Maybe your question is already in the list of frequently asked questions. Our F.A.Q. It is divided into several parts, and affects all aspects of activity for both clients and partners. Here you will find information about Client Cabinet, restoring access, verification, deposits and withdrawals, bonuses and contests, affiliate programs and registration in them, as well as all major technical issues.
In order to create Client’s Profile, click on the link https://social.liteforex.com/registration. Please fill in all the fields, paying attention to the tips that will pop-up below and then click on "Register". To log in to the Profile, please enter your e-mail address and password on the login page https://social.liteforex.com/login. If you have a Facebook or Google profile, you can use them to log in to Client Profile by pressing the respective buttons.
According to the policy of LiteForex, a Client is only permitted to have one profile. However, each Client is entitled to have up to ten active trading accounts in his/her personal profile. The number of active trading accounts, permitted to operate at the same time in the Profile of a Client can be increased upon your request through the General Customer Inquiries Department.
To change the confirmed phone number related to the Client Profile, Clients are required to provide a document confirming ownership of a new phone number (agreement with a mobile phone service provider) and a high-quality color photo of an ID held beside the Client’s face. The Client’s personal data shall be the same in both documents. The documents can be downloaded in the same window where you need to enter your new phone number, or can be emailed to firstname.lastname@example.org.
The documents confirming identity shall be issued by a legal government agency and shall contain a photo of the Client. It can be the first page of internal or international passport or a driving license. The document shall be valid for at least 6 months from the date of completing the application. Each document shall specify validity dates.
The document confirming your residential address can be the page of your passport indicating residential address (in case the first page of your passport was used to confirm identity, both pages shall have serial number). A residential address can be confirmed with utility bill containing the full name and actual address. The bill shall be not older than three months. As the proof of address the Company also accepts bills from internationally recognized organizations, affidavits or bank statements (mobile phone bills are not accepted).
Uploaded documents shall be colored, legible and uploaded in *.jpg/*.jpeg or *.pdf format. The size of the file shall not exceed 5 Мb.
If you have forgotten or wish to change your access password to Client’s Profile, use the password recovery option located on the client profile login page (Forgot password?) You can also contact General Customer Inquiries Department requesting them to change your password, where a manager will ask you to provide required identification data. It is recommended to set up a complex password using letters, numbers and special characters. The data on your password shall be kept secret and secure.
You can top up your trading account via your Client Profile using electronic payment systems indicated on the same page.
In order to top up the account with the help of your bank card, you can use several intermediary payment systems. Also, you can deposit money in your account through bank wire transfer. To select any of the deposit methods above, click the "Finance" button in the Client Profile and select the "Bank Card" option.
Please take note of the Company’s rules of depositing and withdrawing of the funds from a trading account. These rules are aimed to exclusively reduce risks involved in these operations and to provide security of funds. Withdrawal of the funds can be carried out only to the same purse and in the same currency, which has been used for topping up. It means that if you top up your account, using Skrill, you can withdraw money only using the same Skrill purse, which has been used to top up. If you wish to use a different payment system, the withdrawal will be possible only if you make a deposit with the help of a new purse and you will be able to withdraw the money to both purses proportionally. This rule is governed by the AML policy. Please note also that transactions for less than 1 USD are not accepted by our operators.
The financial department operates Monday to Friday, from 9 a.m. till 6 p.m. (GMT+2).
Money deposits through Client Profile are made automatically. Please remember that direct deposits to our wallet are not automatic. After such deposit, you shall contact LiteForex’s Financial Department and inform them about the deposit. You can reach them via email at email@example.com or through LIVE CHAT. You shall provide the following information: the date and approximate time of transfer; exact amount of funds; number of your wallet; number of the wallet you have transferred the funds to; number of the trading account to which the funds shall be transferred. Note that transfers from purse to purse are not automatic and require more time for processing. Please top up your accounts via Client Profile to avoid delays.
In order to find a lost deposit, you shall contact the Financial Department using the most convenient way for you and provide the following information:
- Number of your trading account;
- Number or ID of the purse in payment system, which has been used to transfer money;
- The amount of transferred funds;
- The date and exact time with the time zone;
- Transaction number (if available).
