LiteForex Reviews

Similarly, the clients are subjected to corporate actions such as splits, dividends, mergers, etc., which impact the value of index CFDs and equities. The swap-free portfolios of clients have adjusted accordingly, and the broker remains transparent in its pricing environment. The company also maintains its archive to track and record the average spreads, which get updated every week.

The HTTPS data encryption protocol used in Personal Profiles provides safe data transfers between the client and the server and excludes any acts of the client’s personal data interception. Convenient trading conditions, as well as a huge list of trading assets, allow you to work with dozens of strategies. The most profitable and effective of them can always be studied in the “Trading Strategies” section (located in the “Beginners” tab).

LifeForexs Trading Tools

Since I’m a beginner I often write my own silly questions and always get a quick reply . This widespread trading platform provides wide range of trading instruments with Mobile application as well. LiteForex’s clients are guaranteed twenty-four-hour technical assistance 5 days a week.

MT4 – a platform that has long established itself as an excellent tool for trading in the financial markets. The main feature of the MT4 platform is its versatility – it combines hundreds of different functions within one program. You can use 9 timeframes and 30 indicators originally present in MT4.

LiteForex also provides its clients with a free high-quality analysis prepared by an independent Company, Claws&Horns. LiteForex offers a limited selection of educational materials for beginner traders, but their extensive analysis section covers fundamental and technical analyses across a range of currency pairs. A bonus is that one does not have to be a LiteForex Trading client to access this material. LiteForex offers two account types, which is average when compared to other brokers, and the accounts are more suitable for beginners than experienced traders.

Minimum Initial Deposit

If you’d prefer not to have to download the trading software, there is also a web-based MetaTrader 4 WebTerminal, based on HTML5. Their customer support team represents dedicated and reliable assistance and regard on any trading issue their clients face via phone call, live chat and email 24 hours a day and 5 days per week. And most of all profitable trades I made trading with this broker. I would like to separately note the withdrawal of funds, everything happens within the client’s agreement . Due to the fact that LiteForex aims to create the most convenient conditions for all clients, the company made sure to provide the most diverse trading options. Its clients may use the time-tested MT4 platform, the popular MT5 platform, a convenient and accessible web platform on the broker’s official website, or a mobile version of it for IOS and Android.

Besides, if the commission was from the payment system, we will compensate it. This opportunity is available for several payment methods. All information about this everyone can read on the LiteForex website in the deposit / withdrawal section. Our goal today is to ensure the highest quality of service and enlarge regularly the range of our tools and products, keeping pace with the latest technologies and using our rich professional experience. They help me to become a good trader because i had a lot of stupid questions for their support and i got answers for all questions.

LiteForex is an online broker offering its services to customers from different parts of the world. As a company, LiteForex was founded in 2005 under the title LiteForex Investments Limited. This company has more than a decade of experience maintaining the trade order quality of multi-domain financial services to its customers from around the world. As of 2020, LiteForex has over 500,000 clients who trade with the broker actively daily. The company is headquartered in the Marshall Islands and has been operating from there.

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Equity traders get access to large-cap names trending on social media. They are suitable for most retail traders, but seasoned traders require higher quantities. While the 225 assets offer new traders acceptable entry-level exposure, advanced traders will find it inadequate for proper cross-asset diversification. Mobile trading platforms for both iOS and Android with alerts, push notifications and full control over your trading account are also included in the package. Furthermore, the platforms are enhanced with automated trading and social trading capabilities with no restrictions on strategies, also additional complex order types.

All applications and their contents are supported in more than eight languages and are regularly updated. Trading accounts can only be denominated in four base currencies – USD, EUR, GBP, and PLN which is limited compared to other brokers. Most other brokers denominated accounts in at least five to ten currencies. LiteForex offers four base currencies, which is limited compared to other similar brokers. LiteForex does not charge fees for deposits, and as a bonus, it covers deposit fees imposed by the provider. Liteforex’s trading fees are higher than average on both of its accounts.

FXTM Minimum Deposit

A good broker provides traders with good services in many standards, including trading tools, deposits and withdrawals, and customer support. You can decide for yourself whether LiteForex is right for you by looking at the standards. Concerning the findings from this review, LiteForex is a good broker for forex markets.

Both MT4 and MT5 trading platforms have been globally recognized as effective trade tools. MetaTrader 4 is being offered by LiteForex since web-based platforms through the WebTrader interface. To facilitate mobile trading, these platforms are also available as a mobile app, allowing clients to start investing at their convenience. Online reviews indicate that swap rates are applicable on overnight positions while trading in normal market hours is swap-free.

