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LiteForex Review & Opinions: Is it Reliable and Safe in 2023?

3.7 / 5

LiteForex broker is a large international company operating in the financial market since 2005. A distinctive feature of the company is its focus on working with the widest possible range of clients. LiteForex enabled cent account trading right after its launch. You could start trading with 1 dollar. Let’s explore how good this broker’s conditions are at the moment, in 2020. We’ll also give an answer to the question of whether you can trust LiteForex with your money.

General Information

LiteForex sees its main goal in creating the most convenient and diverse trading conditions in the forex market as well as in other markets. Thanks to the high quality of services and constant improvement of the platform, LiteForex managed to get into the TOP-100 best brokers of the world according to the authoritative publication, “World Finance”.

At the moment, a huge list of financial instruments for professional trading is available for the clients of the broker. There are seven categories of assets alone.

The interface of the broker’s official website is presented in 15 most popular languages. The same applies to the platform. Literally everyone is able to get acquainted with it in no time.

Advantages and Disadvantages

15 years in the market: the broker began to provide its services in 2005 and quickly gained a reputation of a reliable platform.

Social trading platform: built into the trader’s ecosystem, a unique social network for traders that allows you to easily and quickly copy trades of the most successful traders.

High-speed automatic withdrawal of small amounts of funds: systems of the broker quickly process requests for withdrawal of amounts up to $100 without human intervention, which significantly improves the comfort of beginner traders and of those who are used to gradual withdrawing of profits in small amounts.

Implementation of unique ECN-technologies: the electronic communication network of the broker allows transactions to be carried out directly, without unnecessary interference from the broker, as well as allowing one to be confident in their fast execution.

Multilevel affiliate program: one can earn by distributing an affiliate link as well as by concluding a full-fledged affiliate agreement.

Simple registration: it takes no more than 3-5 minutes and does not require complex verification procedures.

Fast and accessible support service: qualified specialists will help a trader 5 out of 7 days a week, 24 hours a day via the chat widget in the lower right corner of the site.

Personal manager: this service is available to all clients of the broker regardless of the account size.

Сommission reimbursement: the broker reimburses its clients any commissions that are taken by the payment system upon making a deposit.

Support service: sometimes you come across not the most pleasant, even rude online assistants.

Withdrawals: automatic withdrawals sometimes work with delays.

Trading Conditions

LiteForex offers a floating spread regardless of the specific trading account as well as fairly high leverage of 1: 500, a minimum lot of 0.01 and five base currencies of the account, including the euro and the U.S. dollar. Clients are offered MT4 and MT5 platforms to trade in, as well as a convenient web platform. One needs a minimum deposit of $50 to get started.

Underlying Assets

The following asset categories are available for trading with LiteForex:

  • Сurrencies: most popular fiat pairs and cross-rates;
  • Metals: gold, silver and other metals;
  • Crude Oil: popular grades of oil Brent and WTI;
  • Stock Indices: the list includes American, European and other global options;
  • CFD NYSE: CFDs of the world’s largest and most famous corporations;
  • CFD NASDAQ: contracts for difference of large world companies;
  • Cryptocurrencies: You can trade cryptocurrencies such as Bitcoin, Bitcoin Cash, Dashcoin, Ethereum, Ethereum Classic, Litecoin, Monero, Ripple and ZCash.

Trading Platform

Due to the fact that LiteForex aims to create the most convenient conditions for all clients, the company made sure to provide the most diverse trading options. Its clients may use the time-tested MT4 platform, the popular MT5 platform, a convenient and accessible web platform on the broker’s official website, or a mobile version of it for IOS and Android.

MT4 – a platform that has long established itself as an excellent tool for trading in the financial markets. It is suited best for currency pairs and CFD trading. The main feature of the MT4 platform is its versatility – it combines hundreds of different functions within one program. You can use 9 timeframes and 30 indicators originally present (you can download more) in MT4. It is also possible to connect additional automated robots and advisors.

MT5 – the successor to the previous platform. The software is distinguished by the presence of a built-in store of robots, a copy trading option and many other features. There are over 80 built-in indicators in MT5.

You may explore the web platform by clicking on the “Register” button in the upper right corner of the site. There is also a “Demo mode” there. This platform is somewhat simpler and more concise, but it is always available in your web browser.

The broker’s mobile application is adapted for devices with a smaller diagonal but is not inferior to the web version in terms of functionality and usability.

Mobile Trading

LiteForex mobile trading apps are free of charge and are available in app stores for Android and IOS-based systems. By downloading them, a client gets the opportunity to trade anywhere and anytime, receives free professional analytics, trading signals and strategies to a mobile phone.

Each of the applications has 8 language versions and covers the widest possible audience. LiteForex recommends using them as an effective additional tool that allows you not to “drop out” from the market under any conditions.

Demo Account

There is a demo account trading opportunity for all beginners (and professionals). You can hone your skills and study trading features provided by the broker using the complete set of trading instruments. Demo account trading works on the basis of real market data which makes it possible to test various trading strategies including scalping. At the same time, the money on the demo account is not real, so there is no risk. A demo account at LiteForex has no time limits – you can use it for years!

