Tradelivefx Spreads, leverage, minimum deposit Revealed

　　Note: Tradelivefx's official website - https://tradelivefx.com/ is currently inaccessible normally.

Tradelivefx Information

　　Tradelivefx is a brokerage company who currently does not maintain functional website that we can only get limited information about this company on Internet.

　　The broker offers trading services for forex, CFDs on commodities, cryptos, indices, ETFs and stocks, with a high minimum deposit of $250.

　　However, the broker currently operates without any valid regulation, implying possible less compliance to industry and customer protection. Usually we don't recommend you to trade with such unrealiable broker.

Pros and Cons

Is Tradelivefx Legit?

　　Regulation is a crucial aspect of evaluating the legitimacy and reliability of a brokerage firm, and in the case of Tradelivefx, the broker operates without any valid regulatory oversight. The absence of a regulatory framework raises huge concerns regarding the broker's adherence to industry standards, financial transparency, and the protection of client interests.

What Can I Trade on Tradelivefx?

Account Type/Fees

　　Tradelivefx offers 3 types of live trading accounts for different client groups-Trader, Expert and VIP accounts, with minimum initial deposit requirements of $250, $5,000, and $50,000 respectively. In comparison, licensed brokers allow setting up a starter account with a minimum deposit of $100 or even less.

　　Spreads start from 0.8 pips in Expert account while 1 pips in Trader account. For VIP account, trading conditions are customized and you can contact their representatives for checking.

　　Nevertheless, details for trading commissions are absent so far.

Leverage

　　Tradelivefx offers a leverage up to 1:200, meaning that you can control a position 200 times of your initial deposits. However, we always suggest you to use leverage prudently due to significantly amplified losses at the same time as gains.

Trading Platform

　　The platform available for trading at Tradelivefx is web-based with the simplistic interface and functions.

Deposit and Withdrawal

　　Tradelivefx says to work with wire transfers and credit cards.

　　The minimum initial deposit requirement is said to be $250, while the minimum withdrawal amount depends on the payment method. For withdrawals made via wire transfers, it is $500, and via credit cards, $100.

　　For the holders of the Expert and VIP accounts, there are no fees for bank wire. The holders of the Trader account will have to pay those fees, though.

Promotions

　　Tradelivefx claims to offer welcome bonus which will be credited in 7 calendar days on condition that the trader must trade 15 times of the first deposit amount.

　　For trading bonus, minimum trading volume is set at an even higher level equalling 25 times of the bonus and deposit amount.

　　These are typical tricks of scam brokers, you should be extremely cautious.