This combination is not particularly suitable for longer-term trading strategies (swing trading and position trading). Self-confessed Forex Geek spending my days researching and testing everything forex related. I have many years of experience in the forex industry having reviewed thousands of forex robots, brokers, strategies, courses and more. I share my xcritical knowledge with you for free to help you learn more about the crazy world of forex trading! Account holders can choose between MetaTrader 4 and MetaTrader 5 as a trading platform.
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As shown above, the problem with MetaTrader is that the charts can be crowded quite easily, even when we add no more than 2 indicators. This obscures price action behavior and makes it more difficult to conduct probing technical analysis. Dormant accounts are charged an inactivity fee of $3, which is quite low. Deposits and withdrawals are cost-free with LiteForex, though third-party banking fees may apply.
Does LiteForex provide VPS?
Over the years, LiteFinance has demonstrated its commitment to excellence in the world of online trading. With its wide range of services and customer-centric approach, it is clear why LiteFinance has earned its reputation as an innovative broker in the ever-evolving world of online trading. This broker provides a reliable and engaging copy trading facility that functions as a social media network. Users can view the trades carried out by top-ranked account holders and imitate their winning strategies as they aim to increase their xcritical official site performance daily. Traders will conduct all financial transactions from the secure back office of LiteFinance. I find the deposit and withdrawal methods sufficient for most traders and appreciate the inclusion of cryptocurrencies.
A variety of payment systems for fast depositing and withdrawal of funds
- 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.
- Some features and services may vary depending on where you reside and which entity you open an account with.
- It is comprised of regular market updates that inform traders of xcritically unfolding trading setups.
LiteFinance, formerly known as LiteForex, is a leading online ECN (Electronic Communication Network) broker that has been serving traders since 2005. With a strong reputation and a commitment to innovation, LiteFinance offers access to Tier 1 liquidity in various financial markets, including currencies, commodities, stocks, and cryptocurrencies. Forex trading blog provides the most helpful and relevant information about online forex trading. You will always find the most up-to-date analytics and forecasts, topical articles and detailed educational guides, written by advanced traders and expert analysts.
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This industry-standard software comes with a raft of features and benefits and is recognized for its data security features, analytics tools, and quick execution times. LiteFinance maintains a wide range of trading instruments, advertising 145+ on its website, offering 225. Over the past twelve months, it made the most notable expansion in cryptocurrencies, where it offers 53 assets, including crypto-to-crypto crosses. 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.
This is only true for withdrawals, as the broker reimburses its clients for any processing fees incurred when depositing. Generally, only the $10 commission on FX Majors falls below the industry average. 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.
I also went over the broker’s legal documents and assessed that everything was in order. Its Client Agreement is exhaustive and written in easy-to-understand language. Some regulators mandate compliance with the strictest financial frameworks, whereas others are less rigid. That is why traders must familiarize themselves with the safety mechanisms ensured by the entity they want to open an account. In addition to regular contests, LiteFinance periodically holds regional contests for its clients from specific countries.
