First of all welcome guys...!
I really hope that you are doing well by the grace of the almighty in this devastating situation around us. The Covid-19 has brought a tragedy in our lives. Therefore, please take care of yourself and stay indoor, stay safe. We'll DEFINITELY overcome it.
Moving on to the main event now, by reading the title then I hope you've understood my today's SIGNIFICANT topic which will shed a light on the comparison of two very famous and regulated Forex brokerage companies of modern times. If you take it from me then simply I would say that both are creating HUGE attention in 2020.
So, one of them is LiteForex and the other one is FP Markets.
At present, due to the evolution of technology, we can do almost anything sitting in our houses including online trading. Technology has changed our lives for the best. It's really a blessing for us obviously if you make sure the proper use of it.
Those days are long gone when we used to do it the old fashioned way. Forex trading has asphalted a roadmap for the online trading industry and brought a new era to online trading.
Specifically, I’m gonna highlight -
These aspects of both the Forex brokers. Therefore, Let’s rock and roll.
LiteForex brokerage company is authenticated in the Marshall Islands and regulated in exactly with Marshall Islands Business Corporation Act.
Liteforex (Europe) Ltd is registered as a Cyprus Investment Firm, authorized and regulated by Cyprus Securities and Exchange Commission (CySEC) and acts in accordance with the Markets in Financial Instruments Directive (MiFID).
Liteforex is a member of the Investor Compensation Fund, which absolutely guarantees that all the clients' funds are sound and secured (up to 20,000 EUR). The brokerage company is registered in accordance with the requirements of the following countries' regulatory bodies.
Classic Trading Account - Real trading accounts are only available for very experienced traders. A CLASSIC Forex account with a variable spread has been designed for traders who have extensive experience in the trade and formed views on the market.
It is ideal for those who adhere to a proven strategy in their trading using five-digit quotes and leverage up to 1:500, giving access to large volume transactions.
ECN Trading Account - Forex ECN trading account is for professional experienced traders as well as investors and traders who wish to use the Social Trading service. These sort of accounts offer the richly yearly percent expense on unused funds, and access to DEEP liquidity with low afloat spreads.
The trading account is fabricated on the foundation of modern ECN tech that provides admittance to the best prices on the market, stable and guaranteed fast execution with no re-quotes, and no conflict of interest.
The LiteForex Group provides its clients with MetaTrader 4, the most stable and called-for trading platform popular with traders from all over the world, as well as with an updated version of the trading platform MetaTrader5.
Besides MT desktop versions, LiteForex's clients can use WebTerminal to be able to trade right from the browser on any computer wherever in the world without having to install a desktop version. The one and only condition for using WebTerminal have access to the internet.
Also, the company clients are offered freely downloadable applications intended for trading via mobile devices and tablets (Android, iOS, and other OS).
Payment methods: VISA, MasterCard, Bank Wire, Skrill, Neteller, Perfect Money, OkPay, QIWI, Skrill ONE-TAP, Yandex Money, W1, Bitcoin, Litecoin, Bitcoin Cash, Bitcoin Gold, Ethereum, Monero.
LiteForex brokerage company does not charge any fees when the clients top up their accounts or make withdrawals. Rather they are always very focused on the needs of clients. LiteForex has decided to return commissions paid by the clients through a payment method when making a deposit into their trading accounts.
With the help of this initiative, deposit fees will be automatically paid back to your trading account.
LiteForex offers its clients a set of trading instruments under advantageous conditions of margin trading, including:
ANS. As soon as you've made it accessible for copy trading. Your account will go up or down as you trade based on the profitability of your trading.
ANS. There are no restrictions, trading on a trader's account is no different from trading on a standard trading account.
ANS. No, you may not. Trader's account shall belong to another person. You cannot copy your own trades.
FP Markets was formed in Sydney, Australia in 2005, and through its 14 years of experience, FP Markets company has succeeded to be one of the Market leaders in providing CFD and Forex. Their vision was to create a one-stop destination where traders could access a full suite of trading products in global markets.
The advantage of being able to trade CFDs across equities, Forex, indices, commodities, futures, and cryptocurrencies from one account is one of the major factors that makes FP Markets one of the most loyal and regulated brokers among other brokers of the Foreign exchange market.
FP Markets is currently offering the world’s most popular trading platform MT4.
One of the most technologically advanced trading platforms.
FP Markets offers the IRESS platform, which provides multi-product execution and access to level 2 exchange data as standard.
IRESS platform features:
The all-powerful Metatrader 4 (MT4) & Metatrader 5 (MT5) Platform easily accessible from your browser.
Ans. Yes, of course.
Ans. It is possible, however, to avoid confusion we advise having all your trading accounts under the same Client Area profile, using the same email address.
Ans. Please send an email to [email protected] from your registered email address, and ensure that you include the IB's referral number in your email.
Ans. They will disable your account if there is zero balance and no activity for more than three months.
Unlike other brokers, they will not charge an admin fee for this, and we are able to reactivate it anytime you wish to resume your trading.
If you wish to reactivate, please send your request from your registered email address to [email protected]
Ans. They always require proof of identity and proof of residency documents from you. Proof of identity can be a valid passport, driving license or national ID card.
As a proof of residence, they accept a utility bill or bank statement showing your full name and address, and that is dated within the last six months.
Ans. For some particular countries, they might accept one of the following documents as proof of residence document: