Lite Forex Broker Review
Online reviews indicate that swap rates are applicable on overnight positions while trading in normal market hours is swap-free. Similarly, the clients are subjected to corporate actions such as splits, dividends, mergers, etc., which impact the value of index CFDs and equities. The swap-free portfolios of clients have adjusted accordingly, and the broker remains transparent in its pricing environment. The company also maintains its archive to track and record the average spreads, which get updated every week. There are separate trader agreements signed to charge zero inactivity fees, which is why LiteForex is preferred over other brokers. The LiteForex waivers on deposit, withdrawal, and foreigner recharge is also an additional advantage. Several assets may get overpriced in due course of trading, but the broker’s cost structure remains acceptable.
- If you lost access to your profile or account you need to contact our support team via live chat or email.
- Other brokers try and get you to sign up with ‘free’ trades.
- I am testing LiteForex and first of all i would like to have more payment systems for deposit and withdrawal.
- This is because the payment method which you use to fund your account may accrue a fee.
- I was advised to update the current version of the terminal.
- You will need to provide some basic documentation to prove your identity as part of Lite Forex Investments onboarding and normal KYC identity checks.
Also, support representatives can easily be contacted 24 hours a day, 7 days a week via live chat, email, support forums, and telephone support that supports call back functionality. Therefore, traders will always be able to get in touch with a representative easily and quickly. Also, traders can interact with representatives via the brokerages various social media channels including; Facebook, Twitter, Google+, Instagram, LinkedIn, Pinterest, Telegram, and YouTube. With LiteForex, you can easily get a Forex bonus of USD and more to your trading account. Moreover, often we do not limit the maximum amount of bonuses, and our bonus campaigns are constantly changed and updated.
Today, you’ll get the customer service in 27 languages, and that’s an outstanding addition. Like other trading platforms, LiteForex Broker does offer you MT5, MT4, Web, and Mobile Version.
Forex Broker Bonuses
Their spreads is low and it was surprise for me, because other brokers has spread bigger then LiteForex. I have been trading with this broker for more than a year, I like trading conditions, and additional opportunities, but sometimes there are delays in withdrawing of funds. In public offer agreement specifies that the withdrawal takes from 1 to 3 days, but sometimes the withdrawal can take 5 days. I hope that in the future the withdrawal of money will be within 24 hours. LiteForex broker is providing their clients with many different options when it comes to the deposit, withdrawal and payment methods.
CFDs are leveraged products and can result in the loss of your capital. As with most brokers, margin requirements do vary depending on the instruments. Lite Forex Investments also offer mobile apps, for Android and iOS making it easier to keep an eye on and execute your trades while you’re on the move. If a market order is not fulfilled by your brokerage usually no commission is charged. An account inactivity fee is a fee charged to the registered brokerage client. Lite Forex Investments withdrawal fees vary depending on your selected withdrawal payment method.
There are regular contests and promotions to encourage traders and a load of resources for beginner traders. The broker caters for investors as well as traders with around the clock support and access for cryptocurrency trading. For every deposit over $100 a trader can obtain a bonus of 200%. You can have this bonus withdrawn as soon as the conditions of the bonus promotion are fulfilled. I like that this broker cooperates with different electronic payment systems. Here you can start with a small deposit, the spreads are transparent.
This page may not include all available products, all companies or all services. LiteForex appears to be a large international company, successfully operating on the market since 2005. In this broker I like everything, but they have a very bad analyst. Commissions are charged on ECN account holder at $5 per lot. Lite Forex has LiteForex Broker Review been in business for over a decade and it has much to show for this time. It has its headquarters in Cyprus but due to its resiliency over the years and the expertise gained, it has managed to spread its influence to other counties as well. This model made them very popular and it acquired many clients all over the world.
LiteForex hosts a promotion to reimburse all deposit fees. The minimum amounts for financial transactions are $10, except for bank wires, where they are $100. Customer service can be accessed 24/5 via live chat, and e-mail and phone support 12/5. LiteForex maintains a multi-lingual support team, while the FAQ section answers the most common questions. Traders are unlikely to require any assistance, as this broker explains most aspects well. In case of unforeseen events, it remains easy to receive help.
