Top Options
72/ 100
Min Deposit: $1
Min Trade Amount: 0.01 Lots
US Clients:
Max Trade Amount: 100 Lots
Leverage: 1000:1
Free Demo Account:
Trading Platform: MT4, WebTrader Sirix, MT4 Mobile
Payment METHOD NAME Charge Time

Full Review

The online ECN broker 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 LiteForex.

About LiteForex

LiteForex is a high-tech reliable ECN broker with a strong reputation. Our clients can exploit a safe user-friendly online platform for high-speed trading available in 15 global languages and providing access to a great deal of in-built tools for price chart analysis. The fans of the most popular trading platform MetaTrader 4/5 can use it as well.
 

Min Deposit: $50
Min Trade Amount: 0.01 Lots
US Clients: NO
Max Trade Amount: 100 Lots
Leverage: 500:1
Free Demo Account: YES
Trading Platform: MT4, WebTrader, MT4 Mobile, MT5, Android and iOS apps

Special Offers and Bonuses

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!

Types of Trading Accounts

ECN

Forex ECN trading account is for professional experienced traders as well as investors and traders who wish to use the Social Trading service. This type of account offers the highest annual percent accrued on unused funds, and access to deep liquidity with low floating spreads. The trading account is created on the basis of modern ECN technology that provides access to the best prices on the market, stable and guaranteed fast execution with no re-quotes and no conflict of interest.


CLASSIC 

This trading account for experienced traders. CLASSIC forex account with a floating spread has been designed for traders who have extensive experience in trade and formed views on the market. It is ideal for those who adhere to a proven strategy in their trading using five-digit quotes and leverage up to 1:500, giving access to large volume transactions.

Trading Platform Features

Liteforex offers the following platforms:

a)    MetaTrader 4: The MT4 platformis the major platform offered on LiteForex.

b)    MetaTrader 5: The MT5 platform is the major platform offered on LiteForex.

c)    LiteForex apps for Android and iOS

Commissions and Spreads

The assets and spreads available for trading on Liteforex are shown below:

Symbol Average Spread Realtime Spread
AUDUSD 0.2 0.4
EURUSD 0.2 0.1
GBPUSD 0.2 0.7
NZDUSD 0.2 0.7
USDCAD 0.2 0.2
USDCHF 0.2 0.2
USDJPY 0.2 0.2
EURCHF 0.2 0
EURGBP 0.2 0.4
EURJPY 0.2 0.3
GBPJPY 0.2 1.9
GBPCAD 0.2 2.1
CHFJPY 0.2 0.6
CADCHF 0.2 0.6
NZDCAD 0.2 1.7
CADJPY 0.2 0.9
AUDJPY 0.2 0.3
EURCAD 0.2 0.8
EURAUD 0.2 1.1
EURNZD 0.2 2.5
GBPCHF 0.2 1.3
GBPAUD 0.2 1.1
GBPNZD 0.2 4.1
NZDCHF 0.2 0.9
NZDJPY 0.2 1.1
AUDCAD 0.2 0.3
AUDCHF 0.2 0.7

 

Charting Packages

In addition to the charts that come in-built with the various platforms, there are analytics tools which have been provided for traders. These include the Fibonacci calculator, the Flexi analysis tool and the Autochartist tools.

Education and Demo Accounts

There are a number of educational tools that traders can access on Liteforex. These include periodic webinars and offline seminars which are hosted by the local representatives of Liteforex in different countries.

Traders also get access to a free and unlimited demo account worth $100,000 on all platforms.

Customer Service

Liteforex Customer Support can be contacted through the following means:

  1. a) Email/Contact Form
  2. b) Live Chat.
  3. c) Email: [email protected]

Deposit and Withdrawals

Traders on Liteforex can perform account deposits and withdrawals with:

Bank Cards, Bank Wire, Skrill, Neteller, QIWI, Cryptocurrencies and local payment systems for different regions

Deposit Limits

The minimum deposit amount is $50 for first deposit.

Withdrawal Limits

No limits

Trading Platform

Mobile Trading: YES
Web-Based Trading: YES
Automated Trading: YES
Scalping: YES
Hedging: YES
Mobile Alerts: YES
Trailing Stops: YES
GTD Stop Loss: YES
Limit Orders: YES
Guarantee Execution: YES
OCO Orders: NO
Charting Package: NO
Trading Signals: YES
Market Analysis: YES


Headquarters:

Marshall Islands

Conclusion

One thing that Liteforex has done is to take forex down to the local trader by appointing representatives all over the globe. This is in the form of partnerships with companies either as affiliates, introducing brokerages and white-label partnerships.

However, the lack of clear regulatory status is one thing that the company needs to address and very urgently too if they are to maintain the growth of the Liteforex brand.