- LiteForex is an established and experienced broker with 15 years in the brokerage business.
- LiteForex is represented in 216 countries
- High Interest on Unused Deposit
- Payment system fee reimbursements
- Social trading - a platform for copying trades
- Automatically withdrawal of funds
- Several country offices are available to allow for a more localized reach.
- Multiple payment options, which includes 6 cryptocurrencies.
- Platforms: MetaTrader 4, MetaTrader 5
The Forex market offers attractive opportunities for traders, but also involves risk. That’s why before diving into Forex trading with a live account, it’s best to open a risk-free Forex demo account. The LiteForex Demo Account provides the same Forex trading experience as real accounts. The only difference is that the funds on the Forex demo account are simulated. You don’t trade with real money, so it is completely risk-free.
Pacticing with unlimited demo dollars helps you better understand how to execute trades, your risk exposure, boost your trading skills, refine on your trading strategies or test Experts-Advisers under real market conditions.
Demo accounts can be opened via Personal Profile in less than 1 minute
this account doesn’t charge fees for carrying over open positions to the next day. This type of account is intended for those clients who are not allowed to conduct monetary operations involving interest payments owing to their religious beliefs. Another widely-spread name of this type of account is "swap-free account".
Is it allowed to open an Islamic account?
Yes, our company provides this service. Please click on your name in the upper line and then choose the "Settings" option. Find the line "Islamic account application" and click "Fill in". Please, download and print out the application form, read it carefully, fill in all the relevant fields and sign it. Then, upload an electronic copy of the signed application in the same window.
Please note, that your application does not guarantee that your account will be transferred to the Islamic Account category. The company provides access to the service at its own discretion.
How to open a new account at LiteForex?
To open a new account, click on “Registration” found on the top right hand corner of every webpage on the website liteforex.com. Then the one-page form below displays.
Fill the form and click “Register.” Immediately the account is opened and you are logged into the online Social trading platform. You can also register using facebook or Google account. If you filled a phone number, you will only verify the number with a code sent to the phone after which the account is automatically opened.
How to open a demo account?
Click on your name in the Client Profile in the upper line and make sure the demo trading mode is enabled. Then access the "Metatrader" section. Click the "Open account" button and select account parameters from the drop-down lists.
And thats practically it, you can immediately access the trading platform and start to trade with demo account.
Note: LiteForex does not accept traders USA, Israel and Japan.
How to Open a trade at LiteForex
To open a trade, simply select the instrument you wish to trade, via the Trade page or via the Search bar, click instrument and enter the amount you wish to invest, and then click Sell/Buy.
Web and Desktop plarform
MetaTrader 4 is a popular Forex trading and analysis platform, which allows trading currencies, shares, precious metals and CFD on stock indices. It has a variety of tools for trading and analysis. In this section, LiteForex provides the downloadable desktop version and its mobile applications for PDA, iPhone, iPad and Android. It is not avaliable on Web platform
MetaTrader 5 is a new version of the popular forex trading platform that possesses increased functionality and an enlarged set of tools. It comes with all the features of the MT4 but in improved and expanded forms. LiteForex provides the downloadable desktop and and its mobile applications iPhone, iPad and Android version. It is not avaliable on Web platform
After installation, you are prompted to choose the broker server for connection.
Select the appropriate server, login with the login details and trading can commence.
Here are some of the features:
- Both platforms have the same simple and user friendly interface with customizable windows. Real time quotes are shown on the market watch and on the charts.
- The MT4 and the MT5 platforms support the use of Expert Advisors to automate forex trading.
- The platforms give access to the MQL5 market where traders can buy or sell trading tools like EAs, forex signals, Indicators, etc.
- The MT4/MT5 has advanced order management and risk management features.
- Pending Order
Here is a summary of the features of the MT4/MT5 mobile apps:
- The apps are user friendly and easy to use.
- Can be used to monitor the markets with live quotes, market news, etc
- Sound notifications and alerts.
- Inbuilt charts and indicators for technical analysis.
- Full order management, order placement and history.
- Account management options.
Commission On ECN trading accounts, will be charge from $5 per lot such as Forex Major - 10$ per lot, Forex Crosses - 20$ per lot, Forex Minor - 30$ per lot, Metals - 20$ per lot, Oil - 0.5$ per lot, CFD on shares - 25 cents per share, Stock indices - 0.5$ per contract, Crypto - 10$ per lot. No commission with Classic account
Spreads are specific to the account and asset being traded. The spreads are very competitive with the industry standards, although major currency pair spreads can be around 2 pips, which is relatively high. On major indices such as the FTSE 100, spreads begin at 1 point.
LiteForex Social Trading Platform
Social Trading is LiteForex’s automated copy trading system, which allows clients to copy top trades, share information, interact with other traders, and trade independently. When you select a expert traders, you have the option to filter them based on portfolio, trading history, profits, etc.
Take advantage of successful traders experience or share your own success with others through Social Forex Trading system. Depending on your goals, choose the role that really suits you and achieve your objectives!
A VPS service
The VPS from LiteForex is based on the virtualization technique named Microsoft Hyper-V that uses a 64-bit hypervisor isolated from the main OS. This technique guarantees that all the resources stated in the price plan will be available for the clients anytime regardless of the company server workload.
- Email:[email protected]; [email protected]
- Phone Number: UK; 88007072963, Philippines: +63 956 157 3247, Nicaragua: +50522268544, Nigeria: 08101962515, Vietnam: 02873019986, Indonesia: +628889421400,