LiteForex is a well-established broker since 2005. LiteForex has headquarters in Bulgaria, India, Indonesia, Malaysia, Pakistan, Poland, Russian Federation and Thailand. They are generally well-suited for LiteForex to provide their Forex/CFD trading services to global clients.

This broker has also been regulated by CySEC 093/08 (only LiteForex (Europe) Limited www.liteforex.eu).


Company Information

Website
www.liteforex.com

Established
2005

Country
Bulgaria, India, Indonesia, Malaysia, Pakistan, Poland, Russian Federation and Thailand

Regulation
CySEC 093/08 (only LiteForex (Europe) Limited www.liteforex.eu)

Features

Interest rate on funds

Bonus offers

Trading contests

Affiliate program

Islamic accounts available

Vps

Account Information

Apart from the forex demo account , this broker offers Classic, ECN, ECN (EU) and Classic (EU). To successfully navigate your trading account, you also need to consider about leverage and minimum deposit. Talking about leverage in general, the maximum leverage offered by LiteForex is up to 1:500. Meanwhile, you can open an account with a starting capital of $50

If you want to look for a more simple explanation regarding this broker's account type(s), take a loot at the following chart:


pin

Minimum Deposit

$50

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Maximum Leverage

1:500

pin

Spread

Variable

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Commission

$5


Minimum Deposit $50

Minimum Position 0.01 lot

Spread Variable

Scalping

Expert Advisors

Trailing stop

Pending orders

One-click trading

Mobile trading

Automated trading

Instruments Traded

Besides lots of currency pair, LiteForex also offers some instruments you would like to trade on, such as Forex, Gold & silver, CFD, Oil, Indexes and Cryptocurrencies for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.

As for Classic account, LiteForex specifically provides it with the following instruments and leverage:


Forex

Forex
1:500

Gold & silver

Gold & silver
1:100

Indexes

Indexes
1:100

Cryptocurrencies

Cryptocurrencies
1:50


Minimum Deposit $50

Minimum Position 0.01 lot

Spread Variable

Scalping

Expert Advisors

Trailing stop

Pending orders

One-click trading

Mobile trading

Automated trading

Instruments Traded

Besides lots of currency pair, LiteForex also offers some instruments you would like to trade on, such as Forex, Gold & silver, CFD, Oil, Indexes and Cryptocurrencies for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.

As for ECN account, LiteForex specifically provides it with the following instruments and leverage:


Forex

Forex
1:500

Gold & silver

Gold & silver
1:100

Indexes

Indexes
1:100

Cryptocurrencies

Cryptocurrencies
1:50


Minimum Deposit $50

Minimum Position 0.01 lot

Spread Variable

Scalping

Expert Advisors

Trailing stop

Pending orders

One-click trading

Mobile trading

Automated trading

Instruments Traded

Besides lots of currency pair, LiteForex also offers some instruments you would like to trade on, such as Forex, Gold & silver, CFD and Oil for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.

As for ECN (EU) account, LiteForex specifically provides it with the following instruments and leverage:


Forex

Forex
1:30

Gold & silver

Gold & silver
1:30


Minimum Deposit $50

Minimum Position 0.01 lot

Spread Variable

Scalping

Expert Advisors

Hedging

Trailing stop

Pending orders

One-click trading

Mobile trading

Automated trading

Instruments Traded

Besides lots of currency pair, LiteForex also offers some instruments you would like to trade on, such as Forex, Gold & silver, CFD and Oil for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.

As for Classic (EU) account, LiteForex specifically provides it with the following instruments and leverage:


Forex

Forex
1:30

Gold & silver

Gold & silver
1:30

Payment Methods

Bitcoin : As a payment method, Bitcoin is reliable for its low cost and quick process. Brokers have been integrating Bitcoin as one of their funding methods especially after the cryptocurrency's rise in popularity. Now, traders who have digital wallets can easily transfer their funds to and from their trading accounts.

Neteller : Like PayPal, Neteller is one of the most popular online payment services today. Due to this popularity, nearly all forex brokers accept Neteller as a payment method for their clients' fund deposit and withdrawal. Although the Neteller system is available almost all over the world, it remains particularly popular in Europe.

