LiteForex Review

LiteForex
Bonus up to 200%
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Overview

LiteForex appears to be a large international company, successfully operating on the market since 2005.

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Details

BrokerLiteForex
Website URLliteforex.com
Founded2005
Headquarters124 Gladstonos Street, The Hawk Building, 4th Floor, Limassol, Cyprus
Support Number8-800-707-29-63
Support TypesCallback, phone, forum, chat, skype, email
Minimum 1st Deposit10$
Minimum Trade Amount1$
BonusBonus up to 200%
Leverage1:500-1:1
Spreadfrom 0,1 point + commision for 1 lot 5$
Free Demo Account Open Demo
Regulated Yes
RegulationCySec (093/08)
Account TypesDemo, CENT, CLASSIC, ECN
Deposit MethodsBank transfers, credit cards VISA, MasterCard, QIWI, OKPAY, Skrill, Webmoney, Neteller, CashU, Yandex.Money, EasyPay, Perfect Money, JCB cards, Bitcoin, CardPay, etc.
Withdrawal MethodsBank transfers, credit cards VISA, MasterCard, QIWI, OKPAY, Skrill, Webmoney, Neteller, CashU, Yandex.Money, EasyPay, Perfect Money, JCB cards, Bitcoin, CardPay, etc.
Number of Assets145
Types of AssetsForex, currency, metals, oil, indices, futures, CFD, crypto currency (Bitcoin, Bitcoin Cash, Dashcoin, Ethereum, Ethereum Classic, LiteCoin, Monero, Ripple, ZCash)
Account CurrencyUSD, EUR, CHF, RUB, GBP, PLN
US Traders Allowed No
Mobile Trading Yes
Overall Score5/10

Full Review


LiteForex is a large international company. It has been successfully operating on the market since 2005. The broker was one of the first who offered its users a unique service of cent trading accounts with a deposit of just $1. This step made Forex available to ordinary people with any budget. Providing an exclusive trading environment, the broker greatly influenced the history of the market. Today the broker is steadily working with traders around the world, offering favorable terms of trade.

Certainly, you’d like to know whether LiteForex is a scam or it’s worthy company you can fully trust. We’ll answer this question here below.

For 10 years of its existence, LiteForex was able to quickly gain a reputation as a reliable broker. Traders around the world choose this company as it’s not going to stand still. Despite its success, it’s constantly developing, regularly introducing new services, opening its representative offices around the world. One of the most intriguing secrets of its success is that the company’s constantly working on expanding the opportunities of its clients in the foreign exchange market.

The company’s reputation is confirmed by a huge number of clients around the world (about half a million), as well as many prestigious awards (for example, the recognition of the broker as the best in Asia, Africa and Latin America and the fastest growing Forex broker in Asia and Western Europe, the authoritative English edition of World Magazine included the company in the list «World Finance 100»). The company has offices in more than 15 countries throughout the world and the number of its partners representing the broker in up to 216 countries keeps soaring that guarantees the possibility for traders to receive a high level of service in their native language anywhere in the world.

When talking about indisputable advantages of the broker, many traders point to its user-friendliness, innovations, a variety of services, low spreads and fast execution of orders. Traders can access a large list of financial instruments: currency pairs, crypto assets, precious metals, futures, CFDs, indices, oil. The company’s clients can use a stable trading terminal MetaTrader 4 as well as its updated version MetaTrader 5. Besides this, traders can use a convenient web version this terminal – WebTerminal. Another available platform is SocialTrading. That’s a social network of traders with a possibility to use four ways to copy transactions. Being in touch with traders from various countries, you can use the valuable experience of this community to achieve your ambitious goals.

Traders can work with convenient mobile Forex trading applications of the broker’s own development. Having installed such an application, the trader can count on 24-hour free analytics and trading signals. VIP Club customers can use a profitable service Pips Back, enabling them to receive additional bonuses in the form of a refund of the spread from each trade transaction. The official site of the broker contains a huge amount of information: daily relevant analytical articles, newsletters, materials from the independent Claws & Horns portal, articles, video reviews, trade signals, expert opinions of specialists in all popular languages.

 

Replenishment and withdrawal of funds

LiteForex offers its user a variety of ways to deposit and withdraw funds. Thanks to the system of instant automatic internal transfers between trading accounts, cash flows are conveniently allocated. To replenish your trading account you need to go through a quick registration procedure with the broker, deposit the desired amount, choosing a convenient way of transferring funds (the minimum deposit is $10). To deposit funds you can utilize modern payment systems – from conventional bank cards to electronic payment systems:

  • Credit cards,
  • Bank transfers,
  • Electronic payment systems: QIWI, OKPAY, Skrill, Webmoney, Neteller, CashU, Yandex.Money, EasyPay, Perfect Money, JCB cards, Payonline, EgoPay, Alfa-Click, TeleMoney, Bitcoin, CardPay, etc.

