ForexBrokersAZ.com

LiteForex Review

LiteForex (LiteForex.com) is an international broker with a comprehensive product offering for beginners and experienced traders.

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Trade 55 currency cross pairs as well as CFDs on precious metals, oil and world stock indices with LiteForex:

  • Cent and Classic accounts: get instant execution and fixed spreads with a Cent or a Classic account. These accounts provide greater certainty of pricing, which may appeal if you are new to Forex. Trade from 3 pips with a Cent account and 2 pips with a Classic account. A Cent account has the lowest initial deposit, trade sizes one hundredth that of traditional accounts. This will limit your risk exposure as well as your earning potential.
  • ECN account: access the interbank market with a LiteForex ECN account and trade on floating spreads from 0.9 pips. Get pricing up to the 5th decimal and depth of market information from 4 liquidity providers. This account will work for you if you are interested in scalping or news trading. In addition, you can earn 7.5% interest on your balance.

All accounts also come with full access to the Claws & Horns forex news and analytical service. Get access to Forex signals, an economic calendar, news and tools from your LiteForex account.

All accounts are available in Islamic format upon request. LiteForex will never charge swap fees on these accounts' overnight balances.

Platforms

LiteForex (LiteForex.com) supports MT4 and MT5 with its Cent and Classic accounts. However, its ECN account is only available through MT4. Although MetaTrader 4 is designed for Windows, you can also run it on Mac OS devices through Wine, an emulator.

Awards

Since coming to market in 2005, LiteForex has won several awards and a mention in the "Top 100" companies compiled by the World Finance magazine.

  • Best Forex Broker, Africa 2011 from World Finance
  • Best Client Service 2011 at the International Investment & Finance Exposition
  • Most reliable broker in Asia 2010 at the ShowFX World exhibition
  • Best Forex Broker in Nigeria 2010, by the Online Forex Traders Association of Nigeria.

Customer service

LiteForex's clients get 24h technical support 5 days a week both online and over the phone. Support is available in Arabic, Brazilian, English, Indonesian, Malay, Spanish and Pakistani. The company also has representatives in 12 countries. Visit LiteForex.com to find out more.


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Overview

  • Asset classes
  • 55# Currency pairs
  • Forex
  • Gold and Metals
  • Oil and Energy
  • Commodities
  • Stocks
  • Indices
  • Bonds
  • Securities
  • Forex CFDs
  • Forex Futures
  • Forex Options
  • Demo account
  • Has a demo?
  • 5000000Demo size
  • UnlimitedTime limit

Trading platforms

  • Trading platforms
  • MetaTrader 4
  • MetaTrader 5
  • cTrader
  • Currenex
  • ZuluTrade
  • Copy trading
  • Mirror trading
  • Web or PC
  • Software download
  • No download
  • Mac friendly
  • Apps
  • Android
  • iPad
  • iPhone

Funding Methods

  • Deposits & Withdrawals
  • Bank transfer
  • Credit card
  • Debit card
  • Alipay
  • Bitcoin
  • Boleto
  • CashU
  • China UnionPay
  • DixiPay
  • FasaPay
  • FilsPay
  • MoneyGram
  • MTS
  • NetBanx
  • NETELLER
  • OKPAY
  • PayCo
  • Payeer
  • PayPal
  • paysafecard
  • Paysbuy
  • Payza
  • Paxum
  • Perfect Money
  • Przelewy24
  • Qiwi Wallet
  • Skrill
  • SorexPay
  • Ukash
  • WebMoney
  • Western Union
  • Worldpay
  • Yandex Money

Company

  • Company information
  • LiteForex Investments LimitedLegal name
  • Marshall IslandsHeadquarters
  • 2005Incorporation
  • Regulators
  • Segregated accounts

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Trading foreign exchange, contracts for differences or spread bets on margin carries a high level of risk and may not be suitable for all investors. You could sustain a loss of some or all of your funds if the markets move against you. For this reason, you should not invest more than you could afford to lose. ForexBrokersAZ.com does not accept deposits, advise on investments, deal in investments (as agent or principal) or arrange deals in investments. Information published on this website and in our external communications is factual and for information purposes only. It does not constitute financial advice under the Financial Services and Markets Act 2000. ForexBrokersAZ.com is owned by Hades Capital Limited, a company registered in England under number 08176698.