Livermore Trading promises its users access to the most popular digital assets and claims to be suitable for both experienced traders and beginners. At first glance, the offerings sound enticing, and the promises of ease of use create the appearance of attractiveness. In our review, we will analyze key aspects of this company, uncover its strengths and weaknesses, and provide information that will help you understand if it is a scam.
- Livermore Trading General Information
- Registration and Client Portal Review
- Livermore Trading Trading Conditions
- Account Types Review
- Trading Platform
- Livermore Trading — Deposit and Withdrawal of Funds
- Additional Options
- Is Livermore Trading a Scam?
- Legal Information and License
- Livermore-trading.com Domain Info
- Contacts Review
- More Details
- Pros and Cons
- Frequently Asked Questions (FAQ)
Livermore Trading General Information
|CFDs on crypto
Registration and Client Portal Review
The official website of Livermore Trading is not what we would expect from a broker with such a name. Everything here is remarkably dull, mundane, and standard, to the point where it might induce a sense of gloom. The first encounter features images of various robots and charts. The relevance of robots remains unclear; perhaps they are somehow connected to cryptocurrencies, but this is uncertain. Overall, the website lacks any significant or interesting information about the company. It seems to drown in its own anonymity, although some team members are seemingly illustrated. However, rest assured, we will verify the authenticity of this information.
The registration process at Livermore Trading follows a standard procedure. Users typically provide basic information such as their name, email, and phone number. However, it’s worth noting that the broker does not implement verification for either email or phone number during the registration process. While this may seem convenient for users seeking a swift onboarding experience, it introduces a significant drawback. Without email or phone verification, the platform lacks an additional layer of security. This omission makes it easier for potential malicious actors to exploit the system. 2FA measures are crucial for protecting user accounts and ensuring a secure trading experience.
The extreme minimalism of the client portal extends to its functionality, offering only the most basic features and omitting any additional tools or resources that could enhance the user experience. Users navigating the portal are unlikely to find any advanced features, educational materials, or comprehensive analytics that are commonly expected from a reliable trading platform.
Livermore Trading Trading Conditions
Now, we’re quite intrigued to explore the supposedly exceptional trading conditions that Livermore Trading claims to offer. Skepticism lingers as we doubt finding anything truly noteworthy.
Account Types Review
Well, our initial skepticism appears to be misplaced. Something interesting has indeed surfaced. So, Livermore Trading presents a choice of six account types. The minimum deposit starts at 250 euros, while the maximum account requires a hefty 1 million euros deposit. Now, what’s the intriguing part about all this? Monthly charges are attached to each of the account types. Apparently, Livermore Trading expects you to pay them monthly for the privilege of trading on their platform.
How’s that for a twist? Oh, but if you think you’ll get something exclusive for these fees, think again. In the lower-tier accounts, you’ll find things like an economic calendar and expert support. In the higher tiers, additional services include staking, private channels with managers, and capital protection strategies. So, Livermore Trading’s trading conditions appear to be quite lackluster and underwhelming.
The platform, touted as a comprehensive trading solution, disappointingly turns out to be a mere web trader with minimal trading indicators and functionalities. It falls significantly short of meeting the expectations one might have for a sophisticated and feature-rich trading environment.
The limited set of tools and indicators on Livermore Trading’s platform hinders traders from executing advanced strategies effectively. With the absence of essential features, such as in-depth technical analysis tools, algorithmic trading options, and advanced charting capabilities, the platform fails to provide a competitive edge.
Livermore Trading — Deposit and Withdrawal of Funds
In terms of funding options, Livermore Trading offers a variety of choices, including cryptocurrency, credit cards, and debit cards, among other methods that are not extensively detailed in the client portal. While it’s apparent that withdrawals can be processed using these same methods, the broker conveniently remains silent on the specifics of commission rates and the processing time for withdrawal requests. This lack of transparency raises concerns about the potential hidden costs and uncertainties associated with accessing one’s funds through Livermore Trading.
Surprisingly, Livermore Trading requires user verification, deviating from the expectations set by the initial impression. The standard verification process includes submitting essential identification documents, such as a government-issued ID or passport, proof of residence, and potentially, a copy of the credit card used for funding the account.
The additional services offered by Livermore Trading appear to be nothing more than nonsense. While the platform emphasizes expert support, there’s a notable lack of transparency regarding the identities and qualifications of these supposed experts. The absence of any documentation or profiles showcasing professional traders and analysts raises concerns about the credibility of the proclaimed expert support. Traders may find it challenging to place trust in services that lack clear and verifiable information about the expertise of those providing them.
Is Livermore Trading a Scam?
Well, let’s move on to the last and most crucial point of our review — let’s see if these folks are as legitimate and safe as they claim to be.
Legal Information and License
On the Livermore Trading website, you won’t find a single mention of where this company is based. It’s as if they deliberately decided to withhold legal information. Even in a document titled “Compliance,” there’s not a single hint about the jurisdiction where this company is registered. There’s a small mention of the European Economic Area, but that’s quite obvious given that deposits are accepted in euros. Apart from that, this broker provides us with virtually no information. Quite disappointing.
In conclusion, we deduce that Livermore Trading operates as an unlicensed company, and in this case, it hasn’t obtained any licenses. Moreover, there is no mention of licenses on the site.
Livermore-trading.com Domain Info
Furthermore, we were curious about how long this company has been in operation. We checked its domain and found out that its website was created on June 28, 2023. You can understand that a few months is not a substantial timeframe for a reputable broker.
Livermore Trading also fails to provide any contact information. The only option available is to fill out a feedback form and wait for a response. There are no email addresses or phone numbers provided. You might as well try sending them a message via a pigeon – who knows, it might work.
As promised, let’s dig into the illustrious team at Livermore Trading. Starting with Jordan Craig, the Chief Technology Officer. A simple Google image search reveals that this individual not only juggles another job at a different brokerage but also enjoys posing for marketplaces like AliExpress and Amazon. In essence, it’s evident that there’s practically nothing truthful about this, and that authenticity is nowhere to be found.
Pros and Cons
- Varied funding options.
- Livermore Trading operates as an illegal and fake entity, lacking transparency and providing false information.
- Poor website design.
- Limited trading conditions.
- Questionable account types.
- Unimpressive trading platform.
- Dubious expert support.
Frequently Asked Questions (FAQ)
It claims to offer diverse trading services.
Livermore Trading suggests different account types with varying deposit amounts, starting from 250 euros.
No, Livermore Trading is not a safe broker. Its lack of legal standing, anonymous operation, and misleading information make it an unreliable and potentially fraudulent platform.