There are several reasons why your withdrawal application has been cancelled:
- The money laundering policy has been violated;
- A withdrawal has been requested through an electronic payment system which differs from the payment system that has been used to top up;
- The purse you used to top up this trading account differs from the purse to which you are going to withdraw money;
- Other reason. To find out the reason you shall contact the Financial Department using the most convenient way for you.
Quotes are issued in accordance with the schedule of quotes as follows: 24 hours starting from 00:00:01 (according to the time of the terminal, see p.4.16), Monday, until 23.59.59, Friday, with a gap from 00.00.00, Saturday, to 23:59:59, Sunday.
Oil, shares, and stock indexes are quoted during sessions. The schedule of sessions depends on the stock exchange where a given instrument is traded. Please consult the site of LiteForex for more detailed information. Also, you can select any trading instrument in the "Trading" section of the Client Profile and check the daily schedule of quotes for this instrument. For instance, you can check the chart of oil trading sessions here.
Information about all bonuses and promotions offered by the LiteForex is available at https://www.liteforex.com/promo/bonuses/.
Information about all contests held by the LiteForex is available at https://www.liteforex.com/contests/
LiteForex Investments Limited provides CLASSIC and ECN types of trading account. Both types of account are based on market execution.
Please check the https://www.liteforex.com/trading/account-types/" target="_blank">detailed description of the account types.
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.
If you have opened your demo account via your Client Profile (your personal profile with the LiteForex company), you can use the automatic password change option. To change the trader’s password, please log in to the Client’s Profile, access the section "Metatrader" and click on "edit" in the "Password" column of the corresponding account. Enter the new password twice in the window that opens. You don’t need to know your current trader’s password to do that.
Also, when opening a new account, a letter containing the account login and password is always sent to the client’s email.
If you have opened your demo account directly through the trading terminal and the letter containing the registration data has been deleted from your email box, you’ll have to open a new demo account. It’s impossible to recover or change the passwords from demo accounts that were not opened through your Client Profile.
To top up your demo account opened via Client Profile, please log in to the Client’s Profile, click on your name in the upper line and make sure the demo trading mode is enabled. Then access the "Metatrader" section. Next, click on "Deposit/Top up" in the line of the corresponding account, enter a deposit amount in USD and click on "Top up".
You cannot top up a demo account opened directly in the trading terminal. In this case you need to open a new demo account.
ISLAMIC ACCOUNT is an account that doesn’t charge fees for carrying over open positions to the next day. This type of account is intended for those clients who are not allowed to conduct monetary operations involving interest payments owing to their religious beliefs. Another widely-spread name of this type of account is "swap-free account".
Yes, our company provides this service. Please click on your name in the upper line and then choose the "Settings" option. Find the line "Islamic account application" and click "Fill in". Please, download and print out the application form, read it carefully, fill in all the relevant fields and sign it. Then, upload an electronic copy of the signed application in the same window.
Please note, that your application does not guarantee that your account will be transferred to the Islamic Account category. The company provides access to the service at its own discretion.
Credit leverage is a ratio between the deposit and allocated borrowed funds: 1:100, 1:200, 1:500, and 1:1000. Credit leverage 1:100 means that you shall have in your trading account an amount, which is 100 times less than the one required to open an order.
The following leverage sizes are available to LiteForex’s clients, depending on their account types:
from 1:1 to 1:500 in CLASSIC accounts;
from 1:1 to 1:1000 in ECN accounts;
You can choose the size of leverage when you open your trading account. Later, you can change it via your Client Profile by using the corresponding option in the "Metatrader" section. This procedure does not require you to close opened or pending orders.
On your desktop click on the button Start –> Run, then enter ‘mstsc’ and press OK (or click on the button Start and select the line "All programs" "Accessories" and "Connect to remote desktop".) Then, enter IP of the server which you have received by e-mail after your request for VPS has been approved, and press the button "Connect". In the Form, which will pop up, enter login and password, received by e-mail.
