Skip to main content

Forex trading instruments and accounts from the LiteFinance broker

By 28.1.20228 joulukuun, 2023FinTech

The company is officially headquartered at a registered address on Ajeltake Road on the Ajeltake Island in Majuro, Marshall Islands MH96960. It is also available in Saudi Arabia, Luxembourg, Kuwait, Qatar, and most other countries. However, the broker is not safe for trading in the United States, Israel, and Japan. To cater to a wide range of clients, LiteForex has two primary accounts for live trading – ECN account and Classic account. In addition to these accounts, an Islamic forex account is also available.

offers traders the selection between two of the most popular and loved trading
platforms in the world, the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading
platforms. Both platforms are highly sophisticated and accommodate the needs of
both beginner and experienced traders. However, because LiteForex only
provides trading in the forex markets, both platforms will do.

  • All the LiteForex trading accounts correspond to different web servers, making it impossible to switch the account type after its opening.
  • The demo account does not require any documents but is a part of the company account for free with the intention of trading practice.
  • It’s evident that
    the brokerage takes the success of their clients very seriously as they do
    everything in their power to help their traders succeed.
  • User-friendly with a simple account opening process, LiteForex enables the use of chart types like line, candlestick, and bars.

Find out in the following review where we analyze all
aspects of this lucrative trading broker and discover if LiteForex is the right
online trading brokerage for you. The Liteforex minimum deposit requirement is just one of several important factors to consider when choosing a trading account with Liteforex. Consider the deposit methods available, the account types offered, and the trading conditions, to determine which account type is right for you.

LiteForex says it uses only the most advanced technology to ensure that traders operate in a safe and user-friendly environment on the best trading platforms and with high-speed executions. LiteForex’s offering also includes low floating spreads, market execution void of requotes, and professional assistance. We value transparency and openness in the way we review the partners. To bring transparency to the forefront, we have published our 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.


The initial deposit that is compulsory is $50 in both these accounts. Without such a virtual experience, it would be very risky indeed to participate in live trading where ample money risks are involved. You will find all trading resources and educational materials that this broker offers under the “for beginners” section. Immediately, it should be understood that LiteForex does not have material that caters to intermediate or advanced traders. This is not a bad thing per se, but other top-tier online brokers do cater to all traders when it comes to this. As forex trading becomes increasingly popular, LiteForex has done well as a forex and CFD broker accommodating especially new traders.

Unlike other brokers that require extensive KYC (Know Your Customer) documents due to strict regulatory oversight, LiteForex simply asks for an email address and password. When making this calculation, we use one lot of EUR/USD as a benchmark as it is the most commonly traded currency pair and it usually has the tightest spread. Australians will be trading under the subsidiary, Litefinance Global LLC, authorised and regulated by the Financial Services Authority of St. Vincent and the Grenadines (SVGFSA).

Also popularly known as copy trading, beginner traders can observe and then mirror the trades of successful traders to improve their trading skills in no time. Additionally, copy xcritical reviews trades have always been found to be a more engaging way of upskilling one’s trading skills. Compared to other brokers, LiteForex offers a limited range of base currencies.

  • Concerning the findings from this review, LiteForex is a good broker for forex markets.
  • LiteForex’s spreads are quite competitive, but some major forex pairs get a spread of 2 pips, which is considerably high.
  • The competition only states that clients only need to deposit 1,000 USD into their accounts to enter.
  • The unexplained move of its headquarters from one unregulated Forex jurisdiction to another raises red flags.
  • The global cryptocurrency trade has been flourishing and reaching epic proportions.

The reviews also revealed that the basic versions of the MT4/MT5 trading platforms are more useful and easy to adopt. Clients can get trained to use their upgraded versions from a series of tutorials and guides. No third-party add-ons are xcritically available on the MT4/MT5 offerings. The existing tools may leave many traders incomplete, creating a sub-standard experience.

In the case of the website, European residents will use that site. Residents outside of Europe, like Malaysia and South Africa, will be directed xcritical courses scam to the entity and site under LiteFinance Global LLC. LiteForex is an ECN forex and CFD broker that has been operating in the financial industry since 2005.

Our verdict on LiteForex

Overall, Liteforex’s CFD offering is limited compared to what is available at other similar international brokers but it stands out for the number of cryptocurrency pairs on offer. Overall, Liteforex offers a range of useful trading tools to help traders make better trading decisions. Although not the best in the industry, LiteForex’s education and market analysis materials are comprehensive and regularly updated, and appeal to both beginners and more experienced traders. As a leading forex broker, LiteForex offers currency trading in pairs of currencies. Classic accounts for new traders do not charge a commission but follow the system of spreads and get incomes from spread charges. A combination of in-house research and third-party analytics by Claws & Horns offers traders comprehensive market coverage and trading ideas.

Are there any hidden charges available with LiteForex?

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 spreads and commissions offered by the company are based on a unique fee structure. According to online trader reviews, the EUR/USD spread starts very low at 0.0 pips for the ECN account holders.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs, FX or any of our other products work and whether you can afford to take the high risk of losing your money.

Here’s our quick trading account opening form

Looking at the webinar section, you will find a handful of webinars that only cover the most basic principles of trading. Another factor to consider is that although many headings under this section are devoted to everything from technical analysis to money management, these sections are empty. LiteForex makes several markets accessible through Forex and CFD trading. Trade Indices, Commodities and Currencies with a Classic, Swap free or ECN account.

The main benefits of trading with LiteFinance (ex. LiteForex)

LiteForex Investments 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 Investments 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. As of 2020, LiteForex has over 500,000 clients who trade with the broker actively daily.


The Premium Account offers a good balance between beginner and professional trading, making it a great choice for those with some trading experience. If LiteForex Investments Limited were a scam, multiple market regulators would not have registered it. Modeled on a Cyprus investment firm, the company provides its services through safe and secure platforms. SSL-secured and encrypted channels protect the data going in and coming out of the website and the platforms. 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.

Author Roola

More posts by Roola