LiteFinance pays strategy providers, adding an attractive revenue stream for successful traders. LiteFinance maintains a wide range of trading instruments, advertising 145+ on its website, offering 225. Over the past twelve months, it made the most notable expansion in cryptocurrencies, where it offers 53 assets, including crypto-to-crypto crosses. Besides lots of currency pair, LiteFinance also offers some instruments you would like to trade on, such asOil, Indexes, Stock and Commodities for your best choice. Somehow, remember that different instrumenthas different trading conditions.
This industry-standard software comes with a raft of features and benefits and is recognized for its data security features, analytics tools, and quick execution times. The company puts its social media links here and a feedback section and FAQ, but these sections will not give you direct access to customer support. Looking through the FAQs, you will find that LiteForex does not charge a commission when funding your account, and transactions are processed straight away. One thing to note is that this broker has a blog that is kept up-to-date. However, this is not enough when most of the “resources” provided are nowhere near the level of what a top-tier broker should have. The last section is “trading strategies,” which covers technical analysis.
- Typically we do not include this for other top-tier brokers and ECN brokers, but LiteForex does not have much in the way of trading education.
- On top of this, today’s style of trading, more than accuracy, requires mobile trading.
- LiteFinance maintains one regulated subsidiary for EEA, UAE, and Marshall Islands-based traders.
- The trading conditions vary ever so slightly depending on which exchange and company you plan to trade, so you will need to visit each page for a full breakdown of conditions for these.
- As forex trading becomes increasingly popular, LiteForex has done well as a forex and CFD broker accommodating especially new traders.
There are no eBooks, courses, or tutorials here, and the featured books only have a section cut out, which people can read. Typically we do not include this for other top-tier brokers and ECN brokers, but LiteForex does not have much in the way of trading education. We should point out that this section is also lacking in terms of the amount of “terms” there are available. LiteForex makes several markets accessible through Forex and CFD trading. Trade Indices, Commodities and Currencies with a Classic, Swap free or ECN account.
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LiteFinance offers three partnership programs, but limited information exists. Litefinance is a great and safe broker and gives good forex trading services. It’s fast and reliable and xcritical scammers it is one of the rare brokers that is transparent enough to have a live chat room in their website so the customers can interact with each other and share trading ideas together.
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Also popularly known as copy trading, beginner traders can observe and then mirror the trades of successful traders to improve their trading skills in no time. Additionally, copy trades have always been found to be a more engaging way of upskilling one’s trading https://scamforex.net/ skills. 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. LiteForex is an ECN forex and CFD broker that has been operating in the financial industry since 2005.
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The competition only states that clients only need to deposit 1,000 USD into their accounts to enter. No other information is given regarding any other factors that you need to consider. However, we suggest reading through the terms and conditions that you can find here. This means that the broker does offer this policy on ECN accounts, but heading to the Classic account page, there is no statement that says negative balance protection covers this account type. This should be noted, as the account, you open through registration is a Classic account. In terms of trading platforms, LiteForex (LiteFinance) offers MetaTrader 4 and then also MetaTrader 5.
Additionally, mobile trading is also offered through the MT5 Android app. I like the trading environment at LiteFinance for cryptocurrency traders who seek a copy trading service. LiteFinance, previously known as LiteForex, faces technical issues and experiences a rise in fraud claims.
