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Before trading online with a broker such as Lite Forex Investments you should be sure they’re legitimate online agent. Try creating two accounts Foreign exchange autotrading when you are working with Lite Forex Investments. One is the real account, with your real money and the other is your demo account.
A broker may charge a commission fee as a service charge for facilitating the buying and selling of financial assets through your trading account. If you are no longer using your trading account close it with the brokers customer support. And make sure you have a confirmation that any remaining fees are not due.
The day after the other account with started unexpectedly and abruptly losing money again. My balance which was 112$ (100$+profit) ended in this case with only 37$ in an archived PAMM account. 24 hours later, the account with which was making great profits started curiously losing money dramatically. The next day I was notified by email that the PAMM manager closed his account due to excessive losses and that the account was archived. This service have good opportinites for investors but i think that this service should have more options for proffessional traders. I hope that in future LiteForex will upgrade thier platform.
Credit Cards Information Stolen Service Use: Livelength Of Use: 0
Could use any strategy or system I want, I didn’t see any manipulation, and no widening of spreads whatsoever. In December I withdrew 700 USD from my trading account through Skrill and I was able to receive the funds within a few hours. But things went fishy when I tried withdrawing 1500 USD in February. All of a sudden they told me that my account wasn’t verified. It’s just odd cos how come they were able to process my previous withdrawal request? However, every document I sent them including a court affidavit was rejected.
Getting in touch with LiteForex is extremely easy as there are multiple means of doing so. The broker features a call center, a reliable call back feature, forum rooms and even live chat to deliver immaculate customer services to all of its users. With so many options, there is always one way or another to get in touch with the broker in times of need. Overall, the website of the said Forex broker is extremely user-friendly.
Is Lite Forex Investments A Good Broker?
If LiteForex Investments Limited were a scam, multiple market regulators would not have registered it. Modeled on a Cyprus investment firm, the company provides its services through safe and secure platforms. SSL-secured and encrypted channels protect the data going in and coming out of the website and the platforms. LiteForex provides a VPS hosting service through its website for managing trades in the absence of on-premise servers. Unlike other brokers, LiteForex is not reliant on an internet connection.
LiteForex is an old and experienced broker that has been in operation for over a decade. The number of clients participating in the contests is overwhelming. More than 10 years of successful work with traders around the world, favorable terms of trade, recommendations from grateful users prove our point of view. If you don’t want to have any problems with the broker, work with your personal manager in the proper way. You need to specify all the necessary information about the rules for using bonuses and the procedure for withdrawing funds. The very willingness to invest money and time in the further development of services and solutions clearly indicates that the company has serious plans to grasp leadership positions. Today LiteForexis one of the most successful and dynamically developing companies.
you should have confidence in Lite Forex Investments and know that the management of your financial investments on the Lite Forex Investments platform are in good hands. learn more 67% of retail investor accounts lose money when trading CFDs with this provider.
- Inability to withdraw funds for some people, but this gets sorted out quickly.
- Traders can also see a library of the broker’s past spreads, which is quite a nice offering.
- I think FreshForex is a good broker, been trading with them some years now, very good customer service, swift deposits and withdrawals.
- They are one of the biggest names in trading today and were one of the best 100 companies by World Finance, and they have entities around the globe.
- We will check possibility of using bank cards from Australia.
- 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.
Multiple bonus programs exist to entice new account openings and promote trading activity. New retail traders with smaller deposits who seek outstanding educational value in their broker, together with in-depth research, may consider LiteForex as an option. The most basic versions of the MT4/MT5 trading platforms, as a desktop client, webtrader, and mobile app, represent the choices at forex LiteForex. LiteForex maintains a series of guides and articles related to both. At the time of this LiteForex review, the brokerage did not provide any third-party add-ons to unlock the full functionality of MT4/MT5 and improve the trading environment. The present choices will leave traders with an incomplete and sub-standard experience unless they are willing to invest in upgrades.
At first it worked out well, then one day i requested a payout, they told me it’s processing and after a day it got cancelled and my account got suspended. They didn’t even tell me why and i assure you that i didn’t do anything to violate their terms. After months of waiting for this company to accept my withdrawal request which they denied, They locked my account and stopped responding to my mails. WEALTHWATCHS, COM helped me recover all my money back from them.
Liteforex Review: Is Liteforex Com Broker Decent Or Scam?
Equity CFDs can be traded at $0.25 commission per share. For the commission-free Classic account, clients get elevated floating spreads, which start at 1.8 pips. Like other forex brokers, LiteForex offers its services through online communication only. It starts with opening a new LiteForex account and making a minimum deposit to select a trading account type. To open a trading account, users need to fill up an online registration form available on the company’s website.
LiteForex is a Forex broker operating out of Marshall Islands, and as such falls under the financial laws of the Marshall Islands Business Corporation Foreign exchange autotrading Act. Nevertheless, we believe in giving everyone a fair crack at the whip, so are going to continue with our LiteForex Forex broker review.
Due to them operating under different regulators, not all the services offered to one group are offered to the other. Though the parts of the service which are offered to both groups of clients, are the same.
As a part of its features, LiteForex also offers promotions and contests. But, it is currently not offering any welcome bonus or sign-up promo codes to its clients. A promotional offer for procuring a rebate on the deposits and fees is available. Trading financial instruments carries high level of risk to your capital with the possibility of losing more than your initial investment. The data within this website is not necessarily real-time nor accurate and do not represent the recommendations of the employees.
They offer floating spreads without any commissions and major pairs range from 2 to 3 pips. The EUR/USD currency pair for example has a spread of 2 pips which is already at par with what other brokers can offer. Risk Warning – Between 74-89% of retail investor accounts lose money when trading CFDs.
Select your country, full name, email or phone, and password and check all the boxes below. Click on it, and you’ll be asked to verify your account. We recommend you to go for a fixed spread because you can predict the commission without any problem. But, there are a number of factors that you look for when choosing the spread for you. They are also providing you VPS services because in case of any internet or electricity problem, your data will automatically be executed through their servers and you will not lose any data. Demo Account is what “You should try” to learn a lot about Forex trading before investing in LiteForex Broker. You can test a lot of things, and there are zero risks involved.
Liteforex Commissions & Fees
Also, they have mobile apps on offer which can be easily downloaded and used anytime, anywhere. Lite Forex is one of the few brokers in our forex broker reviews that lets you choose between fixed and floating spreads. The spreads on most major currency pairs are around three pips but can get as high as 24 pips with floating spreads. If you plan on trading minor currency pairs the spreads range from around ten pips to as high as 250 pips for the most exotic pairs. LiteForex provides their traders with a variety of deposit and withdrawal methods for convenient Forex trading.
It’s refreshing to see the Swap Long and Swap Short rates shared with such transparency. As is often the way, brokers who are most transparent with their fees often have a competitive edge in terms of costs. The firm has a more global outlook than some other brokers.