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Do you want to know which is the better broker between PU Prime and LiteForex ?
In the table below, you can compare the features of PU Prime , LiteForex side by side to determine the best fit for your needs.
EURUSD: -0.1
XAUUSD: 2.7
Long: -169.4
Short: 103.95
EURUSD: 0.8
XAUUSD: 1.3
Long: -8.4
Short: 1.2
Long: -38.38
Short: 10.25
You can determine the reliability and credibility of a broker by checking four factors:
1.Forex broker introduction。
2.Are the transaction costs and expenses of pacific-union, liteforex lower?
3.Which broker is safer?
4.Which broker provides better trading platform?
Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:
Feature | Detail |
Registered Country/Region | Australia |
Found | 2019 |
Regulation | Regulated by CYSEC and FSA |
Market Instrument | Forex, Indices, Metals, Commodities, Shares, Cryptocurrencies, ETFs, and Bonds |
Account Type | Standard, Pro, Islamic, Cent and Prime |
Demo Account | Yes ($100,000 virtual capital) |
Maximum Leverage | 1:1000 |
Spread | Vary on the account type |
Commission | Vary on the account type |
Trading Platform | MT4, MT5, WebTrader, or the PU Prime App |
Minimum Deposit | $20 |
Deposit & Withdrawal Method | Bank Transfer, MasterCard, VISA, Neteller, Skrill, BTC/USDT, AliPay, FasaPAY, UnionPay |
Educational Resources | Webinars, eBooks, Video tutorials |
Trading Tools | Autochartist, Economic Calendar |
Negative balance protection | Yes |
PU Prime is a forex and CFD broker that was founded in 2016 and is based in Australia. The broker offers a wide variety of trading instruments, including Forex, Indices, Commodities, Cryptocurrencies, Metals, Shares, Bonds, ETFs. PU Prime provides five different account types to cater to the diverse trading needs of its clients. These account types include Cent, Standard, Prime, Pro, Islamic, with each account offering different features and benefits such as minimum deposit requirements, spreads, and leverage.
Leverage offered by PU Prime varies depending on the trading account chosen by the trader, ranging from 1:500 to 1:1000. The minimum deposit required to open an cent account with PU Prime is $20.
Spreads offered by PU Prime are competitive and vary depending on the account type and the instrument being traded. PU Prime offers both the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms to its clients, which is known for its user-friendly interface and advanced trading tools.
PU Prime offers a range of options for traders to get in touch with their support team, including phone, email, and live chat. Besides, they also provide educational resources and trading tools.
PU Prime Limited is regulated by the Seychelles Financial Services Authority under a Retail Forex License. The license number is SD050. PU Prime Limited operates as an offshore regulated entity.
Additionally, PU PRIME (PTY) LTD is regulated by the Financial Sector Conduct Authority, while the regulatory status is exceeded regulation. The license number is 52218, and the effective date is 2022-03-11.
PU Prime offers several advantages for traders, including a wide range of tradable instruments, low spreads, high leverage, and user-friendly trading platforms. Additionally, PU Prime provides excellent customer support, educational resources, and a variety of account types to cater to different traders' needs. However, there are some potential downsides to consider as well. PU Prime charges high non-trading fees, which may be a deterrent for some traders. Additionally, the broker's minimum deposit requirements for some account types may be higher than what some traders are comfortable with.
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PU Prime offers a diverse range of market instruments, including popular currency pairs like EUR/USD, GBP/USD, and USD/JPY, as well as minor and exotic pairs.
In addition to forex, PU Prime also provides access to a variety of indices, such as the S&P 500, FTSE 100, and NASDAQ, allowing traders to diversify their portfolios and take advantage of global market movements. Commodity trading is also available with PU Prime, featuring popular options such as gold, silver, crude oil, and natural gas.
Cryptocurrency enthusiasts can trade popular digital assets such as Bitcoin, Ethereum, Litecoin, and Ripple. PU Prime also offers metal trading, allowing clients to trade silver and gold, as well as stock trading, including a variety of shares from top companies such as Amazon, Apple, and Microsoft.
Furthermore, PU Prime provides bond trading and access to exchange-traded funds (ETFs) to offer even more investment opportunities.
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PU Prime offers five different account types to cater to the diverse trading needs of its clients. The account types include Cent, Standard, Prime, Pro, and Islamic.
