LiteForex Investments Ltd, founded in , is registered in the Marshall Islands and regulated by the Marshall Islands Business Corporation Act. LiteForex is one of leading brokerage companies with traders of different levels from all over the world and listed as one of the top companies according to World Finance. There are over half a million LiteForex traders doing business out of offices in several countries.
There are four different trading accounts at LiteForex. These accounts minimize trading risks as deposits are denominated in cents.
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The maximum leverage in a CENT account is and a minimum lot is 0. The Forex CLASSIC account was designed for the traders who have trading experience who follow their tried-and-true strategy using four-digit quotes. The CLASSIC account has a fixed spread starting from 2 points and leverage of The ECN Forex account uses technology which provides full transparency and protection against non-trading risks. ECN Electronic Communications Network is a unique e-technology for Forex trades with no broker intervention.
ECN broker is a kind of a platform where a trader's each order is matched with an opposite order either within the company or at the broker's contractor.
There is increased quoting precision and no limits to the lifespan of trades. In addition there are no Stop and Limit levels and scalping and news trading are allowed. The fourth account is the PAMM account which was developed for managing Forex investors' funds. It combines all the advantages of both management and investing including transparency, safety and convenience which provide wide earning opportunities to both investors and managers.
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There is no commission. The multilevel "Bring a friend 2. And also for demo account holders, with the Fighting contest, anyone using available trading tools can be part of the contest where ten participants showing the most effective trading over the contest period will be considered as the winners. An interesting promotion is the ability to get back a deposit fee when making a deposit with a credit card. Partners have several of their own contests. The weekly contest ratings are posted on the site.
There is also a multi-rebate of 1. There are some good tutorials on various Forex related subjects in addition to a host of interesting and informative articles.
Missing were live webinars which can be quite informative. Traders can access various calculators used in Forex trading such as count pips, leverage, lot size and profit. A Fibonacci calculator is available to help organize trading and produce stable profits. Deposits can be made using major credit cards and online payment programs including LiteForex Cards, Skrill, Neteller, Carte Bleue, Dankort , PostePay, Qiwi, and China Union Pay.
Bank wires are also accepted.
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Withdrawals are made using the same methods. The hour period is measured from the moment of funds deduction as a result of automatic withdrawal. An online form is also available as are toll free numbers to a list of different countries.
LiteForex is one of the longest running Forex brokers in the industry and its stability and transparency are important to the continuation of its success. The long list of accounts and the variety of different bonuses and promotions make trading the LiteForex a lot of fun. DailyForex will not be held liable for any loss or damage resulting from reliance on the information contained within this website including market news, analysis, trading signals and Forex broker reviews.
The data contained in this website is not necessarily real-time nor accurate, and analyses are the opinions of the author and do not represent the recommendations of DailyForex or its employees. Currency trading on margin involves high risk, and is not suitable for all investors.
As a leveraged product losses are able to exceed initial deposits and capital is at risk. Before deciding to trade Forex or any other financial instrument you should carefully consider your investment objectives, level of experience, and risk appetite.
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