General Features, Location and Regulation of Liteforex Broker
Reviewed broker: Liteforex
Established in 2005
Operated by: Liteforex Investments Limited (Marshal Islands), Liteforex Europe Limited (previously known as Mayzus Investment Company)
Regulation: CySEC, Marshal Islands Business Corporation Act.
Location: Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960 with offices in Bulgaria, India, Indonesia, Malaysia, Pakistan, Russia, Thailand
USA traders: not accepted
Note: In addition to USA traders, Liteforex does not provide services for residents of Israel, Belgium and Japan
Awards: LiteForex has been generally recognized by more than half and million clients from all over the world. The company has got a huge number of awards, such as Best Broker in Africa 2019, Asia, Latin America, and the fastest growing broker in Western Europe and Asia. Also, Britain’s leading financial magazine "World Finance" has included us in its "100 World Finance" worldwide list.
Why do more than half million traders choose LiteForex as their Forex provider?
LiteForex is a reliable Company with a flawless reputation that has worked in the sphere of Forex trading since 2005. LiteForex owes its leadership to its multiple advantages that set it apart from most brokers.
- Up-to-date, technologically advanced services;
- Advantageous trading conditions, low spreads and high speed of execution of trading orders.
Set up in 2005, our Company proved to be a trustworthy broker and came to the fore of the financial world. We know that traders choose LiteForex as we never rest on our laurels despite all our achievements and success. We regularly implement new services, develop the network of our representative offices worldwide and increase our clients' potential in the Forex currency market.
LiteForex offers its clients a set of trading instruments under advantageous conditions of margin trading, including:
- Big list of major and exotic currency pairs and cross-rates;
- Precious metals: gold and silver;
- Wide choice of CFDs on shares – blue chips – listed on the world’s biggest stock exchanges (NYSE, NASDAQ);
- Leading American, European, Australian and Asian stock indexes;
- Brent and Crude oil.
Accounts, Payments and Trading Conditions
Trading instruments: forex, precious metals, futures on indexes, CFDs on stock indices
An electronic communication network (ECN) implies that every Forex participant’s order will be matched to a contra-side order with the ECN-broker or with its contactors – liquidity traders whose role is played by big international banks - without any participation of a dealing center. LiteForex, a company with high liquidity, offers these technologies in ECN accounts and thus affords its clients transparent market conditions, under which orders are executed at the best market price with no delays, slippage or re-quotes.
An electronic communication network (ECN) has a number of undisputable advantages:
- Trades are sent directly to liquidity traders
- No broker's intevention
- Instant execution
- No requotes
- No conflict of interests
- No limits on trading strategies
Trading platform: Metatrader 4, Metatrader 5, WebTerminal
The LiteForex Group provides its clients with MetaTrader 4, the most stable and called-for trading platform popular with traders from all over the world, as well as with an updated version of the trading platform MetaTrader5. Besides MT desktop versions, LiteForex’s clients can use WebTerminal to be able to trade right from the browser on any computer wherever in the world without having to install a desktop version. The one and only condition for using WebTerminal is to have access to the internet. Also, the company clients are offered freely downloadable applications intended for trading via mobile devices and tablets (Android, iOS and other OS).
Account types: ECN, Classic
The clients of LiteForex Investments Limited are offered the following types of trading accounts: ECN, CLASSIC. In this way, LiteForex’s clients can choose the best option to fit in with their trading strategies and needs.
Demo accounts at LiteForex - training under real market conditions
A Forex demo account is a training account that is perfectly suitable for practising and getting ready for trading with real money. You can use your demo account free of charge to boost your trading skills, refine on your trading strategies or test Experts-Advisers under real market conditions. Money put on a demo account is a virtual investment. Demo accounts can be opened via Personal Profile in less than 1 minute. Master the MetaTrader platforms and acquire trading experience on a demo account from LiteForex with no risk of losing any of your money.
Training account DEMO ECN
Trading on a DEMO ECN account will help both Forex beginners and Forex professionals work out their own trading plans and choose the most convenient strategy. There’s no risk of losing money when refining on your trading strategies. Try out a few ideas and choose the best system that will yield you profits in the future when trading on a real account.
Maximum leverage up to 1:1,000
Minimum deposit requirement: $10
Payment systems’ fees are reimbursed as balance funds when you make a deposit. Make a deposit into your trading account with LiteForex and we will reimburse you for the deposit fee under the ZERO Fees promotion.