The Cent account is designed for beginner traders who want to start trading in small amounts. This account type has a minimum deposit requirement of just $20 and offers fixed spreads, making it an ideal choice for those who are new to trading.
The Pro account seems to be designed for traders who are just starting out in forex trading. This account type requires a minimum deposit of $50 and offers spreads from 1.3 pips.
The Standard account is the most popular account type and is suitable for most traders. It requires a minimum deposit of $50 and offers variable spreads. Traders can access a wide range of trading instruments, including forex, indices, commodities, and cryptocurrencies.
The Prime account is designed for advanced traders who require fast execution speeds and tight spreads. This account type requires a minimum deposit of $1,000 and offers ECN spreads starting from 0 pips. Traders can access a wide range of trading instruments, including forex, indices, commodities, and cryptocurrencies.
The Islamic account is designed for clients who require Sharia-compliant trading solutions. This account type offers swap-free trading and is available to clients of all levels.
Other account features include
Expert Advisors (EA) trading tool
Negative balance protection
Autochartist
Trading signals
Daily news update
Market analysis (daily live-broadcast)
Economic calendar
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To open an account with this broker, you need to first visit their website and click on the “Live Account” button.
You will be required to fill out a registration form with your personal information, such as your name, email address, and phone number.
After completing the registration form, you will need to verify your identity by submitting some form of identification, such as a passport or driver's license. You may also be required to submit proof of address, such as a utility bill or bank statement.
Once your account is verified, you can proceed to make a deposit. The minimum deposit amount varies depending on the type of account you have selected. You can make a deposit using various payment methods such as bank transfer, credit/debit cards, and electronic payment systems.
Once your deposit has been processed, you can start trading using the trading platform provided by the broker. You may also be required to complete some additional steps such as setting up your trading account and configuring your account settings before you can start trading.
PU Prime offers leverage of up to 1:500, which is a relatively high leverage compared to other brokers in the industry. The high leverage can be beneficial for traders who want to take larger positions with a smaller capital investment. However, it is important to note that high leverage also comes with high risk, as losses can exceed the initial investment. Therefore, traders should exercise caution and ensure they fully understand the risks involved before using high leverage. PU Prime also offers the option for traders to choose lower leverage levels based on their preference and risk tolerance.
Spreads and commissions, also known as trading fees, are the costs that traders incur when opening and closing positions on the market. PU Prime offers variable spreads starting from as low as 1.3 pips for its Cent, Standard, Pro and Prime account types. Additionally, this broker offers a zero-commissions trading environment on its Cent, Prime and Pro accounts. Islamic and Prime accounts charge a commission of $3.5 per lot per side.
Non-trading fees are the fees that brokers may charge their clients for services not directly related to trading, such as deposits, withdrawals, account inactivity, and currency conversion. Here is an overview of the non-trading fees of PU Prime:
Deposits: PU Prime does not charge any fees for deposits made through bank transfers, credit/debit cards, or e-wallets. However, clients should check with their payment providers for any fees they may charge.
Withdrawals: PU Prime does not charge any fees for withdrawals made through bank transfers or e-wallets. However, for withdrawals made through credit/debit cards, the broker charges a fee of 2% of the withdrawal amount, with a minimum of $5 and a maximum of $30.
Account Inactivity: If a client's account remains inactive for a period of 180 days, PU Prime will charge an inactivity fee of $15 per month until the account is reactivated or the balance is reduced to zero.
Currency Conversion: PU Prime charges a fee of 2% for currency conversions on deposits or withdrawals made in a currency different from the account's base currency.
PU Prime offers two of the most popular trading platforms in the industry, MT4 and MT5. Both platforms are available for desktop and mobile devices and come with advanced charting tools, technical indicators, and a wide range of customization options. Traders can also use Expert Advisors (EAs) and algorithmic trading strategies through these platforms.
MT4 is known for its stability, security, and user-friendly interface. It has a wide range of features that make it an ideal choice for both novice and experienced traders. On the other hand, MT5 is the newer version of the platform that comes with additional features and tools, including an economic calendar, more technical indicators, and a built-in strategy tester.
Here is a table format for the comparison of trading platforms between PU Prime and other brokers:
Broker | Trading Platforms |
PU Prime | MT4, MT5 |
FBS | MT4, MT5 |
Legacy FX | MT4, Sirix |
IC Markets | MT4, MT5, cTrader |
FP Markets | MT4, MT5, IRESS, WebTrader |
PU Prime offers the Autochartist tool to its clients, which is a powerful technical analysis tool that scans the market for trading opportunities based on chart patterns, Fibonacci patterns, and key levels. Autochartist also provides traders with an estimated probability of success for each opportunity and can be accessed through the MT4 and MT5 platforms.
