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LiteForex Review

Updated:
3.7
Trust
2.8
Fees
3.1
Platforms and Tools
4.6
Customer Support
3.6
Tradable Instruments
4.0
Account Types and Terms
4.9
Deposit and Withdrawal
3.4
Research
5.0
Education
4.1
While we adhere to strict editorial integrity, this page may refer to our partners' products. Here's how we make money.Learn how we make money and our review methodology.

Please Note: In our review of LiteForex, we focused on the services provided by LiteForex Europe Limited (liteforex.eu), regulated by the Cyprus Securities and Exchange Commission (CySEC). We conducted our tests with a Classic Account, using the MetaTrader 4 platform. Some features and services may vary depending on where you reside.

The Big Picture

Founded in 2005, LiteForex is a broker providing access to forex and CFDs on commodities, indices, shares, and cryptocurrencies. LiteForex offers trading via their proprietary web platform and mobile app. The popular MetaTrader platform is also available for desktop trading. As a non-dealing desk (NDD), Straight Through Processing (STP) broker, client orders are routed directly from LiteForex to liquidity providers. LiteFinance Global is incorporated in St. Vincent & the Grenadines. The European entity of LiteForex is headquartered in Limassol, Cyprus, and is regulated by the Cyprus Securities and Exchange Commission (CySEC).

Key Takeaways in 2022

  • We evaluated LiteForex across nine categories: Trust/Stability, Fees, Tradable Instruments, Account Types, Deposit/Withdrawal, Research, Customer Support, Education, and Platform/Tools.
  • LiteForex excelled in the area of platforms, with an innovative proprietary web platform and mobile app, along with the MetaTrader platform for desktop. Research is another strong category for this broker, with a steady stream of reports available for clients and a useful suite of tools.
  • We found room for improvement in the category of fees, with wide spreads in some instruments.
  • Beginners can benefit from the user-friendly web platform, Copy Trading, and a demo account.
  • Advanced traders can access tighter spreads via the ECN account, algorithmic trading in MetaTrader, and VPS hosting.

What Sets LiteForex Apart from Other Brokers?

LiteForex has a unique web-based platform that is user-friendly and has a range of built-in tools, including Copy Trading. A helpful collection of educational videos with in-depth coverage of trading strategies also distinguishes this broker. LiteForex offers clients a personal account manager who can provide guidance and support.

What types of traders are a good fit for LiteForex?

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.

LiteForex Pros and Cons

Pros Cons
  • User-friendly web platform.
  • Lengthy operating history.
  • Personal account manager.
  • Offers Copy Trading
  • Good research materials.
  • Choice of account types.
  • VPS hosting is available.
  • Wide spreads in the Classic Account.
  • High withdrawal fees.
  • Few protections at the offshore entity.

 

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About the Author

Dan Blystone
Starting his career in finance on the floor of the Chicago Mercantile Exchange, Dan later gained insight into the forex industry during his time as a Series 3 licenced futures and forex broker. Dan also traded at a couple of different prop trading firms in Chicago.
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How Do We Rate?

When trading forex and CFDs, it is crucial to know a broker's strengths and weaknesses. That is why FX Empire developed its proprietary rating system. We put the knowledge and expertise of our reviewers to work to bring you the most suitable brokers. A total of 200 variables have been analyzed to help you choose your broker wisely. This chart describes all the categories we evaluated and rated.
How Do We Rate Chart
Visit our methodology page to learn more about our review and rating process.
LiteForex Main Features
☑️
Regulations
CySEC (Cyprus), SVG FSA (Saint Vincent and the Grenadines)
🗺
Supported Languages
English, Spanish, Russian, Portuguese, Indonesian, Malaysian
💰
Products (CFD)
Currencies, Indices, Stocks, Crypto
💵
Min Deposit
$50
💹
Max Leverage
1:30 (CySEC ), 1:500 (SVG FSA)
🖥
Trading Desk Type
ECN
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LiteForex Full Review

Trust

2.8
How Do We Test A Broker's Trust?
When choosing a broker, trustworthiness is one of the most important things to keep in mind. Always check the broker's regulations, know how financially secure the firm is, and find out whether the broker is transparent and reliable. These factors, calculated into our score, will help you understand if your money is safe.

