Opinions Regarding Liteforex Broker

For small capital it might be possible, but for large capital it is less convincing.

Thanks

I have been with Liteforex for 2 years when deposits or withdrawals were smooth. What I want to ask is, what is the limit for forex trading that is said to have small capital, what is the minimum and maximum?? Please help.

To Vico...

The minimum or maximum deposit size can be very relative depending on the trader's ability and readiness. First, you can deposit according to the type of account you choose. There will be stated the minimum capital you must deposit to make transactions. Second, you can deposit any amount, even above the broker's minimum requirements. Certainly, the amount of funds you deposit must be something you are willing to lose, because to anticipate the worst-case scenario in trading, namely your funds being eroded by the market.

Thanks

What I noticed when trying to look at Liteforex is that the ECN account has no commission. Instead, traders are given interest. Do you think that's possible & reasonable? Because in other brokers, ECN accounts always incur a commission.

To Eric Santoso..

Generally, there is a commission on every transaction made. You can ask the CS of the broker in question.

Thanks.

@ wiro sableng:
This broker's regulation is unclear, namely registered in the Marshall Islands and regulated by the Marshall Islands Business Corporation Act, and the company's address is on Ajeltake Island, Majuro, Marshall Islands. Read: LiteForex Broker Review
If you want to try it out, you can enter a cent account because the funds are relatively small..

@ Vico:
The minimum limit depends on the broker's terms, the maximum is relative, it can be around USD 5,000. But it should be noted that if you trade with a broker with unclear regulations, if the broker goes bankrupt or scams, your funds will be very difficult to withdraw even if it's below USD 5,000, and may even disappear..

@ Eric Santoso:
If ECN is without commission, where does the broker's profit come from? In my opinion, this broker's regulation is unclear. If you want to try it, you can use a small amount of funds, the broker has a cent account.