LiteForex Review 2021

LiteForex Review 2021

Davis J.
Robertson A.
March 2021
Analysis of the Main Features of the Forex Broker

7.3

Overall rating

7.3

/10

Execution of orders

7

/10

Investment instruments

7.2

/10

Withdrawal speed

7.3

/10

Customer Support work

7.6

/10

Variety of instruments

7.4

/10

Trading platform

24

Position
in rating

Trading terminals:

MetaTrader4 MetaTrader5
Own platform integrated in the personal account
24

Position in rating

7.3/10
Overall rating

Trading terminals:

MetaTrader4 MetaTrader5
Own platform integrated in the personal account

Attention!

Due to the large number of negative reviews about this company and because it occupies the low position of number 20 on our Ratings List of Forex brokers, the Traders Union does not recommend cooperating with this broker.

Instead, our experts strongly advise you to select a brokerage from among the Top 5 on our objectively ranked list:

Summary of LiteForex Trading Company

The LiteForex broker is a high-tech company that constantly offers innovative solutions for active and passive trading. The LiteForex group of companies was incorporated in 2005, and it has risen through the ranks to become a market leader. Today, LiteForex is an online ECN broker with unique technical solutions for transferring transactions to the interbank and directly to liquidity providers. Social Trading is a mechanism for automatic copying of other traders’ transactions (see, SocialTrading platform) and other advantages for comfortable and efficient trading.

Attention!

If you already have an account with this company, please write a letter to your broker’s support service at [email protected] stating that you intend to work through us (tradersunion.com). The partner account number is MT4-R-058277, MT4-L-805172, MT4-ECN-177426.

👍 Advantages of trading with LiteForex:

  • Correspondence to the A-Book model, STP (straight-through processing) and ECN technologies for processing client orders and pin spreads with instant market execution with minimal slippage in both directions;
  • Own trading platform for personal accounts that was designed for novice traders with the ability to copy transactions, analyze market sentiment, etc.;
  • Several types of affiliate programs with a multi-level system and cashback;
  • Automatic reimbursement of commissions paid when replenishing and withdrawing money.

👎 Disadvantages of LiteForex:

  • No cent accounts, which are often of interest to novice traders;
  • Supplement of additional indicators is not provided in the trading platform of your personal account; algorithmic trading and testing are not provided;
  • There is no information on how the risk level is assigned to traders from the social trading rating;
  • Complex verification procedure.

Overall

LiteForex is more in demand by traders who already have basic trading skills like professional traders and those who are interested in passive investing.

Visit LiteForex

LiteForex Latest Comments for 2021

5
6
4

The reviews by customers of the LiteForex indicate that it is a reliable brokerage company. Positive reviews increase standing and, of course, any negative reviews decrease its position in the ratings.

Just register and get authorized to submit a review of the broker’s activities and conditions on its platform. Everyone can and is invited to submit a review. All reviews of LiteForex published on the website in 2021 are verified and confirmed by Traders Union as reliable comments by real traders.

Recently I opened a EUR/USD order in МТ4 at several brokers and compared the chart. I did the same on the weekend when the market is closed. I wanted to compare not the running spread numbers, but the recorded difference. I looked at quotations on investment and a couple of other resources. Their pros: the spread is very narrow, the difference is in the 5th digit (pips for 4-digit quotes, that is, the spread is less than 1 pip). Their cons: there is a big difference in the quotation in comparison with real rates. If you trade without using quotations from the outside, then it is fine. If you work on external signals, then you’ll have an error.

For more than a year I have been making money with LiteForex on the Revenue Share affiliate program, where there are cashbacks (rebates). It is very nice! The broker is very popular, it has its own channels in the Telegram and social networks, the guys have a simple landing page with marketing attributes, etc., for free. They have everything to start making money on an affiliate program! And since the broker is well respected and many people know about them, I often manage to lure away experienced traders! If you don’t believe me, try opening an affiliate account for free and it will take you only 20 minutes. And then it’s up to you what to do next!