You may redirect many devices on your computer (in other words, you can continue using your devices, connected to local PC), including printers, drives, some USB devices and clipboard. Open Remote Desktop Connection. Click Options, and then pass to Local Resources’ tab. In Local devices and resources group, select the devices or resources you want to redirect. To see additional devices, or redirect Plug and Play devices or drives and devices that you plug in later, click More. Put a flag next to each device that you want to redirect.
On your desktop click the button Start –> Run, then enter ‘mstsc’ and press OK (or click on button Start and select the line "All programs" "Accessories" and "Connect to remote desktop".) Click on "Options" then click on the "Display" tab. On "Display configuration" settings, you can change the "Remote Desktop Connection" display by moving the slider from "Small to Large". By moving the "Slider" all the way to large, the display settings will automatically set to "Full Screen".
LiteForex is not an educational company; however we can recommend four ways to find literature:
1) In specialized bookshops.
2) A lot of literature is freely available in Internet - just use any of search engines and you will find many books written by different authors.
3) There are some special Forums devoted to Forex market, which can also provide interesting and useful information for you.
4) On our website: https://www.liteforex.com/beginners/ you can find information for beginners.
18.104.22.168:552 or 22.214.171.124:552 – for demo accounts;
126.96.36.199:444 or 188.8.131.52:554
184.108.40.206:555 or 220.127.116.11:555
18.104.22.168:444 or 22.214.171.124:553.
Three types of terminal are currently provided for trading in both demo and real accounts: MetaTrader4 (MT4), MetaTrader5 (MT5) and Web Terminal located in Client Profile and allowing you to work with any account type.
Besides a basic terminal for a Windows-based personal computer, we offer terminals for Android, iPhones and iPads. You can download any version of the terminal. The Web terminal located in LiteForex’s Client Profile is adapted to any type of device and can be opened in a browser both on the computer and mobile devices.
MetaTrader4 MultiTerminal is designed to manage several trading accounts which are on the same trading server. It will be helpful for traders working with many accounts at the same time.
F1 – user guide for the terminal
Ctrl + T – open/close terminal window within Metatrader window,
Ctrl + O – open a window of terminal settings, where you can enter the data for authorization and set other options of the program,
Ctrl + N – open navigator window,
Ctrl + Y – show period dividers on chart,
Ctrl + L – show volume on charts.
You can find the user guide in the terminal itself. Press F1 in order to review it straight after launching the terminal. The developer’s forum is located at https://www.mql5.com/.
This is a buy and sell price which you can see when requesting to open or close a position. The difference between the Bid and Ask price is called spread. All charts in the terminal show Bid price. You can also set the function allowing the display of Ask price as well. In order to do this, press F8 on the chart window, where in the tab "General" you need to tick "Show Ask Line". "Buy" orders are opened under the price "Ask" and closed under the price "Bid". "Sell" orders are opened under the price "Bid" and closed under the price "Ask".
Stop Loss is used for minimizing losses if the security price has started to move in an unprofitable direction. If the security price reaches this level, the position will be closed automatically. Such orders are always connected with an open position or a pending order. The terminal checks long positions with Bid price for meeting this order provisions (the order is always set below the current Bid price), and it does with Ask price for short positions (the order is always set above the current Ask price). Take Profit order is intended for gaining the profit when the security price has reached a certain level. Execution of this order results in closing of the position. It is always connected with an open position or a pending order. The order can be requested only together with a market or a pending order. The terminal checks long positions with Bid price for meeting of this order provisions (the order is always set above the current Bid price), and it checks short positions with Ask price (the order is always set below the current Ask price). For example: When we open a long position (Buy order) we open it at Ask price and close it at Bid price. In such cases S/L order can be placed below the Bid price, while T/P can be placed above the Ask price. When we open a short position (Sell order) we open it at Bid price and close it at Ask price. In this case S/L order can be placed above the Ask price, while T/P can be placed below the Bid price. Let us suppose that we want to buy 1.0 lot on EUR/USD. We request a new order and see a quote Bid/Ask. We select the relevant currency pair and the number of lots, set S/L and T/P (if required) and click on Buy. We bought at Ask price 1.2453, respectively, Bid price at that moment was 1.2450 (spread is 3 pips). S/L can be placed below 1.2450. Let’s place it at 1.2400, which means that as soon as Bid reaches 1.2400, the position will be automatically closed with 53 pips loss. T/P can be placed above 1.2453. If we set it at 1.2500, it will mean that as soon as Bid reaches 1.2500, the position will be automatically closed with a profit of 47 pips.
