FX Live Capital Overall rating

We tested FX Live Capital using real-money live accounts. Our reviews are unique in that they do not have any bias for or against any broker and are driven purely on the underlying data we compile from live account testing, regulatory data, and opinions from customers. We list all brokers and do not charge a fee for it. We offer additional visibility for a fee, but our review content cannot be influenced. Read our About Us page to read our editorial guidelines and how we make money.

Trustworthiness & Regulation

FX Live Capital, founded in 2016, is relatively new to the forex market. The broker is regulated by Comoros - ML MISA, which offers a level of regulatory oversight, but it is not as stringent as major financial regulators. The broker provides negative balance protection and segregates client funds from its operating capital, which adds a layer of security for traders.

Still, FX Live Capital lacks user reviews and ratings, which can be a drawback for potential clients looking for feedback from other traders. The broker's popularity rating is 2.4 out of 5, indicating moderate interest and activity among traders. With 12,123 organic monthly visits, FX Live Capital ranks 373 out of 815 forex brokers for organic traffic, reflecting its growing presence in the market.

Despite these positive aspects, it's essential to remember that even highly regulated and successful financial firms have failed in the past. Therefore, traders should exercise caution and conduct thorough research before choosing a broker.

Company	Licenses & Regulations	Segregated Client Money	Deposit Compensation Scheme	Negative Balance Protection	Rebates	Max. Leverage Retail Clients
FXLIVECAPITAL LLC	Comoros - ML MISA					500 : 1

Deposit Insurance

FX Live Capital does not provide a deposit compensation scheme, meaning that if the broker fails, investors may not be compensated. This lack of investor compensation programs is a significant consideration for traders who prioritize the security of their funds.

While the broker segregates client money from its operating capital, the absence of a compensation scheme places more responsibility on the regulatory framework and the broker's financial stability.

Spreads and Costs

FX Live Capital offers competitive spreads and costs across various asset classes. The broker's forex average spread is 1.45 pips, which is relatively low compared to some of the industry-leading brokers.

For commodities, the average spread is 0.10, which is in line with market standards. However, the crypto average spread is 13.62, which is slightly higher compared to other brokers.

Combined Spread/Commission Costs by Asset Class Compared to Market Leading Brokers

Crypto averages comprise (BTCUSD, ETHUSD), forex averages comprise (EURUSD, USDJPY, GBPJPY, EURGBP, AUDNZD, CADCHF), indices averages comprise (US30, AUS200), and commodities average comprises (XAUUSD, XAGUSD) and that data is sampled every 10 seconds for 24 hours to calculate the average. Forex is stated in pips, and the others are stated in base currency. All spreads including both spread and commission calculated in.

Our data comes from our sophisticated spread analyzer tool, which collects live account information and syncs with our performance analytics system. To compare all brokers and instruments with the latest live data, visit our spread analyzer tool. A spread is the difference between the bid (sell) and ask (buy) price of an asset and can vary widely between brokers and account types.

Some brokers charge higher spreads but no commission, while others charge both, making it crucial to assess the total cost, which includes both spread and commission. Our values reflect this all-in cost. Note that some brokers may set low costs on popular pairs like EURUSD but higher rates on other instruments.

Many brokers also advertise "as low as" spreads that may not reflect the true average or include commissions. Comparing true all-in cost averages across various instruments and asset classes is vital for accurate assessment.

Combined Spread/Commission Costs Per Instrument Compared to Market Leading Brokers

Comparison to other Brokers

FX Live Capital, founded in 2016, is relatively new to the forex market compared to industry veterans like IC Markets and Oanda. The broker is regulated by Comoros - ML MISA, which offers less stringent oversight compared to regulators like ASIC (Australian Securities and Investments Commission) and FCA (Financial Conduct Authority).

In terms of spreads and costs, FX Live Capital offers competitive forex spreads averaging 1.45 pips, which is lower than some of the market leaders. However, its crypto average spread of 13.62 is higher compared to IC Markets and Vantage Markets. The broker provides negative balance protection and segregated client funds, enhancing client security.

