LiteForex Reviews and User Ratings

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LiteForex Special Bonus


Special Deposit Bonus

30% deposit bonus!

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LiteForex General Information


Broker Name
LiteForex
Established
2005
Country
Marshall Islands
Min Deposit
$10
Max Leverage
1:1000
Regulation
No Regulation
Email
clients@liteforex.com
Telephone
1 415 869 7000
Fax
357 25 581330
Website Language
English, Chinese, French, Russian, Spanish, Malay, Arabic, German, Italian, Polish, Portuguese, Indonesian, Thai, Vietnamese
Support Methods
Email
Telephone
Live Chat
Skype
24/7 Support
Deposit Options
Credit Cards, Debit Cards, Wire Transfer, Western Union, Perfect Money, Egopay, Qiwi, OKPay, WebMoney, Skrill, Neteller, CashU, FasaPay, China Union Pay, WalletOne, Maestro, MoneyGram
Withdraw Options
Credit Cards, Debit Cards, Wire Transfer, Western Union, Perfect Money, Egopay, Qiwi, OKPay, WebMoney, Skrill, Neteller, CashU, FasaPay, China Union Pay, WalletOne, Maestro, MoneyGram

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Description


LiteForex Background

Established in 2005 with its headquarters in Marshall Islands, LiteForex is the perfect choice for those interested in learning and exploring the markets. This is because the broker makes it possible for traders to create accounts for as low as $10. Through LiteForex, traders are given the ability to trade Forex, precious metals, gold, stocks and commodities. It is currently unregulated, and does not accept US-based clients.

Features of LiteForex

Offers a significant 3.5% interest on the overall balance of your account to help increase your profit

Allows traders to open an account for as low as $10

Extremely reliable

Based on the MetaTrader 4 and 5 platforms

Allows traders to monitor positions using a basic web-based platform

Offers floating spreads without charging a commission

Allows traders choose the best from 6 different types of accounts

Traders can receive up to 100% bonuses

Features an auto-withdrawal service
Overall, the website of the said Forex broker is extremely user-friendly. From opening a demo/live account to information about deposits and withdrawals, and Forex analysis, everything is easily accessible via the homepage of the site. There is a video given on the homepage too for traders to see why LiteForex is the best choice for them to give their trading careers a kick start.

Conclusion

On the whole, LiteForex is one of the best up and coming brokers in the Forex market right now and offers good spread, together with multiple deposit and withdrawal options. It is best for beginners considering that they can open an account for a very small capital.

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Video


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Features and Trading Instruments


Features
Hedging
Scalping
Margin Interest Rate
Trailing Stop
Web Based Trading
Pending Orders
One Click Execution
Mobile Trading
US Traders
Automated Trading
Islamic Account
Swaps
Segregated account
Affiliate Program
Trading Contest
PAMM
Trading Instruments
Oil
Gold
Metal
Indices
ETFs
CFDs
Stocks
Commodities
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Pros and Cons


Getting in touch with LiteForex is extremely easy as there are multiple means of doing so. The broker features a call center, a reliable call back feature, forum rooms and even live chat to deliver immaculate customer services to all of its users. With so many options, there is always one way or another to get in touch with the broker in times of need.

PROS:
  • Uses the MetaTrader platform, which, with the passage of time, has come about to be known for its reliability and stability
  • Features variable spreads to as to keep the spread tight
  • Extremely simple and quick deposit process that can be performed through credit and debit cards together with bank wire, MoneyBookers (Skrill), WebMoney, LibertyReserver, OKPay, Alert Pay, Perfect Money and Liqpay
  • Allows traders to set up their accounts for just about $10
CONS:
  • The broker is not open to accepting US-based clients as of yet
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Account Type


  • Minimum Account Size: $10
  • Spread: High/ Fixed
  • Trading Instruments: Forex, Indices, Metals, CFDs, Oil
  • Trading Platforms: MT4, MT5, Web Trader/ ForexCopy
  • Margin Call Level: 50%
  • Stop-Out Level: 20%

  • Minimum Account Size: $100
  • Spread: High/ Fixed
  • Trading Instruments: Forex, Indices, Metals, CFDs, Oil
  • Trading Platforms: MT4, MT5, Web Trader/ ForexCopy
  • Margin Call Level: 50%
  • Stop-Out Level: 20%

  • Minimum Account Size: $200
  • Spread: High/ Variable
  • Trading Instruments: Forex, Indices, Metals, CFDs, Oil
  • Trading Platforms: MT4, MT5, Web Trader/ ForexCopy
  • Margin Call Level: 50%
  • Stop-Out Level: 20%

  • Minimum Account Size: $300
  • Spread: High/ Variable
  • Trading Instruments: Forex, Indices, Metals, CFDs, Oil
  • Trading Platforms: MT4, MT5, Web Trader/ ForexCopy
  • Margin Call Level: 50%
  • Stop-Out Level: 20%