I have been working with LiteForex for more than 3 years. My impressions are more than positive. Those guys with whom I crossed paths work hard, they do everything for their client. I work with Jana Kane on the LiteForex blog. She prepares weekly reviews and I even named my youngest child after her. Jana is responsible, honest, and is always in touch. She even answers questions on weekends! They also have very cool blog authors. Demidenko even publishes articles on Investing; Hypov is a specialist in crypts, and Geuta is a specialist in technical analysis. I do not urge you to open an account, but I recommend checking out their website and blog!

Let me write a few words in defense of LiteForex. Whether to believe it or not, is up to you. LiteForex is a standard broker with its own gags and nuances. Some things in it are good, some things are bad. Some people complained about the spread, so check it out for yourself! Read the methods of analysis on the Internet, get acquainted with the principles of ECN and STP systems and draw your own conclusions! What one person likes, another does not like at all. For example, I like that they don’t block algorithmic trading. But scalping here at the time of non-farm releases is suicide. Their terminal is horrible! Work on MT4. Those who disagree, you can write to me here. I will answer every one!

Working with LiteForex is getting more and more comfortable every day! They have recently updated the functionality of the client's personal account. Now the demo is available without registration, everything is very clear in the personal account. I switched from MT4 to their terminal and I recommend it to everyone! The order execution speed is great!

Hey, connoisseurs, can you help me, please?! Has anyone figured out how to work a social trading platform? I have many questions: how is the level of risk calculated for each trader? As an investor, can I create my own portfolio of traders to attract other traders? How can I see the list of accounts in the archive of the managing trader? Support says: read the offer. With LiteForex I have more questions than answers.

I make money on social trading and so far, I like everything. Initially, I deposited $100 into the classic account. I chose a trader from the top twenty, I wrote to them in my personal account (with a translator). They sent me the investor’s password to MyFxBook. I showed the account history and statistics to the traders I communicate with and they said everything is fair and transparent. I connected. I made a profit and withdrew money. The first time the income did not cover the time spent on the analysis, but now I have found several good traders who have account histories for more than 6 months and just get passive income. If you need contacts of traders or need help to assess strategies, you can contact me. I will try to help.

2 3 >

Video Review of LiteForex

Expert Review of LiteForex

The LiteForex broker has been operating for over 14 years and that characterizes the company as a reliable and responsible partner. The broker is focused mostly on professional traders, as evidenced by a relatively high initial deposit and the absence of cent accounts. I would like to point out the transparency of the broker's trading conditions as there are no pitfalls or hidden commissions. There are no restrictions on scalping, hedging, or the use of trading advisors.

Recently, the company updated its personal account from a classic account into a full-fledged trading tool. And now you can start profit directly from your account in one click. Analytics have been added to the cabinet platform for novice traders: fundamental and technical forecasts for each pair, market sentiment, etc. You can also manage the affiliate program from the cabinet and create an investment portfolio using the SocialTrading service.

LiteForex is a professional trading company. The broker fully fulfills its obligations; therefore, it is one of the regular partners of the Traders Union.

Antony Robertson

Traders Union
Financial Analyst

Analysis of the Main Features of the Forex Broker

7.3

Overall rating

7.3

/10

Execution of orders

7

/10

Investment instruments

7.2

/10

Withdrawal speed

7.3

/10

Customer Support work

7.6

/10

Variety of instruments

7.4

/10

Trading platform

Dynamics of the Popularity of LiteForex
in 2020 among the Users of the Traders Union

Dynamics of the Popularity of LiteForexin 2020 among the Users of the Traders Union

Investment Programs, Available Markets and Products of the Broker

In addition to active trading, LiteForex also offers you a plan to earn on investment programs such as creating your own multi-level partner network and copying transactions. The SocialTrading service is an innovative LiteForex platform that allows you to automatically copy transactions, and also assesses and rates real traders, assigning each a risk level.

