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        <title><![CDATA[Forex Brokers Reviews - Forex Rate it!]]></title>
        <description><![CDATA[www.Forex-RateIt.com]]></description>
        <link>http://www.forex-rateit.com/</link>
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                <title><![CDATA[LiteForex review: ]]></title>
                                <link>http://www.forex-rateit.com/forex-brokers-reviews/liteforex.html</link>
                <description><![CDATA[
                                LiteForex is a reliable online forex brokerage service provider based in Seychelles. Providing a range of accounts and trading support services, LiteForex aims to help traders in making an informed decision. 

Account opening procedures:
LiteForex offers two different types of live trading accounts to suit the individual needs of the traders. ‘LITEForex’ (different from the company name) is a form of demo forex trading account; however, it allows individuals to try out real trading with real money. It is a cent-based account, which offers low profits. According to the company’s official website, even continuous profits from a LITEForex account will not pay for the user’s internet bills. However, it is better than a normal demo account because it engages a trader in a real trading environment, where he can earn/lose money. The minimum deposit limit for this account is $1 and it offers a high leverage of up to 1:500.
REALForex is the standard trading account. It deals in the US dollar and serves professional traders risking big amounts of money. It offers a maximum leverage of 1:200.

The account opening procedure is very simple with LiteForex. Anyone can simply fill an online account opening form. Once the form is submitted, the person is required to send the trading account number and deposit details to the broker via email. 

Deposit and Withdrawal:
LiteForex allows money deposits through a range of electronic payment systems, such as Webmoney, Moneybookers, Alertpay and Liberty Reserve. The broker has no limits for maximum deposits. However, as per the recommendations of the governing authority, a trader should not deposit more than $3,000. Withdrawal procedures are stringent to protect trader deposits from online theft. A registered trader can withdraw money only with the procedure that he used to fund his account. For example, if a trader uses his Alertpay account to fund the trading account, he can withdraw money only through the same Alertpay account.

Trading Platform:
LiteForex has developed a proprietary version of MetaTrader 4, called SIGTrader 4 (where SIG corresponds to Straighthold Investment Group (SIG), the company that owns LiteForex). Being a proprietary version of the world’s most popular trading platform, SIGTrader 4 offers an easy-to-use interface and a range of features. It provides multiple tools to execute orders, multiple language support, technical indicators and access to live trading news. A mobile trading terminal and a Smartphone trading terminal are also available for download. A multiterminal trading platform is available for traders who trade in different instruments, such as Forex, CFDs, futures and stocks.

Customer support:
LiteForex excels in customer support. The toll free customer care number is available for the US, Russia, Malaysia and Indonesia. Live chat, email support and contact forms are also available through either the trading platform or the company’s website. The only drawback is that the customer support services are available only in the English language.

With a high-end trading platform and great customer support, LiteForex is a good option for professional traders. Amateur traders can still make a choice whether to risk cents with the LITEForex account or learn trading with the free demo account.
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                <category><![CDATA[Forex Brokers Reviews]]></category>
                <pubDate>Fri, 30 Jul 2010 06:12:32 +0000</pubDate>
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