LiteForex forex broker review and detailed information

LiteForex forex broker review and detailed information

How does LiteForex compare with its competitors? Check out also our comprehensive and fully interactive comparison of forex brokers. If you do not know what the terms in the following tables mean, read the tutorial about forex brokers first.

LiteForex forex broker logo

Basic information about LiteForex

WebsiteVisit LiteForex
TypeNo dealing desk (NDD)
Regulated bySIBA
CountrySeychelles
Established in2005
Live chatyes

Trading terms

Commission (pips)0.00-0.00
Fixed spreadyes
Variable spreadyes
Spread on majors (pips)0.0-3.0
Leverage500:1
Minimum deposit (USD)1
Minimum trade size (USD)1000
Accepts scalping

Available features

Number of currency pairs43
Precious metals (gold & silver)yes
Oilno
Stocks, Indices, and/or CFDsyes
Hedgingyes
Trailing stopyes
Free automated tradingyes
MetaTrader 4yes
Mobile tradingyes

Forex account

Demo accountyes
Interest on unused balanceyes
Islamic swap-free accountsyes
Accepts U.S. citizensyes
Payment by Bank wireyes
Payment by Credit cardno
Payment by PayPalno
Payment by checkno
Other payment optionsAlertPay, Liberty Reserve, MoneyBookers, WebMoney
Account in USDyes
Account in Eurono
Account in GBPno
Account in CHFno
Account in JPYno
Account in AUDno
Account in CADno
Account in NZDno
Account in CZKno
Account in DKKno
Account in HKDno
Account in ILSno
Account in NOKno
Account in PLNno
Account in RMBno
Account in RURno
Account in SEKno
Account in SGDno
Account in ZARno

Languages

Arabicyes
Chineseyes
Czechno
Dutchno
Englishyes
Frenchyes
Germanyes
Greekyes
Hebrewyes
Indonesianno
Italianno
Japaneseyes
Koreanno
Malaysianyes
Polishno
Portugueseyes
Russianyes
Spanishyes
Turkishyes

LiteForex forex trading account registration


LiteForex customer reviews

Are you a satisfied customer? Or you want to share a scary story? Tell the world about your real-life experience with this forex broker! While writing your review, please also specify for how long time you have been trading with them and what trading style you use (for example news trading, grid trading, scalping, etc.). Readers with a similar trading strategy will pay more attention to your comment. Only genuine broker reviews will be published; posts promoting a website and generic comments will be removed.



Tomas
2012-06-12
Liteforex has been in the market for a long time, so it must be doing something right. After some time of trading with Liteforex, I can say that it IS a reliable forex broker. Execution speed is high. Withdrawal speed is okay. Deposits are instant. Micro lots are perfect for my money management strategy. I would recommend Liteforex to a friend.


Bruce
2011-08-02
No complaints at all. Geert deposits and withdrawals always take time and are not the fault of the broker. Made good money with them. I recommend them for beginners.


Geert
2011-02-08
I have to review my previous posting.
STAY CLEAR OF THESE GUYS.
Endless requotes as soon as you start to trade real money. Buy and sell stop and limit orders are not executed even when enough money is on your account. Unexplained delays in deposits of money.
Please beware.


Geert from Kaohsiung Taiwan
2011-01-20
After reading the reviews I thought it might be just for me. Too many people complain about it. Well it turned out I was right. Their system is awkward and counter intuitive but I find that seems to help me. I have lost more than 10000 Euro on AVAfx and FXCM. Yet on LiteForx in 2 days I have turned a 50% profit.
So this system is not for everyone but is sure fits me to a tee.


Peter from Slovakia
2010-08-10
I trade with LiteForex for more than a year. It is a good broker to trade with (but not excellent), they lowered spreads on 2-4 pips on majors, but sometimes there are many re-qoutes making you another 2 pips slippage.


Reut Yanekovich
2009-05-18
Great broker, traded for 7 weeks then withdrew in 2 days, never got a complaint. Very recommended


Mandy from Canada
2009-01-10
I didn't experience any problems with LiteForex. I made a deposit via E-gold and the money appeared immediately in MetaTrader 4. Withdrawals via E-gold are also fast. My two withdrawals of $250 and $300 took less than a day. I use S/L and didnít see any stop hunting. I believe LiteForex is an honest broker. Just FYI, I donít trade news and I use expert advisors in MT.


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