Spread is very low, very fast order open and close, no requotes, trading execution is very fast, without hidden matters. News trading is easy; stop-loss and take-profit are hit by the original market price movement. I recommend choosing this broker and starting trading with LiteFinance Broker. LiteForex provides its clients with MetaTrader 4, by far the most popular trading platform. Our clients can also access the cutting-edge platform MetaTrader 5. Freely downloadable applications for trading via mobile devices (Android, iOS and other OS) are always at hand.
Private investors focusing primarily on forex pairs while appreciating transparency and competitive pricing will benefit, especially from this broker’s offering. 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. I can highlight what I like the most is the automatic fast withdrawal of funds, convenient web terminal and mobile application, low spreads on ECN accs, and good trade performance. Over the years, I have had some problematic situations, as well as with other brokers, but at litefinance they have always been resolved quickly and in my favor. The materials are prepared by the well-known 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.
In my opinion that is one of the best services I have ever used. Dear Mohamad,We are glad that you are using our services and actively use the possibilities of communication with other traders.Best regards,LiteFinance representative. LiteFinance caters to most international traders, including the UK, the Philippines, Malaysia, and Nigeria. Like most international brokers, LiteFinance does not accept traders from the US. I recommend traders evaluate LiteFinance as a new broker with limited experience and dismiss any goodwill and trust LiteForex created over 15 years.
Published materials should not be regarded as a recommendation for investment or advice in accordance with Directive EC.
Use all the benefits at LiteFinance
The website, however, is available in Arabic, Chinese, English, French, German, Indonesian, Italian, Malay, Polish, Portuguese, Russian, Spanish and Thai, which may provide some indication. Liteforex has a client loyalty programme under which it will pay back fees charged by most major payment liteforex broker systems for depositing money in your account. No commission is charged for topping up your funds, so you can do it as often as you wish. Multiple means of transferring money into your account are available. Traders who decide to trade with LiteForex, can offer an interesting set of assets.
- Analytical materials are developed in cooperation with our partner, Claws&Horns, exclusively for information purposes.
- It is also becoming less transparent with its relaunched website.
- Its two subsidiaries are LiteFinance Global LLC and Liteforex (Europe) LTD.
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. LiteFinance have an excellent trading platform, and traders have the option of using very high leverage. They enable account holders to copy the trades of very successful traders automatically. Auto trading is available, and the broker’s social trading facility, which uses a bespoke app, means that you can copy other people’s trades. On the minus side, the absence of protection from any major regulatory body for clients outside the EU and UAE is likely to be off-putting for a lot of traders.
Traders can use all of them, depending on what they are interested in. For example, it is possible to watch a tutorial, check out strategies, follow analytics, read market news etc. There are also several tools that traders might find useful such as Fibonacci calculator, Trader’s calculator and similar. Traders can use them to calculate different rates and possible outcomes of market movements.
A combination of in-house research and third-party analytics by Claws & Horns offers traders comprehensive market coverage and trading ideas. LiteFinance maintains a blog where analysts provide research and trading signals. Equity traders get access to large-cap names trending on social media. They are suitable for most retail traders, but seasoned traders require higher quantities. While the 225 assets offer new traders acceptable entry-level exposure, advanced traders will find it inadequate for proper cross-asset diversification.
Deposits and Withdrawals on LiteFinance
With all this combined, LiteForex offers excellent customer support services. Where LiteForex excels is in the trading tools offered for free by the broker. All these tools are useful when trading and provide some assistance to traders, increasing their potential accuracy when making trading decisions.
After we visited the website, we were surprised by different trading types that are offered on the platform. LiteFinance is rated “average” on Trustpilot with a 2.9 rating based on 18 reviews. The “average” rating shows that many clients consider their services satisfactory. This LiteFinance broker review further explains all you need to know to decide if the broker offers a competitive and trustworthy trading environment suitable for your trading needs and experience level.
The presence of independent analysis is a reassuring touch that more brokers should consider. Over the long years of successful work on the forex trade market, we have managed to figure out how to simplify our system of trading accounts and services to meet better our clients’ needs. LiteFinance offers an impressive range of deposit methods for convenient Forex trading. However, you may have to pay a transfer fee to the payment systems you use to top up your trading account. In most cases, LiteFiancne will reimburse the client for any deposit fees charged by payment systems.
not so good broker for IB
Trading with a regulated broker will limit the potential for fraud and malpractice. I always recommend traders to check for regulation and verify it with the regulator by checking the provided license with their database. LiteFinance maintains one regulated subsidiary for EEA, UAE, and Marshall Islands-based traders. MT4 and MT5 are widely considered to be intuitive and easy to use.
We will continue to provide services that meet your expectations.Best regards,LiteFinance representative. Hope you will not have any delay with withdrawals in future.Best regards,LiteFinance representative. Dear Derhaka Trader,We are constantly working to improve conditions for our partners. LiteFinance Global LLC does not provide service to residents of the EEA countries, USA, Israel, Russia, Japan, and some other countries.
Safety & Security of LiteForex
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. LiteForex has a track record of more than 15 years in the online brokerage industry with offices in jurisdictions worldwide.