LiteForex – Forex Broker Review and feedback from traders Open account Min. deposit $50 Website address liteforex.com Demo account Yes Currency CHFEURGBPUSD Supported languages EngRus Active Yes Payment Methods Credit CardMastercardNetellerPerfect MoneyQIWISkrillVisaWestern Union Instruments Forexindicesmetals Min. trade price 0.01 lots Regulated By CySEC MetaTrader 4 Yes MetaTrader 5 Yes cTrader No OmniTrader No AlgoTrader No TradingView No Trading Central No Autochartist No eSignal No STP Account No ECN Account Yes DMA Account Yes MAM Account No PAMM Account No LAMM Account No Demat Account No Mobile Apps Yes Margin Trading No Volatility Index No Spot Trading No Perpetual Swaps No ELWs No REITs No AI / Machine Learning No Robo Advisor No P2P Trading No Negative Balance Protection No VPS Hosting No Tournaments No Demo Competitions No Managed Accounts No Market Maker No Auto Trading Yes Social Trading Yes Copy Trading No Trade Signals Yes Islamic Account No Guaranteed Stop Loss No Commodities GoldSilver Forex Trading Trade a long list of forex pairs with leverage. Forex GBPUSD Spread Floating from 0 Forex EURUSD Spread Floating from 0 Forex EURGBP Spread Floating from 0 Forex Assets 50+ Crypto Lending No Crypto Staking No Crypto Mining No Crypto Auto Market Maker No Ladder Options No Boundary Options No Show all >>* The amount that will be credited to the account in the case of a successful deal*General Risk Warning: Your capital might be at riskMin. deposit20$Min. trade price1$Website addressliteforex.comDemo accountYesCurrencyCHFEURGBPUSDSupported languagesEngRusActiveYes * The amount that will be credited to the account in the case of a successful deal Open accountGeneral Risk Warning: Your capital might be at risk Saqib Iqbal Author 5 min read Published: February 08, 2019 Updated: August 12, 2022 Views: 119Review of famous brokerage companies: LiteForexThe choice of a reliable broker offering the most favorable terms of cooperation is the main task of every novice trader. Unfortunately, in this case, there is no universal algorithm that allows to distinguish fraudsters from decent participants in the global financial market. Therefore, many newbies often fall prey to swindlers and lose interest in online trading forever. In order to avoid such problems, it is necessary to carefully analyze the key performance indicators of the broker, using reliable sources of information. Do not blindly trust reviews on the Internet, if the author does not provide real evidence of fraud. Before starting to study the service, you need to carefully check the “black lists of brokers” and find out the real “age” of the company. The last indicator is very important, because fraudsters are trying, as soon as possible, to turn their scam and forever leave the already unnecessary web resource. Using the example of the well-known LiteForex trading platform, let’s see what characteristics of the service indicate its reliability and readiness to fulfill its obligations. What attracts traders company LiteForexThe represented company (more precisely, two legal entities – LiteForex Investments and Limited Liteforex (Europe) Limited) began its activities in 2005. From the first days of its existence, the broker used non-standard methods to attract new customers. To do this, the creators of the service have developed a system of cent accounts and reduced the minimum amount of the initial deposit to $ 1. As a result, the company for a short period of time, becomes known in almost all countries where they were interested in trading in the Forex market. Hundreds of thousands of users had the opportunity to engage in online trading without fear of fraud or other unpleasant “surprises” from the administration of the resource.Safety of LiteForex tradersThe company in question has been providing financial services for more than 10 years. During this time, hundreds of thousands of traders from almost all corners of our planet became its clients. Applications based on MT4 and MT5 platforms created for LiteForex allow you to work on the broker’s website using mobile devices or a regular computer. At the same time, users do not have to worry about the safety of funds or personal information.Traders’ deposits are stored in separate accounts, which allows you to finish trading at any time and receive your money. Additionally, to ensure the safety of the client’s funds, insurance and protection against negative balance are applied.Regulators LiteForexExperienced traders believe that the main factor to ensure the safety of users of the trading platform are the specialized agencies, which carefully check the broker and issue him the appropriate license. In this case, the work of the LiteForex group of companies is regulated