Lite Forex is a forex broker that offers a range of trading assets and tools to clients. These include currency pairs, precious metals, and indices.
The company operates in a well-regulated jurisdiction and is a member of the Investment Compensation Fund, which protects client assets in case of brokerage liquidation. It also offers negative balance protection to its clients.
Customer support
Liteforex provides customer support in various languages and offers 24-hour service via email and live chat. They also provide an online tutorial for beginners and host a weekly webinar series.
Traders can also access a wealth of educational resources through the broker’s website, including guides to fundamental forex and CFD indicators. The company also publishes daily and weekly reports that cover economic news, critical technical levels, and trading signals.
We were able to ask a series of questions about Liteforex’s trading platforms and received an average response time of 35 seconds from its customer support executives. The quickest of the bunch was FX Giants’ representative (Rijo Varghese), who responded to our first query in 3 minutes and 55 seconds.
Trading platform
LiteForex offers a wide range of trading accounts that cater to traders of all levels of experience. The company also provides a demo account that helps new traders learn the platform without risking real money.
Traders can use the platform to trade forex, indices, stocks, and crypto currencies. They can also access CFDs on several different assets.
The broker operates in a well-regulated jurisdiction, and its customer service is available to clients 24 hours a day via chat or the client portal. It also provides support in multiple languages.
LiteForex is a Cyprus-based broker that aims to provide a safe and secure environment for traders of all levels. It is regulated by the CySEC, and its clients are entitled to compensation in the event of brokerage liquidation.
Leverage
Liteforex offers leverage in the form of forex and CFDs to its clients. This leverage enables traders to trade on major and minor currency pairs, stock indices, precious metals, oil, and gold.
Leverage is a vital feature of the forex market as it allows traders to increase the size of their trading positions using borrowed funds. However, it is essential to note that leverage can result in huge losses.
Liteforex offers two accounts: the Classic account and the ECN account. The latter is designed for professional and institutional clients and requires a flat commission of $5 per round trip per lot.
Minimum deposit
Liteforex requires its clients to pay a minimum deposit of $50 before they can start trading. The company offers various payment methods for depositing money, including bank transfers and credit or debit cards.
Traders also get several free demo accounts to test the trading conditions and features of the platform. These demo accounts are easy to use and are designed to simulate the real-time trading experience without risking any money.
The company also has a VIP program for its top-performing traders. VIP members are eligible for various benefits, including a personal analyst and advanced trading signals.
Trading conditions
LiteForex is an online broker that provides reliable trading conditions to traders from all over the world. The company has been in business since 2005 and is registered in the Marshall Islands.
Traders can open an account with LiteForex by clicking the registration button. They can then choose a deposit method, such as bank transfer, credit card, or e-wallet, and start trading.
Aside from the classic accounts, LiteForex also offers ECN accounts that provide tight spreads with fast market executions. However, traders should remember that these accounts have a commission rate of $5 per lot.
LiteForex is a safe and secure web-based trading platform that uses HTTP protocol to transmit data from clients’ servers to the broker. This encryption procedure ensures that the client’s data is not intercepted by hackers or misused.