Live24Trade Review: Is Live24Trade a Safe Broker for Your Trading?

This Live24Trade review covers regulation, fees, platforms and bonuses.

Official website: Live24Trade

Live24Trade Review: Overview

Live24Trade is a forex and multi-asset broker that operates on an STP/ECN model. It was established in 2023 and is based in Australia, with its head office at 3/303 Garling St, O'connor WA 6164, Perth, Australia. The company is publicly traded. This review explains what Live24Trade offers, from regulation and account types to platforms, costs, deposits, withdrawals and bonuses, so you can judge whether it suits your trading style.

Trading forex and CFDs on leverage carries a high risk of losing money. Before you open a live account, make sure you understand how leveraged products work and only trade with money you can afford to lose.

You can visit the broker's official website here: Live24Trade. The site is available in English.

Regulation and Safety

Live24Trade is listed as regulated under a Financial Services Guide (FSG). In Australia, an FSG is a disclosure document that financial services providers must give to clients. It sets out information about the provider, the services offered and how they are paid. An FSG on its own is not the same as a licence, so it is worth looking further.

Before depositing, check the broker's licence status directly with the relevant regulator, such as ASIC's public register in Australia. Confirm that the legal entity you would be dealing with is the one that holds the licence, and read the risk warnings and client agreements on the official website.

Live24Trade also states that it keeps segregated client funds. Segregation generally means client money is held separately from the company's own operating money. This is a useful safeguard, but it does not remove trading risk, and it does not protect you from losses caused by market moves.

Account Types

Live24Trade offers a range of account types, which makes it easier to choose a setup that fits your budget and experience level:

• Free demo account: practise with virtual funds before risking real money.
• Mini accounts: designed for traders who want to start with smaller positions.
• VIP accounts: higher-tier accounts for more experienced or higher-volume clients. Check the official website for the specific requirements.
• Islamic accounts: accounts structured to follow Sharia principles, with no swap charges.
• Swap-free accounts: accounts without overnight swap charges.
• Managed accounts: accounts where trading may be handled on your behalf. Read the conditions carefully before you use this option.

The minimum deposit to open an account is 100. The account base currencies listed are AUD, USD, GBP, EUR, CAD and Morr. Choosing a base currency that matches your deposit currency can help you avoid unnecessary conversion costs, so check which currencies are available for the account you want.

Trading Platforms

Live24Trade gives clients three platforms: MetaTrader 5, Mobile Trader and Web Trader. MetaTrader 5 is a widely used desktop platform with charting tools, technical indicators and support for automated strategies. Web trading runs in your browser, so you can trade without installing software. Mobile trading lets you manage positions on your phone or tablet, which is useful if you need to react to news or price moves while away from your desk.

Both web and mobile trading are available. If you trade on the go, test the mobile app on a demo account first to see whether the charts, order tools and alerts suit your routine.

Spreads, Fees and Leverage

Live24Trade advertises spreads from 0.0 Pips* and leverage up to 1:500*. Both figures carry an asterisk, which means they depend on conditions. The FAQ on this page notes that leverage may be lower depending on your country and account type, and the same caution applies to spreads. Read the official website for the exact conditions that apply to your account.

Spreads are only one part of trading costs. When comparing brokers, also look at commissions, overnight swap charges (unless you use a swap-free account), inactivity fees, deposit and withdrawal fees, and any currency conversion costs. Live24Trade's own fee schedule should be checked directly, because this review does not list those charges.

High leverage can multiply gains, but it also multiplies losses. A small price move against a leveraged position can lead to large losses quickly, and you can lose more than you deposit in some cases depending on the account and jurisdiction. Use stop-loss orders, size your positions carefully and never risk money you cannot afford to lose.

Trading Rules and Markets

Live24Trade allows hedging, scalping and news trading. These are useful for traders who use specific strategies, but they are not allowed at every broker, so it is good to confirm the rules before you start. Scalping strategies in particular often depend on fast execution and low costs, so test them on a demo account first.

The instruments available include forex currencies, commodities, indices, stocks, cryptocurrencies and more. Having several asset classes in one account can help you diversify, but each market behaves differently and carries its own risks. Check the contract specifications for each instrument on the platform before you trade it.

Deposits and Withdrawals

Live24Trade accepts deposits by cryptocurrency, Visa/Mastercard, bank transfer, and Skrill / Neteller and similar e-wallets. Withdrawals are offered through the same methods: cryptocurrency, Visa/Mastercard, bank transfer, and Skrill / Neteller etc.

Processing times, limits and any fees for each method are not included in the information used for this review, so check them on the official website before you deposit. Also keep in mind that some payment providers may apply their own charges, and card or bank transfer withdrawals can take longer than e-wallet or crypto withdrawals.

Bonuses

Live24Trade lists a 100% Welcome Deposit Bonus as its welcome bonus. It also lists the same 100% Welcome Deposit Bonus under other promotions. There is no no-deposit bonus.

Deposit bonuses can look attractive, but they usually come with conditions such as trading volume requirements, withdrawal restrictions and time limits. Bonus terms can change, so always read the full conditions before you deposit. Make sure you understand how the bonus is credited, how it can be withdrawn, and what happens to it if you close positions early. If you are comparing offers, look at the terms, not just the headline percentage.

Customer Support

The website is available in English. The information used for this review does not list specific support channels, opening hours or response times. Before opening an account, check the contact options on the official website and, if possible, test them with a question about account setup or deposits. How quickly and clearly a broker answers questions is a useful sign of how it will treat you when something goes wrong.

Pros and Cons

Pros

• Low minimum deposit of 100.
• Three trading platforms: MetaTrader 5, Mobile Trader and Web Trader.
• Range of account types, including demo, mini, VIP, Islamic, swap-free and managed accounts.
• Segregated client funds are stated as available.
• Hedging, scalping and news trading are allowed.
• Multiple deposit and withdrawal methods, including cryptocurrency and e-wallets.
• Access to a range of markets, including forex, commodities, indices, stocks and cryptocurrencies.
• Website available in English.

Cons

• Established in 2023, so the company has a relatively short track record.
• The FSG is a disclosure document, so readers should verify the licence independently.
• Key figures such as spreads and leverage depend on conditions marked with an asterisk.
• No no-deposit bonus is offered.
• Bonus terms require careful reading and can change.
• Fee schedules, processing times and support details are not covered in the information reviewed here.
• Leverage up to 1:500 carries a high risk of rapid losses.

Verdict

Live24Trade is a STP/ECN