Score

2.33 /10
Danger

LiteForex

Cyprus

10-15 years

Regulated in Cyprus

Straight Through Processing(STP)

MT4/5 full license

Global Business

High potential risk

Benchmark

B

Influence

A

Influence

E

Open Account
Website

Score

License Index0.00

Business Index8.56

Risk Management Index0.00

Software Index8.08

Regulatory Index0.00

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

Benchmark

B

Influence

A

Influence

E

Website
Open Account

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open for free

Broker Information

More

Company Name

Liteforex (Europe) Limited

Company Abbreviation

LiteForex

Platform registered country and region

Cyprus

Company website

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away! 2
Previous Detection : 2022-09-28
  • 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 61 for this broker in the past 3 months, please be aware of the risk and the potential scam!

WikiFX Verification

LiteForex · Benchmark
Average transaction speed(ms)
450.3
The highest transaction speed(ms)
125 Good
The highest speed of opening positions(ms)
125 Good
The highest speed of closing position(ms)
156 Good
The lowest speed of opening positions(ms)
1906
The lowest speed of closing position(ms)
1998 Poor
Ranking: 82 / 120
Test user 298
Transactions 5,700
Ocuppied margin $1,848,768 USD
Data Source WikiFX Data provide
Updated: 2022-08-31 23:08:00
Pyramid scheme complaint
Expose
    Sources

    News

    NewsWIKIFX REPORT: LiteFinance Opens New Regional Representative Office in Singapore

    LiteFinance (previously LiteForex), a retail forex and CFDs broker, has expanded its presence in Asia with the opening of a new regional representative office in Singapore.

    WikiFX
    2022-08-15 18:50
    WIKIFX REPORT: LiteFinance Opens New Regional Representative Office in Singapore

    NewsWIKIFX REPORT: LiteFinance – Over 16 Years On The Market

    LiteFinance is a high-tech reliable ECN broker with a strong reputation. Our clients can exploit a safe user-friendly online platform for high-speed trading available in 15 global languages and providing access to a great deal of in-built tools for price chart analysis. The fans of the most popular trading platform MetaTrader 4/5 can use it as well.

    WikiFX
    2022-08-15 18:39
    WIKIFX REPORT: LiteFinance – Over 16 Years On The Market

    NewsWIKIFX 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
    2022-06-30 12:19
    WIKIFX REPORT: Advantages of Trading with LiteFinance ECN Broker

    NewsWIKIFX 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
    2022-06-30 12:14
    WIKIFX REPORT: LITEFINANCE LAUNCHES NEW MOBILE APP ON GOOGLE PLAY

    NewsWikiFX 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
    2022-05-20 17:32
    WikiFX report: LiteForex Reduces Gold Trading Spreads

    NewsWikiFX report: LITEFOREX OFFICIALLY CHANGES BRAND NAME TO LITEFINANCE

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

    WikiFX
    2022-05-20 17:21
    WikiFX report: LITEFOREX OFFICIALLY CHANGES BRAND NAME TO LITEFINANCE

    NewsLiteForex Rebrands to LiteFinance Ahead of Global Expansion

    The broker is planning to obtain operating licenses in new jurisdictions.

    WikiFX
    2022-02-11 11:25
    LiteForex Rebrands to LiteFinance Ahead of Global Expansion

    NewsLiteFinance Faces Technical Issues in Company Servers

    According to the company, the server hardware provider faced a global technical failure. MT4 trading servers have been successfully restarted.

    WikiFX
    2022-01-12 15:25
    LiteFinance Faces Technical Issues in Company Servers

    NewsElliott wave Bitcoin analysis

    The BTCUSD market is forming a simple descending zigzag [A]-[B]-[C], with the first wave [A] completed inside as a bearish impulse composed of five major sub-waves (1)-(2)-(3)-(4)-(5).

    WikiFX
    2021-12-16 14:15
    Elliott wave Bitcoin analysis

    NewsLiteForex Review 2021: Must Read Pros, Cons, & Ratings

    LiteForex is a CySEC regulated Forex & CFD broker. Our review covers the MT4 & MT5 platforms, deposits & withdrawals, and more. Sign-up and trade today.

    WikiFX
    2021-12-16 11:12
    LiteForex Review 2021: Must Read Pros, Cons, & Ratings

    NewsThe benefits of trading with the LiteForex broker

    Liteforex (Europe) Limited is a reliable Company with a flawless reputation that has worked in the sphere of Forex trading since 2008. Liteforex (Europe) Limited owes its leadership to its multiple advantages that set it apart from most brokers.

    WikiFX
    2021-12-11 21:27
    The benefits of trading with the LiteForex broker

    NewsLITEFOREX SWITCHES CRYPTOCURRENCY TRADES TO ‘CLOSE ONLY’ MODE

    The lineup of forex brokers that are planning to restrict trading on cryptocurrencies due to overexposure to its recent volatility are seemingly growing bigger. Among the latest entries into this group of brokers is retail forex platform LiteForex‎.

    WikiFX
    2021-12-08 18:02
    LITEFOREX SWITCHES CRYPTOCURRENCY TRADES TO ‘CLOSE ONLY’ MODE
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    ※ The content of this website abides with local laws and regulations.
    You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
    consumer hotline:006531290538
    Official Email:support@wikifx.com;
    Mobile Phone Number:234 706 777 7762;61 449895363
    Telegram:+60 103342306
    Whatsapp:+852-6613 1970;+44-7517747077
    License or other information error corrections, please send the information to:qawikifx@gmail.com
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