LiteForex review

Information source:
The source of this information is the website and the broker's trading platform listed in the Web section of this review. The operator of this website does not verify this information and is not responsible for its accuracy, completeness, timeliness, truthfulness or the compliance of a broker with legal regulations. Please verify whether the broker is authorized to provide its services in your country of residence in accordance with the legal regulations that apply to its business.

In this review we compared LiteForex with competition based on ⏩ fees, spreads, offer of trading assets and experience of traders. LiteForex legally operates in the European Union thanks to CySec and RMI license.


Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.

Basic information from LiteForex review

About the broker

Web:liteforex.com (.org)
Readers' rating0 Votes
0
License:CySec RMI
Supported languages:English, Spanish, French, Italian, Turkish, Portuguese, Vietnamese and Hindi
Year of foundation:2005
Holder: Liteforex group
Headquarters:Ajeltake Road, Ajeltake Island, Majuro, MH96960, Marshall Islands
Methods of contacting customer support:E-mail, phone, online chat
Contact:clients@liteforex.com 88007072963
Deposit methods:Bank transfer, VISA, MasterCard, Bitcoin, Bitcoin Cash, Bitcoin Gold, Ether/Ethereum, Litecoin, Local Bank Deposits, Monero, Neteller, PerfectMoney, Qiwi, Skrill, Yandex Money
Withdrawal methods:Bank transfer, VISA, MasterCard, Bitcoin, Bitcoin Cash, Bitcoin Gold, Ether/Ethereum, Litecoin, Local Bank Deposits, Monero, Neteller, PerfectMoney, Qiwi, Skrill, Yandex Money

About trading with LiteForex

Minimum deposit:50 USD
Min. trade:0.01
Maximum leverage:

The maximum available leverage can be limited by local financial regulators or by international regulations, in such case, the displayed maximum leverage may not match the leverage you can actually trade with.

For instance, in the European Union, the financial regulator ESMA restricts the maximum available leverage to 1:30 when trading major currency pairs, 1:20 when trading minor pairs and commodities and 1:2 when trading cryptocurrencies. Similar restrictions apply in Australia and possibly in other jurisdictions.

1:500
Spreads:Look at the spread table - minimal spread on the currency pair EUR/USD is 1.8 pips * on a standard account type
Underlying assets:
Might be a CFD.
Forex (50), cryptocurrencies (15)
Account currencies: USD, EUR, CHF, RUB, MBT
Mobile app: Yes
MetaTrader 4:Yes
Other trading platforms:MetaTrader 5, WebTrader
Social trading:No

Spreads & fees

Fees of most brokers change relatively often and unfortunately it is not in our possibilities to keep up-to-date information about fees at LiteForex , of course you can find current info on their website liteforex.com (.org).

Minimal spreads at LiteForex on standard account*

EUR/USDGBP/USDUSD/JPYEUR/GBPUSD/CHFEUR/JPY
1.8

* Spread was taken 17.5.2019 at 12:31 from the web or trading platform of LiteForex .

Random reviews of competing CFD brokers: Eurotrader, ATC Brokers, GKFX and iForex

Leave A Review
Reliability and reputation are deposits and withdrawals without a problem, does the broker scam people?
91
Spread and fees
91
Trading platform, offer of trading assets speed, reliability, functions and user-friendly environment
90
Customer support speed, availability, availability in the language you speak
88
Based on 1
90
Average rating from reader reviews

Frequently Asked Questions

🧐 Is LiteForex a scam?

We highly recommend you to read the user reviews on our website before you start trading with this brokerage company. It will help you to determine if LiteForex is a scam or not.

🆓 How to open a free demo account?

Opening a demo account with LiteForex is very simple, just register on their website.

📱 Does LiteForex offer the best mobile app for trading?

LiteForex offers a mobile trading app and you can definitely start trading with it. It is very difficult and subjective to determine if they feature the best mobile platform. However, you are welcome to test it yourself.

We compared some reputable brokers and their mobile trading apps, check out the comparison and be saved from the hassle of testing the LiteForex mobile app.

⚖️ Would you recommend me LiteForex ?

LiteForex is one of tens (possibly hundreds) of brokers operating in the European Union, and that's why it makes no sense to choose LiteForex as a broker where you trade before you compare it with competitors.

Is this an ad?

We operate our website in full transparency, we recommend reliable brokers with an excellent reputation and we honestly admit to you that we receive commissions for that from these brokers. You can find the mentioned brokers in the table below with a clickable link to their site. You don't pay anything extra, you get a reliable business partner and you help us keep the website up and running. Thank you.

BrokerEnglishMin. depositSpread EUR/USD*PlatformsLicense
Readers' rating354 Votes
81
100 USD 0.8 pips
Spread was taken 15.02.2021 at 09:55 from the web or trading platform of Plus500.
In-house built CFD platformFCAASICCySecplus500.comreview EUR/USD*: 0.8 pips
Spread was taken 15.02.2021 at 09:55 from the web or trading platform of Plus500.
Readers' rating136 Votes
79
50 USD 1.0 pips
Spread was taken 15.02.2021 at 09:55 from the web or trading platform of Etoro.
In-house built platform FCAASICCySecetoro.comreview EUR/USD*: 1.0 pips
Spread was taken 15.02.2021 at 09:55 from the web or trading platform of Etoro.
78% of retail CFD accounts lose money
Readers' rating261 Votes
86
0 0.9 pips
Spread was taken 17.01.2020 at 21:19 from the web or trading platform of XTB.
In-house built platformFCA CySecxtb.comreview EUR/USD*: 0.9 pips
Spread was taken 17.01.2020 at 21:19 from the web or trading platform of XTB.

* The spread is variable for most brokers and changes depending on market volatility.


Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.

Comparing spreads, fees, trading platforms, regulations and reading dozens of user reviews of all popular FX and CFD brokers is very time-consuming for every trader. That is why we have done all this hard work for you so you could already only start trading with a company that features a quick modern trading platform, a large variety of assets and a quick customer service. From our comparisons, all these criteria are met by Etoro 78% of retail CFD accounts lose money - advertising partner.

Selecting an unsuitable broker can put even a great trader at a loss.

That is why it is important to choose the right one. Choosing the right broker often stands between profit and loss. Don't you know how to choose? We have prepared an independent article for you, which will help you with your broker selection. You will get to know, what factors are important to watch out for when you are choosing a forex/CFD broker.

If you have any experience with LiteForex , please share it in the comments to help others to choose the suitable broker.

LiteForex review & user ratings

Forum, opinions and user reviews

  1. Boris says:
    90
    nice broker

    nice broker

    Breakdown
    Leave A Review

    Reliability and reputation are deposits and withdrawals without a problem, does the broker scam people?
    91
    Spread and fees
    91
    Trading platform, offer of trading assets speed, reliability, functions and user-friendly environment
    90
    Customer support speed, availability, availability in the language you speak
    88
    0
    0

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Reliability and reputation are deposits and withdrawals without a problem, does the broker scam people?
Spread and fees
Trading platform, offer of trading assets speed, reliability, functions and user-friendly environment
Customer support speed, availability, availability in the language you speak
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