The best forex broker for Iranians and comparison of forex brokers

Traders also get 16 cryptocurrency pairs, but only six commodities, placing them near the bottom in this category. Completing the available markets are 47 equity CFDs and nine index CFDs. limefx presents clients with 84 currency pairs, placing it in the Top 20, but only eight cryptocurrencies. Traders also have access to 33 commodities, 18 index CFDs, and 220+ equity CFDs. While LiteForex maintains an asset selection suitable for beginner traders, limefx also caters to more advanced needs. The MetaTrader platforms feature fully customizable user interfaces as well as watch lists, market news integrations, advanced order windows, a sophisticated charting package and more.

A report focused on Ichimoku indicators is released multiple times daily for purely technical traders. These reports include concrete buy and sell signals with take profit and stop-loss levels. An index is a basket of trading instruments used to gauge https://limefx.name/ a market sector, stocks within an exchange, or a country’s economy. This feature allows traders to be updated when an instrument reaches a specific price level. Alerts can be delivered via audio, email, or push notification to a mobile device.

Account types

Besides having the client as the main focus of the company, LiteForex broker is also using one of the best platforms for trading on Forex market. The platform that this Forex broker is using is the one used by many other Forex brokers and that MetaTrade or MT 4 platform. However, LiteForex does not stop there because this Forex is also providing their clients also with the MT 5 platform for Forex brokers. Besides these platforms, LiteForex also uses the web-based basic platform which is more often used for monitoring the positions rather than conducting the complex and less complex analytics.

For unblock bank account with your money we need to provide documents about source of money and tax payments. I guarantee that all my transaction was made under conditions and terms, and every holding time period was from a few hours to a few days without any platform loopholes. It’s not ethical that our profit is not given because the profit we gain by predicting correct market direction is all under regulations. It is highest commissions i ever saw , 10$ per lot for majors and 20$ per lot for minors!!!! There are so many brokers providing much tighter spreads with half or less commissions.

Brokers By Licenses

I am testing LiteForex and first of all i would like to have more payment systems for deposit and withdrawal. Speaking about positive sides I would like to say that trading process is comfortable and withdrawal is fast. Their services good more than enough, I was prepared for the worst but was surprised. I hope that their service and platform will be better in future or at the same level as now. I can say that this broker is the golden mean when choosing a broker.

Instead the customer support is available for clients form Monday to Friday from 9 a.m. The customer support service can be reached by phone, e-mail, chat and on social networks such as Facebook and Twitter. LiteForex broker is providing their clients with many different options when it comes to the deposit, withdrawal and payment methods.

LiteForex General Information

Trading recommendations are based on technical indicators such as moving averages, MACD, Bollinger Bands, Ichimoku, and Stochastics. Signals can be filtered by seven time frames ranging from one minute to one day. In order to achieve your trading goals, you need to choose the right account.

• CTrader is a platform specifically designed for high-speed execution through which traders can trade global markets.
• However, the broker is not safe for trading in the United States, Israel, and Japan.
• The customer support service can be reached by phone, e-mail, chat and on social networks such as Facebook and Twitter.
• LiteForex offers an average number of trading tools compared to other similar brokers.
• Online payment gateways and wallets such as Skrill, Neteller, CentrePay, and WebMoney are also available to deposit money instantly.
• Developed in 2005 and 2010 respectively, these systems have become the leading platforms for online forex and CFD trading.

We are committed to the fair handling of reviews and posts regardless of such relations. LiteForex is registered in Marshall Islands, it is currently not regulated by any regulatory authority. When i told about the money they told me that it will not be transferred to me.. Please note that 100% bonus can be used as additional margin only and cannot be used in a drawdown. And i asked ‘please do you have different rules for different occasions or was i just targeted??

The Demo Account

I am a trader in Forex since 2011 and during this time i have worked with 22 to 23 brokers. I requested a withdrawal on February 17th and still hasn’t been processed. When I contact their customer support all they keep saying is to be patient and that they have to check. LiteForex offers four base currencies, which is limited compared to other similar brokers. Overall, the account opening process at LiteForex is similar to other international brokers.

• All the LiteForex trading accounts correspond to different web servers, making it impossible to switch the account type after its opening.
• The online ECN broker LiteForex has been providing its clients access to Tier 1 liquidity in the currency, commodity, and stock market since 2005.
• Partnering with credible banks to aid in the storage of such funds.

The popular MetaTrader platform is also available for desktop trading. As a non-dealing desk , Straight Through Processing broker, client orders are routed directly from LiteForex to liquidity providers. LiteFinance Global is incorporated in St. Vincent & the Grenadines.

Trading Platform

Trading in CFDs carry a high level of risk thus may not be appropriate for all investors. Gain on the accounts were reduced by the portion of the bonus provided originally. Margin Call – a message from a dealing centre to a trader saying that it is necessary to increase funds on marginal account. Funds withdrawal is carried out within the period set individually for each payment system, from 1 to 3 working days.

CFD traders can reach them through different channels like email, Skype or by phone. Their Sydney response time is within 15 minutes based limefx reviews on our enquiries with the most complex issues solved within a day. Live chat customer service is also offered by the CFD provider.

Costs

Moreover, there are a vast number of payment methods that allow customers to proceed with account funding, while some of them including fees and another are free of charge. Also, money transfers to or from the account also depending on your residency and its applicable policies, in addition to entity rules of LiteForex that apply. Some of them are daily analysis, account management, pending orders, nine-time frames, drawing tools, and many more. Further, the users’ money is also kept in different segregated accounts in top banks. The broker also abides by the Anti Money Laundering policy, which requires all its consumers to verify their identity. If you have any previous experience with LiteForex, please share it in the reviews section below.

• LiteForex provides their traders with a variety of deposit and withdrawal methods for convenient Forex trading.
• A leader in the world of charting, TradingView features over 100 indicators, 50 drawing tools, 9 time frames, and 11 chart types.
• The MetaTrader 4 desktop platform is one of the world’s most feature-rich and popular trading platforms.
• This chart describes all the categories we evaluated and rated.
• Competitive research is available, but the pricing environment is high.
• One of the reasons traders are attracted to the forex and CFD markets is the high degree of available leverage.

Always check the broker’s regulations, know how financially secure the firm is, and find out whether the broker is transparent and reliable. These factors, calculated into our score, will help you understand if your money is safe. Listings that appear on this page and/or on this website are of products / companies / services from which this website may receive compensation. This may impact how, where and which products / companies / services we review and write about. This page may not include all available products, all companies or all services.