Traders can use the Autochartist tool to identify trading opportunities and set up automated trading strategies based on their analysis. This tool can also be used to set up price alerts and receive notifications when a specific trading opportunity presents itself.
PU Prime offers a variety of deposit and withdrawal methods to its clients. The available methods include bank wire transfer, credit/debit cards (Visa and Mastercard), electronic payment systems (Skrill, Neteller, Fasapay, Sticpay, Bitwallet, America Express, VLoad, AstroPay, and more), and local payment methods. PU Prime does not charge any deposit fees, and the minimum deposit amount varies depending on the account type, starting from $10 for the Cent account.
Withdrawals are typically processed within 24 hours, and there are no withdrawal fees for most of the methods. However, some third-party payment providers may charge a fee, which will be deducted from the client's account balance. PU Prime requires clients to withdraw funds using the same payment method that was used for depositing, up to the deposited amount. If the withdrawal amount exceeds the deposited amount, clients can choose a different withdrawal method. PU Prime also reserves the right to request additional documentation to verify the client's identity and protect against fraud.
PU Prime provides customer support through multiple channels, including phone, email, and live chat. The customer support team is available 24/5, from Monday to Friday. They are responsive and knowledgeable, and can assist with various account-related inquiries such as account opening, funding, and technical issues with the trading platform. In addition, the broker has a comprehensive FAQ section on its website that covers a wide range of topics, including account types, trading instruments, trading platforms, funding, and more. Overall, PU Prime's customer support is considered to be of high quality, and the broker is dedicated to providing its clients with exceptional trading experience.
PU Prime offers a variety of educational resources for its traders. These resources include video tutorials, a blog, e-books, and a glossary. The video tutorials cover a wide range of topics, including basic trading concepts, technical analysis, and strategies for trading different financial instruments. The blog provides traders with up-to-date market news, analysis, and commentary. The e-books are designed to provide in-depth knowledge on specific trading topics, such as chart patterns and trading psychology. The glossary is a comprehensive reference tool that defines key terms and concepts used in trading.
Overall, PU Prime is a well-regulated Australian broker that offers a wide range of trading instruments, competitive spreads, and multiple account types to cater to the needs of different traders. The broker's MetaTrader 4 and 5 platforms are user-friendly and customizable, and the availability of Autochartist is a valuable addition to technical analysis. The educational resources provided by the broker are extensive, providing valuable information for both new and experienced traders.
However, there are also some drawbacks to consider. The minimum deposit required to open some account with PU Prime is relatively high, and the broker's non-trading fees can be quite steep. Additionally, the broker does not offer any bonuses or promotions to its clients, which may be a disadvantage for traders looking for incentives to trade.
Broker | Founded Year | Regulation | Minimum Deposit | Spreads and Commissions | Instruments | Trading Platforms | Funding Methods |
PU Prime | 2016 | CySEC, FSA | $20 | Variable spreads from 0.0 pips | Forex, Indices, Commodities, Cryptocurrencies, Metals, Shares, Bonds, ETFs | MT4, MT5 | Bank wire, Credit/debit card, Skrill, Neteller, Fasapay, Sticpay, Bitwallet, America Express, VLoad, AstroPay, and more |
AvaTrade | 2006 | ASIC, Central Bank of Ireland, FSCA, FSA, FSC, BVIFSC | $100 | Variable spreads from 0.9 pips | Forex, Indices, Commodities, Cryptocurrencies, Stocks, ETFs, Bonds | MT4, MT5, AvaTradeGO, AvaOptions | Credit/debit card, Bank transfer, PayPal, Skrill, Neteller, WebMoney |
XM | 2009 | ASIC, CySEC, IFSC | $5 | Variable spreads from 0.0 pips | Forex, Indices, Commodities, Cryptocurrencies, Metals, Stocks, Energies | MT4, MT5 | Credit/debit card, Bank wire transfer, Skrill, Neteller, WebMoney, and more |
Pepperstone | 2010 | ASIC, FCA, DFSA, SCB | $200 | Variable spreads from 0.0 pips | Forex, Indices, Commodities, Cryptocurrencies, Stocks | MT4, MT5, cTrader | Credit/debit card, PayPal, POLi, Bank transfer, Neteller, Skrill |
IG | 1974 | ASIC, FCA | $0 | Variable spreads from 0.6 pips | Forex, Indices, Commodities, Cryptocurrencies, Stocks, Bonds | MT4, IG Web Platform, L2 Dealer, ProRealTime, APIs | Credit/debit card, Bank transfer, PayPal, BPAY |
Question: Is PU Prime a regulated broker?
