LiteForex Review 2021

Regulated By:CySEC

Foundation Year:2008

Headquarters:124 Gladstonos Street, The Hawk Building, 4th Floor, 3032, Limassol, Cyprus

Min Deposit:$50

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The MT4 features 9 timeframes while the MT5 has 21 timeframes.

  • The MT4 has 30 inbuilt indicators while the MT5 has 38. Both support additional custom indicators.
  • The MT5 has the Depth of Market feature.
  • The MT5 has the economic calendar inbuilt into the platform.
  • Forex Social Trading: This is an automated copy-trading system from LiteForex. Social Trading enables a trader to duplicate the best trades of expert traders in order to make profits. The platform is available for all traders and it is web based. No downloads are required.
  • Mobile Trading Platforms

    The mobile trading platforms are the MT4 and the MT5. They are both available as Android and iOS apps. These apps are loaded with features used for analysis, news, alerts, trading on the go, etc.

    The mobile trading platforms available are the MT4 and the MT5 apps. These apps are developed for the Android and iOS mobile operating systems. The apps are downloadable from their respective app stores. The MT5 app is a more fully packed version of the mobile platform. It contains more features, indicators and more asset types. Here is a summary of the features of the MT4/MT5 mobile apps:

    • The apps are user friendly and easy to use.
    • Can be used to monitor the markets with live quotes, market news, etc
    • Sound notifications and alerts.
    • Inbuilt charts and indicators for technical analysis.
    • Full order management, order placement and history.
    • Account management options.

    Trading Features

    The MT4 and the MT5 are platforms suitable for all kinds of trading styles and strategies. They have a lot of useful features. Social Trading is designed for copying the trades of expert traders, but it has other features.

    LiteForex Social Trading Platform

    This platform is mainly designed for social trading so that expert traders can make profits when inexperienced traders copy their strategies and trades. The unskilled traders can trade simply finding an expert and copy his trades. Here are the features of the platform:

    • Copying Trades: With this platform, you can easily find expert trader using several criteria like; profitability, period of trading, number of followers etc.
  • Entering trades: This platform provides full order management include risk management features.
  • Account Management: You can easily fund account, withdraw and view history.
  • Charting and Technical Analysis: The platform has several tools for analysis including drawing tools, 7 chart styles, about 80 indicators, etc.
  • Analysis: This is presented by LiteForex on selected instruments. It can be accessed directly on the platform.
  • Commissions & Spreads

    “LiteForex offer low spreads on tradable assets. The benchmark EURUSD spread is as low as 0.1 pips.”

    The table below shows some of asset symbols and the spread for the ECN Account which offers the lowest spreads:

    AUDUSD 0.3 XAUUSD 1.1
    EURUSD 0.1 XAGUSD 0.2
    GBPUSD 0.6 XPDUSD 54.6
    NZDUSD 0.4 XPTUSD 13.8
    USDCAD 0.1 OIL
    USDCHF 0.5 UKBrent 3
    USDJPY 0.2 USCrude 3
    EURGBP 0.5 IBEX35 60
    EURJPY 0.4 SPX 0.4
    GBPJPY 0.8 YM 2
    USDZAR 46 NQ 3
    USDMXN 36 FTSE 3.3
    EURZAR 67 FDAX 3.1
    USDRUB 144 CAC 2.8
    EURRUB 225 SX5E 1.6
    USDILS 20 ASX200 4
    GBPTRY 186.5 HK50 25
    EURSGD 0.9 NI225 2280
    INDICES #AA 0.1
    IBEX35 60 #AXP 0.4
    SPX 0.4 #BA 1.6
    CAC 2.8 #BAC 0.1
    SX5E 1.6 #CAT 0.5
    ASX200 4 #WMT 0.2
    HK50 25 #XOM 0.1
    NI225 2280 #BABA 0.9
    Cryptocurrency #V 0.2
    BTCUSD 243.8 #LMT 1.9
    DSHUSD 2.4 #AAPL 0.5
    EDOUSD 7.8 #CSCO 0.1
    XRPUSD 6.9 #FB 0.4
    ZECBTC 0.7 #SBUX 0.1

    * All data listed above is taken from the Liteforex.com website. It was correct at time of writing this review and is subject to change by broker at any time.

    Bonus & Promotions

    “Promos and contests are frequently announced but ‘Best of the best demo contest’ and ‘Show your worth contest’ are ongoing.”

    From time to time, LiteForex organizes promos and contest for traders; these are the active contests at the time of writing this review:

    Best of the Best Demo Contest: 5 demo account traders with the most profitable trades and least risk management will be declared winners. Price fund is $10,000 to be shared between the 5 winners. The contest comes up every month. A demo trader can win up to $4,000.

    Show your worth contest: Traders are to make a short video forecast, review or a lesson using LiteForex’s website or platforms. The price is $100 and it is drawn periodically.

    Zero Fee: The broker returns your commissions paid on deposits.

    Customer Support

    “The customer support is available 5 days a week. The support channels are: Live web chat, email, phone and social Media. The support desk is multilingual and in different countries.”

