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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

3.22
27 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, 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
Regulated by: CySEC (Cyprus)
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
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:
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
Кипр , ЛимассолGladstonos Street, 124
show on the map
8-800-707-2963Поддержка клиентов

Recent customer reviews of LiteForex

Taro 14 October 2020

Advantages: None

Disadvantages: everything's bad

Comment: LiteForex is not a good broker, at least to me. Slippage occurs, spreads are a bit higher, and customer support can be extremely slow in responding to questions. I had spent only 2 months with this broker. Now I’m with FBS, and I’m enjoying trading with this company so far. I’ve changed brokers 4 times already this year. I hope FBS is the one.

Comment
Add a COMMENT
Taurin 12 October 2020

Advantages: 5 star broker

Disadvantages: None

Comment: For two years I’ve been trading Forex with LiteForex, and I can say with full confidence that this is a great broker. Spreads and commission are the lowest I’ve seen in the industry. Execution of trades couldn’t be any faster, the best! Support is also great, they are able to answer my questions professionally and enthusiastically. I’d like LiteForex to be my last broker, so I hope they keep this up!

Comment
Add a COMMENT
shin 07 October 2020

Advantages: Good broker overall

Disadvantages: None

Comment: LiteForex is a good broker for newbies. It’s easy to understand their platform, and their trading conditions are very beginner-friendly. My account manager is very helpful from account opening until now. Technically, their execution is fast, and the trading platform is very stable and responsive. I like LiteForex!

Comment
Add a COMMENT

LiteForex news & press-releases

All news LiteForex
02 JULY, 2020
LiteForex anniversary: LiteForex turns 15

LiteForex anniversary: LiteForex turns 15Dear clients and partners!Today is the day when we have reached an important milestone and a mature age that is marked with major achievements of the company. Today LiteForex celebrate ...

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25 JUNE, 2020
Changes in LiteForex's trading schedule due to upcoming holidays on stock exchanges

Changes in LiteForex's trading schedule due to upcoming holidays on stock exchangesDear clients,Please get acquainted with upcoming changes in LiteForex’s trading schedule this month.Hong Kong Special Administrative Region Es ...

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11 JUNE, 2020
LiteForex trading hours amended from 24th till 30th of June, 2020    

LiteForex trading hours amended from 24th till 30th of June, 2020 Dear clients, We would like to draw your attention to the trading schedule over the upcoming Dragon Boat Festival in China and Hong Kong on June 25-29, 2020. P ...

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LiteForex bonuses, contests and promotions

All bonuses, promotions, contests LiteForex
Offer type : Contests(until 01.01.2021)
Best of the Best Demo Contest - LiteForex

LiteForex’s Best of the Best demo contest is a thrilling way to gain trading experience and at the same time earn real cash prizes! The goal of ...

Offer type : Contests(until 31.08.2019)
Show Your Worth Contest - LiteForex

The Show Your Worth contest of LiteForex is a vlogging contest in which participants will make a video review, a forecast, or a lesson.  After a ...

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 ...

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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.