Despite being a reputable company that has been in the business for over 14 years, LiteForex broker review shows that there are a few negative points. The main drawback is that a large amount of initial deposit is required to open an account, and there are nocent accounts. The good news is that trading conditions are transparent, and there are no restrictions on scalping, hedging, or the use of trading advisors. The Lite version of the website also offers a number of other features, such as automated trading and social trading.
Origin Of LiteForex Broker
The LiteForex brokerage company was founded in 2005 in the Marshall Islands, where the company is regulated. As a reputable international broker, LiteForex offers a number of services and favorable trading conditions. The company is also a member of CySEC, and they accept a number of payment methods.
There are many disadvantages to trading with liteforex review, which some customers have commented on. Traders are disappointed that they are unable to withdraw funds after making a trade. A good forex broker will have different account types, including PAMM and STP accounts. Traders should choose a broker that offers a variety of accounts and payment methods so that they can choose the best option for them. If you have a large deposit with a high minimum balance, LiteForex is not the broker for you.
Another drawback is that the Lite version of the binary options trading site does not display blown accounts. The risk assessment formula is not defined on the website, so it is impossible to determine the correct risk level. However, if the broker does offer a demo account, then it is a good choice for beginners.
Why Is LiteForex Best For You?
Its services are available globally and have a thriving social trading community. The LiteForex social trading community will allow you to communicate with other traders who are in the same industry.
As for customer support, LiteForex offers three ways to contact a representative. You can email the company via live chat, call, or write a letter. The LiteForex broker review page is also available online. If you are interested in trading with LiteForex, you can find the right broker through a comparison website. You can also learn more about the LiteForex broker’s services and fees by checking with a local government or financial organization.
The LiteForex broker review site is an excellent resource for those who are looking for a trustworthy online forex broker. They offer a range of accounts to suit different trading needs, including cent, classic, and ECN accounts. The reviews also give details about the withdrawal and deposit process. The LiteForex review site is available in English, German, and Japanese. You can check the language of the reviews to see if you can use a foreign currency.
The Bottom Lines
LiteForex’s customer support is also excellent. Traders can access a live chat with a LiteForex representative to get expert advice. In addition to the live chat, a community section is available for customers to find useful information about their preferred trading platforms. A FAQs section, which is very important to most brokers, is direct and covers a variety of topics. Often, clients are unable to access their customer support staff due to frustrations, and they must wait for hours or days until someone finally gets back to them.