The financial company claims “a range of benefits” and promises traders more effective strategies and methods that will “change your trading experience”. Meanwhile, the Comoros-based intermediary does not provide any copies of the legal entity’s registration and license documents. It’s worth noting that the internal legal provisions, including the Terms of Service, are also not readable by the user.
Is this platform reliable? In our Livaxxen review, we will find out whether you should work with this broker.
How to Trade
The firm offers clients real-time trading using more than 2,000 instruments. Its platform is listed as Marketrocks in the description on the website. The broker promises to provide clients with:
- Fast execution.
- CFD trading with 1:400 leverage.
- Institutional level of security.
Trading accounts are structured with 6 minimum deposits ranging from $500 to $1 million. However, the FAQ section lists $50 as enough to start trading.
Each registered client will have access to the services of a personal manager and an Islamic account. In addition, the project provides “first-class analysis tools”.
Livaxxen Vital Info
No information is provided about both the project’s founding date and the broker’s team. As for the domain, it was created only in March 2024. In addition, the symbols of the four social networks on the site are not activated if you click on them. Obviously, no profiles of this company exist on FB or other social platforms.
We decided to check the brand’s registration and address. Unfortunately, we did not find Livaxxen in the Comoros legal entity registry. In addition, the headquarters of this brokerage organization is not located at the address listed on the website. There is no need to talk about licenses and safety guarantees from government regulators in any countries, since this company most likely does not exist.
This brokerage company was recommended to me by an old acquaintance, an experienced trader. So I decided to start earning too. When I opened a brokerage account at livaxxen.com, I realized it would be a safe and profitable cooperation for me. My friend recommended this particular company because of the quality training material and favorable trading conditions. I understood the topic of financial markets very quickly, the analyst immediately explained to me that psychology and management are important here. The training is still going on, I like to learn, the staff is very good and competent, they interestingly tell the material. I am already earning 10-15 euros a day! Trading conditions are really good at Livaxxen, favorable low spreads, but I just have nothing to compare with, it's my first broker, and I hope that the last.
The website design of this fake broker is certainly awful. If you look at the way resources of top companies are designed, you will understand what I am talking about. Serious organizations at least disclose absolutely all the details of trading on their platform, at least down to the size of the smallest commissions that the trader will have to pay. Livaxxen cannot boast of a full-fledged description of the trading conditions offered to traders. ECN-technologies are not even mentioned, the firm does not tell how trades are withdrawn to some provider. Considering that this brokerage company operates without any regulation, it is clear why there is no ECN account information. It is not difficult to guess what awaits any trader who dares to top up the deposit balance in this company. Nothing good ❌ the usual loss of money.
I went to this site and found that trading here is too risky, so I want to warn inexperienced traders against rash steps towards cooperation with this intermediary. There are too many negative points here. Firstly, Livaxxen is not regulated, and the lack of regulation means the illegal status of the activity. Second, it has a fresh domain that was created in March 2024. As of the time I'm writing this exposé about livaxxen.com, it's been just over a month since its founding. The site is made sloppily, I can see errors and flaws in it on every page, for example, in the quick links section the company details are not filled in, but there is a template with the company number "0000" and place of registration "unknown". The developers have opened access to the platform for customers without even bothering to edit the content. Third, I can see from the description of services that this is a classic B-Book scheme. I realize that comments here are superfluous. No sane trader would deposit even $50, and the offer to open a $1 million account here makes me laugh hysterically. Fourthly, this broker has zero reputation, I found only one laudatory review and several reviews on the network, which the organizers wrote of this dubious project. I have concluded that Livaxxen is a common crook and fraudster, many of which are on the Internet.
I dreamed of earning money on trading, I wanted this business to be my main one, that my investments bring income. And what happened in the end? I trusted the scammers from livaxxen, who cheated me with the possibility of earning and withdrawal of funds. I deposited $500 and immediately lost $120 because of the unstable terminal. Withdrawal does not work here!!! I do not know what to do. I turned to a lawyer I knew for help, but he advised me to forget about this money, as it could not be returned. It is my own fault that I opened an account in a frank forex scam instead of trading with a reliable broker.
There are different brokerage companies in terms of security, but this particular firm is fake and fraudulent. I don't advise you to invest your money in this scam, you will never be able to withdraw it later.
I cannot comment positively on the activities and trading conditions of this intermediary. In general, I can't call it exactly a "broker", that's not right either. I would define LIVAXXEN as a "forex scam", or "CFD fake", as in fact there is no sign of a broker here. It's not an intermediary so you understand, they are crooks who don't process your orders and take it to the real market or at least to some liquidity provider, thus removing the conflict of interest. This company itself is the service that processes traders' orders for execution, which means that there is a conflict of interest here. The trader wants to make money, and the fake company also wants to make money. But only one of these two parties to the transaction will be able to do so. And here I'm 100% sure that Livaxxe will definitely not let you earn anything on its terminal. At the very least, it may give you earnings, but you definitely won't be able to withdraw your profits. That is why I tell you that I don't see anything positive in this scam. There's the usual conflict of interest, and the company itself is in doubt, it's possible that LIVAXXEN does not exist in the legal sense.