Our View
The official Panama warning is material evidence for users considering activity in or from Panama. It says FX Live Capital is not, and has not been, the holder of an SMV licence. Its geographic scope should be stated accurately rather than expanded into a conclusion about every group entity worldwide.
The supplied broker disclosure names FX LIVE CAPITAL Ltd. in Saint Lucia and LIVE GLOBAL CAPITAL Ltd. in Mauritius, with licence GB24203699 claimed for the latter. The current about-page URL returned a 404 during this research, and no entity-specific FSC record was retrieved to confirm that claim. Before funding, identify the precise counterparty in the customer agreement, verify its permissions and establish which protection and complaint arrangements actually apply. A group-level licence statement is not sufficient for an account with another entity.
“Not rated” does not mean that a broker is either safe or unsafe. BrokerSafari does not assign a numerical score when there is insufficient verified evidence for a meaningful rating.
Regulatory Warning — Panama SMV
On August 29, 2025, Panama’s SMV issued an investor warning concerning FX Live Capital. The SMV states that FX Live Capital is not, and has not been, the holder of an SMV licence and is not authorized to conduct intermediation, administration or advisory business in securities, financial instruments or forex in or from Panama.
This is a Panama authorization warning. It is not, by itself, proof that every entity operating under the FX LIVE brand is unregulated in every country. It does not independently establish the status or account coverage of the separately disclosed Mauritius entity.
Source: Panama SMV — FX Live Capital investor warning, August 29, 2025 · Last Checked:
What Is FX Live Capital?
FX Live Capital’s current website promotes CFD trading, prop trading and copy trading. Its broker page names MetaTrader 5 and describes access to forex and CFDs on several asset classes. These are company descriptions, not BrokerSafari findings about execution quality, product access or transaction performance.
The supplied research brief records a broker disclosure that FX LIVE CAPITAL Ltd. is incorporated in Saint Lucia under registration 2024-00428. It separately records a claim that LIVE GLOBAL CAPITAL Ltd. is a Mauritius company authorized by the FSC as an Investment Dealer under GB24203699. The older about-page URL identified in search results returned a 404 when retrieved. The underlying incorporation and licence status therefore remain unconfirmed in this review; the supplied statements are retained as attributed claims, not verified register facts.
The SMV warning provides independent evidence about authorization in Panama. It should be read alongside, not substituted for, entity-specific checks in other jurisdictions. The brand, the firm signing a customer agreement, the payment recipient and any firm claiming a licence need to be reconciled. BrokerSafari has not established that all customers contract with the same group company or receive the same legal protections. Marketing claims about speed, spreads or successful withdrawals are not treated as operational testing.
Is FX Live Capital Regulated?
| Panama — SMV | Official warning dated August 29, 2025: no SMV licence; no authorization for the stated activities in or from Panama. |
|---|---|
| Saint Lucia — FX LIVE CAPITAL Ltd. | Company incorporation 2024-00428 is a broker-disclosed statement in the supplied brief, not independent financial-services authorization. |
| Mauritius — LIVE GLOBAL CAPITAL Ltd. | Investment Dealer licence GB24203699 is a broker-disclosed claim. Not independently verified by BrokerSafari. |
| Account coverage | Exact contracting entity, current licence status, permitted services and customer coverage must be checked separately. |
Source: Panama SMV — primary warning · Last Checked:
Source: Supplied research brief — attributed FX Live Capital legal/regulatory disclosures; original current disclosure not retrieved · Last Checked:
The FSC public-register entry point was reviewed, but an entity-specific result confirming GB24203699 was not established. This does not prove absence of a licence. BrokerSafari has not independently confirmed a financial-services licence for the entity serving a particular FX Live Capital account.
Source: Mauritius FSC — public-register entry point, not a confirmed licence result · Last Checked:
Company and Legal Entity
Treat FX LIVE CAPITAL Ltd. and LIVE GLOBAL CAPITAL Ltd. as separately named entities. The supplied Saint Lucia registration number is not a Mauritius investment-dealer licence, and the claimed Mauritius licence cannot be assigned to the Saint Lucia company by implication. Ownership, group-control relationships and the applicable account counterparty are not independently verified here.
A brand name, a company registration and a financial-services licence are different things. A company registration alone should not be interpreted as a financial-services licence. The legal entity in the customer agreement must match the relevant regulatory record and the services being supplied.
Markets and Trading Products
The retrieved company website promotes forex and CFDs on indices, shares, commodities, metals, energy and cryptocurrency-related markets. This confirms the presence of those marketing descriptions, not the availability of every instrument for every entity. Obtain the product specification, margin rules and customer agreement for the actual account.
Source: FX Live Capital — current broker offering · Last Checked:
Trading Platform
The broker page promotes MetaTrader 5, mobile access and a web terminal. Platform branding does not confirm the legal entity running an account or establish the quality of fills, server availability or safeguards. No app publisher, server ownership or execution audit was independently established.
