size is 0.01 lot. Traders using this account will be charged a commission fee of $5 per lot traded.
FXLC_Zero Commission: The FXLC_Zero Commission account offers leverage of up to 1:200, with raw spreads starting from 1.2 pips. As the name suggests, there is no commission fee per lot traded with this account type. The minimum trade size is 0.01 lot, and there is no minimum deposit requirement.
How to Open an Account:
OPEN AN ACCOUNT:
To get started with FxLiveCapital, follow the simple process to open an account:
Account Type Selection: Choose the account type that best suits your trading preferences and needs, such as FXLC_Classic, FXLC_Professional, or FXLC_Zero Commission.
Application Submission: Fill out the application form provided by FxLiveCapital, supplying the required personal and financial information.
Verification: Complete the necessary verification process as requested by FxLiveCapital. This may involve submitting identification documents and proof of address.
Account Approval: Once your application and verification documents are reviewed and approved, you will receive confirmation that your account has been successfully opened.
FUND YOUR ACCOUNT:
After your account is approved, you can proceed to fund your trading account using a wide range of funding methods. FxLiveCapital offers various payment options to accommodate different preferences, including bank transfers, credit/debit cards, and e-wallets. Simply choose the method that suits you best and follow the instructions provided by FxLiveCapital to make a deposit.
TRADE ON MT4:
With your account funded and ready, you can access the MetaTrader 4 (MT4) trading platform offered by FxLiveCapital. MT4 is a renowned and widely used platform known for its robust features, user-friendly interface, and comprehensive charting tools. Through MT4, you can access over 150 instruments across all asset classes, including forex, commodities, indices, and more. Explore the diverse range of trading opportunities available and execute trades with ease and efficiency.
Remember to practice prudent risk management strategies, conduct thorough market analysis, and stay updated with market news and events as you engage in trading on the FxLiveCapital platform.
Leverage:
FxLiveCapital offers different leverage options across its account types to provide flexibility to traders. The leverage options available are as follows:
FXLC_Classic: The maximum trading leverage offered in the FXLC_Classic account is up to 1:1200. This means that for every $1 of available trading capital, traders can potentially control up to $1200 in trading volume.
FXLC_Professional: Traders using the FXLC_Professional account can access leverage up to 1:100. With this leverage, traders can control a larger trading volume relative to their available capital.
FXLC_Zero Commission: The FXLC_Zero Commission account offers leverage up to 1:200. This leverage allows traders to magnify their trading positions, potentially increasing their profit potential.
It's important to note that while leverage can amplify potential profits, it also increases the risk of losses. Traders should carefully consider their risk tolerance and use leverage responsibly in their trading strategies. FxLiveCapital provides varying leverage options to cater to different trading preferences and risk appetites.
Spreads & Commissions:
Spreads and commissions vary across the different trading accounts offered by FxLiveCapital, providing traders with options to suit their trading preferences. Here are the details:
FXLC_Classic: This account offers raw spreads starting from 1 pip. Traders using the FXLC_Classic account are subject to a commission fee of $4 per lot traded. The minimum trade size is 0.01 lot, and there is no minimum deposit requirement.
FXLC_Professional: Traders opting for the FXLC_Professional account can benefit from tighter raw spreads, starting from 0.5 pip. Similar to the FXLC_Classic account, the minimum trade size is 0.01 lot, and there is no minimum deposit requirement. Traders using this account will be charged a commission fee of $5 per lot traded.
FXLC_Zero Commission: The FXLC_Zero Commission account offers a unique feature of zero commission fees per lot traded. The account's raw spreads start from 1.2 pips, allowing traders to have a transparent cost structure. The minimum trade size is 0.01 lot, and there is no minimum deposit requirement.
By providing different account options with varying spreads and commission fees, FxLiveCapital caters to traders' diverse needs and trading strategies. Traders can choose the account type that aligns with their preferred trading conditions, balancing the cost structure and trading costs according to their individual preferences and trading goals.
Deposit & Withdraw:
It is important to note that specific details regarding the deposit and withdrawal procedures for FxLiveCapital have not been provided in the available information. However, FxLiveCapital only accepts digital money for funding, which can raise some suspicion.
When engaging with any broker, it is crucial for investors to have clarity on the deposit and withdrawal processes, including the accepted payment methods, transaction fees, and any associated restrictions. Lack of transparency or limited payment options can indeed be seen as a red flag. To obtain accurate and up-to-date information about FxLiveCapital's deposit and withdrawal procedures, I recommend visiting their official website or contacting their customer support directly.
Furthermore, it is always advisable for investors to conduct thorough research and due diligence when choosing a broker. This includes checking their regulatory status, reading reviews, and seeking advice from trusted sources or financial professionals. Taking these precautions can help ensure that investors select a reputable and reliable broker that aligns with their investment needs and offers secure and transparent deposit and withdrawal processes.
