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    Negative

    LiteForex

    • Cyprus Cyprus
    • 10-15 years
    • Regulated in Cyprus
    • Straight Through Processing(STP)
    • MT4/5 full license
    • Regional Brokers
    Open Account
    WikiFX Score
    Comparison

    The WikiFX Score of this broker is reduced because of too many complaints! The WikiFX Score of this broker is reduced because of too many complaints! The WikiFX Score of this broker is reduced because of too many complaints!

    VPS Standard

    No restriction on the broker account. Provide service support by WikiFX

    • Single Core

    • 1G

    • 40G

    Open for free

    Broker Information

    Company Name

    Liteforex (Europe) Limited

    Phone of the company

    0035725750555

    Customer Service Email Address

    support@liteforex.eu

    Company address

    First Floor, First St Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines

    Pyramid scheme complaint
    Expose

    Check whenever you want

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    Warning: Low score, please stay away! 2
    2022.07.05

    The WikiFX cloud system has verified this broker has way too many complaints, and it is in the WikiFX complaint blacklist; please be aware of the risk!

    The number of the complaints received by WikiFX have reached 57 for this broker in the past 3 months, please be aware of the risk and the potential scam!

    • Account
    • Benchmark
    Comparison
    Trading software
    • CLASSIC
    • ECN
    • Benchmark C
    • Maximum Leverage --
    • Minimum Deposit $50
    • Minimum spread from 2.0 points
    • Products --
    • Currency --
    • Benchmark C
    • Maximum Leverage --
    • Minimum Deposit $50
    • Minimum spread from 0.0 points
    • Products --
    • Currency --
    • Currency --
    • Minimum position 0.01
    • EA supported
    • Depositing Method --
    • Withdrawal Method --
    • Commission --
    • Currency --
    • Minimum position 0.01
    • Depositing Method --
    • Withdrawal Method --
    • Commission --
    • Marketing Strategy
    Subscribe to VPS now

    Delivery Index

    Mkt. Analysis

    Material

    Ad Brand

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    Brokers WIKIFX REPORT: Advantages of Trading with LiteFinance ECN Broker

    Why do thousands of traders around the world choose LiteFinance for online trading? In this article, you will learn about the benefits of working with an ECN broker.

    WikiFX
    2022/6/30 4:21:13
    WIKIFX REPORT: Advantages of Trading with LiteFinance ECN Broker
    Brokers WIKIFX REPORT: LITEFINANCE LAUNCHES NEW MOBILE APP ON GOOGLE PLAY

    The mobile app allows users to trade and copy professional traders’ positions and gain access to trading chat rooms.

    WikiFX
    2022/6/30 4:17:18
    WIKIFX REPORT: LITEFINANCE LAUNCHES NEW MOBILE APP ON GOOGLE PLAY
    Brokers WikiFX report: LiteForex Reduces Gold Trading Spreads

    With the reduced spread, the trading cost is lower and LiteForex client could focus more on managing their account balance. Here are the details.

    WikiFX
    2022/5/20 9:35:10
    WikiFX report: LiteForex Reduces Gold Trading Spreads
    Brokers WikiFX report: LITEFOREX OFFICIALLY CHANGES BRAND NAME TO LITEFINANCE

    Retail forex broker LiteForex‎ today announced in a corporate statement its official rebranding to ‎LiteFinance.‎

    WikiFX
    2022/5/20 9:24:44
    WikiFX report: LITEFOREX OFFICIALLY CHANGES BRAND NAME TO LITEFINANCE
    Brokers LiteForex Scores an Amazing Hat-Trick at the Global Brands Magazine "Forex" Awards

    LiteForex was recognised as the "Best ECN Broker, Africa", "Best Copy Trading Platform, Southeast Asia" and "Best Retail Forex Trading Platform, MENA" by Global Brands Magazine during the 2020 Forex Awards Program.

    WikiFX
    2022/2/11 3:48:55
    LiteForex Scores an Amazing Hat-Trick at the Global Brands Magazine "Forex" Awards

    LiteForex

    Please download WikiFX APP

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    Cyprus Securities and Exchange Commission

    Cyprus Securities and Exchange Commission (CYSEC)

    The Cyprus Securities and Exchange Commission (CySEC) was established in accordance with section 5 of the Securities and Exchange Commission (Establishment and Responsibilities) Law of 2001 as a public legal entity. It is an independent public supervisory Authority responsible for the supervision of the investment services market, transactions in transferable securities carried out in the Republic of Cyprus and the collective investment and asset management sector. It also supervises the firms offering administrative services which do not fall under the supervision of ICPAC and the Cyprus Bar Association.