SocialTrading — passive income from copying transactions with minimal risk

SocialTrading is a transaction copying platform that allows you to create a diversified investment portfolio from different strategies with different levels of risk. It is available in the trader's personal account after registration.

Advantages of SocialTrading:

  • there are 4 options for copying transactions under SocialTrading: copying in proportion to the investor's funds, copying the full volume 1:1 or a fixed volume in lots, copying the set volume of each transaction;

  • there is a possibility of risk management. The prescheduled deactivation of the investor's account is provided;

  • you can earn on affiliate links of those who copy transactions (passive income to a trader).

The SocialTrading model works as follows. Each trader who opens a real account is automatically rated. The trader is assigned a risk level depending on the profitability of trading, the longevity of the account, the number of transactions and other factors. In accordance with the personal risk management system, the investor assesses the advisability of transactions copying from particular trader and connects his account to the trader's account. All traders' transactions are automatically copied to the investor's account; and when there is a profit, the investor pays a commission to the trader.

Important!

If you are a large investor and plan on investments over $ 10,000, contact us at [email protected] by the feedback form on our website. Our professional team will take you through all the intricacies of thedeal and all the steps from signing up to withdrawal of profits.

LiteForex affiliate program:

  • CPS. This multilevel affiliate program allows you to get remuneration up to $50 for each client (referral) + 10% of the sub-partner's profit. The tool of the program is an affiliate link by which a referral shall be registered; statistics management is available in your personal account.

  • Revenue Share. This gives a partner revenue in the form of a percentage of the referral's commission. There is a cashback to the personal account and you can set the percentage of the cashback to the referral in the range from 0% to 95%.

  • “Regional representative”. You can open your own representative office in partnership with LiteForex. Potential earnings up to $15 from each transaction of referrals and 10% of income from sub-partners.

 You can create in your personal account any number of partner programs of different types, setting different conditions in each of them and assorting referrals according to different criteria. Thus, you can assess which of the referral channels is more effective, and which cashback is optimal for you, etc.

Rebate and Discount Programs of the Traders Union for LiteForex

You can become a client of the Traders Union rebate service and reduce your trading costs. After free registration with Traders Union, in your personal account indicate the trading account opened with LiteForex via the affiliate link. Trade actively and earn by copying transactions and you will be compensated monthly for the spread regardless of the results of your trade.

Information

The compensation amount for the Classic account is 70% of the spread; for the ECN account, it is 70% of the broker's commission. Compensation for investment accounts depends on the percentage set by the manager's offer. The trader gets 80% of the indicated amounts from the Traders Union.

Example. You debit an average of 0.5 lots on your Classic account daily. This means that in 1 month (20 working days) the turnover will be 10 lots. The average spread for this account is 2 pips. Since 1 pip for the volume of 1 lot is $10 for the EUR/USD pair. The cost of the spread per month will be 10x2x10 = $200. 200x0.7 = $140, which is the amount paid by LiteForex to the Traders Union. 140x0.8 = $112 is the amount of compensation paid by the Traders Union to the trader.

Try it!  You’ll like this!

Trading Conditions for LiteForex Users

Trading conditions are extremely transparent and easily understandable. There are only two types of accounts: classic and professional. The minimum deposit is $50 for either account, order execution, market, and leverage is up to 1:500.

$50 USA

Minimum
deposit

Up to 1:500

Leverage

24/5

Support

MetaTrader4 MetaTrader5
Own platform integrated in the personal account
Trading platform: МТ4, МТ5, own platform integrated in the personal account.
Accounts: Demo, Classic, ECN
Account currency: USD, EUR, CHF, MBT
Replenishment / Withdrawal: WebMoney, Perfect Money, Neteller, Skrill, Visa, MasterCard, bank transfers (SWIFT), 6 types of cryptocurrency
Minimum deposit: $50 USA
Leverage: Up to 1:500
PAMM-accounts: No
Min Order: 0.01-100
Spread: Classic — from 1.8 pips, ECN — from 0 pips
Instruments: Currencies, assets of stock and commodity markets, cryptocurrencies
Margin call/Stop Out: 100% / 20%
Liquidity provider: n/a
Mobile trading: Yes
Affiliate program: Yes
Orders execution: Market Execution
Trading features: Cryptocurrency trade available
Contests and bonuses: Yes

