LiteForex — Forex Broker Rating and Review 2020

LiteForexhttp://www.liteforex.com/
Status
Regulation Marshall Islands Business Corporation Act
Trading software MetaTrader4/5, Sirix
Headquartered Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MN96960.

Our company was founded in 2005 to make the Forex market accessible, safe, easy and profitable for traders from all over the world.  Guided by those purposes, we were the first to introduce cent accounts with the initial deposit of as little as $1, thus making Forex available to thousands of clients. Nowadays, LiteForex broker is one of leading brokerage companies that unites traders worldwide. LiteForex is on the top 100 companies list according to World Finance. Our representative offices are opened throughout the world.

LiteForex provides its clients with MetaTrader 4, by far the most popular trading platform.  Our clients can also access the cutting-edge platform MetaTrader 5. Freely downloadable applications for trading via mobile devices (Android, iOS and other OS) are always at hand. The trading platform Sirix, the most advanced trading platform with the portability of an easily downloadable mobile application, provides our traders with a social trading option so that they could follow and copy expert gurus around the world to help them confidently make trading decisions and build impressive expert portfolios.

The minimum initial deposit for LiteForex’s clients is 10$. The maximum leverage amounts to 1:1000. These are the best conditions for beginners as they provide them with risk-free trading experience. Free demo account is also available for the broker’s customers. LiteForex’s clients can deposit with the usage of more than 50 payment systems. The most popular ones are Skrill, WebMoney, bank wire transfers or direct deposits via VISA and MasterCard. There's no limit to how much money clients can withdraw. The automatic processing of withdrawal requests the Company has introduced recently speeds up the process of funds withdrawals and reduces waiting times for all clients. So, the withdrawal is automatic, fast and unlimited. Besides, LiteForex is one of the islamic forex brokers offering Islamic types of accounts. All these male LiteForex forex broker very comfortable for trading on the currency market.

LiteForex’s clients are guaranteed twenty-four-hour technical assistance 5 days a week. The “single window” system makes it possible to receive competent advice on any matter by use of LiveChat. Each client is provided with a personal manager as well. “The Best Client Service” award received at the 6th International Investment & Finance Exposition confirms our staff’s high competence and client-oriented service approach. On the company’s website you can find how to use LiteForex and how to trade on LiteForex as well as where is LiteForex located .

LiteForex broker clients are assured of the complete safety of their personal information. Non-trading operations at LiteForex are safe as well. The HTTPS data encryption protocol (Hypertext Transfer Protocol Secure) used in Personal Profiles provides safe data transfers between the client and the server and excludes any acts of the client’s personal data interception.

LiteForex trading information

WWW http://www.liteforex.com/
Address Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MN96960.
Headquarters Marshall Islands
Free phone Canada Toll-free - 1-888-746-5619 UK Toll Free - 0-808-189-1398 Russia Toll-free - 8-800-707-2963 Malaysia Toll-free - 1-800-815-303 Indonesia Toll-free - 001-803-015-203-9772
24 hour support
Partnership programs
Trust management
Expert advisors
Free education
Interest charges on the balance
Bonuses, Promotions
Forex contests, competitions
1st deposit bonus
Trading by phone
Mobile trading
Automated trading
Daily analysis
Demo account
Swaps
24 hour trading
Accepts US traders
Scalping
Hedging
PAMM
Digits after the dot in quotes 4,5
Minimum position size 0.01
Spread Type fixed and variable
Pip spread on majors 0.4
Leverage 1000
ECN, $ 400
Standard account, $ 100
Micro account, $ 10
Popular payment methods Credit Card Transfers, Bank Wire Transfers, Skrill, Neteller, Local Deposits, WebMoney, QIWI purse, OKPAY, Perfect Money, Boleto Bancario, TBL
Account currencies USD, EUR, RUB, CHF
Available assets Precious metals, Currencies, World Indices, Oil, CFD, CFD_RU
Languages English, Spanish, Portuguese, Russian, Indonesian, Vietnamese, Malay, Thai
Platforms MetaTrader4/5, Sirix
Broker type ECN
Regulation RMI BCA
Foundation 2005
Copy Trading Brokers

Todays Markets open and my Account money has disappeared. No Low Margin alerts or trades, and no trade losses. Just for no reason, money seems to have disappeared. I have screenshots to prove this... because I expect these things from liteforex to happen. They are very dodgy forex broker for years. nothing has changed.

