LivQbic is a foreign exchange broker registered in Cyprus, mainly providing investors with foreign exchange, metals, commodities, stocks, indices trading services, the company's official website supports simplified Chinese, English, German, French, Spanish, Italian, Russian as the language of use. In addition, the account registration page of LivQbic's official website only supports English.
Company background:
The official website of LivQbic shows that the company is registered in Cyprus, but the website of the Cyprus Companies and Intellectual Property Registry (Companies Section) does not find any registration information related to the company, indicating that the company is registered in Cyprus information is false. In addition, the domain name registration information of the website queried by Whois shows that the company's official website domain name was registered on January 4, 2019, and the domain name registration time has been more than 4 years ago.
Account Registration:
According to LivQbic's website, the company provides investors with a link to register real accounts. To register a real ACCOUNT, click "SIGN UP" at the upper right corner of the official website of LivQbic, or "OPEN AN ACCOUNT" on the left side of the home page of LivQbic official website to enter the account registration page, and select or fill in the information such as name, Email, password, and telephone number as required to complete the registration of the real account. The account registration page of the LivQbic website is only available in English. However, the LivQbic website does not provide a link to sign up for a demo account.
Account Type:
LivQbic's official website shows that the company provides investors with three different types of trading accounts: BASIC, STANDARD and PROFI. In addition, the LivQbic website also provides the differences between the three types of accounts in terms of minimum deposit, margin (leverage) ratio and customer service.
Trading Products:
According to LivQbic's official website, the company provides investors with trading services for foreign exchange, metals, commodities, stocks and indexes. In addition, the official website of ELivQbic does not provide the specific trading products covered by foreign exchange, metals, commodities, stocks and indices, nor does it provide the commission, spread, minimum trading unit, maximum trading unit, overnight interest and other information of specific trading products.
Margin ratio:
Although the official website of LivQbic shows the margin (leverage) ratio for different accounts in the "Account type", the official website of LivQbic does not provide the margin (leverage) ratio information for specific trading products covered by foreign exchange, metals, commodities, stocks and indices under different account types.
Trading Hours:
LivQbic's official website does not provide information on the trading hours of specific trading products covered by foreign exchange, metals, commodities, stocks, and indexes.
Deposits and Withdrawals:
The official website of LivQbic does not provide the deposit and withdrawal methods and channels it supports, nor does it provide the deposit and withdrawal currencies it supports, as well as information such as deposit and withdrawal fees and deposit and withdrawal time.
Trading Software:
The official website of LivQbic does not provide information about the trading software, nor does it provide a connection to download the trading software.
Regulatory information:
According to the official website of LivQbic, The company is regulated by the Australian Securities and Investors Commission (ASIC), the Dubai Financial Services Authority (DFSA), the South African Financial Sector Conduct Authority (FSCA), the United Kingdom Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), the Belize International Financial Services Commission (IFSC), the United States Securities and Exchange Commission (SEC) ), regulated or authorized by the U.S. Commodity Futures Trading Commission (CFTC). The results showed that none of the websites of the above regulators had any regulatory or authorization information related to the company.
Summary:
LivQbic is suspected of fraud. On the one hand, the official website of LivQbic shows that it is registered in Cyprus, but the website of the Companies Section of Cyprus does not find any registration information related to the company. On the other hand, LivQbic's official website is regulated by the Australian Securities and Investors Commission (ASIC), the Dubai Financial Services Authority (DFSA), the South African Financial Sector Conduct Authority (FSCA), the UK Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), the Belize International Financial Services Commission (IFSC), the US Regulated or authorized by the U.S. Securities and Exchange Commission (SEC) and the U.S. Commodity Futures Trading Commission (CFTC). However, the results of the query showed that none of the above regulatory agency websites queried any regulatory or authorization information related to the company. According to this judgment, LivQbic is suspected of fraud, and investors should be careful to choose the services provided by the company. TraderKnows reminds you, please pay attention to your property safety, to avoid falling into the fraud trap.
