Is LiteForex legit?

Is LiteForex legit?

Is LiteForex (Europe) legit? LiteForex (Europe) is a trusted broker based in Cyprus and licensed by the Cyprus Securities and Exchange Commission (CySEC).

Who is the owner of LiteForex?

Aleksey Smirnov – CEO – LiteForex Official | LinkedIn.

Is LiteForex regulated in South Africa?

LiteForex at a glance Only regulated in accordance with Marshall Islands Business Corporation Act. Credit/debit card (Visa & Mastercard), Bank transfer, WebMoney, CentrePay, Neteller, Skrill, Alipay, Yandex, and Dengi.

What is the minimum deposit for LiteForex?

$ 50
LiteForex has a minimum deposit requirement of only $ 50. Payments are usually processed the same day. Clients can also fund their accounts with cryptocurrencies, such as Bitcoin.

Is LiteForex a true ECN broker?

ECN Account For professional traders and investors, LiteForex Investments Limited recommends the real-trading ECN (Electronic Communications Network) account. The account offers an interest rate of 2.5% on surplus funds, an unlimited duration of transactions and trades are delivered directly to liquidity providers.

Is LiteForex an ECN?

LiteForex is a high-tech reliable ECN broker with a strong reputation. The broker’s clients can exploit a safe user-friendly online platform for high-speed trading available in 15 global languages and providing access to a great deal of in-built tools for price chart analysis.

Where is LiteForex based?

LiteForex established global expansion through its offices in Cyprus and an international one based in the Marshall Islands.

How old is LiteForex?

LiteForex has a long operating history of 17 years. According to the company’s LinkedIn page, the global entity is based in the Marshall Islands and has 51-200 employees.

What is classic account in forex?

Classic Account This account is ideal for clients who want to trade with zero additional commission and only an all-inclusive spread starting from 1.5 pips. With a minimum initial deposit of 50$, the classic account is accessible for beginners that will trade with no restriction.

Which country is LiteForex from?

LiteFinance Global is incorporated in St. Vincent & the Grenadines. The European entity of LiteForex is headquartered in Limassol, Cyprus, and is regulated by the Cyprus Securities and Exchange Commission (CySEC).

What is ECN account in Liteforex?

Forex ECN trading account is for professional experienced traders as well as investors and traders who wish to use the Social Trading service. This type of account offers the highest annual percent accrued on unused funds, and access to deep liquidity with low floating spreads.

How do I open a Liteforex account?

Open Demo Account

  1. If you are an existing client please login to your existing myHF area to open a new Demo Account.
  2. If you are a a New Client please first register a myHF account for access to the myHF area where you can then open a new Demo Account.

What is the minimum deposit for XM?

Minimum deposit amount at XM The minimum deposit at XM is $5. The minimum deposit means that you will need to transfer this amount to your brokerage account from your bank account to start trading.

What is the best leverage for $100 account?

The best leverage for $100 forex account is 1:100. Many professional traders also recommend this leverage ratio. If your leverage is 1:100, it means for every $1, your broker gives you $100. So if your trading balance is $100, you can trade $10,000 ($100*100).

What is the minimum deposit for Metatrader 5?

The MT5 Standard Account only requires a minimum deposit of 1 USD but provides access to the full range of Exness assets, including crypto trading and indices.