To switch to a demo account, you need to click on your login in the upper right part of the screen. There you will see a button “Activate demo trading”.

Account Types

There are only two types of trading accounts available on the LiteForex website:

ECN – an option that is perfect for experienced traders. You can use social trading (copy trading). An additional feature will be an increased interest rate on the balance of funds that is left on your account (it works just like a bank deposit). Access to high liquidity with low spreads will be a nice bonus. The ECN technology, on the basis of which this account works, will guarantee the fastest execution of your orders. The minimum deposit is $50.

Classic – an account type for all beginners and inexperienced traders. There will be a spread of 1.8 pips and more, leverage of 1:500 and no $5 commission per lot, as in the previous option. On the other hand, this trading account does not have an interest rate on the funds that are left in the account. All other conditions are identical to those of an ECN account.

Opening an Account

Opening an account on the LiteForex broker’s website is quite simple. To do this, click on the “Registration” button in the upper right corner of any page of the site, fill in your country, email and password, click on “Register” and enter the code from the letter that will come to your email. You can deposit and start trading in the platform immediately after that.

Funds Withdrawal

Deposits

You can deposit funds via:

  • Bank card: deposit $10 and more without commission.
  • Perfect Money: deposit 10 U.S. dollars/euro and more without commission.
  • Skrill: deposit $10 and more without commission.
  • WebMoney: deposit 10 U.S. dollars/euro and more without commission.

 

Withdrawals

You can withdraw funds in the same ways, but with some additional conditions:

  • Bank card: withdrawal is available from $15. The commission will be 3% + $1 (or more – it depends on the bank card system).
  • PerfectMoney: withdrawal is available from $1, the commission will be 0.5%.
  • Skrill: withdrawals are available from $ 1, the commission will be 1%.
  • WebMoney: withdrawals are available from $ 1, the commission will be 2.5%.

 

You need to go to the “Finance” section located on the left side of the screen inside the web platform where the client gets after authorization.

Trader Training

A huge section “For Beginners” is available on the LiteForex website where you can:

  • Sign up for individual lessons on the basics of trading.
  • Become a member of regular webinars with professional traders.
  • Learn a glossary with the basic terms of trading in the financial markets.
  • Read summaries of the most famous and useful books on Forex.
  • Study a unique Forex trading tutorial.
  • Explore popular trading strategies.
  • Learn how to use the most effective indicators.

Trading Strategies

Convenient trading conditions, as well as a huge list of trading assets, allow you to work with dozens of strategies. The most profitable and effective of them can always be studied in the “Trading Strategies” section (located in the “Beginners” tab). These include such strategies as “Wild River”, “Nomad”, “Calm Position” and many others, described in a special section, as well as those that are studied at webinars.

Should I Trade with LiteForex?

Taking into account the convenience of the platform, its good reputation, as well as convenient and diverse trading conditions, we can safely recommend trading with LiteForex. So far, traders are mostly satisfied with this broker. LiteForex leaves almost none disappointed.

Reviews on LiteForex

Comments about LiteForex
( 11 )
User rating: 4.4 / 5

Comments: 11

  1. avatar
    Kasim
    03/03/2021

    I am a trader with many years of experience. This broker is the third I work with. And most of all profitable trades I made trading with this broker. Trade execution is always excellent. I did not experience any inconvenience while trading. I would like to separately note the withdrawal of funds, everything happens within the client’s agreement .

    5/5

    • avatar
      JASMINE TOM
      15/06/2023

      BITCOIN RECOVERY IS REAL!!!

      ( MorrisGray830 At gmail Dot Com, is the man for the job )
      This man is dedicated to his work and you can trust him more than yourself. I contacted him a year and a half Ago and he didn’t succeed. when i got ripped of $491,000 worth of bitcoins by scammers, I tried several recovery programs with no success too. I kept on. And now after so much time Mr Morris Gray contacted me with a success, and the reward he took was small because obviously he is doing this because he wants to help idiots like me who fell for crypto scam, and love his job. Of course he could have taken all the coins and not tell me , I was not syncing this wallet for a year, but he didn’t.
      He is the MAN guys , He is! If you have been a victim of crypto scam before you can trust Morris Gray 10000000%. I thought there were no such good genuine guys anymore on earth, but Mr Morris Gray brought my trust to humanity again. GOD bless you sir…you can reach him via ( MORRIS GRAY 830 at Gmaill dot com ) or Whatsapp +1 (607)698-0239..

      5/5

  2. avatar
    Mohammad
    23/03/2021

    I am trading with LiteForex for more than 6 months, I do love the system, it is easy to use, the speed of execution is good. I didn’t meet any problems with profit withdrawal during my trading there. Support is quite slow sometimes but always helped me. I can recommend this broker.