STP

  • Minimum Account Size: $1000
  • Spread: High/ Variable
  • Trading Instruments: Forex, Indices, Metals, CFDs, Oil
  • Trading Platforms: MT4, MT5, Web Trader/ ForexCopy
  • Margin Call Level: 50%
  • Stop-Out Level: 20%

SGD

  • Minimum Account Size: $25000
  • Spread: High/ Variable
  • Trading Instruments: Forex, Indices, Metals, CFDs, Oil
  • Trading Platforms: MT4, MT5, Web Trader/ ForexCopy
  • Margin Call Level: 50%
  • Stop-Out Level: 20%

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LiteForex Review Score


LiteForex Reviews and User Ratings
8.5 Total Score
4 reviews
Add your review
Web Design
8.5
Reliability
8.5
Platform
9.2
Customer Support
9.0
Withdrawal
7.7
Broker Name
LiteForex
Established
2005
Country
Marshall Islands
Min Deposit
$10
Max Leverage
1:1000
Regulation
No Regulation
Email
clients@liteforex.com
Telephone
1 415 869 7000
Fax
357 25 581330
Website Language
English, Chinese, French, Russian, Spanish, Malay, Arabic, German, Italian, Polish, Portuguese, Indonesian, Thai, Vietnamese
Support Methods
Email
Telephone
Live Chat
Skype
24/7 Support
Deposit Options
Credit Cards, Debit Cards, Wire Transfer, Western Union, Perfect Money, Egopay, Qiwi, OKPay, WebMoney, Skrill, Neteller, CashU, FasaPay, China Union Pay, WalletOne, Maestro, MoneyGram
Withdraw Options
Credit Cards, Debit Cards, Wire Transfer, Western Union, Perfect Money, Egopay, Qiwi, OKPay, WebMoney, Skrill, Neteller, CashU, FasaPay, China Union Pay, WalletOne, Maestro, MoneyGram
Features
Hedging
Scalping
Margin Interest Rate
Trailing Stop
Web Based Trading
Pending Orders
One Click Execution
Mobile Trading
US Traders
Automated Trading
Islamic Account
Swaps
Segregated account
Affiliate Program
Trading Contest
PAMM
Trading Instruments
Oil
Gold
Metal
Indices
ETFs
CFDs
Stocks
Commodities
LiteForex Reviews and User Ratings
8.5 Total Score
4 reviews
Add your review
Web Design
8.5
Reliability
8.5
Platform
9.2
Customer Support
9.0
Withdrawal
7.7

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4 Comments
Show all Most Helpful Highest Rating Lowest Rating Add your review
  1. Reply
    Timothy Cone
    September 17, 2015 at 5:33 pm
    4.3
    Web Design
    90
    Reliability
    80
    Platform
    100
    Customer Support
    80
    Withdrawal
    80

    I don’t really dabble with CFDs or gold and silver trading, I’m more of a pure Forex trader and that’s why I appreciate LiteForex because of the number of currency pairs they offer. I just enjoy doing exotic currency pair trades because of their volatility and how it’s almost a straight win-lose situation.

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  2. Reply
    wally
    December 8, 2014 at 5:30 pm
    4.1
    Web Design
    90
    Reliability
    90
    Platform
    90
    Customer Support
    90
    Withdrawal
    50

    Liteforex just crashed on me because one of the pairs spiked to zero. Although I had stops in place my balance went to zero! Obviously this got me really worried.
    Luckily the guys at liteforex reset everything within an hour or so and we are now back to normal.

    Stuff like this could happen I suppose but the fact that they recovered the situation so quickly was really good news.

    I have given withdrawel speed 5/10 because Ive never redrawn yet so can’t say.

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  3. Reply
    Adam Song
    October 19, 2014 at 10:36 am
    4.5
    Web Design
    80
    Reliability
    90
    Platform
    90
    Customer Support
    100
    Withdrawal
    90

    When I started out with liteforex, I wasn’t completely sure if they were legitimate or not, but my fears were soon laid to rest when my account was approved within a day’s notice. When I deposited funds into my account it was quickly processed and so far the pickings have been good and their system hasn’t crashed on me yet so 5 stars from me!

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  4. Reply
    Uruwa Tanaka
    June 1, 2014 at 2:53 pm
    4.3
    Web Design
    80
    Reliability
    80
    Platform
    90
    Customer Support
    90
    Withdrawal
    90

    Liteforex provides amazing platforms such as the MetaTrader4, MetaTrader5 and Mobile Trading which allows me to pretty much do my trading anywhere whether I am outside buying groceries or sitting in a coffee shop, LiteForex Markets makes sure that you are always connected to the trading world.

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