Established back in 2005, LiteForex has rocked the industry with its reliable and professional trading services. This broker opens its doors to traders of any experience and financial background. With over 240,000 active clients registered, Liteforex is one of the most popular choices among traders because of its simplicity, reputation and financial performance.
During Liteforex review, we have tried out 3 available account types:
This account is great for beginners who need time to practice and test their strategies but want to do it with real money rather than with demo account. The minimum deposit requirement is only $10, trading can be started from 0.1 lots with leverage up to 1:1,000. Spreads are tight starting from 0.9 pips and there is 30% deposit bonus.
This account is best for traders with some years of experience. Leverage with Classic account is up to 1:500 and spreads are as low as 2 pips with deposit bonus of 30%.
Professional traders can enjoy true ECN experience with minimum deposit of just $50 and very tight spreads. Leverage is up to 1:400.
With LiteForex you have the vast choice of 83 tradable instruments such as spot Gold, spot Silver and 8 currency indexes. All of that can be traded on one of the most trusted platforms today - MetaTrader 4. The platform gives you access to professional charting and market analysis tools, automated trading and Expert Advisors.
Liteforex offers many payment options to choose from. Here is the complete list of your options for both deposits and withdrawals: Webmoney, Skrill, OK Pay, Alertpay, Perfect Money, Liqpay and Wire Transfer. During our Liteforex review, we had a chance to check the speed of withdrawal and it has earned our highest score. Our withdrawal requests were proccessed within an hour and the funds received via Skrill, for example, within the same day.
There is also the in-house payment option - pre-paid Master card. Liteforex card is used just like any other debit card in more than nundred countries all over the world. There is no need to link the card to the bank account. What are other advantages? Here are some:
Credit history and credit checks are not required
Transactions limited to $12000 per week
No chance of negative balance
No limit on annual balance
Instant money transfer
$500+$500 - The broker adds $500 to your deposit made by bank card.
Plus 30% - Get 30% bonus for each deposit over $100 made within 24 hours from opening a new trading account.
Insure depotis - Insure up to 100% of your deposit above $500 and trade risk free.
Refund from 1.5 points from each trade - Get refunds from your own trades.
Language and Support
Multilingual support is there to help out 24 hours a day, 5 days a week in many languages such as English, Russian, Chinese, Malaysian, German, Portuguese, Brazilian, Spanish, French, Turkish and Greek.
LiteForex won “The most stable broker in Asia 2010” nomination. It is a deserved acknowledgement of LiteForex serious success achieved over the years of working in the sphere of online trading, and a sign of company’s flawless reputation among brokers, traders and independent experts.