In turn, swap short relates to the charges/credits deductible or receivable for holding a selling position open overnight. Discover potential scenarios of cryptocurrency industry development. Changes in LiteFinance’s trading schedule due to upcoming holidays on stock exchanges.
Liteforex Review
Over the past twelve months, it made the most notable expansion in cryptocurrencies, where it offers 53 assets, including crypto-to-crypto crosses. 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. LiteForex offers multilingual support available 24/5 via live chat, email, and phone. Agents respond fairly quickly to queries and have a basic understanding of LiteForex’s services.
- This combination is not particularly suitable for longer-term trading strategies (swing trading and position trading).
- It facilitates technical analysis by providing an overview of price action behavior.
- Online registration merely requires an e-mail address or phone number and a password.
- When trading Contracts for Difference (CFDs), positions can be opened for a fraction of their value because of the leverage.
- As we have seen above the LiteForex fees seem a bit high, to further clarify the picture let’s compare it with other popular brokers on the market.
Comparing LiteForex fees with other brokers
DO you remember when this liteforex broker having trouble its server and all trader loss their money, perhaps its happen in 2007, i don’t remember exactly. Liteforex VERY VERY responsible and PAY BACK all money that loss due to the server error. Perhaps, you are using tradebalance trading strategy that disallowed in this broker. LiteForex operates under a Cyprus Securities and Exchange Commission (CySEC) license.
The website is multilingual, and customer support is available 24/5 via live chat, which is also multilingual. LiteForex provides MetaTrader 4 (MT4) and MetaTrader 5 (MT5) as the main trading platforms. LiteForex also offers social trading capabilities, and MT5 has inbuilt plugins for this purpose. Additionally, mobile trading is also offered through the MT5 Android app. This broker has invested substantially in the functionality and navigability, which makes an excellent first impression on would-be traders.
LiteForex Accepted Countries
I am using litefinance for long time everything is fine, and it is honor for me that i am working with litefinace.Thanks litefinance for everything. Trade xcritical official site in various assets using built-in analytics and signals to predict price movements.
Platforms and Tools
I caution beginner traders about using a demo account as an educational tool. It can create unrealistic trading expectations, and the absence of trading psychology negates the educational value. The broker offers extensive supporting content, multilayered safety mechanisms, and fast but basic customer support.
The latter offers slightly more competitive prices than the typical STP account, but it falls behind the typical ECN account type. Over the long years of successful work on the Forex trade market, we have managed to figure out how to simplify our system of trading accounts and services to meet better our clients’ needs. The broker also offers Islamic accounts for swap-free trading, as mandated under Shariah xcritical courses scam law. Traders who want to open an Islamic account need to contact LiteForex’s customer support and request the service. Its swaps are elevated and not particularly suitable for longer-term trading. The spread rate on the Classic account is considerably higher than the industry average.