Comparison of LiteForex with other Brokers

LiteForex FxPro XM Group Admiral Markets UK AvaTrade
Trading
platform
MT4, MT5, MultiTerminal, Sirix Webtrader MT4, MobileTrading, MT5, cTrader MT4, MT5, MobileTrading MT4, MT5, iPhone, iPad, Android, MT4 Supreme Edition MT4, MobileTrading, Zulu Trader, Mirror Trader, AvaTrader, AVA Option
Min deposit $10 $100 $5 $200 $100
Leverage From 1:1
to 1:1000
From 1:1
to 1:500
From 1:1
to 1:30
From 1:25
to 1:500
From 1:200
to 1:400
Trust management Yes No No No No
Accrual of % on the balance 7.00% No No No No
Spread From 0 points From 1 point From 1 point From 0 points From 0 points
Level of margin call
/ stop out
50%  /  20% 25%  /  20% 100%  /  50% 100%  /  30% 25%  /  10%
Execution of orders Market Execution, Instant Execution Market Execution, Instant Execution Market Execution Market Execution Instant Execution
No deposit bonus No No $30 No No
Cent accounts Yes No Yes No Yes

Broker comparison table of trading instruments

LiteForex FxPro XM Group Admiral Markets UK AvaTrade
Forex Yes Yes Yes Yes Yes
Metalls Yes Yes Yes Yes Yes
Crypto Yes No No Yes Yes
CFD Yes Yes Yes Yes Yes
indexes Yes Yes Yes Yes Yes
Stock Yes Yes Yes Yes Yes
ETF No No No Yes No
Options No No Yes No No

Commissions & Fees LiteForex

Information

Traders Union analytics analyzed LiteForex offer and trading conditions for explicit and hidden commissions. The main commissions — spread and commission on an ECN account — from US$5 per 1 lot. There are no commissions for depositing and withdrawing from an account as LiteForex pays it to your trading account.

Account type Spread (minimum value) Withdrawal commission
Classic From $18 No
ECN From $0 No

There is a swap (commission for shifting transactions to the next day). The Traders Union analysts also compared the average commissions on STP accounts of LiteForex broker and other brokers, and therefore the corresponding level was assigned.

Broker Average commission Level
LiteForex $18 High
FxPro $13.2 Medium
Admiral Markets UK $5 Low
LiteForex
$18
FxPro
$13.2
Admiral Markets UK
$5
Conclusion

The broker offers fairly high spreads that can be reduced with the Traders Union rebate.

Detailed Review of Exness

The LiteForex brokerage was founded in 2005. Thereafter, the company has become one of the largest participants in the European brokerage markets. The top goals of the broker are to improve the technology for bringing client transactions to the interbank market and to liquidity providers, as well as to provide additional services for passive investment.

LiteForex is one of the best ECN brokers on the European market

LiteForex holds itself out as an ECN broker that level out traders' deals directly in the ECN network without the participation of a middle man. LiteForex is a high internal liquidity company, providing its clients with a transparent and large-scale market with order execution at the best price and without delay. This model avoids conflicts of interest and offers challenges for the trader to use any trading tools.

LiteForex's trading instruments include classic currencies and cross rates, metals, stocks, stock indices, and assets of commodity markets. The company was one of the first to offer cryptocurrency trading using classic BTC and ETH, and second tier cryptocurrencies like LTC, XRP, and others.

Its own trading platform, built into your personal account and being an addition to the classic MT4 and MT5 is another component of LiteForex. Unlike MT overloaded with opportunities, it has a simplified functionality that allows a novice investor to quickly understand the specifics of trading. Another feature of the platform is a scalable chart and an extended set of analytical tools.

