LiteForex has a very good education center with advanced Forex trading educational materials and books. 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. LiteForex is regulated by the Marshall Islands Business Corporation Act and CySEC and is known as a transparent and reliable broker.
- As per CySEC regulations, the use of incentivised trading via bonuses, contests, rebates, etc, has been restricted to protect retail investors.
- However, it should be noted that this broker offers MT4, which is available for iOS, and previously, Apple had banned MetaTrader from its App Store.
- We also marked that the broker provides low-cost fees also extensive trader education and financial information resources.
- The MT4 platform is the go-to choice for many individuals, whether they are new to trading or seasoned professionals.
- It is possible to access LiteForex live chat in a demo mode and get answers to all your questions.
We also noticed the broker’s efforts to offer the best possible conditions and ensure trading safety with good regulations. With LiteForex, a demo account allows use of most of the features of a trading account and the trading platform without the need to cancel any subscription or pay any upfront deposit. Remember that MetaTrader has been considered the industry standard when it comes to trading platforms for both retail traders and professional investors. The platform has been around since 2005; this broker might not be providing info on it because they think it is common knowledge.
LiteForex Review
However, this is not enough when most of the “resources” provided are nowhere near the level of what a top-tier broker should have. Then in terms of the customer review score for LiteForex and LiteFinance, there are not enough reviews to decide whether clients find this broker reputable when looking at their Trustpilot score. Before we jump into the broker regulations of LiteForex, it should be noted that depending on your region, you will be redirected to the entity website of this broker, as you can see in the image below.
LiteForex also offers social trading capabilities, and MT5 has inbuilt plugins for this purpose. When visiting their website, support for new traders is apparent with 24-hour live support, Economic News and a wide-ranging choice of trading accounts available. On top of this, today’s style of trading, more than accuracy, requires mobile trading.
The market range overall is quite narrow and limited to only FX and CFDs; there is no crypto trading at all. This technology xcritically is the leading solution that provides extremely fast execution speeds and the most favorable quotes with spreads from 0.0 pips allowing you to benefit from it. The competition only states that clients only need to deposit 1,000 USD into their accounts to enter.
Highly competitive spreads and numerous trading instruments
LiteForex through their platforms, products and services makes this possible with as convenience and efficiency as possible. With trading accounts catered to novice traders (deposit starts from as low as 50 USD) xcritical scammers and clean, easy to navigate trading platforms, beginner traders will find a smooth start to their trading experience. With ECN account types and automatic withdrawals, there are some good aspects to it.
Trading Strategies
Heading to the awards section of the LiteFinance site, you will find that they hold multiple awards for various brokerage services. LiteForex is an ECN forex and CFD broker that has been operating in the financial industry since 2005. The company is headquartered in the Marshall Islands and has offices in various countries around the world, https://dreamlinetrading.com/ including Cyprus, the Philippines, and Nigeria. DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with. The EU entity only accepts traders from the EEA, plus the UAE and Marshal Islands. LiteForex (Europe) does not offer any promotions, including no deposit bonuses.
Рибейт за торговлю в LiteForex
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. This company is a registered broker operating from Cyprus, an EU member state located in Southern Europe. As such, all trading and client activity is regulated by the Cyprus Securities and Exchange Commission.