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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.

LiteForex Review

3.36
33 reviews
PAYMENT SYSTEMS
  • Deposit
  • Withdrawal

LiteForex general information

Founded in: 2005 year
Headquarters:
Marshall about
Offices in the country:
Vietnam, Indonesia, Cyprus, Kyrgyzstan, Malaysia, Poland
Minimum Deposit: 10 $
Website: www.liteforex.com
Website languages:
English, Arab, Indonesian, Spanish, Italian, Chinese, Malay, Deutsch, Polish, Portuguese, Russian, Thai, French
Execution model:
ECN
Deposit currency: USD, EUR, CHF, RUB
Support languages:
English, Indonesian, Malay, Portuguese, Russian
Mobile trading: iOS, Android
Types of offered accounts:
Unlimited Demo Accounts, Demo accounts (with a time limit), Standard Accounts, ECN accounts, Cent accounts, Swap free accounts
Affiliate program: Yes

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:
Forex1:200
Cryptocurrencies
Stop Out:
50 %
Minimum position size:
0.01 лотов
Maximum position size:
100 лотов
Max. number of orders:
300
Execution type:
Market Execution
Swap Free:
Yes
VIP Account:
Not
Spread type:
Fixed
Decimal places:
4 characters
Margin Call:
100 %
Locked Margin level:
100 %
Speed ​​of execution:
0.001 sec.
Commission:
Not
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:
Forex1:500
Cryptocurrencies
Stop Out:
20 %
Minimum position size:
1 лотов
Maximum position size:
100 лотов
Max. number of orders:
Execution type:
Instant Execution
Swap Free:
Yes
VIP Account:
Not
Spread type:
Fixed
Decimal places:
4 characters
Margin Call:
50 %
Speed ​​of execution:
0.001 sec.
Commission:
Not
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:
Forex1:400
Cryptocurrencies
Stop Out:
20 %
Minimum position size:
0.01 лотов
Maximum position size:
100 лотов
Max. number of orders:
Execution type:
Market Execution
Swap Free:
Yes
VIP Account:
Yes
Spread type:
Floating
Decimal places:
4 characters
Margin Call:
100 %
Speed ​​of execution:
0.001 sec.
Commission:
Not
Interest rate:
7.5 % per year
Phone trading:
Yes

Monitoring of LiteForex's ECN account

LiteForex spreads All spreads LiteForex

Enable data feed
EUR/USDGBP/USDUSD/CHFUSD/CADUSD/JPYAUD/USDNZD/USDEUR/AUD
Live spread

N/AN/AN/AN/AN/AN/AN/AN/A
Average spread
for the past
30 days
Average spreadInterval:
N/AN/AN/AN/AN/AN/AN/AN/A

LiteForex quotes All quotes LiteForex

Enable data feed
EUR/USDGBP/USDUSD/CHFUSD/CADUSD/JPYAUD/USDNZD/USDEUR/AUD
Ask
N/AN/AN/AN/AN/AN/AN/AN/A
Offers
N/AN/AN/AN/AN/AN/AN/AN/A

LiteForex swaps All swaps LiteForex

EUR/USDGBP/USDUSD/CHFUSD/CADUSD/JPYAUD/USDNZD/USDEUR/AUD
Long
-9.57-4.51.850.5-11.5-0.1-0.2-19.46
Short
2.12.25-6.8-3.63-2.5-34.81

Contacts of LiteForex

Headquarters
Маршалловы острова ,
show on the map
8-800-707-2963Поддержка клиентов

Recent customer reviews of LiteForex

Casey 25 May 2021

Advantages: Excellent copy service

Disadvantages: can't upload my previous history of tradinmg

Comment: For the last 3 months I have been using the trades copy service of this broker. I noticed that the list of traders available for copying is constantly growing and you can find those who have been allowing you to copy their transactions for a long time. I am the one who allows you to copy your trades, while my statistics with a trading period of 3 months, but I will improve it. I hope I will have more subscribers willing to copy my trades, I try very hard in trading and this broker is the right place for me

Comment
Add a COMMENT
Marchin 07 May 2021

Advantages: Fast execution

Disadvantages: none

Comment: This broker has a very fast ECN account. I like that all orders are opened and closed very quickly. This speed allows me to use a short-term trading strategy. Also I can use trading advisors

Comment
Add a COMMENT
Garina 03 March 2021

Advantages: Fast service

Disadvantages: Little number of crypto instruments

Comment: It is a good broker for trading cryptocurrency and other instruments. All transactions take place quickly and without delays. I like their service

Comment
Add a COMMENT

LiteForex news & press-releases

All news LiteForex
21 SEPTEMBER, 2021
HK National Day

Dear clients,Please get acquainted with upcoming changes in LiteForex’s trading schedule this month.HK National DayTrading instrumentClosureResumptionHK5020:00 30/09/202104:15 04/10/2021HK Chung Yeung DayTrading instrumentClo ...

Read more
30 AUGUST, 2021
Labor day, US

Dear clients,Please get acquainted with upcoming changes in LiteForex’s trading schedule this month.Labor day, USTrading instrumentClosureResumptionXAUUSD20:00 06/09/202101:00 07/09/2021XAGUSD20:00 06/09/202101:00 07/09/2021F ...

Read more
02 AUGUST, 2021
Summer Bank Holiday, UK - 30.08.2021

Dear clients,Please get acquainted with upcoming changes in LiteForex’s trading schedule this month.Summer Bank Holiday, UK - 30.08.2021Trading instrumentClosureResumptionFTSE23:00 27/08/202103:00 31/08/2021#AHT18:30 27/08/20 ...

Read more

LiteForex bonuses, contests and promotions

All bonuses, promotions, contests LiteForex
Offer type : Contests(until 31.12.2021)
Successful Partner Contest - LiteForex

Calling all the partners of LiteForex! Join its Successful Partner contest and get your share of the prize pool $2500! It’s time to show your n ...

Offer type : Contests(until 31.12.2021)
Best of the Best Demo Contest - LiteForex

Wanna test your trading skills and win cash prizes? The Best of the Best Demo Contest of LiteForex will truly test your ability without any financial ...

Offer type : Contests(until 03.05.2021)
Dream Draw - LiteForex

Join the biggest draw in the industry and win a dream house, a SUV, or any of the 18 latest gadgets!  LiteForex’s Dream Draw is here to ma ...

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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.