In this Livaxxen review, you will learn why the company cannot be trusted, what red flags it has, and what aspects reveal its fraudulent nature. If you only need an answer to the question of whether the firm can be trusted, here it is — no, it cannot be trusted, as the broker is a guaranteed scam. A detailed investigation of the platform can be explored below.
- Livaxxen General Information
- Is Livaxxen Broker a Safe Option for Traders?
- How Transparent Is Livaxxen Broker Regarding Regulations?
- Trading Conditions Breakdown: What to Expect?
- Platform Performance
- Does Livaxxen Provide Educational Tools for Traders?
- Hidden Fees and Charges: What Traders Need to Know?
- User Feedback: Insights from Existing Clients
- How Responsive Is Livaxxen Broker’s Customer Support Team in Resolving Issues?
- Pros and Cons
- Frequently Asked Questions (FAQ)
Livaxxen General Information
| Website | https://livaxxen.com/ |
| Phone Number | +18008328170 |
| support@livaxxen.com | |
| Address | P.B. 1257 Bonovo Road, Fomboni, Comoros |
| License | — |
| Minimum Deposit | $50 |
| Assets | Forex, metals, indices, stocks, |
| Leverage | 1:400 |
| Trading Platform | WebTrader |
Is Livaxxen Broker a Safe Option for Traders?
If you are wondering whether this firm is fraudulent, then I urge you to study the exposé and information below. There is no doubt that such a platform cannot be trusted, as it looks very suspicious and dangerous even at first glance. So let’s dig into it.
How Transparent Is Livaxxen Broker Regarding Regulations?
The review of livaxxen.com begins with an examination of the broker’s activities, specifically the duration of operation, legal data, office addresses, licenses, and other key facts.
According to the official website, the company is managed by COMPANY LTD, registered in the Comoros Islands, with a registration number that looks very strange: number 000-000. It seems like a fake registration number. However, let’s try to verify this organization in the official registry of the Comoros Islands’ financial commission.
In this jurisdiction, the MISA regulator monitors brokerage companies, tasked with controlling the activities of financial market intermediaries. However, the firm was not found in the official registry. It indicates a fake legal address and a lack of regulation, which in turn constitutes illegal activity.
The duration of operation is not specified on the official website. The “About us” section contains zero useful information, and registration documents are missing. Thus, the approximate duration of operation can be assessed by the date the domain was registered and by the date the first comments appeared online.
As seen in the screenshot above, the domain was registered in March 2024. Also, the first reviews began appearing after the website was launched. I think it is enough to understand the real duration of the firm’s operation — a few months, no more.
Also, in this part of the Livaxxen review, I would like to highlight the fact that there are no legal documents, not even the most basic ones such as the user agreement or AML&KYC policy. They are supposedly presented on the site in the corresponding section, but attempts to open the documents yield nothing.
Trading Conditions Breakdown: What to Expect?
The second part of the Livaxxen review is dedicated to trading conditions. Studying these conditions also plays a key role, as they can reveal whether the firm is attempting any tricks, poses potential risks to traders, or if everything is in order.
The starting deposit amount is quite small — $50, although the description of the tariff plan lineup requires a minimum investment of $500 to activate the first type of account. It immediately stands out as a standard fraudulent marketing trick, where pseudo-brokers offer several tariff plans, each subsequent one differing in the minimum deposit amount and set of additional services. In short, “if you want more favorable conditions and a wider range of services, then pay more money”. It is noteworthy that such conditions are typically found exclusively among fraudsters.
The maximum leverage is 1:400. Not only does this leverage size carry huge risks for traders, especially beginners, but it also constitutes a serious violation of financial commission requirements that prohibit offering such a high leverage ratio. I want to remind you that when using borrowed funds, you can not only make more profit but also incur more losses, possibly losing your entire deposit.
The first two tariff plans are not particularly different from each other, but the “Premium” tariff for $50,000 adds support from a private account manager, daily analysis, and full market access. The broker clearly entices clients into serious investments.
Where is the table with current spreads? What are the commissions? What is the model for executing client orders? Why should I even have such questions? Information about commissions, spreads, and the business model should be posted on the official website. However, why ask such questions if it’s just a typical dealing desk? The company attracts with zero commissions and favorable spreads because it profits from trader deposits. The client loses money — the platform earns. It’s simple; it is a typical conflict of interest.
