The present choices will leave traders with an incomplete and sub-standard experience unless they are willing to invest in upgrades. 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.

LiteForex Withdrawal Methods

Interestingly, LiteForex boasts its capability of giving an annual interest for ECN traders which amounts to 2.5% of the accumulated daily free margin. As a complimentary, LiteForex also built a Social Trading system that manages to completely resemble a social media platform with special features solely based on usual trading necessities. The said platform is also easily integrated with traders’ Member Area.

LiteForex – a broker to trust

The commissions are a bit expensive though, making its offerings less attractive to seasoned traders. 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.

LiteForex broker review – A broker with average spreads and high commissions

After you go through the necessary steps on the broker’s platform, you still need to open your crypto wallet to confirm the payment again, which added to the complexity. Trading crypto since 2015, now I am also a forex trader who uses technical analysis to forecast market structure. Sometimes I use price action and combine it with several indicators such as Moving Average, MACD, RSI, etc. Although relatively limited, the account choices have managed to accommodate the majority of traders’ needs, particularly those with early to intermediate levels of trading experience. Traders will conduct all financial transactions from the secure back office of LiteFinance.

1. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing.
2. Additionally, the broker offers a range of educational guides, which are freely available on the website.
3. Despite 16 years as a brokerage, LiteFinance, previously known as LiteForex, appears to undergo unfavorable changes.

Their dedicated customer service team can assist you if you encounter any issues. Another thing to note from this broker may come from its expansion to xcritical website Asian countries and their passionate effort to penetrate the markets profoundly. Furthermore, LiteForex has been serving global retail traders since 2005, an accomplishment not many forex companies can achieve. Therefore, it can be concluded that even though LiteForex is operating as an offshore forex broker, its durability for more than 10 years serves as a reminder of retail traders’ trust.

The account was opened with the broker’s Liteforex (Europe) Ltd entity. Some features and services may vary depending on where you reside and which entity you open an account with. I’ve been a part of the Litefinance community since 2014, and I must say that I’ve been thoroughly pleased with xcritical cheating the services they provide.

Compared to the industry average, LiteForex offers an average amount of forex pairs and commodities, and a high amount of indices. As shown above, the problem with MetaTrader is that the charts can be crowded quite easily, even when we add no more than 2 indicators. This obscures price action behavior and makes it more difficult to conduct probing technical analysis. To keep their traders engaged in more trading activities, LiteForex also holds seasonal trading contests and various kinds of promotional bonuses. Their profile in numerous review sites also indicates a relatively safe broker for retail traders.

Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. LiteForex offers demo accounts that introduce traders to the broker’s services and allow them to tweak their strategies in a risk-free environment. The market is continually evolving and never static, so it is important to hone your skills in a safe environment. You can set up a demo account for yourself alongside your live CFD account. With ECN account types and automatic withdrawals, there are some good aspects to it.