Risk Warning: Your capital is at risk. Statistically, only 11-25% of traders gain profit when trading Forex and CFDs. The remaining 74-89% of customers lose their investment. Invest in capital that is willing to expose such risks.

LiteForex Review

4.11
9 reviews
PAYMENT SYSTEMS
  • Deposit
  • Withdrawal

LiteForex general information

Founded in: 2005 year
Headquarters:
Cyprus
Offices in the country:
Vietnam, Indonesia, Cyprus, Kyrgyzstan, Malaysia, Poland
Minimum Deposit: 10 $
Website: www.liteforex.com
Website languages:
English, Arabic, Bahasa Indonesia, Spanish, Italian, Chinese, Malaysian, German, Polish, Portuguese, Russian, Thai, French
Execution model:
ECN
Deposit currency: USD, EUR, CHF, RUB
Support languages:
English, Bahasa Indonesia, Malaysian, Portuguese, Russian
Regulated by: CySEC (Cyprus)
Mobile trading: iOS, Android
Types of offered accounts:
Unlimited Demo accounts, Demo accounts (with time limit), Standard accounts, ECN accounts, Cent accounts, Swap free счета
Affiliate program: Yes
Deposit bonus: 100 %
Bonus CRYPTO 100%

LiteForex Forex broker description

Lite Forex was conceived in 2005 with a major aim of making it the best by focusing on small-scale traders. It offered very flexible trading conditions during its conception period and it came up with the cent account. In this setup, traders were allowed to make a minimum deposit of $1 in order to execute trades.

This model made them very popular and it acquired many clients all over the world.  This has made it the global brand it is and whose model of operation is followed by many. Its over decade-long stay in the industry has given Lite Forex a great step in having the right experience from dealing with many clients.

Trading Accounts

For a client to be able to execute trades, he or she will need to sign up for a trading account. They will need to sign up using their valid details in email addresses among other valid credentials. Lite Forex review has various account types that are specially designed to meet the individual tastes of its clients. The account types are the demo account, the classic account, and the ECN account.

The Demo Account

The demo account is the account type that is meant for traders who do not know how to trade. This account type will serve as a learning tool for such traders who will be able to execute trades while at it. The trades are simulated and the funds will also be virtual as the key is to teach those who do not know of the concept.

The Classic Account

The classic account is designed for experienced traders or traders who are willing to stake more into trading. The account is flexible and will serve all traders equally both novice and experienced. Its many features are as follows.

  1. Minimum deposit of $50.
  2. Leverages at 1:500.
  3. Increased quoting precision.
  4. Floating spreads from 1.8 pips.
  5. No commissions are charged for this account type.

The ECN Account

The ECN account is an account type for experienced and professional traders who want to use the social trading service. This account utilizes the ECN technology in offering its services. Its features are:

  1. Leverage of 1:500.
  2. Floating spreads from 0.1 points.
  3. Minimum deposit of $50.
  4. Commissions are charged at $5 per lot.
  5. Market type of execution.
  6. Allows for social trading, scalping and news trading

About Lite Forex and Security Of Funds.

Lite Forex has been in business for over a decade and it has much to show for this time. It has its headquarters in Cyprus but due to its resiliency over the years and the expertise gained, it has managed to spread its influence to other counties as well.

This growth has led to revisiting of its strategies and modifying them. This can be seen in the presence of social trading, crypto trading and also its Islamic trading to comply with the sharia law of its Muslim clients. This coupled with good customer service courtesy of its personnel have made it a big force in the forex sector.

Lite Forex is a very credible company that has the right documentation in licenses in the regions it runs its operations. This licenses come from the regulatory bodies in these regions and govern how the company is operated.

Among the licenses that Lite Forex has under its possession include:

  1. A regulatory license in compliance with Marshall Island’s Marshall Island business corporation act.
  2. It is licensed to operate in Cyprus by the Cyprus Securities and Exchange Commission (CySEC).

These regulatory bodies put a lot of emphasis on the protection of clients’ funds. Lite Forex has put up measures to ensure the safety of clients’ funds in compliance with the set regulation. Among the measures put up include:

  1. Segregation of the company's bank accounts from clients' funds' accounts.
  2. Having the state of the art encryption f their databases in case of cyber criminals.
  3. Partnering with credible banks to aid in the storage of such funds.

