Crafty Labs

You’ve successfully signed up for our forex newsletter, where you’ll receive expert insights, market analysis, and the latest news straight to your inbox. Understand the key differences between major and minor pairs and how to trade them. Trading accounts can only be denominated in four base currencies – USD, EUR, GBP, and PLN which is limited compared to other brokers. Most other brokers denominated accounts in at least five to ten currencies. ​LiteForex offers a limited number of financial instruments compared to other large international market makers.

Trader Tool Set at LiteForex

Also, “World Finance,” a leading financial magazine in Britain, has included LiteForex into its “100 World Finance” list. They contain lots of practical insights, e.g. how to use intraday trading strategies, Fibonacci retracements, etc. Incorporated from Claws&Horns, the trading signals represent actionable trading opportunities. They cover instruments across different markets and use prominent indicators (Ichimoku, Bollinger, MACD, etc). Traders can use this type of content to get a sense of the prevailing market sentiment. LiteForex processes most payment requests between several minutes to several business days, depending on the chosen payment method.

Where is Liteforex based?

OnECN trading accounts, traders will see floating spreads as low as 0.9 pips andaverage spreads of around 1.1 pips. For classic trading accounts traders seeaverage spreads of 1.8 pips and on Cent accounts, the floating spreads canreach all the way up to 3 pips. LiteForexoffers traders the selection between two of the most popular and loved tradingplatforms in the world, the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) tradingplatforms. Both platforms are highly sophisticated and accommodate the needs ofboth beginner and experienced traders. However, because LiteForex onlyprovides trading in the forex markets, both platforms will do.

1. As shown above, the problem with MetaTrader is that the charts can be crowded quite easily, even when we add no more than 2 indicators.
2. LiteFinance Global LLC does not provide services to residents of the EEA countries, USA, Israel, Russia, and some other countries.
3. In addition to these regulations, the broker has a number of security measures in place to protect client funds.
4. On the one hand, the broker should be praised for offering plenty of minor forex pairs, such as USDTRY, USDMXN, and GBPSEK.

LiteForex offers a discounted VPS (Virtual Private Server) service on the MT4 and MT5 platforms. VPS hosting allows traders to run automated algorithmic strategies, including expert advisors 24 hours a day 7 days a week on a virtual xcritical cheating machine. Trading costs on the ECN Account are significantly lower than those on the Classic Account.

LiteForex’s Research and Trading Tools

LiteForex takes good care of its clients and offers excellent customer support through social networking sites, 24-hour live support, online contact form, and live chat. 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.

It is possible to access LiteForex live chat in a demo mode and get answers to all your questions. Additionally, the website is multilingual xcritical scam 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. Where LiteForex excels is in the trading tools offered for free by the broker.

It should be noted that LiteForex applies a slightly different cost structure to its two account types. The Classic account features 0% commissions with the spreads, including a markup, as outlined above. However, the ECN account, which is aimed at professional and institutional users, charges a flat commission of $5 per round trip per lot.

In addition to the MetaTrader 4 and Metatrader 5 platforms, LiteForex also offers a user-friendly proprietary copy trading platform. The automated copy-trading system allows traders to duplicate the best trades, trade independently, share information, and communicate with their signal providers. 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. Mobile forex apps make forex trading easier by enabling traders to create filters and get the latest information only for selected trading instruments.