Risk Management Index
Most visited countries/areas
The data are from WIKI Research 2021.04.22 updated
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Basic Information & Regulation
Live Traders claims to be created by a group of professional traders with market knowledge and experience to help investors trade better through different strategies and techniques.
Safety Analysis of Live Traders
Live Traders is currently an unregulated broker, which means that the safety of user funds and trading activities are not protected in any way. In addition, Live Traders has a large number of negative comments on this platform, so it is best for investors to stay away from Live Traders as a trader.
Market Instruments of Live Traders
Live Traders offers investors three asset classes, which are Forex, options, and stocks, which is a smaller variety compared to other brokers who can provide a wide range of trading assets.
Accounts & Leverage
Live Traders offers investors maximum trading leverage of up to 1:1000, which is much higher than the usual standard, and investors should be aware that high leverage means high risk.
Live Trading Room of Live Traders
Live Traders' official website shows that Live Traders has set up live trading rooms at different trading sessions. The trading room focuses on providing real trades with entries, stops, and targets. After the market opens, analysts start looking for favorable opportunities and start trading them. Next, they set up trading aids and manage open positions, which continues until noon, when they open up space for “members to chat, share ideas and interact.” The concept seems excellent and meets the needs of most newcomers, but the provider does not show any examples or videos of the real trading room.
Deposit and Withdrawal
Live Traders offers investors various deposit and withdrawal options, mainly American Express, Discover, MasterCard, Paypal, and Visa.
Pros & Cons of Live Traders
The main advantages of live traders are:
1. A range of free educational resources
2. The availability of live trading rooms
The main disadvantages of live traders are:
1. No regulation
2. Narrow range of tradable asset
3. High leverage (risky)
4. No real-time customer support
5. No trading platforms information
6. No key information on accounts, forex spreads, trading commissions, etc
The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.
Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click 'Complaints 'and 'Correction' to inform us. We will check immediately and release the results.
Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.
Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.