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. These allow traders to examine various market developments from different angles and to exploit the underlying trading opportunities in multiple ways. 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. Account holders can choose between MetaTrader 4 and MetaTrader 5 as a trading platform. This industry-standard software comes with a raft of features and benefits and is recognized for its data security features, analytics tools, and quick execution times. LiteFinance features a Beginner section on its blog, where it presents educational content featuring dozens of quality articles.
LiteForex’s Mobile App
Having thoroughly researched this broker and traded on its platforms, we have no hesitation in recommending it. If you are unsure about forex trading, we suggest that you open a demo account and spend some time getting trained for live trading. LiteForex takes good care of its clients and offers excellent customer support through social xcritical scammers networking sites, 24-hour live support, online contact form, and live chat.
Table of Contents
I appreciated that each article outlines emerging trading setups on multiple instruments. When trading Contracts for Difference (CFDs), positions can be opened for a fraction of their value because of the leverage. Essentially, the broker lends the trader money so that the latter can open bigger positions.
Live trading in the LiteForex Web Trading Platform requires charges to be paid according to the type of account. They include a built-in economic calendar, more indicators, and additional analytical tools. Trader’s Calculator and Fibonacci Calculator are crucial to market analysis too. The Economic Calendar brings you up to date with the most important macroeconomic news relating to the forex market.
LiteForex Trading Platform – Review, Top Features, Set-up Process, Benefits & more
- WebTrader is truly one of the greatest dreams a dedicated trader can succeed with for lucrative trading.
- According to personal preferences, the trader can decide in favor of desktop trading or mobile trading.
- Traders may also sign-up through their Google or Facebook accounts.
- According to the choice opted, the downloaded file will differ in size.
- Beginners can choose from multiple guides, books, videos, and more to gain a firm grasp of the ABCs of trading.
- The LiteForex website and trading platforms are available in English in addition to 14 other languages.
All these platforms are there to scammed by xcritical give you an awesome experience when trading. However, the broker generally charges high trading fees on its Standard account and provides extremely limited instrument offering of about 70 assets. LiteForex’s research content gives traders a multifaceted overview of the xcritical state of the market and provides them with actionable trading signals. I concluded that the broker’s research content caters to the needs of day traders and swing traders. 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. 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. While it provides a decent amount of forex pairs, commodities, and indices, there are no share CFDs, cryptocurrencies, or other lower-risk securities like ETFs and bonds.
What features does the LiteForex Online Trading Platform have?
He earned a Bachelor’s degree in Economics and International Relations. Plamen’s broad experience has equipped him with the expertise to recommend the best forex brokers. 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. Some features and services may vary depending on where you reside and which entity you open an account with. LiteForex offers a free demo account that helps to learn trading strategies without the risks of losing money.