All in all, traders at LiteForex are given everythingthey need to succeed. TheMetaTrader platforms feature fully customizable user interfaces as well aswatch lists, market news integrations, advanced order windows, a sophisticatedcharting package and more. Another cool feature isthe ability to follow and copy other successful traders trades with the socialtrading and copy trading features.
What platforms does LiteForex offer?
LiteForex has a very good education center with advanced Forex trading educational materials and books. LiteForexis a large and established online trading brokerage who serves theinternational markets by accepting traders from around the world and offeringtheir services in over 10 languages. The brokerage specializes in the tradingof forex and has been providing reliable and innovative forex trading servicessince their establishment in 2005.
Biểu đồ thanh Range: Cách sử dụng chúng trong giao dịch Forex
Another strong point is the broad range of forex trading educational resources available on the broker’s website. Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today. His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis.
Login to LiteFinance Global LLC
Brokerage services in your country are provided by the Liteforex (Europe) LTD Company (regulated by CySEC’s licence №093/08). LiteFinance is a top Forex broker that has been operating since 2005. It offers trading in currencies, cryptocurrencies, stock indexes, shares, precious metals, and en…
Dear Aleksey D,We are glad that you appreciated our services and that you are an active trader. Most traders will deal with the primary unregulated brokerage from St. Vincent and the Grenadines. A CySEC licensed subsidiary exists for the EEA, the UAE, and the Marshall Islands traders. LiteFinance does not advertise its deposit and withdrawal policies, but some traders have reported issues and cancellations. The brokerage operating from St. Vincent and the Grenadines remains unregulated. A CySEC-regulated entity caters to EEA, UAE, and Marshall Islands traders.
LiteFinance
- Dormant accounts are charged an inactivity fee of $3, which is quite low.
- In our reviews, we examine the licenses and regulations of each entity operated by a broker, allowing us to compare their different levels of protection.
- The spreads are verycompetitive with the industry standards but are nothing extraordinarily low.
- Open an account with LiteForex and gain access to quality analysis for free.
- It facilitates technical analysis by providing an overview of price action behavior.
I also went over the broker’s legal documents and assessed that everything was in order. Its Client Agreement is exhaustive and written in easy-to-understand language. Some regulators mandate compliance with the strictest financial frameworks, whereas others are less rigid. That is why traders must familiarize themselves with the safety mechanisms ensured by the entity they want to open an account. Use local and global bank transfers, cards, and cryptos to top up your trading accounts.
I appreciated that the materials are supported with tests to help the reader solidify what has been learned. The agent quickly answered the first and simplest question but appeared to struggle with more complex inquiries. Thus, I concluded that https://investmentsanalysis.info/’s customer support is good but could be improved. Traders can access LiteForex’s copy trading environment from the ‘Investing’ section of the website. The performance of all the available trading strategies is presented in the ‘Traders Ranking’ subsection. I did not discover any major discrepancies, and all essential safety information is readily available.
This ensures data privacy and software stability while granting users access to mobile and desktop trading 24 hours a day. The broker’s excellent customer service (which is available day and night most days of the week) adds an extra element of reliability to an already impressive service offering. The ECN account offers generally more favorable conditions, though traders should mind the commission rate. Coupled with its raw spreads starting from 0.0 pips, this combination on the ECN account is generally better than the industry average. However, the broker charges higher commission rates on instruments from other asset classes.
LiteForex is owned and operated by LiteForexInvestments Ltd. and is registered in the Marshall Islands with theirheadquarters located at Ajeltake Road, Ajeltake Island, Majuro, MarshallIslands MH96960. LiteForex utilizes ECN trading technology while alsosupporting social trading and facilitating copy trading. The brokerage caresdeeply about their clients and makes it easy for every type of trader to getstarted with them. Therefore, should you choose LiteForex as your primary forextrading brokerage? Find out in the following review where we analyze allaspects of this lucrative trading broker and discover if LiteForex is the rightonline trading brokerage for you. LiteForex is an excellent trading brokeragethat accomodates traders of all experience levels and is very reputable in theonline trading industry.
This broker has invested substantially in the functionality and navigability, which makes an excellent first impression on would-be traders. The LiteForex site features extensive information about the account types and assets available to buy and sell using its platform. Customer service contact information is prominently displayed for smooth communication with the support team. LiteForex users can choose between MetaTrader 4 and MetaTrader 5 as platforms for their trading activities.
I have compiled the table below to help you better understand the difference between the trading fees of LiteForex’s two account types and the industry average. It illustrates the spreads and commissions I have recorded for the EUR/USD pair and compares them against the typical costs for ECN and STP accounts in the industry at large. It presents traders with an ideal environment to test EAs and new strategies.
It is generally satisfied by a copy of the trader’s ID and one proof of residency document. LiteFinance features a Beginner section on its blog, where it presents educational content featuring dozens of quality articles. I recommend traders use it as part of their education before opening an account. Equity traders get access to large-cap names trending on social media.
