Livaxxen review and ratings

Established 2024
Location Mwali
Regulation MISA
Offices Fomboni, Wellington
Broker type STP | ECN
Leverage up to 1:400
Deposit from 500 USD
Spreads low  low
Platforms Web Specific
Instruments Currencies Crypto Indices Metals Energies Stocks
Funding methods Wire Transfer Credit Cards PayPal Skrill Neteller FasaPay WebMoney Bitcoin Ethereum Tether Google Pay Apple Pay PaySafeCard

Company information

Livaxxen is a legally registered forex broker located in Mwali, regulated by the Mwali International Services Authority (MISA).

Availability

Livaxxen accepts clients from all over the world, excluding USA and most OFAC sanctioned countries.

Distinctive features

Trading instruments

Forex broker offers the following underlying assets for trading.

20+ Currency Pairs Based on major and minor world currencies.
9 Crypto Pairs Based on Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Ripple, Dash, Monero, Zcash, EOS.
10+ Indice CFDs Based on baskets of different blue-chip stocks.
5 Metal CFDs Based on Gold, Silver, Platinum, Palladium, Copper.
3 Energy CFDs Based on Crude Oil (WTI, Brent) and Natural Gas.
20+ Stock CFDs Based on shares of well-known US companies.

Comprehensive review

Livaxxen is a forex broker established as recently as in 2024, registered in the offshore jurisdiction Mwali and with a physical office in Wellington, New Zealand. Like many other offshore-registered forex brokers, Livaxxen is only lightly regulated, offers high trading leverage, and accepts deposits and withdrawals with crypto.

The one thing that makes Livaxxen stand out from the many other forex brokers we have reviewed here on FX-List is probably its proprietary trading platform. This platform allows for one-click order placement with real-time streaming market data on advanced yet intuitive charts. The platform is available as a web version, as well as in a downloadable version for Mac, Windows and Linux computers.

Livaxxen's offering when it comes to trading instruments is fairly standard, with around 20 forex pairs, 9 crypto pairs, 20 blue-chip US-listed stocks, as well as a handful of commodities and stock indices. This means that Livaxxen in no way is a broker that focuses on having the widest selection of assets, but instead tries to offer the assets they do support with low spreads and in a user-friendly way.

The instruments offered by Livaxxen can be traded through six different trading accounts depending on the trader's personal needs and circumstances:
– Beginner account, available for a minimum deposit of $500
– Standard account, available for a minimum deposit of $5,000
– Premium account, available for a minimum deposit of $50,000
– Premium+ account, available for a minimum deposit of $100,000
– Platinum account, available for a minimum deposit of $200,000
– VIP account, available for a minimum deposit of $1,000,000

All trading accounts can be funded with the cryptocurrencies Bitcoin (BTC), Ethereum (ETH) and Tether (USDT), as well as via bank transfer, credit cards, or a range of e-money services like PayPal, Skrill, Neteller and others.

For any customer support needs, the Livaxxen team can be reached via a New Zealand phone number, as well as via live chat and email. Unfortunately, the broker's website has a very limited help page with almost no information and very few FAQs. This means that traders likely need to contact the support team directly with any questions they have.

Another aspect that is missing from the website's support page is the support team's working hours, but given that the team is based in New Zealand we can assume that they are only available during local working hours. Wellington, New Zealand is 12 hours ahead of UTC time.

All in all, we see Livaxxen as an interesting up-and-coming forex broker that could be worth taking a closer look at. We like that the broker has made the effort to develop its own user-friendly trading platform, and it is also reassuring that it has a physical office in New Zealand in addition to its offshore registration. For traders looking for high leverage across multiple asset classes and an easy-to-use platform, Livaxxen could therefore be worth considering.

For Livaxxen to make its offering even better, a larger selection of trading instruments, as well as a website with more helpful information (especially the support and FAQ section), would help.

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