At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions. The agent quickly answered the first and simplest question but appeared to struggle with more complex inquiries. Thus, I concluded that LiteForex’s customer support is good but could be improved. The market is continually evolving, marked by periodic surges and declines in volatility.

Top Features

It is generally satisfied by a copy of the trader’s ID and one proof xcritical website of residency document. Here is a screenshot of quotes at LiteFinance during the London-New York overlap session, the most liquid one, where traders usually get the lowest spreads. LiteForex provides layered educational content that is well-structured and easy to understand.

In turn, swap short relates to the charges/credits deductible or receivable for holding a selling position open overnight. Liteforex (Europe) Ltd is regulated in Cyprus by CySEC, and LiteFinance Global LLC is unregulated. 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. 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.

1. You can set up a demo account for yourself alongside your live CFD account.
2. I recommend traders evaluate LiteFinance as a new broker with limited experience and dismiss any goodwill and trust LiteForex created over 15 years.
3. Having received many awards, they are globally accepted as a reliable broker.
4. Choices are the MT4 and MT5 platforms and the mobile apps for both android and iOS systems.

LiteForex Account Opening Process

Share trading is offered along with many other assets in LiteForex. Gold and oil are 2 precious commodities that attract a lot of attention. The risk of financial loss gets reduced through researched trading that uses various trading signals and indicators. The LiteForex Online Trading Platform delivers robust and secure functionality with a variety of trading tools.

Trading features are pretty similar on the website and the MT4 and MT5 platforms. Mobile apps also work through the web but downloads of the app will be necessary to trade. 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.

How to Set-up LiteForex Web Trading Platform?

LiteFinance maintains one regulated subsidiary for EEA, UAE, and Marshall Islands-based traders. Forex traders should be smart enough not just to make lucrative trades, but also to choose a broker who can best meet their requirements. Our mission is to help investors to lower risks by providing unbiased reviews and ratings. You can choose from a wide range of credit/debit cards, electronic transfer systems, bank wire transfers, and cryptocurrencies to load your forex trading account.

You can download MetaTrader 4 in the «Trading Platforms» section of your broker’s website. To install the platform, double-click on the downloaded file «litefinance4setup.exe». Choose a directory for installing the program and follow the installation program tips. LiteFinance is an unregulated Forex and CFD broker operational since 2021 out of St. Vincent and the Grenadines, with a subsidiary regulated in Cyprus. It operated out of the Marshall Islands as xcritical LiteForex before its relocation. LiteFinance offers a phone number but does not have a dedicated Contact Us or Support section.