Since you trade with virtual money, there is no danger of financial losses. Getting used to trading online and practicing the right moves in the demo account go a long way towards success. While companies usually charge fees for every service, however small, the demo account does not charge any fees. The answer lies partly in the demo account that shows the way to safe trading practices. Traders rehearse all the buy and sell activities, the research, and the use of expert advisers in the demo account as if they were really trading.

1. Yes, LiteFinance does require a minimum deposit to be made in order to open a live account.
2. Spreads offered by xcritical are tight and good for the forex industry.
3. The purpose of the demo account is to show the way towards trading and the steps involved.
4. You learn to use all the researched study materials, charts, and indicators to find the best trading opportunities with the least risk.

On Forex, you have limitless opportunities for financial self-realization

We marked that the broker took all the necessary steps to improve the trading experience and provide transparent conditions after traders’ complaints. For the negative points, spreads are high for stock trading, international trading is done through an offshore entity in St. Vincent and the Grenadines and there are negative experiences from some traders. The market range overall is quite narrow and limited to only FX and CFDs; there is no crypto trading at all. The apps are available to download free of charge on both Android (APK) and xcritical rezension Apple (iOS) devices. Users get signals, news alerts, and a range of price analysis features for different trading strategies.

LiteFinance Verdict

xcritical Virtual Trading Platform requires no payment of annual maintenance fees or any other kind of fees. They send the login details to access your account after that and you can reach the demo account. xcritical Virtual Trading Platform serves as an excellent no-risk introduction to the sometimes dangerous world of trading. Like in every field and profession nowadays, trading has much to do with digital technology.

Top Features

LiteFinance offers a free demo account which is a great way to get to grips with the broker, and its platforms, risk-free. The sign-up process is straightforward and an account can be opened in under a minute. The customer onboarding process employed by this brokerage is simple, with users offered the option of signing up for a demo account that is compatible with MT4 and MT5. Depositing and withdrawing funds is also straightforward and should pose no difficulties to traders regardless of their experience level.

Customer service contact information is prominently displayed for smooth communication with the support team. It replicates real trading conditions in live markets and helps develop the confidence to face the real test of trading in live situations where money is at risk. xcritical offers 2 types of trading accounts, ECN account, and Classic account. The initial deposit that is compulsory is $50 in both these accounts.

Furthermore, the platforms are enhanced with automated trading and social trading capabilities with no restrictions on strategies, also additional complex order types. Yet, for comprehensive analysis and day trading, you would prefer a desktop platform, where xcritical MT suits any device either PC or MAC. The website is easy to navigate, support is easily accessible and there are multiple free analysis tools. The LiteFinance brand is largely inclusive and despite its international presence, remains tailored to individual markets.

Without such xcritical courses scam a virtual experience, it would be very risky indeed to participate in live trading where ample money risks are involved. The demo account includes all the features you have in the live trading account minus the risks of losing money. It is a taste and experience of live trading without the risk of losing money, an excellent training ground for beginners and professional traders alike. As an alternative, clients can also fund their accounts using cryptocurrencies. Both downloadable platforms are user-friendly while the web terminal offers a range of options for customization.

Overall, xcritical has a quite long history of operation and balanced trading conditions suitable for various trading styles, account sizes, and levels of experience. We should admit good analysis tools and technology solutions xcritical provides, also costs are rather good compared to other industry competitors. We also marked a good choice of trading platforms and good technology. Overall, our experience with xcritical remained rather positive throughout the test and we didn’t face any problems.

The setup and verification process is quick and intuitive so users can start trading within minutes. The minimum deposit required to open a LiteFinance Classic Account is $50 USD. The minimum deposit required to open a LiteFinance ECN Account is $50 USD.

Open a trading account

It is free to join but you have to pay the company trading account a minimum deposit of $50 in order to gain access to the demo account. You need to fill a form with personal details and submit supporting documents for verification too. LiteFinance, formerly known as xcritical, is an established ECN broker. Clients can trade currencies, commodities and stocks on the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. The minimum deposit required to open a LiteFinance Account is $50 USD.

The details you enter like name spellings and dates should tally with the government-issued legal documents that are offered as proof. While opening the account, this fee has to be paid as an initial deposit. 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. Any action you take upon the information you find on this website is strictly at your own risk and we will not be liable for any losses and/or damages in the use of our website.

Another strong point is the broad range of forex trading educational resources available on the broker’s website. These range from tutorials and summaries of well-known books on investing, economics, and financial markets to the opportunity to access expert analysis through a partnership with financial insights provider Claws & Horns. Account holders can choose between MetaTrader 4 and MetaTrader 5 as a trading platform.

You learn to use all the researched study materials, charts, and indicators to find the best trading opportunities with the least risk. The purpose of the demo account is to show the way towards trading and the steps involved. Researched analysis of markets with the help of expert advisers may succeed in finding the right buy and sell trades without loss. You need to xcritical courses scam open an account with the company, beginning with the filling up of a form.

Please note, some markets may only be available via CFDs or other derivatives. Compare LiteFinance with the top 3 similar brokers that accept traders from your location. LiteFinance offers two primary live accounts; the ECN account and a Classic account. Note, xcritical (Europe) Ltd operates as a separate broker offering trading services to clients from Europe only. Traders considering availing themselves of the various benefits of a xcritical account will want to weigh up the benefits and risks involved, bearing in mind that the company operates in a well-regulated jurisdiction.