Livaxxen Review: Is This Broker Legit or Not?
This Livaxxen review will explore common signs of scam brokers and discuss why Livaxxen has attracted attention.
About Livaxxen
Livaxxen is an online trading platform that claims to offer access to a diverse range of global markets, including currencies, commodities, indices, and stocks. The platform promotes features such as leverage up to 1:400, low commission fees, and advanced trading tools. It asserts that it is operated by Investim Capital LTD, regulated under the Malta Financial Services Authority (MFSA) with license number BFX2024039, and provides CFD trading services.
Regulatory Warnings and Complaints
Despite its claims, Livaxxen has faced significant regulatory scrutiny. The French financial regulator, Autorité des Marchés Financiers (AMF), added Livaxxen to its blacklist on October 7, 2024, warning that the platform is not authorized to offer investment services in Europe. Some investors have reported average losses of €25,000, with complaints highlighting aggressive marketing tactics and demands for additional fees upon withdrawal attempts.
Negative Reviews and Trust Issues
Independent reviews further cast doubt on Livaxxen’s legitimacy. Scamadviser assigns the website a very low trust score, citing concerns such as hidden ownership, recent registration, and hosting on a shared server. While some positive reviews exist, the platform’s overall reputation is marred by numerous negative experiences.
Conclusion
Given the regulatory warnings, negative reviews, and trust issues associated with Livaxxen, it is advisable to exercise extreme caution when considering any engagement with this platform. Potential investors should thoroughly research and consult with financial advisors before making any investment decisions.
Scams Report Reviewed Livaxxen
Scams Report, a trusted platform for exposing fraudulent activities, has analyzed Livaxxen and found reasons for concern. The platform specializes in identifying brokers that exhibit red flags commonly associated with scams, such as unclear regulation, questionable practices, or hidden policies.
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