This question is often asked by beginners in relation to Sell positions. It happens because traders do not take spread into consideration. Sell order is opened at Bid price; the chart shows this price as well. But order closes at Ask price, which is higher than Bid price by the size of spread. To enable displaying Ask price, press F8 on the chart window and in the tab "General" tick the "Show Ask line".
These are orders which will trigger when the quote reaches the price, specified in the order. Limit orders (Buy Limit / Sell Limit) are executed only when the market is traded at the price specified in the order or at a higher price. Buy Limit is placed below the market price, while Sell Limit is placed above the market price. Stop orders (Buy Stop / Sell Stop) are executed only when the market is traded at the price specified in the order or at a lower price. Buy Stop is placed above the market price, while Sell Stop - below market price.
For all currency pairs the price stated in the order shall differ from the current market price "Bid" or "Ask" at least by the size of spread for this pair depending on the direction of position. You cannot place pending order S/L or T/P closer to the current market price than it’s stated in the "Trading instruments" in Stop&Limit" column.
If the button "New order" is not active, it means that you have connected to the account using investor’s password. In order to trade on the trading account, use trader’s password. The trader’s password is used to log in to the trading account and enables you to manage it. You can open, close or modify positions only if you use the trader’s password. The investor’s password is used to review the account. Therefore, you can log in to the trading account and view it, but cannot open, close or modify any positions.
1) You may have used the wrong login. Note that only the digits of account number can be used as login. For example: if an account number is MT4-R-12345, the login will be 12345.
2) You have used the wrong password. Please check your password. If you have forgotten or lost the trader’s password, you can change it in the Client’s Profile. See paragraph 1.15.
3) Probably, your trading account is archived as it has been inactive for three months. See paragraph 1.22.
The reasons can be as follows:
- You have used the wrong server to log in to the trading account. Please use the IP address instead of server.
126.96.36.199:552 or 188.8.131.52:552 – for demo accounts;
184.108.40.206:444 or 220.127.116.11:554
18.104.22.168:555 or 22.214.171.124:555
126.96.36.199:444 or 188.8.131.52:553.
- You have no Internet connection;
- It is also possible that port 443 has been blocked in your network or access to Internet is provided through a proxy server. If you use a network of organization this also can be a reason. Ask your IT Manager about proxy server address and then include it in the settings of the terminal (in the menu "Tools"/"Options"/"Server" tick "Allow proxy server"/ click proxy button/ register address, proxy server port, username and password).
- A firewall (anti-virus software) blocks port 443. Windows’ firewall is also a firewall. In this case it is necessary to include "MetaTrader" in the list of the allowed programs or open the 443 port.
Attention! To perform the actions below, you will need to restart your computer and log on as an administrator. Since you will need to type commands at a command prompt, you shall follow the instructions strictly. The instruction is for PC users. If you are a MAC user, find the information on how to clear DNS cache on Apple’s site.
When you use Internet constantly, your computer automatically caches IP addresses and other data of the Domain Name System. Clearing out the cache helps update data and delete old data which may provoke connection problems.
1. Holding down the Windows key, press X.
2. Choose “Command prompt (administrator)"
3. Type ipconfig/flushdns and press Enter.
4. Type ipconfig /registerdns and press Enter.
5. Type ipconfig /release and press Enter.
6. Type ipconfig /renew and press Enter.
7. Type netsh winsock reset and press Enter.
8. Reload your computer.
Windows 7 and Windows 8
1. Go to the desktop.
2. Holding down the Windows key, press R (to launch the “Run" pop-up window).
3. Type cmd and press Enter. (A command prompt will open)
4. Type ipconfig /flushdns and press Enter.
5. Type ipconfig /registerdns and press Enter.
6. Type ipconfig /release and press Enter.
7. Type ipconfig /renew and press Enter.
8. Type netsh winsock reset and press Enter.
9. Reload your computer.
The "Market watch" window shows the terminal time. It’s impossible to change it. It corresponds to GMT+3 in the period from the last Sunday in March till the last Sunday in October. For the rest of the time, it corresponds to GMT+2.
