LiteForex Commission or Brokerage Charges – Review, Plans, FAQs & more
Check out al details about Liteforex Commission or Brokerage Plans here.
LiteForex commenced operations in 2008 FROM Cyprus, regulated by CySEC. As a leading online broker of international repute, LiteForex has attracted over 500,000 clients.
The Forex and CFD broker offers assets like indices and shares, commodities, and cryptocurrencies.
Trade online via the WebTrader interface or opt for MetaTrader 4 and MetaTrader 5 platforms.
In addition, mobile apps cater to both android and iOS systems.
User-friendly with a simple account opening process, LiteForex enables the use of chart types like line, candlestick, and bars.
MT5 offers additional features like an economic calendar and 21 timeframes. Regarding the LiteForex Commission in the 2 account types, ECN takes commissions.
The classic account follows spreads. The Brokerage is generally low.
LiteForex Commission or Brokerage Charges
LiteForex Commission Charges center around:
- Affordable pricing
- Easy account funding
- Superior trading market analysis
- Education for traders
Forex attracts big investments
ECN account currencies are USD, EUR, GBP, and PLN. Starting spreads are 2 pips.
Decimal pricing goes up to 5. The minimum lot size per trade is 0.1 and the maximum is 100.
Swap/rollover is free with copy trading support.
Trading instruments offered are foreign exchange, commodities, indices, shares, and cryptocurrencies. No commission is charged.
Classic account currencies are similar to USD, EUR, GBP, and PLN. The minimum lot size per trade is 0.01 and the maximum is 100.
Trading instruments offered are foreign exchange, commodities, indices, shares, and cryptocurrencies. Starting spreads are 2 pips. No commission is charged.
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Types of LiteForex Commission Plans
|Types of Commission Plans|
|Spread||floating, from 0.0 points||floating, from 1.8 points|
|Commission||From 5$ per lot||No|
|Leverage||1:500 – 1:1||1:500 – 1:1|
LiteForex Commission shows a difference between ECN account and CLASSIC account.
LiteForex Charges in the ECN account commence from $5 per lot.
The minimum lot is 0.01, the maximum lot is 100.
You need to deposit an initial opening deposit of $50.
Spreads float from 0.0 points.
Leverage extends from 1:500 – 1:1. LiteForex works on MT4 and MT5 software and follows market execution.
USD, EUR, and MBT refer to the account base currencies. The rate per annum followed is 2.5%. Open an Islamic account if required.
Gain access to negative balance protection and social trading facilities. Avail of unlimited orders with no extreme limit.
Account base currencies are USD, EUR, and MBT. Rate per annum amounts to 2.5%.
Negative balance protection, social trading, and Islamic accounts are available.
The maximum number of orders is unlimited.
The LiteForex Charges for the classic account is nil commissions.
Traders need not pay any commission charges in this type of account.
On the other hand, floating spread commences from 1.8 points and differs according to the asset being traded. Classic account gets income from spreads and no commissions.
The initial opening deposit remains the same for both accounts at $50. Leverage varies between 1:500 and 1:1.
Types of LiteForex Trading Account
LiteForex Trading Account follows the Electronic Communication Network (ECN) Trading Desk Type with a minimum opening deposit of $50.
The maximum leverage amounts to 1:30. Mini accounts and premium accounts are not available.
A free Demo or training account with no risk is offered but without any virtual money.
The maximum leverage offered is 1:30. Segregated accounts and Institutional accounts are not offered. A managed account is available.
The Classic account is similar to the opening deposit but does not charge commissions for LiteForex Brokerage and only charges spread.
ECN account charges commissions from $5 per lot.
LiteForex Trading Account suits both novices and professional traders with ample experience.
Scalping, daily and weekly trading is possible. Avail swing trading too.
- Forex trading assets include major and minor pairs along with exotic currency pairs.
- Gold and Oil trading offer mighty opportunities.
- CFD trading includes major global indices like US30 (Dow Jones).
- Cryptocurrency trading includes pairs and Bitcoin provides a change from the traditional systems.
- Traders decide about the preferred leverage which is available till 1:500.
LiteForex offers 2 types of trading accounts.
They are ECN and Classic accounts.
ECN or Electronic Communications Network account charges commissions for LiteForex Brokerage.
ECN accounts are meant for experienced professional traders.
