Several assets may get overpriced in due course of trading, but the broker’s cost structure remains acceptable. Clients can also view the historical data on spreads to analyze their trades. After opening a new account, LiteForex traders get access to around 56 forex currency pairs for trading. The company also supports the trading of 6 commodities and 16 cryptocurrencies and holds licenses to provide trading services for some 37 US-listed equity CFDs. To keep the portfolio diverse, 11 index CFDs can be traded with the company.
The review finds that among the 126 assets maintained by LiteForex Investments Limited, currency pairs are the most popular trading assets among all account holders. The company brokers the trade for major forex pairs as well as minor forex pairs. Regarding the commodities, the review also discovered that clients get access to gold and oil commodities, which come with consistent liquidity.
Forex: largest, most liquid market for trading currencies
However, in a show of good faith, LiteForex segregates all funds from the company’s operating capital at top-tier banks, and it offers negative balance protection to all its clients. LiteForex provides its clients with MetaTrader 4, by far the most popular trading platform. Freely downloadable applications for trading via mobile devices (Android, iOS and other OS) are always at hand.
However, the ECN account, which is aimed at professional and institutional users, charges a flat commission of $5 per round trip per lot. LiteForex, founded in 2005, is an established CFD and forex broker, where clients can trade on the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. They are not active on social networks such as Facebook, Twitter, Instagram or YouTube.
TOP 10 Forex и LF Fighting
LiteForex provides up-to-date reviews and forecasts for all market instruments. Its fundamental analysis consists of daily news on significant political and economic events that impact the world markets. In-house analysts and traders produce all forex fundamental analytical reports. LiteForex also provides its clients with a free high-quality analysis prepared by an independent Company, Claws&Horns. The automated copy-trading system will allow you to duplicate the best trades, trade independently, share information, and communicate with other traders. Liteforex provides a list of the most profitable traders, with their performance profiles from which followers can choose.
The stock indexes traded through https://investmentsanalysis.info/ are CFDs on major global indices, most of them included in the US30 list of Dow Jones. Bitcoin and other Popular cryptocurrencies are also traded by the company, thereby becoming an alternative to the traditional forex markets that pose a high risk of economic loss. In general, experienced traders tend to prefer accounts with higher minimum deposits and tighter spreads. Again, at Liteforex this trade-off does not occur as all three accounts have low minimum deposits and higher than average trading costs, making them unappealing to experienced traders. The reviews also revealed that the basic versions of the MT4/MT5 trading platforms are more useful and easy to adopt.
Liteforex User Experience
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. This website includes information about cryptocurrencies, contracts for difference (CFDs) and other financial instruments, and about brokers, exchanges and other entities trading in such instruments. Both cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money.
Find out in the following review where we analyze all
aspects of this lucrative trading broker and discover if LiteForex is the right
online trading brokerage for you. As per the reviews,m MT4/MT5 platforms are downloadable and user-friendly. The first advantage of using these platforms is getting access to multiple charts. A line chart or a candlestick chart improves the client’s understanding of the trade and the trading conditions. The advanced MT5 analysis tools and a built-in economic calendar are quite useful in the forex market, where there is always a high risk of losing money.
Highly competitive spreads and numerous trading instruments
The downside is, they are not active on social networks, it was difficult to find fee information and from what I have found the Standard Forex spread is high compared to other brokers. LiteForex
is a very specialized online trading brokerage as they primarily facilitate the
trading of forex with a wide selection of currency pairs. There are several other international brokers operating in Malaysia now who offer accounts based in MYR, allowing Malaysian traders to avoid paying conversion fees when making deposits and withdrawals. LiteForex demo accounts provide the opportunity for traders to trade virtual money under real market conditions.
It starts with opening a new LiteForex account and making a minimum deposit to select a trading account type. To open a trading account, users need to fill up an online registration form available on the company’s website. A KYC-based verification is conducted online, which activates the account.