Trading Conditions

Minimum Initial Deposit

The minimum initial deposit is $10 which serves as the client’s initial base capital for trade execution.

Commission

Commissions are charged on ECN account holder at $5 per lot.

Leverages

Leverages go up to 1:500.

Trading Platforms

The trading platforms that Lite Forex uses are among the best with technological advancements as well as awesome features to boot. This enhances the traders experience while executing trades. The platforms are the Meta trader4, the Meta trader5, and mobile phone platform.

The Meta Trader4 Platform

This is a great platform that comes with many features such as:

  1. A user-friendly interface that makes it easy to use.
  2. Has advanced charting and analytical tools.
  3. Has many indicators.
  4. Gives the trader access forex news from credible sources.

 

The Meta Trader5 Platform

This is another advanced platform that will allow you to trade hassle-free. Its features are

  1. Easy to use.
  2. Has advanced charting and drawing tools.
  3. Allow for social and automated trading.
  4. It is available for both the mobile phone and desktop version.
  5. It is easily customizable.

The Mobile Platform

In a bid to tap into the ever-growing mobile phone sector, Lite Forex has a mobile phone platform that will enable a client to execute trades from the comfort of their phones. This is a downloadable platform that I available for both ios devices and Android operated devices. It is simple to use and lightweight meaning it won't take much of your device's space on download.

Promotions

The following are the promotions currently being run by Lite Forex on its site.

  • The commission compensatory scheme where you receive a bonus upon deposit.

Withdrawals And Deposits

Lite Forex offers flexible withdrawal and deposit methods that will match your convenience. Among the accepted modes include the use of bank cards such as Visa and MasterCard, bankwire transfers, electronic transfers, and cryptocurrencies. The minimum transaction amount is $10 with 0% commission.

Briefly about Lite Forex

This is a very legitimate trader that is totally focused on a great customer experience. Lite Forex customer comments and reviews prove how much this broker is trusted and credible. This is a recommendable trader for any experienced trader.

Trading accounts of LiteForex

  • CENT
  • CLASSIC
  • ECN
Trading platforms: MetaTrader 4, MetaTrader 5
Minimum Deposit : 10 $
Deposit currency :
USD - US Dollar
EUR - Euro
CHF - Swiss Franc
RUB - Russian Ruble
Trading instruments:
Forex 1:200
Cryptocurrencies
Stop Out:
50 %
Minimum position size:
0.01
Maximum position size:
100
Max. number of orders:
300
Execution type:
Market Execution
Swap Free:
Yes
VIP Account:
No
Spread type:
Fixed
Decimal places:
4 decimal places
Margin Call:
100 %
Locked Margin level:
100 %
Speed ​​of execution:
0.001 sec.
Commission:
No
Phone trading:
Yes
Trading platforms: MetaTrader 4, MetaTrader 5
Minimum Deposit : 50 $
Deposit currency :
USD - US Dollar
EUR - Euro
CHF - Swiss Franc
RUB - Russian Ruble
Trading instruments:
Forex 1:500
Cryptocurrencies
Stop Out:
20 %
Minimum position size:
1
Maximum position size:
100
Max. number of orders:
Execution type:
Instant Execution
Swap Free:
Yes
VIP Account:
No
Spread type:
Fixed
Decimal places:
4 decimal places
Margin Call:
50 %
Speed ​​of execution:
0.001 sec.
Commission:
No
Phone trading:
Yes
Trading platforms: MetaTrader 4
Minimum Deposit : 50 $
Deposit currency :
USD - US Dollar
EUR - Euro
CHF - Swiss Franc
RUB - Russian Ruble
Trading instruments:
Forex 1:400
Cryptocurrencies
Stop Out:
20 %
Minimum position size:
0.01
Maximum position size:
100
Max. number of orders:
Execution type:
Market Execution
Swap Free:
Yes
VIP Account:
Yes
Spread type:
Floating
Decimal places:
4 decimal places
Margin Call:
100 %
Speed ​​of execution:
0.001 sec.
Commission:
No
Interest rate:
7.5 % per year
Phone trading:
Yes

