Supreme Live Trade24 is a forex brokerage firm officially registered on April 3, 2024. This broker primarily offers a wide range of trading markets through platforms such as MT4, MT5, and its proprietary Supreme Live Trade24 trader, including forex, commodities, indices, bonds, cryptocurrencies, stocks, futures, etc. It does not operate in the United States, Canada, Israel, New Zealand, Japan, and Iran among others.
Corporate Registration Information and Regulatory Status:
Public information on the official Supreme Live Trade24 website reveals that the broker has multiple corporate entities and is regulated by various regulatory bodies.
The broker's enterprise entity registered in the United States is Supreme Live Trade24 Ltd, with a registration number of 9291655-2. This entity is authorized and regulated by the "Financial Services Authority of the United States" with a license number RD07599. In Australia, the registered corporate entity is International Capital Markets Pty Ltd, with a registration number of 123 289 109, regulated by the Australian Securities and Investments Commission (ASIC), license number 342893. Its entity in Cyprus is Supreme Live Trade24 (EU) Ltd, regulated by the Cyprus Securities and Exchange Commission (CySEC), with a license number of 493/16. Additionally, the broker has an entity registered in the Bahamas as Supreme Live Trade24 Ltd, with a registration number of 36424 C, regulated by the Securities Commission of The Bahamas (SCB), license number PIA-F629.
Upon verification, it appears that there is no financial regulatory authority named "Financial Services Authority of the United States". The International Capital Markets Pty Ltd is actually an entity registered under the broker IC Markets. The ASIC's official website indicates that the entity with license number 342893 is DJA CAPITAL PTY. LTD, a private financial service consultancy firm. Additionally, CySEC has no record of an entity with a license number 493/16, and SCB does not have a financial category named PIA.
Therefore, part of the corporate registration and regulatory information displayed on the Supreme Live Trade24 official website is fabricated, while another part is stolen from other companies.
Account Opening:
To open an account with Supreme Live Trade24, visit the broker's official homepage, click “OPEN AN ACCOUNT” to enter the account registration page, fill in the required personal information and submit. Once submitted, the account will be successfully registered.
Trading Accounts:
Supreme Live Trade24 offers three different types of trading accounts: Supreme Live Trade24 trader Account, Raw Spread Account, Standard Account.
Supreme Live Trade24 trader Account:
- Trading platform: cTrader
- Commission per lot: $3.0 (round turn $6.0)
- Spreads from: 0.0 pips
- Minimum initial deposit: $200
- Trading leverage: 1:500
- Server location: London
- Micro lot trading (0.01): Supported
- Currency pairs: 64
- Index CFD trading: Supported
- Margin call level: 50%
- One-click trading: Supported
- Islamic account: Supported
- Allowed trading strategies: All
- Order distance limits: None
- Programming language: C
Raw Spread Account:
- Trading platform: MetaTrader
- Commission per lot: $3.5 (round turn $7.0)
- Spreads from: 0.0 pips
- Minimum initial deposit: $200
- Trading leverage: 1:500
- Server location: New York
- Micro lot trading (0.01): Supported
- Currency pairs: 64
- Index CFD trading: Supported
- Margin call level: 50%
- One-click trading: Supported
- Islamic account: Supported
- Allowed trading strategies: All
- Order distance limits: None
- Programming language: MQL4
Standard Account:
- Trading platform: MetaTrader
- Commission per lot: $0.0
- Spreads from: 0.6 pips
- Minimum initial deposit: $200
- Trading leverage: 1:500
- Server location: New York
- Micro lot trading (0.01): Supported
- Currency pairs: 64
- Index CFD trading: Supported
- Margin call level: 50%
- One-click trading: Supported
- Islamic account: Supported
- Allowed trading strategies: All
- Order distance limits: None
- Programming language: MQL4
Trading Platforms:
The official Supreme Live Trade24 website claims to offer MT4, MT5, and its proprietary Supreme Live Trade24 trading platform, but does not provide download links for these platforms, and no broker named Supreme Live Trade24 can be found on the respective platforms.
Deposits and Withdrawals:
Supreme Live Trade24 supports deposits and withdrawals via credit/debit cards, electronic wallets, and other methods.
Conclusion:
Traderknows reminds investors that Supreme Live Trade24 is actually an unregulated scam website. Investors are advised to choose brokers with transparent information, strong regulation, and a good reputation for their investment and trading activities to avoid unnecessary financial losses.
Currently, this broker is marked as "suspected fraud" on Traderknows.