Payment methods: credit cards, wire transfer, litecoin, bitcoin, skrill, neteller, perfect money, ok pay, qiwi, wallet one
LiteForex Investments Limited processes automatically withdrawal requests (up to $100), which speeds up the process of funds withdrawals and reduces waiting times for all clients. This option is fully automated and no action is needed on your part. Just send a request for withdrawal from the Client’s Profile, and your funds will be immediately transferred to your wallet.
Islamic swap free accounts: available
Social trading: yes.
The SocialTrading platform is traders' social network that provides 4 ways of copy trading. SocialTrading brings global traders together to form a successful community where they can use one another's experience to reach their goals.
- Communicate with other community members: share your thoughts and trading achievements in the newsfeed.
- Duplicate successful traders’ trades in your own account or share them with others through our copy-trading system.
- Share your knowledge and experience in your newsfeed, attract new followers, motivate them to copy your trades and earn a commission from their profits.
LiteForex' copy trading system brings you a high income and confidence in trading decisions every day.
Spread refunds: special feature for VIP Club members, where traders can receive partial spread rebates from each completed trade
Instant execution: yes
One click trading: yes
The service "One click trading" available to LiteForex’s clients within the terminals MetaTrader4 and MetaTrader5 makes execution of trades as simple as possible. You can conduct a big number of transactions without losing your time, which sometimes extremely influences trading results. Having optimized the closing and opening of positions with the help of the feature set "One click trading", you’ll be able to make profit with a single mouse-click.
Automated trading: yes
Trading strategies: all allowed, no limitations
Educational materials: daily forex market analysis, video reviews, expert opinion
Automated withdrawals: immediate transfer of funds to your wallet for up to $100
VPS hosting: available for $15 per month
Forex VPService is the best way to control your trading even when your computer or gadget is turned off
The VPS from LiteForex is based on the virtualization technique named Microsoft Hyper-V that uses a 64-bit hypervisor isolated from the main OS. This technique guarantees that all the resources stated in the price plan will be available for the clients anytime regardless of the company server workload.
Thanks to the VPS service, Forex trading won’t depend on your Internet connection or power supply. The VPS runs uninterruptedly and round the clock.
Qualified support team 24 hours.
Spread types: fixed, variable
Spreads start from 3 pips
Typical ECN spread: 0.9
Margin call level: from 20%
Stop out level: 10%
Currency pairs: 40
Learning Material and Latest Promotions
Current promotion from the broker:
Once again not only your close ones give presents on the New Year but also LiteForex! More than 100 presents are waiting for you this time.
Take part in the New Year Promo 2020 and win one of these prizes:
- MacBook Pro 13" 512GB SSD
- iPad Pro 11" Wi-Fi 256GB
- iPhone 11 Pro Max 256GB
- 50 $50 prizes
- 50 $10 prizes
Hurry up! Only the first 999 clients that deposit $1000 or more in one transaction in the period from 01.12.2019 to 24.01.2020 will participate in the promo. Each trading account will have its own unique number.
In January, the prizes will be awarded in five stages, the market situation will decide the winner. Good luck to you and may your number be in the list of winners!
Bonus and promotions: non stop bonus 30% for deposit over $100 within 24 hours following the opening of your new trading account plus another 15% of all subsequent deposits, pips back up to 35% of spreads, bonus go 200% unlimited bonus on every deposit over $100
Non deposit bonus: available between $5-$100 upon request
Customer support: email, phone, live chat, feedback form
LiteForex’s clients are guaranteed twenty-four-hour technical support 5 days a week. The "single window" system makes it possible to receive competent advice of any department’s specialist by use of LiveChat. "The Best Client Service" award received at the 6th International Investment & Finance Exposition confirms our staff’s high competence and client-oriented service approach
How was the rating of Liteforex performed compared to other brokers?
This 2020 Forex Broker Review has been conducted though thorough research and assessment of rating and ranking among almost 300 international forex brokers. The final grade is given based on Liteforex FX broker performance and features.
Overall our online Liteforex review was conducted with the details obtained from the demo trading and the forex brokers website. If you would like to add details to this online Liteforex or you find inaccurate details Liteforex broker review please get in touch with us and the changes will be applied.
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