LiteForex Review and Information 2023

	LiteForex
Voting Rating	LiteForex does not participate in the Forex Rating Submit Forex Broker
Reviews Rating
Regulation	Marshall Islands Business Corporation Act
Trading software	MetaTrader4, MetaTrader5, 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 2023

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
Sponsorship contests, competitions
1st deposit bonus
Trading by phone
Mobile trading
Automated trading
Daily analysis
Demo account
Swaps
24/5 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
Maximum Leverage	1000
STP, $
ECN, $	400
Standard account, $	100
Mini 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, MetaTrader5, Sirix
Broker type	ECN
Regulation	RMI BCA
Foundation	2005
Copy Trading Brokers

LiteForex Reviews and Comments

The ID that I submitted were always rejected. So I message Live Chat and he told me to send him my ID, Next he says it couldn't be process since I have two accounts and advise me to send them an email and mention them my personal information to merge the account. I did. Then they said I need to use another ID do I send my UMID id and live chat didn't respond so I left a message saying "Is this still not enough", I give up then, Thank you. Next I would know was my account if fully verifed. Planning to fund my account but after reading these comments I changed my mind.
Shoraine 2 Aug 2022 Reply

I deposited money into the liteforex pro on the proviso it was an automated service. Next I am being called by a stock broker who is saying that he wants to make it my business and that it was not automated. I decided to take my money out then, and only on contacting the bank for a swift code for the terms and conditions to say that you have to have your name on the withdrawal otherwise they will not pay you the amount. To get a swift code from my bank they have only given their details and when they get the money back will deliver it into my account. This seems like a real scam. They also said that on reviewing the withdrawal request, that I had to print out the details and sign with the print review button which is totally not even present on the webpage, so that looks fishy too. Is that another way they can keep your money and say that you didn't do the right process. I had better get my withdrawal back, or this will not be the last time you hear from me!
Kushla Caelli 1 Aug 2022 Reply

A big scam broker and need to be avoided at all costs. this broker have ecn accounts, but their ecn is not real their chart is differnet from traiding view. lots of manipulations and big slipages. on 23/06/2022 I opened a trade by this ticket #5060624970. I was short on nzd/jpy at price rate 84.725. at 22:00 +4:30GMT they close my trade at 86.487. the rate that is 200 pip higher from the real chart. I contacted them and they told me they will check it out. and after two days they didnt answer and I contact them again and they told me its because of volatility. my trade account is MT5-ECN-5562136
roya eghbali 5 Jul 2022 Reply

How can global broker shut down its services for about 10 days now? No matter how big the problem, it should have been resolved by now considering the stakes of people involved . Something is fishy. I hope all gets fine soon.
Ankur 10 Jan 2022 Reply

VIP Partners rewards - The luxury you deserve

The VIP Partners Rewards Contest allows Partners to enter the contest and win the returns they deserve for being a valued HotForex Partner. Few fresh deposits and some enthusiastic clients, eager to trade, can lead to fantastic luxurious prizes. If you enter the contest, all you need to do is wait for existing or some new clients to deposit and trade, and not only will you get the usual COMMISSIONS, but you will also secure some great REWARDS too!

LiteForex is a scam, please be careful. Also had no access to my account for days, eventually when I did my account was blown.
Vee Lawrence 9 Jan 2022 Reply

Very bad broker. Their servers froze for 3-4 days. They told me that they would close orders in my favor, so I waited and waited. I couldn't do anything for a week and see my profits turned into loss. And the result: they told me they couldn't compensate my loss profit, only the loss incurred. And they still charged overnight fees for those orders that should have brought me a lot of profit. I'm very angry and frustrated with Lite Forex. This is not a trustworthy broker that you should give your money on. Very bad service. Do not give them your money.
Bien Pham 8 Jan 2022 Reply

This people are heartless. Liteforex is never a good broker. Avoid it before it will be late.
Victor 7 Jan 2022 Reply

Litefinance website and MT4 services are not accessible since 18 hours now. Anyone knows what's happening?
Pankaj Gupta 5 Jan 2022 Reply

Worst broker of all time, they are scammers . Very easy to deposit but to withdraw will take centuries. I regret the day I heard about you liteforex.
Anjola 7 Aug 2021 Reply

Worst broker in the whole world literally would have a different candle close from other brokers and would exaggerate candle moves just to take yours stops, if you think I'm lying just compare with other brokers. I discovered late, This broker is the worst for real, I feel so sad cause I've been cheated and take me out of trades I would have been profitable with. I honestly plead with you, don't register with this broker.
Anjola 7 Aug 2021 Reply

What happened to you liteforex? I can't log in either app or web. Take forever to log in.
odiin ynwa 21 May 2021 Reply

I would just like to inform anyone who's planning to join their demo contest. I am telling you as early as now that It would be a waste of your precious time. I joined their April month contest (which is last month) and I manage to win the 1st place with supposedly I am to receive a $4000 bonus that I can use for trading. When I did try to claim the my prize, these people from the liteforex trading department said that I violated one of the trading conditions of their contest which is "Use of quotes flow failures to make guaranteed profits". I calmly responded and asked them to explain what do they mean of this rule and how one can be deemed violating this rule and of course I asked them for proof because as I understand is that this violation has something to do obviously with my trades. They got back to me and to only send me a screenshot of my trades showing my profitable trades using the M1 Timeframe where most of my profitable trades where made through a slippage. So, I said, okay. I questioned their proof because technically no one would know if a slippage is about to happen or not, right? I also told them that I never used M1 TF for my scalping strat and this person responding to me via email from their trading department told me, how come you've made about 20 trades in a day? I mean, you could scalp on any timeframe if you want to and not only on M1. Right? It made me think if these people really know a lot about trading? How could a representative from a brokerage firm has too little knowledge about trading? How? Anyway, I kept questioning them for this unethical move towards winning their demo contest. I even told them that this happened to a demo contest only, what more if I was already trading a real account. They even accused me of using a lagging EA which they said the reason I was able to determine almost every slippage. This is where these people really proved how stupid they are as you can see every trade on a traders' history whether one used a EA or not. I even made a bet to them that I will do a live trading just to prove them wrong but they never responded back any longer until this day. For this, I would strongly advise for people not to trade with LiteForex any longer. If they can find a reason not to grant someone the prize bonus (real money that can be used for trading), what more in a real account? I would also remind you, with that experience where they also showed a lot of slippage could happen, i would rather go for a different broker instead.
Lime Fisherman 19 May 2021 Reply

I have just registered for a demo account and planning to deposit to start trading. But with all these negative reviews, I'm scared to get through with my plan. Thanks, guys. You've saved me from this scammer
Angelita 1 May 2021 Reply

There are so many well regulated brokers out there. Winning forex is enough problem, why give yourself an extra mentally burden, by trading with an offshore broker?
Segun 7 May 2021

They let you deposit money but you can't use it on MT4 as they want you to upload your ATM cards, (debit card or credit carf) back to back, is this even legal at all? My money was stuck, all documents submitteed apart from bank card, and yet you can't trade as it disabled in MT4.
Balitok 23 Feb 2021 Reply

A Deal Worth Taking - 50% Bonus on Your First Deposit!

When opening a trading account, traders often look at various brokers and their offers and may get confused. Well, our offer is as simple as it is great – Get a 50% Bonus on your first deposit starting $1k and up to a staggering $5k. See? Simple!

I initiated a withdrawal. but upto now I've not seen my money. What's going on?
Benjamin Kayemba 17 Feb 2021 Reply

All LiteForex Reviews

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