TOP Forex Broker in the market Working since 2005

Trading View offers advanced charting capabilities and multiple analytical tools for carrying out advanced technical analyses. As a chart artist, I have always valued platforms with detailed and versatile charts, and LiteForex’s platform is one such station. In this review, I tested the MetaTrader 5 platform, which features multiple essential tools, such as one-click trading, an alarm setting option, and a market depth tool. These allow traders to examine various market developments from different angles and to exploit the underlying trading opportunities in multiple ways.

The table demonstrates how much you would have to pay to trade 1 full lot (100,000 units) in EUR/USD with a pip value of $10 for each account. In our reviews, we examine the licenses and regulations of each entity operated by a broker, allowing us to compare their different levels of protection. We rank licenses by various regulatory bodies on a three-tier system, where Tier-1 licensing indicates the highest level of regulation. Liteforex (Europe) Ltd is regulated in Cyprus by CySEC, and LiteFinance Global LLC is unregulated.

Note, only the MT4 platform is available to ECN account holders. Also, the brand runs a ‘Dream Draw’ with a prize fund of $350,000 and a Video Blogger contest with a prize pool of $1,000. The broker also runs trading contests with cash prizes up to $4,000. LiteFinance is an unregulated Forex and CFD broker operational since 2021 out of St. Vincent and the Grenadines, with a subsidiary regulated in Cyprus. It operated out of the Marshall Islands as LiteForex before its relocation. LiteFinance offers a phone number but does not have a dedicated Contact Us or Support section.

LiteForex (Europe) does not offer any promotions, including no deposit bonuses. The MT4 and MT5 platforms also use Secure Sockets Layer encryption protocols and extended layers of security if required. You can also get help 24/5 by clicking on the live chat logo, which is available upon login to a demo or live account. Top10stockbroker.com & Indianfranchisereview.com are websites under Medmonx Enterprises Private Limited.

MT5 offers more indicators and advanced analysis tools than MT4 including a built-in economic calendar, 21 timeframes, plus a Depth of Market feature. Still, MetaTrader 4 remains the most popular platform and has everything needed to implement successful trading strategies. I like that LiteFinance deploys its proprietary copy trading service embedded within the web-based trading platform. LiteFinance pays strategy providers, adding an attractive revenue stream for successful traders. LiteForex Europe offers margin trading on a wide range of instruments, including currencies, commodities, and stock indices.

Extent of Leverage

MT5 is arguably best suited for automated trading via its Expert Advisors (EAs) feature. For low-latency algorithmic trading, clients of LiteForex can take advantage of the broker’s VPS offering, affording execution speeds of below 2 milliseconds. 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. Open an account with LiteForex and gain access to quality analysis for free. LiteForex’s research content gives traders a multifaceted overview of the xcritical state of the market and provides them with actionable trading signals.

What is LiteFinance?

1. I appreciated their diversity and sharp focus on technical analysis, fundamental analysis, and trading psychology.
2. Open an account with LiteForex and gain access to quality analysis for free.
3. This obscures price action behavior and makes it more difficult to conduct probing technical analysis.
4. Since rebranding, LiteFinance lacks transparency across its core trading environment.
5. However, there is a promotional offer to get a rebate on deposit fees, so payments are essentially free.

I consider the charts screen a platform’s most important feature. It facilitates technical analysis by providing an overview of price action behavior. Chart artists use many analytical tools and chart configuration possibilities to examine it from multiple angles. xcritical rezension In my experience, the really important aspect of a chart is how easy it is to scale price action up and down. I performed my tests on a Classic trading account using the desktop versions of MetaTrader 5 and the broker’s proprietary platform.

LiteFinance offers an automatic withdrawal feature that enables traders to withdraw funds up to $100 per day within 24 hours and is available on Perfect Money and M-Pesa. The minimum deposit for all accounts is $50 and payments are usually processed on the same day. Clients can also fund their accounts with cryptocurrencies, such as Bitcoin. Traders will conduct all financial transactions from the secure back office of LiteFinance.

Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today. His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis. Plamen’s favourite trading instruments include FX majors and gold.

I caution beginner traders about using a demo account as an educational tool. It can create unrealistic trading expectations, and the absence of trading psychology negates the educational value. LiteFinance (ex LiteForex) was founded in 2005 by Aleksey Smirnov. Today, its brokerage services are used by 500,000 clients worldwide. The broker offers extensive supporting content, multilayered safety mechanisms, and fast but basic customer support.

Traders should have a reasonable level of trust with this broker. There are no bonus deals or promo codes offered by LiteForex Europe in 2024. As per CySEC regulations, the use of incentivised trading via bonuses, contests, rebates, etc, has been restricted to protect retail investors.

Can LiteForex Web Trading Platform be used without EKYC?

CFD NYSE and CFD NASDAQ cater to shares in the greatest global companies. LiteForex Investments Limited caters globally to 500,000 clients and maintains numerous offices in many countries. All activity is monitored and clients should feel reassured that their funds are held safely. Any changes to standard trade hours are reliably communicated by the LiteFinance news blog.

What is the LiteForex Trading Platform called?

Traders can access LiteForex’s copy trading environment from the ‘Investing’ section of the website. The performance of all the available trading strategies is presented in the ‘Traders Ranking’ subsection. I did not discover any major discrepancies, and all essential safety information is readily available. 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.

You can also use the app to place market, limit, and stop orders, as well as to adjust the exposure of your open trades. LiteForex’s platform is much more fluid in comparison to MetaTrader, especially its charts, which are powered by TradingView. xcritical Brokers operate multiple entities because it allows them to serve clients worldwide. However, licenses obtained by regulators in different jurisdictions do not always entail the same degree of protection. Read independent analysts and obtain the most xcritical details about financial markets. The BOOM500, BOOM1000, CRASH500, and CRASH1000 indices have been added to LiteFinance’s list of trading instruments.

LiteFinance features a Beginner section on its blog, where it presents educational content featuring dozens of quality articles. I recommend traders use it as part of their education before opening an account. LiteFinance does not provide any of the necessary third-party add-ons to unlock the full functionality of MT4/MT5 and improve the trading environment. The present choices will leave traders with an incomplete and sub-standard experience unless they are willing to invest in upgrades.