Where LiteForex excels is in the trading tools offered for free by the broker. The tools include an economic calendar, technical and fundamental Forex analysis, analytical materials from Clawthorne (an independent trading agency), economic news, a currency calculator, and currency rates. All these tools are useful when trading and provide some assistance to traders, increasing their potential accuracy when making trading decisions. LiteForex also offers a Fibonacci calculator, which can further assist traders in defining better entry and exit points. LiteForex provides MetaTrader 4 (MT4) and MetaTrader 5 (MT5) as the main trading platforms. These platforms are among the most advanced trading software in the world, providing many inbuilt indicators and the ability to install custom indicators and automated trading systems called Expert Advisors (EAs).
https://scamforex.net/ is a regulated broker offering Forex pairs as its main trading product. The broker has a social trading platform and offers ECN technology which is available together with automated withdrawals, making the trading process very comfortable and streamlined. But the broker has high spreads and commissions and may not be suitable for traders who prefer low trading fees and commissions. ECN accounts offer much more value in trading terms with low spreads, but still, the commissions are higher than with other popular brokers.
- This company is a registered broker operating from Cyprus, an EU member state located in Southern Europe.
- As we have seen above the LiteForex fees seem a bit high, to further clarify the picture let’s compare it with other popular brokers on the market.
- Read Dow Jones Industrial Average (DJIA) price forecast and make your price prediction.
- The Classic account features 0% commissions with the spreads, including a markup, as outlined above.
It is possible to access xcritical rezension live chat in a demo mode and get answers to all your questions. Additionally, the website is multilingual together with the live chat which is available 24/5 in 22 languages. Live chat provides the ability to connect to LiteForex’s different departments, including partnership and financial departments, together with general customer support. With all this combined, LiteForex offers excellent customer support services. 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. All trading accounts with LiteForex can be funded via all the usual funding methods such as major credit & debit cards, bank wire transfers, as well as e-wallet services Skrill and Neteller.
Trading Assets
The materials are prepared by the well-known independent analytical agency Claws&Horns, which has established itself as a professional in the area of market analysis. Open an account with LiteForex and gain access to quality analysis for free. LiteForex operates under a Cyprus Securities and Exchange Commission (CySEC) license. In addition to these regulations, the broker has a number of security measures in place to protect client funds. LiteForex is a part of the investor compensation fund and all client funds are kept in segregated bank accounts, preventing the broker from using client money for their own purposes. Furthermore, to prevent a trader from losing more than their account balance, the broker offers negative balance protection.
Account types available for traders on LiteForex
To install the platform, double-click on the downloaded file “litefinance4setup.exe”. Choose a directory for installing the program and follow the installation program tips. LiteForex group accepts clients from all over the world, excluding USA, Russia, Belgium and some third-world countries. LiteFinance Global LLC does not provide service to residents of the EEA countries, USA, Israel, Russia, Japan, and some other countries.
EOS Price Prediction for 2024, 2025, 2026-2030 and Beyond
LiteForex gives clients the choice between signing up with an ECN (electronic communications network) account or a regular “Classic” account. While the ECN account by far provides the tightest spreads, it does come with commission fees on all transactions. Meanwhile, the Classic account comes with much wider spreads but commission-free trades. Account holders can choose between MetaTrader 4 and MetaTrader 5 as a trading platform.
LiteForex has a track record of more than 15 years in the online brokerage industry with offices in jurisdictions worldwide. LiteForex’s customer service is available 24 hours a day via live chat on the company’s website. Another unique thing about LiteForex is that they have also set up dedicated groups and online chats for its own community where traders can talk and help each other out with various issues. Lastly, support can also be reached via a UK-registered phone number that is open from 9 AM to 9 PM (GMT+2) Monday to Friday. The underlying trading assets offered by LiteForex includes what is actually a pretty good selection of more than 50 FX pairs, as well as more than 20 different cryptocurrency pairs. In addition, the broker gives its clients the chance to trade the stocks of more than 40 large American companies, as well as major stock indices and various commodity CFDs.
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Trade in various assets using built-in analytics and signals to predict price movements. 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. Analytical materials are developed in cooperation with our partner, Claws&Horns, exclusively for information purposes. Published materials should not be regarded as a recommendation for investment or advice in accordance with Directive EC. Whenever someone hears about foreign exchange trading, they give up trying to understand it beca…