LiteForex Europe is a reputable forex broker with a good selection of MetaTrader platforms and mobile apps. Clients benefit from advanced analysis, copytrade features and straightforward fees. Here we’ll review LiteForex Europe’s 2024 trading services in detail, including regulation, minimum deposits, account types, and spreads. LiteForex is a financial and investment company that provides investors with a trading platform for trading forex, metals, and stocks, as well as the ability to mimic deals made by master account holders. Its platform connects worldwide traders to establish a successful community where they may learn from one another and leverage one another’s knowledge to achieve their goals. Since 2005, it has also provided clients with access xcritical official site to Tier 1 liquidity in the currency, commodities, and stock markets.
I recommend traders evaluate LiteFinance as a new broker with limited experience and dismiss any goodwill and trust LiteForex created over 15 years. The most recent developments, starting with the launch of LiteFinance Global LLC, raise notable concerns. Funding is available via bank cards (Mastercard or Visa) and e-wallets including Skrill and Neteller.
LiteForex Investments Limited suggests using a VPN to manage trades while users’ devices are turned off. It is not dependent on an internet connection or a power supply and provides some security for online merchants. 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. Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews. Dear Aleksey D,We are glad that you appreciated our services and that you are an active trader.
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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. Forex can be traded 24 hours a day, but particular geographical trading sessions depend on the market’s timezone. Specific server hours can also be provided by the customer support team, or by clicking on the instrument details within the client portal. This broker has invested substantially in the functionality and navigability, which makes an excellent first impression on would-be traders. The LiteForex site features extensive information about the account types and assets available to buy and sell using its platform.
- All accounts require a minimum deposit of $50, and payments are often completed the same day.
- Over 100 data points are considered, from minimum deposits and trading fees to the platforms and apps available.
- I like that LiteFinance deploys its proprietary copy trading service embedded within the web-based trading platform.
- Live chat provides the ability to connect to LiteForex’s different departments, including partnership and financial departments, together with general customer support.
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Unique Features
However, the ECN account, which is aimed at professional and institutional users, charges a flat commission of $5 per round trip per lot. 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. LiteForex also offers a Fibonacci calculator, which can further assist traders in defining better xcritical rezension entry and exit points.
Does LiteForex (Europe) offer any promo codes or deposit bonuses?
The present choices will leave traders with an incomplete and sub-standard experience unless they are willing to invest in upgrades. Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights, in the commission based LiteFinance ECN account. All content on this site is for informational purposes only and does not constitute financial advice. Consult relevxcritical professionals in your country of residence to get personalized advice before you make any trading or investing decisions. DayTrading.com may receive compensation from the brands or services mentioned on this website. Compare the markets and instruments offered by LiteForex Europe and its competitors.
You can contact the support team to get help with a range of queries, from account registration and verification to copytrade services and forgotten investor passwords. Traders can use the training account free of charge to explore different strategies under real market conditions. There’s no risk of losing any money, as all funds in the demo account are virtual and uncapped. Registration for a demo account takes less than 1 minute via the Personal Profile and demo contests are also available. You can then open a real money trading account when you feel ready. LiteForex Europe’s advanced trading solution is the MT5 platform, designed with the professional trader in mind.