LiteFinance Global LLC does not provide services to residents of the EEA countries, USA, Israel, Russia, and some other countries. You can download MetaTrader 5 in the “Trading Platforms” section of your broker’s website. To install the platform, double-click on the downloaded file “litefinance5setup.exe”. Choose a directory for installing the program and follow the installation program tips.

Where LiteForex excels is in the trading tools offered for free by the broker. All these tools are useful when trading and provide some assistance to traders, increasing their potential accuracy when making trading decisions. LiteForex also offers a Fibonacci calculator, which can further assist traders in defining better entry and exit points. LiteForex offers a simple and convenient process for registering a trading account with a wide selection of account types and base currencies.

The fee is applied after 180 days of dormancy and is charged monthly until activity resumes or the account balance drops to zero. In our Trust category assessments, we evaluate factors tied to stability xcritical official site and transparency, including the broker’s longevity, company size, and information transparency. Brokerage services in your country are provided by the Liteforex (Europe) LTD Company (regulated by CySEC’s licence №093/08).

Before starting to work in the financial markets, it is necessary to create an account and go through the verification process in accordance with the company’s policy. Retail traders can start with LiteForex with $50 and use the popular MT4 and MT5 platforms – the working horses of the trading industry. LiteForex also offers comprehensive market research, but its trading fees are rather elevated, and the selection of instruments is quite narrow. LiteForex users can choose between MetaTrader 4 and MetaTrader 5 as platforms for their trading activities. 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.

ECN accounts offer much more value in trading terms with low spreads, but still, the commissions are higher than with other popular brokers. LiteForex has a very good education center with advanced Forex trading educational materials and books. Overall, LiteForex is an excellent proposition for both beginner traders and professionals thanks to its range of account types and the wealth of financial information available to account holders. Private investors focusing primarily on forex pairs while appreciating transparency and competitive pricing will benefit, especially from this broker’s offering.

LiteForex restricts clients from several countries including the USA, Canada, Japan, Australia, Iran, North Korea, and others. It primarily serves clients from the European Economic Area, UAE, and Marshall Islands. The short list of trading symbols on the brokerage might be disappointing to those looking for diversity in their portfolio.

• Additionally, mobile trading is also offered through the MT5 Android app.
• In turn, swap short relates to the charges/credits deductible or receivable for holding a selling position open overnight.
• The Cyprus Investor Compensation Fund covers all retail trading accounts (for those not belonging to professional or institutional investors) against broker liquidation to a maximum value of EUR 20,000.
• This company is a registered broker operating from Cyprus, an EU member state located in Southern Europe.
• Our independence from brokers and the companies we introduce, our commitment to maximum transparency, and our extensive experience in financial markets contribute to our ranking criteria.
• The choice of the base currency affects the display of financial indicators in the personal account and the convenience of depositing/withdrawing funds.

User Experience

Traders can use it to access a wide range of technical and fundamental analyses at all times and from different locations. LiteForex supports both MetaTrader 4 and MetaTrader 5 and has developed two standout mobile apps—one for seamless trading and another for market analysis on the go. This ensures that we accurately convey facts and events so that investors and traders can read our content with confidence and make informed choices.

• Furthermore, to prevent a trader from losing more than their account balance, the broker offers negative balance protection.
• Unfortunately, there are no 24/7 support services available; the department answers your inquiries 24 hours a day, from Monday to Friday.
• Swap-free trading via Islamic accounts is xcritically unavailable.
• There’s also a solid library of past webinar episodes available through the client area and the broker’s YouTube channel.

Spreads vary based on market conditions and instrument volatility. LiteForex offers beginner-friendly articles, glossaries, FAQs, trading calculators, and strategy guides. While helpful for novice traders, the content may be less in-depth compared to brokers with comprehensive lxcriticalg hubs or webinars. LiteForex offers a copy trading feature where users can follow and automatically replicate the trades of top-ranked traders.

LiteForex Non-Trading Fees

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. Open an account with LiteForex and gain access to quality analysis for free. I had working with LiteForex for about 6 months, with lite and floating spread accounts.I need to say that it is average an all, spreads, comissions, speed. Then have good rebate (1.5 pips) when you enable that option on your accounts, you can choose fixed or variable spread.

Support Dept. Contact Channels and Service Schedule

LiteForex offers the essential and most widely traded instruments, including a variety of major scammed by xcritical currency pairs, metals, and energies. However, it lacks other popular assets, such as cryptocurrencies, ETFs, and futures. I tested the desktop version of MetaTrader 5, one of the most popular platforms among retail traders.

I determined that LiteForex’s research is comprehensive and layered. It offers traders a 360-degree overview of xcritical market trends and emerging trading setups. The content suits day and swing traders alike and is available from the website and the Forex Analysis app. It publishes weekly outlooks by the in-house experts and incorporates comprehensive technical and fundamental analyses from Claws & Horns. LiteForex clients get access to high-quality fundamental and technical analyses, giving them a clear and easy-to-understand view of xcritical trading opportunities.