LiteForex

LiteForex Reviews

LiteForex Investments Limited has been providing brokerage services since 2005, and during this time Has managed to gain trust among traders from all over the world due to its individual approach to each client and favorable trading conditions. Today LiteForex is engaged in the provision of the following services:

• Forex, CFD contracts, oil, metals, and indices trading;

• instant execution of transactions without requotes and delays thanks to ECN technologies;

• the system of PAMM-accounts;

• copying trades using the Sirix trading platform;

• own VPS server with different rates for its clients;

• return of the spread up to 35%;

• Deposit insurance up to 100% for deposits of $ 500 or more;

• VIP club for those who want to have additional privileges;

• learning the trade;

• personal Manager services;

• affiliate program.

LiteForex Regulation

LiteForex is registered under No. 63888 in the Marshall Islands and is regulated under the Marshall Islands Business Corporation Act.

Types of LiteForex accounts

LiteForex broker provides its clients with three types of trading accounts, as well as PAMM accounts, which we will discuss separately:

1. Cent (the minimum Deposit is 10$, leverage 1:1000, a Deposit bonus is 30%, the spread is fixed from 2 points type of execution – Instant execution) – if you are a long time trade on demo account, but I'm afraid to go to real, cent account is ideal for these purposes, it is enough to make a small amount on Deposit, in order to understand the psychology of the market from the inside;

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2. Classic (minimum Deposit – $ 100, leverage – 1:500, Deposit bonus – 30%, spread – fixed from 2 p., execution type – Instant execution) – this account is suitable for experienced traders who have been trading for several days and clearly adhere to their strategy;

3. ECN (minimum Deposit – $ 500, rate-7.5% per annum, leverage-1: 400, spread-floating from 0.9 p., no commissions, execution type-Market execution)-thanks to ECN technologies, full transparency of trading operations and high speed of order execution are provided, which is so important for professional traders.

Features of trading with LiteForex

• Expert Advisor trading, news trading, and scalping are allowed;

• Automatic withdrawal of funds up to $ 100 to verified clients;

• If the price changes sharply during the news release, the company reserves the right to make adjustments if the client's request (order) was rejected or partially executed by the counterparty;

• The request processing time depends on the quality of the Internet connection between the client terminal and the server, as well as the state of the market, and is 3-5 seconds under normal conditions and 5-15 seconds during server load (news output, etc.);

• If volatility increases, the company may increase the margin or spreads without prior notice;

• The company can cancel trades if they were made at a non-market quote, software failures were detected on the server, less than two minutes passed between opening and closing an order, or less than two minutes passed when opening multidirectional orders (does not apply to ECN accounts).

LiteForex VIP club

Every LiteForex client can join the VIP club and get the following benefits:additional benefits: return of the spread up to 35%, trading signals in the form of SMS to your phone, payment of Commission for deposits, advance payment on credit to maintain your balance for three days, personal analyst. Any LiteForex client can become a VIP client absolutely for free. To do this, you need to top up the Deposit for a certain amount: Bronze (0-250 dollars), Silver (251-2 500 dollars), Gold (2 501 – 10 000 dollars), Platinum (10 001 – 50 000 dollars), Elite (from 50,001 dollars). Depending on the category, you get a different package of privileges. So, for Bronze, SMS signals for 30 days are available, and for Silver-SMS signals for 30 days and Commission compensation, etc. In addition, in the VIP store, you can buy VPS servers and SMS signals for LP – these are special club points that are earned depending on the volume of trade.

LiteForex PAMM account system

Broker LiteForex offers favorable conditions for cooperation between the Manager of the PAMM-account and investors. To open an account, the Manager will need at least $ 200, for an investor-from $ 10. The PAMM account Manager specifies in the offer the amount of remuneration that he would like to receive for his services. How profitable and stable it will be to trade depends on what place it will take in the rating. With the help of the rating, the investor can choose the Manager they need. At the same time, the number of managers is unlimited, and by distributing investments among several traders, the investor can diversify their risks. The transparency of PAMM accounts means that investors 'funds do not go to the managers' accounts, but remain in the owners ' accounts, so investors do not have to worry about the security of their funds. Moreover, the investor can set the drawdown and profit levels at which the investment will be detached. Thus, LiteForex is a decent company with transparent trading conditions, but its own specialthere are some issues that should be taken into account so that there are no problems with the support service later. The advantages include the presence of various bonuses and contests that help you quickly get used to the initial stage of acquaintance with Forex. For example, there is a "Bring a friend 2.0" promotion, where you can get $ 15 for a friend you bring, $ 10 for a second-level friend, and $ 5 for a third-level friend, as well as a 30% bonus for adding funds to a new account. In addition, regular contests are held among owners of demo accounts and partner accounts with real cash prizes.

LiteForex FAQ

How do I open a LiteForex account?

1. Log in to the client's Accountusing your username (email) and password from the LiteForex client's account. Go to " Settings "(the menu is available by clicking the arrow next to your name). Find the "My profile" line and click the "Edit" button.
2. Top up your trading account that you are going to provide for copying in the "Finance" section"
3. Set up an invoice: set your profit share, make the account available for copying in the rating of traders, write some information for Copying traders about your trading strategy.

Is LiteForex broker reliable?

The broker has been operating since 2005 and is regulated by CySEC.