Yet, it is important to note that LiteForex offers its service globally as LiteForex Investments Limited which hasn’t been registered to any financial regulations. This may subject traders to difficulties in filing complaints and compensation claims should there be unfortunate incidents in the future. ECN and Classic are the only account types offered by LiteForex.
- This is something to consider when trading stocks at the weekend, as it is likely margins will be lower and profitability reduced.
- Traders cannot hurry but carefully heed the suggestions and market research tools.
- The sign-up process is straightforward and an account can be opened in under a minute.
- With the support of both MetaTrader 4 and 5 platforms, LiteForex traders are given the freedom of trading various instruments with the most well-known technologies in trading.
- It could explain its corporate headquarters move and expansion into less-regulated cryptocurrency activities.
Simply decide how long you want to invest for and the amount, for example, $500 for three months. Beginning traders need to be very cautious and learn from the xcritical scammers demo account and seniors initially. EKYC is required for security purposes since trading involves extensive money, and a lot of cybercrime happens these days.
MetaTrader 5 is the latest version of the world’s most popular trading platform with a wider set of features. Brokerage services in your country are provided by the Liteforex (Europe) LTD Company (regulated by CySEC’s licence №093/08). To keep their traders engaged in more trading activities, LiteForex also holds seasonal trading contests and various kinds of promotional bonuses. Their profile in numerous review sites also indicates a relatively safe broker for retail traders. This website is using a security service to protect itself from online attacks.
Account Information
It’s important to be fully aware of the risks before you trade. Negative balance protection ensures that when market volatility is unusually high, Liteforex clients are protected from losses exceeding the value of their initial investments. Founded in 2005, Liteforex has grown to the point where it now serves over one and a half million clients. It has won multiple awards and been included on World Finance magazine’s ‘World Finance 100’ international list.
- As one of the leading online brokers of global renown, LiteForex Online Trading Platform has carved a niche with committed services.
- This may subject traders to difficulties in filing complaints and compensation claims should there be unfortunate incidents in the future.
- Online registration merely requires an e-mail address or phone number and a password.
- Liteforex promises to provide support for customers in their native languages, though it’s not clear quite which or how many languages this service is available in.
Therefore, it can be concluded that even though LiteForex is operating as an offshore forex broker, its durability for more than 10 years serves as a reminder of retail traders’ trust. If you want to withdraw funds from your Liteforex account, you will need to do so using the same system that you used to fund the account in the first place. If you have added money using multiple systems, you can use any one of them to withdraw it.
Also, check for the respective server time where you’re based. LiteForex Investments Limited offers two primary live accounts; the ECN account and a Classic account. Compare LiteFinance https://xcritical.pro/ with the top 3 similar brokers that accept traders from your location. Any changes to standard trade hours are reliably communicated by the LiteFinance news blog.
Торгуйте. Общайтесь. Инвестируйте. вместе с LiteFinance
This broker is also known for its ongoing Zero Fees program that relieves traders from the attached fees from each method payment. Liteforex provides a social trading system, but beyond this, it does not have a fxcritical of its own. It does, however, maintain a presence on Facebook, Twitter, Instagram and LinkedIn. Clients can use all these social media platforms to communicate with the broker and with one another. MT4 and MT5 are widely considered to be intuitive and easy to use.
What is the LiteFinance minimum deposit?
The customer support is available via
Email, Phone, Callback, Live chat and Fxcritical. The
customer support provided by LiteForex is truly phenomenal. It’s evident that
the brokerage takes the success of their clients very seriously as they do
everything in their power to help their traders succeed. For instance, traders
have access to numerous eBooks, tutorials, strategies, articles, and more to
help them become better traders.
The mobile apps are also easy to navigate and available in eight different languages. TradingBeasts helps individual traders learn how to trade forex, cryptocurrencies and other assets as CFDs. We verify and compare brokerage companies and warn our readers about suspicious projects or scam marketing campaigns.
Highly competitive spreads and numerous trading instruments
LiteFinance pays strategy providers, adding an attractive revenue stream for successful traders. Mobile trading is available through the MT4 and MT5 platforms. The apps are available to download free of charge on both Android (APK) and Apple (iOS) devices. Users get signals, news alerts, and a range of price analysis features for different trading strategies.
Start investing right now with LiteFinance
The LiteFinance web terminal was created to satisfy the needs of an ordinary trader. There is a built-in strategy tester for indicators and trading systems with backtesting. It supports xcritical algorithmic trading, creating templates, and so on. LiteFinance notes a 30% deposit bonus for the Classic account, where trading costs are 80% higher than its ECN account.
LiteFinance online trading platform compared to MT4
The broker has been included in the World Finance 100 list by World Finance magazine. LiteForex supports mobile trading by
providing their clients with an entire suite of proprietary mobile trading
applications. The mobile applications available include; Forex Analysis, Forex Signals,
Trading Strategies, Mobile Trading, Forex Digest, and Currency Rates.