LiteForex review - Forex and CFD Trading

LiteForex

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

ECNCLASSIC
SpreadInterbank spreadsFloating, as low as 2 points
Commission (round-trip)$10No
Type of executionMARKET EXECUTIONMARKET EXECUTION
PlatformMT4MT4
Leverage (non-EU traders and professional traders in the EU)1:400 - 1:11:500 - 1:1
Leverage (EU traders)1:30 - 1:11:30 - 1:1
Base currencyUSD, EUR, CHF, RUBUSD, EUR, CHF, RUB
Min. deposit$50$50
Islamic accountsYesYes
Social tradingAvailableAvailable
Lot size ($)100000100000
Min. lot0.010.01
Maximum number of ordersNo limitNo limit
Margin call level 100%100%
Stop out level50%50%

 

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.

LiteForex news

Risk warning

Combining leverage with derivative products can generate very rapid losses. Please ensure that you fully understand the risks involved before you engage in such transactions. Forex and CFD trading is not suitable for investors who are not able to withstand losses greater than their initial deposit.