in accordance with:1. Marshall Islands Business Corporation Act.2. MiFID (Directive on markets and financial instruments).3. The rules of the Cyprus Commission on stock exchanges and securities (CySEC).This is quite enough to safely register a login and make trade and financial operations at LiteForex. Some of the other popular brokers regulated by CySec include Orbex and IC Markets.LiteForex educationIn the “Beginners” section of the company’s official website, you can find training materials that will help beginners understand how the global financial market functions and what needs to be done to turn it into a source of profit. With the help of a general educational program, e-books / textbooks and a glossary, even a person with a zero level of training can obtain the necessary theoretical knowledge. After that, you can proceed to the study of trading strategies and indicators (these sections will interest not only beginners, but also experienced traders).Practical training of resource users is carried out using a demo account developed by LiteForex specialists. This tool allows you to see how deals are made, how much their performance depends on the trader, what mistakes they most often make, etc.LiteForex broker requirements for its clientsBesides the training account, the company’s website provides for:● CLASSIC. Trading account with a minimum deposit of $ 20, no commission, with a floating spread of 1.8 points.● ECN. The minimum deposit of $ 20, interest is charged on the balance (2.5% per annum), the maximum amount of commissions is $ 5 per lot, a spread of 0.1 p.Regardless of the type of accounts chosen, traders can copy the deals of successful colleagues (social trading).Trading conditions on LiteForexStudying reviews compiled about LiteForex, we can conclude that the majority of resource users find the work on this platform comfortable and quite effective. This was made possible due to the following conditions:● The minimum deposit amount is $ 20.● Currencies: euro, Swiss franc, US dollar, Russian ruble.● Minimum transaction – from 0.01.● Leverage – 1: 500 – 1: 1.● Affiliate program – provided.● Islamic account – is.● Maximum contract size – $ 100 thousand.● Personal Manager – provided.Deposit and withdrawal of funds LiteForex● Perfect Money.● EasyPay.● Neteller.● Skrill● CashU.● Webmoney.● Yandex money.● EgoPay.● OKPAY.● W1.● Bank transfers.● Cryptocurrencies.● Payment cards.LiteForex assetsMany traders leave positive comments about LiteForex, focusing on the large selection of trading assets offered by the brokerage company to its customers. Their list includes: currency pairs, precious metals, raw materials, indices, cryptocurrencies, CFD contracts.Based on the above information, we can conclude that the broker is a reliable company, which is simply not profitable to break agreements with its customers. A good reputation in this business costs much more than a few thousand dollars saved by traders. Also check out our review of forex broker OvalX.Visit »It is one of the best international brokers. Different types of assets, convenient and reliable platform, favorable trading conditions. Want to know more? Click here. Start tradingGeneral Risk Warning: Your capital might be at risk
Saqib Iqbal Author 5 min read Published: February 08, 2019 Updated: August 12, 2022 Views: 119Review of famous brokerage companies: LiteForexThe choice of a reliable broker offering the most favorable terms of cooperation is the main task of every novice trader. Unfortunately, in this case, there is no universal algorithm that allows to distinguish fraudsters from decent participants in the global financial market. Therefore, many newbies often fall prey to swindlers and lose interest in online trading forever. In order to avoid such problems, it is necessary to carefully analyze the key performance indicators of the broker, using reliable sources of information. Do not blindly trust reviews on the Internet, if the author does not provide real evidence of fraud. Before starting to study the service, you need to carefully check the “black lists of brokers” and find out the real “age” of the company. The last indicator is very important, because fraudsters are trying, as soon as possible, to turn their scam and forever leave the already unnecessary web resource. Using the example of the well-known LiteForex trading platform, let’s see what characteristics of the service indicate its reliability and readiness to fulfill its obligations. What attracts traders company LiteForexThe represented company (more precisely, two legal entities – LiteForex Investments and Limited Liteforex (Europe) Limited) began its activities in 2005. From the first days of its existence, the broker used non-standard