Despite these strengths, FX Live Capital lacks user reviews and has a lower popularity rating of 2.4 out of 5, which might deter potential clients seeking feedback from existing traders. Additionally, the broker does not provide a deposit compensation scheme, unlike some well-established brokers.

Overall, while FX Live Capital has competitive spreads and essential security features, potential clients should weigh these factors against the broker's regulatory standing and lack of user feedback when making a decision.

Trading Platforms - Mobile, Desktop, Automated

FX Live Capital offers a range of trading platforms suitable for different types of traders. The broker supports both MetaTrader 4 and MetaTrader 5 for desktop, mobile, and web, catering to traders who prefer versatile access to their trading accounts. Both platforms are renowned for their robust features and reliability.

MetaTrader 4 is a popular platform known for its user-friendly interface, advanced charting tools, and extensive back-testing capabilities. It supports automated trading through Expert Advisors (EAs) written in MQL4, a language that is relatively easy to learn and widely used.

MetaTrader 5 offers additional features, including more timeframes, advanced order types, and an economic calendar. It also supports automated trading with EAs, using the MQL5 programming language, which is more powerful but slightly more complex than MQL4.

What Can you Trade?

FX Live Capital offers a wide range of tradable instruments across various asset classes:

FX Live Capital focuses on offering CFDs (Contracts for Difference) across forex, cryptocurrencies, stocks, stock indices, and commodities. CFDs allow traders to speculate on price movements without owning the underlying asset.

This provides the advantage of leverage, enabling traders to control larger positions with a smaller capital outlay. But, trading CFDs also comes with higher risks, including the potential for significant losses. For more info, please visit the broker's official website.

Available Leverage

FX Live Capital offers a maximum leverage of 500:1 for retail clients. This high leverage allows traders to control large positions with a relatively small amount of capital. However, high leverage also increases the risk of significant losses. It is essential for traders to understand the implications of using leverage and to use it responsibly.

The broker's regulatory framework under Comoros - ML MISA permits this level of leverage, which is higher than what is allowed under more stringent regulators like the FCA or ASIC.

Prohibited Countries

FX Live Capital cannot open client accounts for residents of certain countries. Based on the latest information, the broker does not accept clients from the United States, Canada, Iran, and several other jurisdictions due to regulatory restrictions. It is advisable to check the broker's official website or contact their support team for the most up-to-date list of prohibited countries.

FX Live Capital Account types

	Zero Commission	PRO-ECN	VIP
Commission	$0	from $5	from $3
Maximum leverage	500:1
Mobile Platform	MT4 Mobile, MT5 Mobile
Trading platform	MT4, MT5
Spread Type	Variable Spread
Minimum Deposit	100	200	100
Minimum Trade Size	0.01
Trailing Stops
Scalping Allowed
Hedging Allowed

	Zero Commission
Commission	$0
Maximum leverage	500:1
Trading platform	MT4MT5
Mobile platform	MT4 MobileMT5 Mobile
Spread type	Variable Spread
Minimum deposit	100
Minimum Trade Size	0.01
Trailing Stops
Scalping Allowed
Hedging Allowed

	PRO-ECN
Commission	from $5
Maximum leverage	500:1
Trading platform	MT4MT5
Mobile platform	MT4 MobileMT5 Mobile
Spread type	Variable Spread
Minimum deposit	200
Minimum Trade Size	0.01
Trailing Stops
Scalping Allowed
Hedging Allowed

	VIP
Commission	from $3
Maximum leverage	500:1
Trading platform	MT4MT5
Mobile platform	MT4 MobileMT5 Mobile
Spread type	Variable Spread
Minimum deposit	100
Minimum Trade Size	0.01
Trailing Stops
Scalping Allowed
Hedging Allowed

FX Live Capital Web traffic

Our web traffic data is sourced from SimilarWeb and sums the traffic data of all websites associated with a broker. Organic visits are visits the broker didn't pay for, based on the available data. This data updates once monthly and can be based on data purchased from internet service providers, traffic metrics sourced by a third party such as Google Analytics that the company chooses to share with SimilarWeb, etc.

FX Live Capital Profile

Accepts Canadian clients

Trading API

Negative balance protection

Social trading

Regulatory deposit insurance

Trailing stops

Bonuses

Variable spread