Yes, I trade with LF since 2007...without any problem
Yes, I trade with LF since 2007...without any problem
What can you say about the execution?
You can open live account ( with 1$and testing this broker
Hello!
I am Sergei Shuvalov, a representative of LiteForex. I am here to answer any questions about trading in LiteForex. Please do not hesitate asking.
I'm a day trader and I make a lot of trades every day. I’d like to know your company’s attitudes to fast multiple trades.
No problem. Fast trades are allowed and scalpers are welcome.Originally Posted by Memento mori
But there is a point in the agreement between the broker and the client that doesn’t allow trades that last less than 2 min. Isn’t it a restriction to scalpers?
Concerning ‘2 minutes rule’, yes, we do have in our Agreement on Quoting System and Transactions Procedure the following article:
‘7.3. Brief trades (less than 2 minutes), including lock trades may be declared invalid should it be obvious they are unlawful.’
The key words here are ‘may be’ and ‘unlawful’. These trades may be declared invalid only in case they are obviously unlawful. The reason we include this rule in the Agreement is that we faced many problems with cheaters. There are some bugs in MetaTrader that can be used by cheaters to make profits from the system’s vulnerability. It makes the company lose its money for the company is not able to hedge such trades. These trades last less than 2 minutes.
If you are an honest scalper (not a cheater) you have nothing to worry about for unlawful trades are easy to identify. Nobody will be going to cancel real scalpers trades.
Oh, thats a good news. I guess it will not hamper in trading as I have no plan to make cheating attempt there. Scammers are everywhere and if this condition don't create any problem with honest users, its okay to me. Thanks for this information.
Guys, i wonder how much time do you spend trading every day?
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