LiteForex Review ️Is LiteForex Legit, Safe or a Scam 2023

liteforex broker

LiteForex offers an average number of trading tools compared to other similar brokers. Depending on the LiteForex account type you select you will get specified fee conditions either based on spread only starting at 2 points or pay off commission per lot and get interbank spread from 0 pip. The analytics section of the web trading platform also has an economic calendar and trading signals. Trading recommendations are based on technical indicators such as moving averages, MACD, Bollinger Bands, Ichimoku, and Stochastics.

The automated copy-trading system will allow you to duplicate the best trades, trade independently, share information, and communicate with other traders. Liteforex provides a list of the most profitable traders, with their liteforex broker performance profiles from which followers can choose. Our experts checked the educational proposal of LiteForex and found that the broker supports personal strives and provides learning materials, analysis, and guides.

Classic Account

As already mentioned in LiteForex review, once the traders make a deposit in the amount of $50, they can deposit smaller amounts to keep their account going. When it comes to depositing, LiteForex is pretty clear that they charge no fees, but they might be charged by a third party (credit card company for example). However, when it comes to withdrawals they never state the minimum withdrawal amount or mention any fees. When it comes to education, LiteForex review must mention how there are several categories of educational materials. For example, it is possible to watch a tutorial, check out strategies, follow analytics, read market news etc.

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Both beginners and advanced traders can benefit from the available educational materials. LiteForex has helpful research and educational materials and an intuitive platform, making it a suitable broker for new traders. Spreads in the Classic Account are relatively wide, which may be offputting for active or advanced traders, but more competitive spreads are available via the ECN account. Experienced traders can benefit from the MetaTrader platform, and its algorithmic trading capabilities. The online ECN broker LiteFinance (ex. LiteForex) has been providing its clients access to Tier 1 liquidity in the currency, commodity, and stock market since 2005. All major currency pairs and cross rates, oil, precious metals, stock indexes, blue chips, and the largest set of cryptocurrency pairs can be traded at LiteFinance (ex. LiteForex).

What Sets LiteForex Apart from Other Brokers?

There is little information about the management or the company’s history on the website. Clients have negative balance protection, and funds are held in segregated accounts. With LiteForex, you can use trading platforms such as MetaTrader 4 (MT4) and MetaTrader 5 (MT5). If you are reading this article, you’re likely having trouble deciding whether LiteForex or is the better Forex trading platform for you. While both platforms generally provide positive user experiences, there are some essential differences to note. Lite Finance (ex. Lite Forex) offers platforms available in MetaTrader 4 (MT4), MetaTrader 5 (MT5) and LiteFinance proprietary mobile apps.

In general, experienced traders tend to prefer accounts with higher minimum deposits and tighter spreads. At Liteforex this trade-off does not occur as both accounts have low minimum deposits and higher than average trading costs, making them unappealing to experienced traders. LiteForex offers both MT4 and MT5 trading platforms, which are widely recognized and trusted by traders in the industry.

Overall, the account opening process at LiteForex is similar to other international brokers. LiteForex’s non-trading fees are average compared to other similar brokers. Even though, there were numerous claims and complaints from the global traders presenting an impressive collection of issues that were faced during the trading experience they had.

Demo accounts are free of charge and allow beginner traders to refine trading strategies using MetaTrader platforms. Traders receive real quotes from liquidity providers and have access to all trading instruments. LiteForex offers two account types, which is average when compared to other brokers, and the accounts are more suitable for beginners than experienced traders. LiteForex offers two live account options, both with a low minimum deposit of 50 USD, making them accessible to beginner traders. The ECN Account has tight spreads (starting at 0 pips on the EUR/USD) but this is in exchange for a commission of between 10 to 30 USD per lot traded.

  • The automated copy-trading system allows traders to duplicate the best trades, trade independently, share information, and communicate with their signal providers.
  • LiteForex also maintains quality research and introductory educational content.
  • When you trade forex, many factors contribute to a formidable trading environment so LiteForex sets you up with all the elements you need to give you a competitive edge.

Besides these platforms, LiteForex also uses the web-based basic platform which is more often used for monitoring the positions rather than conducting the complex and less complex analytics. The main reason for this is the fact that this web-based platform is much simpler and that it does not provide sufficient options for those tasks. However, MT 4 and MT 5 platforms are there to conduct those more complex analyses. Developed in 2005 and 2010 respectively, these systems have become the leading platforms for online forex and CFD trading. They come with multiple chart types, including line, candlestick, and bars.

Signals can be filtered by seven time frames ranging from one minute to one day. LiteForex has a broad range of instruments available to trade, including forex and CFDs on commodities and stock indices. Share CFDs are available on request, and cryptocurrencies are only available at the offshore entity. STP is a forex brokerage model that routes client orders directly to the market without passing them through an internal dealing desk. A leader in the world of charting, TradingView features over 100 indicators, 50 drawing tools, 9 time frames, and 11 chart types. Withdrawal fees are displayed in the finance section of the client portal.