    • Licensed Institution :

      Liteforex (Europe) Ltd

      Effective Date :

      2008-08-08
    • Email Address of Licensed Institution :

      liteforex@liteforex.eu

      License Type:

      No Sharing
    • Website of Licensed Institution :

      www.liteforex.eu,www.liteforex.pl,de.liteforex.eu,es.liteforex.eu,fr.liteforex.eu,it.liteforex.eu,pt.liteforex.eu,ru.liteforex.eu,social.liteforex.eu

      Expiry Date :

      --
    • Address of Licensed Institution :

      124 Gladstonos Street, The Hawk Building, 4th floor, 3032, Limassol

      Phone Number of Licensed Institution :

      35725750555
    • Licensed Institution Certified Documents :

      Annex1 Annex2

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    LiteForex

    根據香港證券及期貨事務監察委員會的規定

    為確保您查看資訊及時性和準確性,我們將為您跳轉到相關的監管資訊頁面

    WikiFX·pyramid scheme complaint
    1  Know about pyramid scheme  >
    2  Pyramid scheme complaint   >
    3  Done
    1. What is pyramid scheme complaint?
    With the continuous development of the forex market, more and more Ponzi schemes have poured in, and global investors have suffered greatly. WikiFX has set up a complaint channel in order to ensure the funds security and prevent more scams. We sincerely invite foreign exchange investors to report such fraud platforms and jointly purify the market environment!
    2. 10 Features of Pyramid Scheme
    High Profit Promised Level Marketing Required Multi-level Marketing False Advertising Master Trader Awarded 'Datuk' Brainwashing-style training Fake Regulation Copycat of other platforms Marketing & PR campaigns
    Report immediately
    Report This Platform
    LiteForex
    * Contact number
    0086
    *Enter your phone number
    *Reporting Reasons

    *Enter your reason
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    Confirm to Submit

    Submit successfully!

    You can check the real-time processing progress in 'User Center-My Release-Ponzi Scheme'

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    LiteForex · Company summary

      General Information & Regulation

      Liteforex is the trading name Liteforex (Europe) Limited which registered with address: 1 Vasileos Georgiou A Street, Monastiraki Center, Office 1, Potamos Germasogeias, 4040, Limassol, Cyprus, launched in 2005. Liteforex (Europe) Limited, is registered as a Cyprus Investment Firm (CIF) with the registration number HE230122 and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 093/08 in accordance with Markets in Financial Instruments Directive (MiFID).

      Market Instruments

      Investors can trade all popular currency pairs and cross rates, precious metals, crude oil, stock indices, stock CFDs, and cryptocurrencies through Liteforex broker.

      Liteforex Minimum Deposit

      There are two acocunt types are listed on Liteforex platform: the Classic Accounts and the ECN accounts. The Classic account requires a minimum deposit of $50 and a 30% tradable bonus on deposits, and the ECN account requires the same initial deposit amount but with a 2.5% annual account interest. Additionally, a demo account is alos available.

      Liteforex Leverage

      Trading leverage depends on various instruments. The maximum leverage for major currency pair is up 1:30, up to 1:20 for minor currency pairs and major indices, 1:20 for XAUUSD, 1:10 for XAGUSD, 1:10 for USCrude and UKBrent.

      Spreads & Commissions

      Liteforex calculates trading costs all into spreads. The minimum spread for the classic account is 2.2 pips for EURUSD, 2.3 pips for GBPUSD, 6.4 pips for XAUUSD, 6.2 pips for XGUUSD, 0.9 pips for USOil, 0.9 pips for UKOil, 10.6 pips for S&P500, 4.1 pips for Stocks, and 1.0 pips for Bitcoin. The minimum spread for BitUSD is 1316.0 pips. The minimum spread for ECN accounts is 0.1 pips for EURUSD, 0.3 pips for GBPUSD, 1.5 pips for XAUUSD, 1.0 pips for XGUUSD, 0.3 pips for USOil, 0.3 pips for UKOil, 0.6 pips for S&P 500, with its commission of US$5. The spread for BitUSD is 1316.0 pips, and the minimum spread for stocks is 0.1 pips.

      Trading Platform

      Liteforex offers traders the market-leading and popular MT4 and MT5 trading platforms, as well as MT4 Windows PC, MT4 Mac PC, MT4 Multi-Terminal Edition, MT4 iOS/iPad, MT4 Android, MT5 Windows PC, MT5 Mac PC, MT5 iOS/iPad/iPad, and MT5 Android, for users to make flexible choices.

      Deposit & Withdrawal

      Traders can deposit and withdraw funds via VISA & MASTERCARD credit cards, bank wire transfers, local deposits, Skrill, Neteller, Perfect Money, WebMoney, Alipay, and Bitcoin cryptocurrencies with a minimum deposit of $10. Liteforex will provide users with a certain amount of bonus, for the refund of fees incurred by the payment.

      Customer Support

      Customer service can be accessed 24/5 via live chat, and e-mail and phone support 12/5. LiteForex maintains a multi-lingual support team, while the FAQ section answers the most common questions. Traders are unlikely to require any assistance, as this broker explains most aspects well. In case of unforeseen events, it remains easy to receive help

    Risk Warning

    The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.

    Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click 'Complaints 'and 'Correction' to inform us. We will check immediately and release the results.

    Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.

    Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.