LiteForex REVIEW (Update 2022)
LiteForex Guide - In-Depth Review for 2022
LiteForex is a high-tech broker offering active and passive trading solutions. The company was founded in 2005, and it has developed into a market leader. With its unique technical solutions for transferring transactions to the interbank and to liquidity providers, LiteForex is one of the largest online ECN brokers today.The Social Trading platform allows automatic copying of other traders' transactions and other advantages for efficient and comfortable trading.
Trading Advantages with LiteForex
Table of Contents
History of LiteForex ?
LiteForex was founded in 2005 with the goal of making the Forex market accessible, safe, easy and profitable for people around the world.
LiteForex Investments Limited is a Marshall Islands company registered under the number 63888, operating under the Marshall Islands Business Corporation Act. It has its headquarters at Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960.
With this in mind, LiteForex was the first forex broker to introduce the cent accounts service, which only required an initial deposit of 1$. It enabled thousands of clients to access Forex.It changed the history of Forex development because it was never offered before.
LiteForex is one of the most prestigious brokerage companies in the world, uniting traders of all levels from around the globe. LiteForex is on the World Finance list of the top 100 companies. Our offices are spread over many countries.
The company’s competent staff is ready at all times to provide assistance to the clients, making it one of the easiest, safest and most reliable ways to conduct Forex trading operations.
The LiteForex group of companies is made of highly qualified professionals that we have selected from hundreds of applicants from all over the world for the purpose of providing the best conditions for theirs clients.
Features of LiteForex
| 💰 Min Deposit | $50 |
| 👱♂️ Used By | 1,809,503 LiteForex users and traders |
| 📆 Founded | 2005 |
| 🌍 HQ | Majuro, Marshall Islands |
| 👮♂️ Regulation | CySEC (Cyprus), ICF |
| 🚫 Excluded Countries | LiteForex is not available in the following countries : USA, Israel, Japan, Russia, and some other countries. |
LiteForex Account Comparison
LiteForex offers traders an optimal choice when it comes to opening a forex account. This includes professional ECN accounts with floating spreads and unlimited trading strategies
ECN Account Features
- Increased quoting precision
- Market execution of orders with no requotes
- No Stop & Limit levels
- Scalping and news trading allowed
- Unlimited duration of transactions
- Trades are delivered directly to liquidity providers
- No conflict of interests
- Social Trading platform is available
- 2.5% per annum in your account
- Leverage 1:500
- Negative Balance Protection
Classic Account Features
- Increased quoting precision
- Market execution and no requotes
- No Stop & Limit levels
- Leverage 1:500
- Minimum deposit : $50
- Bonus 30%
The broker offers an account type for all styles and levels of trading experience. Forex traders hoping to execute computerized trading techniques or exchange high volumes will favor the Raw Account's low expenses.View the Standard versus Raw Spread correlation table to track down the right account for your requirements.
Islamic Account Option
LiteForex offers Islamic accounts (also known as swap free accounts) for clients who cannot earn or pay interest due to their religious beliefs.
The swap free option** is available on both on the MT4, MT5 and cTrader platforms.
Overnight Financing Charges
The spread costs will be the same as those for the Classic or ECN account, depending on which version you select. The full spread list can be viewed on the broker’s website.
The LiteForex Islamic account will include the following features:
- Interest is not charged on contracts that are held for more than 24-hours. There is a consistent zero rollover interest.
- There are no additional rollover commissions where contracts are held for longer than 24-hours.
- Traders have access to the broker’s educational material
- Traders have access to all of the broker’s platform features
- Direct execution on trades
Liteforex Spreads
Low Commission
Consider the rollover or swap rate as well, since the broker charges a small fee for holding the position longer than a day and is determined by the instrument.
For ECN trading account: A commission of 0,12% of an asset’s market price is charged on cryptocurrency pairs at the opening of a position.
LiteForex Trading Platforms
LiteFinance offers only the most popular trading platforms of the Forex market: MetaTrader4, MetaTrader5, WebTerminal, and mobile versions
Account Funding
With LiteForex You can fund your account with a wide range of payment methods, while some of them include fees and others are free of charge.
The LiteFinance company provides an impressive range of payment methods to top up Forex accounts and withdraw profits. LiteFinance’s clients can use a multitude of international e-payment systems, bank cards, wire transfers, and other methods:
- Visa/MasterCard
- Wire transfer
- Neteller
- Skrill
- QIWI
- Perfect Money
- Cryptocurrencies
Regulation
LiteForex (Europe) Limited is registered as a Cyprus Investment Firm (CIF) with the registration number HE230122 and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 093/08 in accordance with Markets in Financial Instruments Directive (MiFID).