From the second part of the review of livaxxen.com, the obvious conclusion can be drawn – the platform profits when traders lose money. To this end, it allegedly offers zero commissions, leverage of 1:400, and favorable spreads.
Platform Performance
“Feel the power of our meticulously crafted trading platform” sounds great, but I don’t think it’s true. Brokerage companies love to exaggerate the capabilities and functionality of their terminals when describing them. I can’t register an account, so it’s impossible to see what the platform really looks like and what options it has.
The broker mentions one-click trading, multiple order types, advanced analysis, and tools for charts. Indicators are also available. Looking at the company’s offers to download software for MacOS, Linux, or a mobile phone might make you think that the platform exists not only as a WebTrader but also for desktop and mobile, but I suspect this too is misleading. Download links are available only to registered users, and it is not possible to simply create an account. For that, you must contact customer support.
Furthermore, why support MacOS and Linux, but not Windows? Given that Windows is the most popular operating system, trading software should primarily be created for it. In short, the conclusion from this part is to not believe the broker’s words; likely, the platform here does not represent anything interesting or advanced.
Does Livaxxen Provide Educational Tools for Traders?
To get any sort of additional analytical services, you need to activate at least the second type of account, as there are none available on the first. This once again confirms the company’s commitment to extorting as much money as possible from traders.
Only contract expiries, trading hours, daily charts, news, and an economic calendar are freely available to users. However, these are a standard set of widgets that any broker should have, and they do not give clients any advantage in trading.
Hidden Fees and Charges: What Traders Need to Know?
Tables displaying current spreads across all instruments are not visible, making it difficult to assess how low or high the spreads are. The size of the commission for trading operations is also not disclosed. However, for deposit and withdrawal operations, the company promises not to charge any commission fees. Suppose that’s true, but it’s still impossible to verify.
User Feedback: Insights from Existing Clients
Judging by reviews of Livaxxen, the number of clients is zero. I managed to find only a couple of comments in French, which, to put it mildly, look fake. I wouldn’t be surprised if comments about traders’ complaints regarding fraudulent actions of the platform appear in the future. Typically, this issue is frequently raised in reviews about brokers. For instance, the firm does not withdraw funds, engage in manipulation, or interfere with trading.
How Responsive Is Livaxxen Broker’s Customer Support Team in Resolving Issues?
The official website lists an email and a phone number that belong to the USA or Canada, which is odd since the broker is based in Comoros. However, if you want to contact the firm’s representatives, it is unlikely that you will succeed. They are unlikely to respond to you by email or phone.
Also, the site appears to have an online chat, but it is not quite the case. It is more of a feedback form rather than an online chat since there is no actual online communication. The user provides their name and email, then writes a question in the chat, but is then informed that a response will come via email. The managers have not responded to me.
Pros and Cons
- Various additional tools.
- It is not possible to register an account without technical support.
- Illegal activity, no license.
- Very short existence period.
- Almost no reviews online.
- The business model with a conflict of interest.
The number of red flags is endless. In fact, one could continue to find flaws and shortcomings of this fake platform for a long time, but why bother when the main characteristics of a fraudulent broker have already been indicated. The Livaxxen review has come to an end, and now you not only know that this is a scam broker but also why. Spread the information so that other people do not fall for the fraudsters and give them their money.
Frequently Asked Questions (FAQ)
The company offers marginal CFD trading. Clients are provided with a platform where they can trade financial assets with leverage up to 1:400.
The information about the minimum investment amount is contradictory. The tariff plans description states $500 is required to activate the first type of account, but the “FAQ” section mentions $50 as the starting deposit. Apparently, the firm itself does not know or has not decided what its minimum threshold for trading is.
The company lists a non-existent legal entity, while any licenses are absent, and the duration of operation is very short. This is a 100% unsafe organization where there is a maximum likelihood of losing money.
Don't open a brokerage account here
A verified and safe broker would not close registration to everyone. Only fraudulent firms first ask you to call or write to support managers to open an account. I am telling you this as an experienced trader who once encountered such fraud.
My Livaxxen review is this: they are scammers who lure novices into their clutches. It is just a typical illegal scam broker from which you should stay away. How can we talk about transparency when they cannot specify either spreads or commissions?