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CySEC, a Tier 1 regulator, regulates LiteForex Europe. Clients have negative balance protection, and funds are held in segregated accounts. We rated LiteForex as having an average level of transparency.

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.

LiteForex Europe Ltd on the CySEC Register
LiteForex Europe Ltd on the CySEC Register
  • Liteforex Europe Limited is regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 093/08. We rate CySEC as a Tier 1 regulator.
  • LiteFinance Global LLC is incorporated in St. Vincent & the Grenadines as a Limited Liability Company with registration number 931 LLC 2021. We rate brokers overseen by the St. Vincent & the Grenadines Financial Services Authority (FSA) as unregulated.

Why is it important to know where your broker subsidiary (entity) is regulated?

Different regulators provide different levels of protection.

LiteForex clients in Europe benefit from the oversight of the Cyprus Securities and Exchange Commission (CySEC). CySEC requires that clients have negative balance protection, which means they cannot lose more than their deposit. In addition, when trading with a broker regulated by CySEC, client funds are insured by the Investor Compensation Fund (ICF) for up to €20,000.

By contrast, a trader working with a broker entity regulated offshore is not necessarily guaranteed these benefits.

The table below breaks down the protections and benefits by the entity, regulator, and region.

Entity Liteforex Europe Limited
LiteFinance Global LLC
Country/Region EEA Global
Regulation CySEC
St. Vincent & the Grenadines FSA
Segregated Funds
Yes No
Negative Balance Protection
Yes Yes
Compensation Scheme
Yes (ICF Up to €20,000) No
Standard Leverage
1:30
1:500 (standard) 1:1000 (by request)

Regulatory requirements are subject to change. We gathered the data listed above in April 2022.

Stability and Transparency

In our tests for the Trust category, we also cover factors relating to stability and transparency. Here, we focus on how long the broker has been in business, the size of the company, and how transparent they are in terms of information being readily available.

LiteForex has a long operating history of 17 years. According to the company’s LinkedIn page, the global entity is based in the Marshall Islands and has 51-200 employees. In our research, LiteForex showed adequate transparency in its regulatory status, and has a page dedicated to its legal documents.

LiteForex outlines spreads and swap fees in the Trading Assets section. Withdrawal fees are displayed in the finance section of the client portal. There is little information about the management or the company’s history on the website. We rated LiteForex as having average transparency for the industry.

Fees

3.1
How Do We Test A Broker's Fees?
Broker fees can be difficult to understand. We test the broker's platforms and examine commissions, spreads, and overnight fees to ensure that you can determine if trading with this broker is worth your time and money.

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Spreads in the Classic Account are relatively wide, making it more expensive to enter and exit trades. Swap fees are average for the industry. Overall we rated LiteForex as not highly competitive in terms of fees.

Trading Fees

We tested the spreads at LiteForex across different asset classes using the MetaTrader 4 platform at 8 AM GMT and 4 PM GMT on April 20th, 2022. 8 AM GMT is the London open when there is a great deal of liquidity in the forex market, and tighter spreads in currency pairs. 4 PM GMT is during the New York trading session.

Instrument Spread AM Spread PM
EUR/USD 2.2 pips 2 pips
GBP/JPY 7.5 pips 6.4 pips
Gold 61 pips 67 pips
Light Crude Oil 9 pips 9 pips
Dow 30 6.3 pips 6 pips
Dax 40 5.9 pips 5.5 pips

Swap Fees

Swap fees (the cost of holding a position overnight) were average at LiteForex.

In the table below, you can see the Swap Long (the cost/credit of holding a buy position overnight) and the Swap Short (the cost/credit of maintaining a sell position overnight) for one full-sized contract. A full-sized contract is 100,000 units of the base currency (the first currency quoted in the pair). We recorded the data on April 20th.

Instrument Swap Long Swap Short
EUR/USD Charge of $5.61 Charge of $0.15
GBP/JPY Charge of $6.08 Charge of $6.60

Non-Trading Fees

If an account is inactive for 180 consecutive days, LiteForex charges a maintenance fee of €3 per month.

Are the Fees at LiteForex Competitive?

The fees at LiteForex are not highly competitive. For beginners and casual traders, it may not make a big difference, but for active traders, it can be a hurdle to overcome in achieving profitability.

