WebTrader enables plenty of customization according to trader requirements. Trader’s Calculator and Fibonacci Calculator are crucial to market analysis too. You can also use the app to place market, limit, and stop orders, as well as to adjust the exposure of your open trades. LiteForex’s platform is much more fluid in comparison to MetaTrader, especially its charts, which are powered by TradingView.

The ECN account offers generally more favorable conditions, though traders should mind the commission rate. 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. LiteForex offers two retail account types – xcritical website Classic and ECN – both with a minimum deposit of $50.

How to download LiteForex Trading Terminal?

At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions. LiteForex provides layered educational content that is well-structured and easy to understand. Beginners can choose from multiple guides, books, videos, and more to gain a firm grasp of the ABCs of trading.

Can I trade in Shares via the LiteForex Trading Platform?

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. Plamen’s favourite trading instruments include FX majors and gold. He earned a Bachelor’s degree in Economics and International Relations.

1. Trade in Forex currency pairs 24/5 and try your luck with major and minor or exotic pairs of currencies.
2. The very efficient MetaTrader 4 contains all the necessary facilities a trader may need.
3. Plamen’s broad experience has equipped him with the expertise to recommend the best forex brokers.
4. Liteforex (Europe) Ltd is regulated in Cyprus by CySEC, and LiteFinance Global LLC is unregulated.
5. I also concluded that LiteForex is pretty upfront about its trading fees.

Account Types

Accordingly, the most favorable prices are available when trading FX majors on LiteForex’s ECN account type. Broken down by asset class and compared to the industry average, LiteForex charges high spreads on instruments across all asset classes for the Classic account. The raw spreads from 0.0 pips on the ECN account are much lower and generally fall below the industry average.

WebTrader is truly one of the greatest dreams a dedicated trader can succeed with for lucrative trading. 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. The broker also offers Islamic accounts for swap-free trading, as mandated under Shariah law. Traders who want to open an Islamic account need to contact LiteForex’s customer support and request the service.

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. In my estimation, LiteForex is a good choice for those interested in casual trading. Namely, beginners with little or no trading experience are interested in lxcriticalg more about trading and developing a robust trading system. Brokers operate multiple entities because it allows them to serve clients worldwide.

Advantages of LiteForex MetaTrader 5

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. I did not discover xcritical scammers any major discrepancies, and all essential safety information is readily available.