Answer: Yes, PU Prime is regulated by both CySEC and FSA.
Question: What trading instruments does PU Prime offer?
Answer: PU Prime offers a range of trading instruments, including forex, indices, commodities, cryptocurrencies, metals, shares, bonds, and ETFs.
Question: What account types are available at PU Prime?
Answer: PU Prime offers several account types, including Cent, Standard, Prime, Pro, and Islamic.
Question: What is the minimum deposit required to open an account with PU Prime?
Answer: The minimum deposit required to open an account with PU Prime varies depending on the account type chosen. The Cent account has a minimum deposit of $20, while the Prime account has a minimum deposit of $1,000.
Question: What is the maximum leverage offered by PU Prime?
Answer: PU Prime offers a maximum leverage of 1:000.
Question: What trading platforms are available at PU Prime?
Answer: PU Prime offers both the MT4 and MT5 trading platforms.
Question: What deposit and withdrawal methods are available at PU Prime?
Answer: PU Prime offers a range of deposit and withdrawal methods, including bank wire, credit/debit card, Skrill, Neteller, Fasapay, Sticpay, Bitwallet, America Express, VLoad, AstroPay, and more.
Question: Does PU Prime offer educational resources for traders?
Answer: Yes, PU Prime provides educational resources such as video tutorials, a blog, e-books, and a glossary.
Question: What is Autochartist and does PU Prime offer it?
Answer: Autochartist is a tool that helps traders analyze market data and identify potential trading opportunities. PU Prime offers Autochartist to its clients.
Registered in | Cyprus |
Regulated by | CYSEC |
Year(s) of establishment | 10-15 years |
Trading instruments | Currency pairs, indices, metals, energy |
Minimum Initial Deposit | $50 |
Maximum Leverage | 1:30 |
Minimum spread | 0.0 pips onwards |
Trading platform | MT4, MT5 |
Deposit and withdrawal method | Bank wire transfer, credit card, skrill, neteller, etcetera |
Customer Service | Email/phone number/address/live chat |
Fraud Complaints Exposure | Yes |
It is important to note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
In this review, if there is a conflict between the image and the text content, the text content should prevail. However, we recommend that you open the official website for further consultation.
Pros:
Wide range of tradable markets including currency pairs, indices, metals, and energy.
Competitive average spread for EURUSD at 0.5 pips.
Offers demo account for risk-free trading.
Two types of live accounts to choose from based on trading habits.
Provides various educational resources such as glossary, e-books, tutorials, and economic news.
Multiple language support for customer service.
Detailed deposit and withdrawal information with minimum amount of 10 USD and no extra fees.
Cons:
Limited information on spreads and commissions.
No information available on cryptocurrencies or stocks.
Maximum leverage of 1:30, which may not be sufficient for some traders.
No mobile trading platform available.
Limited working hours for customer service.
Advantages | Disadvantages |
No conflict of interest | Higher spreads than market makers |
Straightforward pricing | No fixed spreads |
Lower trading costs | Possible requotes during volatile markets |
No trading restrictions | Slower order execution than market makers |
LiteForex is an STP (Straight Through Processing) broker that enables its clients to have direct access to interbank markets. This type of broker passes on their client's orders directly to liquidity providers, which are typically banks, without the need for a dealing desk. As a result, STP brokers are typically known for their transparency and faster order execution. LiteForex's STP model allows clients to experience pricing that reflects current market conditions, which can result in lower trading costs. However, since LiteForex does not have fixed spreads, clients may experience wider spreads during volatile markets. Additionally, requotes may occur due to the time it takes to process orders.
LiteForex is a Cyprus-registered company that provides online trading services for forex, commodities, indices, and metals markets. It is regulated by the Cyprus Securities and Exchange Commission (CYSEC) and offers two types of live accounts: ECN and Classic. LiteForex also provides a demo account, educational resources, and customer support in multiple languages. The company allows clients to deposit and withdraw funds via electronic transfers, bank cards, and bank wire transfers with a minimum amount of 10 USD and no extra fees.
