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LiteForex Forex Broker keeps up-to-date with the latest trading account information, including CLASSIC, ECN maximum leverage of --, trading varieties, and more
Rating Index
Pros
Low minimum deposit requirement of $50, making it accessible for new traders.
Offers a range of trading platforms including MetaTrader 4, MetaTrader 5, and a proprietary platform for various trading styles.
Regulated by CySEC, providing a level of security and investor protection.
Cons
Limited educational resources and trading tools, which may not cater to advanced traders.
No cent accounts available, potentially restricting options for beginner traders.
Complex verification process that may deter new users from quickly starting their trading experience.
LiteForex broker Accounts
CLASSIC
Environment
D
Currency
--
Maximum Leverage
--
SupportedEA
Minimum Deposit
$50
Minimum Spread
from 2.0
Depositing Method
(4+) Neteller Skrill VISA
Withdrawal Method
--
Minimum position
0.01
Commission
--
Products
--
ECN
Environment
D
Currency
--
Maximum Leverage
--
SupportedEA
Minimum Deposit
$50
Minimum Spread
from 0.0
Depositing Method
(4+) Neteller Skrill VISA
Withdrawal Method
--
Minimum position
0.01
Commission
From 5$ per lot
Products
--
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
- 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.
- LiteForex Account Types Reviewed
- How to open a LiteForex (LiteFinance) account
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:
Once your account is verified, you can start trading on the LiteForex platform.
Sources:
LiteForex Similar Broker Accounts
Explore broker markets account types: forex/trading accounts with demo access.
LiteForex accounts can be viewed for products that can be traded -- accounts with a minimum deposit of $50 by (2+) (4+) Neteller Skrill VISA.