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LiteForex LiteForex Review

Lite Forex Review & Rating | Lite Forex Broker | liteforex.org trading

Headquarters: 306 Victoria House, Victoria, Mahe 

Country: Seychelles 

Regulated by: None

Trader's rate 3.8
Editor's rate 3.6

 

LiteForex Account:

minimum deposit: $10

minimum lot size: $100

max leverage: 500:1

 

RealForex Account:

minimum deposit: $10

minimum lot size: 1k

max leverage: 200:1

 

Spread:

Fixed, 3 pips

 

Deposit/Withdraw

WebMoney, Moneybookers, Liberty Reserve and AlertPay

  

Platform:

Metatrader 

 

Forex VPS

1st month is free!

Spread

Fixed spreads: EUR/USD - 3 | GBP/USD - 4 | USD/CHF - 4 | USD/JPY - 3

Pros

Cons

Fixed spreads

No Commissions 

Wide Spreads

 

Slippage

Pros

Cons

No slippage during normal market conditions

 

Slippage during news releases

 

Requotes

Pros

Cons

No 

Frequent requotes even during normal market conditions 

Price feed

Pros

Cons

No Fractional Pips

 

Slightly lagging quotes

 

Platform

Pros

Cons

Metatrader 4.0

Very intuitive and easy to handle

Decent charts

Autotrading

Custom indicators

Mobile ready 

Trailing stop is server based

No Web Platform

 

 

 

 

Deposit/Withdraw

Deposit

Withdraw

Bank Wire

Paymer

CashU

AlertPay

Liberty Reserve

MoneyBookers

 

Bank Wire

Paymer

CashU

AlertPay

Liberty Reserve

MoneyBookers 

 

Customer service

Pros

Cons

Phone

Live Chat

Request a call

ICQ

E - mail 

No

 

 

 

 

Summary

Pros

Cons

$1 to open account

Fixed spreads

Metatrader 

 

Wide spreads

Lagging quotes

Requotes

No regulation 

Traders` reviews for LiteForex Add review

Nice!

These guys are good broker. I am totally satisfied with their services, especially tech. support.

Cid 12/21/2011

Good broker

Solid choice. Their bonuses are good, their execution is quite fast. I don't have high demands for brokers so that's all I need - and I am satisfied.

Corvax 12/19/2011

Good support

I received good help from LiteForex tech support staff. My problem was solved in half hour, which is incredible. Nicely done, guys.

Jersey 12/19/2011

My lucky star

I guess my lucky star is with that broker. At least this is the only broker I've made profit with. Maybe I have earned experience, I don't know - anyway, they have fast execution and friendly support, so I am glad I am using their services!

Ann 12/16/2011

Very Good

Hello. Sory for such a boring comment, but my opinion is that LiteForex is good and reliable company. I've traded there for quite some time, and I liked it. I can recommend it.

Sergey 12/16/2011

Lite Forex: Excellent execution, speed and so on

excellent execution, speed and so on. great support, very hlpful and competent and easy to reach. withdrawal of profits takes up to 3 days, deposit is instant.

Joseph 06/10/2011

LiteForex: Take part in a new promotion practically every month

Great company. I'm fully satisfied. An excellent broker doing a fantastic job and provide great service. They have lots of bonuses; you can take part in a new promotion practically every month. Very userfriendly website with a number of tools such as economic calendar and so on. The company offers trading indicators from its own ‘trading laboratory’ which is absolutely free for the clients of LiteForex.

biggreenarcher 03/14/2011

Lite forex give me endless stream of requotes

Stay clear of these people.

As soon as you want to trade real money there is an endless stream of requotes that take away your advantage. Or after waiting for minutes, during which you can not trade of course, you get other messages like off quote, invalid slip or TP, Trade desk busy (What the &^%$!!!!).

Stop and limit orders are not always executed even when enough money is on your account. Trades are inexplicably closed and they can prove the order came from your computer. Has happened to me several times and all I did was change a TP setting.

PLEASE BEWARE. I give them no stars.

Geert Anthonis 02/08/2011

Lite Forex offers quick withdrawals and nice cabinet

Started trading with them in 2007 – can say that support is sometimes slow but the platform works very quick and nice. Also very convenient trading cabinet, more features than with other brokers, very comfortable. Did some withdrawals - always went quick.

Pat 08/26/2010

LiteForex is an excellent broker, very friendly customer service

LiteForex is an excellent broker. When I was in trouble I found that the customer service was very friendly and helpful and my problem was fixed very quickly. It’s easy to deal with them. They have variety of billing options. You can deposit fund in real account via electronic payment systems as well as via bank wire and the client can instantly access the account with full fledged forex trading facility. I would rate them outstanding!

AlexP 08/05/2010

Lite Forex - Fast execution and payout

The company is not bad. Fast execution and pyouts, helpful support. I’ve been requoted several times, but most of the time it’s very pleasant to trade with them. I enjoy how they work.

Will 07/22/2010

I've been with Lite Forex for 3 years

Excellent company. I've been with them for 3 years and so far everything was going fine. I'm not a novice and generally I am winning more than losing so for me they are good.

Wanderer 07/16/2010

Terrible broker.
Slow server. Impossible to make profits. Every time requote price even with 20 pips deviation. Very hard to close order too until negative then it will close. Requote, invalid price, time expired and all sorts of messages come out.
My honest advice to all of you. avoid this broker.

Gondol, earnforex.com 10/30/2009

Mixed feelings after trading with them for some time now. Like others, I notice occasional price shifts compared to other brokers. And I got quite a few requotes, even in rather quiet market conditions (of course only if the price had moved against me... ;-) ). So change that or lower your spreads.

Positive: platform has been stable so far, deposits etc are handled quickly and professionally.

Martin, FPA 10/30/2009

This broker is a joke,
Not only i got problem with depositing fund, i got problem when i requesting for a withdrawal as well,
they gave me so much hussle and takes time, seems like money going in wont coming out from their pocket.
1 star for Lite forex. I stop using it since today.

S Kuhan, earnforex.com 10/30/2009

Have been trying to hold this back but i really have to say this'liteforex are simply criminals putting in place loosing scemes such as closing s/l before it's stop and playing pranks with spreads.is there anyone who can pls recommend another better broker cause these guys are dubious.

Ola, FPA 10/30/2009

I have been using this broker for a month now, I have to say I have amost instant balance traansfers in.
Sometimes I have re-quotes which does flag up some broker intervention on my trades but not often.
Someone said they were not profitable, dont know what they meant by that. Was it thier trade not profitable, or the broker. I have to say I have made good profit with them so far - without problems.
I would say this broker is good for me.

Ian, earnforex.com 10/30/2009

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.

Mandy, forex-learning-site.com 10/30/2009

I've been trading with Liteforex for over a year now and they are fine in overall. I've withdrawed almost 10 times now and every time got my money in few days.
Spreads don't widen and the spreads are ok, they let you deposit/withdraw with e-curriencies and bank wire and the customer service seems to work well... and they let you withdraw every time. They accept every type of trading, even scalping and hedging.
But I would hope they would requote less and the feed is abit better on other brokers.

Michael, earnforex.com 10/30/2009

So far, everything wit LiteForex is going great. I made a deposit via Credit Card/Alertpay and their system picked it up immediately in MetaTrader 4. I made a small withdrawal of $45 to see if they would pay to Alertpay, and they actually managed to do it. I use Forex Expert Advisors, I'm not a Scalper or News Trader, so for me they are working fine. The Servers operate decently. They may not be top-of-the-line servers, but they run satisfactory.

Mike Sandy, FPA 10/30/2009
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