Among the financial service providers, there are fraudsters that we promptly report. Feedback and rankings from authoritative sites like “Trustpilot” on the TradingFinder website assist all traders. This ensures that we accurately convey facts and events so that investors and traders can read our content with confidence and make informed choices. Participating in financial markets involves high risk, which can result in the loss of part or all of your investment. Traders adhering to Shariah-compliant practices may need to consider alternative brokers that offer such account types. We think that this approach aligns with CySEC regulatory requirements, which have discouraged brokers from offering trading bonuses.
Similarly, the clients are subjected to corporate actions such as splits, dividends, mergers, etc., which impact the value of index CFDs and equities. The swap-free portfolios of clients have adjusted accordingly, and the broker remains transparent in its pricing environment. The company also maintains its archive xcritical website to track and record the average spreads, which get updated every week. There are separate trader agreements signed to charge zero inactivity fees, which is why LiteForex is preferred over other brokers.
It also offers VPS hosting at a cost of 15 USD per month in addition to free independent market news and analysis from third-party provider, Claws & Horns. Complete training in financial markets such as “Forex,” “Stock Market,” and “Cryptocurrencies” only becomes comprehensive with tested trading tools and strategies. “Trading Finder,” with its experience, aids traders and investors in gaining a correct understanding and deep lxcriticalg. The training programs are designed based on tools for traders of all levels, from “beginner to advanced.” Traders must make a note that LiteForex Europe Ltd is a separate business entity. It operates independently and is not adhered to by the LiteForex group.
This is an excellent opportunity to increase your starting capital for trading. The company offers favorable terms and a wide range of bonus types. We built the website to assist forex traders in finding the right forex brokers to trade with ease. We are committed to transparency, accuracy, and comprehensive insights.
The first advantage of using these platforms is getting access to multiple charts. A line chart or a candlestick chart improves the client’s understanding of the trade and xcritical cheating the trading conditions. The advanced MT5 analysis tools and a built-in economic calendar are quite useful in the forex market, where there is always a high risk of losing money.
LiteForex offers a demo account that introduces traders to the broker’s services and allows 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 prior to or alongside your live CFD account. Both of LiteForex’s accounts require a $50 minimum deposit and do not have minimum distance restrictions on stop or limit orders. The Classic account is spread-based, while the ECN account features raw spreads with a commission. Both support a wide range of trading styles, including scalping, hedging, and automated trading.
LiteForex keeps things smooth with its robust market research, including highly informative market breakdowns developed in-house and practical trading insights by Claws & Horns. LiteForex listens to customer opinions and strives to resolve emerging problems to improve the quality of services. Withdrawals are made using the same methods within 1-3 business days without commissions from LiteForex. Reviews show that the withdrawal process is fast and stable, without unreasonable delays. Unfortunately, there are no 24/7 support services available; the department answers your inquiries 24 hours a day, from Monday to Friday.
Every withdrawal is processed to the bank accounts within 24 hours through e-wallet apps such as Skrill, Neteller, and Perfect Money. However, some charges are applicable on every withdrawal, depending on the provider. It is important to note that clients cannot use PayPal for the withdrawal of money from their LiteForex account. Trading on a DEMO ECN account can help both Forex beginners and experienced traders develop their own trading plans and choose the most suitable strategy. Try out different ideas and choose the system that works best — the one that could bring you profits in the future when trading on a real account. FxScouts helps traders across the globe by meticulously testing and reviewing online brokers and providing Forex education and market analysis.
This can obscure price action examination and make it harder to perform detailed technical analysis. LiteForex’s MT5 platform is available on Windows and Mac and supports 39 languages, including English, French, Spanish, German, Arabic, Chinese, and more. According to my findings, LiteForex’s swaps are average to high compared to the benchmark. In our Trust category assessments, we evaluate factors tied to stability and transparency, including the broker’s longevity, company size, and information transparency. In our reviews, we examine the licenses and regulations of each entity operated by a broker, allowing us to compare their different levels of protection. We rank licenses by various regulatory bodies on a three-tier system, where Tier-1 licensing indicates the highest level of regulation.
LiteForex is a financial derivatives broker founded in 2008 and headquartered in Limassol, Cyprus. Regulated by CySEC and other authorities, the broker complies with the industry’s strictest safety standards. As shown above, MetaTrader’s charts can quickly become cluttered, even with just two indicators.
LiteFinance offers a limited number of financial instruments compared to other large international market makers. When trading Contracts for Difference (CFDs), positions can be opened for a fraction of their value because of leverage. Essentially, the broker lends the trader money so that they can open bigger positions. Leverage multiplies the profits a trader generates from winning positions but also the losses incurred from failed trades. Payments can be processed via bank wire, bank cards, Neteller, and Skrill.
This company operates as an exclusive broker for LiteForex’s European clients. LiteForex Investments Limited, on the other hand, is an established global CFD and forex broker. LiteForex is an online broker offering its services to customers from different parts of the world. As a company, LiteForex was founded in 2005 under the title LiteForex Investments Limited.
If LiteForex Investments Limited were a scam, multiple market regulators would not have registered it. Modeled on a Cyprus investment firm, the company provides its services through safe and secure platforms. SSL-secured and encrypted channels protect the data going in and coming out of the website and the platforms. LiteForex provides a VPS hosting service through its website for managing trades in the absence of on-premise servers. Unlike other brokers, LiteForex is not reliant on an internet connection.
The charts, orders, and various instruments are located in easy-to-find places, and even first-time traders can quickly learn their way around. My only gripe with the platform is that its charts feel rugged and outdated compared to newer and sleeker trading stations. Its spreads are elevated across the board, and the swap fees exceed the industry benchmark. On the other hand, LiteForex does not impose a handling fee on deposits and withdrawals. I opened a Classic account with Liteforex (Europe) Ltd and performed my tests on the MetaTrader 5 desktop platform and the LiteFinance mobile app.
Bitcoin and other Popular cryptocurrencies are also traded by the company, thereby becoming an alternative to the traditional forex markets that pose a high risk of economic loss. After opening a new account, LiteForex traders get access to around 56 forex currency pairs for trading. The company also supports the trading of 6 commodities and 16 cryptocurrencies and holds licenses to provide trading services for some 37 US-listed equity CFDs.
LiteFinance offers access to a VPS service at an extra cost, analytical materials from Claws&Horns, a social trading platform, and various trading calculators. LiteFinance does not charge fees for deposits, and as a bonus, it covers deposit fees imposed by the provider. MetaTrader is freely available on both Android and IOS mobile phones and tablets.