LiteForex Review 2024: Read Before You Trade | FXEmpire - FX Empire

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LiteForex Registration

The features of each account are broken down in the table below.

Demo Accounts

LiteForex offers demo accounts for the web-based platform, mobile app and MetaTrader desktop platform. Demo accounts are beneficial for beginners as they allow them to practice their strategies and get comfortable with the trading platform without risking any real money.

The demo account features live quotes and simulates live market conditions in assets such as forex and CFDs on commodities and indices. Once users have gotten up to speed on a demo account, they can easily switch to a live version.

Islamic Accounts

LiteForex offers a swap-free Islamic account that adheres to the principles of Sharia law.

Leverage

One of the reasons traders are attracted to the forex and CFD markets is the high degree of available leverage. Leverage is the use of borrowed funds to increase the size of your trading positions beyond what would be possible using only the cash in your account.

With a Classic Account at LiteForex Europe, the maximum leverage is 1:30. This means that with an account of €1,000, you can control up to €30,000 worth of positions in the market. The offshore entity provides leverage of 1:500, and 1:1000 is available by request.

Leverage is often described as a 'double-edged sword' as it can hurt you as much as it helps you. Traders must remember that it can amplify both their profits and their losses.

Supported Countries

Liteforex Europe Limited provides services only to the residents of countries from the European Economic Area (EEA), United Arab Emirates, and the Marshall Islands. LiteFinance Global LLC accepts clients from most countries but does not provide service to residents of EEA countries, USA, Israel, Russia, Japan, and some other countries.

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