    5/5

  3. avatar
    nadeem Sohail
    24/02/2023

    I was faster than them I notice there is a catch to thief plan after making me depot almost all I have but am glad reaching Hoskey April a revert expert with his assistance I was able to recover my lost of Funds I will not be self centered not to share his contact if you can reach Hoskey via mail. Hoskeyteam@ proton .me 

    4/5

  4. avatar
    koven
    13/03/2023

    I highly recommend this fair recovery services of Gavin ray, did a fantastic job by recovering my life savings which got stolen investing on binary option with an unregulated broker. I had a stressful situations going on and he was so patient with me and did help me through this. I must commend him for recovering my money from the unregulated platform . reachout to him via: gavinray78 @ gmail com , if you find yourself in this situation.

    5/5

  5. avatar
    Linda Lee
    14/04/2023

    ‘’I need back my money’’.. ‘’ I need my family back’’ that was the only thoughts I had for months and thanks to Albert Gonzalez Wizard , I got back my family and my money .. I was depressed for months as my husband and 5year old left me to go live with his mum cos I used all our savings to invest in crypto investment company, took a loan and sold my car too in a bid to pay the withdrawal fees I was desperate very desperate and I nearly lost everything but thanks to Albert Gonzalez Wizard , he recovered my £861k from those heartless scammers .. it’s a long story but at the end I was happy , I am forever grateful to him.. This has made me to cross paths with him through a review on here and am writing this review here in hope that it will help someone out there , if you’ve been in a similar situation please reach out to Albert Gonzalez Wizard, he is a very competent and reliable hacker . The contact details are as follow , email: [email protected] whatsapp +31685248506 AND Telegram:  +31685248506

    5/5

  6. avatar
    JASMINE TOM
    15/06/2023

    BITCOIN RECOVERY IS REAL!!!

    ( MorrisGray830 At gmail Dot Com, is the man for the job )
    This man is dedicated to his work and you can trust him more than yourself. I contacted him a year and a half Ago and he didn’t succeed. when i got ripped of $491,000 worth of bitcoins by scammers, I tried several recovery programs with no success too. I kept on. And now after so much time Mr Morris Gray contacted me with a success, and the reward he took was small because obviously he is doing this because he wants to help idiots like me who fell for crypto scam, and love his job. Of course he could have taken all the coins and not tell me , I was not syncing this wallet for a year, but he didn’t.
    He is the MAN guys , He is! If you have been a victim of crypto scam before you can trust Morris Gray 10000000%. I thought there were no such good genuine guys anymore on earth, but Mr Morris Gray brought my trust to humanity again. GOD bless you sir…you can reach him via ( MORRIS GRAY 830 at Gmaill dot com ) or Whatsapp +1 (607)698-0239..

    5/5

  7. avatar
    tony luis
    06/08/2023

    This broker is a scam if only I had read about them before going into trade with them. 😡 they keep telling me to deposit more of my funds.. After I read about them and concluded and decided to reach out to Mrs. HARPER after I read so many reviews on how She has helped a lot of victims. Well, I am glad Mrs. HARPER was able to help me recover my money. You can get in touch with HER on their company mail
    Email: ( harperjamesplatform @ gmail . com )

    1/5

  8. avatar
    John Goodman
    15/09/2023

    I was in total dismay when I lost my entire savings investing in cryptocurrency, I was contacted online by a lady through email pretending to be an account manager of a bank, who told me I could make double my savings through cryptocurrency investment, I never imagined it would be a scam and I was going to lose everything. It went on for weeks until I realized that I have been scammed. All hope was lost, I was devastated and broke, fortunately for me, I came across an article on my local bulletin about Elite Wizard Bitcoin Recovery, I contacted them and provided all the information regarding my case, I was amazed at how quickly they recovered my cryptocurrency funds and was able to trace down those scammers. I’m truly grateful for their service and I recommend them to everyone who needs to recover their funds urge you to contact them if you have lost your bitcoin USDT or ETH through bitcoin investment

    Email: [email protected]

    WhatsApp +1 (740) 688-0116

    Call: +1 (805) -386-9670

    5/5

  9. avatar
    adams Uk
    16/09/2023

    TriumphFX,
    got me so disappointed as i tried to get help,
    Damn This people took so much from me, i was referred to Hoskey Team by a frnd via hoskeyteam @proton .me or Watsapp +44..7 9 4 9 4 0 3 1 3 2
    are Expert Wizard in technology and i was able to Recover all invested Funds including my profit in Total, My advice is we all stay aware from Negative comments , Stay Caution You all.

    3/5

  10. avatar
    tonyluis309
    28/09/2023

    I was scammed a huge sum of money and decided to contact a recovery company via their email address: harperjamesplatform @ gmail com
    they help me recover all my lost funds and profits. They are very honest and reliable with great support to answer your questions 24/7 service. They have good reviews online and they are the best …if you need help with funds recovery you can always get in touch by mail and they can direct you to their recovery website. Everything about them is legit, their English is good ,I highly recommend them due to my experience and have finally got my $82,350 back. I’m so happy.

    1/5

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