This article provides a detailed guide to trading a “Rising wedge” pattern. LiteFinance Global LLC does not provide services to residents of the EEA countries, USA, Israel, Russia, and some other countries. The company rebranded in 2021 ahead of its global expansion.
The sign-up process is straightforward and an account can be opened in under a minute. Demo accounts are useful for traders of all experience levels. LiteFinance, formerly known as LiteForex, is an established ECN broker. Clients can trade currencies, commodities and stocks on the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. Today, when the Internet is full of numerous Forex blogs, we want our trading blog to remain useful for you throughout the whole period of your Forex trading and to help you utilize your trading strategies most efficiently.
LiteFinance trading blog is a popular and full source or regularly updated information, essential to trade successfully and improve your trading skills all the time. DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with. All activity is monitored and clients should feel reassured that their funds are held safely. Any changes to standard trade hours are reliably communicated by the LiteFinance news blog.
What Is The Minimum Deposit For A LiteFinance Account?
This broker has invested substantially in the functionality and navigability, which makes an excellent first impression on would-be traders. The LiteForex site features extensive information about the account types and assets available to buy and sell using its platform. Customer service contact information is prominently displayed for smooth communication with the support team. We offer impartial reviews of online brokers that are hand-written, edited and fact-checked by our research team, which spends thousands of hours each year assessing trading platforms.
Additional Features
Over 100 data points are considered, from minimum deposits and trading fees xcritical rezension to the platforms and apps available. Our broker ratings are also informed by the experience of our researchers during the evaluation process. Both downloadable platforms are user-friendly while the web terminal offers a range of options for customization. They provide multiple chart types including, line, candlestick, and bar charts. MT5 offers more indicators and advanced analysis tools than MT4 including a built-in economic calendar, 21 timeframes, plus a Depth of Market feature.
- All intricacies of stock trading, with the meaning of the intrinsic value of stocks and options.
- This company is a registered broker operating from Cyprus, an EU member state located in Southern Europe.
- The mobile applications are also easy to navigate and available in eight different languages.
- Our authors publish their original profitable Forex trading strategies and selections of graphic price patterns.
- It offers a range of assets, two of the most popular trading platforms and flexible account options with the aim of making the world of forex and CFD trading accessible to a global audience.
- Forex traders focused primarily on major and exotic currency pairs will benefit from competitive spreads and a transparent fee structure while using the industry-standard MetaTrader platform.
Deposits & Withdrawals
Traders considering availing themselves of the various benefits of a LiteForex account will want to weigh up the benefits and risks involved, bearing in mind that the company operates in a well-regulated jurisdiction. The website is easy to navigate, support is easily accessible and there are multiple free analysis tools. The LiteFinance brand is largely inclusive and despite its international presence, remains tailored to individual markets. There is a good range of tradeable forex and CFD assets, plus the MT4 and MT5 platforms. LiteFinance offers a safe and secure platform and the site is protected with firewalls and isolated servers.
Developed in 2005 and 2010 respectively, these systems have become the foremost platforms for online forex and CFD trading. Read Forex opinions, chat with professionals and colleagues, learn, and take your trade to the next level! LiteForex Traders’ Blog is an independent source of useful information about the financial world. The authors of the articles are practicing traders, economic reviewers, investors and LiteForex partners. The blog format will allow you to discuss the articles and ask the author relevant questions. Read our FX Trading blog to get xcritical to topical issues of financial markets, rare trading strategies, reviews of trading indicators and tools, and trading psychology.
Brokerage services in your country are provided by the company LiteFinance Global LLC (registered in St. Vincent & the Grenadines as a Limited Liability Company with registration number 931 LLC 2021). Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory xcritical reviews credentials, account safeguards, and reputation in the industry. If you have experience trading with LiteFinance please share your personal review of the broker and what you think are strong and weak points. Compare LiteFinance with the top 3 similar brokers that accept traders from your location. Also, the brand runs a ‘Dream Draw’ with a prize fund of $350,000 and a Video Blogger contest with a prize pool of $1,000. The broker also runs trading contests with cash prizes up to $4,000.
Compare Trading Instruments
As accounts correspond to different servers, it is not possible to change the account type once opened, to do so you will need to delete the account. At the time of writing, LiteFinance does not offer a welcome bonus or any promo codes. However, there is a promotional offer to get a rebate on deposit fees, so payments are essentially free. What is a divergence, and what does it look like in a price chart? All intricacies of stock trading, with the meaning of the intrinsic value of stocks and options. Global geopolitical unrest has fueled a sell-off in the GBPUSD pai…
Trading platforms are open and usable 24/7, however certain markets only permit trading between specified hours. This is something to consider when trading stocks at the weekend, as it is likely margins will be lower and profitability reduced. 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.
Forex trading blog provides the most helpful and relevant information about online forex trading. You will always find the most up-to-date analytics and forecasts, topical articles and detailed educational guides, written by advanced traders and expert analysts. The authors of trading blog inform the readers on the latest changes in the Forex market and provide up-to-date technical analysis with a detailed study of price charts. Our authors publish their original profitable Forex trading strategies and selections of graphic price patterns. Detailed description of the latest and most innovative trading strategies, special features of rare indicators settings, daily fundamental and technical market analysis – all of this is available in our Forex trading blog.
As such, all trading and client activity is regulated by the Cyprus Securities and Exchange Commission. As noted above, this jurisdiction offers investor compensation up to EUR 20,000 on non-professional trading accounts in the event of brokerage liquidation. Forex traders focused primarily on major and exotic currency pairs will benefit from competitive spreads and a transparent fee structure while using the industry-standard MetaTrader platform. No interest is paid on surplus funds and no commissions are charged. LiteFinance offers a free demo account which is a great way to get to grips with the broker, and its platforms, risk-free.
LiteFinance recommends a VPS to manage trades whilst users’ gadgets are switched off. It is not reliant on an internet connection or power supply and offers a degree of security to web traders. The Classic account uses a spread-based system and the ECN account, a commission-based system. Note, LiteForex (Europe) Ltd operates as a separate broker offering trading services to clients from Europe only.
