LiteForex Account Types

　　LiteForex offers two primary account types for traders: Classic Account and ECN Account.

• Classic Account
• Minimum Deposit: $50
• Spread: Floating, from 1.8 pips
• Commission: None
• Leverage: Up to 1:500
• Execution Type: Market execution
• Available Platforms: MT4 and MT5
• Islamic Account: Yes
• Social Trading: Available
• ECN Account
• Minimum Deposit: $50
• Spread: Floating, from 0.0 pips
• Commission: $5 per lot
• Leverage: Up to 1:500
• Execution Type: Market execution
• Available Platforms: MT4 and MT5
• Islamic Account: Yes
• Social Trading: Available

　　Both account types provide negative balance protection and allow for unlimited order numbers, making them suitable for various trading strategies.

　　

LiteForex Broker Account Opening Process

　　To open an account with LiteForex, follow these steps:

• Visit the LiteForex Website: Go to the official LiteForex site.
• Click on "Open Account": Find the registration button at the top right corner.
• Fill Out the Registration Form: Enter your personal information, including name, email, phone number, and create a password.
• Agree to Terms: Read and accept the terms and conditions.
• Choose Account Type: Select the desired account type (Classic or ECN).
• Fund Your Account: After account creation, you can deposit funds using various methods such as bank transfer, credit/debit card, or e-wallets.
• Verify Your Account: Complete the verification process by providing proof of identity and address.

　　Once your account is verified, you can start trading on the LiteForex platform.

　　Sources:

• LiteForex Account Types Reviewed
• How to open a LiteForex (LiteFinance) account