LiteForex forex broker review and detailed information
How does LiteForex compare with its competitors? Check out also our comprehensive and fully interactive comparison of forex brokers. If you do not know what the terms in the following tables mean, read the tutorial about forex brokers first.

Basic information about LiteForex
| Website | Visit LiteForex |
| Type | No dealing desk (NDD) |
| Regulated by | SIBA |
| Country | Seychelles |
| Established in | 2005 |
| Live chat | yes |
Trading terms
| Commission (pips) | 0.00-0.00 |
| Fixed spread | yes |
| Variable spread | yes |
| Spread on majors (pips) | 0.0-3.0 |
| Leverage | 500:1 |
| Minimum deposit (USD) | 1 |
| Minimum trade size (USD) | 1000 |
| Accepts scalping |
Available features
| Number of currency pairs | 43 |
| Precious metals (gold & silver) | yes |
| Oil | no |
| Stocks, Indices, and/or CFDs | yes |
| Hedging | yes |
| Trailing stop | yes |
| Free automated trading | yes |
| MetaTrader 4 | yes |
| Mobile trading | yes |
Forex account
| Demo account | yes |
| Interest on unused balance | yes |
| Islamic swap-free accounts | yes |
| Accepts U.S. citizens | yes |
| Payment by Bank wire | yes |
| Payment by Credit card | no |
| Payment by PayPal | no |
| Payment by check | no |
| Other payment options | AlertPay, Liberty Reserve, MoneyBookers, WebMoney |
| Account in USD | yes |
| Account in Euro | no |
| Account in GBP | no |
| Account in CHF | no |
| Account in JPY | no |
| Account in AUD | no |
| Account in CAD | no |
| Account in NZD | no |
| Account in CZK | no |
| Account in DKK | no |
| Account in HKD | no |
| Account in ILS | no |
| Account in NOK | no |
| Account in PLN | no |
| Account in RMB | no |
| Account in RUR | no |
| Account in SEK | no |
| Account in SGD | no |
| Account in ZAR | no |
Languages
| Arabic | yes |
| Chinese | yes |
| Czech | no |
| Dutch | no |
| English | yes |
| French | yes |
| German | yes |
| Greek | yes |
| Hebrew | yes |
| Indonesian | no |
| Italian | no |
| Japanese | yes |
| Korean | no |
| Malaysian | yes |
| Polish | no |
| Portuguese | yes |
| Russian | yes |
| Spanish | yes |
| Turkish | yes |
LiteForex forex trading account registration
LiteForex customer reviews
Are you a satisfied customer? Or you want to share a scary story? Tell the world about your real-life experience with this forex broker! While writing your review, please also specify for how long time you have been trading with them and what trading style you use (for example news trading, grid trading, scalping, etc.). Readers with a similar trading strategy will pay more attention to your comment. Only genuine broker reviews will be published; posts promoting a website and generic comments will be removed.
Bruce
2011-08-02
No complaints at all. Geert deposits and withdrawals always take time and are not the fault of the broker. Made good money with them. I recommend them for beginners.
Geert
2011-02-08
I have to review my previous posting.
STAY CLEAR OF THESE GUYS.
Endless requotes as soon as you start to trade real money. Buy and sell stop and limit orders are not executed even when enough money is on your account. Unexplained delays in deposits of money.
Please beware.
Geert from Kaohsiung Taiwan
2011-01-20
After reading the reviews I thought it might be just for me. Too many people complain about it. Well it turned out I was right. Their system is awkward and counter intuitive but I find that seems to help me. I have lost more than 10000 Euro on AVAfx and FXCM. Yet on LiteForx in 2 days I have turned a 50% profit.
So this system is not for everyone but is sure fits me to a tee.
Peter from Slovakia
2010-08-10
I trade with LiteForex for more than a year. It is a good broker to trade with (but not excellent), they lowered spreads on 2-4 pips on majors, but sometimes there are many re-qoutes making you another 2 pips slippage.
Reut Yanekovich
2009-05-18
Great broker, traded for 7 weeks then withdrew in 2 days, never got a complaint. Very recommended
Mandy from Canada
2009-01-10
I didn't experience any problems with LiteForex. I made a deposit via E-gold and the money appeared immediately in MetaTrader 4. Withdrawals via E-gold are also fast. My two withdrawals of $250 and $300 took less than a day. I use S/L and didn’t see any stop hunting. I believe LiteForex is an honest broker. Just FYI, I don’t trade news and I use expert advisors in MT.
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