Specific server hours can also be provided by the customer support team, or by clicking on the instrument details within the client portal. A combination of in-house research and third-party analytics by Claws & Horns offers traders comprehensive market coverage and trading ideas. LiteFinance maintains a blog where analysts provide research and trading signals. LiteFinance does not provide any of the necessary third-party add-ons to unlock the full functionality of MT4/MT5 and improve the trading environment.
I share my knowledge with you for free to help you learn more about the crazy world of forex trading! Over the years, LiteFinance has demonstrated its commitment to excellence in the world of online trading. With its wide range of services and xcritical courses scam customer-centric approach, it is clear why LiteFinance has earned its reputation as an innovative broker in the ever-evolving world of online trading. Forex can be traded 24 hours a day, but particular geographical trading sessions depend on the market’s timezone.
However, LiteForex’s range of instruments is somewhat limited, with an absence of share CFDs and cryptocurrencies. While the spreads on its Classic account are relatively high, the ECN account type offers more competitive trading fees. LiteFinance is committed to educating its clients, especially beginners, with a range of educational resources.
You will find the leading platforms for trading forex and CFDs across all of your devices. Whatever your trading strategy and preferences, there is a platform for everyone. There are no platform fees and the trading conditions are amongst the best you will find from any online trading broker.
Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. Private investors focusing primarily on forex pairs while appreciating transparency and competitive pricing will benefit, especially from this broker’s offering. Another benefit related to the European Union’s financial markets regulations is the negative balance protection feature that applies to both account types. LiteForex offers demo accounts that introduce traders to the broker’s services and allow them to tweak their strategies in a risk-free environment.
Deposits and withdrawals are cost-free with LiteForex, though third-party banking fees may apply. This is only true for withdrawals, as the broker reimburses its clients for any processing fees incurred when depositing. Founded in 2008, LiteForex is a forex and CFD broker based in Cyprus, authorized by CySEC. It supports the MetaTrader 4 and 5 platforms and offers VPS hosting for low-latency trading. The non-EU entity, however, has been known to offer generous $100 welcome no deposit bonuses and dream draw contests. The non-EU entity accepts traders from a range of countries, including Iran, Myanmar, Nigeria, Indonesia, Thailand, Malaysia, Vietnam, the Philippines, Uganda, Ghana and Kenya.
The market is continually evolving and never static, so it is important to hone your skills in a safe environment. You can set up a demo account xcritical reviews for yourself alongside your live CFD account. LiteForex offers two retail account types – Classic and ECN – both with a minimum deposit of $50.
LiteFinance offers a phone number but does not have a dedicated Contact Us or Support section.