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No Regulation
Score
1.49 /10
Danger
tradefxlive
2-5 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
Add brokers
Comparison
Expose
Exposure
Open Account
Website
Score
Regulatory Index0.00
Business Index6.83
Risk Management Index0.00
Software Index4.00
License Index0.00
Open Account
Website
Licenses
No valid regulatory information, please be aware of the risk
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
open now
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Warning: Low score, please stay away!
Previous Detection :
2024-11-17
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
WikiFX Verification
tradefxlive information
DropCatch.com 1096 LLC founded Tradefxlive on August 1, 2021. One of the most attractive aspects of Tradefxlive is its simple and quick trading. However, if clients encounter risks, a lack of information can make them feel duped.
Pros and Cons
| Pros | Cons |
| Instant trading | Not regulated |
| Various account types | Limited contact channels |
| Demo accounts | Lack of transparency |
Is tradefxlive Legit？
tradefxlive is owned and operated by DropCatch.com 1096 LLC, whose IANA number is 3305. However, we cannot find any information on the The Financial Industry Regulatory Authority（FINRA）and it is also not regulated by AOFA and ASIC.
What Can I Trade on tradefxlive？
tradefxlive only offers 3 tradable assets: Forex, cryptos and digital options. Tradefxlive tradable assets are limited, careful selection is necessary if the consumer prefers diversification.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Cryptos | ✔ |
| Digital options | ✔ |
| Commodities | ❌ |
| Metals | ❌ |
| Energy | ❌ |
| Stocks | ❌ |
Account Type
tradefxlive offers 5 account types: EXECUTIVE PLAN, PREMUIM PLAN, PRO PLAN, BASIC PLAN, and STARTER PLAN.
EXECUTIVE PLAN is suitable for Institutional Traders.
PREMUIM PLAN is a good choice for someone who wants to long-term invest.
PRO PLAN fits swing traders.
BASIC PLAN is suitable for day traders.
STARTER PLAN is fit for who are beginners.
Tradefxlive Fees
Tradefxlive reveals very limited info on fees. Only info on minimum deposit is available.
| Deposit Fee | EXECUTIVE PLAN：$25,000 |
| PREMUIM PLAN：$10,000 | |
| PRO PLAN：$5,000 | |
| BASIC PLAN：$2,000 | |
| STARTER PLAN：$500 |
Customer Service
tradefxlive doesn't provide 5/24 or 7/24 online customer support, only email: support@tradefxllve.com is available.
| Contact Options | Details |
| Phone | ❌ |
| support@tradefxllve.com | |
| Support Ticket System | ❌ |
| Online Chat | ❌ |
| Social Media | ❌ |
| Supported Language | English |
| Website Language | English |
| Physical Address | New Brunswick,N. 08904,USA |
The Bottom Line
Real-time trading is the most popular, but most traders will be cautious due to lack of broker information. Therefore, tradefxlive is best for aggressive traders.
FAQs
Is tradefxlive safe？
No, tradefxlive is unregulated, exposing clients to asset security and legal risks.
Does tradefxlive truly offer commission-free trading？
It does not reveal any info on commissions.
What kind of trading platform does tradefxlive offer？
It seems that it only offers a web-based trading platform.
Is tradefxlive good for beginners？
No, tradefxlive is very expensive. It is not suitable for beginners!
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