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.

LiteForex website  LiteForex demo account

Types of Accounts

Type of account:STP MiniSTP Classic STP PlatinumCurrenex
Minimum deposit $100$2000 $20000 $200
Spreads starting at 1.2 starting at 1 starting at .4 market price
Leverage1:1000 1:1000 1:3001:100
InstrumentsCurrencies, Shares, Commodities, Indices, CFDsCurrencies, Shares, Commodities, Indices, CFDsCurrencies, Shares, Commodities, Indices, CFDs Forex (33 pairs), Metals
Forex commissionN/AN/A $23 base currency units per direction
Trading platform MT4MT4 MT4Currenex Viking, Currenex Classic
Minimum volume 0.010.010.010.1
Margin call100%100% 100%margin used 100%
Stop out10%20% 20%margin used 200%
Locked margin50%50%50%N/A

 

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 fix 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.