Useful analytical services and applications of LiteForex:

  • analyst from the independent company Claws&Horns. It offers technical analysis, signals, and video reviews;

  • trader's calculators. Assistance in calculating the volume of a position, taking into account the leverage, trading asset and quotes. Fibonacci Calculator — a technical analysis tool for making strong levels, potential reversal points, and trend direction;

  • VPS server. Trading 24 hours a day with the ability to use a trailing stop even when there is no connection between the client’s terminal and the broker's server.

Advantages:

1

an intuitive platform built into your personal account. Rigorous trader selection process in the form of rating the social trading service;

2

the optimal combination of the level of spread and the speed of execution of transactions. No requotes, almost no slippage;

3

compensation fund (protection of the trader's money in case of unexpected circumstances);

4

excellent support service. An instant answer to any question; assistance in resolving disputes, taking into account the client's opinion;

5

a blog is written by leading traders, investment management analysts and trading systems developers.

 There are no trading restrictions. The use of trading advisors and scalping is allowed; there are no Stop&Limit levels.

How to Start Making Profits — Guide for Traders

LiteForex offers two types of accounts. The classic account is an account for those who prefer intraday, medium and long-term strategies with small trade volumes. ECN account is a professional account with market spreads from 0 pips and instant order execution. It is perfect for high-frequency trading.

Types of accounts:

Account Type
Description
Classic
Spread is from 1.8 pips; no commissions or charges on the account balance. Leverage is up to 1:500;
ECN
Spread is from 0.0 pips; the commission is from $5 per 1 lot regardless of the result of the operation. Leverage is up to 1:500; the interest accrual on the account balance in the amount of 2.5% per annum is provided.

You can get acquainted with the broker's capabilities and platform functionality using a demo account.

Bonuses Paid by the Broker

ZERO Fees

ZERO Fees — reimbursement to the trading account by the debited payment system for the transfer of a commission via replenishment or withdrawal.

Temporary bonus programs

Information on temporary bonus programs is published on the LiteForex website.

Bonus from Traders Union

Every LiteForex trader who has become a Trader Union client gets one more bonus which is spread compensation. Register for free on the Traders Union website (it takes only 10 minutes), then open an account with any broker from the Traders Union ratings list using the affiliate link and trade. You will be credited with compensation for the spread monthly regardless of the trading results. If you are an existing LiteForex trader, here you will find detailed instructions on how to link your brokerage account with a Traders Union account.

Investment Education Online

Information

There are several subsections devoted to training on the LiteForex website, focused on novice traders, on professionals, and those who are interested in analytics.

Information available in the LiteForex sections
Unavailable information on the LiteForex website
Training (beginner, advanced and expert courses)
Everything you need for a successful start
LiteForex webinars
 
Books and textbooks
 
Descriptions of technical indicators and trading strategies
 
Instructions for working with the social trading platform.
 

There is a demo account where you can step by step master the knowledge gained from books, webinars and training materials, work out indicators, and test strategies.

Security (Protection for Investors)

Information

LiteForex is regulated by CySEC, a Cypriot regulator operating in accordance with the European MiFID directive (license No. 093/08). All money of all traders is insured by an investor compensation fund with a guaranteed payment up to EUR 20 thousand.

LiteForex guarantees the confidentiality of personal data and security during transactions. Data encryption protocol (HTTPS — hypertext transfer protocol) is used when transferring data between the client’s computer and the broker's server, thereby preventing the interception of the client's personal data.

 

👍 Advantages

  • Segregated accounts
  • Reliable data transmission security system
  • Working in the European legal field

👎 Disadvantages

  • Difficulties for private traders to communicate with the regulator

Withdrawal Options and Fees

  • LiteForex broker provides instant crediting and withdrawal of funds without limits on the amount and without limits on the number of requests. The minimum withdrawal amount is from $10 or equivalent.

