Livaxxen Review | a modern platform with leverage or scam?

Welcome to the Livaxxen review. This brokerage company provides access to CFDs across various classes of financial market assets and to a modern platform with leverage. However, the most crucial issue is the trust and security of the firm. There is no doubt regarding the fraudulent activity of the organization; it is an obvious and blatant scam. And to ensure this doesn’t sound like a baseless accusation, I will analyze the broker and determine why it is not worth risking your money here.

Highlights

First Impression of Livaxxen.com

I will start my Livaxxen review with the official website. It looks too cheap and simple. Clearly, the creators did not put much effort or passion into the creation of the official site, resulting in this so-called “masterpiece”:

• Important legal documents are missing, although they are mentioned.
• Logos of social networks are attached, but there are no actual accounts.
• The legal address is not stated.
• Many key facts about the company’s activities are ignored.

The company introduces users to its platform, tariff plans, additional tools, and contact information. The “about us” section might as well not be opened, as it still contains no useful information, such as duration of operation, business model, and licenses.

The site is only in English, so the firm cannot be called international or global. The design is cheap, essentially non-existent. Likely, some ready-made template was used where the creators just changed some of the text, as clichéd phrases are used that are found on every other brokerage site, along with pseudo-advantages and pseudo-motivation to start trading.

Partnership and Bonuses

Like any other scam broker, information about the affiliate program can only be found during the account registration stage, which I will perform later. Curiously, the firm does not mention rewards for inviting new clients, but a promo code is requested during the creation of the personal cabinet.

Nothing is known about bonuses, but I suspect they are present. It would be strange for such an effective tool against traders’ earnings not to be offered by such a fraudulent company. The conditions are not specified, but likely require completing a huge trading turnover within a short period.

Account Opening on Livaxxen.com

Registration of a personal cabinet happens online, where users need to provide their personal information: name, contact details, residence address, account currency, and a promo code (if any). Additionally, they must agree to several legal documents, which do not even open, and indicate that the trader is not a U.S. citizen.

However, this proved to be insufficient. After submitting the registration application, I received the following message: “Feel free to try again or reach out to our help desk for assistance”. It’s funny to spend a few minutes only to find out about an error that needs to be resolved with the help of technical support.

Creating a personal cabinet without communicating with company representatives is impossible. Why is this necessary? I do not know, but I suspect what kind of fraudulent scheme might be used here. In short, the client leaves their contact details, or tries to contact the managers themselves, who will later scam them out of serious money. Traders cannot open a personal account themselves; this is done by technical support, but on the condition that the person deposits funds.

Verification

Do traders need to undergo an identity verification process? There is no clear information. On the main website, you can find instructions on how to start collaborating with Livaxxen:

1. Registration.
2. Make a deposit.
3. Start trading.

I don’t see an “undergo identity verification” step here, while the KYC policy document does not open – it’s simply unavailable, and registering a personal account is not possible.

Every broker operating legally and officially must know who is trading with them. Therefore, in such companies, KYC is a mandatory procedure, but here there is no clear information regarding KYC. This also raises additional suspicious thoughts regarding the platform’s reliability.

Trading Software

Since I cannot register an account without the help of technical support, I cannot see for myself what the platform looks like and what capabilities it has. Therefore, I cannot accurately characterize whether the Livaxxen trading terminal is suitable for serious trading or not.

The only option left is to believe the company’s words, and how it describes its software. The firm lists the following advantages of the terminal:

• Real-time pricing.
• One-click trading.
• Advanced analysis and charting tools.
• A diverse range of order types.
• Mobile, macOS, and Linux.

Essentially, the platform has standard options that are available on absolutely any terminal. Moreover, access to WebTrader, as well as downloading software for MacOS or Linux, is only available to registered users. I don’t believe that the platform actually has mobile and desktop applications, but I cannot verify this. It is also curious why there is no software for Windows, given that it is the top operating system in the world.

How Can I Trade With Livaxxen?

In the next part of the Livaxxen review, I will examine the trading conditions, which also play an important role and can provide useful information for reflection. This is a typical CFD broker offering margin trading with leverage up to 1:400, but it is worth examining the range of tariff plans.

