The broker, named after the great 20th-century trader, Livermore Trading claims to provide the best service to its clients, which, as per the official website, now exceeds 97 million. The company boasts incredible facts about itself: over 10 years of experience, a team of more than 30 employees led by Miranda Albertson, and 6 awards in brokerage services. However, at the same time, online reviews are scarce, licenses are not mentioned, the legal address is not indicated, and any registration documents are absent. How reliable is such a platform and is it profitable?
How to Trade
To start, you need to register an account, and then choose a suitable tariff plan. In Livermore Trading, there are 6 types of accounts:
- Trial. The minimum deposit is €250. Access to all assets and the platform, expert support, and financial calendar.
- Classic. From €1,000. It does not differ from the first tariff.
- Gold. Not less than €2,500. The services of a portfolio manager and the development of a personal strategy are added.
- Platinum. From €10,000. Livermore Trading offers access to experts, assistance in risk management, stacking portfolio, and signals.
- VIP. €25,000 and more. Additionally, private communication channels.
- Prestige. Not less than €100,000. The same opportunities, but also prestige group access.
According to the official website, the broker focuses more on the cryptocurrency industry. Moreover, monetary transfers can be made not only with digital currency but also with bank cards and electronic wallets.
Livermore Trading Vital Info
The duration of the operation is vaguely stated as “over 10 years.” However, it is doubtful because online reviews do not confirm such a long period of operation. Additionally, the domain of the official website only appeared on June 28, 2023. What evidence can Livermore Trading provide regarding its duration of operation? None.
Such brokerage organizations must have regulation to operate legally. Livermore Trading does not have a license and does not even mention this. It is also notable that the legal address is missing from the website, so it is unclear where to check for regulation. These are serious shortcomings that point to a complete lack of regulation for the broker.
I noticed that representatives of Livermore Trading often respond to reviews and comments online. This was the first sign for me to explore the broker, consider the trading conditions, and understand whether I would trade here or not. I studied the platform and conditions, and I liked it. Moreover, they have impressive statistics: millions of users, a broad staff, large turnovers, and a solid duration of operation. This also inspired confidence.
So far, I'm trading here. There are both minuses and pluses, but there are more pluses. I can't give the broker 5 stars because there are downsides that can be fixed, but for some reason, they don't do it. For example, I couldn't find a demo account and swap-free, and the minimum deposit is quite substantial. Perhaps there is a demo, but I didn't see it. If the representatives really read reviews, then maybe they'll pay attention to the downsides.
A DEN OF VILLAINS AND SCAMMERS!!! LIVERMORE TRADING is afraid to reveal their names and faces because they know that then they will be found and will have to answer to the deceived traders!!! People, spread the information about another scam broker. It's necessary for as many traders as possible to know about the fraudulent nature of this fake platform. Let's not let the scammers steal! Let them go and earn a living legally!
Livermore Trading is a group of swindlers and fraudsters who have created a fake brokerage site to scam people out of their money. The truth is that all traders who transferred their deposits here lost them forever.
Not the best option for earning money on cryptocurrency and CFDs. Many conditions are not specified, for example, what are the spreads and commissions? And what is the leverage? Nothing is said about the terminal. But they ask for 250 euros, which is a lot. I do not recommend it.
I lost $450 in livermore-trading and don't want to repeat such an experience. I sincerely believed in the security and reliability of the platform but didn't have the brains to check the legality of the firm. It turns out that there is no license, and the company talks about a headquarters in the UK, but no such broker there. I bragged to my acquaintance, an experienced trader. And he said that I gave money to scammers and can forget about my capital forever. And indeed, after his words, I applied for a withdrawal of funds. That was a month ago. Do you think my money was withdrawn? Not a cent! The entire deposit ended up in the hands of scammers. I can't withdraw it back. Learn from others' mistakes, so don't invest here.
So, it has been exactly two weeks since I started trading with Livermore Trading. I'd like to highlight some advantages. Firstly, the technical support, which responds quickly and is very helpful. The managers here are professional and friendly, and you can always talk to them and ask any questions. Secondly, the low fees. It's profitable to trade here, maybe not the most profitable broker in the world, but certainly among the top. I was even surprised by how low the spreads were. Thirdly, cryptocurrency is available, so you can earn on it too. That's exactly what I'm doing. Lately, I often go long on BTC/USD and many other altcoins. Fourthly, there is an excellent and stable terminal. It doesn't freeze or break.
I could probably recommend the firm because it's worth it. The only thing I can't comment on is the efficiency of withdrawing money. I haven't withdrawn anything from here yet, so I can't say for sure. But I really like it.
There is nothing to comment on. The domain was created recently. Real reviews from traders who have lost money here. There is no license, and Livermore Trading constantly lies.
This company does not have a license, so its operations are illegal. I found information about a headquarters in London, but a check of the Companies House registry showed that no such organization exists there. There is Livermore Trading LTD, but it is engaged in a completely different kind of business, some photography and copy services. It's not brokerage intermediation and servicing at all. Therefore, in reality, it's unknown where the firm is registered. By the way, the management team on their website is made up. The photos are taken from the internet, and the names are fictitious. Everything you need to know about this scam broker.
If you see positive reviews about Livermore Trading, know, they are fake. Every single comment is unreal. Fake reviews on the internet are a popular tool among scam brokers to attract more clients with money. It's easier to pay for 100 positive reviews, which will bring in a large number of traders, than to pay for advertising and not get a good result.
Yes, the broker is fraudulent, so you should not invest here. If you believe in the fake comments, I'm sorry because you've lost your deposit. It is an absolutely illegal organization that doesn't exist. It can't even have a license. So, what kind of cooperation can there be? Forget about opening a brokerage account here. Don't read fake positive comments.
I consulted with lawyers, but they said that it is impossible to get my money back. A few months ago, I believed in the fake positive reviews about Livermore Trading and invested €6,500 to try my hand at earning on cryptocurrency. They promised to help create a working strategy and assistance from a professional expert, but in reality, they gave me nothing.
After losing €1,500 on unfavorable conditions, I applied for a withdrawal. However, nobody has responded to the application to date. The money is on the balance, but they are just numbers, i.e., software code that I cannot convert into real figures in my wallet. The withdrawal function does not work. As I said, lawyers advised me to forget about such a foolish loss, as nothing can be returned.