All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website. Our experts found LiteForex’s range of products includes trading popular Forex and CFD Metals, Oil, as well as a range of Global Stock Indices. The account opening process is digital and easy to follow where you will be guided by the steps.

LiteForex established global expansion through its offices in Cyprus and an international one based in St. Vincent and the Grenadines and is fully compliant with financial regulations. They let you deposit money but you can’t use it on MT4 as they want you to upload your ATM cards, back to back, is this even legal at all? My money was stuck, all documents submitteed apart from bank card, and yet you can’t trade as it disabled in MT4.

The Anatomy of a Social Media Viral Video

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 adds an extra element of reliability to an already impressive service offering. In addition, LiteForex offers a safe and secure trading environment and advanced trading platforms which add substantially to the trader’s experience.

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. Account holders can choose between MetaTrader 4 and MetaTrader 5 as a trading platform. 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. LiteForex is best suited for beginners and advanced traders of all types but caters mainly for ECN brokers.

Deposit & Withdrawal Methods

LiteForex offers customer support 24/5 via email, telephone, and live chat. However, one has to register an account to access the live chat service. For the purposes of this review, we found customer support to be slow and sometimes unresponsive. LiteForex has three simple account types that are both more to beginners than experienced traders. Beginner traders are inexperienced traders who have never traded before, or who have been trading for less than a year.

There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Verify your identity and address using your passport and a bank statement or utility bill. The average volume of transactions with leveraged products you made during the past year. We tested support with various questions, for example whether LiteForex charges an inactivity fee and how client orders are executed. Support responses were fast via chat and email at LiteForex, with chat operators being available within a minute and email inquiries usually responded to the same day. A stock is a security that represents partial ownership of a corporation.

A report focused on Ichimoku indicators is released multiple times daily for purely technical traders. These reports include concrete buy and sell signals with take profit and stop-loss levels. Whether you have education in finance, business administration, banking or accounting and whether you have worked in the financial sector. To open an individual account at LiteForex Europe, prospective clients must provide the following information. Support agents were helpful, and there was no need to navigate through a chatbot before reaching a human agent. Disregarding the problem with phone support, we rated the customer support experience at LiteForex as good.

You should consider whether you understand how CFDs, FX or any of our other products work and whether you can afford to take the high risk of losing your money. This is the most popular trading platform which is used by traders and provides a variety of tools not only for trading but for analysis as well. It also hosts an array of other features that include compatibility with several plugins and apps. Brokers usually offer this kind of bonus to new traders to draw more customers and encourage trading activities. Offering a deposit or welcome bonus gives traders some money back depending on the initial deposit made.

The commissions are a bit expensive though, making its offerings less attractive to seasoned traders. Technical and fundamental reports from third-party research firm Claws&Horns are available for LiteForex clients. There is also an analytics feed within the web trading platform and a useful range of tools. LiteForex research materials can cater to both beginners and advanced traders. LiteForex‘s mobile trading platforms are average compared to other similar brokers. It offers mobile versions of MT4 and MT5, but no proprietary mobile trading solutions.

Listings that appear on this page and/or on this website are of products / companies / services from which this website may receive compensation. This may impact how, where and which products / companies / services we review and write about. This page may not include all available products, all companies or all services. LightForex supportsLiteForex allows traders from Australia, Thailand, Canada, South Africa, Singapore, Hong Kong, India, Norway, United Arab Emirates, Saudi Arabia, Kuwait, Qatar and most other countries to trade. As you can see, in addition to the profit of your Forex trading, you can take part in the competitions of this broker and earn dollars along with your trades. LiteForex maintains a transparent pricing environment and maintains an archive of average spreads that are updated weekly.

Also be sure it is normal to upload your ID and residence registration, which happened during the stage of your identity verification necessary due to regulations. LiteFinance Global LLC does not provide service to residents of the EEA countries, USA, Israel, Russia, Japan, and some other countries. Analytical materials are developed in cooperation with our partner, Claws&Horns, exclusively for information purposes.

Islamic Accounts

Over the past 16 years , this broker has expanded trading services & the list of tradable assets, as well as by offering attractive prizes for traders increased its market share. If you are looking to open account in the best forex brokers, probably you have heard about the liteforex broker. We value transparency and openness in the way we review the partners.

• The MetaTrader platforms feature fully customizable user interfaces as well as watch lists, market news integrations, advanced order windows, a sophisticated charting package and more.
• Learn how to work with MetaTrader platform, and experience trading on demo account without any risk for losing money.
• Whether you have education in finance, business administration, banking or accounting and whether you have worked in the financial sector.
• Yet, for comprehensive analysis and day trading, you would prefer a desktop platform, where LiteForex MT suits any device either PC or MAC.
• This section will cover how the different entities of LiteForex are regulated and how this impacts you as a trader.

The brokerage has been awarded various awards by multiple online financial publications for their level of trading services and customer care and support. LiteForex features a live demo account for traders to practice on and awards new traders https://forex-review.net/ with a bonus up to 50% for depositing funds. LiteForex is a large and established online trading brokerage who serves the international markets by accepting traders from around the world and offering their services in over 10 languages.

How to Spot Fake Reviews: Tips for Being an Informed Shopper in 2023

LiteFinance maintains the out-of-the-box MT4/MT5 trading platforms, but no introduction exists. LiteForex merely presents them as two buttons and clicking on them redirects to an account opening page. LiteFinance also offers a lightweight web-based browser with a user-friendly interface. It is ideal for manual traders and superior to the MT4/MT5 web-based alternatives.

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. broker liteforex LiteForex has a track record of more than 15 years in the online brokerage industry with offices in jurisdictions worldwide. The company’s European operations offer traders a variety of account types and forex buying, selling, and swap options while maintaining a low-cost structure that is fully compliant with EU financial regulations.

There is a good selection of FX and CFD assets available for trading, as well as the MT4 and MT5 platforms. The website is simple to navigate, the support function is straightforward, and there are numerous free analysis tools available. The LiteForex Investments Limited brand is largely inclusive and remains personalized despite its international presence. LiteForex has a range of articles covering the basics of forex and also outlines interesting strategies developed by professional traders. The LiteFinance YouTube channel has educational videos ranging from trading psychology to crypto trading strategies. Both beginners and advanced traders can benefit from the available educational materials.