A message "Trade stream busy" appears in case of unsuccessful attempt to carry out a trading operation (for example: when you send a new trading order prior to getting results of the previous operation). It can happen because of temporary interruptions of connection with the trading server. In this case your new order will be queued in the client’s terminal, and this message will appear when attempting to execute any operation. ‘In order to clear the list of requests just restart the terminal’.
If the account history has disappeared, you shall do the following:
1. Check the system date for correctness.
2. Right-click on the tab "Account History" and select "All history". You can also select the history for any period you are interested in.
You can calculate it with the help of the trader’s calculator. The calculation formula is defined as follows:
The cost of point in the currency of the deposit:
(Cross-rate of the currency of the order to USD) х (order volume in lots) х 100000 х (point) / (current rate),
where the transaction currency is the first currency in the pair.
The price of a point (EURJPY) = 1.4344 х 1 х 100000 х 0.01 / 162.3 = 8.83
The cost of point for CFD:
Volume (number of lots) х contract size х minimum value of the change of price.
The required margin amount can be calculated with the help of the "trader’s calculator". The calculation formulas are as follows:
Direct quote: Margin=Transaction Volume x Lot size/Leverage x Opening price
For example, Margin=1x100000/200 = 500 (500 EUR) for 1 EURUSD lot with 1:200 leverage. If necessary, convert it into the account currency (for example, USD):
500 x 1.1300=565 USD.
Reverse quote: Margin=Transaction Volume x Lot size/Leverage
For example, Margin= 1x100000/200 = 500 USD for 1 USDCAD lot with 1:200 leverage. Since the first currency in the pair is the USD, the margin is calculated in dollars. If necessary, convert it into the account currency (for example, EUR):
Cross rates: Margin = Transaction volume x Lot size/Leverage x Current rate of the first currency in the currency pair to USD.
For example, Margin = 1x100000/200 = 500 GBP for 1 GBPJPY lot with 1:200 leverage. The margin value is always expressed in the base currency (stands first in a quote). If necessary, convert it into the account currency (for example, USD):
Indexes and oil:
Margin = Trade volume*Contract size*Price/Tick size*Tick price*Margin percent/100
An example for 1 UKBrent lot (as indicated in the specification: Contract size = 1, margin percent = 2, margin currency - USD, tick size = 0.001, tick price =0.1) Margin = 1*1*50,97/0.001*0,1*2/100 = 101,94 USD.
CFDs on shares
Margin=Transaction volume x Lot size x Price x Margin%/100
Since Margin% for all CFDs equals 5, the formula can be simplified:
Margin= Volume x Lot size x Price/20
Margin=Transaction volume x Initial margin x Margin%/100
The initial margin and margin% are indicated in the specification of a financial tool within the trading terminal.
How much commission is charged when opening a CFD trade?
The commission is calculated by use of the following formula:
Commission = (current share price) x (transaction volume) x 0.05.
Carrying over a position to the next day is executed with the help of short operations Roll-over or Swap (Tom/Spot). The roll-over consists of two opposite positions for the same sum but different dates (Tom - tomorrow; Spot - the second working day) and slightly different rates. The roll-over is an forced closure of the existing open position on a specific date and simultaneous opening of the same position on the next date at the price reflecting the difference in interest rates between the two currencies.
Depending on the direction of a position (Sell or Buy) the Client receives or pays the sum for carrying over the position (from one tenth of the point up to several points). When transferring a position from Friday to Monday, the sum charged/paid is threefold. The payment itself is done in the night of Wednesday.
Why does the Client pay or get money for carrying over a position?
