FXLiveMarkets Review: An Inexperienced and Unregulated Forex Broker

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Fxlivemarkets Review
  • Fund Safety
  • Regulation
  • Customer Support
0.5

Summary

There is no introduction of the people behind the operations. People who hide their identities are running from the law. You should not trust them with your money. The company does not even have a safe payment option. You are better off investing in the top forex companies in the market.

FXLiveMarkets is one of the worst forex brokers in the market. The people behind this company are trying very hard to look like a professional company. This is just for show. This is an illegal company that cannot deliver on anything that they promise. You should stay away from this company at all costs.

This is not the first shady company you will encounter in the market. It will not be the last either. This is why you need to do enough research before investing in a company. Luckily, we are here to help you with that. This review will look at the various aspects of FXLiveMarkets to show you why it is an untrustworthy company.

Fxlivemarkets Review, Fxlivemarkets Company

In the meantime, there are some legitimate forex brokers that you can readily invest in. Such companies have been in the market longer and have the trust of thousands of seasoned traders. You better stick with such companies if you want a safe trading environment.

In the meantime, here is our review of FXLiveMarkets. 

Forexlivemarkets.com Review

You can tell that professionals do not operate this company. At first look, you may think that these are professionals behind the operations. However, you will notice that some of the links do not even work. The links to social media pages do not work. They just redirect you to the top of the home page.

Additionally, you can tell that these people have no idea how the market works. They are busy promising clients very high daily returns. Any seasoned trader will tell you that this is a red flag. Market prices are very volatile. It is very easy to lose all of your money at a go. This makes it hard to guarantee any returns. 

Consequently, most companies that promise such high returns are scammers. They are using empty promises to attract eager investors. The only goal that these people have is to steal people’s funds. FXlivemarkets.com is full of lies. You should not trust any promises that this company makes.

In terms of customer support, this company has several channels to contact them. First, you can give the team a call at +17083915980. You can as well email the team at forexlivemarkets@gmail.com. While this may be encouraging, there is no guarantee that the team will respond to any of your queries. Moreover, the social media links on the website do not work.

FXLiveMarkets Investment Plans

There are four main investment plans on FXLiveMarkets. These include the Starter, Platinum, bronze, and Gold accounts. These accounts differ depending on the balance a client has on the account.

The Starter account supports a minimum balance of $1,000. The company guarantees a 2.5% daily profit for this account. Additionally, clients get daily analytical market updates. Further, clients get access to regular webinars. 

The Platinum account supports a balance that is between $2,000 to $4,999. This account guarantees clients a daily profit of 5%. Additionally, clients get daily analytical market updates and promotional email alerts. Further clients get one-month of free trading signals.

Fxlivemarkets Scam Review, Fxlivemarkets Features

The next account is the Bronze account. This one supports account balances between $5,000 to $10,000. This guarantees clients a daily profit of 10%. Additionally, this account gives clients analytical market updates and promotional emails. Further, this account gives clients one-month of free trading signals.

The last account is the gold account. This supports account balances above $10,000. Interestingly, this account promises clients a daily profit of 20%. Additionally, clients get analytical market updates and promotional emails. Further, clients get free trading signals for three months.

These accounts are not the cheapest in the market. Investing in this company will end up in you losing your funds.

Deposit and Withdrawal

Any legitimate company will make sure to support various payment channels to make it easy for clients. However, this company did not care enough to support many payment options. The only way to deposit funds on this platform is via Bitcoin deposits. 

This is not an ideal payment option. It poses a lot of risk to clients. That is why many scammers support bitcoin deposits. Bitcoin transactions are between abstract addresses. This means that it is hard to trace your funds once you send them out. Additionally, Bitcoin transactions are permanent. This means that it is impossible to recover your funds. 

You should never invest in a company that only supports this payment option. At the very least, a company should support payment options that allow you to make chargebacks.

Founders and Physical Address

Unsurprisingly, the website for this company does not introduce us to any of the founders. We have no idea who they are or what their trading histories look like. This is common in fraudulent operations. People running such companies conceal their identities to hide from the law. You should not trust any company operated by unknown individuals.

Moreover, these people are guaranteeing you insane profits. At the very least, they should show you their trading results. They should also tell you the strategy they use in the market. That will enable you to see whether their strategy best suits your portfolio needs.

In terms of physical location, this company gives us an address for its headquarters. The company claims to operate from 252 Adonais Way Atlanta, GA 30303 USA. While this may be good, we have to ask ourselves whether they are in this location legally.

Regulation and Funds Safety

The USA does not allow forex brokers to operate without a license from a regulatory body. Any unregulated company is an illegal operation in this jurisdiction. Unsurprisingly, this company is operating without regulations. This shows that these people do not care about breaking the law. They are running an illegal operation, and they know it.

Consequently, this company cannot assure you of your funds’ safety. They do not say the bank they use to keep customer funds safe. Additionally, they do not say they are using segregated bank accounts. This is a huge red flag, and you should not trust this company.

Moreover, the website does not contain any evidence of systems’ protection. There is no mention of the software or hardware the company has in place to keep out hackers. This means that hackers can easily access and steal your funds.

Final Verdict

Nothing on this company’s website is real. The company is using lies to attract customers. The only goal is to steal people’s funds and disappear. You can tell that they have no interest in servicing your financial needs. 

For starters, this is an illegal operation. These people are offering financial services without regulations. There is no telling what such individuals are willing to do to steal your funds. Additionally, the level of transparency on this website is very low.

There is no introduction of the people behind the operations. People who hide their identities are running from the law. You should not trust them with your money. The company does not even have a safe payment option.

There are better services out there that will offer you better services. You are better off sticking with the top legitimate forex companies in the market. Such companies have the trust of millions of seasoned traders for a reason. They operate with full transparency and professionalism.

 

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