Forex trading instruments and accounts from the LiteFinance broker
https://xcritical.online/ has a very good education center with advanced Forex trading educational materials and books. All trading instruments offered by LiteForex can be traded on either the MetaTrader 4 or 5 (MT4/MT5), which are the only two trading platforms offered by the broker. While this may seem boring to some traders, it does ensure a smooth transition from other brokers for traders who are already used to those platforms. Another nice benefit of sticking with MT4 & 5 is that it ensures access to the very wide selection of Expert Advisors (trading algorithms) that exist for both platforms, both as paid and free trading strategies.
- LiteForex operates under a Cyprus Securities and Exchange Commission (CySEC) license.
- Depositing and withdrawing funds is also straightforward and should pose no difficulties to traders regardless of their experience level.
- 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.
- Trade by yourself, copy trades and make money in the markets with a reliable broker on a user-friendly platform and on the best terms.
- Another benefit related to the European Union’s financial markets regulations is the negative balance protection feature that applies to both account types.
This broker provides a reliable and engaging copy trading facility that functions as a social media network. Users can view the trades carried out by top-ranked account holders and imitate their winning strategies as they aim to increase their performance daily. Read independent analysts and obtain the most xcritical details about financial markets. MetaTrader 5 is the latest version of the world’s most popular trading platform with a wider set of features.
Another strong point is the broad range of forex trading educational resources available on the broker’s website. This broker has invested substantially in the functionality and navigability, which makes an excellent first impression on would-be traders. The xcritical site features extensive information about the account types and assets available to buy and sell using its platform.
LiteForex also offers social trading capabilities, and MT5 has inbuilt plugins for this purpose. Additionally, mobile trading is also offered through the MT5 Android app. The customer onboarding process employed by this brokerage is simple, with users offered the option of signing up for a demo account that is compatible with MT4 and MT5. Depositing and withdrawing funds is also straightforward and should pose no difficulties to traders regardless of their experience level. This company is a registered broker operating from Cyprus, an EU member state located in Southern Europe.
Overall, LiteForex is an excellent proposition for both beginner traders and professionals thanks to its range of account types and the wealth of financial information available to account holders. Private investors focusing primarily on forex pairs while appreciating transparency and competitive pricing will benefit, especially from this broker’s offering. 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. Forex traders focused primarily on major and exotic currency pairs will benefit from competitive spreads and a transparent fee structure while using the industry-standard MetaTrader platform.
Use all the benefits at LiteFinance
There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. It is possible to process withdrawals within 24 hours and you can even set automatic withdrawals to take out your money instantly on a scheduled basis, making withdrawals a more comfortable and stable experience. 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. A thorough analysis of one of the most popular ways to trade intraday.
Trade. Chat. Invest. with LiteFinance
With ECN account types and automatic withdrawals, there are some good aspects to it. The commissions are a bit expensive though, making its offerings less attractive to seasoned traders. Additionally, the broker also offers advanced trading tools to assist their traders. The website is multilingual, and customer support is available 24/5 via live chat, which is also multilingual.
Highly competitive spreads and numerous trading instruments
As such, all trading and client activity is regulated by the Cyprus Securities and Exchange Commission. As noted above, this jurisdiction offers investor compensation up to EUR 20,000 on non-professional trading accounts in the event of brokerage liquidation. LiteForex users can choose between MetaTrader 4 and MetaTrader 5 as platforms for their trading activities. This ensures data privacy and software stability while granting users access to mobile and desktop trading 24 hours a day. The broker’s excellent customer service (which is available day and night most days of the week) adds an extra element of reliability to an already impressive service offering.
Brokerage services in your country are provided by the Liteforex (Europe) LTD Company (regulated by CySEC’s licence №093/08). Forex robots or expert advisors (EA) exist to relieve traders from the hassles of monitoring con… This website is using a security service to protect itself from online attacks.
Be aware, CY company has some trading restrictions because of the European Securities and Markets Authority (ESMA) influence. LiteForex CY – located in Cyprus, regulated by the Cyprus Securities and Exchange Commission (CySEC).LiteForex MH – legally registered entity located in the Marshall Islands, but not regulated by any government agency. In honor of the upcoming Thingyan festival, LiteFinance gives its clients a 100% bonus on all deposits over $100. I have worked for 5 years with this broker and I haven’t experienced any issues with deposits, withdrawal or speed of execution. Profit from changes in the price of currencies, precious metals, commodities, cryptocurrencies, indexes, and stocks.