All Info About Accounts

The broker has followed the standard fraudulent path. Clients have access to several types of accounts, which differ in the set of services and the minimum deposit required for activation:

1. Beginner. The minimum deposit is $500. Islamic account, mobile trading, leverage up to 1:400, and access to major markets.
2. Standard. From $5,000, includes an account manager, and exclusive market updates.
3. Premium. At least $50,000. Full market access, daily analysis, and a private account manager.
4. Premium Plus. The same as in the “Premium” rate, but the minimum deposit is $100,000.
5. Platinum. From $200,000, no extra fees, plus personal push and SMS alerts.
6. VIP. Requires an investment of at least $1,000,000. Lower fees, customized market to trade, and dedicated VIP manager.

The trading conditions reveal a lot. Here are the main downsides that were identified:

• The broker extracts money by artificially creating demand for more expensive tariff plans.
• Hidden commissions and spreads. This key information is not stated anywhere on the site, making it impossible to determine how profitable trading here actually is.
• Leverage of 1:400 – enormous risks for users and violations of regulatory requirements.
• Lack of explanation of the client order execution model. It’s a typical dealing desk, which trades against its clients, hence there is a conflict of interest.
• Contradictory information regarding the minimum deposit. One place mentions $50, but for the first type of account, you need at least $500.
• No demo is available.

Thus, the trading conditions at this broker are the same as those at most fraudulent companies. And this is hardly surprising.

Market Analysis and Education With Livaxxen.com

Educational courses and articles, as well as market analytics, can help traders, especially beginners. However, I do not see the broker offering such services. Yes, you can find a few auxiliary tools on the website, such as news, an economic calendar, or trading hours. First, they do not play an important role and do not help clients make money; second, such options are available at every firm; and third, such tools can easily be found on the internet.

Deposit, Withdrawal, and Fees

How to fund a deposit is another mystery. There is no separate section on the website dedicated to money transfers. It is only known that the firm does not charge a fee for depositing/withdrawing funds. Other information is missing.

How Can I Contact It?

Despite the provided phone number and email address, it is unlikely that you will be able to contact the managers. There is also an online chat available on the site, but it is pointless as there is no response.

I wrote expressing a desire to open a brokerage account, but received no reply, and then it was closed due to user inactivity, ha. That’s some nonsense. There are no social networks, although the logos are uploaded on the site.

Is Livaxxen Dangerous?

The firm appears highly suspicious. Even before reaching the final part of the review of livaxxen.com, we can speak of the fraudulent nature of the platform. However, for 100% certainty, I will also examine key data that the organization failed to provide on its website. Then a conclusion can be made.

How Long Does The Broker Work?

When the official website does not list the date of foundation and registration documents are missing, the founding date can be determined from the date the domain was registered. The broker launched the livaxxen.com domain this year, in March. It is clear to everyone that this is too short a duration for establishing credibility.

How Is Livaxxen Regulated?

Where is the firm registered? Where are its offices located? Such crucial information remains shrouded in mystery. Apparently, the fraudsters did not even register their company, hence there is no legal address.

The website footer mentions the legal entity COMPANY LTD with a fake registration number and without a legal address. The scammers forgot to change the name in the template from which they copied the site, from COMPANY LTD to another. Clearly, there is no license, which means the activity is illegal.

Frequently Asked Questions (FAQ)

How to Trade With Livaxxen?

The website provides a step-by-step guide: register an account, fund the deposit, and start trading. However, registering a personal cabinet without technical support is impossible.

Is Livaxxen Legit?

No legal address is provided on the site, and the registration number is fake. There is no mention of regulation at all. All this proves the fact of illegal activity.

How Risky Is It?

There's a huge risk, 100%, because it's a scam. Such pseudo-platforms cannot be reliable or transparent for collaboration, and all clients lose money.

Kevin Berry

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Expert Opinion

One would hope that no one falls for such blatant fraudulent schemes. The Livaxxen review is aimed at helping beginners by advising them on what fraudulent brokerage companies look like. The fake activity of this pseudo-platform leaves no room for doubt; important facts and conditions are hidden, and the company lacks a normal degree of transparency and reliability. Moreover, reviews on the internet are super rare; there are almost none. If you see positive comments, do not believe them, as they are purchased. Genuine reviews will exclusively be negative because nothing but fraud can exist here.