LiteForex Forex Broker
Basic Information
Cyprus
15-20 years Regulated in Cyprus Straight Through Processing (STP) MT4 Full License MT5 Full License cTrader Global Business High potential riskCompany Summary
Rating Index
Pros
Low minimum deposit requirement of $50, making it accessible for new traders.
Offers a range of trading platforms including MetaTrader 4, MetaTrader 5, and a proprietary platform for various trading styles.
Regulated by CySEC, providing a level of security and investor protection.
Cons
Limited educational resources and trading tools, which may not cater to advanced traders.
No cent accounts available, potentially restricting options for beginner traders.
Complex verification process that may deter new users from quickly starting their trading experience.
LiteForex Forex Broker - Comprehensive Information Guide
1. Broker Overview
LiteForex, officially known as LiteForex Investments Limited, was established in 2005. The company is headquartered in Majuro, Marshall Islands, with significant operational offices located in Limassol, Cyprus. As a private entity, LiteForex has built a reputation for providing forex and CFD trading services globally, catering primarily to retail clients while also serving institutional traders.
Over the years, LiteForex has achieved several milestones, including the introduction of innovative trading technologies and a focus on social trading mechanisms that allow users to copy successful traders. The company's development has positioned it as a leading broker in Asia, particularly in markets like Malaysia.
LiteForex operates under a business model that focuses on retail forex trading and offers various services, including social trading, which enables clients to automatically replicate the trades of experienced investors. This model has attracted a diverse clientele, from novice traders to seasoned professionals looking for advanced trading solutions.
2. Regulation and Compliance Information
LiteForex is regulated by the Cyprus Securities and Exchange Commission (CySEC), holding the license number 093/08. This regulatory oversight ensures that LiteForex adheres to the strict financial standards set forth by the EU, providing clients with a level of security and trust.
The company operates through two main legal entities: LiteForex (Europe) Ltd, which is regulated by CySEC, and LiteFinance Global LLC, incorporated in St. Vincent and the Grenadines, which is unregulated. The regulatory framework in Cyprus includes provisions for client fund segregation, ensuring that traders' money is kept separate from the company's operational funds. Additionally, LiteForex participates in the Investor Compensation Fund, which provides up to €20,000 in compensation for clients in the event of brokerage liquidation.
To comply with international standards, LiteForex follows Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring clients to verify their identity and address before trading.
3. Trading Products and Services
LiteForex offers a comprehensive range of trading products, including 56 currency pairs, which encompass major, minor, and exotic currencies. The broker also provides access to 6 commodities, such as gold and crude oil, and 11 global stock indices.
Moreover, LiteForex has expanded its offerings to include CFDs on various assets, although it currently lacks share CFDs and cryptocurrencies in its product lineup. The broker continuously updates its trading instruments, aiming to enhance its portfolio and respond to market demands.
For retail clients, LiteForex provides a user-friendly trading experience, while institutional clients can benefit from tailored services. The broker also offers a unique social trading platform, allowing users to copy trades from successful traders, thus facilitating a collaborative trading environment.
4. Trading Platforms and Technology
LiteForex supports both MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, which are widely recognized for their robust features and user-friendly interfaces. These platforms provide traders with comprehensive charting tools, technical indicators, and automated trading capabilities through Expert Advisors (EAs).
In addition to the MetaTrader platforms, LiteForex has developed its own proprietary trading platform that integrates advanced charting features powered by TradingView. This platform is designed to enhance the trading experience, especially for novice traders, by simplifying the trading process.
The broker also offers a VPS hosting service for low-latency trading, which is particularly beneficial for algorithmic traders. This service allows traders to run their EAs continuously without interruptions due to connectivity issues.
5. Account Types and Trading Conditions
LiteForex provides two primary account types: Classic Account and ECN Account, both requiring a minimum deposit of $50.
Classic Account: This account features a floating spread starting from 1.8 pips and does not charge a commission on trades. It is ideal for beginners who prefer a straightforward trading experience without additional costs.
ECN Account: Designed for more experienced traders, this account offers tighter spreads starting from 0.0 pips, but incurs a commission of $5 per lot traded. This account type is suitable for high-frequency traders seeking optimal pricing and execution conditions.
Both account types allow for a leverage of up to 1:500, although European clients are subject to a maximum leverage of 1:30 due to regulatory restrictions.
LiteForex also offers a demo account for users to practice trading strategies in a risk-free environment, as well as Islamic accounts that comply with Sharia law for traders who wish to avoid interest.