Trading Platforms:
FxLiveCapital offers trading platforms that cater to the diverse needs of traders. Here are the available trading platforms provided by FxLiveCapital:
MT4 Terminal for Desktop: The MT4 Terminal for Desktop is a robust platform that offers interbank liquidity, quick execution, and a user-friendly interface. It provides traders with a well-equipped workspace to analyze market movements, execute trades, and utilize automated programs like Expert Advisors. The platform includes features such as news feeds, multilingual support, daily account statements, trailing stop loss facility, and real-time client account summaries.
FXLive MT4 Android: The FXLive MT4 Android application is designed for mobile traders, providing them with complete control over their trading accounts. Traders can access the financial markets, perform technical analysis, view real-time market prices, and place various types of orders. The Android application ensures secure and confidential trading, allowing traders to set stop-loss and take-profit levels while having a comprehensive overview of their trading history.
FXLive MT4 iPhone and Mac OS: The FXLive MT4 iPhone Trader is specifically designed for iPhone users, offering complete control over trading accounts. Traders can access their accounts and trade on the go with a Wi-Fi or 3G connection. The platform allows setting stop-loss and take-profit levels, accessing trading history, and modifying trades, providing convenience and flexibility for traders.
Customer Support:
Customer Support at FxLiveCapital is available during business hours from Monday to Friday, offering assistance and addressing client inquiries. Traders can reach out to the customer support team via various channels:
Contact Number: While the specific contact number is not mentioned in the provided information, clients can reach customer support through a phone number, which can be obtained from the broker's official website or other communication channels.
Email: Clients can contact customer support by sending an email to support@fxlivecapital.com. This provides a convenient method to communicate with the support team and receive assistance with any trading-related queries or concerns.
Online Contact Form: FxLiveCapital offers an online contact form on their website. Traders can use this form to send a message directly to the customer support team. It allows for quick and efficient communication, enabling clients to convey their inquiries or concerns effectively.
With these customer support options in place, FxLiveCapital aims to provide timely and helpful assistance to its clients. Traders can rely on the support team to address their queries, provide guidance, and offer solutions to any trading-related issues they may encounter.
Summary:
FxLiveCapital offers a diverse range of account types and access to the popular MetaTrader 4 platform. Traders can take advantage of favorable trading conditions, including tight spreads, high leverage options, and the ability to implement various trading strategies. The company also provides useful trading tools and features to enhance the trading experience. Customer support is available during business hours from Monday to Friday. However, it is important to note that there is a lack of regulatory information provided, which may raise concerns about investor protection. Additionally, FxLiveCapital has limited payment options, as they only accept digital currencies for funding, which may not be suitable for traders who prefer traditional payment methods.
Pros:
Diverse Account Types: FxLiveCapital offers a variety of account types to suit different trading preferences and strategies.
Trading Platforms: The company provides access to the popular MetaTrader 4 (MT4) platform, known for its robust features and user-friendly interface.
Trading Conditions: Traders can benefit from tight spreads, high leverage options, and the freedom to employ various trading strategies like scalping and hedging.
Trading Tools: FxLiveCapital offers a range of trading tools and features, including One-Click Trading, to enhance the trading experience.
Customer Support: The company provides customer support during business hours from Monday to Friday, ensuring assistance and addressing client inquiries.
Cons:
Lack of Regulatory Information: The information provided does not specify any regulatory oversight for FxLiveCapital, which may raise concerns about investor protection.
Limited Payment Options: While the initial information states a wide range of funding methods, later information suggests that FxLiveCapital only accepts digital currencies for funding. This limited payment option can be a drawback for traders who prefer traditional payment methods.
It is important for prospective traders to conduct thorough research, verify regulatory compliance, and carefully consider the pros and cons before deciding to engage with FxLiveCapital or any other brokerage firm.
FAQs:
Q:Is FxLiveCapital a regulated broker？
A:Unfortunately, the available information does not specify the regulatory status of FxLiveCapital. It is crucial for traders to verify the broker's regulatory compliance and consider the associated risks before engaging in trading activities.
Q:What trading platforms does FxLiveCapital offer？
A:FxLiveCapital provides access to the popular MetaTrader 4 (MT4) platform for desktop, as well as mobile trading platforms for Android and iPhone devices. These platforms offer advanced charting tools, order execution capabilities, and a user-friendly interface.
Q:What are the account types available at FxLiveCapital？
A:FxLiveCapital offers three account types: FXLC_Classic, FXLC_Professional, and FXLC_Zero Commission. These accounts differ in terms of leverage, spreads, and commission fees, allowing traders to choose the one that aligns with their trading preferences.
Q:What are the minimum trade sizes at FxLiveCapital？
A:The minimum trade size at FxLiveCapital is 0.01 lot across all account types. This allows traders to have flexibility in position sizing according to their risk management strategies.
Q:How can I contact FxLiveCapital's customer support？
A:To reach FxLiveCapital's customer support, you can send an email to support@fxlivecapital.com. Additionally, the website may provide a contact form or a phone number to inquire about any trading-related questions or concerns.
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