LiteForex Spreads and Swap Fees
LiteForex Spreads and Swap Fees

Platforms and Tools

4.6
How Do We Test A Broker's Platforms and Tools?
Platforms are where you trade, so they must be secure, fast, and accessible while offering you the tools you need to succeed. Each broker's desktop, web, and mobile platforms are evaluated according to the order types, speed of execution, ease of use, and other 'need to know' features.

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LiteForex shines in the area of platforms with their innovative web-based platform and app. The powerful MetaTrader platform is also available via desktop.

LiteForex Web Platform

The LiteForex web platform is user-friendly and has many popular features such as watchlists, 1-click trading, and trading from the chart. Copy Trading capability is built into the platform, making it easy to browse through traders and start replicating their trades.

LiteForex Web Platform
LiteForex Web Platform

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.

Order Types

LiteForex Web Platform Order Entry
LiteForex Web Platform Order Entry

The web platform has all the basic order types: market orders, limit orders, and stop-loss orders.

Charting

Web Platform Charting Powered by TradingView
Web Platform Charting Powered by TradingView

Charting via the web platform is provided by TradingView. A leader in the world of charting, TradingView features over 100 indicators, 50 drawing tools, 9 time frames, and 11 chart types.

LiteFinance Mobile App

LiteFinance Mobile App
LiteFinance Mobile App

For mobile trading, LiteForex offers the LiteFinance mobile app, available for Android and iOS. The app provides the same features and order types as the web platform. Traders can use watchlists to track their favorite instruments, 1-click trading for speedy order entry, trading from the chart, Copy Trading, and robust TradingView charts.

The app makes it easy to trade on the go and track your portfolio and trading history. Deposits/withdrawals and chat support are also available via the app.

Desktop

LiteForex offers MetaTrader 4 and MetaTrader 5 for desktop. The platform includes advanced functions such as copy trading and automated trading.

LiteForex MetaTrader Desktop Platform
LiteForex MetaTrader Desktop Platform

MetaTrader 4 is available in 39 languages, from Arabic to Vietnamese. The platform provides popular features such as:

  • Alerts. This feature allows traders to be updated when an instrument reaches a specific price level. Alerts can be delivered via audio, email, or push notification to a mobile device.
  • Watchlists. Traders can set up a list of their favorite instruments and follow live quotes in a Market Watch panel.
  • One-click trading. This feature allows traders to execute orders with a single click and no secondary confirmation. Placing a trade with a single click saves time and is especially useful for short-term traders.
  • Trading from the chart. MT4 also allows users the convenience of trading directly from the chart.
MetaTrader 4 Order Entry Window
MetaTrader 4 Order Entry Window

MetaTrader also delivers when it comes to the range of available order types. The platform offers the following order types:

  • Market Order: an order to buy or sell an instrument at the current best available price.
  • Limit Order: an order to buy or sell an instrument at a specified price or better.
  • Stop Loss Order: an order to buy or sell an instrument triggered when the price reaches a specified level.
  • Trailing-Stop Order: a stop-loss order that traders set at a defined percentage or dollar amount away from an instrument’s current market price. It can secure profits when you are in a winning trade while not having to exit the position.
MetaTrader 4 Desktop Charting
MetaTrader 4 Desktop Charting

Charting features are robust. MetaTrader 4 offers:

  • 30 technical indicators. These include classic trend indicators, volume indicators, and oscillators.
  • 23 analytical objects. These include lines, channels, Gann, and Fibonacci tools.
  • 9 time frames. Traders can view each instrument in nine time frames, from one minute to one month.
  • 3 chart types. Traders can choose between Bar Charts, Japanese Candlestick Charts, and Line Charts.
Strategy Tester in the MT4 Platform
Strategy Tester in the MT4 Platform

MetaTrader is also popular due to its automated trading and backtesting features.

  • Trading Signals. Signals in MetaTrader 4 allow users to copy the activity of other traders automatically.
  • Automated trading. MetaTrader 4 allows users to develop, test, and apply Expert Advisors (EAs). EAs are programs that monitor and trade markets using algorithms. They find opportunities according to set parameters and then create a notification or automatically open a trade.

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.

Order Execution

LiteForex is a Straight Through Processing (STP) broker. STP is a forex brokerage model that routes client orders directly to the market without passing them through an internal dealing desk.