In the following article, we will analyse the characteristics of this broker in all its dimensions, providing you with easy and well-organised information. If you are interested, read on.
Advantages | Disadvantages |
Large range of trading markets available | Cryptocurrencies and stocks currently unavailable |
Suitable for both beginners and experienced traders | No information on the number of instruments offered |
Access to currency pairs, indices, metals, and energy | No information on the availability of exotic pairs |
LiteForex offers its clients a wide range of trading markets that includes currency pairs, indices, metals, and energy. This variety of instruments allows traders to find what they want to trade on the platform, whether they are beginners or experienced traders. However, it is important to note that LiteForex does not offer cryptocurrencies and stocks currently. Additionally, there is no information available on the number of instruments offered on the platform, and it is unclear if exotic currency pairs are available for trading. Overall, LiteForex's instrument dimension provides a good range of options for traders, but lacks some popular instruments like cryptocurrencies and stocks.
Advantages | Disadvantages |
Tight and variable spreads | Lack of transparency on spread and commission information |
Competitive average spread for major currency pairs | No information on commission charges |
No hidden fees or charges |
LiteForex's information on spreads and commissions is quite limited, which may make it difficult for traders to accurately assess the cost of trading with the broker. However, LiteForex does declare to have tight and variable spreads, with an average spread of 0.5 pips for EURUSD, which is a competitive level compared to other brokers in the market. The broker also does not have any hidden fees or charges, which can be seen as an advantage for traders. However, the lack of transparency on commission charges may be a disadvantage for traders who want to have a clear understanding of all the costs involved in trading with the broker.
Advantages | Disadvantages |
Demo account available to practice trading | Limited account types offered |
Two types of live accounts available to choose from based on personal preferences | Lack of clear information on spreads and commissions |
Option to choose between zero commission with higher spreads or lower spreads with $3 commission per lot |
LiteForex offers a demo account for beginners to practice trading without risking real money. For live accounts, the company provides two options: ECN and classic. The classic account has higher spreads but no commission, while the ECN account has lower spreads but a $3 commission per lot. This allows traders to choose the type of account that best fits their trading style and preferences. However, there is limited information available on spreads and commissions, which may be a disadvantage for some traders. Overall, LiteForex's account options cater to both new and experienced traders.
Advantages | Disadvantages |
MT4 and MT5 are both popular platforms | Some traders may prefer other platforms |
Well-known and trusted by traders | Limited customization options |
Easy to use and navigate | Limited charting tools and indicators |
Wide range of features and tools | Limited options for automated trading |
Ability to use expert advisors | Limited compatibility with other platforms |
Fast and reliable execution | No proprietary platform for unique features or advantages |
LiteForex offers both MT4 and MT5 trading platforms, which are widely recognized and trusted by traders in the industry. These platforms provide a user-friendly interface and a wide range of features and tools, making it easy for traders to analyze and execute trades. However, some traders may prefer other platforms, and customization options may be limited. Additionally, while MT4 and MT5 offer a variety of charting tools and indicators, these may not be as extensive as some traders require. Automated trading options are available but may be limited, and compatibility with other platforms may be an issue. Despite these potential drawbacks, MT4 and MT5 platforms are fast, reliable, and provide access to a range of trading instruments, making them a popular choice among traders.
Advantages | Disadvantages |
Allows traders to increase their trading position with a relatively small amount of capital | High leverage increases risk and potential losses |
Can lead to higher profits with successful trades | Inexperienced traders may be tempted to over-leverage their positions |
Attracts traders with smaller capital amounts | Changes in market conditions can lead to sudden losses |
Offers flexibility in trading strategies | Regulators may restrict leverage levels in certain regions |
LiteForex offers a maximum leverage of 1:30, which is a commonly seen level in the forex industry. Leverage is an important aspect of forex trading as it allows traders to open positions larger than the amount of money they have deposited, which can lead to higher profits with successful trades. However, it also increases risk and potential losses, especially for inexperienced traders who may be tempted to over-leverage their positions. While higher leverage can be attractive to traders with smaller capital amounts, changes in market conditions can lead to sudden losses. It is important to note that regulators may restrict leverage levels in certain regions. Overall, traders should carefully consider their risk tolerance and trading strategy when using leverage.
