A Classic account is a great way to begin trading in the Forex market. This type of account offers zero commissions, low spreads, and instant execution. It also allows you to trade in more than 40 currency pairs, two commodities, and 35 stocks. In addition, your account will have a leader order feature that lets you copy other traders’ orders and earn up to 8 USD per lot copied.
Classic accounts typically have a lower minimum balance than other accounts and no monthly fees. They also come with free eBanking services and offer competitive interest rates. These features help you manage your money more effectively and will help you save more money. Regardless of your level of experience, a Classic account will enable you to trade any currency pair with minimal risk.
LiteFinance offers two account types: Classic and ECN. Each type of account has its own conditions, so it’s essential to choose the type that best suits your needs. If you’re a newbie to trading, you’ll likely be better off with a Classic account than with an ECN account. In addition, you’ll have access to more tools and a personal account manager.