Another downside is that the clients may choose either of the accounts – MT4/MT5 – for investing. The brokers decision to refund commission paid by clients to a third-party payment system has already been mentioned. The detail of the process is that when making a deposit into your trading account, deposit fees will be automatically paid back to your trading account. Lite Forex Investmentsoffer a good selection of educational resources. Take the time to learn how your trading platform works.
If you still waiting your money please tell me your UID number and we will check your account in shortest time. Please contact our support team via email or via live chat on our site and you will get answer in any day except Saturday and Sunday. Also you can send copy of your letter to my email I will resend it to our specialists with whom you can discuss all your questions. In case of violations, the Company has the right to transfer the Client’s account to the swap accounts category and charge swap fees on earlier trades without preliminary notice. I can resolve any issue in any moment by different ways and I always get answer. Due to such service i have good results in trading because i can get useful information in time.
Is My Money Safe With Lite Forex Investments?
When you try to withdraw your money, there is a ‘Security Department’ that suddenly realizes you are violating company rules, then block your account and that’s it. I mean, they don’t even try to cover it up, just blatantly take your money like that. There are times when their execution is a little slow, like their server can’t keep up with the demands of traders.
Despite its success, it’s constantly developing, regularly introducing new services, opening its representative offices around the world. One of the most intriguing secrets of its success is that the company’s constantly forex analytics working on expanding the opportunities of its clients in the foreign exchange market. I do not trade forex, but I use the broker’s website as an information portal to be aware of the life of the financial market.
If they violate any regulatory rules their regulated status can be stripped. Lite Forex Investments has the ability to get deposits and withdrawals processed within 2 to 3 days.
These instruments are quite suitable for new retail traders. The company is actively expanding its trading capabilities and is currently advertising on its homepage that it supports over 145 assets. Since LiteForex’s tradable assets grow continuously, more assets are expected to be added to its bandwagon in 2021 and beyond.
In order to activate the bonus, you should enter the promotional code in the special field when you replenish your trading account. We recommend you to specify the terms and conditions of the bonus with the personal manager. Besides this, traders appreciate the broker’s highly informative website. It contains materials about the company, trading options, terminals, bonuses, analytics as well as training information. In many respects it demonstrates a thoughtful policy of working with the users, which is not typical to scams. LiteForex turns out to be a licensed broker and it has a positive effect on the attitude towards it from traders. Verification is required to trade on the platform, and it also shows the whole seriousness of the company’s intentions.
Performing Trades With Lite Forex Investments
This is done so that if anything happens to the broker, the investors’ funds will still be available for refunds. LiteForex offers currencies, stocks, commodities, indices and cryptocurrencies. LiteForex claims to have an ECN brokerage model, in addition to its regular market-making model. As a result, the brand offers low Foreign exchange reserves spreads and charges commissions on certain trades. LiteForex began operations in 2008 and has since grown into a global broker with offices across the globe. The Head office is in Marshall Islands where it operates the global brokerage services, while the European brokerage service is controlled from the Cypriot office.
It is currently unregulated, and does not accept US-based clients. When talking about the condition of the company today, they are helping thousands of clients all around the globe in the field of Forex. Also, they offer their clients numerous trading advantages and tools such as CFDs, Currency Pair, Cross-Rates, Oil, Stock Exchanges, and a lot more.
Tier 1 is the official measure of a banks financial health and strength. Below we give an overview on the account types that Lite Forex Investments forex analytics offer. Whatever you are looking to trade the varying Lite Forex Investments account types will be able to provide you with what you need.
Oanda Reviews And User Ratings
MT4 is the market leader in terms of trading your own models so provides a reliable and high-quality option. Expert Advisors, the MetaTrader copy service adds a little bit extra, allowing account holders to take on the signals of other traders and apply them to their own account. The firm offers multicurrency accounts so your trading account balance can be denominated in a choice of euro, US dollar or milli-bitcoin. The FAQs section is a model which other brokers would do well to follow. Most broker FAQ sections appear to be little more than a frustrating firewall between clients and customer support.