Contents
The overall commission is charged at an average of $5 per lot. LiteForex’s spreads are quite competitive, but some major forex pairs get a spread of 2 pips, which is considerably high. They took my £85,000 proffering false advice and aggresive tactics to get you to invest where you will lose money. Your losses are their gains .I am embarrassed to admit this being a businessman that cannot be easily fooled. Also have a system of bonuses which locks in capital until 40 x bonus value achieved in profits. DO NOT INVEST WITH THIS COMPANY. I was lucky to found help while searching on the reviews on google, with an expert on Binary,forex and bitcoin trade funds recovery.
The search function is good and makes it easy to quickly pull up different trading instruments. One drawback is that the layout of the platform is not highly customizable. LiteForex has helpful research and educational materials and an intuitive platform, making it a suitable broker for new traders. Spreads in the Classic Account are relatively wide, which may be offputting for active or advanced traders, but more competitive spreads are available via the ECN account. Experienced traders can benefit from the MetaTrader platform, and its algorithmic trading capabilities. Founded in 2005, LiteForex is a broker providing access to forex and CFDs on commodities, indices, shares, and cryptocurrencies.
LiteForex caters to beginner traders by providing them with extensive educational material in their comprehensive education centre. Traders have access to a Forex glossary, eBooks, tutorials, trading strategies, trading indicators, and a blog with loads of helpful information. In addition to the educational https://limefx.name/ resources, traders also have access to an economic calendar, analytics, various financial calculators, economic news, and currency rates. All in all, traders at LiteForex are given everything they need to succeed. For all account types, a minimum of $50 is required as an opening balance.
LiteForex provides a VPS hosting service through its website for managing trades in the absence of on-premise servers. Unlike other brokers, LiteForex is not reliant on an internet connection. The crypto charging of Lite Forex accounts can be done by using Bitcoin, Bitcoin Cash, Ethereum, Bitcoin Gold, Monero, and Litecoin. Additional payment systems to deposit or withdraw money include QIWI, M-Pesa, Boleto Bancario, Africa Mobile Money, and AdvCash. The company also offers promotional benefits to high-performing clients by reimbursing their deposit fees. Lite Forex scores high for offering several options as payment processors, which is excellent for clients who may risk losing a part of their money due to additional charges.
The Standard option requires $100 and $1,000 for the ECN version. LiteForex presents limited educational value versus FBS, where traders get more in-depth resources. The excellent research also features education, making FSB a better choice for beginner traders. On the other hand, when it comes to trading, LiteForex indicates that you can choose 150 plus instruments to trade and it comes with low commissions. For professional traders and investors, LiteForex recommends the real-trading ECN account.
This company operates as an exclusive broker for LiteForex’s European clients. It offers its trading services to countries in the European Union. LiteForex LimeFXs Limited, on the other hand, is an established global CFD and forex broker. LiteForex is an online broker offering its services to customers from different parts of the world. As a company, LiteForex was founded in 2005 under the title LiteForex LimeFXs Limited. This company has more than a decade of experience maintaining the trade order quality of multi-domain financial services to its customers from around the world.
a true multi-asset broker
Trading conditions are good and everything works quickly. Since I’m a beginner I often write my own silly questions and always get a quick reply . LiteForex provides a user-friendly web platform, Copy Trading, educational articles, and a demo account, which are all helpful for new traders. There is a good section explaining specific rule-based trading strategies.
- For all the time of my work with this broker, I have not doubted its reliability.
- Platforms are where you trade, so they must be secure, fast, and accessible while offering you the tools you need to succeed.
- For bank deposits/wire transfers, the minimum deposit should be at least $100.
- As LiteForex is based in the Marshall Islands, they are licensed and regulated in accordance with the Marshall Islands Business Corporation Act.
- Narrow spreads, withdrawal fast, a lot of bonuses and promotions.
- ForexPeaceArmy.com has advertising and affiliate relationships with some of the companies mentioned on this site and may be compensated if readers follow links and sign up.
Narrow spreads, withdrawal fast, a lot of bonuses and promotions. There are different competitions that you can use to make a Deposit. Already took several awards, but do not lose hope to occupy the first place. I have been invited to this company by my acquaintances to earn on LimeFXs, I have opened several accounts to which I copy trades of other traders.
User Reviews
This is a very legitimate trader that is totally focused on a great customer experience. Lite Forex customer comments and limefx scammers reviews prove how much this broker is trusted and credible. This is a recommendable trader for any experienced trader.
The advantage of using the MetaTrader platform is the cross-device and multi-broker functionality, making it easier to change broker or use multiple brokers. All applications and their contents are supported in more than eight languages and are regularly updated. Trading accounts can only be denominated in four base currencies – USD, EUR, GBP, and PLN which is limited compared to other brokers. Most other brokers denominated accounts in at least five to ten currencies. LiteForex does not charge fees for deposits, and as a bonus, it covers deposit fees imposed by the provider. LiteForex’s non-trading fees are average compared to other similar brokers.
