Lite Forex

LiteForex - Forex and CFD Trading

LiteForex is a brand and subsidiary of the Straighthold Investment Group, one of the most highly respected companies in the industry.

Straighthold Investment Group provides traders with the forex market's most popular trading platform: MetaTrader 5.

Straighthold Investment Group provides traders with the opportunity to trade the forex market with ONE DOLLAR, and it allows them to do so with minimal costs as there are no commissions (just the buy/sell spread).

LiteForex's transaction processing technology almost entirely eliminates the need for a dealing desk. All orders are immediately processed. Moreover, account debits/credits are highly automated as LiteForex uses a very reliable electronic payment system. Another thing I really like is that they will reimburse you any wire transfer fees that your bank may charge you when you send money to fund your LiteForex account.

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

With more than 130,000 active users (45,000 real-money accounts, 300 new traders registering daily and 700,000 orders placed each month), LiteForex is one of the world's most popular forex brokers, and one that is growing fast.

Two negative points, though. 1) Customer support is beyond atrocious. If you call them, expect to hear extremely thick Russian accents, and if you contact them using their site's chat feature, the person on the other end will tapdance around your questions and you will have to ask the same question 3 or 4 times to get a straight answer (that was my experience recently). 2) I was recently a client of theirs and it took 16 days for me to get my money back after I made my initial withdrawl request. 5 business days is acceptable, any more than that is simply unacceptable. 16 days is just plain BAD! Don't be in a hurry to make withdrawls with these guys!

10% bonus for all new deposits
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Types of Accounts

  LiteForex RealForex Floating Spread
Currency of deposit US cents, EU cents, CH raps, RU kopecks USD, EUR, CHF, RUB USD, EUR, CHF, RUB
Minimum deposit amount $1.00 $10.00 $10.00
Maximum deposit amount no limit no limit no limit
Lot size 100,000 100,000 10,000
Contract minimum 0.1 0.01 0.01
Contract maximum 100 100 1000
Leverage 1:100 - 1:500 1:50 - 1:200 1:200 - 1:50
Margin required 1% 1% 1%
Locked margin 50% 25% 50%
Margin call level 20% 50% 50%
Stop-out level 10% 20% 20%
Interest rate paid 0% 3.50% * 3.50% *

 

* The account balance which is not used for trading is paid interest on a monthly basis at an annual rate of 3.5%.