They also offer a proprietary web trading platform and mobile app. LiteForex has a range of articles covering the basics of forex and also outlines interesting strategies developed by professional traders. The LiteFinance YouTube channel has educational videos ranging from trading psychology to crypto trading strategies. Both beginners and advanced traders can benefit from the available educational materials. Educating yourself on how to trade the financial markets can make the difference between success and failure. We check the educational content provided by the broker, its quality and suitability for beginners and advanced traders.

I would also like to note the fast execution of trade orders. Hopefully in the future, their market analysis app will get better. I have been trading on Liteforex for over a year now, and I must say their support team has always respond with speed and ethusiasm, the same goes for their official web development consultant hotline. Bonus 30% for preventing my acount from getting Stopp out. To open an individual account at LiteForex Europe, prospective clients must provide the following information. Support agents were helpful, and there was no need to navigate through a chatbot before reaching a human agent.

The bonus will be cancelled if the whole of client’s own funds is lost. If the margin requirement to maintain open positions is less than the amount of bonus funds, the Stop Out will occur as soon as the equity level reduces to the margin requirement level. Let other traders know if this service is worth checking or should be avoided. Please read LiteFinance Reviews (i.e. LiteForex Reviews) below and share your live trading experiences with this broker. LiteFinance, formerly LiteForex, is a forex broker founded in 2005 with a EU branch in Cyprus.

LiteForex offers an automatic withdrawal feature that enables traders to withdraw funds up to 100 USD per day within 24 hours, which is available on Skrill, Perfect Money, and Neteller. Note that withdrawal requests are processed manually by the Financial Department during its working hours and are processed within one working day of the date of submission. Bank wire transfers can take up to five working days to be processed, depending on the sender’s and beneficiary’s banks’ operation speed. Besides having the client as the main focus of the company, LiteForex broker is also using one of the best platforms for trading on Forex market. The platform that this Forex broker is using is the one used by many other Forex brokers and that MetaTrade or MT 4 platform.

A KYC-based verification is conducted online, which activates the account. It takes around 2 days to get the account verified and activated. For clients in some countries, the verification period may extend to 5 days. Unlike other brokers that offer a range of account types with lower spreads linked to higher minimum deposits, LiteForex offers two market-execution accounts with low minimum deposits.

The online ECN broker LiteForex has been providing its clients access to Tier 1 liquidity in the currency, commodity, and stock market since 2005. All major currency pairs and cross rates, oil, precious metals, stock indexes, blue chips, and the largest set of cryptocurrency pairs can be traded at LiteForex. The trust factor is one of the factors for the new traders to open an account with any of the forex brokers in the industry. We can say that the broker is trustable as it is a member of the Investment Compensation Fund which protects the users in case of bankruptcy.

This is the broker I can trust

We are strongly convinced that only together with our clients can we keep up with modern technologies and improve our services. Meanwhile, demo account is only available for the MT4 platform, offering the same terms as the ECN account. You will have a chance ifc markets review to practice the live conditions of this particular account and check if the platform is suitable for you. The company is officially headquartered at a registered address on Ajeltake Road on the Ajeltake Island in Majuro, Marshall Islands MH96960.

However, International accounts are under the Marshall Islands entity. LiteForex offers 24/5 support across phone, live chat, and email. Support was reliable via email and live chat, but we could not get through by phone. An index is a basket of trading instruments used to gauge a market sector, stocks within an exchange, or a country’s economy. LiteForex has a broad range of instruments available to trade, including forex and CFDs on commodities and stock indices. Share CFDs are available on request, and cryptocurrencies are only available at the offshore entity.

Is LiteForex a trustworthy broker?

Other than communicating with other traders, social trading also enables copying of trades placed by successful traders. If you are a newbie, you can interact with more experienced traders and even copy their trades. Our mission is to provide online investors with the most unbiased, comprehensive reviews and ratings of self-directed brokers. For professional traders and investors, LiteForex recommends the real-trading ECN account. It’s been 10 years since we started providing traders with the most reliable, convenient and cutting-edge Forex services.

How to Trade with LiteForex

In order to activate the bonus, you should enter the promotional code in the special field when you replenish your trading account. The minimum deposit to open either Lite Forex Classic or Lite Forex ECN accounts is $50. If you lost access to your profile common stocks and uncommon profits review or account you need to contact our support team via live chat or email. Your transactions aroused suspicion on the part of the bank also. Compliance officer of bank requested information about this funds from us and blocked our bank account.

LiteForex’s minimum deposit for both accounts is $50, and the main difference is the spread. On the ECN account, the broker takes a commission of $5 on all of the accounts in other currencies, while for the Classic account, there are no fees besides spreads and swaps. Meanwhile, LiteForex MT4 is one of the best platforms in the industry, as any MT4. The platform is the favorite of many traders thanks to a high number of indicators and a vast number of trading features.