Non-trading Fees
Any opinions, news, research, predictions, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute LimeFX advice. I have a very good trading platform, all the analytical and trading tools are available. I started to trade not long ago and so far everything is very interesting. I study with Alexander, the lecturer is very smart and everyone praises him. In my opinion, the company is very up-to-date and has all the services that traders need.
LiteForex has been generally recognized by more than a million and a half clients from all over the world. The company has got a huge number of awards, such as Best Broker in Africa, Asia, Latin America, and the fastest-growing broker in Western Europe and Asia. If you have any previous experience with LiteForex, please share it in the reviews section below. I have been trading on Liteforex for over a year now, and I must say their support team has always respond with speed and ethusiasm, the same goes for their official hotline. Bonus 30% for preventing my acount from getting Stopp out.
One of the reasons traders are attracted to the forex and CFD markets is the high degree of available leverage. Leverage is the use of borrowed funds to increase the size of your trading positions beyond what would be possible using only the cash in your account. Clients can make deposits and withdrawals via bank transfer, credit/debit card, and digital wallet. Processing times are average for the industry, but we found the withdrawal fees relatively high. There are helpful built-in features such as the availability of sentiment data, showing you the percentage of clients that are buyers and sellers. Traders can sort instruments by popularity and volatility, which allows you to identify the market movers and assets in play for the day.
Moreover, there are a vast number of payment methods that allow customers to proceed with account funding, while some of them including fees and another are free of charge. Also, money transfers to or from the account also depending on your residency and its applicable policies, in addition to entity rules of LiteForex that apply. The website has been down for almost 8 days, customer service has been non existent and all my deposited funds have been lost. I highly recommend you don’t use this broker except you want to lose your USD. Imagine what impact it could have on forex traders where even milliseconds matter. Sites like Liteforex and Robinhood are nothing but a scam.
The Classic account uses a spread based system and the ECN account, a commission-based system. We value transparency and openness in the way we review the partners. To bring transparency to the forefront, we have publishedour review process that includes a detailed breakdown of how we review LiteForex’s product offering. Central to that process is the evaluation of the broker’s reliability, the platform offering of the broker, and the trading conditions offered to clients, which are summarised in this review.
FBS presents traders with a commission-free mark-up of 0.5 pips or $5 per lot. It has two commission-based accounts, neither one acceptably priced. Traders may trade with a spread from 0.0 pips for a commission of $20 or 1.0 pips for $6 for a total of $16. Swap rates on leveraged overnight positions and third-party payment fees apply at both.
The Mobile Platform
It presents traders with an auto-withdrawal service and research from Claws & Horns. The social trading platform caters well to traders looking to copy positions from others. Traders must accept a cost structure, which at LiteForex can be three times as high as competitive offers. LiteForex pays 2.5% annually in the ECN account, presents traders with a low minimum deposit and high leverage, but the asset selection remains limited. FBS has fewer assets but maintains a visible advantage concerning trading costs, ranking among the most competitive brokers.
It’s good for me and I know traders who also have accounts here, no one is complaining. I have been trading for three months, the flight is normal, the broker does not drizzle and does not worsen the conditions, the servers are stable. There are no questions about finances, transfers are fast, commissions are acceptable. LiteForex is registered in the Marshall Islands, so it’s subject the legislation of this country . 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.
The company is a good company, I have always traded well here, and I have never had any problems financially. If there is an opportunity to trade crypto futures on a crypto exchange, you can also sell with a single deposit there. Why do you advise filtering by profitability, there is a good way to drain on such accounts, to earn money you need a different approach with more adequate statistics. I came to this company by the invitation of Alexander Rodionov, who conducts individual training here, I highly recommend to learn from this trader his system of Margin Zones. In my case trade after 3 months became stably profitable, which I wish others to do as well. Gain on the accounts were reduced by the portion of the bonus provided originally.
very stupid broker
LiteForex offers four base currencies, which is limited compared to other similar brokers. Like other brokers, LiteForex requires customers to submit their KYC documentation in order to open an account. Trading may not be conducted by means of credit funds only. The bonus will be cancelled if the whole of client’s own funds is lost. If the margin requirement to maintain open positions is less than the amount of bonus funds, the Stop Out will occur as soon as the equity level reduces to the margin requirement level. Lite Finance (ex. Lite Forex) offers platforms available in MetaTrader 4 , MetaTrader 5 and LiteFinance proprietary mobile apps.
I’ve worked with other brokers and they have never charged a withdrawal fee. Nowadays, LiteForex 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.