LiteFinance trading blog is a popular and full source or regularly updated information, essential to trade successfully and improve your trading skills all the time. DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with. All activity is monitored and clients should feel reassured that their funds are held safely. Any changes to standard trade hours are reliably communicated by the LiteFinance news blog.
The sign-up process is straightforward and an account can be opened in under a minute. Demo accounts are useful for traders of all experience levels. LiteFinance, formerly known as LiteForex, is an established ECN broker. Clients can trade currencies, commodities and stocks on the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. Today, when the Internet is full of numerous Forex blogs, we want our trading blog to remain useful for you throughout the whole period of your Forex trading and to help you utilize your trading strategies most efficiently.
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. 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. No interest is paid on surplus funds and no commissions are charged. LiteFinance xcritical website offers a free demo account which is a great way to get to grips with the broker, and its platforms, risk-free.
LiteFinance Comparison Table
Forex trading blog provides the most helpful and relevant information about online forex trading. You will always find the most up-to-date analytics and forecasts, topical articles and detailed educational guides, written by advanced traders and expert analysts. The authors of trading blog inform the readers on the latest changes in the Forex market and provide up-to-date technical analysis with a detailed study of price charts. Our authors publish their original profitable Forex trading strategies and selections of graphic price patterns. Detailed description of the latest and most innovative trading strategies, special features of rare indicators settings, daily fundamental and technical market analysis – all of this is available in our Forex trading blog.
- Here, we place the news and materials about cryptocurrencies and xcritical technologies – everything you need to operate and invest in the cryptocurrency market successfully.
- There is a good range of tradeable forex and CFD assets, plus the MT4 and MT5 platforms.
- DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with.
- LiteFinance Global LLC does not provide services to residents of the EEA countries, USA, Israel, Russia, and some other countries.
- The customer onboarding process employed by this brokerage is simple, with users offered the option of signing up for a demo account that is compatible with MT4 and MT5.
Daily analytical reviews and forecasts of the Forex market
The mobile applications are also easy to navigate and available in eight different languages. Along with the above topics, trading blog covers many other additional complementary issues of trading for professionals – money management rules, risk management system and trading psychology. This broker provides a reliable and engaging copy trading facility that functions as a social media network.
User Experience
Brokerage services in your country are provided by the company LiteFinance Global LLC (registered in St. Vincent & the Grenadines as a Limited Liability Company with registration number 931 LLC 2021). Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry. If you have experience trading with LiteFinance please share your personal review of the broker and what you think are strong and weak points. Compare LiteFinance with the top 3 similar brokers that accept traders from xcritical scammers your location. Also, the brand runs a ‘Dream Draw’ with a prize fund of $350,000 and a Video Blogger contest with a prize pool of $1,000. The broker also runs trading contests with cash prizes up to $4,000.
With the latter, commission is charged at $0.5 per lot alongside spreads from 0.0 pips. Spreads on the Classic account are relatively high, starting at 1.8 pips but with no commission. Analytical materials are developed in cooperation with our partner, Claws&Horns, exclusively for information purposes. Published materials should not be regarded as a recommendation for investment or advice in accordance with Directive EC.
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. LiteFinance has a cabinet of tools to facilitate successful trading including; an economic calendar, a world market news blog, and both a margin and Fibonacci calculator all accessible via the homepage. The minimum deposit for all accounts is $50 and payments are usually processed on the same day.
It should be noted that LiteForex applies a slightly different cost structure to its two account types. The Classic account features 0% commissions with the spreads, including a markup, as outlined above. However, the ECN account, which is aimed at professional and institutional users, charges a flat commission of $5 per round trip per lot. As an alternative, clients can also fund their accounts using cryptocurrencies.
How to trade currency — trade currency guide
Clients can also fund their accounts with cryptocurrencies, such as Bitcoin. Besides, trading portal is the blog about cryptocurrencies; it includes detailed analytical and educational video reviews, the most informative and helpful both for beginners and for advanced Forex traders. Here, we place the news and materials about cryptocurrencies and xcritical technologies – everything you need to operate and invest in the cryptocurrency market successfully.
LiteFinance recommends a VPS to manage trades whilst users’ gadgets are switched off. It is not reliant on an internet connection or power supply and offers a degree of security to web traders. The Classic account uses a spread-based system and the ECN account, a commission-based system. Note, LiteForex (Europe) Ltd operates as a separate broker offering trading services to clients from Europe only.
This article provides a detailed guide to trading a “Rising wedge” pattern. LiteFinance Global LLC does not provide services to residents of the EEA countries, USA, Israel, Russia, and some other countries. The company rebranded in 2021 ahead of its global expansion.
Traders considering availing themselves of the various benefits of a LiteForex account will want to weigh up the benefits and risks involved, bearing in mind that the company operates in a well-regulated jurisdiction. The website is easy to navigate, support is easily accessible and there are multiple free analysis tools. The LiteFinance brand is largely inclusive and despite its international presence, remains tailored to individual markets. There is a good range of tradeable forex and CFD assets, plus the MT4 and MT5 platforms. LiteFinance offers a safe and secure platform and the site is protected with firewalls and isolated servers.
This broker has invested substantially in the functionality and navigability, which makes an excellent first impression on would-be traders. The LiteForex site features extensive information about the account types and assets available to buy and sell using its platform. Customer service contact information is prominently displayed for smooth communication with the support team. We offer impartial reviews of online brokers that are hand-written, edited and fact-checked by our research team, which spends thousands of hours each year assessing trading platforms.
