LiteFinance review: Is it a legit or scam forex broker?

Our team has written 100+ broker reviews and we constantly test to maintain accuracy. Trading FX or CFDs on leverage is high risk and your losses could exceed deposits. The minimum deposit to open either Lite Forex Classic or Lite Forex ECN accounts is $50. If you lost access to your scammed by limefx profile or account you need to contact our support team via live chat or email. Risk Warning – Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you are fully aware of the risks involved and the high probability of losing your money.

• This feature allows traders to execute orders with a single click and no secondary confirmation.
• To keep the portfolio diverse, 11 index CFDs can be traded with the company.
• LiteForex broker is providing their clients with many different options when it comes to the deposit, withdrawal and payment methods.
• LiteForex offers an automatic withdrawal feature that enables traders to withdraw funds up to 100 USD per day within 24 hours, which is available on Skrill, Perfect Money, and Neteller.

In addition, there are established centers in various regions, so Europe and international are covered, however, customer service is available on working days only 24/5. The LiteForex Standard account minimum is 50$ at the start, and the ECN account set is also 100$ and it is a great opportunity since the requirement is quite low. Yet, be sure to verify conditions and margin requirements for the instrument you wish to trade, also better check all the margins via Demo account at first before you sign in.

What Sets LiteForex Apart from Other Brokers?

Support is offered for both the MT4 and MT5 trading platforms, Stop Out levels are at 20%, and no interest is charged on surplus funds. Commissions only apply to cryptocurrency trading, at 12 USD per lot. LiteForex is a large and established online trading brokerage who serves limefx scammers the international markets by accepting traders from around the world and offering their services in over 10 languages. The brokerage specializes in the trading of forex and has been providing reliable and innovative forex trading services since their establishment in 2005.

Also, traders can interact with representatives via the brokerages various social media channels including; Facebook, Twitter, Google+, Instagram, LinkedIn, Pinterest, Telegram, and YouTube. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. Forex Awards shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the press releases or reviews made by the site contributors about the limefxpanies. The entire responsibility for the contents rests with the contributors and commentators.

Top 3 Forex Brokers

Lite Finance (ex. Lite Forex) offers platforms available in MetaTrader 4 , MetaTrader 5 and LiteFinance proprietary mobile apps. LiteFinance, formerly LiteForex, is a forex broker founded in 2005 with a EU branch in Cyprus. LiteForex profits from the bid/offer spread, commissions, overnight financing fees, and miscellaneous account-related fees. To open an individual account at LiteForex Europe, prospective clients must provide the following information.

CTrader is a platform specifically designed for high-speed execution through which traders can trade global markets. CTrader’s independent design, elegant interface, and advanced features make it a favorite among freelance traders. It also provides its clients negative balance protection, so that they cannot lose more than is in their trading accounts. No commissions are charged and the broker charges are embedded in the spread. LiteForex provides its traders access to two trading platforms – MetaTrader 4 and MetaTrader 5. Both MT4 and MT5 trading platforms have been globally recognized as effective trade tools.

Review of the best forex broker in terms of leverage

Our mission is to provide online investors with the most unbiased, comprehensive reviews and ratings of self-directed brokers. LiteForex is a high-tech reliable ECN broker with a strong reputation. The online ECN broker LiteForex has been providing its clients access to Tier 1 liquidity in the currency, commodity, and stock market since 2005. All major currency pairs and cross rates, oil, precious metals, stock indexes, blue chips, and the largest set of cryptocurrency pairs can be traded at LiteForex.

• Both cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money.
• But sometime in DECEMBER I fell for a binary options scam which promised a higher return and I lost close to $75,000.
• I am a trader in Forex since 2011 and during this time i have worked with 22 to 23 brokers.
• All major currency pairs and cross rates, oil, precious metals, stock indexes, blue chips, and the largest set of cryptocurrency pairs can be traded at LiteForex.

It is the first broker to allow the lowest minimum deposits in the market. The overall review on LiteForex is positive, as the company is enabling its client to get acquainted with the complex Forex trading landscape. From its live trading features to its competitive spreads, the broker ranks high on almost every review parameter. As a registered financial service provider, LiteForex Investments Limited offers a plethora of tools and brokerages to its clients.

BrokersRelevant information

Dear Clients,We are pleased to announce that LiteFinance is extending the exclusive Great Hundred contest for Malaysian clients! Sourceforge.net needs to review the security of your connection before proceeding. Financefeeds.com needs to review the security of your connection before proceeding.

Both Liteforex’s accounts have a minimum deposit of 50 USD, making them accessible to beginner traders. LiteForex offers two account types, which is average when compared to other brokers, and the accounts are more suitable for beginners than experienced traders. In addition to the MetaTrader 4 and Metatrader 5 platforms, LiteForex also offers a user-friendly proprietary copy trading platform. The automated copy-trading system allows traders to duplicate the best trades, trade independently, share information, and communicate with their signal providers.

I hope that this review will help them to believe that they on a good way. I like their service and I made sure that they have all necessary for traders and investors. Soon I would like to realize my investing strategy https://limefx.vip/ by using their social trading platform. LiteForex‘s mobile trading platforms are average compared to other similar brokers. It offers mobile versions of MT4 and MT5, but no proprietary mobile trading solutions.

• All in all, traders at LiteForex are given everything they need to succeed.
• This model made them very popular and it acquired many clients all over the world.
• Upon first withdrawal request, I got the withdrawal approved, then a week later finance rejected, an cancelled interest rate I was given on the amount kept on the account.
• The company is actively expanding its trading capabilities and is currently advertising on its homepage that it supports over 145 assets.

LiteForex provides a user-friendly web platform, Copy Trading, educational articles, and a demo account, which are all helpful for new traders. Educating yourself on how to trade the financial markets can make the difference between success and failure. We check the educational content provided by the broker, its quality and suitability for beginners and advanced traders. Traders tend to underestimate customer support, but it might be a crucial feature in moments of crisis.

This model made them very popular and it acquired many clients all over the world. This has made it the global brand it is and whose model of operation is followed by many. Its over decade-long stay in the industry has given Lite Forex a great step in having the right experience from dealing with many clients. While LiteForex maintains a generous bonus system, the trading environment at limefx is better due to lower costs and a broader selection of assets. Moreover, Britain’s leading financial magazine “World Finance” has included the broker in its “100 World Finance” worldwide list. As a result, Amarkts broker is the best in terms of Persian support.