The client pays or receives a payment for carrying over a position to the next day in case the client still has some open positions at the closing of the trading day. The difference between rates of the national central banks whose currencies the client is using plays an important role when exchanging currencies. This difference is built in to the swap points. If the Client has sold the currency at the higher interest rate, he will pay for a position transfer. If he has bought the currency at the higher interest rate, the broker will pay him for a position transfer.
This payment charged or received for having transferred a position is called Swap.
As long as you want, but you should keep in mind that if your position is still opened after 00:00 (the time of the terminal, see p.4.16) the fee (SWAP) will be paid or charged for each night while the position is kept opened.
In the conventional sense, a long-term position is an order with an eye to get profit months or even years later. Medium-term transactions are the deals where profit is expected within weeks or more frequently, months. Short-term transactions are operations, which targets shall be reached in the nearest 1-3 weeks. This definition for the terms of the positions is accepted in banks and investment funds and is also used by analysts making forecasts. However, ordinary traders have different definition of long-term and short-term operations. Intraday transaction is a transaction conducted within a day; trading in the few coming days is called short-term; medium-term operations are executed in the next week or two and long-term transactions are operations of the next month or two. This definition is not accepted officially and is used by ordinary players at Forex.
If the margin requirement to maintain open positions is less than the amount of bonus funds, the Stop Out will occur as soon as the equity level reduces to the margin requirement level.
If the margin requirement to maintain open positions is higher than or equal to the sum of bonus funds, the Stop Out will occur as soon as the equity level reaches the level of bonus funds, or as soon as the Margin Level reaches the value of 20% (50% for CENT accounts).
The current state of account is controlled by the server that generates an order to close positions compulsorily in case the Credit Stop Out occurs. The Credit Stop Out is executed at the current market price on the first-come first-served basis.
When you set the "trailing stop" (for example for X points), the following procedure takes place:
The terminal waits until the position gains profit of X points (the amount specified in trailing stop). After that, the terminal sets "stop loss" at a distance of X points from the current price (in our case, at the level of break-even).
If we receive quotes when the distance between the current price and "stop-loss" exceeds X points, the terminal will activate the command to change the Stop-Order for the distance of X points from the current price, i.e. stop-loss follows the current price at the distance of X points. Thereby, the "trailing stop" is the algorithm of controlling the "stop-loss" order – "price movement towards profit".
Attention! The "trailing stop" is an internal function of the terminal, which operates only when your trading terminal is on and connected to our server through Internet. If you set the "trailing stop" and after that switch off your terminal, the value of the last stop loss will be valid for the server.
Automatic reversal in MT4 is currently unavailable. However there are several ways to do it manually:
1. Open the opposite position and after that close the first one.
2. Open the opposite position with twice as much volume and then close them using the option "Multiple Close By". As a result, the "reversal position" is left. In such way you don’t have to pay spread for both positions, which can’t be avoided if you use the advice stated in p.1.
In order to reverse a position in MT5, you need to open an opposite position with twice as much volume: as a result, the reversal position will have the volume equal to the initial one.
Please right-click on any instrument in the "Market watch" window and select "Show all"; or select "Symbols" and after that indicate the trading instrument you are interested in.
A maximum deviationis a value of accessible deviation of the price expressed in pips. By enabling the option "Enable maximum deviation from quoted price" in terminal automatically consents to a new price when opening an order if the new price doesn’t exceed the predetermined deviation. This option is available for the Instant execution type accounts and will be much useful in the conditions of highly volatile market when prices change dramatically. During strong market fluctuations it can be difficult to open an order, and the option “Enable maximum deviation from quoted price" can help to save your time. Otherwise, in case a price changes fast when placing an order, the server will ask the trader to open a trade at a new price available for the moment. It will take up some time and can prevent the possibility of entering the market.
In case of strong market movement or when a server is rebooted, it can be difficult to place an order, so not to waste your time you can use the function "Enable maximum deviation from quoted price". To do this in the window of the trading terminal where you place your order tick the function "Enable maximum deviation from quoted price," and indicate the value of permissible deviation in points.
Accordingly, if the price changes inside this range of 3 pips during the time of order opening, the order will be opened at a new price all the same.
