The review also notices that it practices respectful ways of investing capital and generating capital entrance thresholds. It is the first broker to allow the lowest minimum deposits in the market. The overall review on LiteForex is positive, as the company is enabling its client to get acquainted with the complex Forex trading landscape. From its live trading features to its competitive spreads, the broker ranks high on almost every review parameter. Through its top-quality trading services and evolving asset lists, LiteForex is expected to keep being attractive for traders. Unlike other brokers that offer a range of account types with lower spreads linked to higher minimum deposits, LiteForex offers three market-execution accounts with low minimum deposits.

Apart from the high trading costs, other drawbacks are that LiteForex charges high withdrawal fees. Additionally, its Malaysian clients will be trading under the LiteForex subsidiary registered in Saint Vincent and the Grenadines, which provides virtually no regulatory oversight. This broker has invested substantially in the functionality and navigability, which makes an excellent first impression on would-be traders. The LiteForex site features extensive information about the account types and assets available to buy and sell using its platform. Customer service contact information is prominently displayed for smooth communication with the support team. LiteForex caters to beginner traders by providing them with extensive educational material in their comprehensive education centre.

Deposits & Withdrawals

Additionally, while MT4 and MT5 offer a variety of charting tools and indicators, these may not be as extensive as some traders require. Automated trading options are available but may be limited, and compatibility with other platforms may be an issue. Despite these potential drawbacks, MT4 and MT5 platforms are fast, reliable, and provide access to a range of trading instruments, making them a popular choice among traders. Online reviews indicate that swap rates are applicable on overnight positions while trading in normal market hours is swap-free.

Published materials should not be regarded as a recommendation for investment or advice in accordance with Directive EC.

TOP 10 Forex и LF Fighting

LiteForex also allows local bank transfers from Malaysian banks, including MayBank, CIMB Bank, and Affin Bank. LiteForex does not charge any fees for deposits and charges no inactivity fees, but charges fees on some withdrawal methods. For example, it charges a fee of 3% for withdrawing via debit/credit cards and a commission of 2% for withdrawing by bank transfer (click here for more on deposits and withdrawals). Overall, these withdrawal fees are higher than other similar brokers.

Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader. Note that the content on this site should not be considered investment advice.

ECN Account

You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money. Keep in mind that LiteForex applies a different cost structure to its other account types. And the ECN account, which is aimed at professional and institutional users, charges a commission of $5 per round trip per lot. There are no deposit fees and no withdrawal fees and no inactivity fee. Traders receive independent market news and analysis from third-party provider, Claws & Horns.

• I`d say they are a legitimate broker with a lot to offer their clients, especially beginners.
• Hence, clients are compelled to delete the existing cent accounts to open different account types.
• Overall, LiteForex is an excellent proposition for both beginner traders and professionals thanks to its range of account types and the wealth of financial information available to account holders.
• The brokerage specializes in the trading of forex and has been providing reliable and innovative forex trading services since their establishment in 2005.

Classic Accounts only allow base currencies to be denominated in USD, EUR, and MBT. The minimum deposit on this account is 50 USD, and transactions start at 0.01 lots. Support is offered for both the MT4 and MT5 trading platforms, Stop Out levels are at 20%, and no interest is charged on surplus funds. https://investmentsanalysis.info/ is a large and established online trading brokerage who serves the international markets by accepting traders from around the world and offering their services in over 10 languages.