Tradable Instruments

4.0
How Do We Test A Broker's Tradable Instruments?
In this section, we check the broker’s market offering and how varied the instruments and asset classes are. It will allow you to check if they offer what you're looking for and what you can trade.

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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.

CFDs (Contract for Differences) are financial derivative products that allow traders to speculate in various markets without owning the underlying assets. Tradable instruments at LiteForex include the following:

  • 57 Currency Pairs. A currency pair combines two different currencies, with the value of one currency quoted against the other. For example, EUR/USD, which reflects the value of the euro measured in dollars.
  • 11 Index CFDs. An index is a basket of trading instruments used to gauge a market sector, stocks within an exchange, or a country’s economy.
  • 85 Stock CFDs. A stock is a security that represents partial ownership of a corporation. Keep in mind that when trading stock CFDs, you speculate on the price of a stock without actually taking ownership of the underlying company.
  • 4 Commodity CFDs. Commodities are raw products, such as gold, oil, and metals.

In the tables below, you can see a selection highlighting the variety of instruments available at LiteForex:

Forex Major Forex Minor
USD/JPY | GBP/USD | USD/CHF | EUR/USD EUR/GBP | CAD/JPY | AUD/CHF | GBP/JPY
Forex Exotic CFDs on Indices
USD/TRY | EUR/MXN | USD/RUB | USD/INR HK50 | IBEX35 | ASX200 | NQ
CFDs on Metals CFDs on Energies
Palladium | Platinum | Silver | Gold WTI Crude Oil | Brent Crude Oil

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Customer Support

3.6
How Do We Test A Broker's Customer Support?
Traders tend to underestimate customer support, but it might be a crucial feature in moments of crisis. In our rating, we check the contact methods available, how accessible a live agent is and how helpful the responses are. This information will allow you to know if a broker can provide full support when you need it.

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LiteForex offers 24/5 support across phone, live chat, and email. Support was reliable via email and live chat, but we could not get through by phone.

Support responses were fast via chat and email at LiteForex, with chat operators being available within a minute and email inquiries usually responded to the same day. Phone support was unavailable when we conducted our tests.

LiteForex Chat Support
LiteForex Chat Support

We tested support with various questions, for example whether LiteForex charges an inactivity fee and how client orders are executed.

Support agents were helpful, and there was no need to navigate through a chatbot before reaching a human agent. Disregarding the problem with phone support, we rated the customer support experience at LiteForex as good.

At LiteForex Europe, support is available in seven languages.

Support Languages
Polish | Spanish | French | German | Russian | Portuguese | Italian

Deposits & Withdrawals

3.4
How Do We Test A Broker's Deposit and Withdrawal?
The deposit or withdrawal process can be a tricky one. You may discover that there are hidden fees, or that withdrawal times are longer than you anticipated. We check these factors and others so you know what to expect when trading with this broker.

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Clients can make deposits and withdrawals via bank transfer, credit/debit card, and digital wallet. Processing times are average for the industry, but we found the withdrawal fees relatively high.

The tables below break down the fees and processing times for each deposit and withdrawal method at LiteForex Europe.

Deposits

Deposit Method Fee
Processing Time
Bank Transfer 0% 3-5 days
Mastercard Bank Card
0% Immediate
SaveCharge Bank Card
0% Immediate
Neteller 0% Immediate

Withdrawals

Withdrawal Method
Fee
Processing Time
Bank Transfer €45 Up to 7 days
Mastercard Bank Card
3.4%
Typically same day but can take up to 3 days
SaveCharge Bank Card
$1
Usually same day but can take up to 3 days
Neteller 2%
Typically same day but can take up to 3 days

Note: withdrawal of funds must be carried out using the same method and currency as the deposit.

Deposits and Withdrawals within the LiteForex Client Portal
Deposits and Withdrawals within the LiteForex Client Portal

Account Types and Terms

4.9
How Do We Test A Broker's Account Types and Terms?
In order to achieve your trading goals, you need to choose the right account. We evaluate each broker's account types, how easy it is to open an account with them, and the steps involved, so you can decide if it is worth your time to open an account.

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The account opening process at LiteForex is fully digital and can be completed via the company website within about 15 minutes. There are two main account types: Classic and ECN.