  • There are several options for money replenishment or withdrawal: WebMoney, Perfect Money, Neteller, Skrill, Visa, MasterCard, bank transfers (SWIFT), cryptocurrencies (6 types).

  • The speed of withdrawal directly to the trader's personal accounts depends on the speed of transactions within the selected payment systems.

Customer Support Service

Information

The broker's support service is available for each trader 24/5.

👍 Advantages

  • There is a distinction between partner support, financial department and trader support
  • Multilingual support for over 15 languages

👎 Disadvantages

  • Not available on weekends

There are several ways to contact Customer Support:

  • LiveChat (online chat on the broker’s website is available without registration);

  • communities links to which are indicated on the site (social networks and specialized groups);

  • by phone, the numbers are indicated on the site;

  • via email.

Support is available on the broker's website and in a personal account.

Contacts

Registration address First Floor, Mandar House, Johnson's Ghut, P.O. Box 3257, Road Town, Tortola, British Virgin Islands
Contacts

Review of the Personal Cabinet of LiteForex

How to make money with LiteForex? Register an account and create a personal account. The registration procedure is standard:

1

Register on the Traders Union site and follow the affiliate link to the LiteForex broker's website. Click the “Registration” button in the right upper corner.  If you need to open a demo account, do it in the "For novice traders" menu.

LiteForex Review - Official Website
LiteForex Review - Official Website
LiteForex Review - Official Website
2

Go through authorization, following the prompts: enter the initial data (login, password, email). Then confirm the registration by the link that has been sent via email, and enter your personal account. This is enough to start. To conduct real trading and before making a deposit, you need to go through verification by providing personal data and screenshots of documents. If you are planning to become a partner you need to go through a specific verification.

3

 The following is available in the LiteForex personal account:

1. Trade on an integrated platform. The terminal is accessible from a practical perspective. There is one-click trading, the main analytics for all instruments is available (spread, volatility, market sentiment, price deviation, etc.):
LiteForex Review - Client’s Cabinet
LiteForex Review - Client’s Cabinet
2. SocialTrading copying platform. It is possible to sort traders by profitability, risk level, and the ability to form an investment portfolio in one click:
LiteForex Review - SocialTrading copying platform
LiteForex Review - SocialTrading copying platform
1. Trade on an integrated platform. The terminal is accessible from a practical perspective. There is one-click trading, the main analytics for all instruments is available (spread, volatility, market sentiment, price deviation, etc.):
LiteForex Review - Client’s Cabinet
LiteForex Review - Client’s Cabinet
2. SocialTrading copying platform. It is possible to sort traders by profitability, risk level, and the ability to form an investment portfolio in one click:
LiteForex Review - SocialTrading copying platform
LiteForex Review - SocialTrading copying platform

Other useful functionality and features:

  • access to analytics: economic calendar, news feed, signals, information on interest rates;

  • managing trade and trade statistics overview by profile: data on copying transactions (who copied/who was copied — statistics on transactions), data on the portfolio, trade statistics, profitability;

  • statistics of deposits and withdrawals;

  • management of affiliate programs, statistics of profitability in the context of each campaign and partner groups;

  • trading through MetaTrader.

Tags:

liteforex lite forex

The Oldest Reviews of the LiteForex

The reviews by customers of the LiteForex indicate that it is a reliable brokerage company. Positive reviews increase standing and, of course, any negative reviews decrease its position in the ratings.

Just register and get authorized to submit a review of the broker’s activities and conditions on its platform. Everyone can and is invited to submit a review. All reviews of LiteForex published on the website in 2021 are verified and confirmed by Traders Union as reliable comments by real traders.

Message: “Liteorex company has terminated cooperation with you following clause 12.2. of Partner agreement. You have been denied provision of the log file.” The account is blocked, withdrawal is denied. During one night, trades were closed by stop-out due to unworked stops. The support responded quickly. Losses up to $100 of the deposit made. Screw earnings. Consider this only as a demo.

