Under normal market conditions and the system’s productivity, the trade will be executed quickly right after the order has been sent, and you will be bound by its terms. Here you can change the size of a trade and place stop loss and take profit orders. You can place a pending order, specifying the desired price in the “At the price” menu.
For example, it charges a fee of 3% for withdrawing via debit/credit cards and a commission of 2% for withdrawing by bank transfer (click here for more on deposits and withdrawals). Overall, these withdrawal fees are higher than other similar brokers. As you can see from the table above, trading costs on the ECN Account limefx website are significantly lower than those on the Classic and Cent Accounts. However, these costs are still above those of other good brokers, which have a trading costs of 9 USD per lot traded. Additionally, spreads are variable, which means they get tighter or wider depending on trade volume and market volatility.
For instance, traders
have access to numerous eBooks, tutorials, strategies, articles, and more to
help them become better traders. Also, support representatives can easily be
contacted 24 hours a day, 7 days a week via live chat, email, support forums,
and telephone support that supports call back functionality. Therefore, traders
will always be able to get in touch with a representative easily and quickly. Also, traders can interact with representatives via the brokerages various
social media channels including; Facebook, Twitter, Google+, Instagram,
LinkedIn, Pinterest, Telegram, and YouTube. Below the window of quotes on the main page, there’s a list of traders an investor can copy trades from. An investor may display on the main page information on the number of clients who copy the trader, the volume of assets managed and the “Copy” button.
LiteForex Reviews and Comments
Overall, because of its history of responsible behaviour, the fact that LiteForex segregates all client funds, and provides negative balance protection, we deem Liteforex a safe broker for Malaysians to trade with. LiteForex supports mobile trading by
providing their clients with an entire suite of proprietary mobile trading
applications. The mobile applications available include; Forex Analysis, Forex Signals,
Trading Strategies, Mobile Trading, Forex Digest, and Currency Rates. Lite Finance (ex. Lite Forex) offers platforms available in MetaTrader 4 (MT4), MetaTrader 5 (MT5) and LiteFinance proprietary mobile apps. In the picture below, there are three new sections I’ve mentioned above and the main trader profile menu. You need to click on the “Portfolio” button at the bottom of the page, and a customizable menu will open below.
Other popular features include Expert Advisors, automated trading support, strategy backtesting, customisable charting, indicators, and copy trading functionality. LiteForex offers an automatic withdrawal feature that enables traders to withdraw funds up to 100 USD per day within 24 hours, which is available on Skrill, Perfect Money, and Neteller. Note that withdrawal requests are processed manually by the Financial Department during its working hours and are processed within one working day of the date of submission. Bank wire transfers can take up to five working days to be processed, depending on the sender’s and beneficiary’s banks’ operation speed.
LiteForex Broker Review
Accounts with lower minimum deposits and which allow trading in micro-lots are generally more suited to beginner traders. Spreads on these accounts are often wider than those with higher minimum deposits. All Liteforex’s accounts have a minimum deposit of 50 USD, making them accessible to beginner traders.
This is because LiteForex is an online Forex broker in which it offers a wide variety of services and facilities online. This include listings, signals, related information and any other resources to help individuals who are looking to enter Forex trading. LiteForex’s educational suite includes archived webinars, a glossary of terms, a set of books written by professional traders, and an extensive blog with topics for beginners and experienced traders alike. Traders receive independent market news and analysis from third-party provider, Claws & Horns.
Login to LiteFinance Global LLC
Central to that process is the evaluation of the broker’s reliability, the platform offering of the broker, and the trading conditions offered to clients, which are summarised in this review. Each one of these is graded, and an overall score is calculated and assigned to the broker. Overall, Liteforex’s CFD offering is limited compared to what is available at other similar international brokers but it stands out for the number limefx courses scam of cryptocurrency pairs on offer. LiteForex offers a limited number of financial instruments compared to other large international market makers. LiteForex provides a host of trading calculators, including a trader’s calculator to calculate trading costs and required margin, a Fibonacci calculator, and a currency rates calculator. LiteForex offers an average number of trading tools compared to other similar brokers.
We know that traders choose LiteFinance as we never rest on our laurels despite all our achievements and success. We regularly implement new services, develop the network of our representative offices worldwide and increase our clients’ potential in the Forex currency market. LiteFinance has been generally recognized by more than million and a half clients from all over the world.