Classic accounts for new traders do not charge a commission but follow the system of spreads and get incomes from spread charges.
LiteForex Fees depend upon spreads.
A demo account serves as an introduction and learning tool for beginners without any financial risk. The demo account is free of charge but does not offer virtual currency.
The most popular professional trading account ECN requires a minimum deposit of $50. Using ECN technology, you receive 2.5% per annum in your account.
Enjoy increased precision of quotes along with market execution of orders without requotes. There are no stop and limit levels. Swing trading and scalping are allowed.
Without any conflicts of interest, trades get delivered directly to liquidity providers.
The social trading facility exists and the leverage level is 1:500 with unlimited duration of transactions.
LiteForex Account Opening Process
Opening a live trading account requires the registration of a trader profile to start a trading account that enables investing real money. A demo account does not serve the purpose.
You need to register a personal profile that requires certain details which are followed by 2 types of verification by means of uploaded documents.
After successful registration, a trading account gets automatically created. it is time to deposit the initial opening amount through one of the methods of deposits.
Entering personal details
Great care is required while entering information in this official legal document. Traders belong to 28 countries and big money transactions are involved.
The possibility of fraud exists. Besides, don’t forget that trading always faces the risk of losing money.
All details entered like names and dates need to tally perfectly with the government-issued documents that are offered as proof of legitimacy.
What details do you need to enter?
Name, date of birth, educational qualifications, occupation, banking details, nationality, identity proof, and address proof.
Submission of 2 uploaded soft copies in support of identity and residence confirms most of the details entered.
Identity proof confirmed usually by passport or driving license but also other government-issued documents must show a clear picture of the applicant.
The proof of residence is usually utility bills like water and electricity bills within 3 months old.
A bank statement and credit card statement with the name and address would also suffice.
LiteForex Payment or Withdrawal Methods
|Deposit Options||Credit Card, Cryptocurrencies, Neteller, Skrill, Wire Transfer|
|Withdrawal Options||Credit Card, Cryptocurrencies, Neteller, Skrill, Wire Transfer|
Since LiteForex traders come from as many as 28 countries that include many European nations, a variety of deposit and withdrawal options are necessary.
Deposit options are several like Credit Cards and Cryptocurrencies, Neteller, Skrill, and Wire Transfer.
Withdrawal options are quite similar to Credit Cards and Cryptocurrencies, Neteller, Skrill, and Wire Transfer.
Credit cards are most convenient for deposits and withdrawals since a great majority of citizens of any country possess one or more credit cards, at least in Europe.
Every bank issues credit cards that facilitate international transactions across borders, the most convenient way of cashless commerce.
A variety of cryptocurrencies has gradually become more and more powerful and spread across the world.
Those who wish to break away from conventional money and banking systems would be interested in the buying and selling of cryptocurrencies.
Deposits and withdrawals by means of cryptocurrencies are possible with LiteForex.
Neteller, Skrill, and Wire Transfer also enable deposits and withdrawals.
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LiteForex Investment Assets
|Supported Cryptocoins||bitcoin, bitcoin-cash, dash, ethereum, ethereum-classic, litecoin, monero, ripple, zcash|
|Total Tradable Assets||6|
|Number Of Currency Pairs||60|
|Number Of Cryptocurrencies||8|
|Number Of Stocks||11|
|Number Of Indices||11|
|Number Of Commodities||NA|
|Number Of Futures||NA|
|Number Of Options||NA|
|Number Of Bonds||NA|
|Number Of Etfs||NA|
CFD NYSE and CFD NASDAQ are high-performing trades.
Stocks in the world’s largest companies are regularly traded like IBM, Walt Disney, and American Express with CFD NYSE.
Apple, Facebook, and Google represent a few giant companies traded under CFD NASDAQ.
Widespread forex trading in pairs of currencies brings lucrative opportunities with a daily turnover of 5 trillion dollars in 2018. Forex figures among the top trading assets globally.
As a leading forex broker, LiteForex offers currency trading in pairs of currencies.
The number of currency pairs stands at 60. Besides currencies, traders can invest in the following assets:
Crypto coins refer to bitcoin, bitcoin cash, dash, ethereum, ethereum-classic, litecoin, monero, ripple, and zcash.
Metals and Oil are other high-investment assets on a global scale. Trade-in gold, silver, platinum, and palladium on the spot metals market. Trade-in Crude and Brent Oil also.
