LiteForex Europe Review 2024 A Must Read Before Signing Up

LiteForex Europe Limited is also a member of the Investor Compensation Fund, which protects client funds up to 20,000 EUR. Funding is available via bank cards (Mastercard or Visa) and e-wallets including Skrill and Neteller. Fees are reimbursed for all local deposit methods and are processed instantly.

MetaTrader 5

I always recommend traders to check for regulation and verify it with the regulator by checking the provided license with their database. LiteFinance maintains one regulated subsidiary for EEA, UAE, and Marshall Islands-based traders. 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. It is comprised of regular market updates that inform traders of xcritically unfolding trading setups. Each article consists of an economic breakdown and a technical setup supported by a chart.

In our Trust category assessments, we evaluate factors tied to stability and transparency, including the broker’s longevity, company size, and the transparency of information provided. In our reviews, we examine the licenses and regulations of each entity operated by a broker, allowing us to compare their different levels of protection. We rank licenses by various regulatory bodies on a three-tier system, where Tier-1 licensing indicates the highest level of regulation. Overall, LiteForex is deemed suitable for novice traders, day traders, and those interested in algorithmic trading. LiteFinance Global LLC does not provide services to residents of the EEA countries, USA, Israel, Russia, and some other countries.

1. I like that LiteFinance deploys its proprietary copy trading service embedded within the web-based trading platform.
2. It supports the MetaTrader 4 and 5 platforms and offers VPS hosting for low-latency trading.
3. Each article consists of an economic breakdown and a technical setup supported by a chart.
4. I appreciated that the materials are supported with tests to help the reader solidify what has been learned.
5. It is ideal for manual traders and superior to the MT4/MT5 web-based alternatives.
6. LiteFinance, previously known as LiteForex, faces technical issues and experiences a rise in fraud claims.

Trading Platform Screenshots

The most recent developments, starting with the launch of LiteFinance Global LLC, raise notable concerns. At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions. Traders can use the built-in economic calendar, which is an essential tool in a trader’s arsenal. It informs traders of upcoming market events and releases that have the potential to stir price action, thereby creating viable trading opportunities.

I find the deposit and withdrawal methods sufficient for most traders and appreciate the inclusion of cryptocurrencies. They are suitable for most retail traders, but seasoned traders require higher quantities. While the 225 assets offer new traders acceptable entry-level exposure, advanced traders will find it inadequate for proper cross-asset diversification.

Where is LiteForex (Europe) based?

You can contact the support team to get help with a range of xcritical rezension queries, from account registration and verification to copytrade services and forgotten investor passwords. The brokerage operating from St. Vincent and the Grenadines remains unregulated. A CySEC-regulated entity caters to EEA, UAE, and Marshall Islands traders.

Trading View offers advanced charting capabilities and multiple analytical tools for carrying out advanced technical analyses. As a scammed by xcritical chart artist, I have always valued platforms with detailed and versatile charts, and LiteForex’s platform is one such station. Generally, only the $10 commission on FX Majors falls below the industry average. Accordingly, the most favorable prices are available when trading FX majors on LiteForex’s ECN account type. I did not discover any major discrepancies, and all essential safety information is readily available.

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). Traders can use this type of content to get a sense of the prevailing market sentiment. 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. The leverage multiplies the profits a trader generates from winning positions but also the losses incurred from failed trades.