LiteForex Investments Limited provides CLASSIC and ECN types of trading account for MT4 and MT5 trading platforms.
Both types of account are based on market execution.
To open an account, please proceed from the official website of LiteForex from below.
How to change the type of account?
Different types of trading accounts correspond to different servers; hence you cannot change the account type.
The only way out is to open a new account on a different server in your Client’s Profile.
You can transfer money to a new account from an old one in the section “Metatrader” in your Client Profile.
What is the difference between a demo account and a live account?
A demo account is perfectly suitable to familiarize Clients with the Forex market.
This type of account does not require making deposits but profit gained as a result of trading operations cannot be withdrawn.
Conditions of work in demo accounts are similar to conditions of work in live accounts: the same procedure of transactions, the same rules of requesting quotes, the same parameters for opening positions.
What are multi-currency accounts?
With multicurrency accounts, your trading account balance can be denominated in different currencies: Rouble, Swiss franc, Euro, American dollar or milli-bitcoin.
You can choose your currency when opening an account.
What is a phone password?
A phone password is an easily recognizable word, which will be used to identify you as the owner of the account when you contact LiteForex’s employees. When a new account is opened, a phone password is generated automatically. It is recommended to use a word or a set of figures that you can easily remember. In order to do this, please log in to your Client Profile, access the “Metatrader” section and click on “Edit” in the “Phone password” column of the main account.