In the window that opens, you see all manager traders whose trades can be copied (blue button). Copying will be automatic, within the limits of a deposit allocated to each of the traders. Here you can find all current quotes for currencies, shares, oil, metals, stock indexes, and cryptocurrencies.
Some of the lowest spreads in the Forex market
Our License Checker verifies the validity of EU, UK and UAE broker licenses in near real-time. Make a deposit using your credit or debit card and LiteForex will reimburse any fees paid. LiteFinance Global LLC does not provide service to residents of the EEA countries, USA, Israel, Russia, Japan, and some other countries.
- Using the MetaTrader 4 trading platform, you will find that your LimeFxs are easily carried out as this is the most commercial and popular engine used by forex traders around the world.
- Also, Britain’s leading financial magazine “World Finance” has included us in its “100 World Finance” worldwide list.
- Trading FX or CFDs on leverage is high risk and your losses could exceed deposits.
- For all intents and purposes, the SVGFSA is not considered a forex broker regulator and applies no supervision of any CFD trading-related activities.
- Below the window of quotes on the main page, there’s a list of traders an investor can copy trades from.
LiteForex is an excellent trading brokerage
that accomodates traders of all experience levels and is very reputable in the
online trading industry. The brokerage has been awarded various awards by
multiple online financial publications for their level of trading services and
customer care and support. LiteForex features a live demo account for traders
to practice on and awards new traders with a bonus up to 50% for depositing
is a zero commission trading brokerage and only charges trading fees through
floating spreads on all types of trading accounts.
Our company has got a huge number of awards, such as Best Broker in Africa, Asia, Latin America, and the fastest growing broker in Western Europe and Asia. Also, Britain’s leading financial magazine “World Finance” has included us in its “100 World Finance” worldwide list. LiteForex offers three account types, which is average when compared to other brokers, and the accounts are more suitable for beginners than more experienced traders. In addition to the MetaTrader 4 and Metatrader 5 platforms, LiteForex also offers a user-friendly proprietary copy trading platform. The automated copy-trading system allows traders to duplicate the best trades, trade independently, share information, and communicate with their signal providers.
This is where you will be able to earn more profits through this partial spread rebates scheme
Apart from actual investing and trading, you will be able to find some very useful analysis and tips resources here. This is where you can enjoy the actual forex analysis that provides accurate forecasts while generating very relevant situation analysis information. On top of that, you can have a flexible withdrawal scheme where you can withdraw up to US$100. To regulate and encourage more trading, LiteForex will occasionally hold contests where you can stand to win cars, bikes, gadgets and even cash prizes.
LiteForex also provides its clients with a free high-quality analysis prepared by an independent Company, Claws&Horns. For all intents and purposes, the SVGFSA is not considered a forex broker regulator and applies no supervision of any CFD trading-related activities. Malaysian clients must rely solely on the reputation of Liteforex, as no additional measures exist https://limefx.biz/ to ensure client protection. 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. It’s evident that
the brokerage takes the success of their clients very seriously as they do
everything in their power to help their traders succeed.
- This include listings, signals, related information and any other resources to help individuals who are looking to enter Forex trading.
- It also offers VPS hosting at a cost of 15 USD per month in addition to free independent market news and analysis from third-party provider, Claws & Horns.
- Note that withdrawal requests are processed manually by the Financial Department during its working hours and are processed within one working day of the date of submission.
- See how LiteFinance compares against each of the following brokers.
- Liteforex’s market analysis materials are in-depth, comprehensive, and frequently updated.
Having clicked on it, you will be invited to register and make a real deposit, or to increase your virtual deposit. You can download MetaTrader 4 in the “Trading Platforms” section of your broker’s website. To install the platform, double-click on the downloaded file “litefinance4setup.exe”. Choose a directory for installing the program and follow the installation program tips.
LiteFinance will never charge swap fees on these accounts’ overnight balances. Open an account online and reach out to your account manager before placing your first trade. Stefan graduated from the London School of Economics and HEC Paris. He started his career in LimeFx banking in 2005 and trades in his own time. Our multilanguage client support team provides 24-hour service and is ready to answer all of your questions in your native language.