Account Application

To open an individual account at LiteForex Europe, prospective clients must provide the following information.

  • Nationality.
  • Birthplace.
  • Whether you are a US resident for tax purposes.
  • Whether you are a “politically exposed person.”
  • The purpose/reason for opening a trading account.
  • The type of trading you plan to do.
  • How much you plan to invest.
  • The source of funds to be invested.
  • Your profession.
  • Your total annual income.
  • Your regular financial commitments.
  • Your net worth.
  • Which financial instruments you have traded.
  • Ηow long you have been trading with leveraged products.
  • The average annual amount of your past transactions.
  • The leverage you used in trading CFDs during the past year.
  • The average volume of transactions with leveraged products you made during the past year.
  • Knowledge test relating to forex and CFDs.
  • Your level of education.
  • Whether you have education in finance, business administration, banking or accounting and whether you have worked in the financial sector.
  • Your level of experience in Copy Trading.
  • Your risk tolerance level.
  • The purpose of your investment activities.
  • Verify your identity and address using your passport and a bank statement or utility bill.

There are two main account types at LiteForex: Classic and ECN. The Classic account is geared more towards beginners, and the ECN account is intended for experienced traders and investors. The main difference is that the ECN account has tighter spreads, but also charges commissions.

LiteForex Registration
LiteForex Registration

The features of each account are broken down in the table below.

Account Feature
Classic Account ECN Account
Spread floating, from 2.0 points
floating, from 0.0 points
Commission None From $5 per lot
Execution type Market Execution
Market Execution
Minimum lot 0.01 0.01
Maximum lot 100 100
Base currency USD, EUR, GBP, PLN
USD, EUR, GBP, PLN
Minimum deposit
$50 $50
Negative Balance Protection
Yes Yes

Demo Accounts

LiteForex offers demo accounts for the web-based platform, mobile app and MetaTrader desktop platform. 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.

The demo account features live quotes and simulates live market conditions in assets such as forex and CFDs on commodities and indices. Once users have gotten up to speed on a demo account, they can easily switch to a live version.

Islamic Accounts

LiteForex offers a swap-free Islamic account that adheres to the principles of Sharia law.

Leverage

One of the reasons traders are attracted to the forex and CFD markets is the high degree of available leverage. Leverage is the use of borrowed funds to increase the size of your trading positions beyond what would be possible using only the cash in your account.

With a Classic Account at LiteForex Europe, the maximum leverage is 1:30. This means that with an account of €1,000, you can control up to €30,000 worth of positions in the market. The offshore entity provides leverage of 1:500, and 1:1000 is available by request.

Leverage is often described as a ‘double-edged sword’ as it can hurt you as much as it helps you. Traders must remember that it can amplify both their profits and their losses.

Supported Countries

Liteforex Europe Limited provides services only to the residents of countries from the European Economic Area (EEA), United Arab Emirates, and the Marshall Islands. LiteFinance Global LLC accepts clients from most countries but does not provide service to residents of EEA countries, USA, Israel, Russia, Japan, and some other countries.

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Research

5.0
How Do We Test A Broker's Research?
Research options provided by brokers may not be seen as the most important feature for some traders, but they can give you an edge over the competition. Staying on top of important market news announcements and being aware of big themes can be very helpful. The rating system provides a clear picture of how well your broker fulfills this service.

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Technical and fundamental reports from third-party research firm Claws&Horns are available for LiteForex clients. Updates are published multiple times daily. There is also an analytics feed within the web trading platform and a useful range of tools. LiteForex research materials can cater to both beginners and advanced traders.

LiteForex publishes a report on their website and trading platform called Morning Market Review. The analysis is published daily, covers economic news, and includes key technical levels.

LiteForex Research Materials
LiteForex Research Materials

We judged this material to be well-written and insightful. A report focused on Ichimoku indicators is released multiple times daily for purely technical traders. These reports include concrete buy and sell signals with take profit and stop-loss levels.

LiteForex Analytics Feed
LiteForex Analytics Feed

There is a helpful analytics feed within the web trading platform that includes multiple updates daily. Reports feature technical analysis, including Elliott Wave and Fibonacci analysis across shares, stock indices, commodities, and forex. Fundamental reports cover analysis of major economic releases.

