Liteforex broker review
LiteForex was set up in 2005 and offers excellent conditions for trading in the Forex trading market. A broker is perfect for traders with several levels of experience, based on Liteforex Review, and for beginners as well as for the professionals. Recently, more than twenty four thousand traders, 300 new trading accounts and over 700,000 orders get closed every month. LiteForex is regarded as a popular broker these days.
LiteForex is a popular forex broker providing innovative trading technologies for the beginners in the field of trading. They have been involved in the field of conducting several online operations since the year 2004 and Straighthold Investments Group Incorporated is considered as their mother company. Collect proper information by reading the reviews about LiteForex published in the article provided below.
This technology permits a newbie to study forex in the real situation with a minimum investment. The platform for trading depends on MetaTrader 4 platform through which one can begin trading with a small amount of only $1. They accept several payment choices like the Liberty Reserve, Moneybookers, WebMoney and AlertPay. LiteForex provides demo account which will assist you to test your own knowledge in the actual forex trading environment. You will attain enough option for trading several accounts in LiteForex for finding one that actually suits you.
Types of Account and Conditions for Trading
According to LiteForex, there are 3 kinds of trading accounts. These are:
• LiteForex Accounts: These types of accounts are perfect for beginners and also for those traders who want to test the strategies. For this account the minimum requirement of deposit is nearly $1. All the transactions in the Lite account take place in US cents, therefore one can trade with a margin rate of about 1% at a leverage of nearly one is to hundred or with the rate of margin of about 0.5% at a leverage of nearly 1:200. Most of the spreads are low as two pips.
100KLite and MiniLite accounts in the LiteForex are mainly designed for the beginners. A minimum deposit needed for this account is about $1 USD as far as minilite is concerned and its 50 dollars for 100 Lite. A range of leverage ranges from nearly 1:50 to about 1:500 based on the type of account you select. Reading the reviews about LiteForex mentioned above will give you all correct information about the perfect brokers.
• Real Forex Accounts: These types of accounts are perfect for the professional’s traders who have several years of experience. In such accounts, the maximum amount of leverage is recorded as 1:500 and as far as spreads are concerned they are les as two pips.
• A Floating Spread account: This particular option is meant for traders who want to trade with a varying spread value. You can execute transactions on such types of accounts by utilizing any kind of trading devices. In these accounts, quotes are offered with raised 5-digit accuracy. In this account, spreads begin from three pips. No commission is charged for carrying the trades.
Whatever type of account you choose, placing an order hires instant execution technology which signifies that there is no need to place any request for quotes before you make an entry into the market. You need to only open and then close the positions at the cost that is displayed on the screen.
LiteForex provides eighty three different instruments of trading including spot silver, eight indexes and spot gold. The broker offers the most popular platform of trading named as MetaTrader 4.
Withdrawals and deposits can be easily processed by using several methods. Some of them are Liberty Reserve, Webmoney, OK Pay, Moneybookers, Perfect Money, Alertpay and Wire Transfer. The financial department processes the withdrawal request manually.
The transfer can be completed in three days, if requested to do so.
LiteForex also provides a master card. This card offers its owner several benefits. One can use it in the form of regular debit card, but it does not demand joining an account in the bank and thus credit checking is very necessary. One can also make payments in over hundred nations in the whole world with this card. Some of the popular benefits offered by this card are:
• Credit checks and credit history is not needed
• There will be no negative balance
• Transactions are limited to $12000 every week
• There is no limitation on yearly balance
• Has the capability to transfer money instantly, for instance to friends, relatives or other staffs.
LF boom: One can attain two hundred dollars
• Register for the promotion of LF boom and attain a deposit of $200 in the trading account in the form of an added bonus. The promotion of LF boom begins from 17th May and is valid up to 6th July in the year 2011.
• 30% bonus
Make initial deposit within one day of registration and get 30% as bonus
• Deposit bonus of 15%
Every time one makes a deposit, one will get a 15% bonus transferred automatically to their trading account
Support and Language
LiteForex is found in several languages like Russian, English, Malaysian, Chinese, Brazilian, German, French and Turkish. With a professional customer support, the traders can trade 24 hours in a day and for 5 days in a week.