For investors with Muslim faith, Islamic accounts (swap-free) is available upon request. LiteForex strives to offer its investors with electronic communication network environment, which ensures that all traders’ orders are sent directly to liquidity traders. For any inquiries, LiteForex’s 24/5 multilingual support team is available through live chat, email and phone call. Liteforex Investments Limited does not provide service to residents of the EEA countries, USA, Israel, and Japan. LiteForex is an online FX and CFD brokerage firm founded in 2005. Not eligible for trades that are closed within 3 Pips of the open price.
- We then share the majority of our revenue with you, paying you a cash rebate for each trade you make as thank you for signing up with us.
- Regardless of the way you choose – become a trader, a partner, or an investor – we’re always ready to provide advantageous cooperation terms.
- The calculators include the usual Forex calculator, the Fibonacci calculator and the currency rates to support your calculations.
- Also, the platform has the best services with the most popular MetaTrader4 trading platform.
- Lite Forex has favorable trading fees that commission its wide range of equities.
LiteForex trade has more than 40 currency pairs and out of these 7 are major currency pairs. They can select the order type and set the details and then click on place order. It will be an upgraded model of partnership between LiteForex and clients. The program offers new perspectives of mutual benefits and provides valuable services to all the parties. With more than 30 partnered companies all over the world, Hercules.Finance offers trusted and timely information for Investors and Users of the services. For more latest information of the website, please visit hercules.finance.
FAQ – The FAQ page answers almost all questions you might have about social trading. Trading Strategies – Beginners can check out a free library of trading strategies and systems developed by experts. LiteForex continues to add more strategies, taking care to select only the best strategies that are sure to work. Tutorials – LiteForex’s trading tutorial includes tips and guidelines for beginners as well as general trading rules. If you have never done any forex trading before, you have to check out this tutorial first.
What Are LiteForex Rebates?
This account is originally offered to professional-expert level traders who have already formed their views on the real markets. Those traders who adhere to a proven strategy in their trading using five-digit quotes and market execution with no requotes will find this account to be exceptionally matching their needs. The trading cost, available trading platforms and the bonus promotions are different depending on the account types as below. On both platforms and account types, LiteForex broker offers negative balance protection. Once the trader loses funds, the account is automatically resetting to zero, preventing a negative balance. Besides having the client as the main focus of the company, LiteForex broker is also using one of the best platforms for trading on Forex market.
This is done through FP Markets Trading Series presenting three sections that help to become a better trader that diverse to a different levels of traders. Mobile trading platforms for both iOS and Android with alerts, push notifications and full control over your trading account are also included in the package. Furthermore, the platforms are enhanced with automated trading and social trading capabilities with no restrictions on strategies, also additional complex order types.
The other benefit of this broker is the copy trade services which is an essential element for a broker to have. The noticeable additional advantage of this broker, which could satisfy you, is the existence of a social trading platform that will expand your business. This forex broker is always ready to provide the services that it has promised to the clients. Many people who have found ways to their goals in this broker have claimed that they are satisfied with the services that this broker presents for different transactions. Trading accounts in this forex platform is opened seven days of the week for 24 hours.
First of all, you must know the pros and cons of this popular broker to understand whether it has the power points that you want or not. Then, it comes to knowing its characteristics in detail which helps you in choosing a professional broker. Other critical elements such as the type of account and the accepted country are essential to pay attention to before opening a report in the broker of LiteForex. Electronic Transfers – You can make a minimum deposit of $10 in your account using services such as Skrill, Neteller, Perfect Money, Skrill 1-Tap, and Qiwi.
LiteForex’s Trading Conditions
LiteForex offers traders the selection between two of the most popular and loved trading platforms in the world, the MetaTrader 4 and MetaTrader 5 trading platforms. Both platforms are https://forex-review.net/ highly sophisticated and accommodate the needs of both beginner and experienced traders. However, because LiteForex only provides trading in the forex markets, both platforms will do.
The brokerage company since 2016 is growing manifolds making forex trading easier. LiteForex caters to beginner traders by providing them with extensive educational material in their comprehensive education centre. Traders have access to a Forex glossary, eBooks, tutorials, trading strategies, trading indicators, and a blog with loads of helpful information.
A variety of payment systems for fast depositing and withdrawal of funds
The trader actually receives reduced commissions and/or spreads. LiteForex has some limited options as far as competing brokerages are concerned, specifically broker liteforex variable spreads aren’t as attractive as the option to choose. Experienced experts at Claws&Horns master the art of analysis as no one else.
On both of them, the minimum deposit should be $50, and the leverage, trading platforms and the size of the orders stay the same. Everything largely stays the same, except for some minor changes. With LiteForex review, traders can understand the features of the user-friendly trading platforms available. LiteForex MetaTrader4 and MetaTrader5 are the most popular trading platforms globally. Also, the platform has the best services with the most popular MetaTrader4 trading platform.
Forex, binary options and cryptocurrencies are highly speculative assets. Mobile forex apps make forex trading easier by enabling traders to create filters and get the latest information only for selected trading instruments. These apps feature analytical support for precious metals, oil, and a wide range of currency pairs.
Brokers By Licenses
One of the negative issues with this Forex broker is that it does not provide the customer support 24/7. Instead the customer support is available for clients form Monday to Friday from 9 a.m. The customer support service can be reached by phone, e-mail, chat and on social networks such as Facebook and Twitter. All in all, LiteForex is one of the reliable forex brokers that could be suitable for your trading goals. To help yourself decide better, go for the following paragraphs and become aware of the benefits and drawbacks of this well-known broker. Bank Wire Transfers – You can choose from methods such as Bank Wire (minimum deposit $100), Alfa-Bank (minimum deposit $10), SberBank Online (minimum deposit $10), and local deposit (minimum deposit $1).
And in that case, we can say that LiteForex is one of the good brokers. As customer support is provided in so many ways and through all sorts of channels that all the clients need to do is think which way is easier for them n just go for it. LiteForex is a trading platform with regulation, products, leverage, trading platform and low trading fees. However, it is a scam as per our review because of the two trading websites.
All of the same methods used to deposit funds can be used to withdraw funds. Deposits are free of charge and withdrawals are subject to withdrawal fees. The minimum deposit amount varies from $10 for most payment methods to $100 for some Bank Wire Transfers. As for withdrawals, the minimum withdrawal amount is not stated.
It is important to note that it might take 5 days to have your funds if you are using bank wire transfer. Currency Rates – Get a selection of charts on quotes and the latest currency rates. Economic News – You can get the latest forex news using this tool. Reviews – Beginners can read about what other traders think about LiteForex.