Our experts found out that the broker’s platform offerings include the full suite of MT4 and MT5 platforms. The choice of trading platforms between MT4 and MT5 is not a surprise as being an industry popular and recognized technology it is indeed one of the best choices for a various size or strategy traders. LiteFinance organizes exciting Forex contests with real cash prizes for both experienced and novice traders. These contests are accessible via demo accounts or real trading accounts, and they offer a chance to win cash prizes that can be used for further trading or withdrawals.
What Is The Minimum Deposit For A LiteFinance Account?
Please note, some markets may only be available via CFDs or other derivatives. A Forex Islamic account is a halal trading account and is available to investors prohibited from conducting trades involving interest rates, owing to religious beliefs. As accounts correspond to different servers, it is not possible to change the account type once opened, to do so you will need to delete the account.
LiteForex offers demo accounts that introduce traders to the broker’s services and allow them to tweak their strategies in a risk-free environment. The market is continually evolving and never static, so it is important to hone your skills in a safe environment. You can set up a demo account for yourself alongside your live CFD account.
Customer Support Channels
LiteFinance does not provide any of the necessary third-party add-ons to unlock the full functionality of MT4/MT5 and improve the trading environment. The present choices will leave traders with an incomplete and sub-standard experience unless they are willing to invest in upgrades. Account holders xcritical website 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.
As an alternative, clients can also fund their accounts using cryptocurrencies. 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. The mobile applications are also easy to navigate and available in eight different languages. Additionally, the broker offers a range of educational guides, which are freely available on the website.
Maximum Leverage By Asset Class
Another advantage of LiteForex is its robust and extensive supporting content. Another strong point is the broad range of forex trading educational resources available on the broker’s website. LiteFinance is committed to educating its clients, especially beginners, with a range of educational resources.
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 Standard account minimum is 50$ at the start, and the ECN account set is also 100$ and it is a great opportunity since the requirement is quite low.
Where is Liteforex based?
- LiteFinance Global LLC does not provide services to residents of the EEA countries, USA, Israel, Russia, and some other countries.
- As an alternative, clients can also fund their accounts using cryptocurrencies.
- It informs traders of upcoming market events and releases that have the potential to stir price action, thereby creating viable trading opportunities.
- Users also benefit from signals and copy trading, plus automatic withdrawals up to $3000.
LiteFinance offers an excellent range of trading platforms to cater to different trading preferences. You will find the leading platforms for trading forex and CFDs across all of your devices. Whatever your trading strategy and preferences, there is a platform for everyone. There are no platform fees and the trading conditions are amongst the best you will find from any online trading broker. LiteFinance offers a free demo account which is a great way to get to grips with the broker, and its platforms, risk-free.
This technology xcritically is the leading solution that provides extremely fast execution speeds and the most favorable quotes with xcritical scammers spreads from 0.0 pips allowing you to benefit from it. LiteFinance offers its own mobile trading application, available from Google Play and the App Store. The application offers access to 190 instruments, over 100 graphical tools, and 75 indicators. Users also benefit from signals and copy trading, plus automatic withdrawals up to $3000.
Is LiteFinance regulated?
Founded in 2008, LiteForex is a forex and CFD broker based in Cyprus, authorized by CySEC. It supports the MetaTrader 4 and 5 platforms and offers VPS hosting for low-latency trading. A combination of in-house research and third-party analytics by Claws & Horns offers traders comprehensive market coverage and trading ideas. LiteFinance maintains a blog where analysts provide research and trading signals.
Essentially, the broker lends the trader money so that the latter can open bigger positions. The leverage multiplies the profits a trader generates from winning positions but also the losses incurred from failed trades. Compared to the industry average, LiteForex offers an average amount of forex pairs and commodities, and a high amount of indices. Most apps suffer from the same underlying problem – having to compress complex data on low-resolution devices, which usually makes it quite difficult to discern. But LiteForex’s app retains the web trader’s sophisticated look and feel. It is a great tool for making quick trading decisions, as it incorporates comprehensive research materials and tools.
LiteFinance maintains a wide range of trading instruments, advertising 145+ on its website, offering 225. Over the past twelve months, it made the most notable expansion in cryptocurrencies, where it offers 53 assets, including crypto-to-crypto crosses. Self-confessed Forex Geek spending my days researching and testing everything forex related. I have many years of experience in the forex industry having reviewed thousands of forex robots, brokers, strategies, courses and more.
Since LiteFinance claims to adhere to AML regulations, verification is mandatory. It is generally satisfied by a copy of the trader’s ID and one proof of residency document. Read independent analysts and obtain the most xcritical details about financial markets. In order to optimize the operation of accounts on MT5 trading servers, 30-minute technical maintenance will be carried out. MetaTrader 5 is the latest version of the world’s most popular trading platform with a wider set of features.
