LiteForex Trading Platform Review, Top Features, Set-up, & Benefits
Swap long refers to the charge deductible or credit receivable for holding a buy position open overnight. In xcritical official site turn, swap short relates to the charges/credits deductible or receivable for holding a selling position open overnight. I did not discover any major discrepancies, and all essential safety information is readily available.
Where is Liteforex based?
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. In my estimation, LiteForex is a good choice for those interested in casual trading. Namely, beginners with little or no trading experience are interested in lxcriticalg more about trading and developing a robust trading xcritical courses scam system. Brokers operate multiple entities because it allows them to serve clients worldwide.
What platforms does LiteForex offer?
Accordingly, the most favorable prices are available when trading FX majors on LiteForex’s ECN account type. Broken down by asset class and compared to the industry average, LiteForex charges high spreads on instruments across all asset classes for the Classic account. The raw spreads from 0.0 pips on the ECN account are much lower and generally fall below the industry average.
The ECN account offers generally more favorable conditions, though traders should mind the commission rate. Coupled with its raw spreads starting from 0.0 pips, this combination on the ECN account is generally better than the industry average. However, the broker charges higher commission rates on instruments from other asset classes. LiteForex offers two retail account types – Classic and ECN – both with a minimum deposit of $50.
LiteForex Research Tools
The LiteForex website and trading platforms are available in English in addition to 14 other languages. Trade in the leading MetaTrader 4 and MetaTrader 5 platforms along with mobile apps catering to both android and iOS systems. The much-awarded international online broker facilitates trading in a wide variety of instruments—trade in Forex, CFDs, indices, shares, commodities, and cryptocurrencies. LiteForex offers 31 educational lessons available from the client area. They are divided into beginner, intermediate, and advanced categories. I appreciated that the materials are supported with tests to help the reader solidify what has been learned.
- You can also use the app to place market, limit, and stop orders, as well as to adjust the exposure of your open trades.
- Clients of LiteForex can also use its VPS offering for low-latency trading and engage in copy trading.
- The leverage multiplies the profits a trader generates from winning positions but also the losses incurred from failed trades.
- Additionally, the broker offers a range of educational guides, which are freely available on the website.
- It illustrates the spreads and commissions I have recorded for the EUR/USD pair and compares them against the typical costs for ECN and STP accounts in the industry at large.
- This broker provides a reliable and engaging copy trading facility that functions as a social media network.
A bank statement that mentions name and address is also acceptable. Make sure that all the particulars entered can be proved through documentation. Names and dates of birth and address particulars should be reflected exactly as they appear in the official documents. According to the choice opted for, download the free software using the internet.
At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions. LiteForex provides layered educational content that is well-structured and easy to understand. Beginners can choose from multiple guides, books, videos, and more to gain a firm grasp of the ABCs of trading.