Liteforex (Europe) Limited

Yet, for comprehensive analysis and day trading, you would prefer a desktop platform, where LiteForex MT suits any device either PC or MAC. In addition, always consider rollover or swap rate as a trading cost, since the broker charges a small fee for the position being held longer than a day and is defined by the instrument. The account opening process is digital and easy to follow where you will be guided by the steps. Also be sure it is normal to upload your ID and residence registration, which happened during the stage of your identity verification necessary due to regulations.

liteforex broker

The brokerage specializes in the trading

of forex and has been providing reliable and innovative forex trading services

since their establishment in 2005. LiteForex is owned and operated by LiteForex

Investments Ltd. and is registered in the Marshall Islands with their

headquarters located at Ajeltake Road, Ajeltake Island, Majuro, Marshall

Islands MH96960. LiteForex utilizes ECN trading technology while also

supporting social trading and facilitating copy trading. The brokerage cares

deeply about their clients and makes it easy for every type of trader to get

started with them. Therefore, should you choose LiteForex as your primary forex

trading brokerage? Find out in the following review where we analyze all

aspects of this lucrative trading broker and discover if LiteForex is the right

online trading brokerage for you.

Spreads in the Classic Account are relatively wide, making it more expensive to enter and exit trades. It is important to note that the information provided in this review may be subject to change due to the constant updating of the company’s services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action.


ECN trading accounts, traders will see floating spreads as low as 0.9 pips and

average spreads of around 1.1 pips. For classic trading accounts traders see

average spreads of 1.8 pips and on Cent accounts, the floating spreads can

reach all the way up to 3 pips. LiteForex

offers traders the selection between two of the most popular and loved trading

platforms in the world, the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading

platforms. Both platforms are highly sophisticated and accommodate the needs of

both beginner and experienced traders. However, because LiteForex only

provides trading in the forex markets, both platforms will do.

  • Demo accounts are beneficial for beginners as they allow them to practice their strategies and get comfortable with the trading platform without risking any real money.
  • Overall, LiteForex offers a wide range of funding methods, and while deposits are free, high fees are charged on most withdrawal methods.
  • Depending on the LiteForex account type you select you will get specified fee conditions either based on spread only starting at 2 points or pay off commission per lot and get interbank spread from 0 pip.
  • Also, support representatives can easily be

    contacted 24 hours a day, 7 days a week via live chat, email, support forums,

    and telephone support that supports call back functionality.

This section will cover how the different entities of LiteForex are regulated and how this impacts you as a trader. We rate regulators on a scale of 1 to 3, with 1 reflecting the highest level of trust. I invested 15,350 US dollars with scam broker FXG trade and I was denied access to my money, i was so desperately in need of help to recover all the money back to me, fortunatel…

As with their research section, LiteForex has made an impressive effort with its educational materials. There is an in-depth collection of articles for beginners, covering topics ranging from basic forex concepts to risk management and creating a trading strategy. presents overall lower pricing in its commission-based and commission-free accounts.

Therefore, trading with LiteForex Cyprus entity you can refer to CySEC in case of any violence, while the regulator himself constantly checks on the operation and environment the broker provides. Also, traders’ funds are segregated from company funds, and the application of the standard covers investment protection. Yes, LiteForex is a registered broker in Cyprus regulated by the local financial regulator Cyprus Securities and Exchange Commission (CySEC). Based on our research, through its regulatory compliance, the broker offers negative balance protection as well as a compensation scheme of up to €20,000 in case of traders’ insolvency.

The LiteFinance YouTube channel has hundreds of educational videos, many of which are focused on trading strategies and analysis of specific markets. There are helpful built-in features such as the availability of sentiment data, showing you the percentage of clients that are buyers and sellers. Traders can sort instruments by popularity and volatility, which allows you to identify the market movers and assets in play for the day. The search function is good and makes it easy to quickly pull up different trading instruments. One drawback is that the layout of the platform is not highly customizable.

Processing times are average for the industry, but we found the withdrawal fees relatively high. The MetaTrader 4 desktop platform is one of the world’s most feature-rich and popular trading platforms. It does not have the most attractive interface, and it requires some time and effort to learn, but that is typical of advanced platforms. LiteForex is an unregulated broker operating out of St.Vincent and the Grenadines, where the FSA publicly does not regulate brokers.

liteforex broker

​LiteForex offers a limited number of financial instruments compared to other large international market makers. Overall, LiteForex offers a wide range of funding methods, and while deposits are free, high fees are charged on most withdrawal methods. LiteForex offers an automatic withdrawal feature that enables traders to withdraw funds up to 100 USD per day within 24 hours, which is available on Skrill, Perfect Money, and Neteller. Note that withdrawal requests are processed manually by the Financial Department during its working hours and are processed within one working day of the date of submission.

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