Another benefit related to the European Union’s financial markets regulations is the negative balance protection feature that applies to both account types. The Cyprus Investor Compensation Fund covers all retail trading accounts (for those not belonging to professional or institutional investors) against broker liquidation to a maximum value of EUR 20,000. Overall, LiteForex is an excellent proposition for both beginner traders and professionals thanks to its range of account types and the wealth of financial information available to account holders. Private investors focusing primarily on forex pairs while appreciating transparency and competitive pricing will benefit, especially from this broker’s offering. LiteForex has a track record of more than 15 years in the online brokerage industry with offices in jurisdictions worldwide.
Consider this information when making trading decisions and ensure sufficient funds in your account. Get access to a trading video course right after registration. Register, verify your profile for your data protection, and open a trading account. Raw spreads from 0 points, the best liquidity providers, and ECN technologies make it profitable to trade with LiteFinance. Liteforex (Europe) LTD provides services only to the residents of countries from the European Economic Area (EEA), the United Arab Emirates, and the Marshall Islands.Full list of countries is available here.
Trader’s instruments necessary for succesfull trading
- 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.
- This broker provides a reliable and engaging copy trading facility that functions as a social media network.
- Forex traders focused primarily on major and exotic currency pairs will benefit from competitive spreads and a transparent fee structure while using the industry-standard MetaTrader platform.
- The LiteForex site features extensive information about the account types and assets available to buy and sell using its platform.
Traders considering availing themselves of the various benefits of a LiteForex account will want to weigh up the benefits and risks involved, bearing in mind that the company operates in a well-regulated jurisdiction. This broker provides a reliable and engaging copy trading facility that functions as a social media network. Users can view the trades carried out by top-ranked account holders and imitate their winning strategies as they aim to increase their performance daily. Read independent analysts and obtain the most xcritical details about financial markets. CTrader is a platform with a user-friendly interface, advanced chart analysis tools, and unique algorithmic trading options. MetaTrader 5 is the latest version of the world’s most popular trading platform with a wider set of features.
Another strong point is the broad range of forex trading educational resources available on the broker’s website. These range from tutorials and summaries of well-known books on investing, economics, and financial markets to the opportunity to access expert analysis through a partnership with financial insights provider Claws & Horns. The customer onboarding process employed by this brokerage is simple, with users offered the option of signing up for a demo account that is compatible with MT4 and MT5. Depositing and withdrawing funds is also straightforward and should pose no difficulties to traders regardless of their experience level. This company is a registered broker operating from Cyprus, an EU member state located in Southern Europe.
Download MetaTrader 5 Forex trading platform
Forex traders focused primarily on major and exotic currency pairs will benefit from competitive spreads and a transparent fee structure while using the industry-standard MetaTrader platform. LiteForex users can choose between MetaTrader 4 and MetaTrader 5 as platforms for their trading activities. 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. 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.
The online platform designed by LiteFinance is a one-stop trading system that provides a trader with all necessary tools and does not require installing. Brokerage services in your country are provided by the company xcritical rezension LiteFinance Global LLC (registered in St. Vincent & the Grenadines as a Limited Liability Company with registration number 931 LLC 2021). You can download MetaTrader 5 in the “Trading Platforms” section of your broker’s website. To install the platform, double-click on the downloaded file “litefinance5setup.exe”. Choose a directory for installing the program and follow the installation program tips. LiteFinance Global LLC does not provide services to residents of the EEA countries, USA, Israel, Russia, and some other countries.
Customer service contact information is prominently displayed for smooth communication with the support team. Account holders can choose between MetaTrader 4 and MetaTrader 5 as a trading platform. This industry-standard software comes with a raft of features and benefits and is recognized for its data security features, analytics tools, and quick execution times.
Analysis and forecasts
The Classic account features 0% commissions with the spreads, including a markup, as outlined above. xcritical cheating However, the ECN account, which is aimed at professional and institutional users, charges a flat commission of $5 per round trip per lot. LiteForex is recommended for traders of various experience levels thanks to the extensive investor education resources provided on the website and through the brokerage’s partnership with Claws & Horns, which adds extra value.
Highly competitive spreads and numerous trading instruments
Over the long years of successful work on the Forex trade market, we have managed to figure out how to simplify our system of trading accounts and services to meet better our clients’ needs. An easy-to-use dedicated trading platform provides a comprehensive analytical toolkit and suits any trader regardless of experience. Trade by yourself, copy trades and make money in the markets with a reliable broker on a user-friendly platform and on the best terms.
