Lite Forex

LiteForex review - Forex and CFD Trading

LiteForex (Europe) Ltd. is registered in Cyprus (CIF) as an investment company under number HE230122, and is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 093/08 and it acts in compliance with the directive on financial market instruments (MiFID).

Liteforex is a member of the European Compensation Fund for investors, allowing the company to guarantee the security and assurance of their clients' funds (up to €20,000).

LiteForex provides traders with a choice of various account types, one for each currency trading strategy or capitalisation.

With over 500,000 active traders across many countries, LiteForex is one of the world's most popular forex trading companies.

CFD trading comes with a high risk of losing money, it is therefore not for all investors. Between 74-89% of retail investor accounts lose money when trading CFDs.

LiteForex website  LiteForex demo account

Types of Accounts

ECNCLASSICCENT
Spread Floating, as low as 0.9 pointsFloating, as low as 1.8 pointsFloating, as low as 3 points
CommissionNoNoNo
Type of executionMARKET EXECUTIONMARKET EXECUTIONMARKET EXECUTION
PlatformMT4MT4/MT5MT4/MT5
Leverage (non-EU traders and professional traders in the EU) 1:400 - 1:11:500 - 1:11:1000 - 1:1
Leverage (EU traders) 1:30 - 1:11:30 - 1:11:30 - 1:1
Base currencyUSD, EUR, CHF, RUBUSD, EUR, CHF, RUBUS cents, EUR cents
CHF cents, RUB kopecks
Min. deposit$50$50$10
Interest, % per year2.5%0%0%
Islamic accountsYesYesYes
Social tradingAvailableNot availableNot available
Lot size ($)1000001000001000
Min. lot0.010.010.01
Maximum number of ordersNo limitNo limit200
Margin call level50%50%50%
Stop out level20%20%50%

 

1) The company reserves the right to modify leverage at its discretion according to clause 9.6 of the Terms of Service. If the account balance is equal to or over 5000 USD/EUR/GBP, leverage will be automatically changed from 1:1000 to 1:400.

2) The commission for a complete transaction (entry/exit) is deducted in double.

3) Islamic accounts are charged a fixed commission each day at midnight (trading server time).

LiteForex website  LiteForex demo account

Managed accounts (PAMM)

PAMM account

LiteForex's PAMM managed account service received the "Best PAMM Service" award from World Finance magazine.

The PAMM system offers multiple features that allow you to see a ranking of accounts according to their performance so that you can track their evolution.

You can invest and withdraw your money at any time and without any early withdrawal fees.

It is possible to test the PAMM account in demo mode under the same conditions that real accounts have.