With the reduced spread, the trading cost is lower and LiteForex client could focus more on managing their account balance. Here are the details.
Reporting from its official page, LiteForex has cut spreads on the XAU/USD pair. This spread cut applies to Classic and Cent accounts, with an average value of 20 pips. These changes take effect from 18 September 2020. Gold is one of the most popular instruments in the trading world. Therefore, this news is certainly a breath of fresh air for gold traders who join LiteForex.
All account types provided by LiteForex have floating spread characteristics. The broker, which has been established since 2005, is committed to providing the best trading conditions in the forex market. Regulated by the Cyprus Securities and Exchange Commission (CySEC), LiteForex is also subjected to the European Securities and Markets Authority (ESMA).
For trading at LiteForex, traders can make deposits starting from 50 USD and use maximum leverage of up to 1: 500. Besides lots of currency pairs, LiteForex also offers some instruments you would like to trade on, such as Forex, Gold & Silver, CFD, Oil, Indexes, and Cryptocurrencies. The broker provides traders with the chance of trading more than 40 large American companies' Stocks in CFDs.
Apart from offering competitive trading conditions, LiteForex also often holds various trading competitions and promotional bonuses for its traders. Complete information about the LiteForex broker can be found on their official page.