LiteForex Investments Limited is a well-known forex and contract for difference (CFD) broker. When trading on the MetaTrader 4 and MetaTrader 5 platforms, clients have a choice of deposit and withdrawal options. This review will take you through the registration process, customer support, bonus information, and account types
In 2005, LiteForex Investments Limited was established. It is headquartered in the Marshall Islands and boasts a global membership of 500,000.
In addition to the Philippines, Kenya, Myanmar, Tanzania, Ghana, Nicaragua, India, Indonesia, Vietnam, and Iran, the group has offices in India, Indonesia, Vietnam, and Iran, as well as a newly established office in Lagos, Nigeria. The proprietor has made the website and platform accessible in English and 14 other languages in order to reach a worldwide audience.
LiteForex Investments Limited, a Marshall Islands-based company, is governed by the Marshall Islands Business Corporation Act.
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Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960 is the company’s address.
While trading systems are available 24 hours a day, some markets have trading hours restrictions. If you want to trade equities over the weekend, keep this in mind since margins and earnings are almost certainly going to be reduced.
Any modifications to the regularly planned trading hours of LiteForex Investments Limited will be notified on the LiteForex Investments Limited news site. Additionally, look up the local server time for your region.
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You may use the live chat function by clicking on the chat logo on the LiteForex Investments Limited website. After successfully completing the login page, a live chat button will appear in the bottom right-hand corner of the screen. Additionally, traders may contact customer support through email at firstname.lastname@example.org or by telephone at 88007072963.
Customer support representatives are often capable of resolving the majority of inquiries, including internal transfers and administrative concerns.
LiteForex Trading Platforms
LiteForex Investments Limited offers the MetaTrader 4 and MetaTrader 5 trading platforms. These two platforms, which launched in 2005 and 2010 respectively, have grown to be the most popular for online forex and CFD trading.
Both platforms support Apple’s Mac and Microsoft’s Windows operating systems. Alternatively, you may trade straight from a web browser through the WebTrader interface. After completing the short setup and verification procedure, customers may immediately begin trading.
Both downloaded systems are user-friendly, and the online terminal provides a great deal of versatility. Among the many chart types offered are line, candlestick, and bar charts. MT5 features an economic calendar, and a Depth of Market function in addition to new indicators and sophisticated analytical capabilities.
Despite this, MetaTrader 4 continues to be the most popular trading platform due to its vast collection of tools for successfully executing trading strategies.
Trading Software and Leverage
LiteForex Investments Limited provides traders with a variety of tools to help them succeed, including an economic calendar, a global market news blog, and an online margin and Fibonacci calculator. Additionally, Claws&Horns’ experience as an analytical business with a diverse array of analytical equipment is beneficial.
All account holders have access to the following trading assets: currencies, commodity and Indexes
Leverage ratios of up to 1,000 to one are conceivable. When individuals register, they have the option of selecting their preferred level of leverage. The margin call procedure is detailed in detail on the broker’s website in the FAQ section.
Fees and Charges
LiteForex Investments Limited is responsible for the payment of spreads. Spreads are calculated item by item and account by account. Spreads are used in the Classic account, while commissions are used with the ECN account. Each lot is subject to a $5 commission.
While spreads on popular currency pairs may exceed two pips, they are often competitive. Spreads on key indexes such as the FTSE 100 begin at zero.
LiteForex Account Types
LiteForex Investments Limited’s two main active accounts are the ECN account and the Classic account.
LiteForex Investments Limited offers experienced traders and investors the opportunity to establish a real-time ECN account. Surplus funds receive a 2.5 percent interest rate, transactions may be carried out indefinitely, and funds are immediately transferred to liquidity providers. Holders of ECN accounts are limited to trading on the MT4 platform.
The Classic account is recommended for experienced traders. Surplus funds earn no interest and incur no expenses. Additionally, the MetaTrader 4 and MetaTrader 5 trading platforms are accessible. To register, click ‘Registration’ in the upper right-hand corner of any page.
What is the difference between a traditional account and an electronic communication network account? Both have their advantages, so do your homework. Due to the fact that accounts are linked with certain servers, it is not feasible to change the account type after it has been created; you must first delete the account.
A Forex Islamic account is a halal trading account for traders who are not permitted to trade interest rates per their religion.
Deposits and Withdrawals
Traders may fund their accounts with LiteForex Investments Limited in the following ways:
- Credit/debit card
- Money transfer through banks
A $50 minimum deposit is required for all accounts, and payments are often completed the same day. Clients may also fund their accounts using cryptocurrencies such as Bitcoin.
Traders may withdraw up to $100 each day in less than 24 hours via LiteForex Investments Limited’s automated withdrawals through Skrill, Perfect Money, and Neteller. The service provider determines the withdrawal fees.
LiteForex Investments Limited conducts competitions and promotions on a regular basis. There is no welcome bonus or any special incentives available at the moment. There is, however, a one-of-a-kind arrangement that avoids payments entirely by recovering the deposit fee.
LiteForex Investments Limited also hosts a $350,000 “Dream Draw” and a $1,000 Video Blogger contest. Additionally, the business hosts trading competitions with cash awards totalling up to $4,000.
LiteForex Investments Limited is a reputable broker that provides a comprehensive range of services. The MT4 and MT5 platforms are offered, as well as a diverse variety of tradeable FX and CFD products.
The website is simple to use, the support section is comprehensive, and there are many free analytical tools available. Despite its worldwide reach, LiteForex Investments Limited is fundamentally inclusive and customised for each individual.