January 26, 2021

LiteForex

Location: Russia

Regulation: RAFMM

Liteforex Broker Accounts

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Latest updated information about Liteforex

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

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;
  • Cryptocurrency;
  • Brent and Crude oil.

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.

LiteForex assures its clients of the personal information safety as well as of the safety when conducting non-trading operations. The HTTPS data encryption protocol (Hypertext Transfer Protocol Secure) used in Personal Profiles is intended for safe data transfers between the client and the server and excludes any acts of the client’s personal data interception.

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;
  • Cryptocurrency;
  • Brent and Crude oil.

Liteforex Review: Trading Platforms

Most popular professional trading platforms MetaTrader 4 and MetaTrader 5 and their mobile and web versions

Metatrader 4

MetaTrader 4 is a popular Forex trading and analysis platform, which allows trading currencies, shares, precious metals and CFD on stock indices. In this section, LiteForex clients can download MetaTrader 4 trading platform and its mobile applications for PDA, iPhone®, iPad ™ and Android. 

Download MetaTrader 4 trading platform for your smartphone or computer and get access to the Forex market from wherever in the world. MetaTrader 4 is suited for all types of LiteForex accounts.

Metatrader 5

MetaTrader 5 is a new version of the popular forex trading platform that possesses increased functionality and an enlarged set of tools. The section provides not only the distribution kit of the MT5 platform for a desktop computer, but also the MT5 mobile application for iPhone®

Liteforex Review: Accounts and Trading Conditions

Trading instruments: forex, precious metals, futures on indexes, CFDs on stock indices

ECN: yes

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 

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

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

Liteforex Review: Payment Options

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.

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.

Learning Material and Latest Promotions

Current promotion from the broker: 

Forex deposit bonus up to 100% and all kind of trading advantages from The LiteForex company

Multiple Forex bonuses and promotions are a perfect chance for LiteForex’s clients to increase their deposits and get extra money for trading. A variety of bonus programs lets you choose the best option and trade Forex with pleasure. Participate in the company’s promotions and bonuses and enlarge your trading horizons!

LiteForex always provides its clients with withdrawable Forex bonuses with free withdrawal of profit. Our current promotions include 100% Forex deposit bonuses. Follow the LiteForex news or stay in touch with our support team: individual deposit bonuses may be available upon request! With LiteForex, you can easily get a Forex bonus of 1 000 USD and more to your trading account. Moreover, often we do not limit the maximum amount of bonuses, and our bonus campaigns are constantly changed and updated. Forex deposit bonuses will help you expand your trading opportunities - additional credit funds are good for increasing the trade volume, and also the deposit bonus is an additional margin to maintain open positions. Our clients also enjoy the return of the spread up to 7 dollars per lot on all instruments and compensation of payment system commission when depositing your account! Trading with LiteForex is ever convenient and profitable cooperation!

Liteforex Review: Customer Service

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 2021 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.