LiteForex Trading Signals
LiteForex Trading Signals

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. Signals can be filtered by seven time frames ranging from one minute to one day.

Education

4.1
How Do We Test A Broker's Education?
Educating yourself on how to trade the financial markets can make the difference between success and failure. We check the educational content provided by the broker, its quality and suitability for beginners and advanced traders.

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LiteForex has a range of articles covering the basics of forex and also outlines interesting strategies developed by professional traders. The LiteFinance YouTube channel has educational videos ranging from trading psychology to crypto trading strategies. Both beginners and advanced traders can benefit from the available educational materials.

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.

LiteForex Educational Articles
LiteForex Educational Articles

There is a good section explaining specific rule-based trading strategies. For example, the ‘Three Ducks Strategy’, which uses multiple time frames and the 60-period moving average. The LiteFinance YouTube channel has hundreds of educational videos, many of which are focused on trading strategies and analysis of specific markets.

The Bottom Line

With its intuitive platform and wide range of tools, LiteForex provides a solid offering for new traders. The fees are not highly competitive, but this may not be a significant factor for casual traders. Reliable support via chat and email and the availability of a personal account manager are a plus for this broker. Traders with the European entity benefit from the protections guaranteed by CySEC. Those trading with the offshore entity have access to a broader range of markets and greater leverage but should be mindful that regulatory oversight is limited.

FAQ

Where is Liteforex based?
LiteForex Europe is based in Limassol, Cyprus. LiteFinance Global is headquartered in Majuro, in the Marshall Islands.

Is Liteforex safe?
LiteForex Europe is regulated by CySEC, making it relatively safe. LiteFinance Global is regulated offshore and offers few protections.

How does Liteforex make money?
LiteForex profits from the bid/offer spread, commissions, overnight financing fees, and miscellaneous account-related fees.

How do I deposit funds in a LiteForex account?
Deposits can be made by bank transfer, MasterCard, Skrill and Neteller.

What is the minimum deposit for LiteForex?
The minimum deposit is $50.

How do I withdraw money from LiteForex?
Withdrawals can be made by bank transfer, MasterCard, SaveChange Bank Card, and Neteller.

How long does it take to withdraw money form an account at LiteForex?
It can take up to 7 days to withdraw funds by bank transfer.

How much is the maximum leverage at LiteForex?
At LiteForex Europe, the maximum leverage is 1:30. The offshore entity offers standard leverage of up to 1:500 and up to 1:1000 by request.

How can I open an account with LiteForex?
An account can be opened within 15 minutes via the company website.

What platforms does LiteForex offer?
LiteForex offers MetaTrader 4 and MetaTrader 5. They also offer a proprietary web trading platform and mobile app.

What are the withdrawals fees at LiteForex?
For withdrawals via bank wire, there is a fee of €45.

Is LiteForex suitable for beginners?
LiteForex provides a user-friendly web platform, Copy Trading, educational articles, and a demo account, which are all helpful for new traders.

Does LiteForex offer a demo account?
Yes, LiteForex provides a demo account via their web-based platform, mobile app, and MetaTrader.

broker

Your capital is at risk

See LiteForex Full Information
Broker General Information
Trading Features
Other Details
Headquarters Country
Cyprus
Foundation Year
2008
Regulations
CySEC (Cyprus), SVG FSA (Saint Vincent and the Grenadines)
Publicly Traded
No
Number Of Employees
100-200
Trading Desk Type
ECN
Trading platforms
MT4, MT5
Restricted Countries
United States, Russian Federation, Japan
Supported Languages
English, Spanish, Russian, Portuguese, Indonesian, Malaysian
Min Deposit
$50
Max Leverage
1:30 (CySEC ), 1:500 (SVG FSA)
Deposit Options
Wire Transfer, Credit Card, Cryptocurrencies, Skrill, Neteller
Withdrawal Options
Wire Transfer, Credit Card, Cryptocurrencies, Skrill, Neteller
Cryptocurrencies
Bitcoin Cash, Ethereum Classic, Bitcoin, Litecoin, Zcash, Ripple, Monero, Dash, Ethereum
Products (CFD)
Currencies, Indices, Stocks, Crypto
Demo Account
Yes
Islamic Account
Yes
Segregated Account
No
Managed Account
Yes

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