Beware! Global Fxlive Trade is an offshore broker! Your investment may be at risk.


Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.


Global Fxlive Trade is a typical example of a scam relying on the poor knowledge of the general public about financial markets. This website promises passive income through investments in financial instruments, but is in fact not a legitimate financial services provider. In this review, we will show you how to determine whether a broker is legitimate or not.

Global Fxlive Trade Regulation and safety of funds

Guaranteed FundsSegregated AccountsNegative balance protection
Global Fxlive Trade
UK regulated brokers£85 000YesYes
EU regulated brokers€20 000YesYes
AU regulated brokersNoYesYes
US regulted brokersYesYesNo

The most important information about a financial services provider is its regulatory status. Licensed brokers provide detailed information about which company runs them, where it is based, which jurisdictions it is authorised in and which regulatory bodies oversee its activities.

Genuine brokers also provide access to a comprehensive set of legal documentation. The availability of such information does not guarantee that it is not false or misleading. But the absence of these elements is very indicative that in all likelihood you are dealing with scammers.

Global Fxlive Trade does not disclose the name of the company behind the website and does not provide access to Terms and Conditions or other mandatory documentation. If you don’t know exactly who you are dealing with and what the terms of the deal are it would be an obvious mistake to put your money on the line.

On the homepage of the website, we see a statement that Global Fxlive Trade is based in Canada:

But at the same time a contact address in the UK is listed:

A check of the records of the relevant financial regulators leads us to a warning that Global Fxlive Trade is not authorised:

Under no circumstances should you trust your money to such anonymous websites full of false and contradictory information. Instead, you can turn to one of the many companies that really work under the supervision of respected regulatory bodies like Cyprus Securities and Exchange Commission (CySEC) or Financial Conduct Authority (FCA) in the UK.

As their customer you will enjoy a number of guarantees including negative balance protection and guarantee for your funds if the broker goes bankrupt, which goes up to EUR 20,000 in EU and 85,000 GBP in the UK. Regulations in the UK and EU include some important measures designed to improve investor protection and promote market integrity and transparency, such as transaction reporting. Regulated brokers are also required to segregate their operational funds from the client’s money.

Global Fxlive Trade Trading software

Analytical toolsAuto tradingCustom indicatorsMobile apps
Global Fxlive Trade
MT430+ indicatorsAndroid and iOS
MT550+ indicatorsAndroid and iOS
cTrader40+ indicatorsAndroid and iOS

After registering an account we get access to a very rudimentary web trading platform that lacks basic functionality for such software.

But even if Global Fxlive Trade had a more convincing platform, that would not make this website credible. Fake brokers use rigged trading software to mislead their victims that their money is really being invested. But this trade is entirely sham.

If you use the services of a licensed broker, you will get the opportunity to use established software with advanced features and versions for all types of devices and operating systems. The most widely used trading platforms in the industry are MetaTrader 4 (MT4) and MetaTrader 5 (MT5).

These platforms have established themselves as industry standard because they offer a wide range of features, including a variety of options for customization, multiple account usage, designing and implementing custom scripts for automated trading and backtesting trade strategies.

Global Fxlive Trade Trading instruments

Global Fxlive Trade

Global Fxlive Trade presents cryptocurrency trading as a core service. This also proves that it is not a legitimate broker operating in the UK. Financial regulations in this jurisdiction prohibit trading in crypto derivatives.

Global Fxlive Trade Spreads and cost of trading

Global Fxlive TradeXMFBSFXTM
Spread EURUSD0.611.1
Spread GBPUSD1.31.21.4
Spread USDJPY1.31.21.4

Global Fxlive Trade does not provide clear information on trading parameters. Genuine forex brokers provide detailed information about the trading conditions. Legitimate companies also offer different account types to suit clients with different experience, capital and investment intentions.

Global Fxlive Trade Maximum leverage

Global Fxlive Trade brokerNot specifiedNot specified10:1Not specifiedNot specified
UK regulated brokers30:15:110:110:1
EU regulated brokers30:15:12:110:110:1
AU regulated brokers30:15:12:110:110:1
US regulated brokers50:1

High leverage creates the opportunity for more significant profit, but correspondingly increases the risk of sudden and excessive losses. All leading regulators therefore restrict leverage for retail traders. The FCA, like EU regulators, limits leverage to 1:30 for trading in major currency pairs and even lower levels for more volatile assets.

Higher levels of leverage are only offered to professional clients who trade entirely at their own risk. If you don’t qualify as a professional trader but are willing to take the risk of high-leverage trading, the most viable option is to use the services of an offshore affiliate of an established brand.

Global Fxlive Trade Deposit and withdrawal methods

Deposit timeWithdrawal timePrice
Crypto24 hours24 hoursFee depends on crypto

We weren’t at all surprised that the only payment method accepted by Global Fxlive Trade is Bitcoin.

Cryptocurrencies are the payment method of choice for most financial scammers. The reason for this is that on the one hand cryptocurrencies provide a degree of anonymity and on the other hand they do not allow the defrauded person to ask for a refund.

If you’re interested in legitimate brokers that accept digital currency payments alongside conventional methods, check out this list.

Global Fxlive Trade Minimum deposit

Global Fxlive TradeXMFBSFXTM
Minimum deposit$300$5$10$5

Global Fxlive Trade requires a minimum investment of 300 USD. For a significantly lower amount you could start trading through a licensed and established forex broker.

Global Fxlive Trade Withdrawal requirements

Trading volumeFee/Tax on withdrawalMinimum withdrawal
Global Fxlive TradeNot specifiedNot specifiedNot specified
UK regulated brokersNoNoNo
EU regulated brokersNoNoNo
AU regulated brokersNoNoNo
US regulated brokersNoNoNo

The lack of a publicly available Terms and Conditions or Client Agreement means that scammers may have set many traps such as hidden fees and impossible-to-meet  withdrawal terms.

Top Forex Brokers

BrokerCountryRatingMin. DepositWebsite
US4.99/5$50 Click for a special offerWebsite

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