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Livaxxen review
Overview
Our 5-step process of verification and evaluation – How do we obtain information?
General inspection – 30%
Trading experience – 30%
Technical audit – 20%
Collective experience from collaborations with the broker – 10%
Interviews with real traders – 10%
See the entire process here.
Pros
Livaxxen operates under the regulation of M.I.S.A., providing a level of oversight and adherence to financial standards.
The broker offers a range of account types, catering to different trading needs and preferences.
Traders can benefit from high leverage, up to 1:400, which can enhance potential returns, though it also increases risk.
Livaxxen supports multiple asset classes, giving users access to a broad market range including forex, commodities, and cryptocurrencies.
The trading platform is user-friendly and accessible across desktop, online, and mobile devices, ensuring a smooth trading experience.
Additionally, Livaxxen maintains multiple support channels, including email, phone, and live chat, enhancing customer service availability.
Cons
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Despite being regulated, Livaxxen is not overseen by a top-tier financial authority like ASIC. CySEC or FCA.
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The broker does not offer popular educational resources or trading materials, which could be a drawback for beginners seeking guidance.
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Livaxxen also lacks the widely-used MetaTrader 4 and MetaTrader 5 platforms, which are standard in the industry.
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The minimum deposit requirement of $500 for the Beginner Account is comparatively high.
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Services are unavailable to U.S. residents and individuals from sanctioned countries.
General details
Customer reviews
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Accounts
Whether you’re new to trading or an experienced trader seeking flexibility, Livaxxen offers account options to match your goals. Multiple account types allow traders to choose based on their risk tolerance.
- Beginner Account: The Beginner Account is perfect for those new to trading. It has a minimum deposit of $500, which, although higher than the industry standard, grants access to significant markets like forex, commodities, and indices. The inclusion of Islamic accounts and mobile trading options makes it appealing to a broad range of users. Beginners should be cautious with leverage up to 1:400, using it as a learning tool to explore market dynamics without risking much capital.
- Standard Account: The Standard Account requires a $5,000 minimum deposit and offers additional features such as a personal account manager and exclusive market updates. These additions provide personalized guidance and in-depth market insights, giving casual traders an advantage.
- Premium Account: For experienced traders, the Premium Account is ideal with a $50,000 minimum deposit. It offers comprehensive market access, daily market analysis, and a dedicated account manager. These features are beneficial for active traders needing detailed market information and personalized support.
- Premium+ Account: The Premium+ Account is designed for high net worth, high-volume traders with a minimum deposit of $100,000. It offers advanced tools and leverage up to 1:400, suitable for strategies like high-frequency trading. This account should only be considered by those with a solid understanding of leverage and risk management.
- Platinum Account: The Platinum Account requires a $200,000 minimum deposit and provides unrestricted market access, transparent pricing with no extra fees, one-click trading, and personalized alerts. These features make it ideal for professional traders seeking a streamlined and sophisticated platform.
- VIP Account: The VIP Account is Livaxxen’s most exclusive offering, requiring a $1,000,000 minimum deposit. It provides access to custom markets, lower trading fees, exclusive global events, and a dedicated VIP manager. This account is tailored for institutional traders or individuals with significant capital, offering tailored service and assistance.
- Demo Account: Livaxxen’s demo account allows users to practice trading without financial risk. It provides access to market updates and analysis, enabling simulated trades. For specific details about virtual funds and demo access duration, traders should contact Livaxxen directly.
Islamic Account: Livaxxen offers an Islamic Account compliant with Sharia Law, removing overnight fees and enabling swap-free trading. Traders must provide documentation verifying their Muslim faith to open an Islamic account. Livaxxen monitors this feature closely to prevent misuse and retains the authority to withdraw Islamic account privileges if necessary. Islamic accounts may have different leverage compared to regular accounts, and the company can set the conditions for swap-free trading.
Tradable instruments
Livaxxen offers clients access to a variety of tradable assets, including Forex pairs, commodities, metals, cryptocurrencies, CFDs, shares, indexes, futures, and options.
Frequently asked questions
Find the right answer to your question below.
Livaxxen is operated by Investim Capital LTD, which is regulated under the Mauritius International Services Authority (MISA) with business registration number HA00224741 and license number BFX2024039. Also, Livaxxen is a relatively new brokerage firm, and online reviews are limited.
Registering with Livaxxen is simple and can be done by following these steps:
Step 1: Access the Livaxxen Website
- Go to the Livaxxen homepage.
- Hover over the “Trading” menu to reveal a dropdown list.
- Click on “Trading Account” to view the different account types: Beginner, Standard, Premium, Premium+, Platinum, and VIP.
- For more details about account terms, contact customer care via email, phone, or live chat.
- Choose your account type and click the “Get Started” button at the top of the page.
Step 2: Complete the Online Registration Form
- Fill in your first and last name, email address, phone number, country of residence, birthday, and residential address (street, area, city, zip code, state or province).
Step 3: Finalize the Registration Process
- If you have a promotional code, enter it in the designated space.
- Select your account currency from the dropdown list (EUR or USD).
- Agree to the User Service Agreement, Data Privacy Notice, Trade Execution Policy, Know-Your-Client Guidelines, and Risk Exposure Notice.
- Confirm that you understand 17 CFR 230.902 and are not a United States Person as defined by Livaxxen.
- Click the submit button to complete your registration.
- Follow the instructions in the confirmation email to verify your email address.
- After email confirmation, you will be redirected to the Livaxxen website to finish the account registration, including the Know-Your-Client (KYC) verification process.
By following these steps, you can quickly and efficiently set up your Livaxxen trading account.
Livaxxen compared with alternative brokers
To see the full broker review click “See review”, to see the complete table and compare more brokers visit our Comparison page.
- Overall verdict
- Trading
- Minimum deposit
- Maximum leverage
- Fees
- Withdrawal fee
- Deposit fee
- Safety
- Top-tier regulators
- Investor protection
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3/ 5
-
2.5/ 5
- $500
- 1:400
-
3.8/ 5
- $0
- $5
-
3.6/ 5
- No
- No
-
See review
-
4.9/ 5
-
5/ 5
- $10
- 1:2000
-
4.8/ 5
- 1%
- $0
-
4.9/ 5
- No
-
See review
-
4.9/ 5
-
4.9/ 5
- $10
- 1:2000
-
4.8/ 5
- $0
- $0
-
4.6/ 5
- FCA, CYSEC
- No
-
See review
-
4.8/ 5
-
4.9/ 5
- $100
- 1:10000
-
4.7/ 5
- $0
- $0
-
4.8/ 5
- FCA
-
See review
-
4.5/ 5
-
4.5/ 5
- $5
- 1:1000
-
4.5/ 5
- $0
- $0
-
4.5/ 5
- No
- No
-
See review
-
4.5/ 5
-
4.6/ 5
- $5
- 1:888
-
4.3/ 5
- $0
- $0
-
4.7/ 5
- ASIC, FSC, CYSEC
-
See review