Advantages | Disadvantages |
Various payment methods available | No mention of e-wallet options |
Minimum deposit is only $10 | Limited information on withdrawal processing times |
No additional fees for deposits or withdrawals | No option for local bank transfer in some countries |
LiteForex's deposit and withdrawal process offers several advantages to traders. Firstly, the broker supports multiple payment methods, including electronic transfers, bank cards, and bank wire transfers. Secondly, the minimum deposit requirement is only $10, making it easy for beginners to get started. Lastly, there are no extra fees charged for deposits or withdrawals, which is a bonus for traders on a tight budget. However, LiteForex does not offer e-wallet options, which is a popular payment method among traders, and the information on withdrawal processing times is limited. Additionally, local bank transfer is not available in some countries.
Advantages | Disadvantages |
A wide range of educational resources such as e-books, tutorials, strategies, and traders‘ calculators are available to traders. | The educational resources may not be suitable for all levels of traders. |
Economic calendar, analytics, currencies rates and economic news are provided to help traders make informed decisions. | The educational resources may not be regularly updated, which can lead to outdated information. |
The educational resources are easily accessible and user-friendly. | The educational resources may not cover all trading aspects. |
The educational resources are available in multiple languages. | The quality of some educational resources may not be of high standards. |
LiteForex offers a comprehensive range of educational resources for traders of all levels. With glossaries, e-books, tutorials, strategies, economic calendars, analytics, traders’ calculators, currency rates, economic news, and more, LiteForex provides a wide range of resources to help traders make informed decisions. However, the quality of some educational resources may not be of high standards, and they may not be suitable for all levels of traders. Additionally, the educational resources may not be regularly updated, which can lead to outdated information. Nonetheless, the resources are easily accessible and user-friendly, and are available in multiple languages.
Advantages | Disadvantages |
Multiple language support | Limited working hours |
Multiple contact options (email and phone) | No live chat available |
Physical address provided | No 24/7 customer support |
Quick response time during working hours |
LiteForex offers a variety of customer service options to its clients, including support in multiple languages and two contact options: email and phone. However, there is no live chat available, and customer support is only available during limited working hours from 9 a.m. to 9 p.m. (GMT+2) on weekdays. Another downside is the lack of 24/7 customer support. Despite these limitations, the broker provides a physical address, which can add to clients' peace of mind. Moreover, during the working hours, the response time is quick, and clients can expect to receive a helpful response in a timely manner.
In conclusion, LiteForex is a well-established and reputable online forex and CFD broker, offering a wide range of trading instruments, educational resources, and customer support in multiple languages. With its user-friendly trading platforms, tight spreads, and low minimum deposit, it is an attractive option for both beginner and experienced traders. While its maximum leverage is relatively low compared to some other brokers, this can be seen as a positive aspect for traders who prioritize risk management. Overall, LiteForex seems to be a reliable and trustworthy choice for anyone looking to trade the financial markets. However, it is important to always do your own research and carefully consider the risks involved before making any investment decisions.
Is LiteForex a regulated forex broker?
Yes, LiteForex is a regulated forex broker registered with the Cyprus Securities and Exchange Commission (CYSEC).
What trading platforms does LiteForex offer?
LiteForex offers two popular trading platforms, MT4 and MT5, that are widely used by traders worldwide.
What financial instruments can I trade on LiteForex?
LiteForex provides access to a wide range of trading instruments, including currency pairs, indices, metals, and energy.
Does LiteForex offer a demo account?
Yes, LiteForex offers a demo account that allows you to try out the financial markets without the risk of losing money.
What are the minimum deposit and withdrawal amounts on LiteForex?
The minimum deposit and withdrawal amounts on LiteForex are both 10 USD.
What are the customer service working hours of LiteForex?
The customer service of LiteForex is available from 9 a.m. to 9 p.m. (GMT +2) on Monday to Friday.
What are the possible payment methods for deposit and withdrawal on LiteForex?
LiteForex supports various payment methods, including electronic transfers, bank cards, and bank wire transfers. There are no extra fees for deposits and withdrawals.
To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).
To get a comprehensive understanding of how cheap or expensive pacific-union and liteforex are, we first considered common fees for standard accounts. On pacific-union, the average spread for the EUR/USD currency pair is From 1.3 pips, while on liteforex the spread is from 2.0 points.
To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.
pacific-union is regulated by FSA,FSCA. liteforex is regulated by CYSEC.
When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.
pacific-union provides trading platform including Cent,ECN,Standard,Prime,Pro and trading variety including All Products. liteforex provides trading platform including CLASSIC,ECN and trading variety including --.