    The support team works from 9am to 6pm, Monday to Friday while the technical support team works 24/5, Monday to Friday. The following support channels are available:

    • Instant Web Chat: This is available for General Customer inquiries, Affiliate programs department and financial department. Chat assistants are fast and ready to help.
    • “Feedback” Form is on the “Contact Us” page of the website. Fill the form and the support team will reply via phone or email.
    • Email:clients@liteforex.com; trading@liteforex.com. For the LiteForex EU: support@litforex.eu. There are other emails for specific countries: India; india@liteforex.com, Philippines: liteforex.ph@gmail.com, Nigeria: Ibadan@liteforex.com, Vietnam@liteforex.com.
    • Phone Number: UK; 88007072963, Philippines: +63 956 157 3247, Nicaragua: +50522268544, Nigeria: 08101962515, Vietnam: 02873019986, Indonesia: +628889421400,

    Social Media: The following social media channels are available:

    • Facebook.com/LiteForex
    • LinkedIn.com/LiteForex-Official
    • Plus.gogle.com/+LiteForex
    • Instagram.com/LiteForex
    • Pinterest.com/LiteForex
    • Twitter.com/LiteForex
    • YouTube.com/LiteForexOfficial
    • Telegram: The LiteForex telegram channel is frequently updated.

    The support desk is alert and ready, because when a chat was initiated, a chat support assistant joined the chat within 50 seconds. Emails are replied to in less than 24 hours and answers are informative.


    LiteForex provides the Economic Calendar, VPS, forex calculators and LiteForex analysis provided in partnership with Claws & Horns. These tools assist the trader in making his trading decisions. ”

    The following research tools are provided:

    • An Economic Calendar is provided on the Website and on the MT5 platform.
    • A Virtual private server (VPS) is available from $15 per month to $45 depending on server configurations.

    • LiteForex Analytics: This is provided daily on the website. The in-house experts provide the analysis on trading instruments.
    • Analytical Materials from Claws & Horns:  This is an in-depth analysis provided by the renowned independent experts, Claws & Horns. They provide reviews, forecasts, trading signals, video reviews and all kinds of quality expert analysis. It is available free of charge to LiteForex clients.

    LiteForex also has an app for android and iOS mobile devices.  The Claws and Horns analysis is available in the app. The app gives technical analysis, video reviews, Signals, Economic Calendar, Market review and Currency converter.

    • Fibonacci Calculator and Trader’s calculator are also available.

    Trader Education

    “LiteForex has several articles on forex training designed for a beginner. There is a list and description of expert recommended books for the trader.”

    The following training materials are provided and are acceptable although by no means definitive:

    • LiteForex has a library of books recommended for the trader to read. There are over 100 books. Some of them are ‘Get Smart, Popular Economics, Attacking currency trend, etc.
    • There is a comprehensive Forex trading tutorial aimed at beginner traders.
    • There are several basic articles on Forex trading, and trading indicators.
    • A glossary defining the meaning of about 220 forex trading related terms is provided.

    Trading Experience

    “LiteForex is suitable for all levels of trader. It offers trading contests for fun and rewards, copytrading for new traders to learn trading and experienced traders to make commission as trade leaders and two sophisticated platforms for self trading.”

    LiteForex is an old and experienced broker that has been in operation for over a decade. The brand has expanded its services across the globe. The number of clients participating in the contests is overwhelming. The social trading community is also very active.

    The social trading platform is perfect for new traders and expert traders too. New traders can make trades by copying trades while experts can make money from commissions they earn when their trades are copied. The MT4 and MT5 platforms are sophisticated and perfect for all types of traders and all trading styles.


    Here are some of the “Frequently Asked Questions” about LiteForex:

    Where is LiteForex based?

    The LiteForex broker firm is based in the Marshall Islands and Cyprus but have offices in other countries too.

    How does LiteForex make money?

    LiteForex makes money from spreads and commissions.

    How do I deposit in LiteForex account?

    The payment options accepted are: Bank wire transfers and Local bank transfer. Credit/Debit Cards like Mastercard and VISA are accepted. LiteForex also accept ePayment options like Skrill, Neteller, Perfect Money and Qiwi, Yandex.Dengi. Cryptocurrencies like Bitcoin, Litecoin, Monero, Ethereum, Bitcoin Cash and Bitcoin Gold are accepted.

    What is the min. deposit for LiteForex?

    The minimum deposit is $50 for all account types.

    What is the maximum leverage in LiteForex?

    Maximum leverage is 1:500 for international clients while EU clients get a maximum of 1:30.

    How do I open an account with LiteForex?

    Click the “Registration” button found on the top right hand side of the website.

    Does LiteForex use MetaTrader?

    Yes, the MT4 and MT5 platforms are provided.


    LiteForex is an experienced broker, that has grown through the years to become a global brand. The quality of its brand which operates in the EU and UK is great, with investors’ funds fully segregated. The platforms provided are modern, sophisticated and suitable for every trading style. The social trading platform provided is apt for both expert and new traders.

    The analysis provided is comprehensive, qualitative and very beneficial to traders as it is quite deeply researched. There are regular contests and promotions to encourage traders and a load of resources for beginner traders. The broker caters for investors as well as traders with around the clock support and access for cryptocurrency trading.

    Pros Cons
    • Regulated brokerage in the EU and UK.
    • Localized offering through local offices.
    • Local offices provide free offline training for beginners.
    • Website is easy to navigate and customer service is responsive.
    • International locations are served through an unregulated jurisdiction.
    • Margin requirement for crypto trading on EU/UK brand is very high (50%).
    • Generally speaking, there is a level of discrimination in the quality of services offered to EU/UK clients and international clients.


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    Shahreza Iskandar
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    Have been with this broker since 2013 (Mayzus). Islamic swap free acc. The best broker I have been dealing. Hassle free with deposit or withdrawal. Pro Fast execution Fast deposit and withdrawal Cons A bit high on commission


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