LiteForex Broker LiteForex Review

LiteForex utilizes ECN trading technology while also supporting social trading and facilitating copy trading. The brokerage cares deeply about their clients and makes it easy for every type of trader to get started with them. Therefore, should you choose LiteForex as your primary forex trading brokerage? Find out in the following review where we analyze all aspects of this lucrative trading broker and discover if LiteForex is the right online trading brokerage for you. LiteForex is an excellent trading brokerage that accomodates traders of all experience levels and is very reputable in the online trading industry. The brokerage has been awarded various awards by multiple online financial publications for their level of trading services and customer care and support.

For example, the ‘Three Ducks Strategy’, which uses multiple time frames and the 60-period moving average. The LiteFinance YouTube channel has hundreds of educational videos, many of which are focused on trading strategies and analysis of specific markets. We test the broker’s platforms and examine commissions, spreads, and overnight fees to ensure that you can determine if trading with this broker is worth your time and money.

LiteForex has helpful research and educational materials and an intuitive platform, making it a suitable broker for new traders. Spreads in the Classic Account are relatively wide, which may be offputting for active or advanced traders, but more competitive spreads are available via the ECN account. Experienced traders can benefit from the MetaTrader platform, and its algorithmic trading capabilities. Lite Forex offers financial instruments on over 55 forex pairs, metals, oil and stock indexes for your personal investment and trading options. LiteForex has a range of articles covering the basics of forex and also outlines interesting strategies developed by professional traders.

You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. OnlineForex.biz provides news updates and educational information regarding Foreign Exchange trading. OnlineForex.biz works also as an Introducing Broker to the best Forex Brokers around the world.

Is it free to open accounts with LiteForex?

The average volume of transactions with leveraged products you made during the past year. Ηow long you have been trading with leveraged products. To open an individual account at LiteForex Europe, prospective clients must provide the following information.

The fees are not highly competitive, but this may not be a significant factor for casual traders. Reliable support via chat and email and the availability of a personal account manager are a plus for this broker. Traders with the European entity benefit from the protections guaranteed by CySEC.

• The app makes it easy to trade on the go and track your portfolio and trading history.
• To open an individual account at LiteForex Europe, prospective clients must provide the following information.
• A full-sized contract is 100,000 units of the base currency .
• Open long positions on its stock indices in LiteForex’s Forex trading app and watch your account grow together with the price of indices.

The brokerage company has a platform for copying transactions, which allows the trader to unite with other, more experienced traders and receive useful information from them. Lite Forex is a Forex Broker offering Forex Trading services via MetaTrader 4, MetaTrader 5, MT4 and MT5 Mobile and broker liteforex Web trading platforms. Regarding orders execution model, Lite Forex is an a-book broker . Lite Forex offers trading of currencies, indices, stocks, cryptocurrencies and commodities. With its intuitive platform and wide range of tools, LiteForex provides a solid offering for new traders.

Support was reliable via email and live chat, but we could not get through by phone. In this section, we check the broker’s market offering and how varied the instruments and asset classes are. It will allow you to check if they offer what you’re looking for and what you can trade. MetaTrader 4 allows users to develop, test, and apply Expert Advisors . EAs are programs that monitor and trade markets using algorithms. They find opportunities according to set parameters and then create a notification or automatically open a trade.

Traders have access to a Forex glossary, eBooks, tutorials, trading strategies, trading indicators, and a blog with loads of helpful information. In addition to the educational resources, traders also have access to an economic calendar, analytics, various financial calculators, https://forex-review.net/ economic news, and currency rates. All in all, traders at LiteForex are given everything they need to succeed. As LiteForex is based in the Marshall Islands, they are licensed and regulated in accordance with the Marshall Islands Business Corporation Act.

LiteForex supports NBP thus the maximum loss is limited to the total account balance. Some changes made by LiteFinance’s liquidity providers will affect trading conditions of Cryptocurrencyes. The website has been down for almost 8 days, customer service has been non existent and all my deposited funds have been lost.

You are unable to access tradersunion.com

As a non-dealing desk , Straight Through Processing broker, client orders are routed directly from LiteForex to liquidity providers. LiteFinance Global is incorporated in St. Vincent & the Grenadines. The European entity of LiteForex is headquartered in Limassol, Cyprus, and is regulated by the Cyprus Securities and Exchange Commission . With a commission-free spread of 1.8 pips or $18 per 1.0 standard lot, LiteForex maintains an expensive cost structure. The commission-based alternative commences with a 0.0 pips mark-up, but the commissions range between $10 and $30 per lot.

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 hotline. Stable liquidity, with very rare instances of slippage. Bonus 30% for preventing my acount from getting Stopp out. Really, they have questionable spreads and it all looked nice at first till I put a big chunk in and I have been having issues with my account.

What are % of Margin Call and Stop Out of LiteForex?

This service is 100% free, as we get paid only by Forex brokers and never by traders.. “I can not be ashamed to recommend Lightforex to the rest of the traders, as I was pleased with their attitude and special approach to the client. I would especially like to mention the work of managers. But with the work of the trading platform failures repeatedly occur, not yet fully understood with what it can be connected.

The demo account features live quotes and simulates live market conditions in assets such as forex and CFDs on commodities and indices. Once users have gotten up to speed on a demo account, they can easily switch to a live version. In order to achieve your trading goals, you need to choose the right account. We evaluate each broker’s account types, how easy it is to open an account with them, and the steps involved, so you can decide if it is worth your time to open an account.

Affiliate programs at LiteFinance

And now they are not responding via email or live chat. We take the integrity of our platform very seriously, and wanted to let you know this company hasn’t been playing by the rules. When we uncover misuse, we take action and alert our community. If additional suspicious reviews are discovered on this profile, we’ll remove those too.

LiteForex research materials can cater to both beginners and advanced traders. Founded in 2005, LiteForex is a broker providing access to forex and CFDs on commodities, indices, shares, and cryptocurrencies. LiteForex offers trading via their proprietary web platform and mobile app. The popular MetaTrader platform is also available for desktop trading.

We rate brokers overseen by the St. Vincent & the Grenadines Financial Services Authority as unregulated. This section will cover how the different entities of LiteForex are regulated and how this impacts you as a trader. We rate regulators on a scale of 1 to 3, with 1 reflecting the highest level of trust.

Processing times are average for the industry, but we found the withdrawal fees relatively high. The MetaTrader 4 desktop platform is one of the world’s most feature-rich and popular trading platforms. It does not have the most attractive interface, and it requires some time and effort to learn, but that is typical of advanced platforms. LiteForex clients in Europe benefit from the oversight of the Cyprus Securities and Exchange Commission . CySEC requires that clients have negative balance protection, which means they cannot lose more than their deposit.