It supports 15 languages and offers a wide range of trading xcritical scam tools and popular trading platforms such as MT4 and MT5. Today, Liteforex offers three trading platforms in both demo and real accounts. These trading platforms include; MetaTrader 4 (MT4), MetaTrader 5 (MT5), and the web-terminal.

However, LiteForex’s range of instruments is somewhat limited, with an absence of share CFDs and cryptocurrencies. While the spreads on its Classic account are relatively high, the ECN account type offers more competitive trading fees. Another strong point is the broad range of forex trading educational resources available on the broker’s website. Another benefit related to the European Union’s financial markets regulations is the negative balance protection feature that applies to both account types. It should be noted that LiteForex applies a slightly different cost structure to its two account types.

Is LiteForex suitable for automated trading?

Founded in 2008, LiteForex is a forex and CFD broker based in Cyprus, authorized by CySEC. It supports the MetaTrader 4 and 5 platforms and offers VPS hosting for low-latency trading. LiteForex functions via MetaTrader 4, and MetaTrader 5, the cherished online forex and CFD trading platforms. This company is a registered broker operating from Cyprus, an EU member state located in Southern Europe. As such, all trading and client activity is regulated by the Cyprus Securities and Exchange Commission. As noted above, this jurisdiction offers investor compensation up to EUR 20,000 on non-professional trading accounts in the event of brokerage liquidation.

Is LiteForex Safe to Trade With?

A demo account serves as a training account, which new clients can use to learn more about trading strategies and improve their trading skills. LiteForex incorporates a standard suite of the popular MetaTrader 4 and 5. It also has a proprietary platform with charts powered by TradingView. All the platforms can be used to carry out basic technical analysis and order execution. LiteForex also offers VPS hosting, which can be helpful for automated trading.

LiteForex also offers a Fibonacci calculator, which can further assist traders in defining better entry and exit points. 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 like that LiteFinance deploys its proprietary copy trading service embedded within the web-based trading platform. LiteFinance pays strategy providers, adding an attractive revenue stream for successful traders.

1. I performed my tests on a Classic trading account using the desktop versions of MetaTrader 5 and the broker’s proprietary platform.
2. Another advantage of LiteForex is its robust and extensive supporting content.
3. LiteFinance maintains the out-of-the-box MT4/MT5 trading platforms, but no introduction exists.
4. It should be noted that their commissions are a lot more expensive than other brokers.

Is LiteForex MetaTrader 5 Free to use?

An updated, technologically advanced service provider, the best trading opportunities are on offer. CFD NYSE and CFD NASDAQ cater to shares in the greatest global companies. LiteForex Trading Platform Account types offered are STP and ECN along with DMA.

LiteForex Investments Limited caters globally to 500,000 xcritical official site clients and maintains numerous offices in many countries.

Forex or the trade-in pairs of currencies is a very profitable LITEFOREX Trading Terminal activity globally. Traders cannot hurry but carefully heed the suggestions and market research tools. A variety of indicators like charts and analytical tools help make xcritical decisions. Internal share markets are an essential part of the LiteForex Trading Terminal. The very efficient MetaTrader 4 contains all the necessary facilities a trader may need.