6. Fund Management
LiteForex supports a variety of deposit methods, including bank transfers, credit cards, and several e-wallets such as Skrill, Neteller, and Perfect Money. The minimum deposit requirement for both account types is $50.
Deposits are processed instantly without any fees, as LiteForex covers the costs imposed by payment providers. Withdrawals, however, may incur fees depending on the method used. For instance, withdrawals via credit card may attract a fee of 3%, while e-wallet withdrawals are generally free.
The withdrawal processing time varies, typically taking up to 24 hours for e-wallets and 2-5 business days for bank transfers. LiteForex employs a "return to source" policy, meaning that withdrawals must be made using the same method as the deposit.
7. Customer Support and Educational Resources
LiteForex offers customer support through various channels, including live chat, email, and telephone. The support team is available 24/5 and can communicate in multiple languages, including English, Spanish, Russian, and Portuguese.
In addition to customer support, LiteForex provides a range of educational resources designed to enhance traders' skills. These resources include webinars, tutorials, and an extensive library of e-books covering various trading topics. The broker also offers market analysis services and trading tools, such as economic calendars and trading calculators, to assist traders in making informed decisions.
8. Regional Coverage and Restrictions
LiteForex serves a diverse range of markets globally, with a strong presence in Asia and Europe. However, the broker does not accept clients from specific countries, including the United States, Japan, and several others due to regulatory restrictions.
The company operates through multiple regional offices, including those in Cyprus and other parts of Asia, ensuring that it can cater to a wide array of clients while complying with local laws and regulations.
In conclusion, LiteForex is a well-established broker with a solid regulatory framework, diverse trading products, and user-friendly platforms. While it has some limitations in terms of product offerings and higher trading costs on standard accounts, it remains a reliable choice for both beginner and experienced traders. As always, potential clients are encouraged to conduct their own research and consider their trading needs before opening an account with any broker.
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Latest Reviews
FX3628506672
Thailand
From confidence to despair, the endless fluidity of the platform and shameless management. After four months of trading, I placed a buy order at 1.2630 for GBP/USD. At that time, the market volatility was stable, but the order was actually executed at 1.2671, with a slippage of 41 pips. Please remember that on legally compliant Thai forex platforms, slippage is generally controlled within 5-10 pips under similar market conditions. Even more shocking was earlier this month when the European Central Bank (ECB) announced its interest rate decision. I set a stop-loss at 142.50 for EUR/JPY to prevent significant losses. However, when the market fluctuated, the stop-loss was actually executed at 143.23, with a slippage of 73 pips. This single order cost me $3,200, which was two months of my savings. This platform, which relies on slippage fraud and lacks integrity, urges all Thai traders to be cautious and not fall victim to the same scam I did!
Exposure
2025-09-04
FX2727094690
Thailand
Last Friday at 9.10 AM, I was staring at the XAU/THB (gold to baht) stock market until 3 AM to analyze nearly 15 days of trading data. It was an opening position of more than 5 lots at the 26,450 point. After clicking and confirming, the platform froze directly. The order status on the screen kept showing "processing" all the time. I frantically clicked refresh, went back and entered the background again, and even restored the phone to factory settings. It took 25 minutes to get back in. When I checked again, the price had surged to 26,720—I could have made a profit of 67,500 baht. But now, not only did I not make a profit, but panic followed, and I ended up adding another 83,000 baht to the losing position. I complained to customer service, and the woman there sounded like a buzzing mosquito, going in circles saying, "At that time, the server was under temporary maintenance, and there was nothing we could do." Maintenance without prior notice? My friend was trading on another platform at the same time, and their entire process went smoothly. This month, I lost nearly 500,000 baht just because of LiteForex's lag and failed orders! LiteForex, you deliberately delay and want us retail traders to suffer.
Exposure
2025-09-03
FX1201556053
Thailand
This platform keeps saying it's "data-based," but it's all just a scam. I've been applying for a withdrawal for almost two weeks, and I haven't seen a penny! I was initially deceived by their promises of "accurate data and three-day withdrawals." I thought I'd invest some money to supplement my family's income, but as soon as I put my money into the platform, they pocketed it! Every time I contact customer service for an explanation, they say, "The data verification failed and I need to resubmit my information," or "The finance department is checking my transactions, so please wait." They can't finish checking for two weeks? It's clear they don't want to pay! Yesterday, I pushed them too hard, and they even said, "There were illegal transactions in my account and my funds were frozen!" I was just trading normally, so how could there be any violations? This is a clear scam!
Exposure
2025-09-04