Chris   9 March, 2020  

They are not paying any commission for my clients. Now they have replied me with this. Please read as follow: "Dear, Your affiliate program was disabled for direct violation of Affiliate agreement, clause 3.2. And it won't be enabled again. This is a final decision and it won't be discussed further. Best regards, Client Service Department"

Shivshankar Kumar Shah   16 December, 2019  

Dear Shivshankar Kumar Shah, May I know your UID number? We will check all information which you are talking about. Best regards, representative of LiteForex

LiteForex   30 January, 2020

I'm confused by the reviews. Any reply from the liteforex about the withdraw problems?

Ismael   3 November, 2019  

Got bonus from liteforex. Trading is stable without requotes and delays in chart. Bonus usabel for trading but not for withdrawal. All profit from bonus available for withdrawal. I am using mt4 terminal for trading.

Edward   1 August, 2019  

I was using social trading platform from liteforex. Good way to earn without trading skill. I do not understand why I see negative reviews here. I used big sum of money for my copy trade and all my withdrawal requests was completed during several days. At this moment I am still using their services.

Jan   21 June, 2019  

All the positive reviews about Lite Forex are abstract, only describing the allegedly positive characteristics of the company, no specifics, or specific person who received information about the features of the work of this system. All assurances of trouble-free withdrawal, too, do not carry any specifics - these are paid feedback from regular PR managers! And so many people were brazenly robbed! Newcomers who are looking for information about this company Lite Forex - I warn you right away - their work and earnings are your money taken away from you by fraud. And all this is a big fraud with bidding - no bidding, then you will simply be scammed. You will lose a lot of nerves besides your money while you try to get them back. Deceived and thrown customers go one after another! And positive abstract reviews are another trap for new ones to attract new money!

Marcus   4 June, 2019  

Dear Marcus, Please stop to publish libel and false information about our company. Best regards, representative of LiteForex

LiteForex representative   20 June, 2019

Yess. it is true. liteforex is no good broker. They finance department is *** bad to withdrawls. And support is not reply. Bonus is not really withdrawl. They are bad broker. I warn new user too. This is bad broker.

Yess   14 August, 2019

This is an update to my previous review about liteforex, Its over 76 Days now and what they keep saying about my withdrawal status is that they have sent it, have provided them with my banks statement on 2 occasions, they will only reply that they forwarded it to the financial department. be wise look for a better Broker unless you want to trade your funds like demo and not withdraw

Joshua   16 May, 2019  

Hello, If you have any documents or written correspondence proving that you had business with such a comapny, I can direct you to a comapny Protecting Investors being scammed or not educated enought to trade on the Financial Markets. They seem decent to me and are making at least some progress with my case.

Anthony G.   20 May, 2019

Lite Forex (Worst Forex Broker). Dear all, Please be informed that I have an Islamic account (Swap free) and commissionable in lite forex since 29 Jan 2019. I have a total deposited to my account USD 750 and I made the profit and the first week of April my balance is USD 1238.58. On 8th April when I requested to withdraw the full amount of my money, they deducted USD 517.23 as swap charge but my account was swap free. They did not charge swap amount when I closed my trade but they did charge USD 517.23 after withdrawal. Even they did not inform me that they will charge swap after withdrawal and I lost USD 517.23. So please stay away from lite forex to save your money.

Md Mojaharul   10 April, 2019  

Dear Md Mojaharul, May I know your account number? We will check all information which you are talking about. Best regards, representative of LiteForex Investments Limited

LiteForex representative   10 April, 2019

My Lite Forex Account Number: MT4-ECN-589894

Md Mojaharul   16 April, 2019

Liteforex is a big scam please stay away from them they don't pay withdrawal I have a withdrawal pending from them for over a month today, from the history it was marked complete but they didn't actually send the money to me. Contacted them with both my bank statement still no sign of payment yet.pls stay away from liteforex broker

Joshua   1 April, 2019  

Dear Joshua, May I know your account number? We will check all information which you are talking about. Best regards, representative of LiteForex Investments Limited

LiteForex representative   9 April, 2019

Lite Forex does not pay withdrawal on time and they will ask you to wait after 1 month if you have intentions to just trade and not to withdraw then you can trust lite forex with your money otherwise a word is enough for the wise

Joshua   22 March, 2019  

Till date they are not paying. I think liteforex is a big scam. Stay away

Joshua   1 April, 2019
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