By Nathan Ferguson
LiteForex Review
LiteForex is an online brokerage platform with a tremendous record spanning from 2007 until now. Its offices are spread all over the world and it is offering traders a multitude of trading accounts. In this LiteForex review, I will talk about the features of this broker that make it a better option as compared to other available options.
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LiteForex gives special attention to its beginner-level traders by providing accurate financial analysis, tutorials, and how-to guides that bring them on the right track. Seasoned and professional-level traders also get an advantage from these features. Although it is famous for Forex trading it offers other trading instruments as well such as Stocks, Commodities, Cryptocurrencies, and Indices.
LiteForex: A Reliable Broker
This impressive brokerage platform offers plenty of features and tools and it is famous for its security features. It is based on the MetaTrader 5 platform which is why the trades get executed within microseconds. The platform is also equipped with analytic tools which make trading easier for its users. LiteForex provides a reliable and attractive copy trading feature that works as a social media platform as well. The broker shows the trades executed by its ideal account holders so that traders copy their strategies to enhance their earnings.
LiteForex is considered a reliable broker because of another feature as well which is called negative balance protection and it is available for both the Classic and ECN account holders. This feature doesn’t let the account balance go beyond zero. The value set for maximum liquidation by this broker is 20k Euros.
LiteForex: An Affordable Platform
The low-cost pricing is a result of tight spreads provided on various trading assets by LiteForex. The deposit fee gets automatically refunded in the customers’ accounts after verification. Liteforex offers two different types of accounts to its clients named the Classic account and ECN account. In the Classic account, there is a markup fee but the commission is 0%. On the other hand, the ECN account holders have to pay a 5 dollar per lot commission.
LiteForex is operating in various jurisdictions in the world and it offers different leverage according to the rules of the country from which the client operates. For its European customers, LiteForex is offering 30:1 leverage as European Union Law (ESMA Regulation) doesn’t allow higher value than this. But it offers higher ratios to its clients who belong to locations other than Europe.
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LiteForex: Usability
LiteForex has invested much of its resources in its functionality rather than then investing on a surface level. Navigation and data presentation is outstanding as the new user finds no difficulty in searching their required information on the platform. The broker provides comprehensive knowledge about its account types and the offered trading instruments. The email address and contact numbers are displayed in positions where they can be found conveniently so that the traders find them quickly in their hour of need.
Getting started with LiteForex is also simple as it offers a demo account that provides a chance of getting used to the tools and features of this platform without actually risking the investment. The procedures for making deposits and withdrawals are also straight as an arrow so traders find no difficulty at all. In addition, educational material is also available on the website which includes summaries, eBooks, and tutorials. This material covers all the aspects related to online trading such as investing, economics, and financial markets.
Final Remarks about The Broker
LiteForex is a top-of-the-line option for every trader with its mesmerizing platform, plenty of trading assets, and security features. Both individual and institutional traders can benefit from this platform. Its transparency, usability, and affordability make the traders able to get the most advantage from online trading. In the end, I have no reason to not recommend you this broker.
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