QIWI : Qiwi is an e-wallet or electronic payment service provider from Rusia that is introduced in 2007. The service is mainly used by individuals and businesses in Russia, Ukraine, Kazakhstan, Moldova, Belarus, Romania, the US, and the UAE.

Skrill : Mostly, all forex brokers provide Skrill as an online payment service option. Fast, easy, and safe transactions are the main reasons why traders using this method. Traders can use Skrill to fund their trading accounts with either payment cards, bank wire transfers, or directly from a Skrill e-wallet account.

WebMoney : WebMoney is one of the major online wallet services which many people use to send money around the world. For this reason, there is a large number of forex brokers that accept WebMoney today. Like other online payment services today, WebMoney is supported by mobile applications to make transactions more efficient.

Wire transfer : Wire Transfer is the most commonly used payment method. Nearly all brokers in the world provide this method on their service. The reason is wire transfer is basically traditional transfer between banks in the worldwide. So, this method is guaranteed for its safety. This really helps traders who avoid third-party payments or don't have credit cards.

LiteForex also provides payment with AdvCash, AliPay, Bitcoin Cash, Credit/debit cards, Ethereum, Litecoin, Monero, Perfect Money, Ripple, Wallet One and Yandex.Money




Trading Platforms

Trading platform is a tool where you can buy or trade an instrument with only some clicks on your device, anytime and anywhere you want. In addition, price chart is also usually provided with some analytical tools to help you analyze the price movement, so you can increase your profitabiliy by placing well-planned trades.

Hereby, LiteForex offers you MetaTrader 4, MetaTrader 5 and WebTrader.

Customer Support

Do you have any question or find any trouble related to LiteForex? If you do, you should reach LiteForex's support to get the information that you need. Here is the detail of the broker's customer support:

Website Languages

Arabic
Chinese
English
French
German
Greek
Indonesian
Italian
Malay
Polish
Portuguese
Russian
Spanish
Thai

Office
Support

Email
Support

Call
Support

Chat
Support

Extensive Review

Regulated by the Cyprus Securities and Exchange Commission (CySEC), LiteForex is also subjected to the European Securities and Markets Authority (ESMA). However, aside from basing its operation on Cyprus, LiteForex also branched to the Marshall Islands. Here, LiteForex hasn't been regulated by any financial regulator yet and conducts its operation under the name of LiteForex Investments Limited (different from LiteForex European Limited which is regulated under CySEC).

Based on some traders' experience registering in LiteForex , the company doesn't strictly limit EU-based traders to LiteForex European Limited. Such traders can openly register under LiteForex Investments Limited that is not subjected to higher leverage restrictions issued by ESMA.

Trading assets in LiteForex range from Currency, Metals, Oil, Stock in CFD, Global Indice, as well as Cryptocurrency. More importantly, the broker provides traders with the chance of trading more than 40 large American companies' Stocks in CFDs.

With the support of both MetaTrader 4 and 5 platforms, LiteForex traders are given the freedom of trading various instruments with the most well-known technologies in trading. It is also the gateway to access an extremely wide selection of custom indicators and Expert Advisors that everyone can discuss and download in MQL4 and MQL5 sites.

ECN and Classic are the only account types offered by LiteForex . Although relatively limited, the account choices have managed to accommodate the majority of traders' needs, particularly those with early to intermediate levels of trading experience.

Interestingly, LiteForex boasts its capability of giving an annual interest for ECN traders which amounts to 2.5% of the accumulated daily free margin. As a complimentary, LiteForex also built a Social Trading system that manages to completely resemble a social media platform with special features solely based on usual trading necessities. The said platform is also easily integrated with traders' Member Area.

On the payment methods' front, LiteForex provides a lot of choices ranging from standard Bank Transfer to electronic payments like Skrill and Neteller. This broker is also known for its ongoing Zero Fees program that relieves traders from the attached fees from each method payment.

