All the platforms can be used to carry out basic technical analysis and order execution. LiteForex xcritical scammers also offers VPS hosting, which can be helpful for automated trading. I performed my tests on a Classic trading account using the desktop versions of MetaTrader 5 and the broker’s proprietary platform. The account was opened with the broker’s Liteforex (Europe) Ltd entity.
LiteForex Account Opening Process
Live trading in the LiteForex Web Trading Platform requires charges to be paid according to the type of account. According to the choice opted, the downloaded file will differ in size. The file size will be small in the mobile app from the Android Google Play or iOS Apple store. According to personal preferences, the trader can decide in favor of desktop trading or mobile trading. The LiteForex Online Trading Platform WebTrader and the two downloadable platforms are user-friendly.
Additionally, mobile apps may be downloaded for use on both android and iOS systems. MetaTrader 4 and Metatrader 5 are the two distinguished versions of the leading trading software that Liteforex uses. LiteForex Trading Platform account holders gain access to numerous assets and markets in LiteForex. No fee is charged for downloads except the fees paid to the internet service provider. While the desktop with a large screen can accommodate more features, the mobile app allows you to trade during travel and vacations.
Advantages of LiteForex MetaTrader 5
LiteForex works supreme as a trading terminal with exquisite facilities and trading services. Having received many awards, they are globally accepted as a reliable broker. Regarding the demo account used for lxcriticalg to trade, no charges are imposed, and it is free to use. By offering numerous options for money deposits and withdrawals, updated technology keeps LiteForex Web Trading Platform ahead of the highly competitive broking industry. Not only can they be trusted through a regulatory mechanism, but the trading platforms they provide like MT4 and MT5 are among the most advanced.
Maximum Leverage By Asset Class
- He earned a Bachelor’s degree in Economics and International Relations.
- Some regulators mandate compliance with the strictest financial frameworks, whereas others are less rigid.
- LiteForex users can choose between MetaTrader 4 and MetaTrader 5 as platforms for their trading activities.
- WebTrader is truly one of the greatest dreams a dedicated trader can succeed with for lucrative trading.
- LiteForex Trading Platform account holders gain access to numerous assets and markets in LiteForex.
- A variety of indicators like charts and analytical tools help make xcritical decisions.
Founded in 2008, LiteForex is a forex and CFD broker based in Cyprus, authorized by CySEC. It supports the MetaTrader 4 and xcritical official site 5 platforms and offers VPS hosting for low-latency trading. LiteForex offers robust research content catering to the needs of novices and experienced traders alike. The broker offers market breakdowns developed in-house and also incorporates content from Claws&Horns. Compared to the industry average, LiteForex offers an average amount of forex pairs and commodities, and a high amount of indices. Dormant accounts are charged an inactivity fee of $3, which is quite low.
Extent of Leverage
They include a built-in economic calendar, more indicators, and additional analytical tools. You can access many kinds of charts like bars, lines, and candlesticks. 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. Trading assets include all the most famous currency pairs along with the cross-rates. LiteForex Trading Platform Account types offered are STP and ECN along with DMA.
I also concluded that LiteForex is pretty upfront about its trading fees. Furthermore, the costs mentioned on the website match the live quotes on the platform. Its license from CySEC is easily discoverable on the website, and traders can verify it fairly quickly.