So before you sign in we recommend you verify conditions and understand how trading works, as leverage is a two-sided ttool that may maximize your gains and losses likewise. Besides, always make sure to learn how to use it and what the smartest way for a particular instrument is. Our Ranked LiteForex Trust Score is 7.9 out of 10 for good regulation and a decade-long operation. However, on its weak points, the broker doesn’t hold any other top-tier license apart from CySEC and international trading is conducted through an offshore entity. 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.

The broker was one of the first who offered its users a unique service of cent trading accounts with a deposit of just $1. This step made Forex available to ordinary people with any budget. Providing an exclusive trading environment, the broker greatly influenced the history of the market. Today the broker is steadily working with traders around the world, offering favorable terms of trade. There are times when their execution is a little slow, like their server can’t keep up with the demands of traders.

What Can I Trade

Last year was trouble-free, I think the company will remain as honest with traders and will not spoil relations with partners. The company works properly, I do not see any problems here, the broker for trading is quite decent. The broker is reliable, limefx you can send 1000$ here, there is a representative at all popular forums and they stick to the interests of their clients everywhere. I have recently started to trade with this company again, everything is on a decent level as always.

We can say that the broker is trustable as it is a member of the LimeFx Compensation Fund which protects the users in case of bankruptcy. Currency pairs, indices, metals, energy…..LiteForex allows clients to access a huge range of trading markets. Therefore, both beginners and experienced traders can find what they want to trade on LiteForex. Cryptocurrencies and stocks are currently unavailable according to this page. They help me to become a good trader because i had a lot of stupid questions for their support and i got answers for all questions. Now I am trading with three brokers at the same time and i sure that liteforex is not bad broker and they have all for newbies and professionals.

#2. ECN Account

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. Yet, for comprehensive analysis and day trading, you would prefer a desktop platform, where LiteForex MT suits any device either PC or MAC. The withdrawal fees are ranged also from one option to another, while some LiteForex withdrawal options add no fees and others will add on a small mark up. As for the fund transferring fees, LiteForex does not charge transfer fees for deposits yet various jurisdictions and payment providers may add on some fees, so be sure to verify this info as well.

Both financial bodies have specific rules and regulations for their brokers. However, the Marshall Islands have loose and flexible rules. Read this LiteForex broker review before opening your account. Find out more with AtoZ Markets Forex broker review of LiteForex. Since rebranding from LiteForex to LiteFinance, transparency dropped, and issues arose.

LiteForex Review 2023: Scam or Safe?

It is confusing for the traders as to which one is authentic. So, traders can choose from the alternatives available in the market. LiteForex does not provide any kind of bonus or promotion to the users. However, it has the facility https://limefx.club/ of Virtual Private Servers . It is an additional facility to control trading when the gadgets are turned off. They offer different, attractive and lucrative partnership programs and deals to enhance their support services.

Also, their spreads can be too expensive, especially during high volatile market conditions. In fairness, I haven’t experienced issues in withdrawing money. I just hope they invest more in technology to make things faster. Their support service is poor, all my money I put was lost, I put in 13,970 from my bank and that was it, I couldn’t withdraw, and I stopped using their service when I came across benarmstrong-trades. Com , my first week I made up to $9,000 with deposit of 550, if I’ll recommend platform it’s Ben Armstrong trades cos their support is good and there’s no restriction like I had in litefinance. I like that LiteFinance deploys its proprietary copy trading service embedded within the web-based trading platform.

That is why FX Empire developed its proprietary rating system. We put the knowledge and expertise of our reviewers to work to bring you the most suitable brokers. A total of 200 variables have been analyzed to help you choose your broker wisely. This chart describes all the categories we evaluated and rated.

Advantages and Disadvantages of LiteForex Customer Support

It took me 3 months to figure out how to get my money back after made failed attempts; I contacted several lawyers but it was all waste of time and money, they couldn’t render an inch of help. I later scammed by limefx came across a certified binary options recovery Company while searching for a way out , I was able to hire their services . They were able to recover my funds from the brokers successfully.

The MetaTrader 4 desktop platform is one of the world’s most feature-rich and popular trading platforms. It does not have the most attractive interface, and it requires some time and effort to learn, but that is typical of advanced platforms. The app makes it easy to trade on the go and track your portfolio and trading history. Deposits/withdrawals and chat support are also available via the app. CySEC, a Tier 1 regulator, regulates LiteForex Europe.

But when i read their terms and conditions, i understood that it is a 100% bucket shop that attract client with unbelievable bonuses and advertising. If you have any question about this or another company, i’m ready to share my experience, just add me in skype – vovkfx. The biggest factor recommending Liteforex is its ease of use, and although the assets it offers are merely average, this is quite sufficient to encourage many people to make it their broker of choice. It also offers unusually good educational resources, giving it a lot of appeal to beginners. It supplies all the tools you would expect, and its traders also benefit from independent analysis. If you’re looking for a basic package that is easy to get to grips with, then it’s a fairly good choice.

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. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. Withdrawals are always fast and without any additional checks. I would also like to note the fast execution of trade orders. Hopefully in the future, their market analysis app will get better. Imagine what impact it could have on forex traders where even milliseconds matter.

In addition, when trading with a broker regulated by CySEC, client funds are insured by the Investor Compensation Fund for up to €20,000. Besides this, traders appreciate the broker’s highly informative website. It contains materials about the company, trading options, terminals, bonuses, analytics as well as training information. In many respects it demonstrates a thoughtful policy of working with the users, which is not typical to scams. LiteForex turns out to be a licensed broker and it has a positive effect on the attitude towards it from traders. Verification is required to trade on the platform, and it also shows the whole seriousness of the company’s intentions.

• Traders have to be registered with the firm and be verified by it.
• However, those traders who lack basic trading skills would struggle with this broker and can look for other better options.
• I have been trading for 1.5 years, and I have never contacted the support team.
• However, the major difference is that Liteforex offers ECN accounts for its customers, which is not available on the LimeFx platform and the minimum deposit of LimeFx is also higher than Liteforex.

Moreover, the company reimburses the commission paid by the user to the payment system when replenishing the account. For 10 years of its existence, LiteForex was able to quickly gain a reputation as a reliable broker. Traders around the world choose this company as it’s not going to stand still.

We use dedicated people and clever technology to safeguard our platform. Companies can ask for reviews via automatic invitations. Having representative offices in Vietnam also helps Vietnamese customers to be supported quickly and easily.

Liteforex also provides security of funds through providing segregated accounts in European banks. These accounts ensure that the funds of the clients are not misused or exploited in any way and are kept separately to be withdrawn whenever the clients process them. Moreover, the user’s data is secured through the data encryption protocol used through the HTTPS system. Liteforex also has other trading features, including minimal or no slippage and no requotes; similarly, hedging and scalping are also allowed. Furthermore, copy trading is the most prominent feature of this brokerage firm, where traders can follow successful traders’ trading strategies and risk management for maximum profits. 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.