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Score

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/10
The WikiFX Score of this broker is reduced because of too many complaints!

LiteForex

Cyprus|15-20 years| Benchmark C|
Regulated in Cyprus|Straight Through Processing(STP)|MT4/5 full license|Regional Brokers|High potential risk|

https://www.liteforex.eu/

Website

Rating Index

Benchmark

Benchmark

C

Average transaction speed (ms)

425.2

MT4/5

Full License

LiteFinance-ECN2.com

United Kingdom
MT4
139

Influence

A

Influence index NO.1

Cyprus 7.53
The WikiFX Score of this broker is reduced because of too many complaints!

Benchmark

Speed:A

Slippage:C

Cost:A

Disconnected:AA

Rollover:D

MT4/5 Identification

MT4/5 Identification

Full License

139
Server Name
LiteFinance-ECN2.com MT4
Server Location United Kingdom

Influence

Influence

A

Influence index NO.1

Cyprus 7.53

Surpassed 49.31% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

+357 25-750-555
support@liteforex.eu
https://www.liteforex.eu/
First Floor, First St Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines

Licenses

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

Single Core

1G

40G

Open Now

Disclosure

More

Danger

ID BAPPEBTI
2022-09-20
"Bappebti Blocks 760 Website Domains, Reminds of the Risk of Transactions in Unlicensed PBK Entities"
LiteForex
OctaFX
Globalanalytics

Danger

ID BAPPEBTI
2022-02-02
Ministry of Trade Blocks 1,222 Illegal Commodity Futures Trading Websites
LiteForex
Proton Markets
RCPro

Danger

MY SCM
2022-01-01

Contact number

English

+357 25-750-555

Broker Information

More

Company Name

Liteforex (Europe) Limited

Company Abbreviation

LiteForex

Platform registered country and region

Cyprus

Company website

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

WikiFX Risk Alerts
Previous Detection : 2024-03-29
  • The number of the complaints received by WikiFX have reached 20 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)
425.2
The highest transaction speed(ms)
3 Perfect
The highest speed of opening positions(ms)
3 Perfect
The highest speed of closing position(ms)
3 Perfect
The lowest speed of opening positions(ms)
1985 Poor
The lowest speed of closing position(ms)
1953
Ranking: 110 / 133
Test user 671
Orders 28,054
Ocuppied margin $3,900,799 USD
Data Source WikiFX Data provide
Updated: 2024-03-28 01:03:SS

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    Sources

    LiteForex · Company Summary

    Company Summary

    Company profile

    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

    News

    LiteFinance Welcomes 2024 with Big Wins & Better Trading

    NewsLiteFinance Welcomes 2024 with Big Wins & Better Trading

    2024-02-07 14:22

    LiteFinance welcomed 2024 with New Year's promotions and enhanced trading conditions. Customers had the chance to win big with raffles and enjoyed lower fees for a profitable trading journey.

    WikiFX
    2024-02-07 14:22
    News
    LiteFinance Welcomes 2024 with Big Wins & Better Trading
    Monthly Japanese yen fundamental forecast

    NewsMonthly Japanese yen fundamental forecast

    2023-11-28 17:26

    Is there a correlation between faster wage growth and faster inflation? Conversely, do high prices trigger workers to demand higher wages, resulting in employers eventually agreeing?

    WikiFX
    2023-11-28 17:26
    News
    Monthly Japanese yen fundamental forecast
    Pound skating on thin ice. Forecast as of 19.10.2023

    NewsPound skating on thin ice. Forecast as of 19.10.2023

    2023-10-25 10:49

    The caution of the Bank of England, stagflation in the UK, and the crisis in the Middle East are pressing the pound down. Following a short correction up, the GBPUSD resumed falling and will hardly turn up in the near future. Let us discuss the Forex outlook and make up a trading plan.

    WikiFX
    2023-10-25 10:49
    News
    Pound skating on thin ice. Forecast as of 19.10.2023
    LiteFinance Faces Technical Issues in Company Servers

    NewsLiteFinance Faces Technical Issues in Company Servers

    2022-01-12 15:25

    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
    News
    LiteFinance Faces Technical Issues in Company Servers

    User Reviews

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    User comment

    10

    Comments

    Write a review

    sandra101
    3-6months
    scam, stop wasting your money and time it possible to get back your lost funds from a scam broker account because i was able to get back my own with the help and guide of maiI ; nick jover 4 at gm com , if y6ou have withdrawing issue with your investment broker
    2023-12-02 08:48
    Reply
    0
    0
    ゛╭ァonly me℡on
    more than one year
    After years of trying various forex brokers, I chanced upon LiteForex and, boy, can I say it has been a delightful discovery! From the word go, it was quite visible that the LiteForex team knows their stuff. The registration process was a breeze and their customer service, top-notch, responding promptly to my queries. Navigating through the LiteForex platform is both simple and enjoyable. I value how they've smartly organized all the necessary information and tools. After fruitful months of trading with LiteForex, I can assertively vouch for their service. Their commitment to delivering an efficient trading platform, customer-centric service, and commendable trading conditions have certainly won my confidence.
    2023-11-30 15:12
    Reply
    0
    0
    Carlzig6010
    more than one year
    I can't stop raving about how lightning-fast their withdrawal process is. I mean, seriously, it only took them around 2 days, and bam, the money was sitting snugly in my account. Compared to my previous experiences with other brokers, Liteforex stands head and shoulders above the rest. I've had my fair share of frustrations with sluggish withdrawals elsewhere, but Liteforex just blew me away with their efficiency. You know, it's not just about the speed; it's the reliability too. I feel like I can trust them completely.
    2023-11-28 16:24
    Reply
    0
    0
    Caren
    more than one year
    I think it’s one of the bad service out here Worst forex platform, He does nothing but move heaven and earth to hoard your money!! You can also see on this website that there are still many victims. Withdrawing don’t work, that’s why enjoy trading through benarmstrong-trades. com where I don’t have withdrawing issues, Do not trade with LiteForex. Totally a scam company.
    2023-03-05 00:49
    Reply
    0
    2
    Lucky71540
    more than one year
    Liteforex is great, guys. I traded with this broker three times a year, and every time, they offered me awesome trading services. They are always here to address my problems. Five stars⭐⭐⭐⭐⭐
    2023-02-21 21:29
    Reply
    0
    0
    霄辰
    more than one year
    I registered an account one weeks ago, and suddenly they told me that server is crashed… My account asked me to wait and what should I do now?
    2023-02-16 18:28
    Reply
    0
    0
    北冥有鱼65721
    more than one year
    Worst forex platform imaginable!!! He does nothing but move heaven and earth to hoard your money!! You can also see on this website that there are still many victims. Do not trade with LiteForex! Totally a scam company.
    2022-11-28 10:40
    Reply
    0
    0
    『我是你的小毛驴』
    more than one year
    The fact proves how stupid I am to choose them as my investment platform. Their account managers are not experts, and they are not professionals at all. I did what they suggested and lost a lot of money. Never trust them again.
    2022-11-25 16:05
    Reply
    0
    0
    金庸小迷弟
    more than one year
    NEVER trade LiteForex unless you want to lose all your money... I was trading when the site suddenly shut down! I can't do anything and I just lost my money. It says to compensate for this, but I have not received compensation for almost a year.
    2022-11-21 17:50
    Reply
    0
    1
    Nguyễn Trung PC
    more than one year
    fraudulent command intervention. Do not trade on this exchange
    2022-11-11 20:49
    Reply
    0
    0
    21
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