LiteForex forex broker: LiteForex Review 2023: Know Its Platforms, Pros & Cons Before Trading

Yes, LiteForex is registered in the Marshall Islands and regulated by the Marshall Islands Business Corporation Act. My wallet was stolen by a con artist using a phishing scheme. I was able to find my misplaced item by getting in touch with LFrescue.org so guys be guided.

Overall, our experience with LiteForex remained rather positive throughout the test and we didn’t face any problems. LiteForex provides its traders access to two trading platforms – MetaTrader 4 and MetaTrader 5. Both MT4 and MT5 trading platforms have been globally recognized as effective trade tools. MetaTrader 4 is being offered by LiteForex since web-based platforms through the WebTrader interface. To facilitate mobile trading, these platforms are also available as a mobile app, allowing clients to start investing at their convenience.

LiteFinance (ex. LiteForex)’s affiliate program is a multilevel product, so you can receive a commission for attracting not only new traders, but also new partners. All commissions are paid automatically as soon as a referral has conducted a trade. Whether you have education in finance, business administration, banking or accounting and whether you have worked in the financial sector. To open an individual account at LiteForex Europe, prospective clients must provide the following information. Support agents were helpful, and there was no need to navigate through a chatbot before reaching a human agent.

LimeFx Forex Trade Platform and Broker Review

LiteForex provides traders with access to the fully integrated MetaTrader suite from MetaQuotes, which consists of MetaTrader 4 and MetaTrader 5. I’m an investor, LiteForex I was quite happy, most of the governors lived, and reliable people for over 200 days, I with a stable profit. I kindly ask anyone who reads this review not to invest in this platform. The broker has been operating since 2005 and is regulated by CySEC.

SocialTrading brings global traders together to form a successful community where they can use one another’s experience to reach their goals. We judged this material to be well-written and insightful. A report focused on Ichimoku indicators is released multiple times daily for purely technical traders. These reports include concrete buy and sell signals with take profit and stop-loss levels.

Log in to the client’s Accountusing your username and password from the LiteForex client’s account. Any action you take upon the information you find on this website is strictly at your own risk and we will not be liable for any losses and/or damages in the use of our website. However, note that for the bank wire transfers the transaction process may take up to 5 days depending on the sender’s operational speed and beneficiary’s bank. In addition, always consider rollover or swap rate as a trading cost, since the broker charges a small fee for the position being held longer than a day and is defined by the instrument. LiteForex established global expansion through its offices in Cyprus and an international one based in St. Vincent and the Grenadines and is fully compliant with financial regulations. The Best of the Best Demo Contest of LiteForex will truly test your ability without any financial …

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All in all, if you’re looking for a reliable online trading brokerage to trade forex and other financial assets, LiteForex could be the broker for you. As an unregulated broker, LiteForex stood the test of time with more than 15 years of experience. It offers traders the MT4/MT5 trading platforms but fails to present any of the required third-party plugins. Competitive research is available, but the pricing environment is high.

The search function is good and makes it easy to quickly pull up different trading instruments. One drawback is that the layout of the platform is not highly customizable. LiteForex clients in Europe benefit from the oversight of the Cyprus Securities and Exchange Commission . CySEC requires that clients have negative balance protection, which means they cannot lose more than their deposit. In addition, when trading with a broker regulated by CySEC, client funds are insured by the Investor Compensation Fund for up to €20,000.

The broker is regulated in non-EU jurisdictions by the Marshall Islands Business Corporation Act. Yes, LiteForex is a legit Forex Broker and Trade Platform. LiteForex has Marshall Islands Business Corporation Act legal certificates to perform Forex Broker and trading services.

NewsWIKIFX REPORT: LiteFinance Opens New Regional Representative Office in Singapore

Posting orders are instant, the transaction in a single click, you can select the floating or fixed spread. And if something is not clear, it includes support and numerous webinars. They will all go to hell I lost a lot of funds to this fake lexatrade after their fake promises. I suddenly could no longer find them on Skype or getting their mail. But am only happy today because Mr Jeff Silbert who I have heard have helped a lot.

