My Account No interest is paid on surplus funds and no commissions are charged. 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.
Login to LiteFinance
- Register, verify your profile for your data protection, and open a trading account.
- LiteFinance offers its own mobile trading application, available from Google Play and the App Store.
- 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.
Also, money transfers to or from the account depending on your residency and its applicable policies, in addition to entity rules of LiteForex that apply. 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. Download MetaTrader 4 trading platform for your smartphone or computer and get access to the Forex market from wherever in the world. MetaTrader 4 is suited for all types of LiteFinance accounts.
Demo accounts are useful for traders of all experience levels. The materials are prepared by the well-known xcritical reviews 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.
Trading Strategies
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. Note, LiteForex (Europe) Ltd operates as a separate broker offering trading services to clients from Europe only. 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. Yet, be sure to verify conditions and margin requirements for the instrument you wish to trade, also better check all the margins via Demo account at first before you sign in.
How to open your account
Overall, LiteForex has a quite long history of operation and balanced trading conditions suitable for various trading styles, account sizes, and levels of experience. We should admit good analysis tools and technology solutions LiteForex provides, also costs are rather good compared to other industry competitors. We also marked a good choice of trading platforms and good technology. Overall, our experience with LiteForex remained rather positive throughout the test and we didn’t face any problems. LiteFinance (ex LiteForex) was founded in 2005 by Aleksey Smirnov. Today, its brokerage services are used by 500,000 clients worldwide.
LiteFinance has a cabinet of tools to facilitate successful trading including; an economic calendar, a world market news blog, and both a margin and Fibonacci calculator all accessible via the homepage. With the latter, commission is charged at $0.5 per lot alongside spreads from 0.0 pips. Spreads on the Classic account are relatively high, starting at 1.8 pips but with no commission. Furthermore, the platforms are enhanced with automated trading and social trading capabilities with no restrictions on strategies, also additional complex order types. As for the fund transferring fees, LiteForex does not charge transfer fees for deposits yet various jurisdictions and payment providers may add on some fees, so be sure to verify this info as well. Based on our research, LiteForex gives its clients access to 56 currency pairs, as well as 6 valuable metals, 16 cryptocurrencies, 37 CFDs, and 11 Global stock indexes.
We also noticed the broker’s efforts to offer the best possible conditions and ensure trading safety with good regulations. Overall, LiteForex has great trading conditions with various trading instruments, useful research, and popular platforms. Its decade-long operation has given LiteForex a great step in having the right experience in the market. We offer impartial reviews of online brokers that are hand-written, edited and fact-checked by our research team, which spends thousands of hours each year assessing trading platforms.
Published materials should not be regarded as a recommendation for investment or advice in accordance with Directive EC. In 2021, the broker also introduced two-factor authentication to enhance the security of operations. 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. To sign up for an account, select ‘Registration’ which you will find in the top right-hand corner of each page. Note, only the MT4 platform is available to ECN account holders. In addition, there are established centers in various regions, so Europe and international are covered, however, customer service is available on working days only 24/5.
They provide multiple chart types including, line, candlestick, and bar charts. MT5 offers more indicators and advanced analysis tools than MT4 including a built-in economic calendar, 21 timeframes, plus a Depth of Market feature. Still, MetaTrader 4 remains the most popular platform and has everything needed to implement successful trading strategies. Also, LiteForex provides great research tools with comprehensive analysis suitable for beginning traders and also supports everyday trading, while features including market outlooks, news feeds, trading ideas, and many more. Therefore, trading with LiteForex Cyprus entity you can refer to CySEC in case of any violence, while the regulator himself constantly checks on the operation and environment the broker provides. Also, traders’ funds are segregated from company funds, and the application of the standard covers investment protection.
The market range overall is quite narrow and limited to only FX and CFDs; there is no crypto trading at all. LiteFinance offers an automatic withdrawal feature that enables traders to withdraw funds up to $100 per day within 24 hours and is available on Perfect Money and M-Pesa. Both downloadable platforms are user-friendly while the web terminal offers a range of options for customization.
There is a good range of tradeable forex and CFD assets, plus the MT4 and MT5 platforms. LiteFinance offers a safe and secure platform and the site is protected with firewalls and isolated servers. LiteFinance recommends a VPS to manage trades whilst users’ gadgets are switched off. It is not reliant on an internet connection or power supply and offers a degree of security to web traders.
Depending on the LiteForex account type you select you will get specified fee conditions either based on spread only starting at 2 points or pay off commission per lot and get interbank spread from 0 pip. In order to optimize the operation of accounts on MT5 trading servers, 30-minute technical maintenance will be carried out. Brokerage services in your country are provided by the company LiteFinance Global LLC (registered in St. Vincent & the Grenadines as a Limited Liability Company with registration number 931 LLC 2021).
The LiteFinance brand is largely inclusive and despite its international presence, remains tailored to individual markets. The minimum deposit for all accounts is $50 and payments are usually processed on the same day. Clients can also fund their accounts with cryptocurrencies, such as Bitcoin. Our research showed that the broker offers a wide range of funding methods, while some of xcritical courses scam them include fees others are free of charge.