More than its commitment to ease traders' experience in terms of payment and trading, Liteforex used to be recognized as one of the first brokers initiating the innovation of Cent Account for small traders, thus the name "Lite". However, the company's focus seems to change over the years so they now choose to limit their service only to ECN and Classic traders.

Furthermore, LiteForex has been serving global retail traders since 2005, an accomplishment not many forex companies can achieve. Therefore, it can be concluded that even though LiteForex is operating as an offshore forex broker, its durability for more than 10 years serves as a reminder of retail traders' trust.

Another thing to note from this broker may come from its expansion to Asian countries and their passionate effort to penetrate the markets profoundly. Not only the language support in the official website, but LiteForex also goes beyond to maximize its commitment by providing local payments and other means specifically tailored for each country's traders.

To keep their traders engaged in more trading activities, LiteForex also holds seasonal trading contests and various kinds of promotional bonuses. Their profile in numerous review sites also indicates a relatively safe broker for retail traders.

Yet, it is important to note that LiteForex offers its service globally as LiteForex Investments Limited which hasn't been registered to any financial regulations. This may subject traders to difficulties in filing complaints and compensation claims should there be unfortunate incidents in the future.

But if we take a look at its long-standing as a comparatively experienced broker since 2005, it is quite safe to say that trading in LiteForex can be considered quite reliable, especially considering its status as an offshore brokerage.




FAQ About LiteForex


Is LiteForex a good broker?

A good broker constitutes a good service for traders in terms of many criteria including trading instruments, deposits and withdrawals, as well as customer support. What is good for a certain trader does not necessarily mean the same thing to you. So the term "a good broker" can vary in meaning. You can decide for yourself if LiteForex is a good broker for you or not by reviewing the criteria. In general, LiteForex provides trading service in Forex , Gold & silver , CFD , Oil , Indexes and Cryptocurrencies . As for the payment methods, you can choose between AdvCash, AliPay, Bitcoin, Bitcoin Cash, Credit/debit cards, Ethereum, Litecoin, Monero, Neteller, Perfect Money, QIWI, Ripple, Skrill, Wallet One, WebMoney, Wire transfer and Yandex.Money. The customer support is available via Callback, Email, Forum, Live chat and Phone.


What is the minimum deposit for LiteForex?

The starting capital in LiteForex is $50.


Is LiteForex regulated?

LiteForex is regulated by CySEC 093/08 (only LiteForex (Europe) Limited www.liteforex.eu). A regulated broker equals a more responsible trading environment. You can also expect a more guaranteed safety of funds as some of regulatory frameworks in the financial industry require a compensation scheme in case of unprecedented incidents that result in clients' financial losses.


Is LiteForex legit?

LiteForex is a brokerage company offering trading services for clients since 2005 with offices in Bulgaria, India, Indonesia, Malaysia, Pakistan, Poland, Russian Federation and Thailand.


Give Your Review and Rate This Broker


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5 Reviews

Zayn Abdussalam
This review is not supported by evidence

Jul 22 2020

Liteforex was not a well-known broker for me, but after looking for some information about them, I decided to register for the demo account. This is pretty good, bro! Recommended for those who are short of capital, especially on their cent account :)

Yoppie
This review is not supported by evidence

Jul 22 2020

So far, Liteforex's Customer Service is very satisfying although I have complained a lot XD... They explained everything to the clients patiently. Lteforex is the best!

Uthe Wilhelm
This review is not supported by evidence

Jul 22 2020

It's very good to trade at LiteForex. Unfortunately, their deposit has the commission. If only LiteForex were giving zero commission fees, I would definitely feel even more at ease LOL

Jeha Kim
This review is not supported by evidence

Jul 22 2020

LiteForex is quite transparent. Their Customer Care is fast response and fluent in Indonesian. My friends mostly use this broker, so I tried it and it was good overall. Thankyou!

Thaleea PO
This review is not supported by evidence

Jul 22 2020

Liteforex's site is quite often in maintenance. Fortunately, the fixes are on weekends. Plus, their deposits-withdrawal process goes well. I give 4 for LiteForex!