Monitoring of LiteForex's ECN account

LiteForex spreads All spreads LiteForex

Enable data feed
EUR/USD GBP/USD USD/CHF USD/CAD USD/JPY AUD/USD NZD/USD EUR/AUD
Live spread

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Average spread
for the past
30 days
Average spread Interval:
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LiteForex quotes All quotes LiteForex

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EUR/USD GBP/USD USD/CHF USD/CAD USD/JPY AUD/USD NZD/USD EUR/AUD
Ask
N/A N/A N/A N/A N/A N/A N/A N/A
Offers
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LiteForex swaps All swaps LiteForex

EUR/USD GBP/USD USD/CHF USD/CAD USD/JPY AUD/USD NZD/USD EUR/AUD
Long
-9.57 -4.5 1.85 0.5 -11.5 -0.1 -0.2 -19.46
Short
2.1 2.25 -6.8 -3.6 3 -2.5 -3 4.81

Contacts of LiteForex

Headquarters
Cyprus , Limassol Gladstonos Street, 124
show on the map
8-800-707-2963 Customer support

Recent customer reviews of LiteForex

Ursula Fischer 03 May 2018

Advantages: Cash rebates, earning from selling signals, great spreads

Disadvantages: i want to have more news

Comment: I am satisfied with the technical support of the LiteForex broker. I wrote to them for get help by using chat, mail and social networks and I got a quick response via all channels. I will continue to work with this broker. Trading conditions do not differ much from other brokers, but I really like their service.

Comment
Add a COMMENT
Eliot R. 13 April 2018

Advantages: Unlimited demo accounts, deposit bonus 100 %, minimum deposit 10$, cryptocurrencies, fixed spread

Disadvantages: Locked margin level 100 %

Comment: This is my first broker and I like working with him. I practiced for a long time on the demo account. Now I have a stable income.

Comment
Add a COMMENT
Mia Lucas 21 March 2018

Advantages: Deposit bonus 200%, cryptocurrencies, MetaTrader 5

Disadvantages: bad analytics from the company

Comment: In this broker I like everything, but they have a very bad analyst. I have to rely on the forecasts of other brokers.

Comment
Add a COMMENT

LiteForex news & press-releases

All news LiteForex
15 JANUARY, 2019
Marginal requirements may be increased for the pairs with GBP and stock indices

Marginal requirements may be increased for the pairs with GBP and stock indicesDear clients!Please be advised that in connection with an extremely uncertain situation around Brexit vote in the UK, there is a possibility of a ...

Read more
17 DECEMBER, 2018
The Company’s quoting and working hours over Christmas and New Year holidays

The Company’s quoting and working hours over Christmas and New Year holidaysDear clients,Please be aware that stock exchanges and financial markets are working short hours over the Christmas and New Year holidays. LiteForex’s ...

Read more
10 DECEMBER, 2018
Marginal requirements may be increased for the pairs with GBP and stock indices

Marginal requirements may be increased for the pairs with GBP and stock indicesDear clients!Please be advised that in connection with the an extremely uncertain situation around Brexit vote in UK, there is a possibility of a ...

Read more

LiteForex bonuses, contests and promotions

All bonuses, promotions, contests LiteForex
Offer type : Contests (until 30.06.2018)
Successful Partner Contest - LiteForex

It’s stressful but rewarding to get new referrals. LiteForex wants to thank its partners through its contest in which the most successful part w ...

Offer type : Contests (until 01.06.2018)
Weekly Sprint Contest - LiteForex

Looking for more funds you can use for Forex trading? Join now the weekly contest presented by LiteForex! The Weekly Sprint Contest is only available ...

Offer type : Contests (until 31.05.2018)
Best of the Best Demo Contest - LiteForex

Are you a competitive individual who likes challenges? Then this contest by LiteForex is for you! You will go against other Forex traders with the obj ...

LiteForex is often compared with

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Risk Warning: Your capital is at risk. Statistically, only 11-25% of traders gain profit when trading Forex and CFDs. The remaining 74-89% of customers lose their investment. Invest in capital that is willing to expose such risks.
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