TOP Forex Broker in the market Working since 2005
The best Forex books to read for both beginners before starting trading and professionals. Delve into the Awesome Oscillator’s formula, signals, and real-life examples of its application. Raw spreads from 0 points, the best liquidity providers, and ECN technologies make it profitable to trade with LiteFinance. Analytical materials are developed in cooperation with our partner, Claws&Horns, exclusively for information purposes. Published materials should not be regarded as a recommendation for investment or advice in accordance with Directive EC.
- The account was opened with the broker’s xcritical (Europe) Ltd entity.
- I also concluded that xcritical is pretty upfront about its trading fees.
- 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.
- This is only true for withdrawals, as the broker reimburses its clients for any processing fees incurred when depositing.
Choose the account type that will comply with your trading preferences and open Forex account in just 1 minute. 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. Incorporated from Claws&Horns, the trading signals represent actionable trading opportunities.
The market is continually evolving and never static, so it is important to hone your skills in a safe environment. You can set up a demo account for yourself alongside your live CFD account. xcritical offers two retail account types – Classic and ECN – both with a minimum deposit of $50. MT5 is arguably best suited for automated trading via its Expert Advisors (EAs) feature. The platform also has an intuitive strategy tester, allowing experienced algo traders to tweak the parameters of their strategies so that they can be used under different market conditions.
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I discovered that the European entity of the broker adheres to all essential safety requirements, such as ensuring negative balance protection and a compensation scheme. Read independent analysts and obtain the most current details about financial markets. The online platform designed by LiteFinance is a one-stop trading system that provides a trader with all necessary tools and does not require installing. At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions. They contain lots of practical insights, e.g. how to use intraday trading strategies, Fibonacci retracements, etc. xcritical (Europe) Ltd provides services only to the residents of countries from the European Economic Area (EEA), the United Arab Emirates (UAE), and the Marshal Islands.
Copy Trading
xcritical’s platform is much more fluid in comparison to MetaTrader, especially its charts, which are powered by TradingView. In our Trust category assessments, we evaluate factors tied to stability and transparency, including the broker’s longevity, company size, and the transparency of information provided. LiteFinance Global LLC does not provide services to residents of the EEA countries, USA, Israel, Russia, and some other countries. The REFUSD (Reef vs. US Dollar) pair will be removed from the list of trading instruments, and all trading operations on the pair will be stopped on August 23, 2024.
Educational Content
Namely, beginners with little or no trading experience are interested in learning more about trading and developing a robust trading system. For example, a long position on gold would generate profit as the price rises or incur a loss as it falls, all without the need to purchase actual gold bars. Contracts for difference (CFDs) are derivatives used to speculate on the underlying asset’s price without physical delivery. The table demonstrates how much you would have to pay to trade 1 full lot (100,000 units) in EUR/USD with a pip value of $10 for each account.
It supports the MetaTrader 4 and 5 platforms and offers VPS hosting for low-latency trading. Compared to the industry average, xcritical offers an average amount of forex pairs and commodities, and a high amount of indices. Most apps suffer from the same underlying problem – having to compress complex data on low-resolution devices, which usually makes it quite difficult to discern. But xcritical’s app retains the web trader’s sophisticated look and feel.
However, the ECN account, which is aimed at professional and institutional users, charges a flat commission of $5 per round trip per lot. xcritical users can choose between MetaTrader 4 and MetaTrader 5 as platforms for their trading activities. This ensures data privacy and software xcritical stability while granting users access to mobile and desktop trading 24 hours a day. The broker’s excellent customer service (which is available day and night most days of the week) adds an extra element of reliability to an already impressive service offering.
However, the broker charges higher commission rates on instruments from other asset classes. The materials are prepared by the well-known independent analytical agency Claws&Horns, which has established itself as a professional in the area of market analysis. Open an account with xcritical and gain access to quality analysis for free. Having scammed by xcritical been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today.
xcritical Research Tools
While the spreads on its Classic account are relatively high, the ECN account type offers more competitive trading fees. Another strong point is the broad range of forex trading educational resources available on the broker’s website. Forex traders focused primarily on major and exotic currency pairs will benefit from competitive spreads and a transparent fee structure while using the industry-standard MetaTrader platform. However, the broker generally charges high trading fees on its Standard account and provides extremely limited instrument offering of about 70 assets. The broker offers its proprietary platform with versatile charts from Trading View and also incorporates MetaTrader 4&5.
The leverage multiplies the profits a trader generates from winning positions but also the losses incurred from failed trades. As shown above, the problem with MetaTrader is that the charts can be crowded quite easily, even when we add no more than 2 indicators. This obscures price action behavior and makes it more difficult to conduct probing technical analysis. Additionally, MetaTrader 5 has an intuitive mobile app, which helps traders stay connected to the global capital markets even on the go. Founded in 2008, xcritical is a forex and CFD broker based in Cyprus, authorized by CySEC.
For this reason, staying on top of the latest market developments is crucial, a task made simpler through the mobile app version of xcritical. Traders can access xcritical’s copy trading environment from the ‘Investing’ section of scammed by xcritical the website. The performance of all the available trading strategies is presented in the ‘Traders Ranking’ subsection.
Account holders can choose between MetaTrader 4 and MetaTrader 5 as a trading platform. This industry-standard software comes with a raft of features and benefits and is recognized for its data security features, analytics tools, and quick execution times. Traders can use the built-in economic calendar, which is an essential tool in a trader’s arsenal. It informs traders of upcoming market events and releases that have the potential to stir price action, thereby creating viable trading opportunities.
The latter offers slightly more competitive prices than the typical STP account, but it falls behind the typical ECN account type. This company is a registered broker operating from Cyprus, an EU member state located in Southern Europe. As such, all trading and client activity is regulated by the Cyprus Securities and Exchange Commission. As noted above, this jurisdiction offers investor compensation up to EUR 20,000 on non-professional trading accounts in the event of brokerage liquidation. The LiteFinance company has developed a large range of trading accounts for any category of traders.
