LiteForex Complete Review 2022

What is LiteForex

LiteForex Investments Limited is a well-known CFD and forex brokerage. Clients can use a variety of deposit and withdrawal methods to trade on the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. This broker review will provide information about the sign-up process, contacting customer support, bonuses, and leverage, allowing you to make an informed decision.

In 2005, LiteForex Investments Limited was established. It has 500,000 customers worldwide and its headquarters are in the Marshall Islands. The organization also has offices in the Philippines, Kenya, Myanmar, Tanzania, Ghana, Nicaragua, India, Indonesia, Vietnam, Iran, and a new office in Lagos, Nigeria. The owner has ensured that the website and platform are available in English and 14 other languages to cater to its global audience.

Pros

LiteForex Investments Limited receives high marks in the following categories:

• Licensed

• Copies of trade services

• Platform for social trading

• APIs for automated trading

• In 2022, there will be positive customer feedback.

• Asset diversity and trading tools

Cons

The main disadvantage is that some users have reported being unable to withdraw funds. Fortunately, the customer support team appears to be quick to respond to reported withdrawal issues. Another disadvantage is the lack of PAMM accounts.

Is LiteForex a Regulated Broker？

LiteForex Investments Limited is a Marshall Islands company registered under the Marshall Islands Business Corporation Act (registration number 63888).

Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960 is the company's address.

Market Instruments that LiteForex is Offering？

All account holders have access to the following trading assets:

• Currency – FX trading is available 24 hours a day, 7 days a week on major, minor, and exotic pairs.

• Commodities – Trade gold and oil on a 14/5 basis with consistent liquidity.

• Global stock indices – Trade CFDs on major global indices such as the S&P 500. (Dow Jones)

• Cryptocurrency – Popular cryptocurrency pairs, such as Bitcoin, offer an alternative to traditional markets.

Trading Platforms

MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms are available from LiteForex Investments Limited. These systems, which were developed in 2005 and 2010, respectively, have become the leading platforms for online forex and CFD trading.

The platforms can be downloaded to either a Mac or a PC. Alternatively, you can trade directly from an online browser using the WebTrader interface. The setup and verification processes are simple and straightforward, allowing users to begin trading within minutes.

Both downloadable platforms are easy to use, and the web terminal allows for extensive customization. They include a variety of chart types, including line, candlestick, and bar charts. MT5 includes more indicators and advanced analysis tools, such as an integrated economic calendar, 21 timeframes, and a Depth of Market feature. Nonetheless, MetaTrader 4 is the most popular platform and contains everything required to implement successful trading strategies.

Mobile App

Mobile trading is supported by the MT4 and MT5 platforms. The apps are free to download for both Android (APK) and Apple (iOS) devices. For various trading strategies, users receive signals, news alerts, and a variety of price analysis features. The mobile apps are also simple to use and come in eight different languages.

Types of Accounts

ECN Account

LiteForex Investments Limited recommends the real-trading ECN (Electronic Communications Network) account for professional traders and investors. The account pays a 2.5 percent interest rate on surplus funds, has an unlimited transaction duration, and trades are delivered directly to liquidity providers. ECN account holders can only use the MT4 platform.

Classic Account

Experienced traders can use the Classic account. Surplus funds receive no interest, and no commissions are charged. The trading platforms MT4 and MT5 are both available. To create an account, go to the top right-hand corner of each page and click 'Registration.'

Both have advantages and disadvantages, so do your homework. Because accounts correspond to different servers, changing the account type after it has been opened is not possible; to do so, you must delete the account.

A Forex Islamic account is a halal trading account that is available to traders who are prohibited from trading in interest rates due to religious beliefs.

Payment Methods

Traders can deposit funds directly into their LiteForex Investments Limited account by using the following methods:

• Debit/credit card (Visa & Mastercard)

• Transfer by bank

• WebMoney

• CentrePay

• Neteller

• Skrill

Alipay, Yandex, and Dengi are among the deposit methods available. All accounts require a $50 minimum deposit, and payments are usually processed the same day. Customers can also fund their accounts with cryptocurrencies like Bitcoin.

