Headquarters: 306 Victoria House, Victoria, Mahe
Country: Seychelles
Regulated by: None
3.8
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:
1st month is free!
Fixed spreads: EUR/USD - 3 | GBP/USD - 4 | USD/CHF - 4 | USD/JPY - 3
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Pros |
Cons |
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Fixed spreads No Commissions |
Wide Spreads
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Pros |
Cons |
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No slippage during normal market conditions
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Slippage during news releases
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Pros |
Cons |
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No |
Frequent requotes even during normal market conditions |
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Pros |
Cons |
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No Fractional Pips
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Slightly lagging quotes
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Pros |
Cons |
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Metatrader 4.0 Very intuitive and easy to handle Decent charts Autotrading Custom indicators Mobile ready |
Trailing stop is server based No Web Platform
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Deposit |
Withdraw |
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Bank Wire Paymer CashU AlertPay Liberty Reserve MoneyBookers |
Bank Wire Paymer CashU AlertPay Liberty Reserve MoneyBookers
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Pros |
Cons |
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Phone Live Chat Request a call ICQ E - mail |
No
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Pros |
Cons |
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$1 to open account Fixed spreads Metatrader
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Wide spreads Lagging quotes Requotes No regulation |
Solid choice. Their bonuses are good, their execution is quite fast. I don't have high demands for brokers so that's all I need - and I am satisfied.
I received good help from LiteForex tech support staff. My problem was solved in half hour, which is incredible. Nicely done, guys.
I guess my lucky star is with that broker. At least this is the only broker I've made profit with. Maybe I have earned experience, I don't know - anyway, they have fast execution and friendly support, so I am glad I am using their services!
excellent execution, speed and so on. great support, very hlpful and competent and easy to reach. withdrawal of profits takes up to 3 days, deposit is instant.
Great company. I'm fully satisfied. An excellent broker doing a fantastic job and provide great service. They have lots of bonuses; you can take part in a new promotion practically every month. Very userfriendly website with a number of tools such as economic calendar and so on. The company offers trading indicators from its own ‘trading laboratory’ which is absolutely free for the clients of LiteForex.
Stay clear of these people.
As soon as you want to trade real money there is an endless stream of requotes that take away your advantage. Or after waiting for minutes, during which you can not trade of course, you get other messages like off quote, invalid slip or TP, Trade desk busy (What the &^%$!!!!).
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.
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.
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!
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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