About Lite Forex
Another broker known in the forex exchange market because of its brokerage services is Lite Forex. Just like many other forex brokers, Lite Forex has also employed one of the best platforms, the MetaTrader 4 platform. The only difference Lite Forex has is that for as low as $1, traders can do forex trading already. This makes Lite Forex attract more traders than others. Unlike other forex brokers, Lite Forex only focuses on the forex exchange market and nothing else. This is their marketing strategy so as not to get diverted into other markets that are offering other types of trading.
Lite Forex does its operations with the use of the MT4 platform. This makes newbie traders do the trading without having difficulties and problems. One of the best advantages MT4 has for its users is that it allows them to do instant executions of order, trailing stop orders, and myriad features for mobile traders that are not even supported by other Forex brokers. On the other hand for RealForex, a minimum deposit of $10 is needed. However, Lite Forex offers a 3.5% increase in leverage as well.
Registering at Lite Forex is very easy. Also, the process in funding is also easy that beginners do not even have to worry being confused. For deposits, it is possible by using major credit cards, debit cards, wire transfers, and electronic wallets like Web Money, Money Bookers, Liberty Reserve, and even Alert Pay. Overall, traders can say that Lite Forex is a broker offering above average brokerage services including currency trading. Thus, Lite Forex can be recommended both for beginners and experienced traders.
What Critics Say About Lite Forex
Others may think that the strategy Lite Forex has employed is very risky and disadvantageous. However, Lite Forex has proven them wrong as it is where the broker has excelled since then. There are also other brokers who appear to be jealous of the style of Lite Forex. According to the critics, Lite Forex has used such strategy so that they will be the one to be on top of the forex market. It does not need to follow the strategies utilized by other brokers for Lite Forex has already proven itself by being very productive and successful.
Lite Forex Website
Regarding the website of Lite Forex, the menus and services are well presented in a tidy and organized manner. Furthermore, comprehensive explanations are shown especially on topics about the various currency exchange services and other detailed information about forex trading. Also, a forex glossary is made available so that traders can look into different forex terms in order for them to understand the market very well. Additionally, beginners are well taken cared of by providing the tutorials needed in the forex market. The Lite Forex website (Lite Forex.org) offers 14 different languages, for example Malay, English, Chinese, Spanish, Greek, and Hebrew. In Lite Forex.org, there are actually two different accounts, namely Lite Forex and RealForex. Lite Forex is for the beginners while the latter is for the advanced traders. The minimum deposit for Lite Forex is only $1, and all usual mini account features are already available. The features include 40 pairs of currencies with spreads starting as low as2 pips, but the commission policy is zero.