LiteForex Forex Broker

LiteForex Forex Broker

LiteForex is one of the leading MetaTrader 4 Forex brokers that accept e-currencies (such as e-gold and WebMoney) as the payment method. Accounts can be started with the minimum of $1, which combined with flexibility of MetaTrader platform makes LiteForex an ultimate choice for the traders that want to test their automated trading strategies on real account, but without risk of losing too much money. CFD trading is also available, so Forex traders can diversify some of their portfolio into stocks traded on NYSE.

• Start trading with $1.
• Commission free trading.
• Leverage from 1:100 to 1:200.
• Receive monthly interest on your balance.
• Competitive fixed bid/ask spreads.
• Really fast order execution.
• Account deposits via WebMoney, e-gold, e-Bullion and Liberty Reserve.
• Many different account types available.
• 33 currency pairs, 8 currency indexes, 32 CFDs and 2 metals to trade.
• One of the best trading platforms - MetaTrader 4.
• Reliable dedicated trading servers.
• 24 hours a day, 5 days a week trading support.
• Partnership opportunities for serious clients.

It is easy to start trading with LiteForex - all you have to do is just register at their website, download their MetaTrader 4 client software, deposit money via one of the available methods (takes no more than an hour) and start trading!

Frequently Asked Questions about forex

Frequently Asked Questions

What is Foreign Exchange?

The Foreign Exchange market, also referred to as the "FOREX" market, is the largest financial market in the world, with a daily average turnover of approximately $1.5 trillion. Foreign Exchange is the simultaneous buying of one currency and selling of another. The world's currencies are on a floating exchange rate and are always traded in pairs, for example EUR/USD or USD/JPY.

Why haven't I heard of Foreign Exchange?
The answer is simple: the currency market was simply financially inaccessible to the general population of investors and traders, and the minimum account requirements were beyond the resources of the average investor. Since then, the situation has changed dramatically. Now under new bank regulations, instead of a minimum investment of $200K, accounts can be opened for $10 - $50K.

Who are the participants in the FOREX Market?
The FOREX market is called an 'Interbank' market due to the fact that historically it has been dominated by banks, including central banks, commercial banks, and investment banks. However, the percentage of other market participants is rapidly growing, and now includes large multinational corporations, global money managers, registered dealers, international money brokers, futures and options traders, and private speculators.

When is the FOREX market open for trading?
A true 24-hour market begins at 7 p.m. Sunday evening through 3 p.m. Friday EST. FOREX trading begins each day in Sydney, and moves around the globe as the business day begins in each financial center, first to Tokyo, then London, and New York. Unlike any other financial market, investors can respond to currency fluctuations caused by economic, social and political events at the time they occur - day or night.

What are the most commonly traded currencies in the FOREX market?
The most often traded or 'liquid' currencies are those of countries with stable governments, respected central banks, and low inflation. Today, over 85% of all daily transactions involve trading of the major currencies, which include the US Dollar, Japanese Yen, Euro, British Pound, Swiss Franc, Canadian Dollar and the Australian Dollar.

What is Margin?
Margin is a faith deposit for each opened position. This deposit is used to secure a position within the market and is added to or deducted from when profits or loss is in effect, then returned to the account when positions are closed.

How are currency prices determined?
Currency prices are affected by a variety of economic and political conditions, most importantly interest rates, inflation and political stability. Moreover, governments sometimes participate in the FOREX market to influence the value of their currencies, either by selling their domestic currency in an attempt to lower the price, or conversely buying to raise the value of their currency. This is known as Central Bank intervention. Any of these factors, as well as large market orders, can cause high volatility in currency prices. However, the size and volume of the FOREX market makes it impossible for any one entity to "drive" the market for any length of time.

How much money do I need to open a FOREX trading account with Pinnacle Exchange?
Pinnacle-Exchange offers both self-traded and dedicated managed accounts. The minimum deposit for a self-traded account is $1,000. Managed accounts require a minimum of $10,000.

Is Foreign Exchange as risky as everyone thinks?
One way to measure risk is to compare a financial product's risk relative to its return. If you take the time to compare an investment in FOREX to common investments such as equities and fixed income, you will find that from a risk/reward standpoint, FOREX investments provide respectable returns and should be considered viable portfolio diversification tools.

FOREX Facts

FOREX Facts

• The FOREX market has been the sole domain of major banks, large financial institutions and central banks, such as the U.S. Federal Reserve Bank. The substantial profits made annually by these institutions from trading in the Foreign Exchange market are now offered to you.
  
  
• The increase in global trade and foreign investments has made the economics of all countries more dependent upon one another.
  


• A country's currency fluctuates as a result of economic activity. Economic factors usually affect a currency by altering the interest rate structure. These will either appreciate or devalue the currency and reflect the monetary health of that country.
  
  
• Some banks allocate as much as 20-30% of funds into FOREX making 40-60% of all their profits trading currencies. In the August 1994 issue of International Finance Magazine, Charles Sanford, Chairman of Bankers Trust, expressed his opinion that by the year 2020, banks will cease their loan transactional business, and focus on currency trading as their primary revenue source.
  
  
• The American public have been oblivious to FOREX for one simple reason, and that is until recently, the currency market was simply financially inaccessible for the general population of investors and traders, and the minimum account requirements were beyond the resources of the average individual investor. Since then, the situation has changed, instead of a minimum of $200K; accounts can be opened for $10k.