Livo Fx Trade is a contract for difference (CFD) broker. Its website, www.royalcapitaltrustofscland.com, was registered on July 1, 2024. The platform claims to provide investors with CFD trading services across various financial markets, including forex, indices, precious metals, energy, commodities, and cryptocurrencies.
Corporate Services
Account Opening
When attempting to open an account on royalcapitaltrustofscland.com, clicking "START LIVE TRADING" or the "SIGNUP" button in the top right corner fails to navigate to the account application page. The link is broken, making it impossible to open an account.
Investment Plans
royalcapitaltrustofscland.com offers four investment plans: Basic, Silver, Premium, and VIP. Each account corresponds to different investment amounts and expected return rates (ROI):
Basic
- Investment Amount: $1,000—$10,000
- Expected ROI: 15.2% within 24 hours
- Option to copy junior traders
Silver
- Investment Amount: $10,000—$50,000
- Expected ROI: 18.5% within 24 hours
- Option to copy professional traders
Premium
- Investment Amount: $50,000—$150,000
- Expected ROI: 25.5% within 24 hours
- Option to copy expert traders
VIP
- Investment Amount: from $150,000
- Expected ROI: 35.2% within 24 hours
- Option to copy expert traders
Tips: Traderknows reminds investors that excessively high short-term returns are not consistent with the operations of conventional financial markets. Financial markets are often volatile and cannot guarantee stable high returns.
Trading Platforms
royalcapitaltrustofscland.com claims to offer WebTrader, Livo Fx Trade Trade, Livo Fx Trade Options, and internally developed trading programs, as well as MetaTrader 4/5 and IXSocial trading platforms.
However, this broker only provides access to the web-based trading program via its official website. The website does not offer download links for other trading software, and information about the broker cannot be found on the MT4/5 trading platforms.
Deposit and Withdrawal Methods
royalcapitaltrustofscland.com supports deposits via cryptocurrencies. Withdrawals can be made via e-wallets/cryptocurrencies, credit/debit cards, and bank wire transfers.
Social Media and Contacts
Despite displaying icons for Facebook, Instagram, Twitter, etc., on royalcapitaltrustofscland.com, these are mere images without actual link redirects.
Users can contact the broker for customer support via phone, email, and online forms available on the official website.
Company Background and Regulation
Company Background
Livo Fx Trade claims to have been founded in 2009, with headquarters in the UK. It operates as an STP and ECN broker under the trading name Livo Fx and claims to be authorized and regulated in multiple jurisdictions worldwide.
According to publicly available information on its website, the broker's registered entities and regulatory details are as follows:
- Livo Fx Trade (SC) Ltd.: Registered in Seychelles, registration number 8423606-1, regulated by the Seychelles Financial Services Authority (FSA), license number SD025.
- Livo Fx Trade B.V.: Registered in Curaçao, registration number 148698(0), regulated by the Central Bank of Curaçao and Sint Maarten (CBCS), license number 0003LSI.
- Livo Fx Trade (VG) Ltd.: Registered in the British Virgin Islands, regulated by the British Virgin Islands Financial Services Commission (FSC), registration number 2032226, investment business license number SIBA/L/20/1133.
- Livo Fx Trade ZA (PTY) Ltd.: Registered in South Africa, authorized by the Financial Sector Conduct Authority (FSCA), registration number 2020/234138/07, financial service provider number 51024.
- Livo Fx Trade Holdings, LLC: Registered in the UK, regulated by the Financial Conduct Authority (FCA), registration number 2018AD947, license number not disclosed.
Additionally, the broker claims to have an entity in Australia with registration number 2018AD947.
Regulatory Verification
Upon investigation, the registration number 2018AD947 does not return any results in the UK Companies House registry, nor under the name Livo Fx Trade Holdings, LLC. Similarly, Australia's business registry (ABR) does not list a company with this registration number.
Further inquiries reveal that all the regulatory information cited by royalcapitaltrustofscland.com actually belongs to another broker, "Exness." The information has been plagiarized to mislead investors.
Additionally, there are multiple other broker websites with identical content and design to royalcapitaltrustofscland.com, such as: PROFITS OPTIONS, Bitrademining, Altragate, and others.
Conclusion
Traderknows advises investors that royalcapitaltrustofscland.com is a risky website with no legitimate registered entities or effective regulatory oversight. It has copied regulatory information from other legitimate brokers.
Investors should carefully consider their choice of trading platform, prioritizing those that are legally regulated with transparent information to avoid financial loss and reduce investment risk.
