LiteForex review and ratings

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.

1. LiteForex’s customer service is available 24 hours a day via live chat on the company’s website.
2. International money transfers to a bank card can take up to 14 business days from the date of transfer.
3. Most traders will deal with the primary unregulated brokerage from St. Vincent and the Grenadines.
4. I like that LiteFinance deploys its proprietary copy trading service embedded within the web-based trading platform.
5. It presents traders with an ideal environment to test EAs and new strategies.

Additionally, the website is multilingual together with the live chat which is available 24/5 in 22 languages. Live chat provides the ability to connect to LiteForex’s different departments, including partnership and financial departments, together with general customer support. With all this combined, LiteForex offers excellent customer support services. This company is a registered broker operating from Cyprus, an EU member state located in Southern Europe.

LiteFinance wishes you a Happy Easter!

I always recommend that traders check them before evaluating the total trading costs. 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.

The trader supports the core MT4/MT5 trading platforms and offers traders mobile trading apps. Other features include quality third-party research in partnership with Claws & Horns and its proprietary copy-trading platform. With ECN account types and automatic withdrawals, there are some good aspects to it.

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. 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). Liteforex (Europe) LTD provides services only to the residents of countries from the European Economic Area (EEA), the United Arab Emirates, and the Marshall Islands.Full list of countries is available xcritical scam here. Dear Clients,In honor of the upcoming Thingyan festival, LiteFinance gives its clients a 100% bonus on all deposits over $100. Since rebranding from LiteForex to LiteFinance, transparency dropped, and issues arose. The high trading costs remain, and at its present state, LiteFinance cannot be said to be a good broker.

Account Types

It is ideal for manual traders and superior to the MT4/MT5 web-based alternatives. It presents traders with an ideal environment to test EAs and new strategies. The web-based trading platform allows a $10,000 demo account without registration, a convenient method to get familiar with its functionality. I caution beginner traders about https://xcritical.online/ using a demo account as an educational tool. It can create unrealistic trading expectations, and the absence of trading psychology negates the educational value. 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.

Trading accounts of LiteFinance

Furthermore, to prevent a trader from losing more than their account balance, the broker offers negative balance protection. 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.

The LiteFinance Global LLC subsidiary is located in St. Vincent & the Grenadines and is also incorporated as a Limited Liability Company. LiteFinance Global LLC does not offer trading services to European Economic Area (EEA) residents, such as EU countries and Iceland, Liechtenstein, and Norway. The company also restricts its services to traders and investors from the USA, Israel, Russia, Japan, and other countries.

Deposits made with other currencies (fiat and cryptocurrencies) will be converted into any of these two currencies. Ghana, Nigeria, and Myanmar clients can have their accounts denominated in local currencies. The webinars offer trading lessons and teach traders how to analyze trades and set up trading strategies. Others complimented the broker on the excellent training condition they offer traders, competitive commission, and user-friendly interface. LiteFinance, previously known as LiteForex, is an international forex and CFD broker focused on offering tradable instruments of different asset classes ranging from Forex to spot stocks and stock CFDs.

I recommend traders use it as part of their education before opening an account. Here is a screenshot of quotes at LiteFinance during the London-New York overlap session, the most liquid one, where traders usually get the lowest spreads. Read independent analysts and obtain the most xcritical details about financial markets.

Promote the LiteFinance brand as our partner and earn up to 70% of spreads per attracted client. Trade in various assets using built-in analytics and signals to predict price movements. Be aware, CY company has some trading restrictions because of the European Securities and Markets Authority (ESMA) influence.