methods to attract new customers. To do this, the creators of the service have developed a system of cent accounts and reduced the minimum amount of the initial deposit to $ 1. As a result, the company for a short period of time, becomes known in almost all countries where they were interested in trading in the Forex market. Hundreds of thousands of users had the opportunity to engage in online trading without fear of fraud or other unpleasant “surprises” from the administration of the resource.Safety of LiteForex tradersThe company in question has been providing financial services for more than 10 years. During this time, hundreds of thousands of traders from almost all corners of our planet became its clients. Applications based on MT4 and MT5 platforms created for LiteForex allow you to work on the broker’s website using mobile devices or a regular computer. At the same time, users do not have to worry about the safety of funds or personal information.Traders’ deposits are stored in separate accounts, which allows you to finish trading at any time and receive your money. Additionally, to ensure the safety of the client’s funds, insurance and protection against negative balance are applied.Regulators LiteForexExperienced traders believe that the main factor to ensure the safety of users of the trading platform are the specialized agencies, which carefully check the broker and issue him the appropriate license. In this case, the work of the LiteForex group of companies is regulated in accordance with:1. Marshall Islands Business Corporation Act.2. MiFID (Directive on markets and financial instruments).3. The rules of the Cyprus Commission on stock exchanges and securities (CySEC).This is quite enough to safely register a login and make trade and financial operations at LiteForex. Some of the other popular brokers regulated by CySec include Orbex and IC Markets.LiteForex educationIn the “Beginners” section of the company’s official website, you can find training materials that will help beginners understand how the global financial market functions and what needs to be done to turn it into a source of profit. With the help of a general educational program, e-books / textbooks and a glossary, even a person with a zero level of training can obtain the necessary theoretical knowledge. After that, you can proceed to the study of trading strategies and indicators (these sections will interest not only beginners, but also experienced traders).Practical training of resource users is carried out using a demo account developed by LiteForex specialists. This tool allows you to see how deals are made, how much their performance depends on the trader, what mistakes they most often make, etc.LiteForex broker requirements for its clientsBesides the training account, the company’s website provides for:● CLASSIC. Trading account with a minimum deposit of $ 20, no commission, with a floating spread of 1.8 points.● ECN. The minimum deposit of $ 20, interest is charged on the balance (2.5% per annum), the maximum amount of commissions is $ 5 per lot, a spread of 0.1 p.Regardless of the type of accounts chosen, traders can copy the deals of successful colleagues (social trading).Trading conditions on LiteForexStudying reviews compiled about LiteForex, we can conclude that the majority of resource users find the work on this platform comfortable and quite effective. This was made possible due to the following conditions:● The minimum deposit amount is $ 20.● Currencies: euro, Swiss franc, US dollar, Russian ruble.● Minimum transaction – from 0.01.● Leverage – 1: 500 – 1: 1.● Affiliate program – provided.● Islamic account – is.● Maximum contract size – $ 100 thousand.● Personal Manager – provided.Deposit and withdrawal of funds LiteForex● Perfect Money.● EasyPay.● Neteller.● Skrill● CashU.● Webmoney.● Yandex money.● EgoPay.● OKPAY.● W1.● Bank transfers.● Cryptocurrencies.● Payment cards.LiteForex assetsMany traders leave positive comments about LiteForex, focusing on the large selection of trading assets offered by the brokerage company to its customers. Their list includes: currency pairs, precious metals, raw materials, indices, cryptocurrencies, CFD contracts.Based on the above information, we can conclude that the broker is a reliable company, which is simply not profitable to break agreements with its customers. A good reputation in this business costs much more than a few thousand dollars saved by traders. Also check out our review of forex broker OvalX.Visit »It is one of the best international brokers. Different types of assets, convenient and reliable platform, favorable trading conditions. Want to know more? Click here. Start tradingGeneral Risk Warning: Your capital might be at risk