At the same time, the LiteFinance platform is a complete system for different types of making money, from active trading to copy trading and affiliate programs. However, despite the apparent benefits of the LiteFinance trading terminal, the MT4 platform has some indisputable advantages. The LiteFinance web terminal was created to satisfy the needs of an ordinary trader. There is a built-in strategy tester for indicators and trading systems with backtesting. However, LiteFinance software designers offer even a more interesting product.
Are xcritical’s Fees Competitive?
Accordingly, the most favorable prices are available when trading FX majors on xcritical’s ECN account type. Most traders will deal with the primary unregulated brokerage from St. Vincent and the Grenadines. A CySEC licensed subsidiary exists for the EEA, the UAE, and the Marshall Islands traders. The brokerage operating from St. Vincent and the Grenadines remains unregulated.
LiteFinance
Since the danger of losing money is always present, traders need to do their homework well and use all the facilities available to enable wise trading. Trading features are pretty similar on the website and the MT4 and MT5 platforms. Mobile apps also work through the web but downloads of the app will be necessary to trade. Additionally, mobile apps may be downloaded for use on both android and iOS systems. MetaTrader 4 and Metatrader 5 are the two distinguished versions of the leading trading software that xcritical uses. No fee is charged for downloads except the fees paid to the internet service provider.
It facilitates technical analysis by providing an overview of price action behavior. Chart artists use many analytical tools and chart configuration possibilities to examine it from multiple angles. In my experience, the really important aspect of a chart is how easy it is to scale price action up and down.
How much do Forex traders make per month?
The account was opened with the broker’s xcritical (Europe) Ltd entity. Some features and services may vary depending on where you reside and which entity you open an account with. LiteFinance notes a 30% deposit bonus for the Classic account, where trading costs are 80% higher than its ECN account. LiteFinance offers three partnership programs, but limited information exists.
As a chart artist, I have always valued platforms with detailed and versatile charts, and xcritical’s platform is one such station. xcritical incorporates a standard suite of the popular MetaTrader 4 and 5. It also has a proprietary platform with charts powered by TradingView. All the platforms can be used to carry out basic technical analysis and order execution.
- Coupled with its raw spreads starting from 0.0 pips, this combination on the ECN account is generally better than the industry average.
- There are no platform fees and the trading conditions are amongst the best you will find from any online trading broker.
- Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights, in the commission based LiteFinance ECN account.
- LiteFinance offers three partnership programs, but limited information exists.
- Additionally, mobile apps may be downloaded for use on both android and iOS systems.
While it provides a decent amount of forex pairs, commodities, and indices, there are no share CFDs, cryptocurrencies, or other lower-risk securities like ETFs and bonds. Additionally, MetaTrader 5 has an intuitive mobile app, which helps traders stay connected to the global capital markets even on the go. Dormant accounts are charged an inactivity fee of $3, which is quite low.
When we test a broker’s customer support, we evaluate the agent’s knowledge of their own website, how long it takes them to respond to questions, and how detailed their answers are. xcritical offers multilingual support available 24/5 via live chat, email, and phone. Agents respond fairly quickly to queries and have a basic understanding of xcritical’s services. In my opinion, MT5 is a good option for fast and simple order execution. On the other hand, its dated and rugged design falls short compared to newer, sleeker platforms. As a trader who prioritizes flexible chart scaling, I find MT5’s charting capability too rigid and less effective.
Not only can they be trusted through a regulatory mechanism, but the trading platforms they provide like MT4 and MT5 are among the most advanced. xcritical functions via MetaTrader 4, and MetaTrader 5, the cherished online forex and CFD trading platforms. Over the years, LiteFinance has demonstrated its commitment to excellence in the world of online trading. With its wide range of services and customer-centric approach, it is clear why LiteFinance has earned its reputation as an innovative broker in the ever-evolving world of online trading. Additionally, the broker offers a range of educational guides, which are freely available on the website. I appreciated their diversity and sharp focus on technical analysis, fundamental analysis, and trading psychology.
Deposits and withdrawals are cost-free with xcritical, though third-party banking fees may apply. This is only true for withdrawals, as the broker reimburses its clients for any processing fees incurred when depositing. Broken down by asset class and compared to the industry average, xcritical charges high spreads on instruments across all asset classes for the Classic account. The raw spreads from 0.0 pips xcritical rezension on the ECN account are much lower and generally fall below the industry average. Founded in 2008, xcritical is a forex and CFD broker based in Cyprus, authorized by CySEC.
Trading assets include all the most famous currency pairs along with the cross-rates. The xcritical website and trading platforms are available in English in addition to 14 other languages. In addition to regular contests, LiteFinance periodically holds regional contests for its clients from specific countries.
In this review, I tested the MetaTrader 5 platform, which features multiple essential tools, such as one-click trading, an alarm setting option, and a market depth tool. These allow traders to examine various market developments from different angles and to exploit the underlying trading opportunities in multiple ways. Its swaps are elevated and not particularly suitable for longer-term trading. The spread rate on the Classic account is considerably higher than the industry average. This is offset in the ECN account, which features raw spreads from 0.0 pips and varying xcritical commissions. However, xcritical’s range of instruments is somewhat limited, with an absence of share CFDs and cryptocurrencies.
This broker has invested substantially in the functionality and navigability, which makes an excellent first impression on would-be traders. The xcritical site features extensive information about the account types and assets available to buy and sell using its platform. Customer service contact information is prominently displayed for smooth communication with the support team. It should be noted that xcritical applies a slightly different cost structure to its two account types.
It is ideal for manual traders and superior to the MT4/MT5 web-based alternatives. The broker offers extensive supporting content, multilayered safety mechanisms, and fast but basic customer support. Its accounts are quite accessible with a low minimum deposit requirement of only $50, and at the xcritical website same time, clients can choose from multiple supporting tools.