Source: FX Live Capital — published platform description · Last Checked:
BrokerSafari has not independently tested the trading platform. A published platform name or download link is not a test of execution, account access, data security or the ability to recover money.
Fees and Trading Costs
The website makes commission and spread claims, but a complete, entity-specific contractual fee schedule was not independently established. BrokerSafari could not identify enough publicly available pricing information to provide a reliable fee comparison. Confirm commissions, variable spreads, overnight financing, conversion and non-trading charges in writing; headline pricing is not a total-cost calculation.
Deposits and Withdrawals
The website advertises withdrawal services and speed. Those statements are company claims, not evidence that a particular withdrawal will be approved or completed within that period. Account-specific payment methods, payment recipients, limits, charges and withdrawal eligibility were not independently verified.
BrokerSafari has not independently tested withdrawals from FX Live Capital. Before funding an unfamiliar provider, review withdrawal eligibility, identity-verification requirements, fees, payment-recipient details and the entity responsible for the account. No withdrawal speed or success rate is asserted here.
Is FX Live Capital Safe?
The SMV warning, unresolved entity-specific licence coverage and incomplete contractual information are relevant limitations. The claimed Mauritius permission should be checked directly under LIVE GLOBAL CAPITAL Ltd., and the agreement must show whether that is actually the account-serving entity.
No independent audit of client-money arrangements, capital adequacy, execution or withdrawal performance was reviewed. Neither a company registration nor a platform name establishes safety. The Panama warning should not be generalized into a worldwide finding about unrelated entities.
What Should Traders Verify?
- Match the exact website and legal entity against the customer agreement and payment recipient.
- Search the relevant regulator’s official register; compare the name, domain, reference number and contact details.
- Check whether the permission covers the intended service, client category and jurisdiction.
- Read the complete fee schedule, including overnight financing, conversion and account charges.
- Review funding, withdrawal and account-closure terms before sending money.
- Identify the complaint route and any investor-protection eligibility; do not assume these apply across a group.
Evidence Reviewed
| Panama SMV investor warning | Primary regulatory source — checked by BrokerSafari. Verifies the August 29, 2025 warning and its Panama-specific authorization statement. Last checked: 19 October 2026. |
|---|---|
| FX Live Capital website and broker page | Broker-disclosed source. Current CFD and MT5 marketing descriptions, not live-account performance or legal authorization. Last checked: 19 October 2026. |
| FX Live Capital legal/regulatory disclosure in supplied brief | Supplied broker-disclosed material. Attributed Saint Lucia and Mauritius claims. The original about page returned 404; current legal disclosure and register status were not confirmed. Last checked: 19 October 2026. |
| Mauritius FSC public register | Primary regulatory source — verification route only. Register access was reviewed; no entity-specific licence result is claimed for GB24203699. Last checked: 19 October 2026. |
Source: Panama SMV investor warning — Primary regulatory source — checked by BrokerSafari · Last Checked:
Source: FX Live Capital website and broker page — Broker-disclosed source · Last Checked:
Source: FX Live Capital legal/regulatory disclosure in supplied brief — Supplied broker-disclosed material · Last Checked:
Source: Mauritius FSC public register — Primary regulatory source — verification route only · Last Checked:
A Last Checked date records when the source or its availability was reviewed. It is not a promise of continuous monitoring. A record found for a similarly named company is not transferred to the entity under review. No third-party rating or customer report is adopted as regulatory verification.
What We Could Verify
- The SMV’s August 29, 2025 warning was retrieved from the regulator’s website.
- The current company website promotes CFD services and MetaTrader 5.
- The Panama warning describes authorization in or from Panama, not a worldwide determination.
Information Still Unclear
- Mauritius licence GB24203699, its status, scope and account coverage remain independently unconfirmed.
- The Saint Lucia and Mauritius legal-entity disclosures require current primary-record confirmation.
- The account-serving entity, complete fees, funding terms and withdrawal performance remain unverified.
How BrokerSafari reviews brokers
| Evidence standards | BrokerSafari prioritizes primary evidence such as financial-regulator registers, legal disclosures and official company documents. Broker claims are attributed to the broker unless independently verified. Third-party reviews and user reports may provide useful context, but they are not treated as substitutes for regulatory records. |
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Risk disclaimer
This review is general research, not personal financial advice or a recommendation to open an account. Trading and investing involve the risk of loss. Leverage can increase losses, while regulatory authorization does not guarantee investment performance, withdrawal outcomes or provider solvency.
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FAQ
The SMV has warned that FX Live Capital has no SMV licence for the described activities in or from Panama. Separately, the supplied broker disclosure claims a Mauritius FSC Investment Dealer licence, GB24203699, for LIVE GLOBAL CAPITAL Ltd. That specific licence was not independently confirmed here. It must not be treated as covering FX LIVE CAPITAL Ltd. in Saint Lucia or every customer.