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Liteforex Ltdis authorised and regulated by the Cyprus Securities and Exchange Commission , with licence number093/08. All information on 55brokers.com is only published for general information purposes. We do not present any investment advice or guarantees for the accuracy and reliability of the information. In addition, there are established centers in various regions, so Europe and international are covered, however, customer service is available on working days only 24/5.

For https://forexhero.info/ review, it is better to starting with the general history of this broker. They claim to be real ECN but act as a bucket shop, You can trade there for months and years but when you decide to withdraw – they can cancel all your profit and leave only losses. If you are still waiting tell your account number please and we will check. When I told them about the money they told me that it will not be transferred to me.. Sign up to our newsletter in order to receive our exclusive bonus offers and regular updates via email. This broker did not score well during our testing process and is not recommended by our experts.

Markets

LiteFinance, formerly LiteForex, is a forex broker founded in 2005 with a EU branch in Cyprus. Yes, our review of LiteForex found that the EU arm of the broker is licensed by CySEC and the international arm of the broker is licensed in the Marshall Islands. Bring a friend 2.0 – The more friends you introduce the more bonus rewarded. $15 for each attracted friend, $10 for a 2nd level friend, $5 for a 3tf level friend, and $2 for a 4th level friend.

ForexPeaceArmy.com has advertising and affiliate relationships with some of the companies mentioned on this site and may be compensated if readers follow links and sign up. We are committed to the fair handling of reviews and posts regardless of such relations. Cancelling profitable trades on ECN account which took place a few months ago. My account has been unblocked and I received my all withdrawal funds.

Platform Info

Its decade-long operation has given LiteForex a great step in having the right experience in the market. A VPS is useful to traders who need speed, steady internet connection to the servers and reliable power supply. Most traders who use complex trading systems and EAs always demand to use a VPS, especailly due to the convienience of being able to remotely run trading platforms 24/7. The VPS is provided by LiteFinance at a fee starting from $15 per month. Liteforex provides a social trading system, but beyond this, it does not have a forum of its own.

The account-opening process at Liteforex requires only registration of an email address and password. The withdrawal fees are ranged also from one option to another, while some LiteForex withdrawal options add no fees and others will add on a small mark up. Our experts found LiteForex’s range of products includes trading popular Forex and CFD Metals, Oil, as well as a range of Global Stock Indices.

It’s important to be fully aware of the risks before you trade. Founded in 2005, Liteforex has grown to the point where it now serves over one and a half million clients. It has won multiple awards and been included on World Finance magazine’s ‘World Finance 100’ international list. All in all, Liteforex is a refreshingly straightforward option. Economic Calendar – You can get predictions on world economic news and forex, delivered to you every day and every week. FAQ – The FAQ page answers almost all questions you might have about social trading.

Brokers By Licenses

LiteFinance also supports its clients with multiple trader tools, learning resources and expert market analysis. I think they can be worth consideration if you are primarily trading forex but found the other asset classes to be quite limited when compared to other forex brokers such as RoboForex. I found them to have reasonable trading conditions including tight spreads, social trading, and decent execution speeds over its ECN network which helps to ensure minimal requotes. However, the commission fees aren’t the lowest unless you want to pay zero commission and get a spread mark-up instead. LiteFinance asserts that client trades are routed directly to the liquidity provided without broker intervention. This should mean that your trades are executed at the best possible prices that the liquidity providers have at any time.

You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. 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.

There’s a link to the terms and conditions that you should read before you confirm. A fee is charged for holding a position open overnight or over the weekend to account for the change in comparative currency interest rates over this period. If you have an Islamic account, you will not have the option of keeping positions open like this, so you will not incur these fees. The amount of leverage you use is established when you initially set up your account. It’s possible to change it later without having to close your open or pending orders first.

You will be required to contact the liteforex broker team to have the issue addressed. Automated Money Withdrawal – If clients want to urgently withdraw some money and cannot wait for several days to receive it, they can avail of this feature and get their money within 24 hours. Customers can withdraw up to $100 per day using any popular payment system such as Neteller, Perfect Money, and Skrill.

• It’s possible to change it later without having to close your open or pending orders first.
• LiteForex is a Forex broker operating out of Marshall Islands, and as such falls under the financial laws of the Marshall Islands Business Corporation Act.
• There are also several articles on indicators, forex trading strategies.
• Other trading instruments are available but are very limited compared to other brokers such as RoboForex who have thousands for you to choose from.

It requires a low deposit of just $50 and offers highly competitive leverage. LiteForex gives you two types of trading platforms namely; MT4 and MT5. All these platforms are there to give you an awesome experience when trading. For professional traders, investors, and traders who want to use the social trading service, ECN account is the best choice.

Importantly, the apps cannot run automated systems which is a big disadvantage. However, they are ideal for managing your account and checking the latest market news from the comfort of your mobile phone. Experienced experts at Claws&Horns master the art of analysis as no one else. All sorts of analysis, latest forecasts, unique reviews, expert opinions and many other analytical materials that are indispensable to trading success are now freely available to LiteFinance’s clients.

Past performance is no indication or guarantee of future performance. ForexFraud.com is an affiliate partner with various brokers and may be compensated for referred Traders. All reviews remain unbiased and objective and immediate action will be taken against any broker which is found to be in breach of regulation. These partnerships have proven to be great aids in the furthering communication between brokers and our visitors. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

For the first time I deposited 100usd then lost all my money by trading. Although LiteForex is a regulated broker and so it is not a scam, our experts do not recommend trading with this firm. We advise that you choose a higher-quality broker that has passed our strict reviewing process. Liteforex’s market analysis materials are in-depth, comprehensive, and frequently updated. LiteForex’s educational materials are average compared to other similar brokers. Overall, this is strange behaviour from an international broker, especially in an industry often accused of an irresponsible approach to consumer protection.

A demo account serves as a training account, which new clients can use to learn more about trading strategies and improve their trading skills. This action has been replicated by other brokers, as a result millions of new traders start trading with minimum deposit in real accounts . LiteForex offers a limited selection of educational materials for beginner traders, but their extensive analysis section covers fundamental and technical analyses across a range of currency pairs. A bonus is that one does not have to be a LiteForex Trading client to access this material.

Nowadays, LiteForex broker is one of leading brokerage companies that unites traders worldwide. LiteForex is on the top 100 companies list according to World Finance. There is a lot going for this well-established broker, but there is one thing that really lets it down and that’s the lack of recognised regulation. Nevertheless, the range of assets is good, spreads aren’t over the top, bonuses are worthwhile and there are even some contests.