- Excellent selection of trading platforms
- Wide array of financial assets
- Excellent customer service and support
- Only variable spreads
- Primarily only a forex broker
- Based offshore
- Credit Cards
- Bank wire Transfer
LiteForex is a large and established online trading brokerage who serves the international markets by accepting traders from around the world and offering their services in over 10 languages. 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.
The trading conditions at LiteForex are
very favourable for traders as they benefit from tight spreads and zero
commission trading. All trades are executed instantly via market execution
because LiteForex is an ECN broker. Traders have the ability to trade on margin
of up to 1:500, can trade minimum lots of 0.01 and maximum lots of 100. The
margin call level is 100% and stop out level is 20%. Some additional benefits
unique to LiteForex is negative balance protection for ECN Trader accounts and
a social trading environment on all accounts. All in all, traders should be
satisfied with the trading conditions set by LiteForex.
LiteForex is a very specialized online trading brokerage as they primarily facilitate the trading of forex with a wide selection of currency pairs. However, they also offer the trading of various other financial assets across the global markets including trading of the global stock indexes and CFD trading on gold, silver, oil, cryptocurrencies and shares of the world’s largest companies. See these lucrative financial markets overviewed below.
· 7 major currency pairs
· 21 minor currency pairs
· 28 exotic currency pairs
· 22 cryptocurrency pairs
· 15 different cryptocurrency assets
Trade 11Global Stock Indexes
LiteForex is based in the Marshall Islands, they are licensed and regulated in
accordance with the Marshall Islands Business Corporation Act. Therefore, the
brokerage is trusted to provide safe, secure, and transparent online trading
services and has been doing so for over 13 years.
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. All in all, it doesn’t really matter which trading platform LiteForex clients choose as the MT5 trading platform is essentially the same as the MT4 trading platform, only it is better suited for trading financial assets other than forex. However, because LiteForex only provides trading in the forex markets, both platforms will do.
MetaTrader platforms feature fully customizable user interfaces as well as
watch lists, market news integrations, advanced order windows, a sophisticated
charting package and more. Traders benefit from lightning fast execution on
their trades and can trade directly from the charts with one click trading.
Also, traders can participate in auto trading with the use of Expert Advisors
(EAs), which use algorithmic trading to trade for you. Another cool feature is
the ability to follow and copy other successful traders trades with the social
trading and copy trading features.
LiteForex supports mobile trading by
providing their clients with an entire suite of proprietary mobile trading
applications. In total, there are 6 different mobile apps that can be
downloaded for free from the Apple App Store and the Google Play Store.The
applications are compatible with both smart phones and tablets and operate very
well. The mobile applications available include; Forex Analysis, Forex Signals,
Trading Strategies, Mobile Trading, Forex Digest, and Currency Rates.
is a zero commission trading brokerage and only charges trading fees through
floating spreads on all types of trading accounts. The spreads are very
competitive with the industry standards but are nothing extraordinarily low. On
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.
Deposits & Withdrawals
LiteForex provides their traders with a variety of deposit and withdrawal methods for convenient Forex trading. All of the same methods used to deposit funds can be used to withdraw funds. Deposits are free of charge and withdrawals are subject to withdrawal fees. The minimum deposit amount varies from $10 for most payment methods to $100 for some Bank Wire Transfers. As for withdrawals, the minimum withdrawal amount is not stated. See below, all of the available payment methods.
- Bank Wire Transfers
- Perfect Money
- Bitcoin Cash
- Bitcoin Gold
customer support provided by LiteForex is truly phenomenal. It’s evident that
the brokerage takes the success of their clients very seriously as they do
everything in their power to help their traders succeed. For instance, traders
have access to numerous eBooks, tutorials, strategies, articles, and more to
help them become better traders. 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. Therefore, traders
will always be able to get in touch with a representative easily and quickly.
Also, traders can interact with representatives via the brokerages various
social media channels including; Facebook, Twitter, Google+, Instagram,
LinkedIn, Pinterest, Telegram, and YouTube.
Research & Education
LiteForex caters to beginner traders by
providing them with extensive educational material in their comprehensive
education centre. Traders have access to a Forex glossary, eBooks, tutorials,
trading strategies, trading indicators, and a blog with loads of helpful
information. In addition to the educational resources, traders also have access
to an economic calendar, analytics, various financial calculators, economic
news, and currency rates. All in all, traders at LiteForex are given everything
they need to succeed.
LiteForex is an excellent trading brokerage
that accomodates traders of all experience levels and is very reputable in the
online trading industry. The brokerage has been awarded various awards by
multiple online financial publications for their level of trading services and
customer care and support. LiteForex features a live demo account for traders
to practice on and awards new traders with a bonus up to 50% for depositing
conducting in-depth research on the LiteForex online trading brokerage, it’s
evident that the broker is highly competent and very reliable. The brokerage
provides an excellent selection of online trading platforms to choose from and
a wide array of tradeable assets to invest in and trade. The level of customer
support is phenomenal and LiteForex offers a variety of favorable trading fees
based off the trading account the trader chooses. All in all, if you’re looking
for a reliable online trading brokerage to trade forex and other financial
assets, LiteForex could be the broker for you.
Broker Comparison Maecenas porta rhoncus dui ut congue. Donec luctus non sem eu euismod. Ut rhoncus mauris non bibendum congue. Donec maximus ipsum a lectus sollicitudin.