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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

3.91
11 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:
Forex 1:200
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:
Forex 1:500
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:
Forex 1:400
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/USD GBP/USD USD/CHF USD/CAD USD/JPY AUD/USD NZD/USD EUR/AUD
Live spread

N/A N/A N/A N/A N/A N/A N/A N/A
Average spread
for the past
30 days
Average spread Interval:
N/A N/A N/A N/A N/A N/A N/A N/A

LiteForex quotes All quotes LiteForex

Enable data feed
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
N/A N/A N/A N/A N/A N/A N/A N/A

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
Кипр , Лимассол Gladstonos Street, 124
show on the map
8-800-707-2963 Поддержка клиентов

Recent customer reviews of LiteForex

Rebecca Austin 01 March 2020

Advantages: Quick recovery

Disadvantages: None

Comment: They want more money in and when you decline to take loans worth of €90,000.00 they’ll empty your investment account. That's what happened to me. In the beginning it seemed to be ok, but when you want to take money out it is not possible. They say it takes long time to gather the money etc etc. There's always excuse why you can not have your money back. I have contacted them via customer service and I never got reply in written. My first contact to them was the trading pause of seven weeks. I had that time on my account €85,654.00, suddenly when they started to do the trading, there was less that €20,867.00 left. I checked the trading history win loss report and there wasn't loss enough that could've explained the disappearance of 60,567.0 euros. I was not able to get access to my invested capital including my bonus in the Bloombex account, God so kind, luckily as I was researching for how to get my funds back from the scam broker, then I came across a comment on the broker reviews website, that talks about a recovery expert, on binary,forex,crypto and bitcoin trade recovery, Mr Nathan Harold, he was to guide me the process to get my funds from the scam investment broker Bloombex option trade. Him and his team worked relentlessly to get my refund. Feel free to reach out to him , if you had same experience via his email address: nathanharold076@gmail.com and he will guide you on steps to take and get your invested capital including your bonus back.

Comment
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Christy Noga 29 February 2020

Advantages: *****

Disadvantages: ******

Comment: Hello everyone feel free to reach out to Mr barry on Barrysilbert540@gmail.com  if you need help or guidance on how to recover your lost fund using good strategy and how  profitable trades is been done. And also if you want to recover your lost funds using his masterclass strategy he can help you. I'm earning $10,250 weekly using his masterclass.. you can also reach him out on whatsapp  +447508298691. you can also reach out on this email expert.traders4u@gmail.com.

Comment
Add a COMMENT
LOUIS David 24 February 2020

Advantages: get all my money back

Disadvantages: lost my fund

Comment: I think the crypto currency Authority should look into the fraudulent activities taking place in the crypto currency word by Brokers and Account Managers. 80% of Forex , Binary and Bitcoin Brokers and Account are operating illegally all they do is to steal fund from traders , I was a victim , they convinced me into investing with them after depositing my fund they refused me access to withdraw my fund rather requesting for more deposit. It was a painful experience, but God so kind I came across a broadcast talking about how Mr Derrick Glenn helped victims who lost their fund to Brokers and Account Managers , I took the opportunity and contacted Mr Derrick through the email they displayed for consultation, after receiving my mails he ask for information about my trading and the Broker name ,Account manager name , the Total amount I lost and the year. I forwarded all the details to him . With their help I was able to get back the total amount I lost , the crypto security agencies mission is to make the crypto market a safe place for all traders and investors. If you’re having difficulties in withdrawing your funds or you have lost your fund in years or months back but you still have details of the broker or account manager who stole your money kindly contact Mr Derrick Glenn he will hear you out and give you the right step to take and get back your money successfully, contact him with his email below Derrickglenn88@gmail. com

Comment
Add a COMMENT

LiteForex news & press-releases

All news LiteForex
24 MARCH, 2020
Gold spreads are widened by the liquidity provider

Gold spreads are widened by the liquidity providerDear clients! We inform you that the gold market is very volatile, the price chart is forming spikes, and our liquidity providers informed about higher spreads.The liquidity p ...

Read more
23 MARCH, 2020
Trading schedule for U.S. stock indexes is changed due to low liquidity

Trading schedule for U.S. stock indexes is changed due to low liquidityDear clients,Please note that, due to the low liquidity in the U.S. stock market, the trading hours for the U.S. stock indexes have been changed. Trading ...

Read more
19 MARCH, 2020
LiteForex is always 1 step ahead and continues work in normal mode

LiteForex is always 1 step ahead and continues work in normal modeDear clients,First and foremost, we would like to emphasize that the service quality and smooth operation of the company’s departments have always been and are ...

Read more

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 ...

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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