The trading account is accessed directly from the internet browser. Traders can place their forex and CFDs trades from any device they have available, as no installations are required. Of course, social trading is not mere copying, and traders can use 4 different strategies for copying trades. LiteFinance, formerly LiteForex, is owned and operated by the LF Global group of companies. The LF Global group of companies is an international conglomerate offering clients trading services. Its two subsidiaries are LiteFinance Global LLC and Liteforex (Europe) LTD.
- This step is a safety measure to prevent frauds from taking your money.
- This consists of a simple form where you can enter your name and contact details.
- Impressively, the LiteFinance customer team was on the ground to respond to these negative reviews.
- This broker has invested substantially in the functionality and navigability, which makes an excellent first impression on would-be traders.
- This makes it much easier for you to find what you’re looking for at speed.
- Of course, social trading is not mere copying, and traders can use 4 different strategies for copying trades.
Traders can use all of them, depending on what they are interested in. For example, it is possible to watch a tutorial, check out strategies, follow analytics, read market news etc. There are also several tools that traders might find useful such as Fibonacci calculator, Trader’s calculator and similar. Traders can use them to calculate different rates and possible outcomes of market movements.
Forex trading with LiteFinance is one of the best ways to become a professional on Forex market
Published materials should not be regarded as a recommendation for investment or advice in accordance with Directive EC.
Trading with a regulated broker will limit the potential for fraud and malpractice. I always recommend traders to check for regulation and verify it with the regulator by checking the provided license with their database. LiteFinance maintains one regulated subsidiary for EEA, UAE, and Marshall Islands-based traders. MT4 and MT5 are widely considered to be intuitive and easy to use.
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. LiteForex has a track record of more than 15 years in the online brokerage industry with offices in jurisdictions worldwide.
- Amongst other benefits this are some of the qualities that stood out for me.1.
- These include an economic calendar to help traders keep track of big market events, a traders’ calculator, and a Fibonacci calculator designed expressly for use with forex.
- Alongside currency trading, it offers forex on metals, oils, cryptocurrencies and global stock indices, as well as CFDs on the NYSE and NASDAQ.
- The educational resources available through Liteforex are first rate.
- I always recommend traders to check for regulation and verify it with the regulator by checking the provided license with their database.
- Over the long years of successful work on the forex trade market, we have managed to figure out how to simplify our system of trading accounts and services to meet better our clients’ needs.
The unexplained move of its headquarters from one unregulated Forex jurisdiction to another raises red flags. Since rebranding, LiteFinance lacks transparency across its core trading environment. Until this broker fixes its issues and returns to the same standards liteforex broker established over 15 years as LiteForex, I advise extreme caution. LiteFinance notes a 30% deposit bonus for the Classic account, where trading costs are 80% higher than its ECN account. LiteFinance offers three partnership programs, but limited information exists.
I use LiteFinance account in FOLLOWME
The LiteFinance website is owned and operated by the LF Global group of companies, which include LiteFinance Global LLC and Liteforex (Europe) LTD. LiteFinance Global LLC is located in St. Vincent & the Grenadines and incorporated as a Limited Liability Company with registration number 931 LLC 2021. It does not provide service to residents of the USA, Israel, Russia, Japan, and the EEA countries.
Is LiteForex a good broker?
The website, however, is available in Arabic, Chinese, English, French, German, Indonesian, Italian, Malay, Polish, Portuguese, Russian, Spanish and Thai, which may provide some indication. Liteforex has a client loyalty programme under which it will pay back fees charged by most major payment systems for depositing money in your account. No commission is charged for topping up your funds, so you can do it as often as you wish. Multiple means of transferring money into your account are available. Traders who decide to trade with LiteForex, can offer an interesting set of assets.
Private investors focusing primarily on forex pairs while appreciating transparency and competitive pricing will benefit, especially from this broker’s offering. Forex traders focused primarily on major and exotic currency pairs will benefit from competitive spreads and a transparent fee structure while using the industry-standard MetaTrader platform. I can highlight what I like the most is the automatic fast withdrawal of funds, convenient web terminal and mobile application, low spreads on ECN accs, and good trade performance. Over the years, I have had some problematic situations, as well as with other brokers, but at litefinance they have always been resolved quickly and in my favor. 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.
Banking & Company Information
The presence of independent analysis is a reassuring touch that more brokers should consider. Over the long years of successful work on the forex trade market, we have managed to figure out how to simplify our system of trading accounts and services to meet better our clients’ needs. LiteFinance offers an impressive range of deposit methods for convenient Forex trading. However, you may have to pay a transfer fee to the payment systems you use to top up your trading account. In most cases, LiteFiancne will reimburse the client for any deposit fees charged by payment systems.
This broker has invested substantially in the functionality and navigability, which makes an excellent first impression on would-be traders. The LiteForex site features extensive information about the account types and assets available to buy and sell using its platform. Customer service contact information is prominently displayed for smooth communication with the support team. Litefinance is a great and safe broker and gives good forex trading services.
The most recent developments, starting with the launch of LiteFinance Global LLC, raise notable concerns. The online platform designed by LiteFinance is a one-stop trading system that provides a trader with all necessary tools and does not require installing. There’s a useful (and substantial) guide to books about forex, with short reviews of each one. Liteforex doesn’t provide or connect to a platform where you can buy these books, however, so if any of them interest you, you’ll need to note the details and make your purchase on another site. As always, you should be aware that trading with high leverage places you at risk of sustaining very heavy losses. It’s important to be fully aware of the risks before you trade.
