LiteForex

Details

Broker LiteForex Investments Limited
Website URL liteforex.com
Founded 2005
Headquarters Marshall Islands
Support Number 1-888-746-5619
Support Types call center, call back feature, live chat, forum rooms
Languages English, Spanish, Russian, French, Portuguese, Turkish, Chinese, Malaysian, Brazilian
Trading Platform MetaTrader 4, MetaTrader4 Mobile, MetaTrader4 Mobile SE, MetaTrader4 MulitTerminal, MetaTrader 5, Web Trader
Minimum 1st Deposit $10
Minimum Account Size $10
Bonus 30% Deposit Bonus
Leverage 1:1000
Spread Fixed, from 3 pips
Free Demo Account Yes
Regulated Yes
Account Types Lite, Real, NDD, STP, SGD
Deposit Methods Bank Wire Transfer, Credit Card, Neteller, OKPay, PerfectMoney, QIWI, Skrill, Webmoney, Boleto
Withdrawal Methods Bank Wire Transfer, Credit Card, Neteller, OKPay, PerfectMoney, QIWI, Skrill, Webmoney, Boleto
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes
Overall Score 4/5

Pros

  • MT4 and MT5 platforms
  • Features variable spreads to as to keep the spread tight
  • Allows traders to set up their accounts for just about $10
  • Choice of dealing desk or “open market” execution accounts.
  • Leverage up to 1000 times.
  • Trailing stops can be used.
  • PAMM accounts are available with unique features such as take-profits and capital protection.

Cons

  • Not regulated

The company LiteForex Investments Limited registered in the Marshall Islands under the number 63888 and regulated by the Marshall Islands Business Corporation Act. The company’s address: Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960. LiteForex is an up and coming Forex dealer that offers Forex trading in a straightforward and no-nonsense manner. The company has been around since 2005, and can offer accounts with as little as $1, making it a perfect place to learn the markets. The dealer also pays interest of 3.5% on the balance of your account that is not involved in trading as well, offering a way to increase your profits over time. LiteForex uses the MetaTrader 4 and 5 platforms, both of which are well known throughout the world, and have placed millions upon millions of trades over the years. It also offers a web-based basic platform which is more suited to monitoring positions instead of analytics as it is much more basic than the MetaTrader platforms.

LiteForex’s achievements are widely acknowledged by the world’s brokerage professionals, and the company’s numerous awards only confirm that: “LiteForex – Best Forex Broker Africa”, “LiteForex – best affiliate program 2010”, “LiteForex – best affiliate program 2011”, “LiteForex – best PAMM service solution provider” according to World Finance, “LiteForex – best foreign exchange retail service provider” according to the magazine European CEO, “LiteForex – the best clients service” according to China International Investment & Financing Expo, “LiteForex – the most stable broker in Asia”, “LiteForex – affiliate program innovator” according to ShowFX World – this list can be easily continued. LiteForex’s story is no doubt the story of signal success, innovative business solutions and remarkable steps on the Forex market.

Bonuses/Promotions:

  • Non-Stop -30% + 15%
    You will receive a bonus of 30% of each deposit in case you deposit more than $100 in your trading account in the first 24 hours following its opening. A bonus of 15% will be paid into the account for next deposits over $100. A bonus acts as an additional margin when trading and increases your trading potential. Also, you may withdraw it when the promotion conditions have been fulfilled.
  • Pips Back: up to 35% spread rebates
    Take part in the Pips Back program, trade and gain spread rebates after each trade! The money earned through the Pips Back program is fully at your disposal: you decide whether to use it in trading and make more profits or withdraw it from your account with no limits.
  • Multilevel program “Bring a friend 2.0”
    More friends-more money! Earn $15 for each attracted friend, $10 for each 2nd level friend, $5 for each 3d level friend and $2 for each 4th level friend.
  • We pay fees back
    Fees charged when depositing by bank cards will be paid back into your trading account

Account types

Compare Cent Classic ECN PAMM
Spread Fixed, from 2 pips Fixed, from 2 pips Floating, from 0,9 pip(s)
Leverage 1:1000 – 1:1 1:500 – 1:1 1:400 – 1:1 1:200 – 1:1
Minimum deposit $10 $100 $500 $2001
Recommended deposit $50 $300 $2000 $1000
Account base currency USD cents, EUR cents, CHF cents, RUB kopecks USD, EUR, СHF, RUB USD, EUR, СHF, RUB USD
Commission None
Platform MT4/MT5 MT4/MT5 MT4 MT4
Execution type INSTANT EXECUTION MARKET EXECUTION
Newswire Full text
Islamic accounts Yes
Rate, % per annum2 0 3,5 7,5 0
Lot size, $ 1000 100000 100000 10000
Minimum lot 0,1 0,01 0,01 0,01
Maximum lot 100 100 100 10000
Minimum step 0,01 0,01 0,01 0,01
Max. number of orders 300 Unlimited
Margin Call Level 50% 50% 100% 100%
Stop Out Level 20% 20% 50% 50%
Locked Margin 50% 50% 50% 50%
  1. The minimum first deposit amount refers to Manager’s accounts. The minimum first deposit amount for Investment accounts is $10.
  2. Annual interest rate is the percentage credited on surplus funds (annual interest).
    The state of the account is checked daily at the end of the day (at 23:59 GMT +3) to determine the amount of client’s own funds not used in trading.

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