It is a controversial broker, but with others, there were even worse situations. They have very good spreads for scalping on ECN, but at the time of this news release, it is better to roll off transactions. They have no restrictions on high-frequency trading, but at the time of opening transactions, they can make your life difficult and the support will then shift the blame to liquidity providers. There are pros and cons.

You can easily find a lot of negative reviews with examples of real correspondence with support and detailed descriptions of the situation and links to the points of the partnership agreement! Sudden widening of spreads, closing of transactions by stop-outs when the price has not yet been reached, slippage! I was shocked when my transactions were closed by stop-out on a small lot of 0.01. Be prepared for lengthy correspondence with technical support and their explanation that “the Company has the right to unilaterally enforce...” and so on. The regulator will also ignore your letters.

I didn’t like it. MT4 may freeze up at the wrong moment and the Not Found window will be displayed instead of the chart. If you try to ask the support about the reasons, you’ll get your answer but only in 30 minutes. When the MT starts working again and the trades are closed by the stop (well, if you haven’t forgotten about them). Spread widening is a common pattern here. I down loaded the backtest, made all the screenshots at the time of widening (put the Spread Warner script in MT), compared it with other quotations and saw that LiteForex was cheating a bit on the spread. I would not recommend this broker because it scalps.

Does anyone else believe in the bubble button called social trading at LiteForex? :) I am connected to a couple of the most profitable traders: their profitability is awesome, last month it was about 500%. Well, I decided to close in a week or so... In a couple of days, out of nothing, you have a complete blow. I am checking equity, trying to find the reason for this blow. Okay, it’s an issue of thrill. I am trying to look at the history of the previous merged accounts of the manager - but it is absent! Lite just does not display it ☺ You don’t see all the trader’s previously blown accounts, but they simply blow your loot, honing some of their tactics, and open a new account. Ask support, according to what formula they assign a level of risk. Not a chance, they will tell you. They drew some numbers on the site, and they are happy.

Read all agreements or at least the FAQs carefully! For example, the declared leverage of 1:500, which is needed to reduce the margin level, works only for currency pairs. And there is no leverage for stocks or crypts, but there is a fixed margin in the formula. I only found out about this when I opened transactions for one level of margin and received another much larger one. The FAQs also has an interesting point 4.22 on how profit is calculated. And there is a reference to the contract specification in MT4, but half of the traders don’t even know where to look for it.

Several words on deposits and withdrawals. Nice bonuses. LiteForex compensates the commissions of payment systems when replenishing an account. The money is refunded to a real trading account. But to withdraw, you’ll have to pay a commission. The withdrawal speed corresponds to what is written on the site, only it is closer towards the upper boundary. And you can withdraw money only to the account which was used for replenishment. When registering, you can specify a second alternative account, but support will eat your brain out before they agree to verify it.

Author of this Review

LiteForex broker’s review prepared by

John Davis

Traders Union Author and Analyst

John Davis is a Financial and Economic Analyst working with the Traders Union since 2016. During this time, he has written more than 100 analytical articles on technical and fundamental analysis, reviews of financial companies and has developed more than 10 proprietary trading systems. John's motto is to help everyone go from a novice to a professional trader.

All information posted on the Traders Union website is based on reliable and objective data. We have combined our 10 years’ experience in the financial sector and the feedback of our customers to provide you with a true picture of the best forex companies in the market. Detailed information about our methodology.

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FAQs

Do reviews by traders influence the LiteForex rating?

Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about LiteForex you need to go to the broker's profile.

How to leave a review about LiteForex on the Traders Union website?

To leave a review about LiteForex, register on the Traders Union website or you can also leave a review through Facebook.

Is it possible to leave a comment about LiteForex on a non-Traders Union client?

Anyone can leave feedback about LiteForex on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.

Why is it more profitable to work with LiteForex through Traders Union?

Because you will receive additional payments from Traders Union every month while all other functions on your chosen trading platform remain the same.