"Support" and "Resistance" are the concepts of technical analysis from the classic theory by J. Dow. Support level is the level below the current market price, which suggests that the price rate can reverse upward. Resistance level is above the current market price, suggesting that that price rate may go down.
Profit of 100 points is often referred to as the "Figure" of profit. The figure of the price movement is the movement of price of 100 points. The round amount is also sometimes called "the figure". For example: the expression "EUR/USD is going through the 17th figure" means that the rate went up above the level of 1.1700.
Money management is the system incorporating certain rules in regard to admissible risks, as well as strict strategic framework for trading, such as: always consistent and unchanging tactics for placing orders, irrespective of time or conditions; thorough fundamental and technical analysis and desire to find the best points for entering the market. Lately, this concept has become more general, and in the result of constant communication between traders at forums and seminars has lost its specificity; however at the same time it has become widely spread and easier for understanding.
Therefore, it is assumed that Money Management is a set of simple principles: to not risk more than one percent of the deposit at each deal; the principle of not entering the market (which means that it is better to wait for the better conditions and avoid transactions in case of ambiguous situation); to place stop-losses at the distance of 40-60 points from the price level of the transaction; to not chase instant profit of 20-30 points but concentrate on long-term and thus more profitable and less risky operations; constantly follow fundamental and technical analyses, basing your trading strategies on these analyses.
These are interests paid on surplus funds (annual interest). At the end of every day, at 23:59 (the time of the terminal, see p.4.16), the account status is checked and the amount of client’s own funds, which is not involved in the trading process, is determined. The amount of the daily interest is calculated as follows:
%, daily = (free_margin - credit)*interest_rate/100/360, where
free_margin - credit – the amount of client’s free funds at the time of calculation;
interest rate – stated interest rate;
360 – number of days in the year.
The interest calculation algorithm is designed by a software developer and cannot be adjusted. The value is calculated daily, stored and summed up automatically. On the last calendar day of the month interests are paid for the whole month with the help of just one balance operation and with the "IR" comment.
Note: interest does not apply to Islamic (swap free) accounts. The accrual is made only in active accounts. If on the last calendar day of the month the account is archived, the payment of interest for the period when the account was active (daily interest paid in the current month) will not be made. The account is archived if it has not been active for 90 days on condition that the account balance is less than 1000 units of the account currency. If the balance is above this amount, the account will not be archived and the interest is paid in to the client’s account.
The information is available on the developer’s site: https://www.metaquotes.net/en/metatrader5/algorithmic-trading/mql5.
A wide range of user advisers, indicators, and scripts can be found at http://codebase.mql4.com/.
If you wish to earn with LiteForex, you can choose one of the following types of partnership programs:
All these programs provide different cooperation opportunities, that’s why you will find for sure the one that suits you best. Depending on your experience, potential and the expected result, you can choose any program which fits you best.
You may join as many programs and create as many campaigns as you wish.
A client who uses your affiliate link (clicks on it, copies it in the address bar of a browser or clicks on the advertizing banner with the embedded affiliate link) is navigated to our site, registers and becomes your referral. And you make profit from this.
You can find it as soon as you have created an affiliate campaign in the affiliate panel. Visit the "Campaigns" section and choose the campaign whose link you wish to see – the referral link will be displayed at the bottom of the screen.
They will be available to you in the "Promo materials" section within the affiliate panel as soon as you have created a campaign.
On the main page of the affiliate panel or in the "Campaigns" tab.
Affiliate commission can be withdrawn through any method displayed in the "Affiliate program" section. Withdrawal requests are processed in accordance with the company’s regulations. Please, remember that withdrawal through bank transfer may be used solely in case the withdrawal amount exceeds 500 USD.
No, you can't. An affiliate account is used only to receive commission. In order to conduct trading operations, you can open an additional trading account in your profile.
"Autoreferral" means getting the commission from your own trading accounts. Neither a partner nor his relatives or any partner’s affiliated entities may act as referral.
Yes, you can review the list of referrals in the Affiliate Panel.
The number of referrals is not limited: the more referrals you bring in, the more you will earn.