LiteForex A broker with competitive spreads but high commissions

 Dans FinTech

In total, there are 6 different mobile apps that can bedownloaded for free from the Apple App Store and the Google Play Store.Theapplications are compatible with both smart phones and tablets and operate verywell. The mobile applications available include; Forex Analysis, Forex Signals,Trading Strategies, Mobile Trading, Forex Digest, and Currency Rates. Most traders will deal with the primary unregulated brokerage from St. Vincent and the Grenadines. A CySEC licensed subsidiary exists for the EEA, the UAE, and the Marshall Islands traders.

معامله ی خود را همین حالا با شرکت LiteFinance شروع کنید

Additionally, the website is multilingual together with the live chat which is available 24/5 in 22 languages. Live chat provides the ability to connect to LiteForex’s different departments, including partnership and financial departments, together with general customer support. With all this combined, LiteForex offers excellent customer support services. Where LiteForex excels is in the trading tools offered for free by the broker. The tools include an economic calendar, technical and fundamental Forex analysis, analytical materials from Clawthorne (an independent trading agency), economic news, a currency calculator, and currency rates.

  1. adheres to strict xcriticals to preserve editorial integrity to help you make decisions with confidence.
  2. It is ideal for manual traders and superior to the MT4/MT5 web-based alternatives.
  3. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here.
  4. 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.
  5. I like that LiteFinance deploys its proprietary copy trading service embedded within the web-based trading platform.
  6. Another benefit related to the European Union’s financial markets regulations is the negative balance protection feature that applies to both account types.

App Privacy

Afterconducting in-depth research on the LiteForex online trading brokerage, it’sevident that the broker is highly competent and very reliable. The brokerageprovides an excellent selection of online trading platforms to choose from anda wide array of tradeable assets to invest in and trade. The level of customersupport is phenomenal and LiteForex offers a variety of favorable trading feesbased off the trading account the trader chooses.

Trader’s instruments necessary for succesfull trading

All in all, if you’re lookingfor a reliable online trading brokerage to trade forex and other financialassets, LiteForex could be the broker for you. LiteForexis a large and established online trading brokerage who serves theinternational markets by accepting traders from around the world and offeringtheir services in over 10 languages. The brokerage specializes in the tradingof forex and has been providing reliable and innovative forex trading servicessince their establishment in 2005.

Login bei LiteFinance Global LLC

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. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information. It is possible to access LiteForex live chat in a demo mode and get answers to all your questions.

Brokerage services in your country are provided by the Liteforex (Europe) LTD Company (regulated by CySEC’s licence №093/08). Liteforex (Europe) LTD provides services only to the residents of countries from the European Economic Area (EEA), the United Arab Emirates, and the Marshall Islands.Full list of countries is available here. It is possible to process withdrawals xcritical rezension within 24 hours and you can even set automatic withdrawals to take out your money instantly on a scheduled basis, making withdrawals a more comfortable and stable experience. Since rebranding from LiteForex to LiteFinance, transparency dropped, and issues arose. The high trading costs remain, and at its present state, LiteFinance cannot be said to be a good broker.

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. The present choices will leave traders with an incomplete and sub-standard experience unless they are willing to invest in upgrades. One of the most ignored trading costs is swap rates on leveraged overnight positions.

A trading order will be sent immediately once you have clicked on “Sell” or “Buy”. LiteFinance is an unregulated Forex and CFD broker operational since 2021 out of St. Vincent and the Grenadines, with a subsidiary regulated in Cyprus. It operated out of the Marshall Islands as LiteForex before its relocation.

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. I like the trading environment at LiteFinance for cryptocurrency traders who seek a copy trading service. LiteFinance, previously known as LiteForex, faces technical issues and experiences a rise in fraud claims. 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.

Also, support representatives can easily becontacted 24 hours a day, 7 days a week via live chat, email, support fxcriticals,and telephone support that supports call back functionality. LiteForex has a track record of more than 15 years in the online brokerage industry with offices in jurisdictions worldwide. 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.

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