Tradefxlive has been flagged by Financial Markets Authority for "Unregistered/Unlicensed entity offering financial products or services|Market...". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
I was contacted by Tradefxlive through social media. They promised guaranteed returns of 20-30% monthly. Being naive, I invested. The "account manager" pressured me to invest more and more. When I finally tried to take profit, my account was frozen and they stopped responding. Classic Ponzi/advance fee fraud.
Pros: Professional looking website
Cons: Blocked my account|No legitimate license|Fake returns
I was about to invest with Tradefxlive but decided to check their regulatory status first. They claim to be regulated but I could not find them on any official register. Financial Markets Authority has actually issued a warning about this firm. Thank goodness I checked before sending any money.
Cons: Listed in warning databases|No transparency|Pressure to invest quickly
I wanted to transfer my portfolio from another broker to Tradefxlive. They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.
Pros: API access|Social trading features|Quick verification|Easy to use platform
Cons: Charting tools need more indicators|Could offer more webinars
After for a few weeks now with Tradefxlive I requested to close my account and withdraw. They said I had to complete a 30-day cooling-off period. Then they said there was a minimum holding period for my last deposit. They make it as hard as possible to leave.
Pros: Competitive fees|Helpful community forum
Cons: Limited ETF selection|Onboarding videos are outdated
I looked into Tradefxlive and found they appear in the regulatory warnings database. Financial Markets Authority has issued a notice about this firm. Whether this is a misunderstanding or a serious concern, the fact remains that proper due diligence is essential. Always verify the regulatory status of any company before investing your hard-earned money.
Cons: Flagged by international regulators|Due diligence required
After spending for about three months trying to make Tradefxlive work for me, I have given up. The platform has too many limitations, the fees are not competitive, and the quality of their market data is questionable. There are much better options available.
Pros: Competitive fees|Real-time alerts|Social trading features|Regular platform improvements
Cons: No integrated tax optimization|Help articles are sometimes vague
I closed a profitable position at Tradefxlive and the profit was not credited for 5 days. Support said it was a settlement delay. When it finally arrived it was less than the amount shown on the platform. They could not explain the difference. I have moved my account.
Pros: Excellent charting|Personal attention|Segregated accounts
Cons: Minimum deposit could be lower