FinTech
Môi giới ngoại hối LiteFinance Việt Nam dịch vụ giao dịch ngoại hối trực tuyến
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. LiteForexis a zero commission trading brokerage and only charges trading fees throughfloating spreads on all types of trading accounts. The spreads are verycompetitive with the industry standards but are nothing extraordinarily low.
Why people choose Liteforex
Forex traders focused primarily on major and exotic currency pairs will benefit from competitive spreads and a transparent fee structure while using the industry-standard MetaTrader platform. I like that LiteFinance deploys its proprietary copy trading service embedded within the web-based trading platform. It provides a risk score, all-time percentage-based profitability, how many traders follow the strategy, and the assets under management, as LiteFinance refers to the followed capital of each signal provider. LiteFinance pays strategy providers, adding an attractive revenue stream for successful traders. It presents traders with an ideal environment to test EAs and new strategies. The web-based trading platform allows a $10,000 demo account without registration, a convenient method to get familiar with its functionality.
Use all the benefits at LiteFinance
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. 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.
- LiteFinance is a business registered in St. Vincent and the Grenadines, with a subsidiary regulated in Cyprus.
- LiteForex is a part of the investor compensation fund and all client funds are kept in segregated bank accounts, preventing the broker from using client money for their own purposes.
- 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.
- Here is a screenshot of quotes at LiteFinance during the London-New York overlap session, the most liquid one, where traders usually get the lowest spreads.
معامله ی خود را همین حالا با شرکت LiteFinance شروع کنید
One of the most ignored trading costs is swap rates on leveraged overnight positions. Depending on the trading strategy, it may become the most significant fee per trade. I always recommend that traders check them before evaluating the total trading costs. LiteForex supports mobile trading byproviding their clients with an entire suite of proprietary mobile tradingapplications. 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.
A variety of payment systems for fast depositing and withdrawal of funds
LiteForex caters to beginner traders byproviding them with extensive educational material in their comprehensiveeducation centre. Traders have access to a Forex glossary, eBooks, tutorials,trading strategies, trading indicators, and a blog with loads of helpfulinformation. In addition to the educational resources, traders also have accessto an economic calendar, analytics, various financial calculators, economicnews, and currency rates. All in all, traders at LiteForex are given everythingthey need to succeed. An easy-to-use dedicated trading platform provides a comprehensive analytical toolkit and suits any trader regardless of experience.
Education and research tools offered by LiteForex
I find the deposit and withdrawal methods sufficient for most traders and appreciate the inclusion of cryptocurrencies. This broker provides a reliable and engaging copy trading facility that xcritical scam 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 performance daily.
Company’s news
Open an account with LiteForex and gain access to quality analysis for free. LiteFinance have an excellent trading platform, and traders have the option of using very high leverage. They enable account holders to copy the trades of very successful traders automatically.
In addition to these regulations, the broker has a number of security measures in place to protect client funds. LiteForex is a part of the investor compensation fund and all client funds are kept in segregated bank accounts, preventing the broker from using client money for their own purposes. Furthermore, to prevent a trader from losing more than their account balance, the broker offers negative balance protection.
The minimumdeposit amount varies from $10 for most payment methods to $100 for some BankWire Transfers. TheMetaTrader platforms feature fully customizable user interfaces as well aswatch lists, market news integrations, advanced order windows, a sophisticatedcharting package and more. Another cool feature isthe ability to follow and copy other successful traders trades with the socialtrading and copy trading features. AsLiteForex is based in the Marshall Islands, they are licensed and regulated inaccordance with the Marshall Islands Business Corporation Act. Therefore, thebrokerage is trusted to provide safe, secure, and transparent online tradingservices and has been doing so for over 13 years. Traders will conduct all financial transactions from the secure back office of LiteFinance.
Regrettably, none had a positive impact, making LiteFinance a less transparent, secure, and trustworthy brokerage. Read independent analysts and obtain the most xcritical details about financial markets. MetaTrader 5 is the latest version of the world’s most popular trading platform with a wider set of features. 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.
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 https://dreamlinetrading.com/ by checking the provided license with their database. LiteFinance maintains one regulated subsidiary for EEA, UAE, and Marshall Islands-based traders.
The commissions are a bit expensive though, making its offerings less attractive to seasoned traders. LiteForex provides MetaTrader 4 (MT4) and MetaTrader 5 (MT5) as the main trading platforms. These platforms are among the most advanced trading software in the world, providing many inbuilt indicators and the ability to install custom indicators and automated trading systems called Expert Advisors (EAs). 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. It should be noted that LiteForex applies a slightly different cost structure to its two account types.