LiteForex Investments Limited provides an automatic withdrawal feature that allows traders to withdraw up to $100 per day within 24 hours and is available on Skrill, Perfect Money, and Neteller. Withdrawal fees vary depending on the provider.

Commissions & Spreads

The spread is used to calculate the fee charged by LiteForex Investments Limited. Spreads differ depending on the account and asset being traded. The Classic account employs a spread-based system, whereas the ECN account employs a commission-based system. The commission is $5 per lot.

Spreads are generally competitive, although major currency pair spreads can be as high as 2 pips. Spreads on major indices, such as the FTSE 100, start at one point.

Leverage

There is leverage available up to 1:500. Users can choose the level of leverage they want when they sign up. The margin call procedure is described in detail on the broker's website in the FAQ section.

Trading Hours

Trading platforms are available and usable 24 hours a day, seven days a week; however, certain markets only allow trading during specific hours. This is something to keep in mind when trading stocks over the weekend, as margins are likely to be lower and profitability reduced.

The LiteForex Investments Limited news blog reliably communicates any changes to standard trading hours. Check for the server time where you are located as well.

Customer Support

Access to advice is available through the live chat feature accessible via the chat logo on the LiteForex Investments Limited website. The live chat icon will appear in the bottom right-hand corner of the screen once users have passed the login page. Traders can also contact customer service representatives by:

• Clients@liteforex.com is the email address.

• 88007072963 is the phone number.

Most questions can be answered by customer service, including those concerning internal transfers and administrative issues.

LiteForex updates and forums can also be found in the following websites:

• Facebook

• Instagram

• Twitter

• YouTube

• LinkedIn

• Telegram

Safety and Security of your Investment

LiteForex Investments Limited provides a safe and secure platform, with firewalls and isolated servers. LiteForex Investments Limited suggests using a VPS to manage trades while users' devices are turned off. It does not require an internet connection or a power supply and provides some security to web traders.

LiteForex Accepted Countries

LiteForex Investments welcomes traders from Australia, Thailand, Canada, South Africa, Singapore, Hong Kong, India, Norway, the United Arab Emirates, Saudi Arabia, Kuwait, Qatar, and the majority of other countries.

Traders from the United States, Japan, Israel, Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, and the United Kingdom are not permitted to use LiteForex Investments.

LiteForex Alternatives

If you're looking for LiteForex Investments alternatives, we've compiled a list of the top 5 brokers that are similar to LiteForex Investments below. This list of brokers similar to LiteForex Investments is sorted by similarity and only includes firms that accept traders from your location.

• RoboForex – RoboForex is a multi-asset online broker that provides effective trading tools.

• OctaFX – OctaFX provides multi-asset trading across multiple platforms and mobile solutions.

• FBS – FBS is a leading online broker that provides MT4 and MT5 trading across a wide range of instruments.

• FP Markets – FP Markets is a multi-asset broker that offers several trading platforms.

• Admiral Markets – Admiral Markets is a leading Forex and CFD broker that provides the MT4 and MT5 trading platforms.

FAQS about LiteForex

Is LiteForex a reliable broker？

Yes, it has over a decade of industry experience and is backed up by a solid reputation and positive customer feedback.

Is automated trading available at LiteForex？

Yes, automated trading is available through LiteForex Investments Limited. EA trading robots are a popular option, and the broker's website includes instructions on how to begin incorporating them into your trading strategies.

Is there a LiteForex demo account available？

Yes, LiteForex Investments Limited has a demo account available. It is an excellent way to become acquainted with the MT4 and MT5 platforms and to experiment with various strategies.

Is copy trading available at LiteForex？

Yes, in order to begin copy trading, users must have an account with a minimum balance. To find out more about any trader, go to the 'Traders' section.