Live24Trade

WikiFX assessment indicates that Live24Trade presents significant reliability concerns. The broker holds a comprehensive risk score of 1.42 out of 10, which is exceptionally low and signals a fundamentally compromised operational framework. Most critically, Live24Trade operates without any valid forex trading licenses. The absence of regulatory oversight means it lacks standard financial safeguards, such as segregated client funds and investor compensation schemes. Engagement with this broker is therefore considered high-risk.

No. Live24Trade Inc is not regulated. According to WikiFX data, it does not hold any valid forex trading licenses from authoritative financial regulators. The broker is registered in Australia but is not authorized by the Australian Securities and Investments Commission (ASIC) or any other recognized regulatory body. This places it outside the protective oversight framework that governs licensed brokers.

A specific minimum deposit requirement for Live24Trade is not currently publicly disclosed. This lack of transparency regarding a fundamental account criterion is atypical for established brokerage operations and should be noted by prospective traders.

According to its operational profile, Live24Trade offers the MetaTrader 4 (MT4) platform to its clients. MT4 is a widely-used trading platform known for its user-friendly interface, advanced charting tools, and support for automated trading via Expert Advisors (EAs). Information regarding support for the newer MetaTrader 5 (MT5) platform is not currently available.