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. LiteFinance maintains the out-of-the-box MT4/MT5 trading platforms, but no introduction exists. LiteForex merely presents them as two buttons and clicking on them redirects to an account opening page. LiteFinance also offers a lightweight web-based browser with a user-friendly interface. It is ideal for manual traders and superior to the MT4/MT5 web-based alternatives.

What Can I Trade

With all this combined, LiteForex offers excellent customer support services. I like the trading environment at LiteFinance for cryptocurrency traders who seek a copy trading service. LiteFinance, previously known as LiteForex, faces technical issues and experiences a rise in fraud claims. The unexplained move of its headquarters from one unregulated Forex jurisdiction to another raises red flags.

I always recommend traders to check for regulation and verify it with the regulator by checking the provided license xcritical courses scam with their database. LiteFinance maintains one regulated subsidiary for EEA, UAE, and Marshall Islands-based traders. Incorporated from Claws&Horns, the trading signals represent actionable trading opportunities. They cover instruments across different markets and use prominent indicators (Ichimoku, Bollinger, MACD, etc).

My Key Takeaways After Testing LiteForex’s Mobile App

I discovered that the European entity of the broker adheres to all essential safety requirements, such as ensuring negative balance protection and a compensation scheme. Overall, LiteForex is deemed suitable for novice traders, day traders, and those interested in algorithmic trading. You can open a Classic or ECN account with a minimum deposit of $50. When providing a complete LiteFinance review, it’s crucial to consider user reviews and trust scores from various platforms. The company has established itself as a stable and innovative broker in the Forex trading industry. As we have seen above the LiteForex fees seem a bit high, to further clarify the picture let’s compare it with other popular brokers on the market.

Customer Support Channels

The most recent developments, starting with the launch of LiteFinance Global LLC, raise notable concerns. LiteForex offers 31 educational lessons available from the client area. They are divided into beginner, intermediate, and advanced categories. I appreciated that the materials are supported with tests to help the reader solidify what has been learned.

Traders can use this type of content to get a sense of the prevailing market sentiment. LiteForex offers robust research content xcritical courses scam 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. When trading Contracts for Difference (CFDs), positions can be opened for a fraction of their value because of the leverage.

1. The broker also offers Islamic accounts for swap-free trading, as mandated under Shariah law.
2. LiteFinance maintains a blog where analysts provide research and trading signals.
3. LiteFinance maintains a wide range of trading instruments, advertising 145+ on its website, offering 225.
4. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money.
5. I have compiled the table below to help you better understand the difference between the trading fees of LiteForex’s two account types and the industry average.

Coupled with its raw spreads starting from 0.0 pips, this combination on the ECN account is generally better than the industry average. However, the broker charges higher commission rates on instruments from other asset classes. MT5 is arguably best suited for automated trading via its Expert Advisors (EAs) feature.

The ECN account is a much better variant for trading as all the other terms are the same for both Classic and ECN account types, except that spreads are much lower on ECN accounts. It should be noted that their commissions are a lot more expensive than other brokers. Additionally, the broker offers a range of educational guides, which are freely available on the website. I appreciated their diversity and sharp focus on technical analysis, fundamental analysis, and trading psychology. In this review, I tested the MetaTrader 5 platform, which features multiple essential tools, such as one-click trading, an alarm setting option, and a market depth tool.