This is done through the educational section on their website presenting four sections that help to become a better trader that diverse to a different levels of traders. It offers a wide range of forex glossaries, books, tutorials, and dofferent strategy testers. We also noticed the broker’s efforts to offer the best possible conditions and ensure trading safety with good regulations. LiteForex is an online broker offering its services to customers from different parts of the world. As a company, LiteForex was founded in 2005 under the title LiteForex LimeFxs Limited.

Features and Platforms

The market range overall is quite narrow and limited to only FX and CFDs; there is no crypto trading at all. Our mission is to provide online investors with the most unbiased, limefx review comprehensive reviews and ratings of self-directed brokers. LiteForex customer support team is highly responsive than most of the other FX brokers in the industry.

As a non-dealing desk , Straight Through Processing broker, client orders are routed directly from LiteForex to liquidity providers. LiteFinance Global is incorporated in St. Vincent & the Grenadines. The European entity of LiteForex is headquartered in Limassol, Cyprus, and is regulated by the Cyprus Securities and Exchange Commission . The MetaTrader platforms feature fully customizable user interfaces as well as watch lists, market news integrations, advanced order windows, a sophisticated charting package and more.

They charge from a high exchange rate between currencies. They want you to withdraw with 2 different options so they can charge you with different transaction fees. The Company is unconditionally obliged to start closing unprofitable transactions on condition that account Margin Level becomes lower than the margin necessary for maintain in open positions .

In terms of online support, LiteForex provides a live chat option that creates direct access to a customer support team member for a quick and professional response to all client queries. ON ecn accounts to light has long been the minimum Deposit is 50$ and not 500. Electronic bills money fast, the Bank does not know – not tried. LiteForex broker is providing many different bonuses for using this Forex broker. One type of the bonuses is the bonus that clients get when selecting which account they will be using.

Customer Support

It does pay 2.5% annually to ECN accounts versus 1.0% at LimeFx for DMA clients. People who write reviews have ownership to edit or delete them at any time, and they’ll lime fx be displayed as long as an account is active. Withdrawals are always fast and without any additional checks. I would also like to note the fast execution of trade orders.

We rate brokers overseen by the St. Vincent & the Grenadines Financial Services Authority as unregulated. This section will cover how the different entities of LiteForex are regulated and how this impacts you as a trader. We rate regulators on a scale of 1 to 3, with 1 reflecting the highest level of trust. When choosing a broker, trustworthiness is one of the most important things to keep in mind. Always check the broker’s regulations, know how financially secure the firm is, and find out whether the broker is transparent and reliable. These factors, calculated into our score, will help you understand if your money is safe.

LiteForex Platform

E-payments, debit cards, and credit cards take about 24 hours to reflect in your account, at the most. To open a Forex Trading account with LiteForex, a trader should follow the steps below. https://limefx.group/ The HTTPS data encryption protocol used in Personal Profiles is intended for safe data transfers between the client and the server and excludes any acts of the client’s data interception.

• SocialTrading brings global traders together to form a successful community where they can use one another’s experience to reach their goals.
• Hence, clients are compelled to delete the existing cent accounts to open different account types.
• Both MT4 and MT5 trading platforms have been globally recognized as effective trade tools.
• The mobile applications available include; Forex Analysis, Forex Signals, Trading Strategies, Mobile Trading, Forex Digest, and Currency Rates.
• Traders benefit from lightning fast execution on their trades and can trade directly from the charts with one click trading.
• LiteForex’s economic calendar provides information on financial events, forecasts, and historical data.

The MetaTrader 4 desktop platform is one of the world’s most feature-rich and popular trading platforms. It does not have the most attractive interface, and it requires some time and effort to learn, but that is typical of advanced platforms. When trading forex and CFDs, it is crucial to know a broker’s strengths and weaknesses. That is why FX Empire developed its proprietary rating system.