All requests for withdrawal are handled by the broker for no more than 4 working hours. If you’re going to withdraw no more than $100, your request will be processed automatically. It undoubtedly speeds up the withdrawal procedure and ensures instant receipt of funds. The broker doesn’t charge commissions for replenishment and withdrawal of funds. Moreover, the company reimburses the commission paid by the user to the payment system when replenishing the account.

 

Complaints about LiteForex

The Internet offers a lot of different reviews about the broker, but the positive ones definitely dominate, and in many respects it proves the correctly chosen niche of development as well as reputation of the company. Most traders recommend trading with LiteForex, noting such advantages as the stable operation of the terminal (without freezes), favorable trading conditions, fast withdrawal of funds, low spreads, the availability of contests and bonuses, excellent market forecasts, high quality webinars, serious analytical materials on the site, professional assistance of competent experts of the technical support, convenience of work for scalpers and beginners.

Negative moments are very few. Sometimes traders mention rudeness of consultants, rare problems with the auto-withdrawal of funds and failures of the trading terminal. In general, LiteForex is quite successful in the foreign exchange market, so we can suggest it has the most serious intentions. Innovative services, a high quality terminal, a lot of competitions, professional analysts – all of this makes trading on the platform stable and efficient.

If we find complaints about LiteForex, we will post it on social media. Follow us to be well informed:

 

Is LiteForex a scam?

Today LiteForex is one of the most successful and dynamically developing companies. The broker has been working all over the world for over 10 years, providing qualitative services and profitable trading conditions. In many respects, the company’s success is confirmed by a large number of positive responses (many traders really recommend LiteForex). Certainly, it helps to increase the overall level of confidence in the company.

Another positive factor is the provision of cutting-edge trading terminals Metatrader 4 and Metatrader 5, a mobile application of its own design as well as unique functions and capabilities, which make trading on the platform much more productive. The very willingness to invest money and time in the further development of services and solutions clearly indicates that the company has serious plans to grasp leadership positions.

Besides this, traders appreciate the broker’s highly informative website. It contains materials about the company, trading options, terminals, bonuses, analytics as well as training information. In many respects it demonstrates a thoughtful policy of working with the users, which is not typical to scams. LiteForex turns out to be a licensed broker and it has a positive effect on the attitude towards it from traders. Verification is required to trade on the platform, and it also shows the whole seriousness of the company’s intentions.

Should we label this company as a scam? We would answer unequivocally – no! More than 10 years of successful work with traders around the world, favorable terms of trade, recommendations from grateful users prove our point of view. If you don’t want to have any problems with the broker, work with your personal manager in the proper way. You need to specify all the necessary information about the rules for using bonuses and the procedure for withdrawing funds.

 

Regulation of the broker

LiteForex is registered in the Marshall Islands, so it’s subject the legislation of this country (Marshall Islands Business Corporation Act, license number 63888). Additionally, the company has a license CySEC (093/08), MiFID, which guarantees the reliability and security of trading. All the clients’ funds are insured in the Compensation Fund of Investors.

Check the license of LiteForex on the CySEC website

 

Bonuses from LiteForex

Each trader of the company can receive 2 types of bonuses:

1) The welcome 30% bonus

Traders can count on the welcome bonus for deposit replenishment over $100 within 24 hours after account opening. In order to activate the bonus, you should enter the promotional code in the special field when you replenish your trading account. We recommend you to specify the terms and conditions of the bonus with the personal manager.

2) The 200% go bonus

For every deposit over $100 a trader can obtain a bonus of 200%. You can have this bonus withdrawn as soon as the conditions of the bonus promotion are fulfilled. We recommend you to specify the terms and conditions of the bonus with the personal manager.

 

Conclusion

The Forex-broker LiteForex has been successfully providing its services to traders around the world for more than 10 years. Offering high quality services and innovative capabilities, the company is gaining trust from its users. It doesn’t stand still, it’s constantly developing. The company receives prestigious awards, extends the number of reviews and increases the number of financial tools. It’s one of the most dynamic Forex brokers on the market. The presence of regulation, a highly informative official website, a large number of positive reviews about it – all of this gives a solid reason to trust this broker.

It’s worth noting that LiteForex has been ensuring stability and reliability of Forex trading (truth about Forex) for many years. That’s why today we aren’t going to label it as a scam. The traders’ responses we are waiting for this article will change the rating of the broker and also warn market players against possible problems.

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