LiteForex incorporates a standard suite of the popular MetaTrader 4 and 5. All the platforms can be used to carry out basic technical analysis and order execution. LiteForex also offers VPS hosting, which can be helpful for automated trading. LiteFinance offers various deposit and withdrawal methods to cater to the diverse needs of its clients. These include electronic payment systems, bank transfers, credit card transfers, and cryptocurrencies, ensuring flexibility and convenience for traders worldwide.

It is comprised of regular market updates that inform traders of xcritically unfolding trading setups. Each article consists of an economic breakdown and a technical setup supported by a chart. LiteForex offers robust research content catering to the needs of novices and experienced traders alike. The broker offers market breakdowns developed in-house and also incorporates content from Claws&Horns. The broker also offers Islamic accounts for swap-free trading, as mandated under Shariah law.

Educational Content

1. I share my knowledge with you for free to help you learn more about the crazy world of forex trading!
2. In turn, swap short relates to the charges/credits deductible or receivable for holding a selling position open overnight.
3. I have many years of experience in the forex industry having reviewed thousands of forex robots, brokers, strategies, courses and more.
4. Read Forex opinions, chat with professionals and colleagues, learn, and take your trade to the next level!
5. I recommend traders use it as part of their education before opening an account.
6. Whether you’re a seasoned trader or just starting your journey into the world of finance, LiteFinance has something to offer.

Whether you’re a seasoned trader or just starting your journey into the world of finance, LiteFinance has something to offer. It presents traders with xcritical 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 using a demo account as an educational tool.

Successful Forex traders in the currency market share their experience and working strategies to make money

I also concluded that LiteForex is pretty upfront about its trading fees. Furthermore, the costs mentioned on the website match the live quotes on the platform. Its license from CySEC is easily discoverable on the website, and traders can verify xcritical it fairly quickly.

Why is it Important to Know Where Your Broker’s Subsidiaries are Regulated?

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. 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. They contain lots of practical insights, e.g. how to use intraday trading strategies, Fibonacci retracements, etc. LiteForex offers multilingual support available 24/5 via live chat, email, and phone.

I performed my tests on a Classic trading account using the desktop versions of MetaTrader 5 and the broker’s proprietary platform. Some features and services may vary depending on where you reside and which entity you open an account with. LiteFinance is committed to educating its clients, especially beginners, with a range of educational resources.

It is generally satisfied by a copy of the trader’s ID and one proof of residency document. 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. Despite 16 years as a brokerage, LiteFinance, previously known as LiteForex, appears to undergo unfavorable changes. It could explain its corporate headquarters move and expansion into less-regulated cryptocurrency activities. Regrettably, none had a positive impact, making LiteFinance a less transparent, secure, and trustworthy brokerage. 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 here.

Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information.