Traders can access LiteForex’s copy trading environment from the ‘Investing’ section of the website. The performance of all the available trading strategies is presented in the ‘Traders Ranking’ subsection. In my opinion, MT5 is a good option for fast and simple order execution. On the other hand, its dated and rugged design falls short compared to newer, sleeker platforms. As a trader who prioritizes flexible chart scaling, I find MT5’s charting capability too rigid and less effective. The brokerage operating from St. Vincent and the Grenadines remains unregulated.

Is LiteFinance regulated?

I recommend traders use it as part of their education before opening an account. 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 by checking the provided license with their database. LiteFinance maintains one regulated subsidiary for EEA, UAE, and Marshall Islands-based traders.

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. Yes, LiteForex is a registered broker in Cyprus regulated by the local financial regulator Cyprus Securities and Exchange Commission (CySEC).

1. I appreciated that the materials are supported with tests to help the reader solidify what has been learned.
2. LiteFinance caters to most international traders, including the UK, the Philippines, Malaysia, and Nigeria.
3. Liteforex (Europe) Ltd provides services only to the residents of countries from the European Economic Area (EEA), the United Arab Emirates (UAE), and the Marshal Islands.

We also marked that the broker provides low-cost fees also extensive trader education and financial information resources. Clients can trade currencies, commodities and stocks on the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. However, the broker generally charges high trading fees on its Standard account and provides extremely limited instrument offering of about 70 assets. The broker offers its proprietary platform with versatile charts from Trading View and also incorporates MetaTrader 4&5. Clients of LiteForex can also use its VPS offering for low-latency trading and engage in copy trading.

Is LiteForex suitable for automated trading?

In addition, the app was updated in 2022 to provide a more stable and reliable trading experience. Market breakdowns developed in-house by LiteForex, and available from the website with free access to everybody. The market reviews are detailed and multifaceted containing aspects of economic analysis, fundamental analysis, and technical analysis. I appreciated that each article outlines emerging trading setups on multiple instruments.

LiteForex Alternative Brokers

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. I appreciated that the materials are supported with tests to help the reader solidify what has been learned. When trading Contracts for Difference (CFDs), positions can be opened for a fraction of their value because of the leverage.

For professional traders and investors, LiteFinance recommends the real-trading ECN (Electronic Communications Network) account. The account offers an interest rate of 2.5% on surplus funds, an unlimited number of transactions and trades are delivered directly to liquidity providers. LiteFinance offers the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms. Developed in 2005 and 2010 respectively, these systems have become the foremost platforms for online forex and CFD trading. LiteForex provides layered educational content that is well-structured and easy to understand.

LiteFinance

In addition to regular contests, LiteFinance periodically holds regional contests for its clients from specific countries. Prizes in such contests are usually substantial and impressive, often including brand new cars, motorbikes, expensive laptops, and more. The presentation of these prizes often takes place at gala dinners for traders, adding an element of excitement and prestige to participating in these contests. Furthermore, the platforms are enhanced with automated trading and social trading capabilities with no restrictions on strategies, also additional complex order types. At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions. One of the biggest advantages of trading CFDs is that traders can get in and out of the market almost instantaneously, thereby catching even minute changes in the price of the derivative.

With a commitment to xcritical official site transparency, innovation, and client satisfaction, LiteFinance continues to evolve and provide access to global financial markets. LiteFinance, formerly known as LiteForex, has established itself as a reputable and innovative ECN broker since its inception in 2005. With a wide range of trading platforms, educational resources, trader tools, and bonus programs, LiteFinance caters to the diverse needs of traders, from beginners to experienced professionals. LiteFinance offers various deposit and withdrawal methods to cater to the diverse needs of its clients. These include electronic payment systems, bank transfers, credit card transfers, and cryptocurrencies, ensuring flexibility and convenience for traders worldwide.

LiteForex also does not charge a handling fee for withdrawals, but external fees may apply. A swap fee is a trader’s cost for holding an open position overnight because of changing interest rates. Swap long refers to the charge deductible or credit receivable for holding a buy position open overnight. In turn, swap short relates to the charges/credits deductible or receivable for holding a selling position open overnight. Generally, only the $10 commission on FX Majors falls below the industry average.

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. 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.

Copy Trading

The sign-up process is straightforward and an account can be opened in under a minute. Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today. His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis.

For low-latency algorithmic xcritical cheating trading, clients of LiteForex can take advantage of the broker’s VPS offering, affording execution speeds of below 2 milliseconds. DailyForex.com adheres to strict xcriticals to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about.