LiteForex
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Review of the LiteForex platform – real reviews of the broker’s work
LiteForex is a broker that has occupied a reliable place in the online trading market for 14 years. The company prides itself on its impeccable reputation and impressive list of benefits that set it apart from many other brokerage companies.
One of the main advantages of the dealer is the modernity and technology of the services provided. The company does not rest on its achieved results, constantly developing and introducing the latest technologies to provide its clients with optimal trading conditions. Thanks to this, the platform offers favorable trading conditions, low spreads and high speed of execution of trading orders.
The broker is proud of its representative offices and partners in different regions. Thanks to this, LiteForex can quickly respond to customer requests and offer individual conditions for traders from all over the world. No matter where you are, you can always count on professional support and assistance from LiteForex representatives.
The company provides all the necessary tools and resources for beginners so that they can quickly get used to the market and start making a profit.
The project offers its clients a choice of two types of trading accounts so that each trader can choose the most suitable model for their investment strategies. Daily up-to-date Forex market analysis helps traders stay up to date with the latest developments and make informed investment decisions.
The broker gives each client a personal manager who will provide an individual approach and help in achieving their goals.
Another significant advantage of the work is the reimbursement of commissions from payment systems. This means traders can save on fees when depositing or withdrawing funds from their trading accounts.
| Status |
Broker |
| Year of foundation |
2005 |
| License |
CySEC |
| Website |
www.liteforex.com |
| Affilate Program |
Yes |
| Contacts |
+357 25 878530, [email protected], +357-25-828899 |
- Low spreads
- Variety of trading instruments
- Mobile trading
- Availability of an affiliate program
- Conducting competitions and bonuses
- Lack of PAMM accounts
| Trading Platform |
МТ4, МТ5 |
| Types of accounts |
Demo, Classic, ECN |
| Currency |
USD, EUR, CHF, RUB, MBT |
| Deposit/withdrawal |
WebMoney, Perfect Money, QIWI, Neteller, Skrill, YooMoney, Visa, MasterCard |
| Min Deposit |
$50 |
| Leverage |
1:500 |
| Min order |
0,01–100 |
| Spread |
0-1,8 |
| Financial Instruments |
Currency, cryptocurrency, stocks |
| Mobile Trading |
Yes |
| Order Execution |
Market |
| Bonus |
Yes |
Terms of cooperation
The broker offers transparent and understandable trading conditions for traders. The company has two main types of accounts: classic and professional. Regardless of the account chosen, the minimum deposit is only $50, making entry into the market accessible to a wide range of traders.
The dealer provides leverage up to 1:500, which allows you to increase potential profits and effectively manage capital. Such high leverage values open up wide opportunities for traders with different investment strategies.
LiteFinance accounts are based on a floating spread. On ECN accounts, the spread starts from 0.0 points, and on classic accounts – from 1.8 points. This allows traders to choose the most suitable account depending on their trading preferences and strategies.
There is no commission per lot on a Classic account, but on ECN accounts it starts from $5. The project provides clients with the option of automatic instant withdrawal of funds up to $100, which makes the withdrawal process fast and convenient.
The project has various affiliate programs available that allow traders to earn passive income. The company provides access to a trade copying platform (SocialTrading), which allows traders to effectively manage risks and increase their chances of success.
The broker’s clients can open Islamic accounts and also take advantage of a free library of trading systems created by experienced traders. In addition, the LiteForex website provides detailed descriptions of various indicators that clients can download into the trading terminal.
Withdrawals from the broker occur instantly and without restrictions. The minimum withdrawal amount is only 10 US dollars or its equivalent in another currency. Customers can use various deposit and withdrawal methods such as WebMoney, Perfect Money, QIWI, Neteller, Skrill, YooMoney, Visa, MasterCard, bank transfers and six types of cryptocurrencies.
The speed of withdrawal of funds depends on the internal processes of payment systems and may vary. The broker strives to provide fast and convenient execution of all financial transactions for its clients.
Company licensing
LiteForex (Europe) LTD, the owner of this website, is registered at 30 Spyrou Kyprianou, 1st Floor, Germasogeia, 4040, Limassol, Cyprus. It is a Cyprus Investment Company (CIF) with number HE230122 and is licensed by the Cyprus Securities and Exchange Commission (CySEC) under number 093/08. This is compliant with the Markets in Financial Instruments Directive (MiFID).
It is important to note that LiteForex (Europe) LTD provides its services only to residents of the European Economic Area (EEA) and the United Arab Emirates. This is due to compliance with regulatory requirements and regulations to ensure correct and reliable operation in the market.
Customers can use email to contact the company. They can ask for help or get the information they need from a professional support team.
Broker reviews
Reviews about LiteForex are presented by a small group of users who express their opinions on various aspects of working with the company. Let’s consider each comment to evaluate the terms of cooperation:
The client notes that he likes the ability to trade on ECN with zero spread. He admits that he personally has never had such an indicator, but he is pleased with the low values that LiteForex offers.
The trader writes that the broker’s minimum deposit may be a little high compared to other companies. However, he notes that for him the amount of $50 is not large and is completely acceptable for trading. He notes that other conditions provided by LiteForex completely suit him.
The client writes that he feels comfortable working with LiteForex, especially when trading currencies. He positively assesses the company as modern, which is constantly updated and offers new opportunities. Additionally, the user enjoys the many competitions offered by the broker.
The trader says that he had already traded with LiteForex in the past, went to another broker and returned to LiteForex again. He believes that the company is reliable and time-tested, and also notes normal trading conditions that allow him to work successfully.
Reviews about LiteForex are positive. They highlight the company’s advantages. The absence of negative reviews indicates that the users who provided reviews are generally satisfied with the work of the LiteForex broker.
Conclusions about the project
The verdict on the broker is positive. Thanks to reliable conditions, a variety of instruments and a good reputation, the company provides opportunities for successful trading on the Forex market. However, before starting to work on the platform, it is recommended that you carefully study the terms and conditions and become familiar with the company’s rules in order to make an informed decision and effectively manage your investments.
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FAQ
The company’s rating and reputation largely depend on whether its clients are satisfied. The reviews about LiteForex are not the most flattering, and therefore you should take a close look at them before deciding to cooperate with this platform.
To add a review of this company on the resource, you do not need to spend a lot of time. The whole procedure takes no more than 5 minutes, and this is already with registration. A letter with a link to confirm registration will be sent to your e-mail, and it will also contain detailed instructions on how to add a review to the site.
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Expert opinion
One of the key advantages of LiteForex is the variety of trading instruments, including currencies, assets of the stock and commodity markets, as well as cryptocurrencies. This allows traders to select the most suitable instruments for their investments and trading strategies.
Accounts offered by LiteForex include demo accounts for practice, classic accounts and ECN accounts with low spreads. This allows traders to choose a suitable account depending on their needs and preferences.
The company also provides convenient methods for depositing and withdrawing funds, including various payment systems and cryptocurrencies. The speed of financial transactions is fast and reliable, which allows clients to effectively manage their funds.