LifeForex also trades in:
- Indices numbering 11
- Stocks numbering 11.
LiteForex Commission – Conclusion
A legitimate regulated broker of vast successful experience, be convinced that money is safe with LiteForex.
The broker does not entirely depend upon the internet. If the gadgets do not work, VPS helps to manage to trade.
Launched in 2008, LiteForex has opened offices around the world.
While the EU office headquarters is located in Cyprus, some other offices function from Iran and Indonesia and Vietnam, Nigeria, Nicaragua, and India.
LiteForex claims that they open 300 new accounts every day and have a total clientele of 500,000.
The LiteForex website works in 15 languages with an awesome customer support system.
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LiteForex Charges or Fees – FAQs
Here is the list of FAQs related to the LiteForex Brokerage Charges or Fees:
Do LiteForex charge commission?
LiteForex Charges differ across the 2 types of accounts, ECN account, and Classic account. ECN account charges a commission of $5 per lot.
Classic accounts do not charge commissions but charges spread. Classic account spreads are floating from 1.8 points.
Both accounts offer the same leverage of 1:500 – 1:1. Both accounts have a minimum opening deposit of $50.
How much does LiteForexcharge brokerage?
Forex trading offers many benefits like no exchange fees and no transaction fees.
LiteForex Commission with regard to forex through spreads may charge floating or fixed spreads.
Swap is the commission fee for holding a position overnight. In ECN accounts, each traded lot is charged a commission. The minimum commission charge is $5 per lot.
What is the Minimum Deposit required in LiteForex?
Primarily offering 2 types of trading accounts, ECN account, and Classic accounts, a trader profile needs to be set up initially.
A free demo account offers practice trading. Verification of 2 uploaded documents testifies to identity and residence details.
The minimum opening deposit that is compulsory for both accounts stands at $50.
How much leverage does LiteForex provide?
Leverage resembles a loan without interest given by the broker.
A 1:1 leverage indicates that the trader uses their own funds.
A 1:1000 leverage means that the trader uses a thousand times own funds.
In both the accounts, ECN and Classic, LiteForex offers similar leverage.
The extent of leverage is a maximum of 1:500. The minimum is 1:1.
How much is Spread at LiteForex?
LiteForex Brokerage requires payments and spreads are payments for trading services of buying and selling.
Spread in forex is the difference between the buying price and the selling price of the asset.
A fixed spread does not depend on market factors.
The popular floating spread changes in value.
ECN has a floating spread from 0.0 points. Classic has a floating spread starting from 1.8 points.
What types of Commission Plans are available in LiteForex?
Commissions are charged by brokers for services in different ways.
LiteForex Commission is quite low and that makes it attractive to traders who will gain higher profits.
ECN account charges a minimum commission of $5 per lot.
Classic account does not charge a commission but gets income from spreads. ECN does not charge for spreads.
Does LiteForex provide Cryptocurrency for Investment?
The global cryptocurrency trade has been flourishing and reaching epic proportions.
Investors who wish to make a change from conventional trading opt for Cryptocurrency trading.
LiteForex offers trading investments in several cryptocurrencies. Bitcoin and Bitcoin Cash, Dashcoin, Ethereum, Ethereum Classic, and LiteCoin, Monero, Ripple, and Zcash are the choices. Trading takes place in pairs.
Is LiteForex a legit Forex Broker?
Absolutely no doubt exists that LiteForex deserves to be trusted as an authentic broker. A regulatory body based in Cyprus vouches for its legitimacy.
Further, they have delivered superior services since 2008 and gathered a lot of praise.
Naturally, traders are anxious since trading involves money and losses are frequent.
Can I invest in LiteForex for $5?
LiteForex Fees and commissions differ according to the type of account.
Live trading accounts of 2 types are the ECN accounts and Classic accounts.
The trading training or Demo account is not charged.
In both the ECN account and Classic account, traders need to deposit an initial amount of $50.
Are there any hidden charges available with LiteForex?
A truly globally accomplished broker that offers super opportunities for trading, LiteForex enables trade not only in forex but in a wide variety of assets.
Trading fees being generally light, LiteForex does not exploit traders or charge any surprise fees.
The broker presents a well-organized infrastructure with strong customer support that has no loopholes.
Fill up the Form – Open Forex Trading Account Now!
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